Credit Repair
Credit Repair Information.

Ask Dealers, Vendors And Creditors For Better Deal And You’ll Most Likely Get One

by Jim Eastman
There is a common misconception among the American public that credit repair companies are all scams. And in fact it’s true that some companies take advantage of those suffering from dire financial misfortune.

Fortunately this is, for the most part, untrue. The majority of these companies are rather offering a valuable service to a public that is moving in the direction of financial chaos. People often have no idea they are in financial difficulty until they apply for a loan and are refused because of bad credit. Self-Help Is Not What You Think It Is (continued below)

  • Monitor Your FICO Score with Score Watch

    Keeping An Eye On Your Score Can Be Very Rewarding

    • Two Free Score Power reports, plus discounts on additional Score Power® reports
    • Future Credit Score
    • Daily monitoring of your Equifax Credit Report with email notification of key changes (email / wireless alerts)
    • Access to friendly and knowledgeable Customer Care available 7 days a week
    • Continuous score monitoring and notification when a change in your FICO® score impacts the interest rate you are likely to receive
  • #1 in Identity Theft Protection

    LifeLock Identity Alert™ System

    • Proactive Identity Theft Protection
    • Reduce Credit Card Offers
    • $1 Million Service Guarantee
    • Only $10 per Month
  • Take back control 125x125

    Reputation Defender™ – The Original Online Reputation Management Solution

    • 53% of American adults use search engines to find information about each other
    • 77% of executive recruiters use search engines to research applicants
    • 26% of college admissions officers use search engines to research candidates
    • Interactive Monthly Report

Are You Fearful of Credit Repair Scams?

(cont.)
Yes, it is true that you could repair bad credit on your own. You can also get all the information you need over the Internet, and possibly be successful in cleaning up your credit report. But still it’s important to understand that the process of credit repair requires a great deal of effort. Follow up and correspondence with creditors as well as the credit bureaus is essential.

Reputable credit repair companies provide a great service by saving time and providing convenience. A good analogy would be cooking or driving. The issue is not whether you know how to drive or cook; but by hiring someone else to perform these tasks on your behalf, you enjoy the advantage of saved time and convenience.

The credit repair companies are experts in this field and therefore can ensure that you regain your financial balance much faster and easier than you would have done on your own. It’s not possible to compare yourself – when you are learning about credit report matters on your feet – to these experienced companies that hire and work with people who are experienced and qualified in regard to credit and other financial matters. Credit repair agencies not only help you resolve your debts but provide a valuable service in teaching you how to manage your finances, in order to avoid future problems.

A most important service offered by credit repair companies is counseling in regard to debt management. You could resolve matters with the credit bureaus and creditors; You could improve your score by repairing a bad credit report. But until you can better manage your financial matters, you will still fall into the trap of irresponsible habits. These habits are hidden traps ready to ensnare you when you least expect it.

Yes, you need credit repair companies

It is therefore easy to see why the credit repair business is flourishing in spite of the tremendous backlash it normally receives. They deliver a very important service. Were that not the case, bad credit and high numbers of bankruptcies would have multiplied unchecked. It’s thanks to credit repair companies that so many people are knowledgeable about money management and their financial health.

About the Author
Jim Eastman is an advocate of ethical business practices, especially in the field of credit repair. If you need the services of a credit repair company, always check with the Ethical Credit Repair Alliance at http://www.ecraonline.org