Credit Repair Company - Are they Trustworthy?

By: Justinhazler
Many credit repair companies make bold claims to fix your credit report. They claim that no matter what the individual's credit problems are, the company can fix them. Is this true?

No, fraudulent credit repair companies exist and take advantage of individuals with a low credit score. It is rumored that the fraudulent companies take millions of dollars from consumers annually.

This is done because when your credit is bad you are in a vulnerable position. You can pay high fees and interest or you fix your credit history.

What about guarantees? When a credit repair company makes a guarantee you should use extreme caution. This company is probably a phony and only interested in collecting money from you, not actually repairing your credit.

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 researching credit repair companies look for warranties and refunds rather than guarantees. Take the time to see what old customers have to say about the company and the results they experienced.

Credit bureaus rarely investigate dispute requests because it costs the bureaus money. It also goes against the goal of the credit bureaus. This is to provide lenders with a measurable value on the likelihood of the individual repaying on the credit line.

If your fed up paying high interest for a mistake you made in the past, then you should repair your credit. Good credit repair companies can make the credit bureaus investigate disputes on your behalf. Lexington Law firm is an established and trusted credit repair company with thousands of satisfied customers.
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