How to DIY Credit Repair Tips

Buyer Beware of “Credit Repair”

One of the booming  cottage industries that has emerged from the Great Recession is credit repair companies. Most are by the same people who flew the sub prime mortgage industry into the ground lying to home buyers about their ability to refinance out of a high cost mortgage into a more affordable long-term mortgage in just two short years once their credit improved.

Little did the unsuspecting homebuyers know that it takes much longer than two short  years to undo a credit history that has taken them years of bad personal financial habits to earn.

To say that all credit repair companies are unscrupulous is like saying that all sub prime mortgage lenders were and are criminal and thats simply not so. However in my opinion, as long as these companies they make no promises of results and don’t charge an unreasonable amount of money, they probably are worth the fees.

This article was written by ricardocobos

Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. I am a local market expert in southern Wake County in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603) which spans from downtown Raleigh to Willow Spring including Lake Wheeler. Call or email me, I’m here to help! Ricardo Cobos (919) 526-0183

Comments