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What is the difference between a
Computerized Credit Repair Company and a
Personalized Credit Repair Company?
Simply put, a Computerized Credit Repair Company is nothing more than a Dispute Mill: an on-line company
that has a sophisticated computer software
program that allows them to input all of your
credit report information. Then, their program
spits out a dispute letter every 30 days. These
companies are typically operated under the name
of a Law Firms, and charge a nominal fee of
$20.00 to $40.00 a month. Some of these
companies even require you to fill out your
own disputes and letters from their website,
basically charging you monthly so you can repair
your own credit report! These
computerized mills only dispute a
limited number of accounts a month, this way
they can justify a monthly billing cycle. They
only dispute with the three major credit
reporting agencies, not Innovis (the fourth
bureau) or any of the other lesser known
bureaus, Check Systems, or your creditors,
collections agencies or courthouses. We have
seen a few Mills that have added a direct
dispute or debt validation process to their
program for an additional fee, but it is very
limited.
A Personalized or Real Credit Repair Company has a staff of
credit repair counselors or specialist that
actually prepare unique document for their
clients. A real company should do more than
dispute negative accounts with the bureaus.
They should dispute with the Furnisher of
Information, that means the original creditors,
collections agencies and courthouses when
needed. They should not just be asking for
"verification", but for validation, proof of a
debt, and contract. They should be willing and
able to enforce the procedures and timelines
laid out by the FCRA, the FACTA, HIPAA and the
FDCPA.
A real credit repair company should be
working on all of your accounts at one time and
have a projected completion date of 6 to 9
months. Real credit repair companies should mail
your letters certified or certified return
receipt requested. This is the only way
to enforce the 30 day period of time from the
FCRA! And, let's face it, a Real credit
repair company is going to have to charge
a little more than $45.00 a month.
(Remember, you get what you pay for!)
Consider these questions:
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Will they review your credit reports for
free, BEFORE you sign up with them or pay them any money? Yes! We will review
your credit reports for free BEFORE you sign up with us.
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Do they only send dispute letters to the
three credit reporting agencies, or will they dispute directly with
creditor, collections agencies and courthouses if necessary? And at
no extra charge? We send disputes to the
credit reporting agencies, your creditors, collections agencies, and even
courthouses! We do a full disputing process, not just a simple
bureau dispute. And we do not charge extra for our direct dispute
service! (Watch out for other companies "upgrades".)
-
How many accounts will they work on at one time?
Several companies will only work on
5 to 8 accounts at once, we work on them all! There is no such law
or regulation that you can only dispute a curtain number of accounts at
once. But, think about it, if you charged based on a monthly fee
would you really want to work on all the accounts at once, or would you
want to drag it out???
-
If you are going to hire a Law Firm, will they be
representing you or sending the letters on your behalf?
Why would you hire a law firm if
the lawyer is not going to work for you? If they are not going to
"represent you" and they are going to send letters on your behalf, like
every other credit repair company, why would you want to pay a lawyers
salary in your credit repair fee?
-
Do you have to fill out your own disputes on-line?
This is a new technique... I have
to hand it to them, they have a great money making scheme! They have
clients sign up and fill out there own dispute letters on-line, then the
"law firm" mails them out. And they charge an on-going monthly fee
for you to repair your own credit! If you are doing to have to do
the work yourself, you can do it for much less than $34.00 a month!
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Do they have a physical location that you
can go to if you live close enough? Yes! If you are in
central Florida, please come on in and meet your counselor face to face.
Or stop in when traveling through the state, we would love to meet you.
If you are
serious about repairing your credit and
getting real, long term results, than you
need a Real Personal Credit Repair Company!
Please take a look at the complete services
we offer and then check around, we are by
far, the lowest priced Real Credit Repair
Company anywhere.
Click
Here for a
free credit report evaluation. Or
Here to
sign up now! |
