Anyone struggling with debt and bad credit has invariably been confronted with ads from companies offering to help repair your credit. It may seem like an easy fix and a quick way out of your troubles, but there are many reasons to avoid going down this route, experts say.
For one — like many services offered to desperate people facing financial difficulties — scams abound. Also, almost all of what these services offer, you can do yourself for free. At the same time, for someone who is feeling overwhelmed by their financial situation or is intimidated by trying to pull themselves up from underwater, a credit repair service might help solve some of your issues. The key is to understand who you are dealing with and if they are really qualified to help you with your situation. “If there is information that is on your credit report that is inaccurate and you are struggling with figuring out how to fix that yourself, a credit repair agency might be beneficial,” said Bruce McClary of the National Foundation for Credit Counseling. “But people need to keep their guard up when shopping around.”What credit repair agencies can and c …
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