Questions to Ask Credit Repair Companies

Credit Repair Services and Information

Important Questions to Ask Credit Repair Companies

About Credit Repair Companies
Important Questions to ask Credit Repair Companies
Rules governing Credit Repair Companies

How to access credit repair help begins with a few important questions. The first question that must be asked about any credit repair company or service should be directed to your local consumer protection agency and the Better Business Bureau located in the area where the company operates. This will enable you to learn if any other consumers have filed complaints about the company in question.

Read Our Independant Credit Repair Company Reviews

     Ensure that the credit repair company you're considering is listed with the Better Business Bureau. Click on the link above to search the company reviews.

How to fix my credit?

     The next step in choosing a credit repair company is to request information from the company about their services and fees. Any reputable credit repair company or service should happily send you information about their services for free. They should agree to do this before asking for any other information about you or seeking any other details about your financial situation. If the company will not do this, consider it a red flag and seek another company's services.

Other important credit repair questions:

1) What services are offered? Request written materials that clearly define what the company does and how they do it. There really are no credit repair secrets, and any legit company will clearly define exactly how to fix credit reports.

2) Does the company offer information and referrals? If these aren't free, or if they cannot be provided, look elsewhere for a credit repair company.

3) Do their services include a financial plan for the future?

4) What are the fees and what do these fees include? These should be provided for free and in writing.

5) Are there upfront costs? There should not be any costs involved until you have signed a contract with them.

6) Will the services be provided by one individual or several individuals? Always ensure that one particular person will be in charge of your file.

7) What are the credentials and certifications of those working with your case?

8) Will a formal, written agreement or contract be signed?

9) What are the expected results of the services?

10) What kind of time frame can be anticipated before results are seen?

11) Will your personal information be kept strictly confidential?

12) How will they assure that your creditors are indeed being paid?

13) What are the details of any repayment plan agreed to?

14) What if you cannot keep up with the repayment plan?

15) What debts are NOT included in a repayment plan?

16) How are you able to monitor the status of your file and/or repayment plans?

17) Are they a licensed company? Who regulates the company?

Asking the right questions about credit repair companies is vitally important to ensuring your success in working with their services. Only after the company you are considering volunteers information about how to repair your credit and puts this information in writing, for free, should you consider engaging their services.

Look for a company that will provide you with a free credit evaluation online or over the phone. Only trust the professional credit repair companies who have a proven track record in knowing how to repair credit reports both legally and effectively.

The Consumer Action group offers an alerts page about potential credit repair scams.