{"id":2635,"date":"2008-07-30T12:06:08","date_gmt":"2008-07-30T17:06:08","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/07\/30\/it-is-buyer-beware-when-it-comes-to-credit-repair\/"},"modified":"2008-07-30T12:06:08","modified_gmt":"2008-07-30T17:06:08","slug":"it-is-buyer-beware-when-it-comes-to-credit-repair","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=2635","title":{"rendered":"It is Buyer Beware, When It Comes To Credit Repair"},"content":{"rendered":"
by Jon Ochs<\/div>\n

When it comes to making a decision about which credit<\/a> repair company to go with, most base their decision purely on price. If you are taking your credit repair seriously, this can be huge mistake.<\/p>\n

Most people don’t realize that all those credit repair companies that charge on a monthly service fee basis are only going to do a very small amount of work each month. This method of billing allows virtually anyone to start and represent themselves as a credit repair expert, and not have any responsibility to produce results. If you are like the average person, you most likely have an average of 4-12 negative items on each of your credit reports. If you are only paying $39 – $79 for a monthly service fee, the credit repair company is only going to work on a couple items at a time. Keep in mind also that with the monthly service fee model, the credit repair company is actually incentivized to take as long as possible to clean up your credit. You may easily end up paying far more, with fewer deletions, than you would have with a simple flat-rate credit repair program.<\/p>\n

With the flat-rate payment model, the company is motivated to get your credit cleaned up as quickly as possible, and that is what most people are looking for, isn’t it? I have never spoken to a client who wanted to clean up their credit slowly. With all that said, you need to be very careful when choosing the right credit repair company, as they are not all created equally? The first thing you should do is check out their complaints record. If the company has been in business for more than a few years and has not been providing a good service, you will hear about it on the Internet. Just go to Google and type in “[company name] complaints”. If you get more than just a few complaints about the company, you should beware.<\/p>\n

The Federal Trade Commission has made statements that tell consumers to stay away from credit repair companies, and not to work with any who charge a fee up front. The main reason for this is that they are tired of getting complaints about credit repair companies that take client’s money and not perform any work. Since the FTC cannot recommend any particular company, their policy is to simply tell everyone to stay away. Many companies have since adopted the model of charging a monthly service fee instead of charging for the credit repair itself. They have found it to be easy money, as most clients will sign up for this type of service and forget about it; leaving the credit repair company to continue receiving payments for a longer period of time with no obligation of work.<\/p>\n

I cannot tell you how many times a week we get calls from people who have been a client of a monthly service fee credit repair program for more than one year, and have only seen a couple of improvements on their credit reports. I personally find this appalling, and so should you.<\/p>\n

I hope you find this information useful in your quest for the best credit repair company and program.<\/p>\n

\n
About the Author:<\/div>\n
Jon Ochs has over a decade of experience in the credit field and is the founder and CEO of NCA Credit Repair<\/a>. Get your free credit consultation, and credit repair estimate.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

When it comes to making a decision about which credit repair company to go with, most base their decision purely on price. If you are taking your credit repair seriously, this can be huge mistake.<\/p>\n","protected":false},"author":1259,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[77],"class_list":["post-2635","post","type-post","status-publish","format-standard","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1259"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2635"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2635\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}