3 Things To Look For In A Credit Repair Company Online

If it's been a while since you've see at your credit report, you may be amaze to find errors, mistakes, or even a black mark or two. Luckily, a Credit Repair Company can help you rectify those mistakes and erase those black marks. Watch out for scammers, though, and select a reputable Credit Repair Company with these tips:

Don't pay anything up-front

Evade a Credit Repair Company that wishes you to hand over a fee or payment before they meet with you. Dignified companies will first talk to you, evaluate your credit report and discuss your current situation before requesting for any type of payment for their services. An up-front fee is a red flag that the company will likely take your money and run. And whatever type of charges you may incur be sure they aren't exorbitant. If a Credit Repair Company demand your case will cost thousands of dollars, look for another one.

Watch out for "re-inventors"

Other companies will tell you that you can exterminate your credit slate clean by "re-inventing" yourself with a new social security number. But that's not true! In few cases, what they plan to do is get you a new credit report by applying for an Employee Identification Number (EIN)--used by businesses--which taking after a social security number, and you're told to use it as such. But this ability, known as "file segregation," is a scam, and it's also illegal! Evade any Credit Repair Company that suggests this practice.

Look for one that helps you help yourself

The best Credit Repair Company will tell you (for free!) what you can do yourself, such as writing letters to creditors and making contact and the credit reporting bureaus about errors. Avoid any Credit Repair Company that persuades you to do anything illegal or unethical--such as debating a legitimate charge or fee on your credit report.

Before signing up with any Credit Repair Company, make sure you check with the Better Business Bureau. They'll have records of any formal complaints against the company, so you can avoid scammers and rip-off artists.