Before deciding to seek help from a credit help or credit counseling service, be sure that the problem cannot be resolved on your own. Indications that you may need credit counseling include:

  • You cannot pay your bills and avoid the necessities of life.
  • You avoid the phone, the mail, and the door because you are being harassed by collection agencies.
  • You have avoided going out because you feel terrible about your financial state.
  • You have no idea how you will repay your bills and loans – you do not know where to start.

Get Free help first
If you need credit repair, odds are good that your finances aren’t in the best possible shape. That likely means that you should attempt to spend as little as possible on credit repair – the money you save can be channeled into repaying your debts. Before seeking credit repair services, follow the tips in this ebook in order to repair your own credit.

Also, seek out free or inexpensive sources of credit repair help. Some non-profit credit counseling services are actually registered charities and will work on your behalf. If you can get help from one of these companies or undertake credit repair yourself, you will be able to save money quite easily.

In addition, these companies tend to be more legitimate than credit repair companies that take your money, anyway.

If you do decide to seek credit repair help from the experts, it makes sense to seek that help before your financial situation spirals too far out of control. After all, credit repair experts can do little for you if your credit and financial situation is so bad that the only option left to you is bankruptcy.

Credit Repair Scams!
There are a number of credit repair scams out there. These scams often promise to help free you of bad credit, when in reality the “experts” offering these services will either overcharge you, involve you in illegal activity, or actually put you in a worse financial situation. Look out for these most common scams:

1) Credit repair companies that tell you to lie on loan applications or suggest that you develop a second identity. This is illegal and dishonest. If a company suggests that you open accounts in a new name or falsify your information on loan applications, run, don’t walk, away.

You can be charged with fraud for doing this – and you will be held responsible for your actions, even if you were acting under the company’s advisement. You certainly don’t want to add legal troubles to your credit woes.