Question : what can a credit repair service do that i cant do myself?
What is it that credit repair agecies do to get things removed that i cant do myself. I have appt. with a repair agent but am on the ropes on wether i want to use the service or not. I mean he says it will take 45days to get things removed which sounds like he is just writing dispute letters.
- asked by Im listening
All Answers:
Answer #1
Nothing. There is no special form letter orsecret way to get legit items removed from yourcredit report. Basically, they will use the old"dispute everything and hope the creditor doesn'tverify to the credit bureau". Sometimes thisworks but legitimate items may just return laterwhen the creditor updates.Use the money to pay offyour debts instead. Get a copy of your creditreport and start with the newest derogatory itemand work back to the oldest. The older the item,the less impact on your score. If the debt isover 3 years old, offer 25%; 2 or 3 years old,offer 50%; less than 2 years old, offer 75%. Lumpsum gets the best deals.If you have single entryitems like cell phone, utility, or medical bills,try to get delete for pay agreements. This willhelp your score. Regularly reported items likecredit cards, delete for pay will only get thecollection agency item removed. The originalcreditor's charge off will remain.Get anysettlement agreement in writing and keep it, alongwith your proof of payment, forever. Do not givethem direct access to your bank account.Paying offold debt won't increase your score (unless you getthe item deleted). The damage is already done. However, creditors look at your whole report, notjust the score. Paid old debt looks much betterthan unpaid.
- answered by bdancer222
Answer #2
Credit repair companies make promises that theycan remove items from credit reports once they arepaid. But this is not possible. Even IF it was,credit repair cos. have no guarantee that it canhappen. But it actually can't because of the FairCredit Reporting Act. So-called credit repaircos. are a waste of money.If you can't pay yourbills with how they are right now, you shouldcontact consumer credit counseling, debtconsolidation, or debt management. Each of thoseare different from each other and different fromcredit repair. A reputable company will tell youthat all they can do is help you pay off the debt,and with that, your credit will improve over time.
- answered by tudorjason (matt)
Answer #3
Charge you!
- answered by Lys C
Answer #4
Hello there!I must say that Credit repair issuccessful, sometimes it is not -there are neverany guarantees. As far as charge offs, judgments,and other negative accounts they can be removedfrom your credit report in many cases. Judgmentsare more difficult, but not impossible. In manycases it's possible to substantially improve yourcredit score within about 4 - 6 months. Othertimes, you may see major improvement in just overa month, but sometimes it can take a year orlonger. You may visit this site
http://www.creditrepairbiz.com/ . for you todecide on what to take..I hope it help yah!GoodLuck!
- answered by haidee
Answer #5
There are lots of fraudulent credit repair / debtconsolidation companies in the world, be aware ofthose scams. If you can improve your credit byyourself, why spend money to take risk? I find agood website for you
- answered by Ray L
Answer #6
Credit repair worked fine for me. I used this one-
http://creditreport.fateback.comThey disputedand cleaned off lots of bad items from my creditreport.
- answered by Brad B
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