2007-10-07 13:03:27 · 3 answers · asked by reginahardwell 1 in Business & Finance ➔ Credit
Credit repair companies are a waste of money. They will take your money wave their magic wand and maybe something will disappear. Unfortunately it tends to come right back.
You can fix your own credit. First pay all your bills on time. Second, pay down your credit cards to less than 30% of the limit -- pay them off in full is even better.
Get a copy of your credit report. If there are any errors, send a dispute to the credit bureau.
If you have legitimate negatives, start negotiating the newest and work back to the oldest. Depending on how old the debt is, you can settle for 75% to 50% of the balance. Lump sum payments get better offers. Payment arrangements have to be over short terms. Get any settlement agreement in writing and don't give them access to you bank account.
After you've cleaned up all the old debt, you score will start to improve. You will need a 2 year history of on time payments to get a decent score.
Remember creditors look at more than just your score. They look at your whole report.
2007-10-07 13:17:09 · answer #1 · answered by bdancer222 7 · 2⤊ 0⤋
Check out the free evaluation form at www.totaldebtsolutionsllc.com They partner with 4 different companies that repair credit. They vary from cost and levels of service so they should be able to pair you up with one that best fits your needs . They helped me a lot; good luck.
2007-10-08 02:47:29 · answer #2 · answered by Nicki W 2 · 0⤊ 0⤋
You and you alone are the only one who can do that. And, the only way to do that is by paying your bills on time.
stop obsessing with your credit score.
2007-10-07 13:15:57 · answer #3 · answered by heybulldog 5 · 1⤊ 0⤋