Learn How To Build and Repair Your Own Credit
4 Secret Reasons Why Credit Repair Companies Don’t Work In 2020
Hiring a non-professional
The first reason credit repair companies do not work is because you are hiring a non-professional. You are hiring a company, a friend or someone that you heard about does well with credit repair but they don't regulate it, they don't have the credentials and it is not an actual business.
The first tip when it comes to buying into the perfect credit repair company is making sure that you get a company that is fully regulated
Fault credit cards
A lot of clients sign up with credit repair thinking that it's the only problem. Credit cards can be a very dangerous game to play if you don't play them well. If you have items on your credit report, you get them removed and you still have an active credit card, that’s maxed out.
Your credit score will not go up to the level that you want it to because those credit cards hold 55% of your score. If you are not at good utilization rate with your current credit cards, ensure that you put yourself in a position to do so because if you don't have the correct credit-building tools on the report, the score will not reflect.
Poor disputing
Credit repair companies do not correct the items correctly. The big companies dispute in bulk and the small companies don't know what they are doing. You understand that dispute language means different results when it comes to getting the results you want with your credit repair.
Therefore, write the correct dispute language in your letters to get the right response from the credit bureaus.
Suggested offer
Your chance of approval is excellent
Lack of education
A lot of clients do not educate themselves, neither do they understand how credit repair works. If you don't understand how a credit repair works, you will never have long-term success with your credit because you are not learning anything from getting the quick fixes correct.
You are going to gamble when doing it because you might get results but nothing to learn. With credit repair, it doesn't matter who does it and who doesn't. Make sure that you are educating yourself in the process because there are a lot of scams in this industry.
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