About Professional Credit Repair Services

Everywhere you look; you will see many advertisements for professional credit repair services. Not all the businesses running these advertisements are reputable. Some provide legitimate services, while some others are frauds and simply take advantage of a person’s lack of knowledge of their rights as consumers. Being in debt can leave you feeling like there is no one to turn to and completely stressed out. However, you do not have to handle your debt problems alone when you can turn to a professional credit repair service for help. There are professional credit repair services nationwide to help you with your debt problems.

Having a heavy debt load is an overwhelming and stressful experience that causes the debtor to have difficulty sleeping, mood swings and depression. Help is available to aid in resolving debit problems, but before you look for help examine your situation. Ask yourself can you handle your debt situation on your own or do you need the help of a professional credit repair service. If you are incurring credit card fees, a professional credit repair service can help you out of a difficult situation.

Always investigate the professional credit repair service before you provide any information. The Federal Trade Commission website is a good source to use to find information about selecting a professional credit repair service. Always inquire about the fees involved, even if the agency states they are a non-profit organization. Look for a legitimate agency on the National Foundation of Credit Counseling website and also look at the Federal Trade Commission website for professional credit repair services with complaints.

 

During the interview process, a credit counselor will inquire about your income and total debt in order to help you. Always be honest when you provide the agency with information, because they use this information to determine whether you can afford the monthly payment they will negotiate on your behalf. After the agency has successfully negotiated a payment with your debtor, you will pay the agency the monthly negotiated payment, and your creditors will stop calling you for payment. The counselor will also go over your credit report with you. A person whose credit report contains damaging entries may wish to dispute these derogatory items. Sometimes the person may not feel comfortable enough to do it himself, while at other times, he may have tried in the past but could not have them permanently removed. If you find yourself in this position, you may consider using the services provided by a professional credit repair service. This type of business will contact the credit bureaus and then dispute the derogatory notations on your behalf.

Their Fees

The professional credit repair service usually charges a fee for their services. They may charge a one-time setup fee and then a specified monthly fee for the period of time that they are handling the credit repair process. This professional credit repair service can sometimes fix the problems you have with your credit report.

How They Do It

The service provided by the professional credit repair service is something you can do yourself. They simply take advantage of the law provided by the Fair Credit Reporting Act. If you become familiar with this law and the rights given to you by this law, you can erase bad credit, establish good credit and boost your credit score without spending your money for expensive professional credit repair services. All you need is the knowledge of the law and your rights as a consumer and of course, the willingness and commitment, and you can accomplish this feat on your own.

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