3 Things To Look For In A
Credit Repair Company Online
By
Carrie
Reeder If it's been a while since you've looked at
your credit report, you may be surprised to find errors,
mistakes, or even a black mark or two. Fortunately, a Credit
Repair Company can help you fix those mistakes and erase those
black marks. Watch out for scammers, though, and choose a
reputable Credit Repair Company with these tips:
Don't pay anything up-front
Avoid a Credit Repair Company that wants you to hand over a
fee or payment before they meet with you. Reputable companies
will first talk to you, assess your credit report and discuss
your current situation before asking for any type of payment for
their services. An up-front fee is a red flag that the company
will probably take your money and run. And no matter what type
of charges you may incur, be sure they aren't exorbitant. If a
Credit Repair Company claims your case will cost thousands of
dollars, look for another one.
Watch out for "re-inventors"
Some companies will tell you that you can wipe your credit
slate clean by "re-inventing" yourself with a new social
security number. But that's not true! In most cases, what they
plan to do is get you a new credit report by applying for an
Employee Identification Number (EIN)--used by businesses--which
resembles a social security number, and you're told to use it as
such. But this practice, known as "file segregation," is a scam,
and it's also illegal! Avoid any Credit Repair Company that
suggests this practice.
Look for one that helps you help yourself
A good Credit Repair Company will tell you (for free!) what
you can do yourself, such as writing letters to creditors and
contacting the credit reporting bureaus about errors. Avoid any
Credit Repair Company that encourages you to do anything illegal
or unethical--such as disputing a legitimate charge or fee on
your credit report.
Before signing up with any Credit Repair Company, make sure
you check with the Better Business Bureau. They'll have records
of any formal complaints against the company, so you can avoid
scammers and rip-off artists.
Carrie Reeder is the owner of
http://www.abcloanguide.com. View her recommended sources to
help you repair your credit.
View her recommended sources for a free credit report online.
Also, view her recommended online companies to help you with a
debt problem.
Article Source:
http://EzineArticles.com/?expert=Carrie_Reeder
