Credit Repair Company - What They Really Can and Can Not Do

By: Justin Hutto

A lot of credit repair companies say they can fix any credit report. All the person has to do is hire the company and their credit problems are fixed. Is this true?

Unfortunately no, it's not. There are fraudulent credit repair companies that prey on people with bad credit. It is said that fraudulent companies have taken over 50 million dollars from the consumers.

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 results be guaranteed? No and when a potential credit repair company makes a guarantee this is a big red flag indicating that company to be fraudulent.

I would not recommend hiring any company that makes any guarantees.

However there are credit repair companies that can be trusted. They will fight to repair your credit and are typically more effective than an individual. This is because they are familiar with the credit bureaus and how the bureaus try to avoid conducting investigations into disputed listings.

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.?

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