Buyer Beware: In the credit repair industry, there are three different styles of businesses.
Local “Mom & Pop” Shops:
These local businesses typically have one or two part time employees that attempt to repair your credit. They are not true credit professionals and they do not typically keep up with industry changes. In most cases, they have simply read a book about credit repair and therefore do not fully understand the processes. These employees are not usually registered or licensed to perform credit repair. Though they are less expensive, you get what you pay for which is not much.
Monthly Subscription Companies:
The largest credit repair companies out there charge monthly fees. The employee will probably dispute one or two negative items from your credit report per month. Because the monthly fee is low, people tend to hire them for long periods of time (a year or more) and those fees add up. The company has no real incentive to fix your credit because if they do, they will lose a monthly customer.
The Credit Repairmen is proud to only charge our customers when we have negative items deleted from their credit report. We are a full-time, full service credit repair and restoration company. We specialize in helping people buy homes as quickly as possible. We are registered with the state of Texas as a credit service organization. We have professionally trained experts with backgrounds in mortgage and real estate investing.
When choosing the right company, be sure to do your homework and get the service that you deserve. When it comes to credit repair, sometimes something that sounds too good to be true may just be that.