| |
Credit Repair Companies Are Not Worth It
By IJE VALENT FOR ASANIWELLS FINANCIAL GROUP
About 15 years ago many so called credit repair companies have sprung up out of nowhere and claim that they can fix your credit. What consumers should know is that they are taking a 50/50 chance with dealing with these firms. Some credit repair firms are legitimate and can rally make a difference to an individual credit score but most new firms that are springing up now and within the past few years are bogus. They can charge a client upwards of $1000 and then they tell you that it will take anywhere from 8months to 1 year to fix your credit and wipe it clean.
Consumers need to be very weary about such firms and perform a thorough check with the BBB to make sure that the credit repair firm is listed and also to make sure they haven't been under investigation for fraud. Most if not all states require such firms to practice with a "credit services license" which legally enables them to request for and access personal files for the consumer. Some states even go as far as requiring all credit repair or credit services firms to maintain a $250,000 surety bond/liability for 2 years after doing business in the state. If you think about it, a client going to any of these credit repair firms produces all their details and hands them over to a total stranger. This could be a recipe for disaster and could even plummet you further into debt. If you are still in doubt about certain firms feel free to call the state attorney general and inquire about their business practices and if there has been any complaints about the particular company. To tell you the truth all the services that these firms provide can be done by yourself all it takes is the right information. These companies operate under the veil that 99% of the public are clueless about their rights as consumers. Learn more about fixing your credit by yourself at www.1800aaacredit.com.
About the Author
The ASANIWELLS FINANCIAL GROUP is dedicated to helping ordinary people change their lives for better and erasing the stigma of having a bad credit score.The Asani Wells financial group consists of ex-Bureau employees and agency solicitors who have combined years of knowledge of the credit score system into this easy to read downloadable EBOOK. Please visit http://www.1800aaacredit.com for more details.
Article Source: http://www.simplysearch4it.com/article/45717.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/45717.html" as shown above and make it hyperlinked. |
| |
|
|
|
