5 Tips To Help You Choose The Right Credit Repair Company
Imagine waking up every morning without the burden of financial hardship or a poor credit situation.
As you sip on your morning coffee, you’d be relaxed knowing that if you were faced with an emergency, you could get your hands on the money you needed.
Trouble is, according to CNN Money 76% of Americans live paycheck to paycheck – which is why having a good credit rating is so critically important.
If you have decided to repair your credit rating, you’ve made a wise decision.
Bear in mind, it will take a bit of time and persistence to get yourself back on track – however the peace of mind you’ll gain will be well worth the effort.
Here are a few tips to get you started:
Find a Reputable Credit Repair Company to Help You
Credit repair can be a complicated process. A Professional can give you the advice you need, and help you create a repair plan that is best suited for your unique situation.
For example, at Leaf Credit Solutions we provide full customer support form 9 am to 5 pm (EST) as well as 24/7 online access to a portal that you can use to track your credit repair progress. Our clients receive a money back warranty that protects them if we are unable to help them delete unfavorable accounts or increase their credit score in 90-days.
Avoid Companies That Use Templates and Form Letters
Credit bureaus receive hundred if not thousands of dispute letters every day. To manage this volume, they rely on an automated letter sorter that earmarks form letters and marks them with a lower priority. We prefer to customize every letter we send in order to give our clients faster, more efficient results.
Start Building a Good History of New Credit Accounts
An effective strategy to boost your credit score is to open new lines of credit. New credit accounts will impact your credit score by as much as 30%. We provide our clients with information of creditors within our network that will approve them for new credit accounts regardless of low credit scores or their previous credit history.
Become knowledgeable about the way credit works
For example, we take the time to explain the credit process and educate our clients, so they can avoid the same credit pitfalls in the future. Select credit repair companies with a high rate of success: Far too many credit repair companies simply send out form letters and take your money.
When interviewing companies remember to ask them about their “deletion rate”
The deletion rate is the percentage of negative accounts that are removed from a client’s profile. It will give you a good idea as to how hard they will work for you. For example, we have a 72% deletion rate; which is much higher than the typical 20 to 35 percent of other credit firms.
In a nutshell, there are several credit repair companies to choose from, some are good, some are not. It’s always in your best interest to review their credentials and verify their success.