2007-03-23 02:51:27 · 7 answers · asked by Ms. Gump 3 in Business & Finance ➔ Credit
No because all they do is write to the credit bureaus and challenge every derogatory thing on your credit. This means that the credit bureaus have 30-days to prove that these items are correct or they have to remove them.
What happens is a lot of lenders take over 30-days to respond so in the short run these items are removed and your score goes up. But when they do get around to proving that these items are correct, they go right back on your credit bureau.
This is something you can do yourself, if there are items on your credit that are wrong? You can contact the credit bureaus and challenge them. But be aware you must have a good reason to challenge them.
2007-03-23 03:02:50 · answer #1 · answered by ? 7 · 0⤊ 0⤋
It depends on what they are offering to do for you. You never want any company to "clean" your credit report. They will remove everything from your report, good and bad. You are left with a "0" credit score. Just like if you had never had any credit at all.
If they are doing credit counseling, working with lenders to reduce and payoff bad debts, that might be ok. Make sure you are working with a non profit group.
2007-03-23 10:03:32 · answer #2 · answered by Kat H 6 · 0⤊ 0⤋
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!
2014-09-12 07:48:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
What totally sucked was the fact that after college I had so much credit card debt that piled up and it was really affecting my credit score. I searched around and tried a few of those debt consolidation sites but found that nothing that I tried really worked. I found this kick *** site that helped me alleviate these problems and I want to share it with you.
I helped me out so much and I hope it helps you as well.
http://getoutofdebt.5gbfree.com/index.html
2007-03-23 13:03:24 · answer #4 · answered by Kelly R 1 · 0⤊ 0⤋
NOPE! In fact, if you will go to the website below, you will see that MANY of these places are just complete frauds that take your money & do NOTHING at all. IF you are in need of help learning how to get out of debt, I recommend Dave Ramsey's "Total Money Makeover" book. It has helped us tremendously. It is not a dumb "fix-your-credit-in-10-days" book; it is a practical, workable plan for getting your entire financial act together one step at a time. His link is also below.
2007-03-23 10:01:05 · answer #5 · answered by Tom's Mom 4 · 0⤊ 0⤋
why would thay care about you the only person that can fix your credit is you and time
2007-03-23 10:06:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
One of my friends used one of those companies. They screwed her over pretty badly.
If you have the time, you can do all of this yourself.
2007-03-23 11:56:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