Well in a way, it is. This is meant to be an insight on the repair of bad credit and the best way to go about it. This world is full of wise guys wanting to take advantage of your situation, so beware!
So, What’s It All About?
When you have bad credit, you must call for help. It’s the soundest measure, instead of believing that there’s nothing you can do about it. Credit can be repaired basically in two ways: Hiring a professional or company to do it for you, or doing it yourself.
The Do It Yourself Method
To begin with, around 35 per cent of the information the Credit Bureaus have, is incorrect. Faulty communications, typos, wrong name or whatever. All this contributes to give you bad credit, when in reality you have actually done very little towards these bad records. Some of the information is outdated and even due to identity theft.
It All Boils Down To…
It all boils down to sending the correct letters for each case, with the accurate information, which the Bureau will accordingly verify and correct. These documents are the ones that the experts use and are legally correct, so you can send them by e-mail or print them out and send them by ordinary mail or hand them in personally. Suit yourself.
Is There Any Catch?
The only snag that could come up your way, is your own doubt, misunderstanding of the instructions, or simple human error, mostly out of lack of experience. Our suggestion is to be extra careful and if you have any doubt whatsoever, seek an expert, who knows his way about bad credit repairing and will give you the best results.
It may mean a higher cost, since you have to add the expert’s fees to the cost of the kit. That way, the expert will make sure you don’t make any mistake and the kit instructions will make sure the “expert” doesn’t want to fool you, taking his fees from you and doing an incomplete or faulty job.
Are There Any Official Agencies That Do This For Me?
I wouldn’t call them official, but they certainly are approved. There are legitimate agencies and of the other kind. Open your eyes and look out for the legitimate. If you check on Internet, find out if they have an official physical address.
Word of mouth is a good way of knowing about an agency’s reputation, say, through accountants, attorneys or even friends. There’s always a friend of a friend who knows well enough.
So, as a wrap-up, let me tell you that whichever way you carry out your credit repair, make sure you’re treading on firm ground. There’s nothing better than a good preparation for whatever you do, especially if the financial security of your family is at stake.
Kate Ross is a professional consultant at Speedybadcreditloans.com Smart tips and interesting articles on this subject and other financial related topics can be found in her website