asked: Do you think credit repair companies are always a scam?
Yes |
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No |
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Somewhat |
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18 |
Total Votes |
40 |
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Laura

Joined: 21 Jun 2007
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Posts: 1327
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Subject: Is credit repair always a scam
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Sat Mar 29, 2008 7:08 am
 
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Please put your valuable vote in here. _________________ Regards,
Laura. |
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Morningstar

Joined: 17 Apr 2007
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Posts: 576
11 Magic Points
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Sat Mar 29, 2008 9:18 am
 
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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 |
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goodnatured

Joined: 03 Nov 2007
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Posts: 3931
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Sat Mar 29, 2008 11:22 am
 
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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 |
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fireyone

Joined: 26 Feb 2008
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Sat Mar 29, 2008 1:04 pm
 
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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. |
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cbass1017

Joined: 01 Feb 2008
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Posts: 143 Location: PA
1556 Magic Points
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Sat Mar 29, 2008 9:09 pm
 
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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 |
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goodnatured

Joined: 03 Nov 2007
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fireyone

Joined: 26 Feb 2008
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Sun Mar 30, 2008 10:48 pm
 
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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. |
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goodnatured

Joined: 03 Nov 2007
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sdchargers_63

Joined: 13 Aug 2007
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1916 Magic Points
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Subject: Do you think credit repair companies are always a scam?
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Mon Mar 31, 2008 10:13 pm
 
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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. |
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goodnatured

Joined: 03 Nov 2007
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Posts: 3931
569 Magic Points
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Tue Apr 01, 2008 5:36 pm
 
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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 |
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fireyone

Joined: 26 Feb 2008
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Tue Apr 01, 2008 10:43 pm
 
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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. |
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scott

Joined: 28 Jun 2006
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Posts: 446
10890 Magic Points
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Thu Apr 03, 2008 7:10 am
 
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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. |
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goodnatured

Joined: 03 Nov 2007
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Morningstar

Joined: 17 Apr 2007
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Mon Apr 07, 2008 4:08 am
 
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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 |
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cbass1017

Joined: 01 Feb 2008
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Posts: 143 Location: PA
1556 Magic Points
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Tue Apr 08, 2008 2:36 am
 
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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 |
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