Is There a Difference Between Credit Repair and Credit Counseling?
Having a good credit score is essential if you want to take control of your financial life. Not only does good credit give you access to lower interest rates, but you can also qualify for the credit cards, loans, and mortgages that are needed for your family. Having bad credit can be the main factor getting in the way of living in the home of your dreams or driving a reliable car.
If you are having credit problems, then you might be looking at options for credit repair and credit counseling. While these terms are sometimes used interchangeably, there are distinct differences in the services you will receive. Be careful to know how these services work, so you can be sure that you are hiring the right provider for your needs.
Credit Counseling: What You Need to Know
A credit counseling service focuses on education for consumers. The goal is to teach you how to budget, manage debt payments, and strategies to use money more effectively. Overall, the purpose of credit counseling is to pay down debt balances and help consumers stay out of debt in the future.
This financial information is valuable and helpful, especially when families don’t have a basic understanding of budgeting and debt management. The credit counseling designs the most effective plan to help you pay down the balances as quickly as possible, which in turn is reflected with a higher credit score.
Credit Repair: Fast and Effective Credit Score Improvement
The goal of credit report services is to eliminate the negative factors influencing your poor credit score. Often, consumers have credit reporting issues that are inaccurate or untimely. Instead of assuming that you have to wait for a certain number of years before these problems go away, credit repair services can be used to get rid of the negative marks that are hurting your financial situation.
There are many examples of when a listing on the credit report is inaccurate. The only way to eliminate these errors is by proactively disputing the issues that are pulling down your credit score.
One of the main benefits of working with a credit repair company is that the provider goes through your credit report with a fine-tooth comb. Every negative item is examined closely, with a thorough approach to verify all the details. Then, information is gathered to dispute the errors and improve your overall credit report.
Additionally, credit repair services can be helpful if you are currently facing a challenging financial situation. If you are receiving non-stop calls from collection agencies, then cease-and-desist letters can be sent to stop the calls.
Improving Your Credit Report by Removing Inaccuracies
The similarity between credit counseling and credit repair is that they both have the same goal in mind: to improve your credit report and remove inaccuracies and errors. Our team is here to offer the credit repair services you need so you can reclaim a good credit score once again. If you are looking for information about your options for Georgia credit repair, then we invite you to contact us to schedule a complimentary review of your credit report.
While credit repair may appear to be a DIY project, I assure you that its not. As lawyers, we see issues that many people and even credit repair company may not catch.
Call us today for a free, no obligation consultation at
3335 Lenox Road #750
Atlanta, GA 30326