Smart credit management is a key to financial freedom and the various credit repair agencies are doing their job sincerely. But it’s also a fact that when many options are given, people can’t choose the right one and failing to do so make them exposed to various frauds, making the situation even worse. Credit management is a serious issue and the following tips will help you choose and judge the best credit repair agencies, so that you actually overcome your bad credit.
Written Documents
Always check the written documents and contracts before opting for any credit repair service. According to the federal Credit repair organization act, the credit repair agencies (except non-profit organizations) must give written documents of the offer before any agreement is made. So make sure that the agency you have opted for is following the procedure mentioned as it is the first step to judge the authenticity and quality of the agency.
Do not pay money before the work is actually done
No company can ask for payment before the work is actually done as this is totally unlawful. Always pay the money after you get your revised credit report issued by the credit bureau after six months of the correction made.
Self correction of credit report
It is unknown to many but you can actually rectify the mistakes in your credit report and the credit reporting agencies will guide you on that, without any fees. You can also get another copy of the report, free of cost.
No one can correct any negative item
If there is any incorrect information in your credit report, then you can rectify those. But remember that no agency can remove any negative item from your report if the information is accurate. It is infact unlawful. So if any agency promises you to remove all the negative items from the report, then think twice before going for that agency.
2 comments:
hey,
Great article tips. One can never be too careful when choosing a credit repair agency. Especially in this economic climate, its easy to let your emotions overcome reason.
C. Wright, Financial Cancer Specialist
GoodCreditApproval.com
Thanx a lot for the tips mate. Your blog looks better after the makeover.
I have removed the followers widget from my blog and installed the friend connect one instead. Perhaps you would like to join me on google friend connect.
I changed the blog template and lost all widgets. Gimme a couple of days and I'll get my blogroll back. Ofcourse ur blog wud be on it.
Keep blogging.
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