It is no surprise that many El Pasoans are credit challenged. According toWalletHub, El Paso came in at 2,032 of 2,570 U.S. cities ranked for their average credit score. (That score, being 646.29.) When it comes to homebuying, that credit score makes or breaks buyers. So, most then turn to seek help from credit repair specialists.
The news I have heard recently from prospective buyers saddens me. Just in the last two weeks, I have met 5 buyers who trusted their money with so-called credit repair experts, who then turned around and ran off, never to be heard from again. Now these El Pasoans are not only without the credit score they need to provide a home for their families, but without hundreds, if not thousands of dollars.
While you can attempt to fix your credit yourself, many don't either have the time or know who to call.
How to find a reputable credit repair specialist!
FACTS YOU NEED TO KNOW:
1. All credit repair specialists, called CSO's (credit service organizations) MUST register with the Texas Secretary of State's office.
2. All credit service organizations MUST be bonded with a surety company.
3. There are only 5 credit repair companies actually registered with the Texas Secretary of State in El Paso, and have active bond status.
Here are all of their names and contact information for your benefit! Once you get that credit score up (many buyers can get loans with scores as low as 580!), give me a call so we can start searching for your forever home!