Should someone use a credit repair service??

Question

I need to improve my credit and i want to use one of those credit repair agencies I heard about. anyone have any advice on that? ive checked out a few and one that seems to be the best Ive found charges $99 to setup and $79 a month. anyone know anything about these? it is worth it? thanks-

Answer 1

I read the Fair Credit Reporting laws and did it on my own. It's very time consuming and you have to be persistent.

Answer 2

I know the one you are talking about. Before you use them, check out what the BBB has to say about them. Note how many complaints they have had in the last three years. Just follow this link, it takes you right to their BBB page.
http://www.saltlakecity.bbb.org/commonreport.html?bid=2000829

They are a reputable company but I would personally be leary of a company that fields that many complaints in a three year period. I would give you the link to one that is an example of a good company, but people might think that I am spamming, so if you want the link to that BBB page, you will have to email me.

As a general rule, credit restoration is a good thing if you use it with good credit management skills once the process has been completed. You got into the position you are in by not using those skills. Once you have been given a clean start by the service, it is your responsibility to maintain that good credit. Though I am sure they will be happy to take your money again, that is not the purpose of credit restoration. It is to give you a second chance.
Sometimes things in our lives get a little out of control. That is to be expected. And sometimes those things aren't managed properly and you have to seek help. That is ok. Use the service for what it is intended and live a good life after that. Our nation is built on the philosophy of second chances. Don't be afraid to use your second chance.

If you have any questions regarding credit issues you may email me at [e-mail]

Answer 3

Frankly, there is nothing that a credit manager can do for you that you cant do for yourself. All they do is call the bill collecter, kiss a$$ and beg like like a little doggy.

If you are in collections, call the collectors one by one and tell them you want to cut a deal. Tell them you dont have any money, you have...start at 50% and you want to settle your account out and you would pay them the 50% if they take it off your credit report as well. Make sure to get a letter from them saying they agree to the deal. If it doesnt work and the collector is greedy, they will atleast set up a payment plan for you to pay in full.

A credit manger has no authority to make a bill collector or a creditor do anything. There is no laws that say bill collectors or creditors need to bow down to a credit manager.

Honestly, when a debt manager calls me to settle an account, it pisses me off. I wont cut a deal with a debt manager. I rather you call me and give me that 79.00$ a month that will go towards the money you owe and your set up fee can go as a good faith payment towards your account.

Answer 4

I did it about 15 yrs ago and at the time I paid about $175 FLAT FEE. And it worked!! If you're not familiar with the maze of credit repair I'd say it's worth it--but you CAN do it yourself.

Check out this website and while you're at it download the FREE Credit Repair Kit and LEGAL Letter System(on the lower right side). Reading that will help you with your decision.

Good Luck

Answer 5

You should be proud of yourself for taking the first step and seeking help - congratulations!

A good and reputable credit repair company can assist you in negotiating with your creditors, collection agencies, and especially the credit bureaus. Some places are even subsidized by creditors so you pay little or nothing. Have you tried getting one of those free credit repair consultations?

Check out: http://www.mortgageous.com/healthy-credit

They have specialists and even attorneys who are trained to help you rebuild your credit quickly. I've heard of people seeing major improvement in their credit score after seeking help from credit counselors, and relatively fast too.

Best of luck to you!

Answer 6

Bad credit can frustrate your efforts at getting a credit. Hence ensure you keep your credit report clean. If there are any errors in the report, undertake credit repair to clear out any errors. This can be tiring and frustrating, but highly rewarding. Though law recognizes and protects your rights, it is your duty to remove any anomalies in

Answer 7

I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.

Answer 8

You need to check out this video on how to increase your credit score by using a 100% legal loophole. Here is the video URL: http://www.creditscoresecret.org

I was able to get to 595 from 489 in just one day and from 489 to 748 in just a few week; that's pretty fast in my book. Good luck!