While you are shopping around for the best program service for your particular needs, remember to ask all pertinent questions. Before making your decision, be sure you are able to obtain information from reliable sources, such as the Better Business Bureau Report, etc. This is how you can weed out companies and service providers that are questionable.
1. Don't use a "Credit Repair Company". There are many individuals who are seeking "Credit Repair"
because they heard they can pay someone a fee and they will delete their negative information that is on their credit report in a matter of days or weeks. Credit Repair Companies usually unlawfully charge a very large sum of money in exchange for this promise. What you, as a conscientious individual,need to know is that this is an illegal practice. Only inaccurate negative information can be removed unless there is a technicality that can be found where your credit has violated your consumer rights. These Credit Repair Companies are not in the business to investigate and determine such technicalities; they are only seeking to remove negative items from your credit report either through a "confidential contact" or source in one of the bureau agencies, or they will prepare written letters advising the bureaus it is inaccurate information reporting and request them to delete it [even though it is legitimate]. What happens next is the heartbreaker for those who paid for this serive. The original creditor, when they are not paid; have not been able to contact you for payment; they will conduct an asset search and pulls your credit report, finding that the item has been deleted. Because legally they cannot report what has been deleted, they will sell the debt to another debt collector can report it under their name who will now seek to recover the debt in their behalf. Either way, the creditor is going to seek to be paid. The Lending Industry is aware of the tactics people are seeking to use to avoid their responsibilities in fulfilling their financial obligations. There is a legal and ethical way to become debt free and credit worthy. We can show you how!2. Ask if the company is apart of Consumer Credit Counseling Service (CCCS) or if they are a
Consumer Credit Counseling Agency. Reason? Once CCCS takes over your accounts, they will report to the credit bureaus that you are going through their program. It reports "CCCS Account", or "Consumer Credit Counseling". Unfortunately, your future lenders will view this and determine that you are incapable to manage your own bills, and see it no different than you filing a Chapter 13 Bankruptcy. This will also reduces your credit scores even more. 3. Check to make sure that the company is listed with the Better Business Bureau and has a good
"Report Card". Click the link and type in their company name and city; or call the bureau and provide them this informaiton and request information on their rating report.4. Get references of other Client's who have experienced or currently receiving services through such
program. Every quality business should have references who can share with you their own experience of the product or service. 5. Make sure you are not being pressured from any other source to apply for a loan or credit when your credit
profile has outstanding collections, charge-off's, judgments, etc. without first addressing those issues. Why?
