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.
