Are there any legit organizations that help with credit repair?
Are there any legit organizations that help with credit repair?? I’m fearful of paying my money to a company that’s not accredited.
Submitted by anonymous.
The Consumer Finance Protection Bureau (CFPB) is my trusted source for this topic because they offer tips on selecting a reputable organization as well as some important questions to ask.
- Does the agency have minimum debt requirements? You’ve probably heard those advertisements that start with, “Do you have more than $10,000 in debt?” This is a case of buyer beware. If someone is that excited about your debt, chances are they are looking out for their interests before yours.
- Are they willing to work with you even if you can’t afford the fee? It is a big red flag if they say no.
- Don’t be afraid to interview more than one organization. Hold out for the right fit for your needs.
To read more, check out this resource from the CFPB.
Saundra Davis is a nationally recognized financial coach and educator. Her experience in the U.S. Navy, where she made every money mistake possible, and her 20 years serving community-based organizations led her to the reality that the best way to help people find a path out of poverty is to help them become their own financial expert.