subject: Self Credit Repair Vs. Paid Credit Repair [print this page] When it comes to the question of whether or not you need professional help with yourcredit repair, there are plenty of pros and cons to both sides. Let's examine this a bit. There is no absolute right or wrong; it just depends on your unique situation and whether you have the money to put down for this and how much time you have or don't have.
The "pros" of going with a credit repair company are pretty obvious:
1. You don't have to figure it out.
2. You just have to do what you are told.
3. If you do it with a reputable company, you will save time and some peace of mind
The downsides of doing it with a credit repair company are also pretty obvious:
1. It can be expensive: $600 - $1500.
2. The work they do is pretty simple and at the end of the day, you could feel ripped off.
3. You still have to put in a fair bit of work when you go with a company. Even though you don't have to know why they will ask you to do what they ask you to do, they will probably explain it and when you realize how simple it is, again, you might feel ripped off.
4. They will probably only spend about a couple of hours actually working with/foryou. Again, you might feel ripped off.
5. They typically bill monthly so they are not under pressure to get your credit repaired fast, after all, as soon as you are satisfied, you are no longer their customer.
The benefits of doing credit repair by yourself are as follows:
1. You will save a great deal of money.
2. You will learn a few things.
3. You will find that it is really pretty simple.
4. There is free info and free tools on the web that you can easily access.
5. There are forums on the web where you can talk' to people who have repaired their own credit.
The "cons' of self credit repair are as follows:
1. It takestime.
2. You might not be sure if you did everything correctly.
3. Your letters could be rejected if you don't do it correctly.
4. You might lose the time you put into it if you end up going with a credit repair company.
All in all, both ways are good as long as it is done correctly. If you sign on with a bad credit repair company, then you might lose a lot of money for no result. This happens. On the other hand, if you do it on your own and you don't do it right, you will lose a lot of your time. You need to decide what is more valuable to you in the long run, your money or your time, and which you have more of to invest in the credit repair endeavor.
