The do it yourself credit repair approach is a wise choice, especially when compared to the alternatives.
You'll save thousands of dollars and have the flexibility needed to boost your score as quickly as possible.
Seeing a credit counselor can cost your thousands of dollars, but it can also indirectly hurt your credit and your ability to raise your score.
That's because when you use a credit counselor, creditors can quickly tell that you are seeking professional help.
With the letterhead they use, the language, and the standard template letters they send, the work of a credit counselor can easily be spotted.
As a result, the creditors are less likely to assist you, as they assume "sneaky" tactics are being used.
Furthermore, if counselor is used to settle debts, there is a good chance that the original lender will put a note on your file.
This note will warn future lenders that you have a history of seeking the help of a professional in order to get out of paying your debts.
While this notation will not hurt your score, it does suggest to lenders that you are not trustworthy.
By following the do it yourself credit repair approach you can far more accomplished.
For one, it won't cost you much money at all.
You'll just need some postage, the cost of photocopies, and investing in a guide to help walk you through the process.
This alone will save you thousands of dollars by avoiding credit counseling fees.
Secondly, the amount of money you can save for the slightest increase in your credit score is astounding.
By just raising your score a few points, you could qualify for a better loan rate, which means your purchase will be less expensive.
When you consider the interest you pay over the term of a loan, you'll be happy you took a few minutes to raise your credit score.