When Does it Make Sense to Hire Someone to Remove a Charge Off?
What is your time worth? I think it comes down to weighing out any kind of service; how much is your time worth? Another, important factor is the amount of work needed.
Seriously, if you one 30-day late payment on only one of your credit reports, then just write a letter to the credit bureau tonight and be done with it.
But if your credit report is riddled with late payments, charge offs, and other negative items, you may benefits from the services of professionals.
Are they Effective? The largest credit repair firm in the US is Lexington Law firm.
They have been in the business for over 20 years (they are a trusted establishment).
As of last year, they removed 109,298 charge offs! Here is their toll free credit consultation number: 800-223-7615.
SkyBlue, DSI solutions, and Ovation Credit services are also reputable services.
Are credit repair services scams? Critics of credit restoration services always argue that these services are rip-off because one can do credit repair themselves.
However, I can make a cheeseburger myself too, but the guy at McDonalds can make it better, cheaper, and faster.
With that said, I've seen some other pretty shady establishments.
Here a couple flags to watch for: 1)If a company is promising immediate results, there is probably something illegal going on (like replacing your social security number or something).
Legitimate credit restoration companies can produce results but it does take time.
2)If the company is asking for an large amounts of money up front (i.
e.
$300+); This tells me they are again, probably delving is something illegal or they are a complete scam.
But regardless of whether you decide to use credit restoration service or do it yourself, make sure you take action and work to clean up your credit report.
Good Luck
Seriously, if you one 30-day late payment on only one of your credit reports, then just write a letter to the credit bureau tonight and be done with it.
But if your credit report is riddled with late payments, charge offs, and other negative items, you may benefits from the services of professionals.
Are they Effective? The largest credit repair firm in the US is Lexington Law firm.
They have been in the business for over 20 years (they are a trusted establishment).
As of last year, they removed 109,298 charge offs! Here is their toll free credit consultation number: 800-223-7615.
SkyBlue, DSI solutions, and Ovation Credit services are also reputable services.
Are credit repair services scams? Critics of credit restoration services always argue that these services are rip-off because one can do credit repair themselves.
However, I can make a cheeseburger myself too, but the guy at McDonalds can make it better, cheaper, and faster.
With that said, I've seen some other pretty shady establishments.
Here a couple flags to watch for: 1)If a company is promising immediate results, there is probably something illegal going on (like replacing your social security number or something).
Legitimate credit restoration companies can produce results but it does take time.
2)If the company is asking for an large amounts of money up front (i.
e.
$300+); This tells me they are again, probably delving is something illegal or they are a complete scam.
But regardless of whether you decide to use credit restoration service or do it yourself, make sure you take action and work to clean up your credit report.
Good Luck
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