Here's a piece of credit repair advice: you need to consider the benefits and costs to using a credit repair agency.
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.
Repairing credit yourself is the most flexible. If you want to wait, you can. If you're ready to act, you can. You can make the decisions an agency might have to call and ask you about anyway. For example, if you see a charged off account that's 6 years old, it might make sense to leave it alone rather than dispute it since it will fall off anyway after 7 years of inactivity.
You should consider hiring an agency if you're short on time, have the extra money and don't want to be bothered to manage your finances. Also, if you struggle with low self esteem and couldn't bring yourself to call your credit card company on the phone, then an agency is right for you. Chances are though that no one fits that description. Like maintaining your personal health and raising your own children, your finances are something you should attend to yourself.
Fortunately, there is more information 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.
You'd end up wondering what's happening as the credit repair agency continues to collect a fee month after month. And while you were waiting there will have probably been other things you could have been doing to improve your credit. If only you would have known.
My credit repair advice is to avoid the agencies and spend part of that money on a good book or course. Take responsibility for your own good credit score. - 31377
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.
Repairing credit yourself is the most flexible. If you want to wait, you can. If you're ready to act, you can. You can make the decisions an agency might have to call and ask you about anyway. For example, if you see a charged off account that's 6 years old, it might make sense to leave it alone rather than dispute it since it will fall off anyway after 7 years of inactivity.
You should consider hiring an agency if you're short on time, have the extra money and don't want to be bothered to manage your finances. Also, if you struggle with low self esteem and couldn't bring yourself to call your credit card company on the phone, then an agency is right for you. Chances are though that no one fits that description. Like maintaining your personal health and raising your own children, your finances are something you should attend to yourself.
Fortunately, there is more information 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.
You'd end up wondering what's happening as the credit repair agency continues to collect a fee month after month. And while you were waiting there will have probably been other things you could have been doing to improve your credit. If only you would have known.
My credit repair advice is to avoid the agencies and spend part of that money on a good book or course. Take responsibility for your own good credit score. - 31377
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.
