Using a credit repair counseling service should only be considered as a last resort.
There is a lot of good they can do, but there is also a lot of harm that can be imposed.
If you need fast credit repair, you might be better off learning how to do it on your own.
There's actually not much a credit repair counseling service can do that you can't do without the help.
They do know the system, and they may have a process that allows them to submit negative item claims faster.
However, you can do everything they do entirely on your own - without having to pay the couple thousand dollars that many services charge.
The second reason you don't want to use a credit repair counseling service is because you can actually be more effective.
Lenders can tell right away just by looking at letterhead that you are seeking professional help.
As a result, they are less likely to work in your favor and will assume that they are using questionable tactics to fix your credit.
If you were to do the same process yourself, make the phone calls and write your own letters, there's a better chance that lenders will be more willing to forgive you and help you out.
Another reason you wan to avoid using a credit repair counseling service is because if you end up settling your debts, those lenders will put a big red stamp on your file.
This note will tell every lender that you used professional help to get out of paying back your debt.
While this won't have a direct impact on your credit score, it will alarm lenders and lead them to believe that you have no intention in paying them back.
This could make it difficult for you to get approved for the loan you need.
You are much better off spending a little bit of time learning the secrets to credit repair and doing it yourself.
This will allow you to reach your goal faster, increase your score more, and potentially save you from paying thousands of dollars in consulting fees.
There is a lot of good they can do, but there is also a lot of harm that can be imposed.
If you need fast credit repair, you might be better off learning how to do it on your own.
There's actually not much a credit repair counseling service can do that you can't do without the help.
They do know the system, and they may have a process that allows them to submit negative item claims faster.
However, you can do everything they do entirely on your own - without having to pay the couple thousand dollars that many services charge.
The second reason you don't want to use a credit repair counseling service is because you can actually be more effective.
Lenders can tell right away just by looking at letterhead that you are seeking professional help.
As a result, they are less likely to work in your favor and will assume that they are using questionable tactics to fix your credit.
If you were to do the same process yourself, make the phone calls and write your own letters, there's a better chance that lenders will be more willing to forgive you and help you out.
Another reason you wan to avoid using a credit repair counseling service is because if you end up settling your debts, those lenders will put a big red stamp on your file.
This note will tell every lender that you used professional help to get out of paying back your debt.
While this won't have a direct impact on your credit score, it will alarm lenders and lead them to believe that you have no intention in paying them back.
This could make it difficult for you to get approved for the loan you need.
You are much better off spending a little bit of time learning the secrets to credit repair and doing it yourself.
This will allow you to reach your goal faster, increase your score more, and potentially save you from paying thousands of dollars in consulting fees.