A piece of credit repair advice: before your hire a credit repair agency consider the pros and cons.
If you hire an agency you'll pay a monthly fee regardless of how much work they do (or don't do). You'll send your own letters and make calls so that you know exactly where you are along the process. When you make all your own contacts with the reporting agencies, you'll provide a personal touch so they know you're a real person the need to work with.
If flexibility is important to you, you'll probably want to repair your credit yourself. Sometimes things come up in life and you need to put your credit repair on hold a while. You can make judgement calls that fit you instead of finding out what an agency did after the fact. For instance, if you see a charged off account that's 6 years old, it might make sense to leave it alone. Most negative items can only be reported for 7 years anyway.
A couple of reasons you might want someone else to work on your credit are that it does take a little time and that you might struggle with self doubt and wonder if you were doing it right. When it comes down to it, credit and financial health are one of those things that you probably shouldn't pay someone else to do. It's like your physical health or raising your children. Yes, you can pay for someone to help now and then but it's ultimately your responsibility.
If you're just getting started, there's more than enough than you could ever need online about how to repair your credit. The challenge is sorting through it and putting it all in order. My advice is to find a reputable book or course that puts all the pieces together for you.
Hiring An Agency
A credit repair agency will do the same thing you can do for yourself. You can send letters. You can read articles on credit repair advice. You can open or close lines of credit and negotiate your rates. On the other hand, sometimes it's nice knowing someone is negotiating for you.
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.
If you're waiting for the credit repair agency, you might be missing out on other things you could be doing in the meantime. When they're being paid by the month, the incentives are stacked against them moving quickly and keeping you informed.
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. - 31379
If you hire an agency you'll pay a monthly fee regardless of how much work they do (or don't do). You'll send your own letters and make calls so that you know exactly where you are along the process. When you make all your own contacts with the reporting agencies, you'll provide a personal touch so they know you're a real person the need to work with.
If flexibility is important to you, you'll probably want to repair your credit yourself. Sometimes things come up in life and you need to put your credit repair on hold a while. You can make judgement calls that fit you instead of finding out what an agency did after the fact. For instance, if you see a charged off account that's 6 years old, it might make sense to leave it alone. Most negative items can only be reported for 7 years anyway.
A couple of reasons you might want someone else to work on your credit are that it does take a little time and that you might struggle with self doubt and wonder if you were doing it right. When it comes down to it, credit and financial health are one of those things that you probably shouldn't pay someone else to do. It's like your physical health or raising your children. Yes, you can pay for someone to help now and then but it's ultimately your responsibility.
If you're just getting started, there's more than enough than you could ever need online about how to repair your credit. The challenge is sorting through it and putting it all in order. My advice is to find a reputable book or course that puts all the pieces together for you.
Hiring An Agency
A credit repair agency will do the same thing you can do for yourself. You can send letters. You can read articles on credit repair advice. You can open or close lines of credit and negotiate your rates. On the other hand, sometimes it's nice knowing someone is negotiating for you.
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.
If you're waiting for the credit repair agency, you might be missing out on other things you could be doing in the meantime. When they're being paid by the month, the incentives are stacked against them moving quickly and keeping you informed.
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. - 31379
About the Author:
Find out how to do your own credit history repair without an agency. Visit www.creditrepairsecrets.org for free credit repair secrets.
