When you’re ready to repair your credit, you’ll likely want to start the process as soon as possible. Before you settle on just any credit repair company, do your research first and choose a company with a solid reputation.

Why is working with a reputable credit repair company so important?

If you work with a fraudulent credit repair company, you could ultimately face fines or even prison. Repairing your credit will take patience and time, and any company that promises a miracle probably isn’t telling you the truth – and may create more problems for you. Taking the extra step to research your options will protect you in the long run.

So how can you spot a fraudulent credit repair company? According to the Federal Trade Commission, you can look out for a few telltale signs. These signs include:

  • Asking for payment up front before they will do any work
  • Advising you to not contact credit reporting companies
  • Telling you to give false information on your credit applications

Find out more information here: https://www.consumer.ftc.gov/articles/0225-credit-repair-scams

How to spot a reputable credit repair company

First and foremost, you’ll want to look for a company that offers a free consultation which should include an evaluation of your credit report. The company will tell you what it can and can’t do for you, without making false or grandiose promises. They should also help you understand your options.

Even better, a reputable credit repair company will have developed a proven track record over a long period of time. If they’ve been in business for more than five years, they’re likely following the rules and regulations put in place by the FTC. The company should also be licensed, bonded, and insured.

Another way to spot a reputable credit repair company is by looking at their staff.  If they are either attorney owned or have an attorney on staff, they are more likely to be doing business in a legal manner.

At Credit Marvel, we’ve taken the time to research and review the most popular credit repair companies, so you can feel confident that you’re choosing the best one. With the best and highest satisfaction rate among clients, these companies include Lexington Law, Sky Blue Credit, and CreditRepair.com. To learn more about reputable credit repair companies, visit this page (https://www.creditmarvel.com/credit-repair-companies/).