Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Call (Toll Free)
(800)-601-1579
Community Area
Get FREE Counseling




*


Helpful Resources
Community
Popular Discussions
Creditmagic Twitter
Credit on Facebook
HomeCredit ForumCredit repair

Is credit repair always a scam

 Post reply  Start a topic
asked: Do you think credit repair companies are always a scam?
Options Results Votes
Yes
15% 15% 
 6 
No
40% 40% 
 16 
Somewhat
45% 45% 
 18 
Total Votes 40
Please login to cast your vote.
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
Laura

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1327



36528 Magic Points
Subject: Is credit repair always a scam
 
 Posted on Sat Mar 29, 2008 7:08 am  
Please put your valuable vote in here.
_________________
Regards,
Laura.
Morningstar

Morningstar

Joined: 17 Apr 2007
Morningstar's page
Posts: 576



11 Magic Points
 
 Posted on Sat Mar 29, 2008 9:18 am  
No, not every credit repair company is going to be a scam, but when a company/salesperson claims that accurate information will be removed, it is time to be very leery of the company.
_________________
I don't dream since I quit sleeping
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



541 Magic Points
 
 Posted on Sat Mar 29, 2008 11:22 am  
I think that you have to be really careful, just like anything else you must do the research and make sure that the company is valid and that they are not scamming people out of money and not doing what they are supposed to do. There are many resources that a consumer can use to investigate. So before you invest your money, invest your time and see what the company is all about.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



132 Magic Points
 
 Posted on Sat Mar 29, 2008 1:04 pm  
Good post goodnatured. I agree with you. I think people should think of shopping for a repair comapany as they would a bank or car loan. There are alot of good and bad ones to sort through. With the internet being a great tool to aid in their search. Sometimes by just ggogling a company name you can get some low downs on the positives and negatives of a company. Lots of people get so stressed when in financial turmoil that they just reach out and grab the first hand offering to help them out. It isn't always the best. A little time in research can save a lot of aggravation.
cbass1017



Joined: 01 Feb 2008
cbass1017's page
Posts: 143
Location: PA


1556 Magic Points
 
 Posted on Sat Mar 29, 2008 9:09 pm  
A good place to begin your investigation of a company is the BBB. There you can see how many people have filed compaints against them and if those compaints were resolved or not. I guess if you really just don't have the time to do it yourself you could look for help from these kind of companies but to me, its kind of like paying someone to go fill up your gas tank. Why pay someone else to do what you can do yourself for free?
_________________
Scott McKay
FreeOnlineCreditGuide.com
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



541 Magic Points
 
 Posted on Sun Mar 30, 2008 9:52 am  
great point cbass1017,

Some folks really get intimidated by collectors, I mean sometimes collectors can be down right ruthless in their attempts to get a buck from the consumer.

Educating yourself on the laws of fair debt collection and knowing your rights is the first step. Making a stand and dealing with a ruthless collector is another. It is good to have forums like these to come too and get advice. In the meantime, don't answer the phone and send out those cease and desist when appropriate to keep the wolves at bay until you get the information that you need.

excellent resources on the debt forum in their do it yourself section. Smile Smile Smile
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



132 Magic Points
 
 Posted on Sun Mar 30, 2008 10:48 pm  
It is no wonder people get intimidated by CA's.. They are always doing things like going into peoples accounts..senting false summons and a million other things I have read on this site. The worst is calling family or the persons work . I hope someday they pass a law on that. Either way the best way to start is here getting educated.
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



541 Magic Points
 
 Posted on Sun Mar 30, 2008 11:24 pm  
You got that right fireyone, knowledge is power, educate yourself so that no one can take advantage of you.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1883



1916 Magic Points
Subject: Do you think credit repair companies are always a scam?
 
 Posted on Mon Mar 31, 2008 10:13 pm  
Well......I've looked at alot of credit repair companies. They want such a HIGH 'fee' for "helping you out." i tried to go through one, not too long ago. I lost about $600.00 and found out my creditors weren't even getting paid.
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



541 Magic Points
 
 Posted on Tue Apr 01, 2008 5:36 pm  
If you are going to use these companies, you really need to do your homework first, you can search the bbb and other internet resources to find out what the companies reputation before you put your hard earned in someone else's pocket. You can always do it yourself with a little time invested in educating yourself and standing up to the creditors you can handle debt management on your own.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



132 Magic Points
 
 Posted on Tue Apr 01, 2008 10:43 pm  
I still think self help is the best. Reread some of the post or google credit repair companies. I gaurentee tou will find more horror stories than success stories. It really isn't that hard to do by yourself if your dedicated and who has money to lose by taking chances. I know I sure don't.
scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 446



10890 Magic Points
 
 Posted on Thu Apr 03, 2008 7:10 am  
Definitely not. I am not taking chances with my money. It is better if I have to face tough challenges by doing it myself but NO i wont give it to someone who will waste it and leave me in a deeper mess.
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



541 Magic Points
 
 Posted on Sun Apr 06, 2008 11:10 pm  
I think if you educate yourself that you can do it yourself and save alot of money. and you know what is going on through out the whole process.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
Morningstar

Morningstar

Joined: 17 Apr 2007
Morningstar's page
Posts: 576



11 Magic Points
 
 Posted on Mon Apr 07, 2008 4:08 am  
Code:
They are always doing things like going into peoples accounts..senting false summons and a million other things I have read on this site. The worst is calling family or the persons work . I hope someday they pass a law on that.


It's called the FDCPA, and it applies to 3rd parties (friends, family, etc...) and places of employment, and it bans the disclosure of collection account information (3rd parties, not spouses). If you are hoping to explicitly ban all calls to anyone except the debtor, that will never happen.

Code:
Well......I've looked at alot of credit repair companies. They want such a HIGH 'fee' for "helping you out." i tried to go through one, not too long ago. I lost about $600.00 and found out my creditors weren't even getting paid.


That's consolidation or settlement, not credit repair.
_________________
I don't dream since I quit sleeping
cbass1017



Joined: 01 Feb 2008
cbass1017's page
Posts: 143
Location: PA


1556 Magic Points
 
 Posted on Tue Apr 08, 2008 2:36 am  
But boy does it ever sound like most of the credit repair companies I've heard of. High fees, not getting exactly what you paid for, you name it. I think the point to make here is that whether its consolidation, settlement, or repair, its something anyone can learn how to do on their own if they are willing to take the time to educate themselves about it.
_________________
Scott McKay
FreeOnlineCreditGuide.com

Quick Reply
Your Name
Subject
Message body
1, 2, 3, ... 35, 36, 37  Next  
Page 1 of 37

 
Delete this topic Move this topic Lock this topic Split this topic 






Home|About Us| Contact Us |Terms of Services|Privacy Policy|RSS
* 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.
Page loaded in 0.083 seconds.