There are tons of credit repair companies that offer fast credit repair. More likely than not, their perception of fast may be much different than yours. I know, based on my experience in the business of credit restoration, clients usually expect their credit score to be significantly improved in a matter of days. They are usually planning to buy something on credit and they want to improve their credit standing so that they can be approved for new credit and get an acceptable interest rate.
If you are interested in fast credit repair, it is best that I break the news to you before you get disillusioned by the services that credit repair companies offer. There is little worse than finding your dream home, expecting that your credit will be okay, and finding out that it is not. You might want to delay your search for a few months so that you do not experience the drama of your dreams slipping through your fingers due to credit.
How long does credit repair take?
Repairing credit slowly takes at least 35 days. On average, you can expect your credit score to go up a few points during this time. Significant improvement can take 180 days or more. Fast credit repair claims can be misleading to someone who thinks that their credit can improved overnight or in less than 30 days.
What do credit repair companies actually do?
Specialists in credit actually remove negative items from your credit report. This always includes inaccurate reports and reports that are made in violation of your consumer rights. In many cases, they can even get rid of late payment records, charge-offs, repossessions, collection accounts, judgments, liens, and bankruptcies.
Is this type of credit repair legal?
I will not say that all credit repair companies engage in legal activities when repairing credit. I can not speak for the industry as a whole. However, I can assure you that my company knows the law and takes advantage of it for the benefit of our clients. I do not advise you to attempt to repair credit yourself.
What is my role in fast credit repair?
Your cooperation is essential when you contract with a credit specialist. You will have to fill out a retainer package and provide verification when requested. You will receive updates from the credit
bureaus regarding the company's communication with them on your behalf and you will need to forward such documents to your specialist. Your attention and promptness will make the progress a whole lot faster.
Fast credit repair is possible; however, it is important that you understand the meaning of "fast" when it comes to repair services and that you take your role in the process seriously. Credit repair companies can represent you and you will benefit from their knowledge of the credit system and laws that protect consumers from inaccurate reporting. After your credit is repaired, credit counseling will be eligible to you in regards to retaining a satisfactory credit score.
Source by Laurence H. Michelson