Credit magicians, do you need one?
If your credit is in shambles you may feel compelled to hire a credit repair specialist. But, do you know exactly what a credit repair specialist does? Most people don’t. In some instances, you might be able to clean up your credit yourself. All it would take is time and patience. Then again, if your credit is severely damaged, hiring help could be well worth it. In either case, knowing the role and duty a credit repair specialist can help you determine if you need to hire one.
Qualified to do the job
When hearing the term “specialist,” you expect there to be specific qualifications that the person holds. In the role of a credit repair specialist that isn’t necessarily the case. There are no certifications that a person is required to have to do the job. That can be daunting when you’re trying to hire someone trustworthy with your personal information.
Have the potential specialist show you past work they’ve done. Put them through an interview. You have that right. Also, try to find someone that is certified by a non-profit organization like the Credit Consultants Association or the Association for Financial Counseling & Planning Education.
The big question is, “What exactly does a credit repair specialist do?” The truth of the matter is that they can do a lot. Ultimately, they repair your credit. But, the way that they do it is what makes it special. Your specialist will do a very thorough examination of your credit report. They will use their knowledge of the Credit Repair Organizations Act, Fair Credit Reporting Act, and the Fair Debt Collection Practices Act to determine what can be removed.
They will also present to you the best options on what items need to be disputed, settled, or simply paid off. The right credit repair specialist for you will evaluate and create a personalized plan for you to get your credit back where it needs to be.
Do you need a credit repair specialist
A credit repair specialist can be a great help to you, but not a necessity. If you’re willing to put in the tedious and time-consuming work, you can get do a lot of the repair work yourself. Sit down and look at your credit. See what disputes and settlements you can get done on your own. You might be surprised at how much you can accomplish.
If it gets to be too much, you now know what to look for in a credit repair specialist for you