home loan finance blog
Credit Repair Attorneys:
Many times, when consumers are behind in their payments, lenders are the first contact to be made for a lending source to give them more money to deepen the situation. Most credit repair attorneys will offer people a free consultation initially in order to help them see if they actually need professional assistance or not. Some people might think that a credit attorney can charge a lot more than a credit counselor or other non-law firm affiliated organization, because they may do a lot more. Do a little research you can see that credit repair attorneys dont do that much more.
You can be charged up to $1,000 or more from attorneys and other professional credit repair consultants for the same credit repair information, that you can find either free or for hundreds and hundreds of dollars less. Why give all your hard earned money away and pay attorneys or these other companies hundreds or even thousands of dollars to repair your credit when you can use their letters and do it yourself, for pennies.
Credit Repair Clinics:
Over the past decade or so, many Credit Clinics aka Credit Repair Companies have boomed up across the US. They mainly try to help the individuals remove incorrect and/or negative items from their credit report. Unfortunately, like lots of things in the world some of these companies are scams from the get go. These companies take consumer’s money and then tell them it will take months to see any results. Then, those companies who have your money disappear into thin air.
There is no way to “Guarantee” that ANYTHING will be removed from the credit report! So,If the sales person or company uses the word “Guarantee” move on and don’t look back! There is no way to “Guarantee” that ANYTHING will be removed from the credit report! How is a company going to guarantee the get information removed off the credit bureaus files? No way possible unless something illegal is going on. NO company other than the credit bureau can remove or delete anything from your report.