Home > Bankruptcy Articles, Credit Card Articles, Debt Articles, Loan Articles, Real Estate Articles > Credit Repair – To Pay for It Or Not to Pay for It?

Credit Repair – To Pay for It Or Not to Pay for It?

Todays Date: November 21, 2018

When it comes to the question of whether or not you need professional help with your credit repair, there are a lot of pros and cons to both sides. Let’s pick the question apart some. It’s not always a clear matter oi right and wrong; it just depends on your unique situation and how much money you have or don’t have and how much time you have or don’t have.

The “pros” of doing it through a credit repair company are pretty obvious:

1. You don’t have to figure it out.

2. You just have to do what you are told.

3. If you do it with a reputable company, you will save time and some peace of mind

The downsides of doing it with a credit repair company are also pretty obvious:

1. It can be expensive: $600 – $1500.

2. The work they do is quite basic and you might feel ripped off at the end of the day.

3. You still have to put in a fair bit of work when you go with a company. Even though you don’t have to know why they will ask you to do what they ask you to do, they will probably explain it and when you realize how simple it is, again, you may feel ripped off.

4. They will probably only spend about a couple of hours actually working with/for you. Again, you might feel ripped off.

5. They typically bill monthly so they are not under pressure to get your credit repaired fast, because as soon as you are satisfied, you are no longer their customer.

The benefits of doing credit repair by yourself are as follows:

1. You will save a great deal of money.

2. You will learn something.

3. You will find that it really isn’t difficult.

4. There are free tools and info online that you can easily access.

5. There are forums on the web where you can ‘talk’ to people who have done it before.

The downsides of self credit repair are as follows:

1. It will take you some time.

2. You might not be sure if you did everything correctly.

3. Your letters could be rejected if you do it incorrectly.

4. You could lose the time you put into it and end up going with a credit repair company.

In the end, either way is good as long as it is done right. If you start working with a bad credit repair company, then you stand to lose a lot of money for no result. This happens. On the other hand, if you do it on your own and you don’t do it right, you will burn a lot of your time. You need to decide what is more valuable to you in the long run, your money or your time, and which you can more afford to invest in the credit repair endeavor.

http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/digg_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/reddit_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/dzone_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/stumbleupon_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/delicious_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/technorati_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/google_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/yahoobuzz_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/mixx_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/twitter_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/jamespot_32.png
Comments are closed.