You might be struggling to successfully rent an apartment, get a personal loan, or qualify for a credit card in case you have poor credit. The credit repair companies often tend to promise to make you an even better applicant by improving your credit in return for a minimal fee.
How can you verify a credit repair company?
You can verify a credit repair company by looking up customer reviews, analyzing and understanding what they are capable of, and asking them the right questions. Doing your research beforehand not only helps to save time but also helps to save money and all the unnecessary stress that you might face.
Some red flags that you should look out for are:
- Sounds too good to be true
Promising to get rid of the negative and at times, an accurate item is an important red flag that shows that the company is not legitimate. Another such red flag can be a claim saying that the company can increase your score, especially when within a short frame of time. Every performance guarantee must be given in writing. If not, it violates the Credit Repair Organizations Act.
- Unable to answer questions
If the credit repair company tries to dodge questions relating to their prices or services, it might be a sign of their illegitimacy.
- Asks you to misrepresent information
Legitimate credit repair companies will not ask you to misrepresent or misreport your information or yourself ever.
Credit repair companies offer to review credit reports and address the negativities with the creditors and credit bureaus on your behalf. To know more, check my site.