A credit repair company follows procedural steps and hence takes time
Planning to repair the credit? You can increase the scores of the credit real fast with the three most important sources through whom the services are fixed are called Equifax, Experian, and Transunion. The companies that help in the repairing of credit are BBB A –rated and they do not go into any contracts or charge any fee upfront. Within just thirty days, everyone gets the results. In fact, there have been many people that have reaped the benefits of having all their negative records cleared. The score of the credit actually lets people know as to what kind of a borrower you are. Scores usually have run between nine hundred fifty and three hundred. When the score is higher, more likely will be your chances of having a loan approved at payment terms and favorable rates.
What do they do?
There are certain things that cannot be done by you and thus for a Key Credit Repair, it is essential that you hire a company that shall request the credit report from the three bureaus known as Transunion, Experian and Equifax, here are the following steps they necessarily follow.
- Once the negative items have been identified, on the credit report, they can get disputed. Once successful, this increases the creditworthiness.
- Various strategies shall be used for getting the negative items removed so that Key Credit Repaircan take place from the credit report from each of the credit bureaus. It includes having those items disputed on the report and negotiating with creditors that also get negative records removed.
- All these things can be done by you as well, if you wish to because there is zero financial cost, provided you are aware of the ways to do it. If not then, you have to resort to help from the companies.
Charging on the monthly basis
The whole process does take time especially if there is a dispute because credit bureaus do take time and may take much time as thirty days before having the decision rendered this gives them ample time for asking the creditors for proof, reviewing it and then making a decision. Big companies possess large systems that take too much time hence it does make sense if there is a period of thirty days that is taken. A lengthy delay also means that anything can be requested when you forgot to follow-up. However, this can only happen because they have a large system of customers and services.