There are companies that help people with bad credit by using a variety of strategies, such as removing negative items through negotiation, identifying errors and correcting them, etc. Since the industry is riddled with scams, it is important for people to be careful when choosing a company. Not all affordable credit repair services are legitimate.
It is possible to identify trustworthy companies by knowing what kind of red flags to look for and to avoid any company that has those red flags. Some of these red flags include:
• Attempt to collect money in advance. Actually, this is prohibited by the Credit Repair Organization Act.
• Promises of a “quick and easy fix.” This simply isn’t possible, especially if you haven’t taken the time to review the customer’s credit reports first.
• Making any type of guarantees or specific claims, such as “Increase your score by 200 points!”
• Have a lot of negative reviews and complaints against you.
• Not being open about what types of strategies they are going to use.
• Suggest that the client actually creates another identity. This is obviously against the law.
The ideal credit repair organization will always be upfront about what it can and cannot do. They must have a team of lawyers working for them and use only legal means to remove the negative elements.
Find affordable credit repair services
What about affordability? Only AFTER you provide a free consultation is a credit repair company required to submit payment. Some affordable credit repair services offer different levels of service at different prices. The lowest priced option will offer, at a minimum, Branch Challenge services and Credit Interventions. Although they can’t offer any specific guarantees regarding credit scores, they can provide a personalized score improvement analysis each month, which includes specific information that could help boost your score.
Communication is another important factor, in addition to price and payment plans. It is very helpful if each client has a legal expert, such as a paralegal assigned to their case, who they can contact at any time, via email, phone, or chat. There should be training and guidance as well as tools to help clients track their case and monitor outcomes 24/7.
There are many credit report repair companies and only a few are legitimate and affordable. One company to consider is Lexington Law, where free consultations are available. There are a few different payment plans to choose from, all of which include affordable credit repair services.