2006-10-25 06:05:12 · 7 answers · asked by Margaret S 1 in Business & Finance ➔ Credit
The majority of financial advisors would say that credit repair law firms don't work. To repair your credit score is going to take time. if you have enough money to visit a law firm you might want to put that toward a secured credit card. Use the card and pay it off on-time every month. Reducing your credit card debt below 50% of your credit limit can also increase you credit score. Paying off collection (not taking a settlement) can also increase your score. Doing those few things you will see your score go up just after it get reported in 30 days. Repairing you credit takes time. Pay on time, get credit card balences down, pay of collections and settlement, secure credit cards, and not closing accounts.
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Here is also a report "6 credit tips" Check it out it is helpful
http://www.freelansingrealestatetips.com/credit_secrets.aspx
I hope this information is helpful to you.
2006-10-25 06:13:26 · answer #1 · answered by Matthew M 2 · 1⤊ 0⤋
Lexington Law Firm is the company that I used and they were absolutely spectacular and efficient. I have personally found what I think is the best credit repair firm out there. Not only do they dispute accounts which are old, inconsistant and misleading, they will give you alerts of any changes being made to your credit in the meantime. They repair your credit within an extremely reasonable timeframe and you have complete control over exactly whats going the whole time. When you orginally order your credit report online you do it yourself through either freecreditreport.com or annualcreditreport.com which I thought was helpful becuase it helped to familiarize me with what was on my credit report and which derragatory accounts could actually be fixed. When you get a chance...check them out online.
www.lexingtonlawfirm.com
or call them toll free at 800-341-8441
2006-10-25 13:48:50 · answer #2 · answered by shanstew 3 · 0⤊ 0⤋
There is no way to remove negative items from your credit report that are correct. The only time an attorney can legally help you remove a negative from your credit report is if the negative entry is past the limitations (7 yrs in most states) or if the entry is an error. You can do these same things your self. If you are having problems (with credit bureau or original creditor) getting incorrect or aged negative entries removed from your report you should consider hiring an attorney. The most popular and from what I understand the most reliable credit attorneys work for Lexington Law.
2006-10-26 01:40:51 · answer #3 · answered by memva1970 1 · 0⤊ 0⤋
I have never used a credit repair company/law firm. About three years ago, I wanted to purchase a home, and my credit score was between 450 to 550. It took me about six months but I was able to clean up my credit. I worked a lot of overtime to earn extra money to pay off my creditors, some I settled with and others I negoitiate with. You can repair your own credit, it will take patience and consistentcy on your part, but you can do it yourself. In July 2004, I closed on my first house with 7% interest rate.
2006-10-25 13:16:51 · answer #4 · answered by gp1314 1 · 0⤊ 0⤋
i totally agree with matthew. i was a lucky one about 9 mths ago my credit was 503 but the credit union i went thru gave me the loan(bad credit from divorce) got my truck, and have since gone up over 150 in 9 mths. with hard work, strong will, and determination, you can do it by yourself. be commited to getting debt cleaned up, medical or otherwise! i am now on my way to buying my first house!
2006-10-25 19:53:04 · answer #5 · answered by mommyof5 2 · 0⤊ 0⤋
Lexington is good, but I found this company to be less expensive and far more personalized.
http://www.expert-credit-advice.com/credit_repair_service.htm
2006-10-26 21:26:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋
http://www.ftc.gov/bcp/conline/pubs/credit/repair.htmhtt
2006-10-25 13:14:51 · answer #7 · answered by Anonymous · 0⤊ 0⤋