Some credit repair advice: think over the costs and benefits of hiring a credit repair agency.
You’ll save a monthly fee you would pay an agency by doing it yourself. You’ll know exactly where you are in the process at all times when you send a letter or make a call. If you make all your own contacts, you’ll be able to provide the personal touch to make it all that much more believable. Nothing screams agency like a form letter with no details.
Repairing credit yourself is the most flexible. If you want to wait, you can. If you’re ready to act, you can. You can make the decisions an agency might have to call and ask you about anyway. For example, if you see a charged off account that’s 6 years old, it might make sense to leave it alone rather than dispute it since it will fall off anyway after 7 years of inactivity.
You should consider hiring an agency if you’re short on time, have the extra money and don’t want to be bothered to manage your finances. Also, if you struggle with low self esteem and couldn’t bring yourself to call your credit card company on the phone, then an agency is right for you. Chances are though that no one fits that description. Like maintaining your personal health and raising your own children, your finances are something you should attend to yourself.
If you’re not sure what to do, there is more credit repair advice online than you could ever need. The challenge is figuring it all out and putting it in order. My advice is to find a reputable book or course that puts all the pieces together for you. Learn from another person’s experience and save yourself the time.
Using An Agency
Chances are, a credit agency will do exactly what you could do. They’ll send letters. They might give you credit repair advice to close or open lines of credit. They’ll probably tell you to ask for better rates. You’d probably feel more secure knowing someone was working on your behalf.
The experience many consumers have had is that credit repair agencies take your money and then simply send out a form letter for you. It’s possible the reporting agencies see the letter and reject it based on vague information. Nobody likes being spammed with generic letters.
Then you’ll wonder what’s happening as the credit repair agency collects a monthly fee month after month. While you’re waiting there will probably have been some other things you could have been doing to improve your credit if you would have known.
My recommendation is to do your own credit repair. Spend a little bit of the money you’d give an agency and get yourself a good book or course. Your financial future is up to you.
Fix bad credit! Do your own credit repair without an agency. Visit www.creditrepairsecrets.org for free credit repair secrets.