Regrettably, credit repair services have garnered a similar reputation to that of dental services. Individuals do not desire for others to tamper with their finances and loathe the idea of handling them. However, if you can persuade clients and have a heartbeat, you can establish a credit repair company. Consequently, credit repair businesses are found in abundance, much like McDonald's. Having been in the credit repair industry for over a decade and running one of the country's most extensive credit repair organizations, I empathize with the negative perception of our industry. In reality, quite a bit of it is accurate.
Poor credit is a developing issue, and it is steadily worsening. The recent increase in credit repair companies highlights how many options are available to those seeking help. As a result, as a consumer, it is imperative to conduct thorough research to ensure that one is not taken advantage of.
As a credit repair business owner, I have been fortunate enough to assist over 20,000 individuals in changing their lives. In an effort to give back, I aim to offer transparency and lucidity on how our industry operates and provide you with the necessary tools to make an informed decision when hiring a credit repair firm.
Contents:
How to Choose the Best Credit Repair Company in Buckeye?
Different Credit Repair Companies in Buckeye: Understanding the Three Different Types
The Credit Repair Process in Buckeye
The Importance of Personal Finances in Achieving Sustainable Credit
Free Credit Repair Services in Buckeye
Tips for Improving Your Credit
How to Choose the Best Credit Repair Company in Buckeye?
When asked who the best credit repair company is, I don't promote my business like any typical salesperson would. I always advise clients to conduct their research and analysis and choose the best possible option suitable for their circumstances. Even though online reviews provide an idea about a company, they might not be completely genuine. Therefore, I recommend that you follow the steps below to select the best possible credit repair company for your needs in Buckeye.
Make a list!
Search for credit repair companies that have decent online reviews and ratings on Google. It is always recommended to choose a local company if possible as it provides a sense of security knowing you can visit the office unannounced. Hence, make a list of potential candidates from a local search for credit repair companies.
Reputation
Only list companies that have a good online presence and reputation with a legitimate amount of reviews. Do check whether the reviews seem accurate and avoid being tricked by fake reviews. Established companies should have a website that has been online for at least three years. You can check this by using https://archive.org/web/ and inputting their website URL.
Make the call
After conducting research and analyzing potential companies, shorten your list to include only the best candidates for the job. The most important step is to then call them. Note that many credit repair companies do not answer their phones during business hours, which could be a red flag. Ask the following questions to gain more clarity and ensure that you are selecting the best possible company:
A. How long have you been in business? Are you licensed and bonded? Can I see a copy of your bond if you are bonded?
B. Do you have a physical office where I can meet you and your team in person?
C. Do you offer a free consultation?
D. Do you offer a Money back guarantee?
E. What is your fee structure? Do you charge a flat fee or monthly?
F. How long does the average process take?
These questions will help you choose the most effective and least expensive company that suits your needs in Buckeye.
Different Credit Repair Companies in Buckeye: Understanding the Three Different Types
There are more than a million credit repair and financial service companies operating in the United States, including Buckeye. The sheer number of options can make it difficult to distinguish between experienced and inexperienced companies. To help you better understand how credit repair works, we will explain the three different types of credit repair companies you will find, namely:
1. Flat Fee Companies:
Only about 5% of companies use this structure, and it is in our opinion the best option for faster results while also being cost-effective. With a flat fee, you only pay for the accounts that are being disputed. The faster completion of services is because the company has an incentive to finish the work quickly. Typically, the credit repair company will do a consultation that includes reviewing your credit reports to determine if they can help you and then quote you a price based on those accounts. At White, Jacobs & Associates, we have a Flat Fee business model, which has allowed us to help numerous clients.
This structure is ideal for clients who want a quick and cost-effective solution to their credit repair problems.
2. Monthly Fee Companies:
This is the most common credit repair company structure. However, it is not very efficient because most companies that use it don't review your credit report; hence, it's hard to determine if they can help you. Furthermore, a monthly fee structure doesn't fit all clients. Since most companies charge monthly fees constantly, they have little motivation to repair your credit fast. Additionally, the company may only dispute a few items at a time, making it hard to achieve full results for all your negative accounts in six months; it can take longer. Even though monthly fees may seem lower than flat fees, total costs can add up over time and become expensive.
This structure is ideal for clients who want to spread their payments out over time.
3. Pay for Delete:
This model, while appealing and offered by a few companies, is less common. You only pay for results, and this pressures the company to perform well. One of the downsides of this model is that companies often charge a lot for each item removed. Therefore, you could end up paying far more than a flat fee or monthly fee structure. You should ask for the fee structure and clearly understand all terms and conditions before selecting this structure.
This structure is ideal for clients who want to pay for individual account deletions only.
