If you consider utilizing the services of a professional credit restoration company, then you still have your homework to do; just not as much. The number one qualification you want to use when researching credit repair companies is results. They can have all the bells and whistles, preach about how many attorneys they have working for you or that they have "Attorney Facilitated" services, or even be a little less expensive then the next guy. None of this matters unless they are producing results and achieving higher credit scores.
You might have seen some agencies claim they have removed 11,237 late payments. That sounds impressive until you find out they've only serviced 12,000 clients. A more important statistic is the agency's fix/deletion ratio, which is the total number of deleted items divided by the total number of derogatory accounts. Also, find out what that fix/deletion ratio is for the first round of correspondence.
Is the agency posting recent results on their websites or are they outdated? If results are several years old, take that into consideration. Does the company charge per deleted item? This can get very expensive for consumers of agencies that are very successful at what they do. Does the company charge their fees upfront? Charging upfront for credit repair is illegal unless they are exempt from the Credit Repair Organizations Act. Don't let the membership fee fool you; it's still an upfront charge no matter what way you look at it.
While I will only vouch for the company I work for, there are plenty of ethical and experienced companies out there. For example, members of the National Association of Credit Services Organizations (NACSO), nacso.org, go through a very strict and rigorous application process. Ethical and experienced companies have been here to help your clients and will continue to be here for many years to come.
Brian C. Aber
Senior Account Executive - HTDI Financial
Board of Advisors - www.nacso.org
877-877-4834 x704
brian@htdifinancial.com
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HTDI Financial was started with the idea that consumers should be able to do something about inaccurate, derogatory items on their credit reports. We are proud members of the National Association of Credit Services Organizations.
Since its inception, HTDI Financial has been helping remove these derogatory items by challenging credit reporting companies and the methods they use to tarnish the credit for so many hard working people.