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Thanks for joining the C-Life Newsletter, My name is Tony and I am sure you will find the contents of the newsletter both informative and helpful. You may want to include my email address tony@bad-credit-repair-tips.com on your whitelist so that the newsletter will not get caught in your spam mail. There are two options for improving your credit rating and the article below discusses both, enjoy! DIY Credit Repair Vs Credit Repair Services - Consider these factors to learn the best option for you
DIY (do-it-yourself) credit repair or credit repair services? This is a question a lot of people are faced with once they are ready to begin the restoration or improvement process.
Remember that rebuilding a good credit rating does involve some time and effort. In order to decide which route to take, here are a few factors that you want to keep in mind before making your decision.
Understand the Laws- A good understanding of the laws that affect your credit is a must in order to see the desired results. You have laws such as the Fair Credit Reporting Act, Fair Debt Collection Practices Act and the Fair Accurate Credit Transactions Act to name a few. Each of these affects what Equifax, Transunion and Experian can report on your report.(continued below) These laws also govern creditors as well as collection agencies.
With the DIY method you need to have an in-depth understanding of these laws but when you choose to use a company, they have professionals on staff that specialize in understanding these laws and how to use them on your behalf.
Time- Corresponding with the credit bureaus, collection agencies and original creditors is one big part of the credit restoration process. This aspect is best done by mail which involves you writing letters to these different companies in order for you to see results. With DIY repair you can expect to spend at least 5 hours in total on the process. This does not include the time it takes to
educate yourself on the applicable laws.
One of the leaders in effective credit repair services known as Lexington law has removed thousands of negatives from their clients’ reports. click here to see some of the hundreds of deletions they were able to have removed. The other advantage that sets their company apart from the rest is the fact that you can pick up your phone and speak with a professional during any step of the process. Visit their site for more details if you have not already done so!
Monetary Investment for Credit Restoration- The amount of money you have to spend also determines which method you decide to use in your repair efforts. Due to the fact that communications need to be made between the different parties such as collection agencies, the reporting agencies and the original creditors, the services of a credit repair company would require an initial payment as well as ongoing monthly payments during the process.
You can expect to pay a down payment of approximately $100 and monthly payments of $45 per month.
On the other hand DIY credit repair will not cost as much as there will be no monthly payments to pay anyone, but you must keep in mind that you need to consider the time it takes you to learn the laws, structure and write the dispute letters as “time cost”. Recent credit repair services pages you might be interested in:
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