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PROS AND CONS OF HIRING CREDIT REPAIR COMPANY

Pros

They take charge.  By signing up for credit repair services through a credit repair company like USA
Credit Repair, you’re letting the professionals take charge of working with creditors and credit bureaus on
your behalf, to resolve issues.

It’s their time — not yours.  Working on credit repair can be a very long and tedious process. There are
many different laws and communications that can be leveraged for each questionable credit report item.
In addition, there are various situations that may require challenging items with the original creditors,
collection agencies, credit bureaus, or all three of these. By paying for credit repair, you are giving the
professionals the responsibility of reviewing your credit reports, gathering information, drafting letters,
following-up, etc. Giving a company the responsibility of repairing your credit allows you to free up your
personal time to do other tasks you want or need to do, instead of worrying about reviewing your credit
report for inaccuracies.

They know the laws.  Thorough knowledge and understanding of these laws allows credit repair
companies to help clients get the credit they deserve. Credit professionals will leverage federal laws to
your favor. A professional company is familiar with and compliant to laws such as:

  • The Fair Credit Reporting Act (FCRA).
  • The Fair Debt Collections Practices Act (FDCPA).
  • The Fair Credit Billing Act (FCBA).
  • And other consumer protection statutes.

Monthly fees now, long-term benefits in the future.  By successfully repairing (and improving) your
credit, you may actually reduce the amount of money you need to borrow for a car loan or a mortgage, or
the interest rates you’ll pay for items purchased using credit cards. Lenders use a credit score to evaluate
what they’ll charge to lend you money or approve you for a line of credit. Allocating funds now to improve
your credit may ultimately result in your receiving better interest rates than those who haven’t taken the
time to confront their unfair, inaccurate, or unsubstantiated credit reports. In addition, better credit may
influence decisions made by prospective employers or landlords.

Cons
You need to pay the credit repair service. Hiring an expert is not free. You will be spending money on
hiring the experts for their skills. The company has the certain payment method. Some companies take
the fee after they perform the service. The others take the fee up front. If you do not have much money,
you can choose the affordable company to help to improve your financial situation.
Not all companies are legal. Some fraud company will spend your money than improving your financial
situation. You should choose right company for assisting on your financial problems.