Bad credit is a common problem tearing families apart financially these days. A low credit score can often mean not being able to get a loan, getting forced into high interest rates, and other issues. Each year hundreds of thousands of people just like you are turning to credit repair companies to fix their credit and improve their FICO credit scores.
The use of credit repair services can allow you to get assistance with removing negative things from your credit report. Things like missed or late payments, repossessions, and much more. The problem is that choosing a reputable service provider and trying to find the best credit repair service can be a daunting job. There are thousands of companies out there and it can be hard to decide who to bring your business too.
Here at CreditCage.com, we have carefully studied and investigated several of the top credit restoration companies to identify who among them are the best in terms of client satisfaction and how much they care and provide for their clients. We have used several different rating items to factor into our results and come up with a comprehensive list of the best companies.
In this day and age, many folks are rightfully skeptical about online services claiming to help your financial status. After all, each year with the rise of all things internet the world of online scams has exploded. The truth is that there absolutely are credit repair agencies online that can help you fix your credit and increase your credit score. And they actually work as expected!
Our top rated company claims on average they are able to remove 10 negative items from each of their client’s credit reports. The cool thing about these online agencies is that the reputable ones actually offer a money back guarantee which makes it so you have nothing to lose. You only pay if you are a happy customer! Another great resource is that these companies will often evaluate your case 100% for free up front. That way you will know if you are a good candidate for credit repair.
Before you dive into the hiring process you should probably understand what they are offering and what you are looking for. When you open the lines of communication with one of these companies they should be able to give you a proper idea up front of what they can or can’t do for you in your specific situation. A quality credit repair company should be able to help increase your credit score leading to further eligibility for mortgages, vehicle loans, and other financial services you may not have previously qualified due to poor credit.
The majority of services work like this:
A big question we get from a lot of people starting to take their personal finance seriously is whether or not a credit repair service is worth the monthly cost. The fact of the matter is that these services typically cost between $60 to $100 a month. The good part is that there are usually no contracts so you can cancel the service if you feel you are not getting value.
An easy way to determine if one of these services would be worth your money is to consider how much extra you are currently paying in interest on credit cards with your current bad credit score. Also, think about how much more you would spend on a mortgage with a bad rate vs a standard rate. $100 becomes a drop in the bucket compared to those. These services will expedite fixing your credit score saving you several thousand dollars in the long run.
It’s extremely important that you do your research when you are considering a credit repair agency. You don’t want to end up paying for a sub-par service. Here are some things to look out for and some things that you should consider:
You want to only work with a company that is licensed, bonded, AND insured. This is serious business and you need to ensure you are working with true professionals. Ask to see proof of this if you are worried.
Depending on the company you may be asked to request credit reports on your own and provide them or the company may be able to request on your behalf. However more often than not companies will require a Government issued ID, address information, employer information, account numbers, a list of assets and debt, and other important financial documentation.
If you are not 100% educated on how credit works, you’ll want them to explain to you the things that go into procuring a credit score and how you can do things to contribute to raising your score. Them simply giving you a TODO list without you understand the reason behind it will not help you solve your deep rooted financial issues since you won’t know what they are!
A quality company will have a deep level of customer service. Ask about having a line of contact to the service representative attached to your account. Ask about what hours you can reach them. Ask about the refund process if you don’t like the service provided. Ask all the questions NOW so you can be prepared for the future. Personal finance is about being financially prepared consistently.
A reputable credit repair company will be able to show you the path they have taken and are taking for your account. You should be able to see the measurables and understand any progress being made for you. If you aren’t seeing results then why are you continuing to pay a company monthly?