If the credit repair process is too strenuous or tedious for you, there are a couple of things to consider before hiring professional assistance. There are many choices available for credit repair services, but you want to be sure that the company is legitimate. Here are some points to consider when choosing a credit repair company.
- Know your rights
A credit repair company should inform you of your legal rights as a consumer. In 1996, the Credit Repair Organizations Act (CROA) was signed into law to protect the public from unfair or deceptive advertising and business practices by credit repair organizations. By law, credit repair organizations must give you a copy of your Consumer Credit File Rights under state and federal law before you sign a contract. In addition, the company should also provide you with a written Notice of Cancellation that explains your three-day waiting period. Read these documents before you sign anything!
MSI Credit Solutions will provide all these documents within your initial agreement prior to starting services.
- Is credit repair for me?
Prior to starting a credit repair program, a consultation should be provided. Credit repair is not for everyone. The credit repair company should review your credit, get to understand your situation, and determine if this is the right direction for you.
MSI Credit Solutions has expert credit consultants who will review your credit information to determine the best route for you.
- What services will you provide?
Find out the extent of the services that will be provided to you. Will the credit repair company dispute items only at the bureau level, or will they go to the extent of also contacting creditors and collection agencies? You want to find a company who will dispute the items on all levels for best results.
MSI Credit Solutions disputes on all levels: credit bureaus, original creditors, and collection agencies.
- What kind of results and guarantees can you provide?
Does the company offer any guarantees? Be sure that the guarantee offered is listed within your contract or agreement. Also ask what kind of results they average. Do they have an average deletion or time frame rate? You can always check reviews of credit repair companies through credible review sites such as Facebook, Angies List, and Google.
MSI Credit Solutions offers a guarantee as stated in our agreement of a 50 total point increase. MSI also averages about a 76% deletion rate.
- What is the cost of your services?
Be wary of any companies that provide a price prior to reviewing your credit report. Please be advised that this is a red flag. Each individual’s credit information is unique and should be thoroughly reviewed to have an understanding of what each individual’s needs are. Companies that provide a price prior to a review are making an uneducated guess. Also, beware of companies that may charge a smaller fee but require you to stay in the program for a longer duration of time, thus stretching your price out.
MSI Credit Solutions will comprehensively review your credit report, understand your needs, and provide pricing once a consultation has been fully completed. We understand that your needs are specific to you.
- What documents should be provided prior to starting?
A company cannot perform any services until they have your signature on a written contract and have completed a three-day waiting period. During this time, you have the right to cancel the contract without paying any fees. After this time period, services may begin, and it is your responsibility to know the credit repair company’s cancellation policy. The written contract must specify the following information:
-The payment terms for services, including the total cost.
-A detailed description of the services to be completed.
-A time period of how long it will take to achieve the results.
-Any specific guarantees the company offers.
-The company’s logistical information such as name and business address.
MSI Credit Solutions honors this three-day cancellation period as well as provides a written agreement that includes all of the above information.
- Is there anything that is needed from me for the credit repair process?
One of the best ways credit repair can help is by having you be involved. A credit repair company should also provide you guidance on how to maintain your credit score. Credit repair is a team effort and all aspects of the process should be covered. This guidance can include what proper lines of credit to obtain, how to maintain lines of credit, and how not to use lines of credit to avoid credit scores decreasing.
MSI Credit Solutions will become your most trusted ally in the credit repair process. MSI will guide you along the way to assure that not only your credit is cleaned up, but that you are also set for success in continuing to maintain your newly repaired credit.
MSI Credit Solutions provides superior credit restoration and comprehensive consulting services that are reliable and affordable. For any questions or to schedule a free credit consultation, contact us at (866) 217-9841.
*The information in this article has been provided strictly for educational purposes.