5 Things Your Credit Repair Service's Contract Must Specify

Hiring a credit repair service is certainly the route you want to take to get back on the right track. There are certain things you can take care of on your own, but something as serious as your credit needs to be left for the professionals. To make sure you hire a safe and reliable company, here are five things your contract must specify.

1. Payment terms

Unfortunately, you are going to have to pay the service for their work. Prior to agreeing to anything, make sure the contract you sign specifies exactly what the payment terms for the services is. You want to know exactly how much you are going to pay for all of the services that are done.

2. Description of services

Having a detailed description in the contract of the services that will be performed eliminates any risk of you being scammed. You want to know specifically what the company is going to do for you to repair your credit. The more information that is detailed, the better off you are in the long run.

3. How long will it take?

Any credit repair service can get you back on the right track, but how long is it going to take them? Even you can begin to repair your own credit over a year or two. However, most people do not have this long to get things turned around. This is precisely why you want to hire a service because they are professionals. Although it may not be possible to give a specific date, there should be a ballpark estimate of how long it is going to take.

4. Guarantees

Are there any guarantees the company is willing to make? A legitimate credit repair service will offer a money back guarantee if they cannot repair your credit by a certain amount of time. This shows they are confident about what they can accomplish.

5. Contact information

The last thing you want your contract to specify is the company's name and contact information. This should include an email address, phone number, and physical address. You want to make sure you can get a hold of someone to have all of your questions answered. After all, you are trusting a company to take care of your finances and credit problems.

The more information your contract includes, the better off you are. You do not want to assume a company will perform certain services and not have it in ink. These are just a few of the many things you want your credit repair service's contract to specify.