Why should you pay somebody to help you fix your credit, when it’s obvious that most of their results are often temporary at best? Handling your problems will teach you financial discipline and make you a better judge of finance going forward in life.
When you use the service of credit repair companies to fix your bad credit, you will be forced to share your personal information with them before they can do anything about your credit situation. I would not want to share this information with them, and neither should you.
The truth is that you can do exactly what these companies do, if you learn how to do it. Most "credit repair companies" write letters to credit bureaus, listing few pieces of information that are false on your credit report. When the credit bureau gets the information from a credit repair company, they will then start investigating it.
Since you have the legal right to obtain (and dispute) a copy of your credit report, you can improve your credit score much more effectively on your own.
As you may be aware already, we have begun undertaking some major changes on DonnieMasters.com. While the list of things that we are doing behind the scenes is lengthy, it's what you are going to see that matters the most. Over the next 2-3 weeks, you will begin to see design changes, new colors and fonts, as well as a new layout. We hope to be completed by May 1st.
The need for these changes is due to time and commitments. As I begin working on a fictional series, I have less time to update and maintain a website. However, I am looking forward to the new questions and challenges that come with that road. The website needs to reflect this new way of doing things.
No complaints, just onward and upward.
Let's Talk Credit Repair...
Credit repair companies are businesses that offer debit consolidation loans, debt counseling, or debt reorganization plans that guarantee to stop a creditor’s collection effort against you. One thing you must know is that these companies are established to make money so you need to be very careful when dealing with these people. I will suggest you don't deal with them at all, but if you need some help at least pick a good non profit company to work with.
Caution: if you are having trouble paying your bills, you may be tempted to turn to one of this companies that claim to offer assistance in solving your financial problems. Before you sign up with any of credit repair company you have to investigate them thoroughly. You have to really understand the services that the business provides, AND what it will cost you each month before signing up with them. Make sure they have a written contract that explains all this in detail.
Most consumers that engage the services of these businesses do end up actually getting more problems in the long run. It’s very important that you check the office of the Better Business Bureau to be sure the company is not a problem child. If there has been a complaint about this company previously it's probably best that you do not ask them to help you.
You also need to know that businesses offering credit repair services may charge substantial fees or even a percentage of your debts and fail to deliver on their part. Their fees will add to your debt each month if they are not a trustworthy company that will actually help you. Even though it is a debt problem that can be distressing to you, you have to be really careful when selecting a solution that fits your needs.
I suggest you avoid these traps at all cost, and work on your problems yourself instead. Not only is it cheaper, but it is a much better solution.