Are Credit Repair Services Worth The Cost? RYC Founder Weighs In

Corey P. Smith

Many people who wish to buy a home find that they are unable to get the best mortgage interest rates or get approved for certain loan programs because their credit scores are not as high as they could be. When this happens, some may feel like seeking the help of a credit repair agency is their best option. But are credit repair services worth the cost? Well after reading the book How To Outsmart The Credit Bureaus and Conspiracy Credit by Author Corey P. Smith one would question it as well. Yuntwine English, Founder & CEO of Represent Your City Inc. takes a look at credit repair services, their average associated costs, and gives some solid advice for those seeking to polish up their credit scores after talking with his friend Mr. Corey Smith who in turns keeps him polished up on the credit business. 

This new release titled "Conspiracy Credit by Corey P. Smith says, "The riskiest path to take in seeking to improve your credit score is to employ the services of a credit repair agency. There are many credit repair organizations that will simply take hundreds, even thousands, of your hard-earned dollars but do nothing to improve your score. If you decide to go this route, do your homework. Check into online reviews, particularly with reputable sites like the Better Business Bureau. Avoid companies that require a great deal of money upfront or that force you into a long-term contract. Some credit repair agencies will advertise that they have actual credit repair attorneys available to take over your case. But don't be fooled into thinking these companies can do more for you than those not advertising they have an attorney. Many are law firms in name only. They do not have attorneys working your case."

Yuntwine English, Founder of the RYC Corporations explains that these credit repair services may price their fees as low as $30 to $50 per month, to several hundred dollars per month. There may also be additional fees that those seeking credit repair should be aware of. Also, while most agencies charge by the month, some will ask for a lump some up front to complete a set of steps designed to improve the client's credit score. The article goes on to explain that the biggest reason borrowers should carefully consider whether getting help from a credit repair service is worth the cost is because usually everything that an agency would be able to do, they could actually do themselves. Obtaining a credit report is relatively simple, and the credit agencies usually provide instructions on how to dispute errors on a credit report. The article goes on to give some advice for those going it alone, then takes a look at a third option – credit counseling organizations. Here at RYC Credit Doctors we specializes in getting you where you want to be and has been doing what others can't with your credit.
The credit repair services cost guide says, "Unlike a credit repair company, RYC Credit Doctors is typically in the business of helping you to make better credit decisions in the future. While they are not likely to offer a quick solution, these organizations-particularly those that are organized as nonprofits--can provide some assistance in getting your credit back on track. Many will even negotiate payment plans with your creditors on your behalf. If you are looking to improve your credit score so you can get the best possible interest rate on a future real estate purchase, making use of services offered by a credit counseling organization, particularly when the services are free or at little cost to you, may be the right choice."