Credit repair can be a very effective way to clean up your credit report and raise your credit score. But it’s also important to do your research and find a reputable company that will help you.
1. Transparency
It’s always a good idea to ask for a copy of your credit reports from the major credit reporting agencies before signing up for any credit repair service. This will ensure you don’t get stuck with a credit repair agency that doesn’t do what it promises.
2. Reputation and customer reviews
Before you sign a contract with any credit repair company, make sure it has a solid reputation in the industry. Online reviews of these companies can give you a great idea of their services, and how well they handle customer complaints.
3. Overall cost
Before signing up with any credit repair agency, consider the total price you’ll be paying for the service. Look for a company that provides upfront information on the cost of their services, and that offers you a written contract detailing your legal rights and cancellation policy.
4. Guarantees
It’s best to work with a credit repair company that has a money-back guarantee. Many of the top credit repair agencies offer this option. You can cancel anytime and a refund of the previous month will be issued.
5. Flexible cancellation and satisfaction policies
Some credit repair companies offer a very generous cancellation and satisfaction policy. For instance, The Credit People is one of the few that offers an instant cancellation and a full refund in case you are not happy with their services.
6. Affordable pricing
The Credit People’s affordable prices for their credit repair services are another reason we recommend them. They have two plans to choose from — a monthly plan and a flat-rate plan. The monthly plan is $79 per month after a $19 first-work fee, and the flat-rate plan is $419 for six months of membership.
7. Experts
Finally, it’s a good idea to look for a credit repair service that has professionals who have extensive experience in the field. This can make all the difference in your results.
Typically, these professionals have a strong understanding of credit reporting laws and the best practices for disputing errors on your credit reports. They can also help you develop a budget and make smart credit decisions.
8. Credit counseling
If you’re serious about credit repair, but feel like you’re not able to do it on your own, talk to a credit counselor. They can provide you with budgeting and debt management advice, as well as recommendations for credit repair companies that can work with you to fix your credit.
9. A good credit repair agency
When looking for a credit repair company, it’s important to select an agency that has an excellent reputation and provides transparent pricing. You should also check with the Consumer Financial Protection Bureau to see if they have any issues with the company you’re considering.