Are you having a bad credit score or a hard time monitoring your credit services? That’s where a credit repair service comes in handy.
With a clear picture in mind of what you need from the company, you won’t have a hard time choosing one.
Keep reading to find out everything you ought to know before settling on a credit repair service provider.
Let’s get started.
Look at all the features of the repair service. Make sure that the features match what you would want; they vary from company to company.
Check the model of the credit score used; FICO and VantageScore are the standard models. Note that most companies use the FICO model for lending decisions.
2. Customer Support
When making inquiries in various credit companies, listen keenly to their response to customers and potential customers.
How they listen and respond to customers will tell you the kind of company they are and are respectful enough to work with.
A company that has a website is better; on this website, you can ask your questions. Make sure to check if they have responded to other questions before.
Most of these websites have a section about the company where there is a helpline that you can always use to reach them. Now that you are ready to call their helpline, ask all the questions about credit repair you have in mind.
If you are satisfied with the way all your questions are answered, then there are chances that they will give you a reliable credit repair service.
3. Beginner Fee
You ought to ask how much a company charges as a startup fee; this way, you can compare the fee from different companies and the services they provide for the amount.
Contacting about ten companies will give you the range you are supposed to spend on your credit card. The research will help you rule out companies that are charging extremely high startup fees.
The beginner fee mainly includes the amount needed to repair your credit card and the analysis cost of repairing it.
Remember, credit repair scam companies will use this opportunity to obtain your credit details and make payments on your behalf without your knowledge.
Most of these companies charge meager beginner fees, and by the time you get to realize, all your money is gone—enough reason why you should scrap off companies with a meager startup fee from your list.
Keep the focus on companies that charge a reasonable amount as a beginner fee.
4. Service Charges
After discussing the monthly fee with your company of choice, it is time to talk about the service costs.
Most companies charge a monthly fee. Here you need to evaluate the monthly fees just as you did with the beginner fee above. Make sure you settle for an affordable and high-quality package.
Once the company conducts an assessment on the state of your credit card, the monthly fee will cater for the repair.
However, some credit repair service providers like Ebony Credit only charge a lifetime fee and another charge per deletion. Such providers give you more flexibility and help you save more because you don’t have to pay every month.
5. The Number of Disputes It Can Solve
A reliable credit company should make clear the number of disputes they can solve.
A company with an unlimited number of disputes to solve is the best, though it comes at a higher price.
With a low credit score, a company will tend to restrict the number of disputes it can solve. Make sure that you settle for a company with unlimited services.
6. The Credit Repair Service’s Years of Service
Before settling on a credit company, it would be best to consider one that has provided the service for many years.
This way, you will be confident that they will solve all your credit situations. Being in the industry for a long time is an additional advantage since they have experienced numerous credit problems.
Ask about the experience of their workers and agents. Through the inquiries, you will avoid being in a situation where the company has been in the market for a long time, full of new employees.
Having an experienced employee handle your situation will improve your credit score.
7. Credit Monitoring Services
Choose a credit repair company that offers monitoring services for free. This way, you will be able to keep an eye on how your credit is fairing.
Free monitoring services can allow you to make payment while the repair is still on.
8. Safeguard From Identity Theft
Are you worried about your personal information safety?
A lot of personal information is required when accessing credit repair services, the repair company must put in place measures that protect your details.
With a safeguard identity, you won’t feel nervous about the safety of your data.
9. Personal Loans
When you have credit issues, it is not easy to get loans from companies.
The good news is some companies will offer personal loans even when your credit is being repaired; you can purchase a commodity and continue with your daily business.
10. Refund Guarantee
Your main aim of looking for a credit repair service is a significant repair. I am sure you won’t like it when the credit remains the same after investing your money in it.
A credit repair service with a compensation plan allows you to get your money back if the desired services are not delivered. This way, you can find another company to work on the credit.
The compensation pan gives the company the morale to deliver quality service. Losing money because of poorly delivered service is not fun for them.
11. Online Reviews
Companies that are confident of their work value their customer’s feedback will have a review section on their website.
When you land on a company’s website, remember to check the reviews; they are vital in your decision-making. In most cases, the customer is always right.
Reviewing websites will also help in finding objective reviews. Here you can have access to the low-rated reviews.
When going through negative reviews, don’t ignore the red flags; if you notice identity theft cases and failure to fix credit services, you should consider another company.
Some companies will fake their reviews to impress you. To avoid this, remember that we can’t have a review with only positive comments.
12. Discount for Couples
In cases where you and your partner want to repair the service, a company with a discount for couples will help you save a lot.
The money saved can be used in fulfilling other tasks such as debt payment.
Now that you are aware of most considerations when choosing a credit repair service, go ahead and find a repair service that will cover all your needs. Ensure that you ask all the necessary questions; this will enable you to make a sound decision. All the best.