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Posted on October 21, 2009 by Evan Harris | Posted under Credit
How to Repair Bad Credit – the Banker Perspective
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It is definitely possible to repair bad credit and boost your credit score but prior to doing so there are important factors you need to understand before implementing a solution. What is my purpose for writing this article? As a career community banker I've helped many hundreds of people over the years with their financial services needs. I've seen far too many people have trouble getting the services they need because of a problematic credit report and I feel as their banker I was obligated to help with this aspect of their financial lives. I want to share my experience because during these difficult economic times more and more people are finding themselves in need of real help in this area. At a later date I will get into how to rebuild credit using things like bad credit loans or secured credit cards. How to Repair Bad Credit There are three basic strategies 1. "Do it Yourself" - I can no longer recommend this option. This was more viable a few years ago but the reporting agencies have reacted and you should be looking at other means. Chances are if you purchase a do it yourself credit repair ebook online you will be wasting your money. Also, if time is of the essence then it is better to get experts on the job now rather than first learning how to repair bad credit yourself. 2. Retain Legal Council - Bottom line here is this tactic can work if you get with the right firm. Some firms are well versed in credit law, have streamlined systems and know how to repair bad credit quickly. Understand though that specialty legal assistance is not cheap. 3. Specialty Credit Repair Services - This is my preferred solution and one that I've seen benefit many of my clients to repair bad credit problems both small and large. But be very careful who you chose to work with! In fact, the FTC is currently investigating on quite a few of these firms. Before you go this route you must make absolutely certain you are dealing with a reputable company that truly knows how to repair bad credit. Please only consider companies that will guarantee you all of the following points: A dedicated credit professional that you can speak with 1 on 1 No cost initial consultations and without obligations A realistic credit repair program custom fit to your specific situation and agreed to upfront so it is completely understood No questions asked full refund policy The ability to successfully negotiate bad credit debt reduction with creditors on your behalf Competent budgeting planning and assistance - a winning debt management system 24/7 support as well as no limit access to your credit report information One company that I recommend highly is My Credit Group. They are experts in how to repair bad credit. They provide all of the required features you need, a solid record of success, and they have successfully helped many of my clients in the past. If you or someone you know needs help then I recommend you get started by talking with a Credit Expert right now. How to Repair Bad Credit - Quality Solutions #randurls[2|1| |]# About The Author: Evan Harris is banker by profession with over 24 years experience helping people like you to get the best financial assistance possible. He is also an accomplished investor and runs the popular weblog StockFalls.com. Married to his college sweetheart and father of three, Evan's hobbies include restoring and flying biplanes, fly fishing and volunteering for a variety of community endeavors. |
Tags: HOW TO FIX BAD CREDIT, HOW TO DISPUTE BAD CREDIT, CREDIT CARD DEBT, BAD CREDIT CAR LOAN, BAD CREDIT
