Why do consumers need Credit Repair?
- Credit is the #1 issue with consumers today.
- Credit improvement is a mystery to nearly everyone
- No help is provided by the credit bureaus because of the high cost involved in handling verifications and disputes
- Credit providers charge more interest to consumers with imperfect credit
- Credit repair companies charge thousands of dollars for services that consumers can easily do by themselves
- At Ride Time we teach the secrets, techniques and tricks that credit repair companies and attorneys don’t want consumers to know
CREDIT AWARENESS
A recent study revealed that 84% of today’s consumers have one or more errors on their credit bureaus. Credit is the nation’s leading concern.
Matt Lauer of the Today Show stated that credit has bypassed terrorism as the nation’s number one fear. There are more people in your city that want to learn how to improve their credit than there are people who want to buy vehicles.
What separates our dealership from the competition is, our program helps make a positive impact in the lives of our customers. We help our customers become credit-worthy consumers and ultimately, get them into a vehicle they love.
Can You Spot Credit Repair Scams?
When you're looking for credit repair services, what’s the most important issue to you? Consumers are typically looking for the “fastest results”…
Setting “fastest results” as your main objective will only lead you to make a poor choice in the selection of a credit repair agency. These agencies typically employ illegal methods to raise your credit score.
Were you aware of this? Let's take a look at the reasoning.
When you are looking at the "fastest results" method to repair your credit score, you are attracting scam credit repair services that are built on and marketed to people who think this way. Read these important tips carefully. They will ensure you get the best credit repair services, while protecting yourself from credit repair scams.
Step 1
Ask how long it will take to repair your credit.
Reputable credit repair companies will not advertise quick-fixes to help your credit report or score. Instead, a trustworthy credit repair agency will clearly explain to you what credit repair services you should expect from them. You will have these credit repair services listed in the form of a contract. Make certain there is a contract; if there is not a contract, you will know that this company and the credit repair services they offer are fraudulent.
Step 2
Ask if you can perform any credit repair on your own.
All legitimate credit repair companies will show you what your rights are and guide you in respect to the credit repair services you can do for free. Things such as obtaining your free annual credit reports from each of the three credit bureaus, monitoring the entries in your report, disputing wrong entries, good financial management and so on, are those issues that you might at some time take care of on your own.
The company will make you aware of what you can handle on your own, and what will better be left in the hands of professionals. The value of the credit repair services that company is offering can be determined based on these kinds of interactions.
Step 3
Ask if the company advocates getting a "new identity."
No reputable credit repair agency will ever hint at using tactics that are illegal. You will find many agencies advertising "new" credit reports, complete "cleanup" of all negative items, super fast credit improvement and so on. Never take these types of promises seriously until you have gone to the website of the Canadian Government’s Industry Canada websiteand checked out what it says about repairing your credit score. You will be made aware that the credit repair services these types of companies promise are fraudulent and very likely illegal.
Step 4
Ask if the company offers free counseling.
All reputable credit repair agencies offer, included with their services, free, quality counseling. As discussed earlier, an ethical credit professional will always be ready to handhold you along the path to financial self-sufficiency. They will provide you high-quality credit repair services while at the same time, they will be happy to teach you what you can do on your own. If the agency is unwilling for you to learn about credit repair, contacting a credit bureau, and/or discourage you from taking any action on your own, than you would be well advice to look for another company.
Step 5
Find out if the company is a member of a regulatory body such as the Better Business Bureau or the Ethical Credit Repair Alliance.
The best tip is being mentioned last, because it is the most important and likely the one you will remember the most easily. Look into those organizations with which your company of choice is affiliated. As an example, many trustworthy credit repair companies are members of the ECRA (Ethical Credit Repair Alliance), which ensures that you - the customer - get the best possible credit repair services. Make certain your company of choice is a member of a reputable regulatory agency.
Best Advice
Pay your bills on time. Don't bounce any cheques. Don't overdraw your account at the bank (even if you have overdraft protection). Show the credit system that you are a responsible money manager and that when you borrow money, it's because you want to, not because you have to. In this way you will you repair your credit and avoid a bad credit report in the future.
I Want to Repair My Credit… Now What?
A car loan through a financial lender is the fastest way to get, improve or re-establish your credit. We have lenders who guarantee approvals even with multiple bankruptcies. Click “Get Approved Now” below, and let us get started on helping you out.
Another great option is obtaining a credit card. With poor, or no credit, obtaining a credit card is very difficult. We have partnered up with a lender who offers a secured credit card, and guarantees approval to pretty much everyone. Click the banner below to be taken to the application.