Credit Repair

With tightening mortgage requirements for borrowers understanding and managing your credit score has never been more important. Some things to consider when choosing a credit repair company, there is no way to removed legitimate obligation off a credit report or to “wipe it clean” and beware of exorbitant, hidden fees. Credit Service Organizations (CSO) must be registered with the Texas Secretary of State’s office (www.sos.state.tx.us). If the company isn’t on the list, there is no state provided protection. Contracts for credit repair must be in writing, dated and signed by the consumer. It must contain the payment terms, a description of services and estimated period of performance, the address of the organization’s principal place of business and the name & address of the registered agent.