Similar to dentists, credit repair is not a favored topic, as most people are hesitant to let others handle their finances or deal with a credit repair company. Unfortunately, opening a credit repair business is relatively easy, as all it takes is inclination and persuasion skills. This has resulted in the saturation of credit repair companies, with each corner having one, similar to McDonald's. Having spent 15 years in the credit repair industry and successfully managing one of the largest credit repair firms in the nation, I understand the disrepute that our industry faces, and to a large extent, it is justified.Bad credit has become an epidemic, and the rise in credit repair companies over the past year shows how necessary they have become. Thus, as a consumer, it is essential to conduct proper due diligence to avoid being exploited. As a credit repair business owner, I have changed the lives of over 20,000 customers and now wish to give back by bringing transparency and insight into the workings of our industry. My goal is to equip you with the necessary resources to help you make the most informed choice while hiring a credit repair company.
Table of Contents
How to Find the Best Credit Repair Company in Boise
Credit Repair Companies in Boise: Types and Differences
The Credit Repair Process in Boise
The Key to Sustainable Credit
Free Credit Repair in Boise
Recommendations for Credit Repair
How to Find the Best Credit Repair Company in Boise
When clients ask me about the best credit repair company, I believe they must do their due diligence first. While online reviews can provide valuable insights, not all are genuine. Instead of persuading them to use my company, I suggest taking caution and researching several companies. However, after 15 years of experience, I can confidently tell you that my company is the best in Boise. To make your search easier, here’s a list of things to do when selecting the best credit repair company in your area:
Make a List
Use Google to search for credit repair companies close to your home in Boise that have good or acceptable ratings. While location isn't a necessary factor, it provides peace of mind knowing you can always visit their office unannounced.
Reputation
Established companies generally have websites that have been online for at least three years. Check the website's history using https://archive.org/web/. Look for credible reviews that are accurate to avoid fake Google reviews.
Make the Call
After identifying a few viable options, call them to assess how they handle your inquiries. Ask important questions such as:
A. How long have you been in business? Are you unlicensed and bonded? Can I see your bond?
B. Do you have an office where I can meet your team in person?
C. Do you offer a free consultation?
D. Do you offer a money-back guarantee?
E. What's your fee structure? Do you charge a flat or monthly fee?
F. How long does the process take?
These questions can help you analyze the company and make informed decisions that suit your needs and budget.
Credit Repair Companies in Boise: Types and Differences
With over 1 million financial service and credit repair companies in the US, choosing a credit repair company can be challenging. With such a large pool to select from, it's often difficult to decipher experienced and non-experienced credit repair companies in Boise. To help you understand better how credit repair works, we will explain the three major types of credit repair companies.
Flat Fee Companies
This kind of service is a one-time billing method that's used only by about 5% of credit repair companies in Boise. The model is widely regarded as the most efficient and cost-effective way to get the best and fastest credit repair service. Flat Fee, credit repair services typically focus on billing you for the accounts they dispute, and you pay a one-time set fee. They are motivated by getting the job done quickly, hence delivering top-quality and fast service. These credit repair companies analyze your credit report and give you a quote based on the total accounts that require dispute.
Monthly Fee Companies
Most credit repair companies in Boise use this type of pay-per-month model. The billing method is often considered inconvenient and inefficient, as these companies don't look over credit reports and could have a problem building a successful plan. Monthly fee companies don't have much motivation to get the job done quickly since customers are charged an ongoing fee. The credit repair company would typically only dispute a few negative accounts at a time, meaning that it could take as long as 6-8 months for full results to materialize. While the cost may be lower relative to the flat fee companies, the monthly costs could add up to be quite significant.
Pay-For-Delete
Pay-For-Delete is a less common choice model offered by credit repair companies in Boise, but it's worth considering. With this model, you only pay for results, implying that the credit repair company is under intense pressure to perform optimally. Even though it sounds great, it's not until you get in and look at the fee structure that you realize it's usually quite expensive. As an illustration, you could pay a setup fee of $299 (non-refundable), and if one account is being reported to each of the three credit bureaus, it is regarded as three "items," costing you $75 per item removed. With this in mind, it's essential to check with the credit repair company to see what it would cost if they were to remove all your accounts from your credit report.While a flat fee company is the option recommended by most credit repair companies in Boise, it's still important to do your own research and due diligence to determine the best choice for you.
