Credit Repair & Debt Relief Issues

The Decline of the Credit Repair industry

Over the past couple of years there has been a huge boom of new credit repair companies as well as individuals claiming to do credit repair services. With this boom, there has been a huge increase in consumer complaints about the industry. The most common complaint being, “I paid my money and they never did anything for me, and I cannot get a hold of anyone.” The largest reason for this is that most of these credit repair professionals are nothing more than people who have purchased a do it yourself ebook on credit repair, and then begin soliciting money from others.

The problem with his is that even if these ebooks contained valuable information (most of them don’t), there is a big difference between cleaning up your own credit and performing credit repair for many others. Running a business is not something that most can do successfully, and those who do their research will find that most of the credit repair companies that are started, are not even around 6 months later.

The huge influx of credit repair companies all trying to compete has driven down the prices and forced most companies into a “monthly service fee” program model. Although I understand why most companies has moved to this model, it does not serve the consumer well at all. By only charging a low monthly service fee of $79-99/mo to perform full-service credit repair, the only way a company can be profitable is to only work on 1 to 2 items at a time. What this does is drag out the credit repair process over 9-18 months so that the company can still collect enough monthly fees to make it profitable.

Now, with all that being said, would you rather spend $1,000 to clean up your credit quickly in 3-6 months with a money-back guarantee, or would you rather spend $79 per month for 12-18 months with no guarantee and only a few items getting worked on at a time? If you think that you can spend $79/mo for only a couple months and a credit repair company is going to get you good results, think again. They are not going to lose money on you. $79 per month for 18 months comes out to $1422 and you may have only a few items corrected. To me it is obvious that I would rather pay $1000 and in 6 months if I don’t feel I got my money’s worth, have my case evaluated for the money-back guarantee.

We have done business in this manner for years and that is why we have no complaints. We are also now in the process of developing a new program for those who wish to do their credit repair on their own, but use our proven process that we have refined and simplified over the past 10 years. It will be a do-it-yourself credit repair program, but with our experts available to assist you when you need it. The cost will be a very low monthly membership that can be cancelled at any time.

Posted in Credit Repair | 2 Comments »

Nominal Interest Rate My @#s!

Here is something I saw cross my desk today that I thought was a bit funny, but not. At the bottom of a client’s credit card statements was the statement that I had to post a graphic image of in order to preserve it’s full impact (please see graphic inset).

If this is what they consider to be a ”nominal interest rate”, what do you suppose would be a high interest rate? it is no wonder so many people are in a position where they can no longer keep up. There are thousands of people without jobs, gas prices are ridiculous, and the cost of consumer goods has never been higher. You would think that the credit card companies would be best served to lower interest in order to maintain their clients on the books. But, as you can see from this example, that is not the case. We are helping our clients who are in financial hardships get out from under their debts very quickly with a great debt settlement program.

Posted in Debt Management | 1 Comment »

The best way to get out of debt when you can’t stay current

If you have found yourself in a situation where you can no longer stay current on your credit card bills, medical bills, mortgage, etc., you may need to consider a debt settlement program as a suitable solution for getting out from under your debt burden.

A debt settlement program is a great option for those in financial distress and will allow you to continue paying the important obligations such as your mortgage, rent, auto loans, living expenses, while dropping your monthly payments on your unsecured debts to approximately 50% of what they are currently. The new low monthly payment will be set aside into an escrow account, and used to settle the accounts one at a time during the program.

For more information, please watch the short video about debt settlement and visit the website for additional information, or to request a free confidential debt consultation.

Visit online credit card debt consolidation for additional info.

Posted in Uncategorized | 1 Comment »

Want to see proof that a Credit Repair Company can be effective?

We have had many people request to see proof of our credit repair efforts for clients. Well, here it is. We have put together a short video to show you just a hand-full of actual client results that we get for our clients every day.

Part of the reason we are so effective is that we don’t allow our clients to sign up online. We don’t take our client’s payment until we have had a brief credit consultation and fully determined that credit repair is right for them.

Take a few minutes to watch the video, than feel free to contact us of you would like a free consultation about your credit. We will go over your situation and help you determine if credit repair is appropriate for you.

Please take a second after you have watched the video to rate it, and comment with what you would like to see more information on. As always, you can contact us with questions about credit, credit repair, or debt management.

Posted in Credit Repair | No Comments »