How to choose a credit repair service
There is no doubt you’ve heard horror stories of people victimized by deceitful credit repair companies. We realize we run our business in an industry with an ugly reputation and in despite of these negativities we strive to provide a transparent plan of action to ensure you that we are here to help. Just as you may be looking for help in repairing your credit to show lenders that you’re a trustworthy individual in the sea of devious people, we strive to show you the same.
Your credit history is important and if you’re already suffering from a blemished past, the last thing you need is to be taken advantage of and left in a worse credit mess than you were previously. Whether you choose to work with us at Praxis Credit Consulting, or with another credit counseling service (though we really hope you choose us) there are a few important aspects of a counseling service you should consider.
First, do your research
Welcome to the age of free and easy to access information! Simply Google searching any credit repair service you may be considering will help shed a decent amount of light on the type of company you may be dealing with. See if there are past customer testimonials or client reviews available to read. But don’t stop here. Check with your local Better Business Bureau to see if they are a member as well as their current rating within the Bureau. To be very safe, you may want to check with your state’s Corporation Commission to see if there are any legal actions pending with this company.
Feel free to check us by the way, I hope you do! We’re squeaky clean.
Read the fine print, seriously
Once you’re feeling comfortable enough to make an appointment or give them a call, be sure that you read any and all disclosures or contracts being presented to you. Take a few moments to read through what you are agreeing to before you sign it or you may be sorry later. Additionally, all credit repair service companies are required to give you a copy of a disclosure known as the, “Consumer Credit File Rights Under State and Federal Law” disclosure. If one is not provided be sure to ask for it, and ask yourself why it wasn’t provided in the first place.
Feel it out
While this may sound a little hokey but consider how you feel when you talk with a particular credit counselor. If you feel you are being sold-to, or your concerns are not truly being heard then it is probably best to move on. Don’t be afraid to ask questions; particularly how they plan to repair your credit and how much it will cost.
Due to federal laws, a credit repair organization is not allowed to collect any upfront fees.
If you see any of these red flags it is probably best not to risk it. A little bit of work ahead of time could save you a massive headache in the future.
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