Credit Repair Company Vs. Do-it-Yourself Credit Repair

If you have thought about using one of those credit repair companies, I encourage you to re-think your position. In this article I will give you some pros and cons of using a credit repair service and the pros and cons of doing it yourself.

Let me start by saying the only pro I can find for using a credit repair company would be because of time constraints. If you cannot find an hour a day to devote to cleaning up your credit then you may want to retain the services of one of these agencies. I would recommend doing thorough  research on the companies that are under your consideration.

Some of these companies promise you fast credit repair. There is no such thing as fast credit repair. The process takes time. Consider this; the average dispute with the credit agencies takes about 30 days. If the credit agency does not budge or claims the data is accurate, you are looking at another 30 days challenging with the creditor. Even if you win the dispute with the creditor it could take another 60-90 days for the item to disappear from your credit report. A number of these companies that promise fast credit repair are actually trying to get you to change your identity. That's right, new SSN, etc… Let me tell you this is highly illegal and unethical. Stay clear of these companies.

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