Credit Services Providers and Their Role
Examples of Credit Services provided by CNAF to the Group are to be performed on normal business terms or at least, better, and not secured by the resources of the Group. Other examples of Credit Services are insurance of risks, assurance services, risk management, market study, and auditing of accounting systems. In any case, Credit Services from CNAF would have to relate to what is happening in the Group in terms of finance , operations, strategy planning, sales and market development. In short, they would try to create a picture of the challenges and opportunities facing the Group in the context of its business and try to find solutions to overcome these problems.
The Credit Services are normally divided into categories according to how they will be carried out. These categories are as follows: Assurance, Business Support, Collection and Settlement, and Credit Counseling. Among these, the Credit Repair Service is the one that is most often requested by clients. As per the three credit reporting agencies, this is the least popular service among all the other categories, probably because of its simple nature.
The best overall service from a CNAF is called Credit Repair. This is the best possible solution for a Company, as this would get it out of trouble even before the problem takes shape. It also provides the best overall solution to the problems arising out of bad credit. Another benefit that one gets from credit repair services offered by the company is that it gives confidence to creditors. Since it is clear that the Company has made efforts to rectify the past mistakes and is determined to do better in the future, it gives the impression that the Company is stable and will stay that way.
In fact, CNAF also has its own website which offers a free consultation service to its clients. There are certain points which need to be considered before availing the service. First off, one should understand that it is free and the consultation is only for general information. If you are seeking specific information, then you will have to shell out a fixed amount. The consultation provides a sky blue credit rating, which is an indicative of how good the credit score is.
The company website also offers two credit reports offers two free consultation sessions to people who need help repairing their credit. These are designed specifically for individuals and small business people. For big business people, they offer six monthly credit reports offers four credit repair packages.
There are two ways to search for credit repair companies and repair organizations. One is by going online and the other is through phone. Online way is preferred by many people, since they can save time and money. A simple search with the keywords "credit repair organizations act" and "online credit reporting agencies act" will bring about satisfactory results. However, it is also important to note that the internet based companies do not provide actual services to their clients and in this regard, it is better to deal with a local or established firm.
The second way is by calling a number provided on the website and dialing the operator and discussing the problem. Some organizations act as a link between the lender and the borrower and this enables a complete remedy to the problem. It also enlists the services of credit score advisors. When talking to these credit score advisors, make sure to ask them the following questions - what is the process involved and how long will it take to get the loan discharged? Ask them how many times the loan has been defaulted upon and if they have a plan to get rid of the negative mark on the credit report.
It is always better to work with a legal firm because scam artists are always around and you may fall into their hands. Legitimate firms offer services at affordable rates. Before selecting any particular company, check whether they are licensed to provide services in your state. In addition to this, once the problem is solved, you should make sure that you follow all the guidelines provided by your credit people so that it does not happen again. Credit Repair Network, Better Business Bureau, Consumer Financial Protection Bureau, Association of Settlement Companies are some of the reliable credit people who can assist you in case you find any sort of credit problem.