Credit Repair Companies
Thinking about using a credit repair company to repair your credit?
Let me be the first to say that everyone has the right to repair their own credit, the Fair Credit Reporting Act protects our right to do so.
So why do people turn to credit repair companies if they can fix their own credit?
Bottom line, to make a case it boils down to three things:
1) Convenience – Many of us would simply prefer to have all the work done for us. The majority of us have hectic lives with busy schedules and simply don’t want to take the time to do all the work involved in the credit repair process; from analyzing credit reports, creating and initiating the dispute process, monitoring results, following up and following through with ongoing communication and counter- responses with the credit reporting agencies, etc.
2) Expertise – We have choices to do many things on our own in our lives, like filing our taxes. So why do we hire a CPA or pay for tax preparation services? It’s pretty simple; with over 73,954 pages in the U.S. tax code we don’t have the time nor care to understand every facet of the tax code. We would much rather pay an expert who can prepare our taxes for us.
This same approach is why reputable credit repair companies provide an invaluable service to consumers who would prefer to have an expert who specializes in the laws governing credit reporting and credit repair. (Fair Credit Reporting Act, Credit Repair Organizations Act, The Fair and Accurate Credit Transactions Act, etc.)
3) Support, Coaching and Education – Just addressing derogatory items on one’s credit reports are only one aspect to restoring credit. People prefer a credit repair company so they can get additional support and one on one coaching for specific strategies and steps to take for optimizing their credit ratings.
Are you considering enrolling in a credit repair service?
While the best credit repair companies are few and far between the truth is reputable, efficient, cost effective and legal credit repair companies do exist and operate according to the laws governing credit repair service organizations. (CROA)
Do you want to know more about credit repair, credit optimization, and the most effective credit repair service I have been utilizing for my customers for over 10 years? Submit your name and email below to receive my FREE e-course ‘7 Steps to Superior Credit’ ($497 value) =>
To Your Success In Business and in Life!
Did This Blog Help You? If so, I would greatly appreciate if you like and shared this on Facebook.
About the author
Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, All Business.com and About.com .His articles and blog; Business Credit Blogger.com, have been featured in ‘American Express Small Business’, ‘Business Week’, ‘The Washington Post’, ‘The San Francisco Tribune’,‘Alltop’, and ‘Entrepreneur Connect’.
Image courtesy of FreeDigitalPhotos.net