Online Credit Repair Secrets

Does anyone know of a really good and trust worthy credit repair service?

Public Comments

1. Don't waste your money. For $15 or so, there are excellent books on the subject. Check Amazon or Barns & Noble.
2. I will be honest with you , most of them are SCAMS. If you owe something on your credit report, it will not go a way until you pay it or settle on it. Here is a good article from the FTC> http://www.creditscorequick.com/2008/02/ftc-credit-report-repair-facts-for.html
3. Those are risky to use. If you do decide to use one, then use a local one where you go into the place and talk to them. Don't use one online. They are scams and ripoffs. If you want to repair your credit then get a copy of your credit report. If the account is owned by the credit company (they call it second placed or debt puchase accounts) then you may be able to negotiate to have it removed if you pay it. This is technically illegal but most collection agencies will do it. The other option is to ask for bill copies. If they cannot provide them many companies will delete the debt from your credit report. You can also send a letter to the collection agencies asking them to cease and desist. They must not contact you anymore. That does not remove it from your credit report BUT if they contact you after they recieve your C and D letter, they are obliged to delete it rather than face a lawsuit. Also if you are ill treated by the collection agency then write your Attorney General and the Attorney General in the state the collection agency is in and file complains and threaten legal action. If you don't owe too much (over 5, 000) most collection agencies feel it is not worth the hassle. Accounts can only stay on your credit for 7 years and the countdowns starts from the original company charge off date. It would not hurt to talk to a local credit repair place as they are willing to help and stay ontop of things but whatever you do, DO NOT use an online place.
4. If you want it done right, you have to do it yourself. You could pay someone to do it, or make all of the phone calls yourself and say a ton of $$$ in the long run.
5. You shouldn't pay anyone to fix your credit. You can fix your own credit at no cost simply by writing to the appropriate credit reporting agencies and disputing the inaccurate information. You will want to read, the FTC's Credit Repair: Self Help May Be Best brochure at the link below