Credit restoration....good or bad?

      Is it a better idea to accept the financing that you currently qualify for, or enter into a credit restoration program and wait a few months for your credit score to improve to then get a substantially better interest rate?  How much lower of an interest can be achieved with the average credit restoration process?  What are the qualifications to being a candidate for credit restoration?

      The answer is fairly simple....yes...in many people's situation it is better to correct any inaccuracies on your credit report before entering into a long-term financing deal.  Just exactly how much a person stands to benefit from credit restoration relies heavily on how many inaccuracies exist on their credit report.  The average restoration process lasts from 2-6 months and can improve your credit score 50-100 points, a somewhat standard amount of time to find the home you TRULY want (and make all of the relative adjustments involved in buying a home).  A typical fee for this service ranges from $300-$500...and as in most cases...you get what you pay for.  Some companies have pre-established relationships with creditors that facilitate these corrections in a far more efficient manner than those who simply pester the creditors with letter after ineffective letter of dispute.  And, don't be fooled into accepting terms of a down payment, followed by monthly installments...anyone who knows the business (as far as credit restoration) can look at your profile and tell you EXACTLY what can be accomplished...and how long it will take.  The open ended deal that lasts for a year or more is a tricky way of getting a few extra hundred dollars out of you.  Find a credible company....let them review your situation...pay the $500 or so...and start looking for the home you've always wanted.

 Your humble finance slave.