does anydody know if that "excellent credit in 15 days" program works?

Question

It looks like a good program but I don't want to waste my money if it is a scam.

this is a program that tells you to use a ein number and also put accounts in good standing, on your on your credit report.

Answer 1

Fixing your credit takes time. And there is noone out there that can erase bad credit history in 15 days! It takes at least 30 days for the bureaus to verify your claim.
It screams of scam. Please save your money!
An EIN or FEIN, is for employers/businesses only. Using an EIN to get better credit is fraud and a felony! Forget fixing your credit...Meet your new 'buddy', Bubba!

Answer 2

There is not a quick fix for fixing your credit, There are legal companies that can repair your credit. Although you need to make sure they are operating correctly...

Here are some things that you can ask them:

1) Do they charge a Monthly Maintenance fee? Most companies charge a Monthly Maintenance fee from $75 to $120 a month. This only makes them drag their feet so that they can collect an additional $450 to $720 in a six month period.

2) Will they review your credit reports for free, BEFORE you sign up with them?

3) Do they ONLY send dispute letters to the credit bureaus or will they validate the debt directly with creditor or collections agencies and dispute public records with courthouses if necessary?

4) Do they have a physical location and is it a home based business?

5) How long does their credit restoration process take?

6) Is the company operating legally?

7) Is the company bonded?

8) Is the company registered with the Secretary of State?

9) Does the company have any complaints with the BBB?

If you have any other question concerning credit let me know.

Answer 3

Credit scores are a way for banks and lenders to gauge your overall trust as a borrower. As we all know, trust takes time. Same thing with credit. Credit depth and history plays a major role in factoring your credit score. Sure you may have perfect credit, but without any credit history, you'll find it very difficult to obtain solid financing on any big purchases.

If your credit is badly dinged, it will be difficult to move the scores much higher in a matter of 15 days. But, if you just have high outstanding balances, and overall solid credit history with no lates, this company will likely have you pay off those balances and rapid rescore those accounts to the credit bureaus, which will result in higher credit scores.

It's not magic, but it can help if you actually do something positive towards your credit profile. These companies can't cheat the system. They can merely speed up the process.

http://www.thetruthaboutmortgage.com

Answer 4

Obtaining an EIN for this purpose is illegal. I would not want to risk going to a federal prison for good credit. Those are the types of things that the FTC warns against when trying to "repair your credit."

Sovereign is not correct. If you dispute anything in your credit file, they cannot bump the date up to make it stay another 7 years; that's illegal. They have to wipe it off 7 years after the date of last activity. Say, if you missed a payment in 5/2000, which led to a repo, charge-off, or late payment, it has to come off 7 years from 5/2000.

Answer 5

If you are paying someone else money to clean up your credit it is a SCAM ! Don't do it ! I don't care what the ads look like !

They're not going to do anything you can do yourself.
You need to get the copies of your credit reports from all 3 agencies and write the letters to dispute or remove items from your reports that you are disputing.

That's all they are going to do and take your money besides.

You can probably get it fixed yourself in a month or less.

Answer 6

Celeste is the only one that gave you the correct answer.

It IS a fraud and felony to use that system. Many people that do find themselves facing not only a very stiff fine but prison time as well.

She is also correct that the bureaus have 30 days (when using a "paid" report) to deal with disputes.

She deserves to be selected best answerer, since she is the only one that had provided the correct answer.

You should forget about the scams and work on your credit yourself. All it takes is your time and some postage.

Answer 7

No it does not...The only sure way of improving your credit is to pay your bills on time...Most companies that offer this program are scammers that take a few hundred bucks from you for doing nothing to improve your credit. In some cases, they can make your credit worse off than before.

Answer 8

It sounds a little too good to be true, it does take awhile for you to improve your credit by paying your bills on time and such. I'd be weary of businesses like this because sometimes they end up taking your money. You might contact the Better Business Bureau for reputable companies.

Answer 9

Yes, it's a scam. It can actually hurt your credit, because if you have a negative from 6 years ago, then you go and force the company to prove it, you just reopened your case and reactivated the debt and it'll take another 7 years to fall off. Pretty much any time you force the creditor to touche your file, you tack on another 7 years.

Answer 10

This does not work! Don't waste your money. If you are trying to improve your credit score, you won't want to add additional inquiries and you will create new activity on old accounts.