I see a lot of places advertising that they can clear your bad credit, regaurdless of whether it was your fault it got bad or not.
2007-04-16 12:58:53 · 10 answers · asked by james t 1 in Business & Finance ➔ Credit
If they are licensed and fully bonded then they're legit. In most cases you CAN do what they do, but do you really know what your doing? It is a lot easier to read or hear something than actually do it. Some of these guys are top in their fields. I personally know a lot about credit, and I work with credit agencies on a daily basis. Yet I'm limited to how far I can help a client in increasing their score. I had a clients score jump up 60 points in 5 business days thanks to a credit repair agency. It all breaks down to what you need and how soon do you need it.
Hope this helps...
2007-04-16 13:42:56 · answer #1 · answered by Las Vegas Go To Loan Guru 3 · 0⤊ 0⤋
Lexington law firm is legit. You pay an initial fee and then a monthly fee around $59 or so. What they do is dispute all bad items on your report. When an item is disputed the bureau has to confirm it with the creditor. If it is not confirmed it has to be removed. But it is a process requiring follow up. You can actually do it yourself but you have to stay on top of it. There are books out there that tell you how. But Lexington is legit because I have used it and it works. It just takes time.
2007-04-16 13:07:59 · answer #2 · answered by Justthefacts 2 · 0⤊ 0⤋
no. they can't do anything that you can't do yourself. Seriously if you want to fix your credit get a credit report and start calling the companies that's on it and negotiate the amount they are seeking. Once you do that just pay them. that's the only way. A slow paying account is better than a no pay account and hell of a lot better than a closed but still owe account.
2007-04-16 13:06:45 · answer #3 · answered by truly speaking 4 · 0⤊ 0⤋
this would not make experience, a loan to somebody with a low credit historic past will probable have a extra robust pastime value than the cardboard's ones so which you would be worse off not extra useful.
2016-10-03 02:24:57 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Yes they are but they cannot do anything that you cannot do yourself. Learn about debt management and the strategies surrounding it and do you own debt management recovery. Its a lot cheaper and more personal. Profile - finance has more information.
2007-04-16 13:11:49 · answer #5 · answered by Ads 2 · 0⤊ 0⤋
yes it is legit.what they do is contact the creditors and tell them that if they don't respond in a certain amount of time then the bad debt will be removed from your credit.It is expensive but it will work as long as the creditors don't respond in writing confirming the bad debt...
2007-04-16 13:08:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If the problems on your report are accurate it is a SCAM.
2007-04-16 13:07:31 · answer #7 · answered by Anthony M 6 · 0⤊ 0⤋
They can only legally do what you can do yourself for free and must tell you that.
2007-04-16 13:08:38 · answer #8 · answered by Mariposa 7 · 0⤊ 0⤋
Of course they are not legit.
But you can always try... just afterwords don't say we didn't tell you
2007-04-16 13:05:06 · answer #9 · answered by Incansable 2 · 0⤊ 0⤋
nope. it's all a scam.
2007-04-16 13:01:36 · answer #10 · answered by Anonymous · 1⤊ 0⤋