If all you knew about credit repair firms had been gleaned from how they’re portrayed in the press, you’d probably have a very low opinion of them. It can be difficult to find good credit repair companies. So here is some guidance.
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Some people think that anytime a company gets mentioned in the news it is because they are being investigated or shut down.
After a while, you’d start to think that there is no such thing as a legitimate credit repair organization.
There are problems in the industry.
Too many people out there are preying on desperate consumers who will do almost anything to get a good credit score.
When these businesses get shut down, it is a good thing.
When media outlets warn people of the things to watch out for so they don’t become the victim of a scam, they are providing valuable info.
But where the media fails us is by never portraying the positive side of credit repair.
You never hear stories from those that have had success.
You never get to read about the life-changing results these companies have made for consumers again and again.
It’s a shame.
The simple fact of the matter is that for every story with a shady credit repair company, there are dozens more helping people who’re lives were completely turned around.
Rather than telling both sides of the story, the press focuses entirely on the negative.
But it goes beyond that when talking about good credit repair companies.
It’s common to find a story where someone has responded to a telephone advertisement or a flier promising to restore their credit, paid the company thousands of dollars up front, then get nothing in return.
Granted, this is a terrible thing and the people behind such a racket ought to be held accountable.
But how these stories invariably get reported is a disservice.
These news stories almost always follow the same format.
They start by saying the who and what.
Company A has been shut down for duping people out of money.
But then the stories always devolve to the normal anti-credit repair messaging.
About how companies cannot do anything for you that you cannot do yourself (accurate, but they’re probably much better at it).
Accurate information must remain on your credit reports and the way disputing errors is as simple as filling out a form on the credit bureaus’ sites.
It’s due to these news stories end up that so many people get turned off from credit repair.
Yet, the simple fact of the matter is that the firms these articles have little to do with good credit repair companies.
There are legitimate credit companies you can use to gain peace of mind.
Since the best credit companies are promising to clean up individuals’ credit it can help you get your personal finances on track.
There are some things you can do yourself and other things that you cannot do yourself.
But when credit repair is involved, it becomes an issue with finding the right companies industry who will be there long-term.
It’s difficult to have confidence in service once you hear so much negative news.
However, using a credit repair business may be one of the best financial decisions you make.