What Identity Theft Victims Should Know About Credit Repair Companies
Identity (ID) theft has harmful, lasting consequences. Fraudulent debt could stay on your records even after clearing them, tanking your credit score. It might take years to normalize your rating.
If you end up in a similar situation, will hiring credit fixers speed up restoration? Only if you choose the right professionals. Here’s what ID theft victims should know about credit repair companies and finding reputable options.
What Are Credit Repair Companies?
As the name suggests, credit repair companies help fix bad credit scores. They communicate with credit bureaus on behalf of clients. If you opt for their services, their team will monitor your outstanding loans, dispute inconsistencies, freeze your credit, and erase fraudulent transactions.
You’ll find dozens of credit fixers online, but only a few effectively restore damaged credit. Some shady companies even trick clients with false promises.
To ensure you hire reliable and trustworthy professionals, assess your options based on the following factors.