whats the difference between credit repair and credit counseling?

Question

I dont have credit cards. I have a credit report that I need to clean up that has bad debts on it.

Answer 1

you do not need either on -- contact these bed debts folks and try to work out a payment schedule that will be agreeable to you and them!!!

Answer 2

Credit repair companies take advantage fears of credit card holders with negative credit reports, and use it to fill up their coffers. To do this they aggressively market themselves as if they can get every single negative entry on your credit report removed. This is simply not the case. Naturally plenty of people see this as a great opportunity, aggressively marketing their credit repair companies to those in trouble.

Credit counseling agency is a vital channel between your debt and your creditors. What they do essentially is negotiate with your creditors and reduce your monthly payments and interest burden. But, is credit counseling really that good as it is promoted in various advertisements and campaigns? Take a look at the following points and you might change your perception.

Credit counseling agencies are partly funded by credit card companies, and this is not without its reasons. Whenever a person with credit card debt goes for credit counseling, the credit counseling companies get payments for reducing the interest rates, repayment terms and repayment amount. Credit card companies can give incentives to credit counseling firms for not 'doing their best'. Read more from: http://www.credit-card-gallery.com/article/366,Credit_counseling_agencies_5_big_reasons_to_avoid_them

Answer 3

I have been to "many" different credit repair sites on the web. Some were pretty good and some were pretty bad. I refuse to use a websitemy rights and using them.Don't pay for information that you can find for free.

Answer 4

Credit repair is a complete rip off. Credit counseling is onlyh part rip off. They both charge you fees to do what you can do yourself.

Are the bad debts on your credit report your debts? If no, you dispute the entries with the credit bureau. If they are yours, contact the creditor and negotiate a settlement. Work on one at a time till you get them all paid off.

Answer 5

credit counseling is the professional term for credit repair or debt consolidators.
if you need help i would suggest you steer clear of these ppl.
YOU CAN DO IT FOR FREE. and it's not hard!
might as well keep the extra bucks. most of these counselors dont know DIDDLY.
check out my profile to see my FREE CREDIT REPAIR link ....all the info is free.

Answer 6

credit repair means setting right the defects or bad credits in your account.counseling is advice how to improve your credit