5 Questions To Ask When Hiring Credit Repair Companies

Fixing your credit is a daunting task. But, if you choose a professional credit repair company, then you will get a better experience. There are hundreds of people dealing with credit issues and don’t know how to raise the credit score. Well, professional companies are there to help you with all the credit issues.

With so many credit repair companies around, choosing the right one is challenging. So how will you do that? Don’t worry, below is a list of a few questions to ask when hiring any credit repair company. Let’s discuss them in detail.

What services will be included in a given amount?

Most of the credit repair companies offer the same type of services but remember not all are same. Each company will have a different set of rules and regulations which affects the functioning of the system. Normally, the credit repair companies provide credit counseling and help in budgeting by providing you with the personalized service packages. Before hiring any company, make sure you ask them what all will they include in a given amount and how they will work on your credit issues.

How long does it take to complete the process?

Well, there is no fixed time period to do credit repair. Still, a reputed company will give you a rough idea of the time. There are companies out there which promise the customers to complete the task within a certain time, but remember such companies are making false promises and may end up leading to disappointments. Don’t forget every credit repair case is different; therefore, the time taken will also be different.

What information do I need to provide?


No doubt, every credit repair company is bound to be different. But the FICO guidelines works the same for every company. Not every company need a mountain of paperwork and will do the job with fewer hassles. Some of the common documents you might require includes:

➨ Current address
➨ Identification (passport or any other photo ID)
➨ Employment Information
➨ Bank account numbers
➨ Bankruptcy Paperwork
➨ List of debts and assets.
➨ Bank and credit card balance.
➨ Contact Information
➨ Social Security Number
➨ EIN (especially if you own a business)
➨ Bankruptcy Paperwork

Note: The documents may vary depending on the company you choose.

What factors contribute to my credit score?

If you want to know what factors affect your credit score or how to fix credit score fast, then you need an experienced and reliable company. They know how to do the job and guide you in the best possible way. Speaking of the factors contributing to credit score, these include - inquiries, debt-to-income ratio, and age of your accounts. A good company will not only well-versed about these details but also know proper strategies to fix them effectively.

What score should you expect after the repair is done?

For that, ask the credit counselors in the credit repair companies and let them openly about what you should expect from the procedure. Credit repair takes months and even years, so don’t choose a company which makes false claims and lofty promises.

Considering these few questions will help you pick the right credit repair company. If you are looking for a reputed credit repair company near you, then look no further and choose Reliant Credit Repair. Whether you are looking for a solution to increase credit score after bankruptcy or merely looking for credit repair consultations, they offer all these services. Visit their official website to know more.
 

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