Why Your Credit Repair Plan Isn’t Working
You have bad credit, you’ve done a little research. You don’t feel like this is a job you can take on alone, and you decide to enlist a credit repair company’s help. Yet things don’t seem to be going the way you’d hoped. After making a proactive choice to address your debt and the negative items on your report, why are you still floundering? Sometimes people are looking for a quick and easy solution for their problem, but addressing debt is a layered process that involves responsibility and dedication from both the credit repair company and you. Let’s take a look at few ways your present plan of attack might be sabotaging your struggle to improve your credit score.
Credit repair companies will often assess your credit score and try to remove the easiest items first.
While this appears impressive because it removes a lot of little items from your report, it doesn’t improve your score the way you hoped because these aren’t the items making the biggest impact. At Prime Standard we address the items with the most negative credit impact first, thus ensuring that your score will improve more quickly. It’s more work but the result is worth it.
Some companies try to dispute items on your report by filing e-disputes.
Emailed disputes can result in that negative item popping up on your report again, or the item might be validated quickly by a collection agency (sometimes too quickly) and become untouchable for a time. It’s better to file a snail mail dispute with supporting documentation to ensure those erroneous items are deleted for good.
A tip: keep scans or physical copies of your dispute and always send the dispute via certified mail.
Prime Standard can help you in this arena. We always approach disputes via traditional mail. It may be slower but it’s far more effective. It alleviates having to redo the work down the road, saving you time and money.
Let’s say your credit has been repaired. Have your spending habits? There are quite a few credit repair companies that will send you out the door with a congratulatory pat on the back once they’ve helped you reach your goal. But neither they nor you have addressed the key issue. The issue being by getting you proper training for better financial habits will help you keep your credit score in check. Prime Standard offers a credit education program and one-on-one follow-up to ensure you don’t fall back into the cycle of debt.
These are just some of the ways your credit repair company can affect the speed at which your credit improves. Hard work reaps better rewards, and the rewards that come with good credit are worth the time and effort.