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pmill
Guest

Subject: credit repair companies?

Sat Aug 11, 2007 12:32 am

Has anyone heard anything about credit repair companies? R they effective? I see a bunch online. How will I know which to use?

Morningstar

Joined: 17 Apr 2007
Morningstar's page
Posts: 582

11 Magic Points

Sat Aug 11, 2007 10:42 pm

There is pretty much nothing they can do for you, that you cannot do for yourself.
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I don't dream since I quit sleeping

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1334

35466 Magic Points

Mon Aug 13, 2007 5:33 am

Hi,

What they do for you for $2000 can be done by you yourself without wasting that money.
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Regards,
Laura.

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Mon Aug 13, 2007 8:57 am

HI,

If you need to repair credit do it yourself.
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Keep in touch
Carol

Guest

Fri Aug 17, 2007 12:16 am

I called one just the other day, and they told me that they can run a report that shows more detail than the equifax 3 in 1 report shows.

This doesn't seem right to me, can someone clarify which is true, that the equifax report is complete, or that the repair person can get more info?

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1334

35466 Magic Points

Fri Aug 17, 2007 5:34 am

Plain and simple the repair companies try to bundle and you fall prey to it. Well frankly speaking there is no other proper report that can be given to you but by Experian. They are the agencies who keep your track record and thus will always have the up to date report. You are also getting the free offers right?

Apart from that you do get one free credit report every year from the credit bureaus. So why spend money on empty promises?
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Regards,
Laura.

Nick

Joined: 17 Aug 2007
Nick's page
Posts: 5

330 Magic Points

Fri Aug 17, 2007 6:04 am

Free offers? For credit repair? Nope Haven't gotten any of them yet.
And thanks for the reply, I didn't think they could get any more detailed reports than I could.

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1334

35466 Magic Points

Fri Aug 17, 2007 11:09 am

No I meant free credit reports not offers from them. Smile

Smile

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Regards,
Laura.

Nick

Joined: 17 Aug 2007
Nick's page
Posts: 5

330 Magic Points

Fri Aug 17, 2007 4:19 pm

Yeah I have been getting them and using them. Thanks

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: credit repair

Sat Aug 18, 2007 4:52 pm

This is how I am trying to deal with repairing MY credit. Of course, you have to obtain your Credit Reports. Look to see which ones are deliquent and 'out of date'. 'Out of date' ..I mean which ones are pretty old ones. THOSE ones you should 'dispute' ( to get them taken off). The' older' the deliquent account, the higher chance you can gt them to get taken off. I did that, and a few ( negative ) accounts were taken off. Also..you have some ( negative ones ) that will 'drop off' by a cretain date. That will raise your score, a bit, too. My point is.............instead of paying a Credit Repair Company ( that " promises you the moon" and asks for "payments" you don't have anyway), you can use that money to payoff different things. If you 'do-it-yourself', you can repair your credit at YOUR 'pace', NOT the "credit Repair Company. Hope this helps.

Guest

Sat Aug 18, 2007 4:53 pm

Yeah actually it does, thanks Smile

Smile

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: credit repair

Sat Aug 18, 2007 4:59 pm

Just want to add ( and I add stuff all the time..LOL ) I just read a few 'Credit Repair Comapny' ads. It says, " you can raise your score by 200 points, within 30 days". As I was reading the ad, it says you can buy an " amazing book that shows you how to do this"...this 'amazing book' was a 'measly' $90.00!! Instead of buying this book, you can pay some debt with it!! "Rome wasn't built in a day"...start small with paying off debt.

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1334

35466 Magic Points

Mon Aug 20, 2007 6:26 am

Seriously Wendy, I feel gladdened to see your effort to solve problems.

Quote:

As I was reading the ad, it says you can buy an " amazing book that shows you how to do this"...this 'amazing book' was a 'measly' $90.00!! Instead of buying this book, you can pay some debt with it!! "Rome wasn't built in a day"...start small with paying off debt.

Great suggestion.
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Regards,
Laura.

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1334

35466 Magic Points

Mon Aug 20, 2007 6:27 am

Even let me add something here Smile

Smile

How can someone promise of increasing the score by 200? Do they know how the bureaus work and calculate? I doubt these false ads.
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Regards,
Laura.

OVGuillermo
Guest

Subject: Thank You for site

Sun Aug 26, 2007 4:59 pm

Thank you for your site. I have found here much useful information.
Good site ! Wink

Wink

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* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.

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