If you are a resident of New Hampshire, you are eligible to contract with a reputable credit repair services company. However, some credit restoration services are frowned upon by New Hampshire regulations. Since 1989, the Credit Service Organizations Act, RSA 359-D (CSO Act) was enacted to ensure that credit repair services act responsibly toward consumers. The act stipulates that it is illegal for a credit repair service to exist without posting a bond with the New Hampshire Secretary of State. Consequently, every legitimate credit restoration company in the state of New Hampshire must possess the aforementioned bond.
A New Hampshire Credit Repair Service Must Make Disclosures
In addition to making appropriate disclosures to consumers, a credit card company must allow clients five days to change their minds and cancel contracts. In addition, the written contract must reference the five-day allotment utilizing 10 point bold type that is easily noticed by the consumer. Information given to clients must include specific details about the types of services offered and a comprehensive list of expected charges for said services. Companies that do not adhere to the regulations are violating the law. If you are in need of counseling from a credit repair company, make sure you choose a service that has a sound and established reputation.
You Have the Right to Repair Your Own Credit History
Of course, it is your right to fix any flaws found in your credit reports. You can even get free yearly reports from Equifax, Experian and TransUnion. However, you may find it difficult and stressful to repair a complicated credit history filled with numerous mistakes. In this case, you may want to seek the help of a credit repair counselor who understands the law. If you are serious about repairing your credit rating based on a complicated history, you may find it easier to work with a professional credit counselor who can guide you in the right direction.
Refrain from Relying on Automated Services for Help
Even though software programs are helpful, the best credit services hire knowledgeable representatives who actually understand credit laws. A service company representative who uses a standard computerized model also needs to have the ability to explore New Hampshire regulations. Otherwise, the services you receive may not equal your expectations. If you are concerned about bad credit, you need to get back on your financial feet. Try to find a credit repair company that focuses on furnishing you with accurate information gleaned from software combined with human intelligence.
Learn the Legal Trick of Interest-Free Credit
You may think that obtaining a credit card automatically implies making interest payments every month. Fortunately, this common perception about paying monthly interest is incorrect. You do not ever need to pay any interest on your credit card if you always pay your monthly statement balances on time. Instead of paying the $25 minimum payment on your credit card, sign up with your bank for the automatic payment option. Once automatic payment is set up with your checking account, the full monthly statement balance will pay on the due date every month.
Keep Your Checking Count Replenished
The catch is that you need to maintain a higher balance in your checking account that enables prompt monthly payments without overdrawing any funds. Once you realize that you never need to pay any interest, you may have a better attitude about your credit card. If you want to achieve an excellent credit score reflecting numbers above 750, paying your statement balance automatically makes a big difference in your favor.
Good Credit is Easy to Achieve
Contrary to what some so-called experts advise, you do not need to maintain several credit cards to merit a high credit score. All you need to do is show creditors that you pay your bills on time. Try to stay well within your credit limit if you want to realize a higher credit rating in the near future. Your score is based on responsible behavior demonstrating that you are capable of paying your bills without enduring any financial hardships. With the help of legitimate credit repair services located in New Hampshire, you can easily recoup an excellent credit history combined with a sound reputation.