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      July 17, 2019

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Repair Companies

  1. Ovation Credit Services
  2. Credit Firm
  3. Credit Saint
  4. MSI Credit Solutions
  5. The Credit Pros
  6. Lexington Law
  7. The Credit People
  8. Credit Repair
  9. Credit Assist Network
  10. Pyramid Credit Repair
  11. E Credit Attorney
  12. Credit Repair Consult
  13. Veracity Credit

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Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Why Good Credit Is Important

It used to be that good credit only mattered if you wanted to take out a loan for a large purchase such as a house or a car. Those days are long gone.

A person’s credit is now being used as a barometer for approving car insurance rates, utility services and even for purposes of employment. If you have poor credit, a lot of doors will be closed to you that just a few years ago would have remained open.

How, exactly, are credit reports being used nowadays?

Employment
Roughly 69 percent of employers polled in a nationwide study said they use an applicant’s credit report as consideration for employment. Under the Fair Credit Reporting Act – which is administered by the Federal Trade Commission – employers are required to seek permission from applicants prior to running a credit check. Because employers can and do look at credit during the hiring process, it is a good idea to check your credit through the three reporting agencies (Equifax, Experian and TransUnion) at least once a year. Every person is entitled to one free credit report annually. You can request a report from all three agencies at the same time, or stagger your requests one at a time so that you receive a new report every three months. By doing so, it gives you a chance to correct any mistakes that may affect employment.

Credit Cards
It only makes sense that a person’s credit history would be considered by any credit agency. Credit cards are no exception. If you have a history of failure to repay debt, you can expect to either be turned down for a credit card, or be granted one with an extremely high interest rate.

Houses and Cars
If you plan to own your own home, or to purchase a vehicle, having good credit is essential. Mortgage lenders, as well as car loan companies, want to be assured you won’t default on a loan before granting one. As with credit cards, persons with a bad credit history can either expect to be totally denied for a home or car loan – or be subjected to an incredibly high interest rate.

Utilities
Most utility companies – electric, gas, water, phone and cable – will conduct a credit check prior to providing you with their service. Because most utilities are paid for a month after their actual usage, utility companies want to make sure you’ll be good for the payment. And unlike a car or home, utilities can’t be repossessed once they’ve been used. The worst that can happen if failure to make payment occurs is that the utility company will discontinue their service to you. But it may not be able to recoup what it already has lost. For that reason, utilities want to know your credit history before ever agreeing to open an account for you.

Starting a Business
If you have dreams of owning your own business, having bad credit can put a damper on them. Business start-ups generally require a large start-up cash flow. Many entrepreneurs do not have that kind of cash on hand; therefore, they find themselves in need of a business loan. Without good credit, you can kiss the possibility of obtaining a loan goodbye.

Tempted to try a loan to repair your credit? Spoiler alert: save your cash

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No doubt, it's tempting to sign up for a "quick fix" to clean up your credit. Who wouldn't want to instantly find a way to add 100 or more points to a credit score to qualify for a rewards-packed ...

Published:  Fri, 05 Jul 2019 08:22:00 GMT



Looking for Help with a Major Appliance Repair? Watch Out for Fake Service Providers

All you must do is give your name, home address, and credit or debit card information. You'll be charged a small service fee so they can set up an appointment with the repair person. Often ...

Published:  Sun, 14 Jul 2019 04:44:00 GMT



Money Matters: Credit repair lies

Pristine credit and a high credit score is necessary for a good deal when you borrow. It's also important when it comes to renting an apartment, getting insurance and sometimes even getting a job. And ...

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FTC secures injunction against credit repair company

A federal judge has issued a temporary restraining order to halt operations and freeze the assets of Grand Teton Professionals, a company offering credit repair services to consumers. The court ...

Published:  Mon, 24 Jun 2019 07:04:00 GMT



Ask Andy: Credit Repair

(WMC TV) - Coming back from a college visit for my daughter recently, I saw a sign staked in the grass next to a gas station: "Credit Repair: 1-800-XXX-XXXX." I did the best thing someone could do ...

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Beware of Credit "Repair' Companies, Consumer Watchdogs Say

People struggling with loan payments and falling credit scores may be tempted to seek a quick fix. But they should be wary of so-called credit repair companies that promise to scrub credit files and ...

Published:  Fri, 10 May 2019 11:35:00 GMT



6 Fast Ways To Boost Your Credit Score Before Getting A Mortgage

Myth 8: You need a credit repair company to fix your bad credit. Truth: Poor credit can feel like an emergency, especially if it’s preventing you from borrowing money you need. Credit ...

Published:  Sun, 14 Jul 2019 20:37:00 GMT



What Is a Commercial Credit Repair Company?

Commercial credit repair companies are businesses that offer to repair your credit for a fee. They typically do this by working with the national credit reporting bureaus - TransUnion, Equifax, and ...

Published:  Mon, 06 May 2019 05:08:00 GMT



CFPB accuses two of the nation's largest credit repair companies of tricking and cheating customers

Two of the largest credit companies in the nation illegally charged customers for credit repair services and used deceptive advertising to trick and cheat consumers, the Consumer Financial Protection ...

Published:  Fri, 03 May 2019 15:30:00 GMT



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