Introduction

If you’re struggling with bad credit, you may be wondering if credit repair companies can help. These companies claim to be able to fix your credit and improve your credit score. But are they really legit? In this blog post, we’ll take a closer look at credit repair companies and help you determine whether or not they’re worth your time and money.

What Are Credit Repair Companies?

Credit repair companies are businesses that claim to be able to fix your credit and improve your credit score. They may offer a variety of services, such as credit counselling, debt consolidation, default removal, and credit report disputes. They may also offer to help you remove negative items from your credit report, such as late payments, credit enquiries, and court judgements.

Are Credit Repair Companies Legit?

The short answer is yes, credit repair companies can be legit. However, it’s important to keep in mind that not all credit repair companies are created equal. Some may be more reputable than others, and some may be outright scams. To determine whether or not a credit repair company is legit, you’ll want to do your research and look for red flags.

Red Flags to Watch Out for

If a credit repair company makes any of the following promises, it could be a scam and more investigation should be done:

  • Guarantees to remove negative items from your credit report – This is possible, but check the guarantee.
  • Asks you to pay for services before they’re provided – unless they have a long proven history or a Legal Trust Account, be careful.
  • Tells you to dispute all negative items on your credit report, regardless of their accuracy – this is US urban myth – each needs to be investigated in Australia.
  • Tells you to create a new credit identity – again, an urban myth. In Australia, if you change your name, your credit gets updated to reflect both new and old name.

Another thing to look out for is the company’s reputation, if they have a lot of negative reviews or complaints it’s best to avoid them. It’s a good idea to do a Google Search “[company name] Reviews”.  For Example:

Are Credit Repair Companies Legit | https://mycralawyers.com.au | Phone 1300 667 218 Now

What Are the Alternatives?

If you’re concerned about your credit and want to improve your credit score, there are other options available to you. For example, you can:

  • Review your credit report for errors and dispute any inaccuracies
  • Work with a credit counsellor to come up with a debt repayment plan
  • Speak with a credit repair lawyer for a free credit repair legal assessment

Conclusion

Credit repair companies can be legit, but it’s important to do your research and be aware of red flags. If you’re looking to improve your credit score, there are other options available to you, such as reviewing your credit report, working with a credit counsellor, or speaking with a specialist credit repair lawyer.

If you’re looking to improve your credit score and get back on track financially, don’t hesitate to phone MyCRA specialist credit repair lawyers on 1300 667 218 for their free credit repair legal assessment. MyCRA specialist credit repair lawyers are the best in the business, and they can help you achieve your financial goals. So, don’t wait any longer, give them a call today!

Further Reading:

Get your Australian credit reports for free up to every three months:

https://Equifax.com.au

https://Illion.com.au

https://Experian.com.au

Then:

Book a Free Credit Repair Legal Assessment today
https://mycralawyers.com.au/book-in

AFSA (Australian Financial Security Authority) is a government agency responsible for administering the personal insolvency and debt agreement system in Australia, providing information and resources on credit reports and scores, and protecting the public from financial scams.
https://www.afsa.gov.au

AFCA (Australian Financial Complaints Authority) is an independent dispute resolution scheme that helps consumers and small businesses resolve complaints with their financial firms, it’s a free service that consumers can use to resolve disputes that they have been unable to resolve directly with the financial firm.
https://www.afca.org.au/

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