My Way Credit

Credit repair services should not be confused with credit counseling services. In fact, credit counseling can actually hurt your credit scores. Credit repair exists to improve your credit scores. It’s very important not to get the two confused.
Since credit repair is a fairly new topic and there are so many scams out there, many people are afraid to go to a credit repair service. You shouldn’t be. The FTC is coming down hard on all credit repair organizations that are not following the law. As long as you do your homework and know your rights company, credit repair companies can do amazing things for your financial future.

Credit repair services must follow specific guidelines from the Credit Repair Organizations Act, which are intended to protect consumers. You should receive an explanation of these rights before signing a written contract. Read them. In fact, get familiar with them BEFORE making calls and/or visiting a credit repair company. Once you have it narrowed down, look up their record with the BBB.

You should receive a contract with all of the following information:

• The payment terms for services, including their total cost

• A detailed description of the services to be performed

• How long it will take to achieve the results

• Any guarantees they offer

• The company’s name and business address