Bad Credit Resource Center

Many companies advertise that they can help you with credit repair, but the quality of these services - not to mention what they offer - varies widely.  Some companies can really help you improve your credit while others are actually under investigation for suspect business practices.  If you decide to use a credit repair company, be sure that the company is legitimate and offers you viable services.

Generally, you should be looking for non-profit credit counseling services rather than credit repair companies (some of which are really just lenders offering home equity loans anyway, which are of limited use to you if you want to improve your credit). 

Check to make sure that the company has good standing with the Better Business Bureau and clients who are happy with the credit repair services they received from the company.  Always read the paperwork carefully before you sign and make sure that you know how much you are paying the company in fees and how much is going towards your debt.

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

-You avoid going out because you feel depressed about your financial situation.

-You can’t pay your bills and avoid the necessities of life.

-You have no idea how you will repay your bills and loans - you don’t know where to begin.

-You avoid the phone, the mail, and the door because you are being harassed by collection agencies. 

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