Top 3 Things To Look For In A Credit Repair Company Online

If it's been some time since you reviewed your credit report, you may be shocked to find errors, mistakes or black marks on it. Thankfully, Credit Repair Companies can help fix those mistakes and erase those black marks; just be wary of scammers by following these tips for selecting a reliable Credit Repair Company:

Don't pay anything upfront.

Avoid Credit Repair Companies that require you to pay before they meet with you. Reputable companies will first talk with you, assess your credit report and discuss your current situation before asking for any payment. An up-front fee is often indicative of how quickly they'll take advantage of you; no matter the charge is reasonable if they claim it'll cost thousands, look for another Credit Repair Company instead.

Be wary of "re-inventors".

Some companies claim you can clean your credit slate clean by "re-inventing" yourself with a new social security number, but this isn't always the case! In most cases, what they intend to do is obtain you an Employee Identification Number (EIN), which looks just like your social security number and instructs you how to use it as such. Unfortunately, this practice of "file segregation" is both illegal and fraudulent - avoid any credit repair company suggesting this method!

Look for one that helps you improve yourself.

A reliable Credit Repair Company will inform you (free!) of what actions you can take to correct errors on your report. Be wary of any Credit Repair Company that encourages you to engage in illegal or unethical behavior--like disputing legitimate charges and fees on your report.

Before signing up with any Credit Repair Company, make sure you consult the Better Business Bureau first. They keep records of any formal complaints against a business so you can avoid scammers and rip-off artists.