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101 Powerful Tips for
Legally
Improving Your Credit Score
Dealing With Professional
Credit Help
Page 1 of 2
Credit repair is big
business, and there are many companies that will promise to help
you get out of bad credit problems. There are a number of
legitimate resources that can help you in improving your credit
score but there are also a number of less than reputable
companies out there that will take your money but offer you few
(if any) valuable services. A few basic tips will help you see
the difference:
Tip #34: Seek
professional help
If you are in over your
head, and your credit is so bad that you cannot get a loan and
may even be facing bankruptcy, you may want to seek help from
professionals. There are a number of financial professionals
that can help you with credit repair:
Bankruptcy lawyers and
bankruptcy advisors: Bankruptcy
lawyers can help represent you in bankruptcy proceedings.
Advisors can help you decide whether to apply for a bankruptcy
and how to proceed once you do decide to file.
While getting a bankruptcy
lawyer and filing for bankruptcy can be upsetting and can
dramatically affect your credit score for many years, it can
also give you a chance to start over financially and can help
you reestablish good credit again in the long run.
Credit repair companies
and credit counseling companies: These
companies can help you by acting on your behalf with credit
companies, by advising you on what you can do to repay your
bills faster, and by helping you make better financial
decisions.
Accountants and tax
services: Accountants and tax filing
services can help you make the most of your money by making sure
that you do not end up overspending on taxes.
Bankers and bank officers:
Most banks today want to not only help you keep your money but
are willing to work with you to make the most of it. As a
banking service, many banks today offer free investing advice,
saving advice, and personalized meetings with bank officers that
can help you figure out your money
situation.
Lenders and bad credit
lenders: How you deal with lenders
will determine how well your credit score works. Avoiding too
many inquiries by not applying for too many loans, establishing
long-term business relationships with bankers, and doing
business with bankers in an organized and professional way (i.e.
paying your debts on time) will go a long way towards giving you
a credit rating. In turn, a good credit rating will make it
easier to deal with lenders.
Tip #35: Look out for
credit repair companies.
Many companies out there
advertise that they can help you with credit repair, but the
quality of these services - not to mention what they offer -
varies widely. Some companies really can help you with credit
repair while others are actually under investigation for suspect
business practices. If you decide to seek help from a credit
repair company, be sure that the company is legitimate and
offers you viable services.
In general, you should be
looking for non-profit credit counseling services rather than
credit repair companies (some of which are really just lenders
offering home equity loans anyway, which are of limited use to
you if you want to improve your credit).
Check to make sure that the
company has good standing with the Better Business Bureau and
clients who are happy with the credit repair services they
received from the company. Always read the paperwork carefully
before you sign and make sure that you understand how much you
are paying for and how much you are paying.
Before deciding to seek help
from a credit help or credit counseling service, be sure that
the problem cannot be resolved on your own. Indications that
you may need credit counseling include:
-You cannot pay your bills
and avoid the necessities of life.
-You avoid the phone, the
mail, and the door because you are being harassed by collection
agencies.
-You have avoided going out
because you feel terrible about your financial state.
-You have no idea how you
will repay your bills and loans - you do not know where to
start.
Tip #36: Seek free or
inexpensive help before seeking paid credit repair help
If you need credit repair,
odds are good that your finances aren’t in the best possible
shape. That likely means that you should attempt to spend as
little as possible on credit repair - the money you save can be
channeled into repaying your debts. Before seeking credit
repair services, follow the tips in this ebook in order to
repair your own credit.
Also, seek out free or
inexpensive sources of credit repair help. Some non-profit
credit counseling services are actually registered charities and
will work on your behalf. If you can get help from one of these
companies or undertake credit repair yourself, you will be able
to save money quite easily.
In addition, these companies
tend to be more legitimate than credit repair companies that
take your money, anyway.
Tip # 37: It will be
easier for financial experts to help you if you seek credit
repair help sooner rather than later
If you do decide to seek
credit repair help from the experts, it makes sense to seek that
help before your financial situation spirals too far out of
control. After all, credit repair experts can do little for you
if your credit and financial situation is so bad that the only
option left to you is bankruptcy.
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