If you have bad credit, you probably already know about the challenges involved with trying to repair it. Nowadays there are dozens of solutions out there but some can be quite expensive. To repair or build your credit, why add an expensive credit repair bill to your outstanding debt? Selective Credit understands this problem. We provide high quality, affordable credit repair solutions so you can achieve financial freedom in no time.
Why People Have Bad Credit
There are many reasons that responsible people have bad or fair credit. Perhaps a life event, like divorce, major illness, or job loss, created a temporary lack of funds to pay existing credit card debt or loans on time. At Selective Credit, we realize situations like these can happen to anyone. Having bad credit can make life a lot more difficult and so it is our mission to help people overcome these types of challenges.
How to Find Affordable Credit Repair
Step 1: Identify & Research Credit Repair Providers
Do your homework to find cheap credit repair services, then compare customer reviews. If you can afford a credit repair provider with many satisfied customers, this is a good sign. Still, you should continue to ask questions until you are confident they can fulfill your needs. For instance, if you want the credit repair firm to send text communications, ask each credit repair firm how they communicate with customers. Alternatively, if you’d rather receive email or use a client portal, select an affordable credit repair firm that aligns with these preferences. Not all credit repair firms are alike. Never choose the cheapest credit repair service without doing any additional homework, unless you’re absolutely convinced it’s the right match for you. We recommend reviewing cheap credit repair companies as thoroughly as you can.
Step 2: Learn About the Credit Repair Process
Most credit repair firms focus on cleaning up your credit report. They will pull your credit reports from the major credit reporting agencies (CRAs)–Experian, Equifax, and TransUnion–and identify items to dispute on the report, some of which you may not have been aware of. The Federal Trade Commission (FTC) reports that many consumer credit files contain errors. Since each CRA’s credit file for you is unlikely to report exactly like the others, the credit repair service will target errors on each CRA’s file in your name. Removing an error from one CRA’s file can help you remove a similar error from other CRAs’ files.
Step 3: Select Affordable Services That Are Catered to You
If you have bad credit, you may need multiple services from the credit repair company in order to adequately rebuild your credit. This where a credit repair specialist can come in; they can craft a specific set of solutions for your particular needs. In addition, you should ask them to estimate how long it will take to clean up your credit files. This will give you realistic expectations, so you don’t get disappointed later on.
Don’t pay for credit repair services you don’t need. Let’s say the credit repair service offers access to its credit repair templates but you don’t need this service now. Ask the credit repair firm about different monthly service plans offered. If you don’t need the most expensive service, don’t pay for it.
Step 4: You May Need Access to Credit
Many folks will need access to credit in order to build or rebuild their credit. If you’ve had financial problems, perhaps you decided to live on a cash basis for awhile. Although paying for everything in cash is satisfying on one level, it won’t improve your credit.
Ask the credit repair service about your available credit amount. If you need access to a new credit card, the cheap credit repair service may be able to help you get approved for a new card. After that, it’s up to you to demonstrate responsible use of the credit card by making timely payments. This is obviously the most important step towards building up your credit – to show creditors you can make payments on-time.
At Selective Credit, we understand that if your credit reports show late payments, charge-offs, bankruptcy, eviction, mortgage default, or unpaid hospital and medical provider bills, it’s important to repair your credit as soon as possible. We can provide inexpensive credit repair solutions to help get your credit back on track, so give us a call today.