In the event all you knew about creditmergency companies was gleaned from the way that are portrayed in the media, you’d probably have a very low point of view of them. It seems like anytime a company gets mentioned in the announcement it is because they are being investigated or shut down. After a while you’ll begin to think that there is no such thing as a legitimate professional credit repair organization.
There are problems in the industry. Too many people out there are preying on desperate consumers who will do almost anything to get a fantastic credit score. When these companies get shut down it is a good thing. When ever media outlets warn people of the things to watch out for so they do become the victim of a scam, they are providing valuable tips.
But where the media fails us is by never portraying the positive side of credit repair. You never hear stories right from people who have had success. You never get to read about the life replacing results these companies have produced for consumers time and time again. It’s a shame. The fact of the matter is that for every story featuring a shady credit repair company, there could be dozens more featuring people who’s lives ended up completely turned around because of the assistance they received.
Instead of stating to both sides of the story, the media focuses entirely to the negative. But it goes even beyond that when talking about credit score improvement. It is common to find a story where someone has responded to a new telephone pole advertisement or a flier promising to restore all their credit, paid the company thousands of dollars upfront, and then gets very little in return. Granted, this is a terrible thing and the people powering such a racket should be held accountable, but the way those stories invariably get reported is a disservice.
These info stories almost always follow the same format. They start by revealing the who and what. Company A has been shut down for duping people out of money. But then the stories always devolve into the typical anti-credit repair messaging about how companies is unable to do anything for you that you cannot do yourself (true, but they are in all probability much better at it), how accurate information must remain on your credit reports (accurate in this sense is very open to interpretation), and how disputing errors is as simple as filling out a questionaire on the credit bureaus’ websites (something any expert will say to you is a bad idea).
It is because of the way these news useful end up that so many people get turned off from credit repair should the fact of the matter is that the companies these articles are written about own little to do with actual credit repair and whether or not the practice is certainly legitimate. The things they are doing wrong (taking people’s revenue under false pretenses) would be wrong in any industry.
When it is00 promising to clean up people’s credit, and credit repair is seen to be a target, these companies are portrayed as what is wrong in the industry. If perhaps instead of promising to clean up people’s credit, these con artists were definitely promising to take care of people’s lawns and then not fulfilling their whole promise, you certainly would be reading stories about how to avoid your lawn care scam and how there is nothing a lawn caution specialist can do for you that you cannot do yourself. But when repairing credit is involved, it becomes an issue with the whole industry as compared with the individual offenders.
It is hard to have confidence in a service as you hear so much negative about it, but when it comes to using a agency, doing so may be one of the best financial decisions you can make. You see, there can be quality companies that would never think of taking your money and even running. These are companies that have been around for decades, employ more than 800 people, and have helped millions with their credit troubles.