What is the real skinny on Credit Repair. Seems it costs quite alot. Is it honest and worth it. Can someone shed some light on this for me. Can't I do it myself and save the dollars and where do I get the info to do it myself?
2007-02-20 06:19:19 · 12 answers · asked by findtriny 2 in Business & Finance ➔ Credit
You have a chance to improve your credit rating and therefore brighten up your financial future by being patient, a conscious effort, and a personal debt repayment to improve your credit report. The most practical and effective way to truly improve credit is through a number of practical steps designed to help you not only improve your credit rating but also to maintain a decent credit rating once it has improved. No matter how bad your credit is, taking following steps will make it better.
STEP 1: Dispute Inaccurate Information or Frauds in Your Credit Report
STEP 2: Pay all of your bills on time
STEP 3: Reduce the number of credit cards you carry
STEP 4: Avoid bankruptcies, tax liens and collections
STEP 5: Request for Lower Credit Limits
STEP 6: Get a Small Loan or Credit Card with Co-Signer
STEP 7: Get a Secured Credit Card
STEP 8: Periodically Get a Copy of Your Credit Report
Find complete explanation for each step at:
http://www.howtoestablishgoodcredit.com/Credit_Articles/index.php
2007-02-21 10:59:57 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Now that you have seen the myths from the people who have answered before me, let me tell you the truth about credit repair. It is just a legitimate as any other business out there if you have chosen a legitimate company. Just like going to a mechanic for your car's repair work you would go to a credit repair service for credit repair.
Can you do it yourself? Yes. But you will have limited success. Once you hit the walls of "Frivilous" or "Confirmed", unless you really know the 340 laws in the Fair Credit Reporting Act, you will be stuck. Any credit restoration company worth their salt will know how to get around these obsticles.
So how do you tell which companies are legit and which ones are not? Read this article. It will explain how to tell the difference. http://EzineArticles.com/?id=446559
Look at their BBB pages. Here are two examples: http://www.saltlakecity.bbb.org/commonreport.html?bid=2000829 (notice how many complaints they have had filed against them) and this one http://www.thebbb.org/commonreport.html?bid=39000730 (notice how few complaints against them)
There is a lot to credit restoration. It is more involved than just writing a few letters saying "I dispute this account information." While you will have some success with that, it will only get you so far. Let the Professionals do it. That is what they are here for.
2007-02-20 07:23:43 · answer #2 · answered by nebula7693 4 · 2⤊ 0⤋
dont pay anyone for credit repair! You can get free help many places online. A great place to ask questions and learn about credit repair is on a Credit Repair Forum. A good one is http://www.CreditFamily.com/forum
You can get sample letters and other free information. Go ahead and read some of the post there. You will see many people there have been doing this for a long time! Good luck!
2007-02-21 15:09:17 · answer #3 · answered by Maker 1 · 2⤊ 0⤋
Most credit repair companies are scams. You can get a free annual credit report from all three major companies once a year. Each of the companies tell you how to dispute items on your report it they are not valid. If they are valid then you can contact the creditor and see if they will remove it from your report if you pay them or work out a deal. Some companies will work with you and accept a deal other will not. My best advise is to not use a credit repair service especially those who claim they can fix your credit for you - if you have bad credit you have bad credit and about all they do is dispute items so it raises your score for a few days and that is all.
2007-02-20 06:25:10 · answer #4 · answered by middle aged and love it 3 · 2⤊ 1⤋
Step-by-Step Credit Repair Guide: 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
2007-02-20 15:04:28 · answer #5 · answered by mey t 2 · 1⤊ 1⤋
Credit repair is something you do over time. You just pay your bills on time and pay off all credit cards and avoid using them. I wouldn't go to anyone to repair your credit, it isn't worth it, just deal with the cards you were dealt.
2007-02-20 06:23:45 · answer #6 · answered by nickhawkins21 3 · 1⤊ 1⤋
Creditinfocenter.com is good. Disputes are the way to go. If you do your homework, you can repair your own credit for FREE!!!!
2007-02-22 14:29:30 · answer #7 · answered by flagmagnets 3 · 1⤊ 1⤋
Сredit repair workеd fine for me. I used this service http://www.anrdoezrs.net/bq98vpyvpxCKJFDJJICEEDJJHMF They disputed and removed lots of bad items from my credit report.
2014-08-04 18:41:32 · answer #8 · answered by Anonymous · 3⤊ 0⤋
I found this site http://goo.gl/9vFXXN and hope you will find the information that you've been looking for. This may help you to get answer of your question.
2014-09-01 19:32:20 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Yes you can do it yourself...My wife and I repaired mine! If you want to learn how then visit http://www.thecreditrepairmanual.com
2007-02-20 07:06:12 · answer #10 · answered by Anonymous · 1⤊ 0⤋