Credit Repair – It’s Not Just a Game!

by | Sep 28, 2022 | News | 0 comments

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Have you ever thought about credit repair? If you haven’t, then you might want to read through this article. Credit repair isn’t just a game. There are real consequences to poor credit scores.

The average American has $16,500 in debt. That means they owe at least $1,000 per month in interest payments alone. In addition to paying off their debts, Americans also pay taxes, insurance premiums, and other bills. All of these expenses add up to over $2,000 each month.

With such high costs, why would anyone choose to live with bad credit? Well, some people don’t even realize they have bad credit until they apply for a loan or rent an apartment. Others try to fix their credit without realizing that it takes time and effort. Either way, fixing credit can be expensive and stressful.

What is Credit Repair

Credit repair is the process of improving your credit score by removing negative items on your report. This includes things like late payments, collections accounts, and bankruptcy filings. The goal is to get your credit score as close to “perfect” as possible so you can obtain better interest rates on loans and lower monthly payment amounts.

If you’re looking to improve your credit score, start by making sure all three major bureaus report accurate information. That means paying bills on time, not missing payments, and keeping balances below 30% of your total available credit. Next, focus on improving your payment history — if you haven’t paid off any debt in the last six months, don’t expect lenders to give you the benefit of the doubt. Finally, try to build positive items into your credit profile. For example, if you have a steady job, consider including references from employers who will vouch for your reliability.

There are two types of credit repair: one-time fixes and ongoing maintenance. One-time fixes include getting rid of old collection accounts, correcting errors on your credit reports, and deleting inaccurate information. Ongoing maintenance involves monitoring your credit reports regularly and making sure any new negative information doesn’t appear.

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Working With Creditors

If you’re willing to put in the time and energy, working with creditors is one of the most effective ways to improve your credit score. By negotiating with creditors directly, you can remove negative items from your credit report and reduce your overall balance.

However, if you want to save time and money, consider using a credit repair agency instead. They will act as a mediator between you and your creditors, allowing them to negotiate on your behalf. They won’t actually make changes to your account. Instead, they’ll send letters to the lenders explaining your situation and asking them to take certain actions.

Instead of you regularly disputing inaccuracies on your credit history to the credit bureaus, they will do it for you. In return, they’ll receive a fee for each action taken. Even though you pay a monthly fee with these agencies, it will still be cheaper in the long run because once they’re able to fix your credit, you will qualify for low-interest rates on loans and other financial products. Imagine the amount of money you could save!

You also will have peace of mind knowing that a credit expert is taking care of your credit disputes with the bureaus. You do not need to do long hours of research on what to do and how to do things, because an expert will do all of that for you. 

Credit repair isn’t easy, but it’s certainly worth it. Once you’ve made improvements, you’ll notice a difference in terms of how much you pay each month and how easily you qualify for loans.

Are Credit Repair Agencies Legit?

Credit repair agencies are legitimate businesses that help consumers fix problems with their credit reports. They do this by assisting consumers to find errors on their credit reports and correct those mistakes. While there are many different types of credit repair companies out there, some are better than others.

Here are three things to look for when choosing a credit repair agency:

1. Reputation

The best way to determine whether a credit repair agency is reputable is to check reviews online. Look for customer testimonials and see what people say about the company. If someone had a problem with the company, chances are good that others did too.

2. Pricing

Some credit repair companies charge upfront fees while others require monthly payments and some do both. Make sure to check pricing before you sign up. Some companies offer discounts for multiple accounts, while others don’t.

3. Get A Free Consultation

If you’re considering hiring a credit repair company, don’t just sign up without getting a consultation. This way, you can learn exactly what the process entails and whether or not it makes sense for you.

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How Do I Know Which Company Is Best For Me?

Before choosing a company, you should research all of the options available to you. There are many different companies out there offering credit repair services. Some specialize in one type of service while others offer multiple services. You may find yourself overwhelmed when trying to decide which company is right for you.

Royal Financial Services is one of the legitimate credit repair companies that is licensed and bonded and offers 24/7 client support via phone, email, and text messages. We do not just help you fix your credit, we also provide credit education so you can maintain your credit score.

Our goal is to make sure that you are satisfied with our services and we want to earn your business. Our team is dedicated to providing top-notch customer service and making sure that you are completely satisfied with Royal Financial Services. We aim to ensure that our clients have the proper knowledge to achieve their personal credit goals to manage their finances and build a solid foundation for future success.

We understand that each individual has different credit situations and credit needs. That’s why we work closely with our clients to ensure that we meet their specific needs. We provide free consultations so we can discuss your credit 

We have helped lots of clients over the past decade and we continue to provide excellent service today. So, what are you waiting for? Schedule your FREE CONSULTATION with one of our credit experts today!

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