2007-10-20 16:45:23 · 3 answers · asked by joey777 1 in Business & Finance ➔ Credit
Save your money. You can do it yourself. Get copies of your credit report (AnnualCreditReport.com). Dispute any errors.
Pay off any of your current credit cards. Work on the highest interest rate first, while making minimums on everything else. When the highest interest rate is paid off, go to the next till they are all paid in full.
Likewise, start negotiating settlement of you bad debt one at a time. Start with the newest and work backward to the oldest. The older items have less impact on your credit score.
Depending on how old the bad debt is, you can settle for 50% to 75%. Lump sum gets better deals. Payment plans have to be short term. You can ask that the item be deleted for payment -- some will, some won't. Get any settlement agreement in writing and don't give them access to your bank account.
You could probably clean up your credit in 2 or 3 years if you work at it. If you need help, check out this site: http://www.nfcc.org/ . Consumer Credit Counseling Services (CCCS) offers free counseling services. They can look at all your finances and advise you how to proceed.
2007-10-20 16:55:27 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋
No, there are so many other inexpensive ways to do what they do. www.creditrepair101site.com This site can hook you up with a kit that will allow you to do it all for less than 20 bucks. Dont pay an attorney hundreds of dollars or more. You will get more satisfaction doing it yourself. Good luck.
2007-10-22 03:25:40 · answer #2 · answered by Nicki W 2 · 0⤊ 0⤋
no, I don't, do you? If so, then state your question and you can do it yourself without an attorney.
2007-10-20 17:01:55 · answer #3 · answered by sophieb 7 · 0⤊ 0⤋