The Credit Repair Process in Boise
There is a lot of information out there regarding credit repair, and the process can be confusing. Much of the advice provided is either outdated or ineffective. However, having worked in the credit repair industry for 15 years, I can assure you that it is not complicated. That being said, the process is always evolving, making it imperative to keep track of the latest regulations and law changes. Credit reporting agencies are always devising ways to outsmart consumers by limiting their dispute abilities. To ensure our clients get the best results, we stay up-to-date with the ever-changing landscape.
Understanding the Credit Repair Process
In 2015, disputing all negative and derogatory accounts using “not mine disputes" was a popular method for improving credit scores immediately. Unfortunately, this process was short-lived. The credit reporting agencies swiftly created refined processes, making it challenging for people to achieve results quickly. Today, new and unique dispute tactics are crucial to getting items corrected or deleted from your credit report.
An Effective Credit Repair Process
While not secret, the credit repair process requires a full understanding of the steps involved to be effective. You are legally entitled to contest any account on your credit report through a process known as validation. Rather than disputing errors only, you should request data furnishers to provide proof of the accounts' validity. If there is an error in the account or reporting, you should use evidence to state the error and request correction or deletion.
Documentation for Validated Accounts
Which documentation you should ask for depends on the terms of the loan that was authorized. Start by calling as a non-customer and inquiring about the documents necessary for a new loan. Alternatively, perform a Google search for more information. Stay tuned for our upcoming blog post, where we'll provide a link with access to all the documents you can request.
The Key to Sustainable Credit
1. What determines a credit score? It's your personal finances that drive your credit score, which is why it's common to see many Americans struggling with it.
2. Fixing your credit may be possible, but can you ensure a sustainable credit score? The answer is no if you don’t have full control over your personal finances.
3. That's why before you start investing in credit repair, it's crucial to bring your personal finances in line. How? By bringing down your revolving credit balances, paying all your accounts on time, and using your credit cards less often. However, keeping a small one to ten-dollar balance on your credit card is recommended to keep your account from closing.
4. In the credit repair cycle, repeat offenders often emerge. They pour all their money into repairing their credit instead of working on their finances, causing an endless cycle.
5. To prevent such a situation, you need to focus on fixing your finances so that your credit score follows suit. If you want to improve your credit once and for all, this should be your top priority.
Free Credit Repair in Boise
Many people wonder if it's possible to fix their credit for free. The answer is yes; you can achieve this by performing the services yourself, but it often comes with a time cost. I have various blog posts that detail the steps to repair your credit like a pro. However, most people either do not want to put in the work or lack the time. In such cases, I highly recommend seeking help from a professional credit repair company. If you are willing to spend 2-4 hours a month on credit repair, please read my blog post on "Credit Repair Like the Pros."
Leave a testimonial or review
When I began my career in credit repair in the early 2000s, I offered free credit repair in exchange for testimonials or reviews. I did not have reviews or testimonials, so I would ask people for permission to fix their credit in exchange for a review or testimonial. Although it incurred a small cost for sending out their disputes, the value I received from their reviews was much more significant. Even today, many credit repair companies are willing to offer their services the way I did back then. You can search 'Credit Repair' Facebook groups, join them, and post something like:"I'm seeking a new credit repair business owner to assist me with credit concerns in exchange for a detailed 5-star review."You may encounter some negativity, but you should have no trouble finding someone to do your credit repair for free.
Recommendations for Credit Repair
Conduct extensive research to find the best credit repair company that can offer permanent solutions to your credit problems. Although this may require reaching out to various companies, it is crucial to avoid wasting both your time and money.
It is also essential to improve your personal finances since this is the primary cause of credit issues. Many people tend to waste their earnings trying to fix their credit only to realize that their bad spending and saving practices are the real problem. This flawed approach leads them to dismiss credit repair companies as scams even if these companies can effectively repair their damaged credit status.
Credit repair services do work and can substantially improve your credit score. In fact, I have personally witnessed credit repair transform the lives of more than twenty thousand clients. But remember, it all starts with you and your approach to managing your finances. Fixing your finances is the first step towards a quick, simple, and enduring credit repair strategy. So, don't lose faith; you've got this!