Good Credit Repair Service – 5 Tips on Selecting a Good Credit Counseling Service
Is it time for you to find a good credit repair service?
Credit counseling is undoubtedly the most popular debt relief alternative approached by millions of families who are facing debt problems.
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However, not all good credit repair service offers are legitimate.
There are bad companies who provide little or no real counseling .
Instead, they are in business simply to make money from debtors who have suffered financially by getting them to join with a debt management program that accompanies huge hidden costs.
Unfortunately, this makes their debt situation worse.
Therefore, if you are deciding to approach a good credit repair service to help you in resolving your debt problem, here are a few tips to help in your choice:
Tip #1: Proceed if you are asked to sign up a debt management program
When you approach a credit counseling service, a credit counselor will be assigned to work with you.
He needs to get understanding in your debt situation and your budget first before he proposes a solution that fits your financial situation.
Afterwards, the credit counselor may want you to sign you up to a debt management program after understanding your debt & financial situation.
It is okay to proceed in this situation after you have received some support.
Hint #2: Read the contract carefully
Don’t put your signature on the dotted line of a contract until you understand what has been written in full detail.
You have the right to ask the credit counselor to provide with copies of the contract and return home to read the contract thoroughly before signing up.
When you go through the contact, ensure you understand all of the fees involved.
Such fees could include registration fees, monthly charges and extra fees per account.
These hidden fees can add up to the large lump sum and may cause your debt worse.
Tip #3: Make sure the credit counseling agency works with all your creditors
A good credit repair service and credit counseling firm works with many lenders, yet some may be excluded from their list.
Therefore, make sure they work with all the creditors on your list so that a debt management program can cover all of debts.
Tip #4: The support is not free
Many good credit counseling services are operated under the name of the non-profit company.
With the objective of educating and advising debtors on the best way to resolve their debt issues inappropriate way.
However, don’t be fooled by the “non-profit” status and think the service is wholly free.
Even though it could be free in counseling and education portion, there’s a monthly fee if you choose to and you always advise to enroll in a debt management program.
It might entail a signup fee and other expenses, so be careful to read the terms and conditions before signing up a debt management program.
Tip #5: Check the firm with Better Business Bureau
Although credit counseling can be done online, it’s a good idea to visit the company and talk to the credit counselor face-to-face.
In the very least, check out their website and book a telephone consultation.
Lastly, before you choose a good credit repair service check out the firm on the Better Business Bureau to see if there are complaints filed against the company.
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