Credit Repair Counseling & Where To Find It

Credit Repair Counseling & Where To Find It

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Millions of Americans are in a money trap. A professional credit repair consultant could help you get your life back in order.

Millions of Americans are in a money trap. A professional credit repair consultant could help you get your life back in order.

Locating a professional credit repair advisor may be what you need to help fix your deteriorating credit rating. You may have some idea about what steps you should pursue in order to repair your credit, but a qualified professional could be your best option to help you sail through the process.

4 Steps To Finding A Credit Repair Advisor

Before you engage the services of a professional, please keep in mind a few things first including the following:

1. Is the credit repair consultant licensed? A good number of states do not require licensing for this type of professional, but if they are a CPA or authorized financial consultant, then they must be state approved. Be careful! Some so-called experts have scant formal training and many not be able to offer the advice you need.

2. How much will you have to pay for services rendered? Even if the professional is employed by a nonprofit organization, that does not mean that you will get helped for free or at a discounted price. Find out about their fee structure first; never sign a contract without confirming what services are offered. Also, talk to several advisors and compare plans – shop around!

3. Take the long view. Certain credit repair consultants will work with your lenders to forgive a portion if not all of your debt. That sounds great, doesn’t it? Well, what will that do for you in the long run? Will your credit be destroyed? Please understand one important thing: loan forgiveness does not necessarily mean you’ll be starting over again fresh. You could be in worse shape if you select a credit repair advisor who shows no interest in preserving your creditworthiness.

4. What is their reputation? Before hiring a credit repair advisor, you should discover what this person’s reputation is among his peers. The Better Business Bureau or local Chamber of Commerce is a good start as are governing authorities who oversee this kind of work. Get references, call these people and ask a lot of questions. You don’t want to have worse problems later on because you weren’t thorough with your due diligence.

Getting Back on the Road

Making use of the services of a credit repair counseling business could prove advantageous to you. With expert assistance you may be able to avoid ongoing problems and start back on the road to recovery. You may be able to handle some of the credit repair work yourself. Find out what your options are and choose the right plan for you.

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See AlsoConsumer Credit Repair Done Right

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Categories: Consumer Tips

Comments

  1. James Junior
    James Junior 18 November, 2009, 06:19

    The biggest red flag when looking for the right credit advisor is incredible guarantees. I mean in terms of results. The fact is that there is no such thing as wiping out every negative item on your report in a few days or similar such claims. The credit repair business can take months and even years to reach an optimal level of integrity. This depends greatly on the individual case, the more negative items, and the more serious they are, then the longer it takes. This is especially true in case of judgments and bankruptcies. That is because they are so easy to verify, they are right there on the court database.

    Does this mean that there is no way to remove them? Possibly, but not always, with persistence and diligence it is a possibility. I would never guarantee the removal of such things to a client, unless of course I was a criminal, and there are plenty of those out there. I would guarantee that I would persist and give it my absolute best effort, that’s for sure.

    So just remember, the bigger the promise, the bigger the lie.
    .-= James Junior´s last blog ..The Average American’s Step-by-Step eGuide To Credit Repair – Step One =-.

  2. Lynn
    Lynn 22 June, 2010, 20:39

    I’m gonna have to agree with the bigger the promise the bigger the lie most of the time. Good advice.

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