In conclusion, at White, Jacobs & Associates, we recommend Flat Fee Companies as the best option. However, we encourage clients to do their research and make an informed decision based on their unique needs and preferences.
The Credit Repair Process in Buckeye
The credit repair process can seem confusing with conflicting advice available. However, as an industry veteran of 15 years, we know that the process is always evolving. Regulatory changes and law amendments continually shape the credit repair process in Buckeye. Unfortunately, the credit reporting agencies can often make the process confusing for consumers. They put processes and procedures in place to prevent you from taking advantage of successful dispute processes. Keeping up with all the changes is critical, and we ensure that we keep up to date to provide the best results for our clients.
Understanding the process in Buckeye
In 2015, people experienced success with the "not mine disputes" process, where they disputed all negative accounts claiming they were not theirs. This process led to immediate results, but it was short-lived by the secondary legal reinvestigation process. The credit reporting agencies refined their processes, and now e-OSCAR is in place to filter out frivolous dispute letters. Without new dispute tactics, it can be hard to see results.
The effective credit repair process
It's your legal right to contest the validity of any account on your credit report. You can ask the data furnisher for proof of the account, including any original signed documents or payment ledgers, to ensure the account is not only yours but also valid. While disputing errors online can be advised, requesting proof of the account is the best approach. If you can confirm an error exists, use your proof to ask for the error's correction or deletion.
What account documentation should you ask for?
When requesting documentation, it depends on the original loan that was authorized. If you're unsure of what documents to request, call as a non-customer. Ask what documents are required to be submitted or signed to authorize a new loan. Alternatively, a quick Google search can provide more information. We plan to put together a blog post on this topic with links to all relevant documents, so stay tuned.
The Importance of Personal Finances in Achieving Sustainable Credit
1. Credit Repair is Only Part of the Solution
1.1 Personal finances drive credit score
1.2 Credit repair is one tool of many
1.3 Not a complete solution
2. Get Your Personal Finances in Line First
2.1 Sustainable credit requires control over personal finances
2.2 Prioritize paying off credit balances and paying accounts on time
2.3 Use credit cards sparingly
2.4 Fixing personal finances leads to sustainable credit
3. The Endless Credit Repair Cycle
3.1 Repeat clients are a problem in the industry
3.2 Endless cycle caused by lack of financial responsibility
3.3 Focus on getting personal finances in order first
3.4 Aim for sustained, long-term credit improvement
Free Credit Repair Services in Buckeye
Frequently asked by many, "Is there a way to mend my credit without spending money?" The truth is, you can undoubtedly repair your credit for free, with only the price of paper and stamp, by performing the services on your own. For steps on how to repair your credit like a professional, check out my blog. However, repairing your credit without investing any money often means spending a considerable amount of time. While you have the legal right to dispute your credit report by yourself, most individuals either lack the time or simply don't want to put in the work. If you prefer to let a professional credit repair company handle it for you, it is highly recommended. On the other hand, if you can spare 2-4 hours every month to dispute your credit report for free, you can look into my blog titled "Repair Your Credit Like the Pros."
Share Your Testimonial or Review and Get Free Credit Repair Services
When I first ventured into the credit repair industry in the early 2000s, I didn't have any testimonials or reviews. So, I would offer free credit repair services to people in exchange for their feedback. Although it did cost me a bit to send out their disputes, the value I earned from their reviews was way higher than the amount I spent on credit repair. Nowadays, many newer credit repair companies are willing to offer the same services as I did. You can search for "Credit Repair" Facebook groups, join them, and post a simple message seeking a new credit repair business owner. In return for their help with your credit concerns, you can offer to provide an incredibly detailed and 5-star review. You might encounter some negativity, but you should have no trouble securing free credit repair services.
Steps to follow:
1. Check out my blog on how to repair your credit for free.
2. If you don't have the time or energy to mend your credit report by yourself, consider hiring a professional credit repair company.
3. If you prefer to have free credit repair services, search for "Credit Repair" Facebook groups and ask for assistance in exchange for a testimonial or review.
Tips for Improving Your Credit
1. Start by researching several credit repair companies to find the best one for your needs. This will require a significant amount of effort and outreach, but it is crucial to ensure that you don't waste your time and money.
2. Additionally, it's important to work on your personal finances, which is often the root cause of poor credit. Many people mistakenly believe that credit repair companies can magically fix their credit without addressing their spending and saving habits. To achieve lasting results, you need to take control of your finances first.
3. I have witnessed credit repair transform the lives of over twenty thousand clients. Don't lose hope; it is possible to repair your credit, but it starts with personal responsibility. Take the time to get your finances under control so credit repair can be a quick, easy, and effective solution.