“I guess I’ll hire one of those credit repair services, maybe they can fix it. ”
It was a real conversation. It came after a friend of mine had tried credit repair efforts on his own, after getting mediocre results, he found there were several accounts that he didn’t want to get removed. The next line of considering was logical, and I’m gambling he’s not alone in this thought development.
Most credit repair ebooks, products, software, and services all basically follow the same generic, cookie-cutter process, and therefore most will experience very similar results. Initial success in the 1st month, and then little to know enhancement from then on.
The most common technique in the marketplace that most ebooks recommend is to dispute the account as “not mine” trying to get it removed. When that doesn’t happen after a few months of effort, the majority of will either give up, or look to an “expert”. “Time to horse up and pay a service that specializes in credit repair”, they think.
So what do you think a credit repair service can do that you haven’t? What “secret” do they possess that may make the difference?
I’d like to share with you several things that you should know when speaking about credit repair services. I’m sorry if this will burst your bubble, but this is entirely accurate of the majority of services represented. Not all, but the majority. My experience is that you simply will generally find the exceptions to be smaller, more individualized companies with a handful of employees at most.
1 . The majority of credit repair services send out generic letters discussing negative accounts, month after 30 days, relying on the original creditors disorganization in reply. One of the most frustrating experiences I put back when I first started our credit repair efforts was once i worked on my reports month right after month, only to be left having a few stubborn accounts. So I employed a professional service to “do their own magic” and was irate while i found out that after three months of generic dispute letters, I still had the items on my record, and an empty wallet. Most what are credit repair services? will employ this tactic immediately after hiring them, and you should be aware of that. Many do not leverage any special laws that you didn’t know about, and in fact can send letters that confront what you’ve already claimed to the credit bureaus.
2 . Most credit repair services may have you do the main work, and undercover dress it as a “credit report review” with you.
Most times you hire a credit repair service, they will initially schedule a review time to go through your own report. The more impersonal ones may even use technology having you evaluation it on their website. Basically, they are going to ask you the deal with each negative account, and why you would want to argument it. Once you give them the reason, they will follow up by sending a letter with the reason you stated. This is nothing more than a personal admin, that enters your reasons into a letter template. Completely frustrating. Again, there are exclusions, but they remain just that.