Do you need to consider Credit Repair?

by Tom Tousignant

in Blog, Wealth Building

For some folks, it’s not as easy as simply paying down the balances on a few credit cards to improve their score to where they need it to be.

Sometimes, a person needs professional help to get credit scores back to where they should be.  If you have some of the following on your report, you may want to consider using a credit repair company:

  • Charge-Offs
  • Old Collection Accounts
  • Defaulted Student Loans
  • Judgments & Tax Liens
  • Foreclosures
  • Bankruptcies (Discharged or Dismissed)
  • Repossessions
  • Late Payments*

*Late payments within the last 12 months usually can’t be repaired – you just need some time to pass without any more late payments.

With Credit Repair Companies, just like Mortgage Companies, there are good ones and bad ones.  Ask a trusted adviser, or a mortgage professional for a recommendation, Google the company for feedback, and check with the BBB to get the right company to assist you.

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