Finding reputable credit repair services in Houston can be a harrowing task. On one hand, you can improve your credit and finally be approved for that big loan. On the other, you can fall victim to a scam and make your financial situation even worse. There are a few important things to know about credit repair services in Houston before you partner up with any of them.
What is a Credit Repair Service?
A credit repair service will analyze your credit reports for any misinformation that could be lowering your scores. Once they find a few marks, they reach out to each bureau on your behalf. The goal is to report these mistakes to the bureaus and get your score improved.
How to Verify That a Credit Repair Firm is Trustworthy?
Unfortunately, there are tons of scams in the credit repair industry. These scammers know that people are prone to making bad decisions when in a desperate financial situation. It is important to thoroughly investigate each prospective credit repair service you are considering.
There are a couple of things you can do to get a feel for who the firm operates. You can investigate the Consumer Financial Protection Bureau’s complaint database to see if anyone reports the company as a scam. If the company is in the clear, move on to reading as many reviews as possible. Gather reviews from many different sources in order to determine if the information is accurate. Only trusting one site is a great way to get scammed. Many shady businesses will hire bots to post fake positive reviews on their behalf. The ultimate litmus test is to consult the reviews on the Better Business Bureau’s website. These reviews are verified by the BBB and almost impossible to fake.
How Do Houston Credit Repair Companies Help?
When you first partner up with a firm, your latest credit report will be pulled from each of the three major bureaus. The repair service then combs over every last detail in order to expose any errors. Once they find each discrepancy, they lay out their plan of attack. These discrepancies are most commonly found in charge-offs and tax liens.
The company then reaches out to each bureau on your behalf. They can write letters to dispute negative marks, and they can instigate requests to validate the information. If you have a debt collector hunting you down, some repair services will even file a cease and desist order to help you out.
How Much Will It Cost?
Each credit repair company has its own way of charging their clients. The most common practice is to charge a flat rate based on how much your credit has improved. Other companies charge you for each individual discrepancy they fix. If your credit repair service is going to take a while, you may even be charged monthly. Shop around in order to find the best value possible. The amount you save on improving your interest rates can easily pay for these services.
How Long Does it Take?
Many typical credit repair services in Houston can bolster your score in around 30 days. This is about how long the bureau investigations will take. Once the investigation is over, your credit repair company must contact you within five days. If your score is extremely low, it may take a few consecutive months of improvement in order to return to a reasonable status.
Synergy Credit Pros is Committed to Helping Houston Residents with Credit Repair Services
Synergy Credit Pros provides credit repair services in Houston. They have a sterling reputation for success and customer care. If you would like to connect with a credit repair professional today please contact us at (866) 709-9461.