Extreme Credit Repair: Why It Doesn't Work

By Author: Courtney Dawson
Total Articles: 39
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Making a household budget can be difficult and it can be even more frustrating trying to stick to a budget. A counselor will help you to understand why it is necessary and will give you sound advice about how to stay on track.

When you are in need of some knowledge about finances and all of the complicated things that come along with them, you need credit counseling. These counselors can help you to understand all of the various financial practices and policies and can give you sound advice on how to keep your debts low and your credit score high. There are many great counselors throughout the country and you can easily find one with offices near you, but beware because there are many credit scams out there to look out for. You should always do a large amount of research before you choose a credit counseling service so that you do not fall into a scam.

A quality and real credit counselor will help you to establish a debt management plan that works with your individual circumstances. Making a household budget can be difficult and it can be even more frustrating trying to stick to a budget. A counselor will help ...
... you to understand why it is necessary and will give you sound advice about how to stay on track. If you do not have good contact information for your counselor, or you find them on the Internet and they ask for upfront payment, beware because this could be a scam.

An extreme credit repair scam will dress itself up like it is the real thing, so you have to be wary when you are looking for good counselors online. Any company that claims they will take your score from a 500 to 799 in a month is not telling you the truth. Many of these scams will perform a fraudulent transaction where they will get you an Employer Identification Number and use that as your social security number to make it look like your credit is better than it is. This is incredibly illegal and can land you in jail. Many of these scams will not even do anything but take payments from you and not improve your score in the slightest.

Think twice before you contact a credit counseling firm if you are struggling with debt and need solutions to your growing financial problems. While there are some reputable credit counselors out there, there are many more that just want to make a quick buck off of unsuspecting and vulnerable consumers. Always check with the FTC and with the BBB to make sure that the credit counseling service you have decided to use is legitimate and proven to be safe. You are already in a financial bind if you are looking for assistance from credit repair programs; do not let yourself get in any deeper.

Author of this article is associated with Credit Umbrella that offers sophisticated credit repair software designed for businesses.