Has anyone used a credit repair company?
I want to buy a house and my credit is horrible. I know I can fix my credit myself, but I am so frustrated and drained from trying. I am thinking about hiring a credit repair company to help me, but when I look for reviews they are all linked to the companys actual website and I want honest user reviews instead of company propoganda. Has anyone used a credit repair service and how did it work for you? Did it raise your credit score enough to justify the fees they charge?
February 2nd, 2010 at 10:45 am
no, they take the money and do nothing.
February 2nd, 2010 at 10:50 am
I used one before. They did nothing for me!! They ownly claim to improve your score and not actually get you cedit. What they do is write to the credit ref agencies and ask them to put an ammendment on anything negative. It normally says something like "i ws under immense pressure blah blah, please do not hold this against me when making a decision". However, you'll find that banks and finance houses will just run your details through a system and will come back 'computer says no"!! there is no-one qactually there to read your comments, just a system scanning to see if you meet creditors conditions for credit.
BTW you can do all this yoursef without paying someone else to do this… there is nothing anyone can do to repair your credit score to obtain you credit. I had to sit it out and wait 6 years!!!!
February 2nd, 2010 at 11:01 am
I would definitely recommend Credit Solutions - i have contact them last year and asked many question regard credit repair they reply my question and help me to raise my credit score
February 2nd, 2010 at 11:34 am
From what i've heard they are all scams. Start by looking at your credit report at annualcreditreport.com this is the only website where you truly get a free report from each company once a year. Look for anything this is false on your credit report and dispute it if it is not true. If you have some negative items like say if you bounced a check and it is showing your report, pay it off right away if you have not yet, if you have, call the company that is showing on your report, and ask them to remove it. I had a similar problem and I called them 12 different times, once a week and the finally took it off. Try getting a secured credit card through a bank, just to build some credit. Also do not apply for credit too much because it reflects negatively. The frustrating thing is though that it just takes time to build or fix your credit. Good luck!!
February 2nd, 2010 at 1:13 pm
The overwhelming majority of credit repair companies are legitimate. Statements to the contrary are completely false and originate from highly financed public relations campaigns spewed by the three major credit reporting agencies, Experian, Equifax, Trans Union and their confederates which include the Better Business Bureau ( read http://www.betterethicsbureau.org/ and http://www.debtorboards.com/index.php/topic,7986.0.html if you think the BBB is honest, fair and not itself a scam on a colossal scale) and the FTC ( read award winning best seller "Zero Day Threat" by Byron Achido and Jon Swartz to discover how the FTC turns a blind eye to credit bureau complaints and misdeeds, http://zerodaythreat.com/ )
That said, it is true that practically all credit repair review sites are just shills for the credit repair company that put the review site up in the first place. Lexington Law is the most egregious example of this type of marketing. Stay away from review site credit repair services like Lexington Law because these outfits are just dispute mills that offer little, if any, effective credit repair.
Choose a credit repair company that has your best interests in mind. Select one that has a proven success record; one that stays abreast of all the latest credit repair techniques. One such company is http://www.NationalCreditGuidance.com. They only take a limited number of new clients each week and they do not charge any advance fees. They don't even ask for your bank account or credit card information like so many others request in order to draft payments from your account. NCG trusts you to pay their low fees only after the work is completed. They've been doing credit repair for over 23 years.
The argument that a credit repair company just does that which you can do yourself has always struck me as ridiculous. It's the same as arguing one should never eat in a restaurant, hire someone to paint your house, use Jiffy Lube, use a shoe shine stand, a nail salon, a barber, H and R Block, a lawyer to defend you in court, or hire the kid down the block to shovel your walk.
Furthermore credit reporting agencies and creditors have gamed the system to delay and frustrate consumers who try to repair their own credit reports. The deck is completely staked against them. An experienced credit repair expert knows all these delaying tactics and what to do to overcome them so that his client can have a credit report that accurately reflects his true credit history.
February 2nd, 2010 at 2:13 pm
I've heard horror stories about credit repair companies, so when I had to turn to one after college I was honestly so doubtful and distrusting that I thought I would never find a good one. Luckily, a friend of mine suggested http://www.gkicredit.com and the service, respect, and trust I got from them made me rethink all my previous misconceptions. They took care of everything for me, which is a pretty big deal considering I don't understand a ton about credit. They also didn't just screw me over, they fixed my credit and expunged all negative marks and when one came back a few months later they immediately went back and got it removed again (its their guarantee!). So from my personal experience, they're not all scams, I trust GKI Credit and recommend it highly