There are many surprising, and even some downright shocking
deceptions waiting for anyone who begins the treacherous
journey of credit repair unprepared. And I define unprepared
simply as not having done even the most BASIC due diligence
and research before seeking help. In my opinion, and many
people will probably not share, or appreciate this
sentiment, but credit repair counseling services, especially
some of the so called "non-profit" ones, can not only be a
complete waste of your precious time, but in many cases can
actually be HARMFUL to your credit score!
Why? Very simple. First of all, do NOT be impressed with a
not for profit designation. It is not difficult to get, can
be rescinded and is not symbolic of any sort of governmental
approval for the service you are hiring. Often times, this
is a well orchestrated and choreographed veneer simply for
gaining the trust of an unsuspecting consumer who is
predisposed to believe not for profit means a trusted
source. It doesn't and you shouldn't until that trust is
earned. Secondly, often time's credit repair counseling
services actually are working in tandem with your creditors,
helping them get their money back by establishing a
repayment plan for you. Often times these very agencies are
also getting a PERCENTAGE of the re-payment you are making.
So find out where their bread is buttered so to speak. You
want an advocate for YOU, not one who is "helping" you with
one hand, yet scratching your creditors back with the other.
Lastly, many arrangements that are created out of this sort
re-payment agreement, as established through these
counseling services show up on your credit report as such -
and are difficult to remove later. In other words, once you
realize that the "counseling" really wasn't a huge help, and
you want to try traditional credit repair methods - you may
be out of luck! Keep these things in mind BEFORE you hire
that next non profit, and you will be far better for it, I
promise!
Stop! They are LYING their rear end's off about YOUR credit score!
Read to learn the real truth about good credit and how you can STOP once and for all the malicious MYTHS, major misinformation and DIRTY deception they WANT you to believe.
Download your totally fantastically FREE credit secrets E book too!
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