What is a Commercial Credit Repair Company?

Commercial credit repair companies are companies that offer to repair your credit for a fee. To do this, they typically work with national credit reporting bureaus – TransUnion, Equifax, and Experian – to process and remove negative items from your credit reports. However, you can achieve the same results yourself with time and determination, so it really depends on how you prefer to handle credit repair: with time or money.

Commercial credit repair companies

Credit repair is something you can do yourself, but it can take a lot of time and effort. This is one of the reasons people turn to commercial credit repair companies – they can take care of credit bureau interactions that you may not have the time to handle.

However, because you can do the same job as a credit repair company yourself, many people refer to these types of services as scams. Rest assured, there are plenty of legitimate companies that do this kind of work, but like many things, a few bad apples can spoil the day.

If you are considering hiring a credit repair company to help improve your credit, make sure you know what a genuine commercial credit repair company does and be on the lookout for signs of a company trying to deceive you.

Look for signs of legitimacy

Here are three ways to tell if a credit repair company is legit:

  1. Beware of companies that offer you nothing more than a credit report. You are entitled to a free copy of your credit reports from each of the three major credit reporting agencies (Equifax, Experian and TransUnion) once every 12 months. There’s no need to pay a company for a credit report unless you want to stay up to date monthly. Genuine credit repair companies have so much more to offer.
  2. Beware of companies that ask to be paid for services before they are performed. Legitimate companies can only charge for credit repair after the services are completed.
  3. Beware of companies that don’t allow you to contact a real person. You should avoid web-based companies that do not list any contact information. If you can’t speak with a real, live person at a credit repair company, you may not be working with the real deal.

Now that you know the signs to look out for, you can protect yourself by making sure you hire a legitimate commercial credit repair company – if you decide this type of credit repair is for you. However, there are other ways to improve your credit that don’t involve going back and forth with the credit bureaus.

Improve your credit on your own

The best way to improve your credit is through effort and time, but first you need to know which areas of your credit to work on. This means getting your credit reports and your credit score, so you know where you stand.

You can get a free copy of your credit reports by visiting www.annualcreditreport.com, while you may have to pay a small fee for your credit scores, although sometimes you can get them for free from a bank, a credit union or a credit card. provider. Once you know what your credit looks like, you can figure out if you can improve your credit on your own.

Sometimes just paying your bills on time, every time, can dramatically improve your credit score. On the other hand, you may need to reduce the amount of your debts, which can be done by paying off credit cards or opening one or more new lines of credit.

A great way to do this is to take out a car loan. When you add a car loan to your credit mix, you’re not only adding a line of credit, but diversifying the credit you already have.

Improving credit with a car loan

When your credit needs improving, it can be difficult to qualify for a car loan. Often this is because the type of lender that works with borrowers with bad credit only works through dealerships that specialize in financing, and many of these dealerships do not advertise this service.

This is where we come in. Auto Express Credit works with a nationwide network of finance dealers who know how to help people with bad credit, no credit, or even bankruptcy.

To save you from having to find a car loan on your own, just fill out our free and easy car loan application form. Once you submit it, we will endeavor to connect you with a local reseller.

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