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Credit Repair Three Consumer Options to Fix Bad Credit

Credit Repair Three Consumer Options to Fix Bad Credit

Credit Repair is a huge moneymaking business in the United States these days. Millions of dollars are spent annually by people who are in need of credit help. There are Lawyers that do nothing but specialize in credit repair work. Numerous credit repair companies are all over the country in all 50 states. Getting help to fix bad credit is quite easy. There are dizzying amounts of commercials on TV, in newspapers and on the Internet all devoted to the subject of fixing credit. Let’s take a look at some of the various ways of dealing with credit and raising credit scores for consumers who are not familiar with the steps involved.

The first way is to use an Attorney to help you fix your bad credit report. Lots of people are under the impression that a credit repair Lawyer is the best way to handle their credit problems. For some people using an Attorney is a good way of solving their problem and raising their credit scores. However, this is a very expensive way to handle the situation. It can cost you $5000.

The second method of credit repair involves using a company that specializes in fixing bad credit. Some companies are operated as nonprofit agencies. Others work as for-profit businesses. There are some excellent places that will help you fix your bad credit. These companies can charge upwards of $1000 for their services. The problem is, how do you find a competent one?

The third way is to fix your credit your self. In the US the Federal Trade Commission is the United States Government agency that overlooks the credit repair industry. There are lots of complaints about the credit repair Industry from consumers. Only 17 states require any kind of license to do credit repair. The Federal Trade Commission website says this: “Everything a Credit Repair Clinic can do for your legally, you can do for yourself at little or no cost”. The question is how?

Let’s summarize your options for credit repair. There are three options that you have to fix bad credit. The first is to use an expensive Attorney. The second is to use a credit repair company which can cost $1000. Thirdly, according to the FTC, you can fix your credit yourself. You have three options at three different price ranges. Choose wisely.