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Evaluating Credit Repair Companies

Evaluating Credit Repair Companies

You hear so much about credit repair companies that when your plagued with problem credit you are very tempted to seek their help to solve your problem credit. However,making a good choice may not be so easy, because you will find that evaluating such companies in not such an easy task! Because they are service oriented, there's no physical product to evaluate, and the trial-and-error method is ... well, completely out of the question!

Here are three points that you should look into before making a decision. These indicators will also keep you safe from being cheated by unscrupulous credit repair companies that aim only at using your desperation to fleece you of your money.

1. Quality Credit Repair Companies Are Members of Reputable Regulatory Bodies

Just as any legitimate business, a professional credit repair agency will affiliate itself with reputable organizations such as theECRA. The affiliation would have these companies abide by certain business codes, that provides protection to you the consumer.

Check out whether the company you are planning to choose has any affiliations. What are they? But don't stop there - go one step beyond and check whether these regulatory bodies are indeed what they claim to be. Research on the Net and get the complete picture.

2. Reputable Credit Repair Companies Will Provide Good References

It's always expected that a good local credit repair agency would have a fair amount of verbal positive feedback from local people. This is a good bet that the company is legit. However, do not trust them with improving your credit report just on the basis of hearsay.

Ask them to give you the some references from previous clients who they worked with satisfactorily and then follow up with a visit. Most people will be happy to discuss their experience with the company. Ask them about their level of satisfaction, and whether they would recommend the company.

3. Honest Credit Repair Companies Do Not Sell You Shortcuts

In credit repair there are no shortcuts. You cannot snap your fingers and have your credit report changed for the better, nor can you make your bad credit disappear.

Be wary about credit repair companies that promise immediate results. It is likely that they are lying or that they are using illegal means. Don't be misled because this could turn ugly. Stick to the legit way to improve your credit rating and in the end you will be the winner.

As you can see, it is not too hard to choose the right one from among the many credit repair companies that you find on and off the Net. Just keep in mind that it is better to be slow yet thorough in the beginning, than to hurry the process and then regret it later.


  1. First check with the ECRA to see that they are a member in good standing
  2. Make sure they do not have any open and unresolved disputes
  3. Read the following report on "The Danger Signs to look for in a Credit Repair company" (you will get the report immediately after signing up for the newsletter at the top right)
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Evaluating Credit Repair Companies
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