I'd like to fix my not-so-great credit and improve my score. I'm looking into the possibility of working with a consolidator or credit improvement service; I've heard good things about companies such as Ameridebt or Lexington Law. Any recommendations?
2007-02-20 02:48:45 · 6 answers · asked by Nuala 3 in Business & Finance ➔ Credit
Note: I'm engaged to a mortgage broker, so he has a lot of experience with the credit bureaus, scoring, improving credit, etc. He also holds seminars on financial advising. So I could probably do this myself or with his help, but I'd rather take it to an outside company who specializes in this. I don't mind paying fees, unless they are astronomical.
2007-02-20 09:10:56 · update #1
Northwest Business Advisors is a good company. They are regarded as the best in the country. Their BBB report is the best I have seen regarding businesses of this nature.
You can do this yourself. It is possible. However, I'd like to point out that you can also fix your car yourself. But it is better to take it to a professional mechanic, right? The same goes for something as complex as credit restoration.
If you want to check out NWBA here is a link you can use:
http://www.nwbusinessadvisors.com
2007-02-20 06:37:17 · answer #1 · answered by nebula7693 4 · 1⤊ 0⤋
You can skip all the companies and do it yourself. If there is an actual error, it will rectified promptly. Hounding consumer reporting agencies with petty letters and or citing they did not respond timely are some of the tactics used by companies that charge. You can purchase a great book called Credit Repair and written by an attorney named Robin Leonard. It includes all the various scenarios and stages of credit repair. A credit counseling service will scar your credit score as if you were in a Chapter 13 bankruptcy. According to the Better Business Bureau, more complaints lodged against credit repair organizations are in the top five. Go to www.nolo.com and review the book I mentioned.
2007-02-20 03:46:15 · answer #2 · answered by Joseph H 4 · 0⤊ 1⤋
The best to work with is yourself. Most of these credit repairs services are going to charge you a fee to do stuff you could do yourself. If they are charging you a fee, you are going to be deeper in debt and your credit isn't going to be any better than it was before. You'll just owe more money.
I don't know Ameridebt at all but Lexington Law sent me spam email for about 2 years a few years back. I don't even know where they got my email address from since I've never been in credit trouble and never asked them for any type of help. I was getting 2 or 3 spam mails from them a week. I finally moved and got a new email address and got rid of them. Based on that experience alone, I'd have to give them a thumbs down. Any legitimate company does not need to be sending out mass mailings to get business.
2007-02-20 02:59:18 · answer #3 · answered by Faye H 6 · 0⤊ 2⤋
Yes, Lexington Law is a good option. You can also buy a do-it-yourself credit repair kit. The links for both options are below
2007-02-20 08:44:49 · answer #4 · answered by Anonymous · 0⤊ 2⤋
I'm currently using Lexington Law. They've been a godsend to me. They've actually managed to dispute and remove several negative items off my report. They offer a lot of other services as well. Granted, it does take time, so don't expect it to happen overnight.
2007-02-20 02:57:12 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Doing it yourself is the way to go. I used CCCS and was not happy with the results. I spent $30.00 a month in fees with them and still had to call creditors myself. So I decided to go it alone and used The Credit Repair Manual to do it.
http://www.thecreditrepairmanual.com
2007-02-20 05:35:08 · answer #6 · answered by Anonymous · 0⤊ 1⤋