Cost Of Credit Repair Services - The Advantages And Disadvantages Debated In A New Article From Loan Love

SAN DIEGO, June 20, 2014 /PRNewswire-iReach/ -- is a borrower advice website that has become a trusted destination for current news and expert loan advice. The website strives to empower borrowers with first class knowledge, valuable resources and connections to the top rated industry professionals. When it comes to getting the best mortgage loan with the lowest interest rates, having a good credit score can make all the difference in the world, which is why loan borrowers will sometimes employ the use of credit repair services. But is the cost of credit repair services worth it? One of Loan Love's latest articles titled "Credit Repair Services Cost (Don't Get Ripped Off!)" gives readers an outlook on whether or not the benefits of credit repair services outweigh the costs.

In order to purchase a new home, loan borrowers will need a good credit score if they want to be validated for a conventional home loan, but often times bad credit score is in the way. Is a credit repair service worth it? The Loan Love article answers: "The short answer is that, like most things that sound too good to be true, a quick fix to your credit score is probably not the best use of your hard-earned cash. While there are some credit repair companies that are complete scams, in many cases, the services offered actually can have a positive impact on your credit score.

However, with a little time and effort, you can go through the same credit repair steps and get similar results. Plus, there is the chance that engaging the services of a credit repair company could actually harm your credit score rather than pulling it upward."

If a loan borrower wants to employ the use of a credit repair service, the best thing they should do is discern the legitimate companies from the rotten eggs. Checking online reviews and doing a background check can be a good starting to weeding out credit repair service scams. Checking out prices can also be a huge boon to loan borrowers; Loan Love recommends avoiding companies that ask for large sums of money upfront. Also companies offer a wide vary of prices that can range from as little as $35 to hundreds a month.

Even with the all the benefits associated with credit repair services, loan borrowers may want to go at it solo when repairing their credit score. Many of steps are that a credit repair service takes to improve credit score is already available to loan borrowers themselves, which Loan Love's article points out: "The fact is, it is your right to dispute any errors you find on your credit report and the three major credit bureaus must investigate your dispute at no additional charge. That means, anything a credit repair organization can do for you legally, you could be doing on your own.

The three major credit reporting bureaus each have websites that provide information on the procedure you should follow for disputing erroneous information. In most cases, you will have the option of filling out a form online or mailing a letter.

Be aware, the only information you can have removed legally from you credit report is information that is in error. Credit repair organizations that claim they can do more than that are not being entirely truthful and are best to be avoided since their actions may not be legal."

The fact that there are also credit counseling organizations that can assist in credit repair may also be more reason for loan borrowers skip on a credit repair service company. Although they offer no quick solutions, credit counseling organizations can offer guidance to loan borrowers on how to get their credit back and even negotiate payment plans with creditors.

To learn more on the cost of credit repair services, please visit to view the complete article. 

Media Contact: Kevin Blue,, 949-292-8401,

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