If you have bad credit, chances are thinking about ways to repair your damaged credit. Most people hire credit repair companies to fix their credit. But what are the best questions to ask credit repair companies? What are the best credit repair questions? Let’s talk about what you should ask a company you hire to fix your credit so that you will make the best decisions possible.
What is Credit Repair
Credit repair works best when credit repair companies request and review your credit report from the major credit bureaus, then they create and execute a proper plan to fix any discrepancies found on your credit reports and recommend other ways to improve your score. Legitimate credit repair companies can help you remove inaccurate information from your credit report, which may be damaging your credit score.
What Questions to Ask Credit Repair Companies
When searching for the credit repair company to clean your report, you want to find out several items before you give them your money. Here are several of the best questions to ask credit repair companies when you hire them:
Is credit repair illegal?
Credit repair is not only legal, credit repair is your right! According to the Fair Credit Reporting Act, you have the legal right to have your credit file only show up to date and accurate information.
How do you wipe my credit repair clean?
Some, not all credit repair companies file disputes and wait for the credit bureaus to miss a deadline. When the deadline is missed, the credit repair company then demands that the item be removed from the bureau. Other credit repair companies, the legitimate ones, find out the inaccuracies on your credit report, and then file paperwork, a 609 letter, to get the inaccurate items removed.
How long does it take for credit repair to work?
The credit repair process takes about three to six months. It takes about that long to resolve all of the disputes that the average consumer needs to make to repair their credit. If you only have a few mistakes to correct on your credit report, or you repair your credit every year, the process could be complete in as little as 45 days.
Do you charge upfront for credit repair services?
Credit repair doesn’t cost anything if you handle the process yourself. If you hire a credit repair company to assist you, you will typically pay a fee of $19 to $149 per month. There is nothing a credit repair company can do for you that you can’t do for yourself. And it is against the law for a credit repair company to charge you for credit repair services that you have not used yet. They cannot charge up front, only after services have been rendered.
What is a 609 loophole?
609 Dispute Letter is often billed as a credit repair secret or legal loophole that forces the credit reporting agencies to remove certain negative information from your credit reports
Can I fix my own credit for free?
Of course you have the ability to clean up your credit! You can start by reviewing your credit reports. To get free copies of your credit reports, you order a report for free once every 12 months from each of the three credit bureaus at AnnualCreditReport.com
How do credit repair services work?
Credit repair services review your credit reports and work to remove negative information, this includes disputing inaccuracies with the credit bureaus, disputing inquiries and some credit repair services assist with negotiating debts. As the negative marks disappear from your credit file, your credit score will then improve, allowing yourself to become more creditworthy.
Ask the Right Questions. Get the Right Answers
When you have the right questions to ask credit repair companies, you can make an informed decision if the credit repair company you are considering is the right one to help clear up your credit issues of the past.