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Credit Repair Companies - Can they Be Trusted?

Jun 27, 2008
Credit repair companies tend to make grand statements about credit repair. They give the impression that hiring the company will fix any and all of the individuals credit problems. Is this true?

No some credit repair companies are outright frauds that swindle people with damaged credit. Experts say these companies have taken millions of dollars from the consumers over the years.

This happens because people with bad credit are often frustrated paying high fees and interest. So they naturally look for a way to avoid these high costs.

Can they guarantee results? No, and when a credit repair company guarantees a result this is a huge warning sign. A guarantee is a good indicator that the company is a fraud and you should not hire them.

Some credit repair companies are legit and can be trusted. These companies will battle to have your negative listings removed and your credit repaired. They are usually more powerful in getting the credit bureaus to respond to a dispute. This is because they are familiar with the credit bureaus and the tactics the bureaus use to avoid investigations.

When looking for a credit repair company, look for warranties or refunds if results don't occur instead of guarantees. Also do your homework and see what is being said about the potential company by other people.

The credit bureaus use stall tactics to avoid investigating disputes in hopes of the individual giving up on the process. They have found this to be more cost effective than to grant investigations. Furthermore the bureaus function is to give a value on the likelihood of repayment based on past behavior.

Credit repair is a good idea if you are sick of paying high fees for a mistake you made in the past. Quality credit repair companies can often get the credit bureaus to act. Lexington Law firm is a trusted credit repair company with 15 of experience and thousands of deleted listings.
About the Author
To learn more about credit repair companies visit us or if your interested in do it yourself credit repair here are some free credit repair letters to start the dispute process.
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