Credit Repair via Credit Counseling
Although repairing your own credit is highly recommended, it is sometimes beyond what you believe to be our capability. It may be too emotionally laden and/or you may just not be able to buckle down and make the necessary money management changes without professional help.
If you choose to take the professional route, you also need to be very thorough in you investigations of the third party options available to you. The public is bombarded with paper media and online information about credit repair. Beware of a lot of this information. Many of these almost unbelievable claims are just that "unbelievable."
When you first read the claims of some of the agencies, you should be able to tell that the claims are ridiculous, such as: repair credit overnight. While those kinds of claims are fairly obvious, others are not. The internet will have ads for you to have several agencies contact you for help. You provide some information. What you might end up with are some annoying and possible nasty phone calls.
For example, if you contact an agency simply for initial information about their services and costs, and they ask for your information before they will provide answers to your questions. If you are not given the answer to your request for information, stay away from such an agency.
You need to be able to get the basic information about a company such as its services and fees without being asked for any of your financial situation. If you are not provided with this information do not go further with such an agency.
Once you are satisfied with an initial contact, you can ask further questions such as how the procedure will affect your credit reports, how the agency provides assistance with debt management, how does the agency inform you of their activities and does the company offer other money management services.
One of the most important questions to be answered is: what are the agency fees? Some will ask for large amounts of money upfront and large monthly fees. If you can't afford all your debt payments, how will you afford agency fees? Be careful that you don't get into a long, drawn out repayment situation because of charged fees even if the agency claims to be nonprofit.
It is apparent that finding the right credit repair agency will take some work from you, the payoff will be finding the right match for you.
If you choose to take the professional route, you also need to be very thorough in you investigations of the third party options available to you. The public is bombarded with paper media and online information about credit repair. Beware of a lot of this information. Many of these almost unbelievable claims are just that "unbelievable."
When you first read the claims of some of the agencies, you should be able to tell that the claims are ridiculous, such as: repair credit overnight. While those kinds of claims are fairly obvious, others are not. The internet will have ads for you to have several agencies contact you for help. You provide some information. What you might end up with are some annoying and possible nasty phone calls.
For example, if you contact an agency simply for initial information about their services and costs, and they ask for your information before they will provide answers to your questions. If you are not given the answer to your request for information, stay away from such an agency.
You need to be able to get the basic information about a company such as its services and fees without being asked for any of your financial situation. If you are not provided with this information do not go further with such an agency.
Once you are satisfied with an initial contact, you can ask further questions such as how the procedure will affect your credit reports, how the agency provides assistance with debt management, how does the agency inform you of their activities and does the company offer other money management services.
One of the most important questions to be answered is: what are the agency fees? Some will ask for large amounts of money upfront and large monthly fees. If you can't afford all your debt payments, how will you afford agency fees? Be careful that you don't get into a long, drawn out repayment situation because of charged fees even if the agency claims to be nonprofit.
It is apparent that finding the right credit repair agency will take some work from you, the payoff will be finding the right match for you.
About the Author:
With unprecedented problems in the credit markets it?s more important than ever to have excellent credit. For more information check out Rob Kosbergs' Detailed FREE Guide on Maintaining and Repairing your Credit Score by going to Bad Credit Repair for your FREE information.
posted by Credit Counseling at
4:10 PM
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