Basic Guide to Credit Repair and Fast Credit Repair Services:
A thing about fast credit repair services. For most people who live on credit, a positive credit score is essential. Especially if they wish to apply for a job, buy a house or invest in anything substantial. In such cases, it is vital that to maintain the credit stays positive, without tipping into the negative scale. Often, people who dismiss their credit records are the ones who have to deal with the negative impacts on the long run. A negative credit that has been achieved due to late payments, having huge amounts of unpaid debts, a slim file containing very few or no accounts or having a limited credit history. In these cases, it is very hard to erase a poor credit and companies who make promises to quickly erase them your account are scammers.
Credit repair companies that promise to help prepare false statements on loan or credit applications, alter identity to change credit history, provide an Employee identification number instead of a social security number for creditors, and provide cheap and fast credit repair services, are essentially running scams and it is illegal to solicit the advice of these companies. It takes 7 years to erase negative credit from an account and the false promises made by fake companies are illegal.
Credit Repair companies are only helpful if the negative credit accumulated is due to inaccurate information being used in the credit file. Another reason is being defrauded by bogus credit card companies. In this case, the person has the rights to dispute the errors and get them corrected. The responsibility of correcting the errors in your credit report go to the credit reporting companies in charge of providing the necessary information. Credit repair services cannot legally remove a person’s negative credit in an instant. Although most promise instant, fast credit service repairs.
Here are the essentials rules to be followed in order to build a good credit quickly :
1.The credit reports contain the credit scores:
Credit reports help in the calculation of the credit scores. Using the data provided and maintained by the credit reporting agencies. Since most people do not bother keeping a check on their credit reports, a error in the report could bring down the credit scores. However, these kind of reports can be rectified easily.
2.Building good credit takes a lot of time and effort :
A late payment can stay on the record for about 7 years and bring down your credit. Hence, it is vital that there should be no negative items maintained on your credit file since they cannot be removed or fixed immediately. Companies that claim to do so may bring propose fraudulent ways that could get you to end up in jail. But, the good news is that most credit scores are calculated based on the recent data. So even if there are some negative items like due or bankruptcy, they can be taken care of with time.
3.Paying bills on time and maintaining low credit balance :
Keeping a low balance on the credit cards is highly recommended and so is paying off any credit or due that might be available by the end of the month. Credit card is one tool that can be beneficial in boosting the credit scores. The card holder generally decides on the amount to be paid. Credit cards provide valuable information on how much credit has been used and how it is handled by the owner. Paying bills on time is the quickest way to increase your credit scores and any late payments may hurt your credit.
4.Building credit using instalment loans :
Another who has an installment load and who pays it off in a timely manner is liable to have good credit scores. Since this demonstrates that they are reliable borrowers. Even if a person has good credit, they should never seek to abuse it. The goal should be to build a long history of good credit which can be used for anything. From obtaining loans or applying for and meeting potential employers.
A good credit companies help to remove the negative items on the credit report that bring down the credit score.Here are a few of the credit repair companies that have been eagerly sought out for their serves and each provides a unique guarantee :
· One of the cheapest, but quality and fast credit repair services available. Although Sky Blue Credit Repair does not provide any fancy shenanigans promised by the high priced services, do not monitor credit or have fancy tools to follow progress. They provide fast credit repair services and are highly qualified to fix mistakes. In credit files and find legal loopholes to get the credit scores fixed.
· Easy Fix has a 90 day guarantee if the customer is not satisfied with their services.
· They have one of the best customer services teams online compared to others.
2.The Credit People :
· The Credit people offers pretty much the same services as the SkyBlue Credit Repair. This includes fixing mistakes on the credit report, sending good faith letter to any potential lenders and looking for legal loopholes to get credit fixed. The Credit people have a trial service for a week at reduced costs which the customer can make use of.
· They have an average rating in the BBB site with a B rating.
· They have a hundred percent money back guarantee in the first 6 months if the customer is not satisfied.
3.Lexington Law :
· Depending on the type of package paid for, the services offered by this company varies. The standard package provides the same provisions as Sky Blue, with the added incentive of a paralegal who is appointed to provide other ways to improve credit score and maintain the account. The Concord package provides extra scrutiny and forces lenders to remove any disparaging comment if it doesnt meet FTC regulations.
· They have a decent A- rating in the BBB website.
· They do not have a money back guarantee policy.
4.Ovation Credit Repair :
· An exceptional company which provides multiple benefits based on the customizable package selected. The Essential package provides the basic repair facilities once a copy of the credit report has been submitted while an upgrade to the Essentials Plus package includes sending out good will letters to get negative items to be removed from the credit file.
· They have a solid reputation along with an A+ rating
· Also offer a 100% money back guarantee.
Most credit repair companies promise the same kind of fast credit repair services. It is essential to choose the one who will go the extra mile to repair the credit. Despite and matter the cost.