You find yourself in a financial jam and your credit score is plummeting fast. What do you do? In all probability you will look for ways to repair your credit score in the fastest way possible.
A quick search on the Net will give you a huge database of resources with various methods to help you do it yourself. You will also get information about credit repair agencies for assistance in this task.
What should your choice be?
Self-help Vs Credit Repair Agency --
If you ask anyone who chooses self-help over credit repair agency services why they made this choice, the answer will be, "I was afraid I would be cheated." More than 96% of the people who avoid credit repair advisors do so because they fear that they will be courting more trouble than help.
Self-help with credit repair is entirely possible. Many people do it. However, be warned that this is a time-consuming job that requires sustained follow-up and continuous monitoring. The task is cumbersome and quite frustrating. This is why hired help is better.
That brings us back to the topic on how to ensure you are not cheated. It's surprising how many people fall prey to unscrupulous credit repair agencies. The overall picture looks like credit repair agencies in general are taking people for a ride and fleecing them of their earnings at the slightest excuse.
This is just not so. If you take a closer look at the profile of people who are cheated you will find a completely different picture.
You Are Asking For It
Is this shocking? Well, it's true. The profile of people who are cheated by credit repair agencies are often those who are desperate to climb out of their situation and need to improve their credit score quickly. At the same time it's common knowledge that the credit score is an amalgamation of your credit history.
The keyword here is "history." You cannot fast-forward history; neither can you interfere with it. You can just build on it, and that definitely takes time.
When you ask for quick-fix credit repair you are setting yourself up to be cheated. Credit repair can be done before 6 months are passed. This too, needs concerted efforts on your part as well as that of the credit repair agency.
When you are looking for miracles, which you know is not feasible, you are indirectly asking for trouble. Your desperation makes you an easy target for victimization, because you want to believe the unbelievable. Why should you be surprised then, when you are cheated?
Choose Wisely; Be Realistic
Settle only for reputable credit repair companies - those that are affiliated to national/ international level regulatory bodies such as the ECRA - and you will never fall prey to scams. Look for quality services and enjoy the privilege of being escorted out of financial trouble by professionals.
Try it. It's not as difficult as you think.