Credit repair

Is credit repair always a scam

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asked: Do you think credit repair companies are always a scam?

Yes

14%

19%

Somewhat

66%

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Credit Solution

Joined: 15 Oct 2008
CreditSolution's page
Posts: 16

323 Magic Points

Subject: respond to luis rodriguez

Thu Oct 16, 2008 12:05 am

Hola luis yo te puedo ayudar..... si tener que pagar cientos de dolares no contrates Compania que diceen que te van a repair el credito es mentira solo quieren tu dinero. Si deveras quieres ayuda envia un email a jrodzcred@aol.com

AMG Consulting Group Inc.

Joined: 19 Oct 2008
AMGConsultingGroupInc's page
Posts: 13
Location: Los Angeles. CA

623 Magic Points

Sun Oct 19, 2008 6:44 am

When you want to get help you need to do research and see what the company will provide to you. Most companies that offer credit repair just send out dispute letters. Consolidation doesn't repair your credit. It pushes all your debt into one account and leaves all the other negative accounts or soon to be neg accounts at a $0 balance with transfer and a low history on it. It doesn't look good.

Anyways,

Pretty much.. you pay what you get in a sense too. If you want to really get your life on track, then I would look for a company that not only tries to "repair" your credit, but also helps u manage your debt and get that paid off as well.

www.amgconsultinggroup.com

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 915

2963 Magic Points

Subject: debt

Wed Oct 22, 2008 5:30 pm

Maybe they are NOT all scams. Maybe I just haven't found the right ones yet.......ones that I'm not paying a fortune for their fees and that I know my OC are getting paid.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 2967

4129 Magic Points

Wed Oct 22, 2008 5:57 pm

I agree with you SD. Most of us can repair our own credit anyways. It is a pretty simple thing to do if we just take the time to learn and really want to do it. Why even bither sorting through a ll those phony credit repair companies and taking the risk of getting hooked up with one of the many who just want to take your hard earned money and put it in their paocket.

AMG Consulting Group Inc.

Joined: 19 Oct 2008
AMGConsultingGroupInc's page
Posts: 13
Location: Los Angeles. CA

623 Magic Points

Wed Oct 22, 2008 6:43 pm

I always inform my clients that they can do everything we do themselves.
If you can afford the time and expense it takes to workout agreements with the negative accounts you have, then by all means... go for it!

Like I mentioned before. You can wash your own car; you can change your own oil. You can even repair your own engine.

Do you have the time and patience to do it though?

www.amgconsultinggroup.com

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 440

11395 Magic Points

Thu Oct 23, 2008 12:46 pm

Most of the credit repair agencies are scams. They take hundreds of dollars as consultation fees and vanish without repairing your credit. Most of the repair agencies I have come across only try and remove some hard inquiry from your credit report, but there are a very small number of agencies who try to negotiate with your creditor and make arrangements between you and your creditor to repay your debt and arranges for pay for deletion agreement so that as soon as you pay back the debt in full, the negative listing comes out of your credit report and your credit score improves.
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Best Wishes
Justin

sdchargers_63

Joined: 13 Aug 2007
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Posts: 915

2963 Magic Points

Subject: debt

Thu Oct 23, 2008 5:10 pm

I agree, JUSTIN. It may be overwhelming to have patient to repair our credit ourselves. However......it would be good for us in the long run. I received ALOT of information, on this forum, to repair my credit. ALL of that information can be overwhelming ( in a good way..) just the same.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 2967

4129 Magic Points

Sun Oct 26, 2008 11:58 pm

That is the spirit SD! Somewhere along the line all of us in one way or the other will have a problem with our credit report..whether it is of our own doing or a mistake. Who wants to pay the costly fee of hiring a repair service to do what we can do ourselves? Getting familiar with all the parts of credit repair will take some doing but it really is worth it in the end. A little self protection.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 915

2963 Magic Points

Subject: debt

Mon Oct 27, 2008 1:09 am

If I already know how to do something, why would I 'hire' a 'Credit repair Co.' do it for me? I DO agree we need to find out different information for ourselves. Too many people just 'hire' companies and say, "here..fix it."...not knowing how this 'companies' go about things. We 'made the mess' we need to 'clean it up.' I'm not putting down anyone who decides to hire a company, however. These are just 'persoanl 'choices we have made.

creditpro

Joined: 16 Oct 2008
creditpro's page
Posts: 23
Location: San Diego, CA

1157 Magic Points

Wed Oct 29, 2008 7:00 am

There is good apples and bad apples in any industry. I think you should try to repair your own credit at first and see what results you get. If you need guidance with self help credit repair I recommend www.AttractiveCreditSecrets.com

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 2967

4129 Magic Points

Wed Nov 05, 2008 5:55 pm

Your are very correct here Credit. there are definatley good and bad apples. It is the badd apples that spoil the good ones. I have heard of a few that actually work with the debtor. One is Heritage. Another poster really got help from them and they worked with her well. I think alot of these places would see a better turn out if they would just remember the debtor is human and wouldn't be in the mess theywere if they had lots of money laying aroung. Some of these places want hundreds of dollars a month for a few months. I don't know alot of people these days that can swing something like that. It would be better for them to except less over a longer period and then they would ahve a better chance at getting paid back.

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3172

1091 Magic Points

Sat Nov 08, 2008 2:52 pm

I have seen both good and bad, unfortunately it is the bad ones that stick out in my mind, lol.

I am currently working with a good one, heritage, they seem to be descent and treat me like a person not a criminal.
_________________
Goodnatured,

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

Jansinnet

Joined: 11 Nov 2008
Jansinnet's page
Posts: 2
Location: Savannah, Ga

31 Magic Points

Fri Nov 14, 2008 5:09 pm

No not all credit repair business's are scams. Many offer very good info , just don't pay much. Most information you can get on your own & credit repair business's can speed the process. So as always check around , & forums are a great way to learn.
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http://www.bigappleoutlet.com/

LearningFast

Joined: 22 Aug 2008
LearningFast's page
Posts: 9

185 Magic Points

Subject: Do you think credit repair companies are always a scam?

Mon Nov 24, 2008 10:08 pm

somewhat

Doc

Joined: 02 Dec 2008
Doc's page
Posts: 16
Location: McKinney, TX

783 Magic Points

Subject: Credit repair....

Tue Dec 02, 2008 11:46 am

There are good doctors - and bad.
There are good accountants - and bad.
There are good lawyers - and bad.

So long as you do your research and not dive wildly/blindly in, you'll be fine.

I also point to the fact that pretty much anyone CAN mow their own yard. But how many people pay someone else to do so..? Why..? Perhaps it's quicker, easier, more effective..?

Why doesn't everyone just represent themselves in court..? Because lawyers are experts!

How about giving yourself stitches..? Or do you leave that to the doctors..?

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