But for a result, then this entire effort is worthless, right?

Almost all credit improvement services want a long term commitment from you to deal with your credit reporting. That way they can charge you a fee, month after month. Most people don't need such a watchdog service ad infinitum. You just want a result, like, . . . NOW!

To clean up your credit reports, you should pay only a one-time fee for the service, because it typically takes just 4 to 8 weeks to complete. That's it!

While every situation is unique, upon completion, credit scores usually increase from 80 to 100 points. That's enough to get you that better deal.

Every additional ½% of interest per $100,000 over 30 years costs the borrower about $12,000. Look, a rate increase of 1½% on a $200,000 loan amortized over 30 years costs the borrower more than $70,000 of additional interest. That's hundreds of dollars more per month.

Ouch! Think about the opportunity costs of paying all that additional—and avoidable—interest. By freeing up that money, you could fund a retirement plan, or pay off other debts, or pay for your kid's college education. Instead of paying interest, you could be earning an interest.

It is so important to deal with this BEFORE you submit that application. Let the credit decision makers work for you, and not the other way around.

Illegitimi non carborundum.

Revised: September 6, 2015