Should You Repair Your Credit Before Moving to a new Connecticut Apartment?


repairing credit before moving to a connecticut apartmentIf you’re getting ready to move into a new apartment, it’s a sure bet the apartment management company will want to know about your credit history before accepting you as a tenant. After all, they want to make sure you’re going to pay the rent on time each month. If you’re thinking of working with a company to help repair your credit before making application to your favorite Connecticut apartment community, make sure to do your homework first. You can start by visiting the
Equifax Personal Finance Blog.

A recent article, posted by the Equifax Credit Team, is entitled, “
How to Protect Yourself from Credit-Repair Scams.” The article discusses recent changes to federal regulations to ensure these credit repair companies are working in their customers’ best interest. Unfortunately the rules do not apply to companies where you meet face-to-face – only to companies that offer services over the phone or Internet.

With the new rules, credit repair companies aren’t allowed to collect any money until they’ve successfully helped the customer. If a company asks you for a fee up front, then decline their services. They also have to be more clear about how than actually can help, how much money they may be able to help customers save, and how long the process will last. They should be able to give you information without asking you specific information about your accounts, and they should tell you what things you can do to help yourself at no charge.

Remember, credit repair companies may be able to help you correct mistakes on your credit report, but they can’t change the facts that appear there. Whether you work on it by yourself or through a company, repairing your credit will take time. The experts at the
Equifax Personal Finance Blog have posted numerous articles on the ins and outs of credit reporting, and they can answer your questions.

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