Could a Credit Repair Specialist Get Your Credit Rating Back on Track?

Posted on Credits and Loans   /   02 Nov 2017   /   5 Comments

Though not as well-known as Financial Advisors, Analysts, and Accountants for example, a Credit Repair Specialist can offer vast experience and expertise to help you clean up your credit report, while helping you find ways of improving it long term.

If this sounds like something you would be interested in accessing, read on for further information on what a Credit Repair Specialist can do for you.

The Qualifications of a Credit Repair Specialist

Though there are yet no specific qualifications for Credit Repair Specialists, there is a law which sets out what this role entails and precisely what they can and can’t do.

However, don’t let this lack of qualifications put you off. Look for such a specialist who can offer certification proof from those non-profit of organizations such as CCA, Credit Consultants Association, or AFCPE, the Association for Financial Counselling & Planning Education.

This offers a better breed of specialists – rather than those who claim to have become certified online!

Additionally, if your chosen Credit Repair Specialist has a degree in finance and more so experience in their field, or other business related subject, all the better!

The Knowledge of a Credit Repair Specialist

It goes without saying that this type of specialist should have a sound understanding of credit and credit repair laws, procedures, and regulations.

Such laws will include the Fair Credit Reporting Act, the Fair Debt Collection Practises Act, the Credit Report Organizations Act, and finally the Fair and Accurate Credit Transactions Act.

They will also need to show knowledge of the government agencies that are involved in the subject of consumer rights. This will include both the Federal Trade Commission and the Consumer Financial Protection Bureau.

Don’t be afraid to ask for proof and evidence of such credentials before you make your final decision. Remember, you have to feel completely comfortable with the specialist you choose.

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