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HomeCredit ForumCredit repair

Is credit repair always a scam

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asked: Do you think credit repair companies are always a scam?
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Yes
15% 15% 
 2 
No
15% 15% 
 2 
Somewhat
69% 69% 
 9 
Total Votes 13
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anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 381



9628 Magic Points
 
 Posted on Tue Apr 08, 2008 6:02 am  
From what I read from the previous posts, many people are actually going for repair companies which provide settlement or consolidation options. It is information that credit repair, debt settlement, debt consolidation are different things. You should first make your ideas clear to do a good research on scams. Any questions for clarification will be welcome to who knows better about the subject.
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Anthony..

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
 
creditman



Joined: 17 Apr 2008
creditman's page
Posts: 1



45 Magic Points
Subject: Company I use for credit repair
 
 Posted on Thu Apr 17, 2008 3:01 am  
I've been using mycmone.com for awhile and have had no problems with them and there fee is a flat $9.95 per month for both of their programs. They've paid my creditors no problems and I can still use my credit cards. Its not a traditional credit repair company since they don't do settlements but they are pretty quick to respond to my emails and are very friendly.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2633



5018 Magic Points
 
 Posted on Sun Apr 20, 2008 12:01 am  
Has your score raised at all, I am curious what all they are doing for you for such a low price, please share with us. It may be something that others want to use.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2030



10771 Magic Points
 
 Posted on Mon Apr 21, 2008 1:10 am  
That is very true. Any advise will be helpful.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 2633



5018 Magic Points
 
 Posted on Tue Apr 22, 2008 1:11 am  
I just have never heard of a company that would do such a great deed for such a little price. I would be very interested in knowing more.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2030



10771 Magic Points
 
 Posted on Wed Apr 23, 2008 8:48 pm  
You ever hear those commercials on the radio that insist that most credit repair companies actually work for the creditor themselves. I heard that the other day and thought what bologna. How much do they pay them to sucker us in. An honest person trying to get some help and relief from annoying calls and late bills and they do this.
 
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 232



6571 Magic Points
 
 Posted on Thu Apr 24, 2008 6:28 am  
Thats bad news but thats cent percent true. That is why we people keep shouting repair your own credit. i am sure I am not working for a scam credit repair company.
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Best Wishes
Justin
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2030



10771 Magic Points
 
 Posted on Sun Apr 27, 2008 12:54 am  
I believe a person is much better repairing their own credit. I mean at least you know you can trust yourself. There are soo many fraudulent companies out there now that debt has become such a massive problem. The strong feeding off the weaker people. There is so much good info available to anyine who wants to repair their own credit. A stop here at this website is a good start and I am sure with the internet being such an expansive place there are other avenues one could try also.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2633



5018 Magic Points
 
 Posted on Sun Apr 27, 2008 12:10 pm  
knowledge is the best defense, the more you know about the more you can do on your own.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
Amy C.
Guest
Subject: Credit Repair
 
 Posted on Wed Apr 30, 2008 1:18 am  
Actually, I used a credit repair agency by the name of Scorite and they were able to get some things removed and helped me to raise my median score by 56 points! I definetely don't think all credit repair is a scam....
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2633



5018 Magic Points
 
 Posted on Mon May 05, 2008 12:48 pm  
Was there a cost to the service Amy, if so how much please. What types of things did they have removed from your report? I have been looking at a few but don't have a whole lot of trust with all the scams out there it is so hard to figure out who is legit and who isn't. Any information that you have as a personal user for this service.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2030



10771 Magic Points
 
 Posted on Mon May 05, 2008 10:16 pm  
Hope you get some answers here good natured. I know how hard it is these days to trust any of these companies. I know they are not all fraud companies. I just feel people need to be careful when making a choice.
 
CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 380



4037 Magic Points
Subject: Do you think credit repair companies are always a scam?
 
 Posted on Thu May 08, 2008 9:15 am  
The way I see it these companies have to pay their bills and their staff somehow. This means that they are getting money from ppl like you and me to pay YOUR bills and THEIR bills. So, I see it like this: It will sure be easier if you go to the full service pump but, You will sure pay for it in the end. Your better off getting off your rump and doing it yourself.
 
Richard
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Richard

Joined: 27 Jun 2006
Richard's page
Posts: 108



4547 Magic Points
 
 Posted on Fri May 09, 2008 5:34 am  
I think one should have a complete knowledge of the credit repair company first and then go for it. I think we can always share our experiences with credit repair companies in this forum so that people here will come to know who is doing frauds and who all are genuine.
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The more you learn the more you earn. Join our community and enhance your knowledge.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2633



5018 Magic Points
 
 Posted on Thu May 15, 2008 12:45 am  
There are sure enough frauds out there, where there is a way to scam, there are people out there that will do it. People get desperate and look for a way out and unfortunately find themselves dealing with people that don't have their best intrest in mind.

You should always fully investigate the company before handing over your hard earned cashed to them. coming here is a good way to find out what is really going on with a company. This is a good place to be.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
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