A lady I work with fixes credit as a second job and said she can raise my beacon score,possible in 3-4 months?

Question

I had a bankruptcy discharged in April 2004,since then I've paid off a car loan I had and now I just have student loans and utility bills that have been up to date this whole year.Is there anything she can do that I'm not already doing myself?

this lady has her own business after working for years as a lawyer's aide,so that part is legit,which is the only reason I'm considering this.

Answer 1

Yes, about 80% of credit reports have errors on them. I used a service like that (just to see what would happen) and it jumped my score 65 points in less than 2 months. Having said that you'd probably be fine without it.. .just keep doing what you're doing.

Slainte,

-D

Answer 2

Not really. You credit history is good if you've kept current with your student loans and car lons. It looks really good if you've already paid off your car. She might be able to help you with issues related to your bankruptcy, but there's not much else she can do. Credit couseling is mainly for people with really screwed up credit that have months of unpaid bills. You seem like you got your stuff together now, so just keep your record clean and you can apply for a credit card. Use the card to buy stuff you need like groceries and pay off the full amount for like 3-6 months in a row. This will help build your credit. After that, keep the balance on the card at about 10-20% of the credit limit to help build your credit some more. Don't waste your money on a consultation that will tell you something you already knew.

Answer 3

Listen, and listen closely...only time will heal old credit wounds. There are ways to dispute items on your credit report DIRECTLY with the bureaus. And it does not cost you a thing. I had used a law firm to fix my credit report, and I saw they weren't doing anything different from what I could legally do myself. Also I recommend you keep doing what you are doing and slowly build up credit lines (no more than two), and if you are trying to buy a home, etc., you need to have at least 2-3 years of a clean history. Bankruptcy laws have stiffened...now remaining up to 10 years on your credit report. That is why it should be the ABSOLUTE last resort to file for a bankruptcy. I chose the other option....I worked my *** off to repay my bills...and believe me it was not easy after my husband lost his job and I wound up behind on everything. It can be done, and when see it finally come OFF your credit report...CELEBRATE.

Answer 4

It is possible. I have done it personally. I don't think you could do it in 3-4 months...it has taken me about a year. You don't really have to pay someone...just get a copy of your credit report & write letters to the credit agencies disputing the incorrect information. If you want to you can even dispute the correct information- that is a gamble though. See the credit agencies have no more than 30 days to verify that the accounts are in fact yours. So, if you dispute an account that is yours and they can't verify it within 30 days- they legally have to remove it from your credit file. It's not necessarily the honest way to go about things...you really should only dispute the incorrect items on your report.

Answer 5

Does this lady charge you for the service? You are aware that with a little research, everything she can do, you can do yourself. But if you are lazy and want someone to do it.......

Will she sign an agreement that promises to raise your score within 3-4 month? Will she agree to give back your money if she fails?

Can you go to the link below and read the file for a few minutes? It's from the FTC and goes into credit repair company scams and how they are not worth the money.

If after all of this you still think it's the way to go, then by all means do it.

Answer 6

As long as you make payments on time and if you start a secured credit card your credit score will go up each month. A secured credit card is where you pay them 300$ to 5,000$ and they give you a card with the given ammount and then you treat it as if its a credit card. Most people or students or people who filed bankrupcy use these cards to get thier credit back up. Also some of the banks u get the card through say that if in a 12 month period you can show that you can make timely payments they will approve you for an actuall credit card.

Answer 7

The biggest red flag I can see with this is - handing your personal information over to someone who is not licensed, bonded etc.

My advice, don't give her any personal information. If she has ideas, have her tell you what they are and "you" do the work.

You might also check out the site I've listed. There are many threads about how people have rebuilt their credit and improved their scores after bankruptcy, hard times etc.

Do some reading in the newbie forum first then in the credit forum and the bankruptcy forum.

Answer 8

Anything this lady can do for you, you can do for free yourself. Visit https://www.annualcreditreport.com/cra/index.jsp to obtain a free copy of your credit report from all three major credit reporting agencies. Verify that the information contained on them is correct. If not, file a dispute with the CRA's. Continue to pay your bills on time, and if you can obtain a credit card that you can charge a little bit on then pay off in full, this will help boost your credit score. The Federal Trade Commission has very good consumer information. Here is a link to a pdf document that will give you ideas on how to create a better credit report: http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.htm

Answer 9

you've been examining the Huffington publish 2 a lot. John McCain spent 5 years getting tortured and ravenous in a reformatory camp. Its a touch hard promote to assert that the guy is conscious not something about suffering. And Elitism is a body of concepts or concepts-set. you may want to be the richest man or woman interior the international yet when you're right down to earth and humble you at the prompt are not an elitist. elitists imagine they are more beneficial effectual that any one.

Answer 10

FYI, utility bills dont go on your credit report, so the only "good "account you have on your CR is your student loan. Consider getting a $200-500 credit card and maintainig a low balance. Your report needs both revolving debt (CC's) and Installment debt (loans.)