What to Look for When Choosing a Credit Company

Being in debt can be overwhelming and stressful. It may also hinder your ability to seek proper help that is right for you.

Due to the feeling of panic and sense of urgency to get your financial situation straightened, you may fail to do your due diligence when looking for a debt repair company that can help you out. As a result, trying to repair your debt may do more harm than good if you are not asking the right questions. We’ve listed a few things to look for when seeking a credit repair company.

It is important for clients to ask us the right questions about any doubts they may have or to seek clarification on areas that do not make sense. Having a transparent relationship with your credit company is extremely important in knowing how exactly your debt will be repaid, and when it should be completely repaid. Here are some important things to consider when finding a credit company:

Transparency

Creating a transparent relationship with your credit company is important in ensuring you know exactly what is going on with your debt, how it is being repaid, and the projected timelines of when it will be paid off.

Meet face-to-face

Meeting your credit professional in person is important in building a trusting relationship with the credit company. At the end of the day, the credit company is handling your finances, and will need to obtain confidential information from you. Getting to know who is handling your money will give you a sense of trust or could tell you that they are not the right credit repair company for you.

Ask questions

Understanding your situation and asking important questions will help put your mind at ease while you navigate through your debt. No question is a dumb question; it is better you clarify things you are not sure of than to assume.

Record every charge and debt payment

Using a notebook, track the activity of your credit repair by recording when and how much is being paid towards debt. Often times, your credit repair company will have their own system of recording such payments, but having your own can make it easier to go back on transactions if any issues arise. Remember to read through your agreements so you are well aware of what you are signing up for.

A recent CBC article caught our attention, and we thought it would be worthwhile sharing it with our clients to take note on some important things to look for and/or ask about when seeking credit help. Click here to read the article.

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2018-04-04T17:38:02+00:00 April 4th, 2018|