Money | Debts | Financial Freedom

Credit Repair Advice: Do-It-Yourself Vs Agencies

Here’s a piece of credit repair advice: you need to consider the benefits and costs to using a credit repair agency.

You’ll save a monthly fee you would pay an agency by doing it yourself. You’ll know exactly where you are in the process at all times when you send a letter or make a call. If you make all your own contacts, you’ll be able to provide the personal touch to make it all that much more believable. Nothing screams agency like a form letter with no details.

If flexibility is important to you, you’ll probably want to repair your credit yourself. Sometimes things come up in life and you need to put your credit repair on hold a while. You can make judgement calls that fit you instead of finding out what an agency did after the fact. For instance, if you see a charged off account that’s 6 years old, it might make sense to leave it alone. Most negative items can only be reported for 7 years anyway.

A couple of reasons you might want someone else to work on your credit are that it does take a little time and that you might struggle with self doubt and wonder if you were doing it right. When it comes down to it, credit and financial health are one of those things that you probably shouldn’t pay someone else to do. It’s like your physical health or raising your children. Yes, you can pay for someone to help now and then but it’s ultimately your responsibility.

If you’re not sure what to do, there is more credit repair advice online than you could ever need. The challenge is figuring it all out and putting it in order. My advice is to find a reputable book or course that puts all the pieces together for you. Learn from another person’s experience and save yourself the time.

What about using an agency?

A credit repair agency will do the same thing you can do for yourself. You can send letters. You can read articles on credit repair advice. You can open or close lines of credit and negotiate your rates. On the other hand, sometimes it’s nice knowing someone is negotiating for you.

The experience many consumers have had is that credit repair agencies take your money and then simply send out a form letter for you. It’s possible the reporting agencies see the letter and reject it based on vague information. Nobody likes being spammed with generic letters.

If you’re waiting for the credit repair agency, you might be missing out on other things you could be doing in the meantime. When they’re being paid by the month, the incentives are stacked against them moving quickly and keeping you informed.

My recommendation is to do your own credit repair. Spend a little bit of the money you’d give an agency and get yourself a good book or course. Your financial future is up to you.

Fix bad credit! Do your own credit history repair without an agency. Visit www.creditrepairsecrets.org for free credit repair secrets.

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