Why It’s So Difficult to Find Honest Credit Help
Friday, November 30th, 2007Finding credit help, particularly online, has become systematically (and disgustingly) difficult. As you may recall I expressed my frustration with the lack of honest, responsible resources available for people who want to repair their credit score in my first blog entry, “Why I Am Starting A Credit Blog“. While I did rant about the lack of credit resources in that entry, I cut short of actually evaluating the purpose or mechanism behind this shortcoming. After a couple of nights, deep in thought, and given my experience, I have composed a rather solid argument of why it’s so difficult to find honest credit help.
As a premise for my argument, I am going to assume that there are indeed a substantial number of resources available –they are, however, decentralized and flooded out by a competitive market. This market, of course, includes credit reporting agencies (which have no official status by the way –more on this in another article), debt consolidators, and so-called “organizations” designed to help folks fix their bad credit, etc, etc. These organizations and companies have been extremely successful in capturing the attention of their intended audience, and thus, furthering their ability to skew the playing field.
