The first is that credit repair companies will proactively take charge of your situation. These are dedicated, trained, and highly experienced professionals who have prior working relationships with both the credit bureaus and creditors and who possess a track record of resolving consumer credit issues.
Secondly, using the credit repair organizations saves you huge amounts of time. The process is typically both tedious and demandingly long. Knowledge of a number of laws and back and forth communications will be required on every single item that you question on your credit report. Some scenarios may even involve you having to challenge original creditor claims, or to deal with collection agencies, the big three credit bureaus, or all of these groups together.
When you pay for this important service, you give authorization for the pros to handle your credit reports, obtain information, write the letters, keep the communication records, and handle all of the considerable follow up work. This frees up considerably your schedule and takes the worry from your mind.
Remember a third reason in that these repair services are expertly versed in and knowledgeable of the relevant credit laws. This helps them to obtain the improvements in credit reports that you are seeking. They know how to work the laws and system for your benefit.
Credit repair services understand how to operate under the FCRA Fair Credit Reporting Act, the FDCPA Fair Debt Collections Practices Act, the FCBA Fair Credit Billing Act, and various other consumer protection laws.
Finally, you will reap longer term gains by paying manageable monthly fees to credit repair companies over several months. If you use a company which provides results in repairing and boosting your credit, this will continue to save you money for the rest of your financial life.
Every time you take out a mortgage or a car loan, your interest rates will be lower, leading to significantly less interest paid out over the life of your loans.
Spending the money today to better your credit score will eventually pay you back handsomely versus those who do not take the time to address inaccurate and unsubstantiated credit report data. It may even lead to better apartment rentals and job offers in the future. You simply can not afford to put off or ignore entirely improving your poor credit.
With 79 percent of all credit reports riddled with mistakes, it is entirely in your rights to have the big three credit bureaus prove the data or remove it entirely.