Credit repair service?

[robert]

Anyone used a credit repair company?
Credenology was recommended to me but I'm skeptical on what these companies can do Vs what they charge.
I'm making some adjustments on my own but I was told Credit Bureaus and lenders need 3-6 months for credit to restore.
TIA

[Rick Modena]

From what I learned a few years back, they really don't do anything you can't do yourself and they charge you a fee. Most of these places are scams and I would really be skeptical of giving ANY of these companies my SS# or large amounts of money.

[VaderTT]

Yup, nothing you can't do yourself by reading online.

[black2002ls]

PM sent

[robert]

From what I learned a few years back, they really don't do anything you can't do yourself and they charge you a fee. Most of these places are scams and I would really be skeptical of giving ANY of these companies my SS# or large amounts of money.

What I thought, Thanks
Oh BTW tires still running on wife's stang !! Thanks again for them..

Yup, nothing you can't do yourself by reading online.

Yeah guess i needed some re-affirmation from what I read to, Thanks

PM sent

Thanks!! Replied..

[stangin4lyfe]

If you take the time to read this info and follow through, these links should really help you out of your situation(even a few templates as well)...

http://www.consumer.ftc.gov/articles/0058-credit-repair-how-help-yourself

http://www.creditinfocenter.com/rebuild/debt_validation.shtml

http://aaacreditguide.net/credit-repair-letters/pay-for-delete-letters/

http://www.creditinfocenter.com/forms/

[Lason]

http://creditboards.com/forums/

Do it yourself. You'll learn quite a bit and it can be fun and rewarding seeing just a few letters make changes in your credit scores.

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[Chili]

Just to parrot what has been said.. You can do the same stuff they can, on your own. It's a racket and some of those places charge insane amounts for their "service". I actually almost started my own business doing this a little over 10 years ago.. I helped a couple friends and a family member but felt too guilty taking money for it.

[GeorgeG.]

We're actually using someone right now to clean ours up. Both of our scores have jumped quite a bit as a result of it.

For the most part, yes, you can do it yourself but you're limited to writing letters and hoping the creditor can no longer prove the debt is yours. However, this lady we're using now, IIRC, has worked for one of the bureau's or worked directly with them...either way, she knows how to get valid reports removed. I had a few things removed that were valid, the creditor was able to prove it was valid and a few months later it was removed anyway. I don't know how she did it but I was watching the changes as they happened by signing up at freescore.com... from what I could tell, monthly payment statuses were removed first so it showed as no history but still showed the creditor. Then a few months later the creditors were deleted. I want to say her fee was $900 and she'll work on it for a year.

Creditboards is a great resource....I just found that it takes a lot of time to really get a grasp of the whole credit game and then more time to stay on top of trying to clean it up.

[LANTIRN]

Have you tried just paying cash?

[Big A]

Have you tried just paying cash?

Apparently not paying at all is his M.O., thus the credit problems.

[robert]

Have you tried just paying cash?

Yes I do

Apparently not paying at all is his M.O., thus the credit problems.

Perception is not Always reality

[slow99]

Live like no one else, so that you can live like no one else.

[Hmbre97]

Have you tried just paying cash?

That actually fucks up your credit score.

I watched my parents always struggle with credit card debt so decided to not go down that road. We carry one card with a $1k limit for emergencies. Keeping a zero balance along with only having $1k of available credit hurts my credit score. I recently opened a Lowes card a few months ago when they were having an 18 month no interest promo and charged a tile install on it for the sole purpose of trying to boost my credit score. Pretty fucking stupid that I have to do that IMO.

[Lason]

For the most part, yes, you can do it yourself but you're limited to.....

I promise you, you can write every person and bureau that the person you hired can. You can invoke every legal act that she can forcing the other person to do their job and you can threaten/file legal action if they refuse. There is not a single thing that person can do that you cant.

Now if you want to say that you don't have the time to mess with it or care to learn, then you have a more solid excuse. It's a bit of studying but like I said, it can be fun and rewarding.


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