If you will try to be very cautious, you will find some top credit repair companies that are effective and legitimate. As a guide, a legitimate credit repair firm makes use of the dispute process under the Fair Credit Reporting Act. This is the sure way to deliver positive results.
The legitimate top credit repair company will not easily give you a guarantee of good results. If the company you found does say so, then that allegation should be a warning signal that it may not be a legitimate one. Furthermore, the real company will even go to the extent of promising refunds if the expected result does not come. This statement of refund is even a better form of guarantee.Checkout CreativeFinances for more info.
Choosing between new and old credit repair firms
Because of the high demand for good credit repair companies, many such enterprises mushroomed in the market. Should you hire an old or a new company? Both have their pros and cons.
-Old company – This represents the expert and the experienced people. The existence of the firm for several years is proof of legitimacy, effectiveness and deliverance of results. Otherwise, it will not retain its stature as one of the top credit repair companies. But then, as it has more clients, you may be made to wait in a queue before your case is acted upon.
-New company – As new, you may be reluctant to hire its services. It has no solid proof of being in the list of top credit repair firms. If this company is dead set in the market rivalry, it will give you the personal and swift service that is hardly found in an old company with many customers.
Fees of good credit repair companies
The choice between the old and new company becomes a personal preference of one who is undergoing bad credit rating reputation. What about the fees being collected by the company? Can you afford the fee of the old company which is surely more than what a new company collects? Most of the top credit repair firms that had been in existence for several years charge the fees on hourly rates. Others have another scheme of fees where you pay for every item in the credit bureau’s report. As the repair can take a longer time, the firm may charge you on a weekly or monthly basis or perhaps a combination of the different modes.
It may be hard to recommend to you on the choice of top credit repair companies. As you are the one in need of the service, do an examination of your budget. This is the first consideration so go and search asking for the range of fees.