Credit Repair - Credit repair?

Credit repair?

i have bad credit and i really want to improve my score so i can buy a house soon. i see all these advertisements on tv but then you hear about getting scammed, paying money and nothing happens. has anyone ever used any credit repair or counciling and it has actually worked??? if so what was the name

Public Comments

(forget projectpayday - tried it - costs money - a lot of time - not worth it - besides that does not answer the question.) I would check out any of those companies with the BBB. Non-profit organizations are usually the legitimate ones that actually help you. Try the CCCS.
I have worked with two different credit repair companies. First with Lexington Law, and let me tell you, they were terrible. They charge you a monthly fee, so they take their sweet time. I finally got fed up and canceled. A friend referred me to another company, Unified Credit Services - http://www.unifiedcreditservices.com - and they were great. Their work is legit and they get it done quickly. I wouldn't recommend any other company, as you are right, there are a lot of scams out there.
Here's the deal. Theirs absolutley nothing that these companies can do that you can't do yourself. And it's not hard, you just need to know what you are doing. I had a 480 score about a year ago and now it's 655, not perfect, but much better in a short time. The best thing to do is join a credit monitoring service, i joined the one sold by equifax. It's about $10/mo and lets you get free copies of your credit report any time. But once you order a triple report that includes all three bureaus it gives you instructions and links to dispute information. Just go in and dispute EVERYTHING that is negitive, even if you know it's not. The majority of older(over 2 years) will be deleted b/c most companies don't keep updated files. So that helps that part of your score. Then you'll need to start good credit over, even if it's just a small $300 credit card. Any current credit that is in good standings will help your score, possibly a lot! The more new, good credit you have, the less your old bad credit will hurt you. Lenders are interested in your finacial situation now, not neccesarily years ago. good luck
It didn't work for me. I got frustrated with all the money it was going to cost me and did it myself. You can negotiate a monthly payment plan with creditors yourself. Once you set up a monthly payment plan it is actually better to pay the full amount owed, than to settle and pay say 60%. It will be noted on your account whether you paid less than the actual debt. The effect it has on your credit is slight if you elect to settle. I would only settle large amounts and pay in full smaller debts. I settled on some and paid in full others. Mortgage lenders want to see about five active trade accounts on a person's credit history. If you from this point forward pay on time your score will slowly increase. I still have negative history, but I still was able to get a house. I did, however have to pay off all my collection accounts. One good tip to help raise your score and is very important when a lender looks at your credit report. Don't use more than forty percent of your credit line for any credit card you carry. If you reach the limits on your credit account it sends a bad impression to a lender. It also keeps your credit score from increasing or slows the rate, even if you pay on time.
Bradley Ross Law Firm, there is a monthly fee, but what you have to understand it will take time to repair your credit, it won't be fast.
Any company that you pay to "repair" your credit is by default ripping you off. You can do the work yourself and save yourself a boat load of money. First, get a copy of your credit report from each of the 3 credit agencies (TransUnion, Equifax and Experian) which you can get free from the FTC's website http://www.annualcreditreport.com Then, note any inaccuracies on each credit report. Write a letter to each credit bureau listing any incorrect information. Make sure to send the letter via certified mail, return receipt requested and via regular mail. You should hear back within 30 days. The Fair Credit Reporting Act governs consumer credit reports: http://www.ftc.gov/os/statutes/031224fcra.pdf
Yes, my sister works for consumer credit counseling services, I finally asked for help and she got most bad things off my credit report allowing me to get offers on credit cards to rebuild my credt. I went from having an embarassing low credit score to "fair credit" and hope to get to "good" soon!!!
Yes....i had used it few years back and it helped me a lot. The company named http://ezconsolidation.com They are reliable as they are registered with BBB.
do this first then see counciling Your credit score is based mostly on: 1. Length of credit history 2. Payment history. 3. Ratio of credit used to available credit. 4. Number of credit inquiries you authorized. If you cancel your card, you'll be hurting your credit ratio. (#3). You want to deliberately keep your oldest credit card open, even if you never use it. You want to always pay the minimums of each loan on time every month. You want to keep your available credit high, but actually only have balances equalinig 25% or less. You want to keep your credit inquiries to a minimum. Try for no more than 3 or 4 per year for any type of loans. You do these things and your credit score will quickly soar into the 700s. ------------------------------------------------- http://www.loansandinsurances.com/
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