Many people who are overwhelmed by credit problems want to throw up the towel and let someone else handle it; this is where credit repair specialists come in. There are many companies that can assist you in resolving your credit problems, but before you go out and use one, there are a few things to consider.

For one thing, you should take matters into your own hands and do it yourself before spending any money. At the very least, get your own credit reports and review them for mistakes. You can always use someone if you need help after that. Get a report from each of the three credit bureaus: Experian, Equifax, and TransUnion. Don’t assume they’ll all have the same information or that if one report is correct, the others will be as well. Because information differs from one company to the next, be sure all three are free of errors.

If you’re persuaded that hiring outside help is the only option, consider the following:

1. Any business that ‘promises’ to remove negative items from your credit record if they are true should be avoided. You must accept the truth that accurate information can last for up to ten years, no matter how difficult it may be. Continue looking for a business that claims to be able to erase factual information.

2. Make sure you have a formal contract that specifies what the company will do for you and how much it will cost. Some businesses demand a one-time cost, while others provide a monthly payment plan. Make sure you read the contract and that everything is clear. In most states (check yours), you have three days after signing a contract to cancel it.

3. Before you spend time and money, make sure you’re serious about getting your credit back on track. In any case, boosting your credit score will need patience and sacrifice. If you’re not 100% committed to taking all the necessary steps, you’ll be squandering your money. It’s time to do a gut check; if you’re not ready, don’t pay for help.

4. Don’t believe anyone who says they can set up a second credit file for you. That is a heinous act, and even if they were capable of it (which they aren’t in most circumstances), you may face serious consequences.

When it comes to regaining financial stability, you can do it yourself with a little time and effort, but if the process seems too overwhelming and you want to contact credit repair professionals, remember the guidelines above to avoid jumping from the frying pan into the fire.