Credit Repair Companies: The Pros and Cons
If you have bad credit, you’re not alone. Studies show that 56% of Americans have bad credit; the Federal Trade Commission discovered that one in four people have had an error on their credit report that’s negatively affecting their score. One way you can improve your credit is by using a credit repair company, but these services aren’t cheap. Is it worth the money?
Pros of Credit Repair Companies
- Connections: When you hire a credit repair company, you’re paying for potential knowledge and connections that can help resolve issues with your credit history. If you choose a credit repair company that uses the assistance of an attorney, you can quickly move onto improving your credit through court.
- Budget Help: One of the biggest issues when it comes to credit is making a budget that will stick.