If there are errors on your credit report, repairing them can help improve your score. However, it can be difficult to remove negative information on your own. That’s why many people choose to hire a credit fixing company. However, it’s important to research each company before signing a contract. There are a few things to look for, including the company’s reputation, its upfront costs and monthly fees. It’s also essential to know what the company is legally allowed to do. Credit repair companies are regulated by the Federal Trade Commission, which sets out rules on how they can work for you. For instance, they’re not allowed to lie about what they can do or charge you before starting their services. Checking online reviews from sources like Google Reviews, the Better Business Bureau (BBB) and Yelp is a good way to get an idea of a credit restoration company’s reliability.
A legitimate credit repair company will start by requesting your credit reports from the three major consumer credit reporting agencies — Experian, TransUnion and Equifax. It will then go through each report and find any inaccurate information. This can include accounts that don’t belong to you, negative entries that aren’t yours or incorrect dates on your report. Once it finds errors, it will contact the credit bureaus or data furnishers that provided the information to ask for them to be removed. Most credit repair companies will send several letters to the bureaus and creditors over a period of 30 days. During this time, they’ll also try to educate you on ways that you can improve your credit score long-term.
Some credit repair companies offer a money-back guarantee, allowing you to get your money back if they’re unable to fix your credit within a certain time frame. Others may offer other perks, such as a pause feature that lets you skip months of service without cancelling your membership. Sky Blue Credit Repair, for example, offers a 90-day refund policy and allows customers to pause and resume their subscriptions whenever they want.
The best credit repair companies have a wide variety of options to suit your needs and budget. Some offer a single, low-cost package that includes everything you need to improve your credit, while others charge more for each service they provide. If you’re unsure which option is best for you, consider getting a consultation with a credit repair agency to learn more about what they can do and how much each service will cost. Then, compare the different offers to find the one that’s right for you. Just be sure to avoid companies that claim to have a “quick fix” or that promise immediate results. Credit repairs take time, but are well worth the effort if your credit scores are in jeopardy. If you’re looking to improve your credit quickly, consider paying for a credit counseling service instead of a credit repair company. They can teach you methods of improving your credit score that are easier to maintain over the long-term. credit fixing companies