Credit repair help is a company that offers services to increase your bad credit score. As there are various companies offering to repair your credit you may be wondering which one is right for you? Before we answer the question let’s define our problems first.
Almost all of us have some sort of debts like a credit card bill, or a mortgage. If the debt properly managed, you will keep up a good credit rating. But if you fail to make timely payments towards your loans — or worse, you let them go in default — you will find yourself stuck with a bad credit rating. Fortunately, there are many ways to clean up your credit and one way to do this is work with a credit repair help service.
Credit Counseling vs. Credit Repair
Credit counseling is performed by non-profit agencies, and is not to be confused with for-profit credit repair companies. A credit repair company will quickly fix your credit. They’ll direct you to get your credit report and challenge all negative items on it — almost all things that you can do yourself.
A credit counseling service will only offer advice. To deny that rebuilding your credit rating will be a long process requiring time and discipline is to do yourself a disservice, and a credit counselor will help you make the long-term plans and decisions you need to to effectively repair your credit.
Most good credit counseling services will give you advice and workshops, as well as educational materials. They will help you learn to both make and stick to a budget, which over the long-term means credit rating improvement. They will also be able to give you one-on-one counseling, so you can learn to make good financial decisions.
Which Credit Repair Help is Right for You?
Depending on your debts complexity and how fast the results you can fix credit by hiring a law firm that specializes in credit report repair or hiring a credit counselor.
The problem with credit repair services is that they are reputable for being scams. If you are considering hiring one of these services stay away from the company who ran an ad in your local newspaper with a local number. Go for a lawyer that specializes in credit repair instead. Hiring a reputable attorney can quickly fix your credit, which will be very helpful if you plan to apply for a loan in the near future.
If you are aiming for a longer term impact to your credit standing then a credit counselor can offer the kind of service that a credit repair company will avoid. Working with a debt counselor can help you make a budget and developing new habits that help you stick to it.