Debt resolution and credit repair services can be helpful to consumers looking to improve their financial situation. However, it is important for consumers to understand that these are very different services, because these products and services are not suitable for everyone.
Credit repair services may be beneficial to any consumer looking to improve their credit report.
It involves fixing errors or inaccuracies on a consumer’s credit report, including:
Identifying and disputing errors with credit bureaus.
Addressing discrepancies can potentially increase a consumer’s credit score over time.
Debt resolution providers do not fix or address existing errors, inaccuracies, or questionable items on consumer credit reports.
During a program:
Debt resolution services are not implied or intended to improve consumer credit.
Understanding the difference is crucial for improving financial health. Consumers should research and find reputable companies that fit their circumstances and have proven track records.