In this article we are going to discuss the advantages of working with your local small business credit repair company over the big, well known credit repair companies out there. You see their advertisements all over, even on platforms that do not allow credit repair companies to run advertisements, like Google. I reckon if you have a lot of money, any company will create a double standard for you, but that’s a rant for another place and time.
The advantage of small business credit repair companies
Before I begin, this is not totally meant to throw larger credit repair companies under the bus, in fact there are some larger companies owned by people I know personally who do not fit the bill of what I am describing in this article. Here is a list of advantages of working with your local credit repair firm.
- Connections With Local Lenders & Sales Centers – Many of your small business credit repair companies have developed relationships with area mortgage brokers, real estate agents, car dealerships, etc. They know the landscape of the lending in their local area and can help you meet the criteria lenders are looking for. Local credit repair companies can recommend good people to work with to help your large purchase needs. Larger nationwide credit repair companies don’t have these relationships, and do not know the landscape to send you to the right resources.
- No Long & Drawn Out Contracts – A lot of the big credit repair companies have contracts that last a year or longer. Most people we encounter at Credit Wellness Solutions seek our services because they have either been referred by another local business to get their client’s credit improved to get approved for lending, or someone who is seeking to make a large purchase, like a home or a car, within 6 months or less.
- More Aggressive Disputes – Larger credit repair companies tend to only dispute one or two tradelines each month, instead of all of the tradelines that need work. Also, they also tend to either dispute one factual error or send out cookie-cutter “609” “prove it or remove it” or “not mine, never late” disputes, instead of attacking all the errors on the credit report at one time. This is another strategy they use to drag out the credit repair process.
- Small Business Credit Repair is More Compliant With Federal Laws & Regulations – Of course for small businesses, it is in their best interest to be compliant with laws and regulations because they cannot afford the court battles of breaking federal credit repair laws like CROA, or the Telemarketing Sales Rule (TSR) which is typically the biggest offence the big companies do, as I know from experience, before I fixed my own credit, they call consumers unsolicited. While some of the outcomes of cases can benefit the small businesses, some outcomes can also harm the whole industry as well.
- Small Business Credit Repair Spot Violations – The big boys of credit repair that tout the word “LAW” in their name as if they were a law firm state explicitly in their contracts that they do not do Pre-Litigation credit repair, which means they do not bother to inform you of violations of your rights as a consumer of the FCRA or the FDCPA. This means you could be missing out on compensation owed to you. Small business credit repair companies tend to spend time to look for violations, informs you of those violations, and with your consent will send you to a consumer protection attorney at no cost to you.
- Personalized Service – You are just another contact (or a blip on the radar screen) in the big company’s CRM. For a small business credit repair company, you are their neighbor, their friend. Services are catered to your individual needs, rather than a one size fits all approach. When you are contacting the small credit repair company, you are likely interacting with the owner directly, or maybe one of their few employees, with the large company you are interacting likely with a call center, or a virtual assistant from another country. By interacting with the owner directly, you will likely receive service unique to your individual situation, there is not a one size fits all approach to credit repair, because with the one size fits all approach, there are many opportunities missed to maximize the potential of the individual’s credit report, and missed opportunities to hold accountable those who are reporting your credit reputation.
Supporting your local credit repair company supports your local economy
As the heading above says, you are supporting your local economy by using your local small business credit repair company. Not only does this present the opportunity to create jobs for your locality, it also supports other businesses in the area the same way. As mentioned in the previous section, small business credit repair companies develop relationships with professionals from their area. Not only do they receive business from these professionals who refer clients to them to get them approved for their particular
product or service, but the small business credit repair company supports their local economy by supporting other businesses in the community. They don’t mind assisting their clients in finding a mortgage professional, real estate agent, or car salesman. Even local attorneys can benefit. For example, if a client comes to me with overwhelming debt, and has a credit profile that wouldn’t receive much benefit of credit repair services, I would probably advise the client that bankruptcy may be their best option before coming back for credit repair. I would send them to a reputable attorney that could handle that for them, also when it comes to finding violations on someone’s credit file, I would ensure my client goes to a reputable attorney.
Final Thoughts
Anytime I get the opportunity to support a small business, I do. This country is built on the backbone of small business. In fact, small businesses are the nation’s largest employer. Your local economy depends on the success of small businesses in the area. When looking around for help with your credit, shop around and find a small business credit repair company. You will not only be glad you did, but your local economy will be glad too.
Credit Wellness Solutions’ Promise To Eastern, NC
I am so adamant about small business and supporting my local economy that I am going to make a special page on my website that features area businesses that will help increase their exposure to the area. To be listed on this page you simply need to become a partner of Credit Wellness Solutions, and send us 1 client you can’t get approved, or a client that needs to improve their credit to get better terms they can afford. We will list you on our website. Not only can I assist you with clients you can’t get approved, or clients needing better terms, I will also be sure to refer my clients who need your services to you. That’s how a small business can and will support other local businesses!
