Bad Credit Agency

i am thinking of hiring a credit repair agency , is it worth it?

i am thinking of hiring a credit repair agency , is it worth it ,i have everything payed off i just have a few late payments and a seven year old bankruptcy that they feel that they can remove. is that stuff removable. thanks for you time

Public Comments

1. no. there is nothing they can do but take your money. that stuff is on your credit report for a predetermined amount of time. bankruptcies are on there for 10 years.
2. i heard that they do work and are able to get negative stuff off your report
3. There is nothing they do you could not do on your own. There are also a lot of scams out there be aware. Call your credit cart companies directly and ask to have your interest rates reduced or your minimum payment lowered. Tell them that you want to work with them and pay off your dept. Pay off your highest interest carts first. Stop using your carts till you got them under control. Make a budget and stick to it.
4. I would advise against it. We tried one once, and it actually lowered our credit score and, when our car broke down unexpectedly, we were refused an auto loan unless we came out from the agency first.
5. Yes it works and yes it is true you can actually do it on your own if you have the time, patience and information. I am using www.imtcredit.com/elt to work on mine and my wifes. They have a perfect Better Business Bureau rating and their rates aint bad either.
6. DO NOT USE CREDIT SOLUTIONS!!! After having been with Credit Solutions for more than a year now, I’ve come to the realization that the company promises more than it can deliver. To start, and most importantly, Credit Solutions makes statements during its sales pitch which are not only misleading but downright false. The first time this is evident is that Credit Solutions promises to contact the client once a month to check up on such things as contact information and the balance of funds saved. Though there may be one or two months where this happens, of late, Credit Solutions has neither called or cared. In addition, in the sales pitch, the prospective client is lead to believe that Credit Solutions has a relationship with the credit companies and can therefore act as an intermediary to get the Credit Companies to wait while the client puts money into a savings account and thereby compiles money to work toward a settlement some day in the future. I, personally, remember this statement almost word for word as it was one of the most compelling reasons for taking on Credit Solutions. Nothing is said during this sales pitch about how a credit card company can still go the legal route (Arbitration, and then a Lawsuit) at any time, other than to strictly point out that Credit Solutions will not act legally on the client’s behalf. Though this ‘disclaimer’ is made and made clearly, it is glossed over when the prospective client actually asks if lawsuits are something to consider. “They almost never happen.” is the response. (Of the 12 credit accounts I have handed over to Credit Solutions, 4 have gone to Arbitration AND 2 others to Court. This is a whopping 50% of just one client’s accounts! There is nothing to indicate that this number is out of the ordinary.) Besides the misrepresentation of the legal possibilities, Credit Solutions gives the client the impression of an efficient and professional office only until such time that the client actually needs to contact the company with a problem. Calls are not returned the same day, and most times not at all. When asked about Arbitration, the standard response is “We don’t handle Arbitration.” -thus leaving the client uninformed and ill-prepared. Those 'Client Service Representatives' who do offer to work with the client on this subject tend to again gloss over the legal aspects as if Arbitration is merely a minor inconvenience. Should anything resembling a legal aspect arise, they are quick to lean on their disclaimer so clearly outlined in the contract. "We are not a legal representation." When brought around again to the misleading statements discussed above, their response is "Do you have that in writing?" The statements, of course, are never put into writing. Credit Solutions insists you fax them all forms and papers received. They constantly say that faxes will be received “into your account” within 3-5 days. This again, is a big problem as many times faxes have not been found in my account for 2 weeks or more after they have been faxed! It’s hard to feel comfortable with a company which doesn’t know its own shortcomings. When the fax is a legal letter, it makes things even worse. When things do come to a legal head, the client is left with a feeling of desperation. No amount of ‘We don’t do legal perhaps you need to get a lawyer’ will alleviate the feelings of betrayal from a company one is paying (and paying heavily!) supposedly for their expertise (as well as the fabled relationships with the credit companies.) Fear and anxiety cannot easily be swept away when the client is left sitting by the phone hoping that SOMEONE from the company will call AND that they will be able to help. In contacting Credit Solutions, the client is put through a security check and then into the phone maze. Credit solutions’ phone maze is irritating to say the least. Besides being asked to confirm one’s client status not only on every call, but by every person the client speaks to, the phone system will also drop calls, give vague directions and circular forwarding before the client becomes frustrated or angry and hangs up. Everyone that the client does actually speak to in person promises to pass on phone messages, but as already pointed out: returning calls to a client with a problem appears to be of low priority. The client is left angry, disillusioned and without recourse, as legal problems loom in their immediate future. As for voice mail, it is sublime to suggest that it is a joke with Credit Solutions. I have NEVER had anyone return a voice mail message and in fact, was told by one 'Credit Specialist' that no one ever checks the voice mail. Finally, when an offer to settle an account comes to Credit Solutions, there is no guarantee that Credit Solutions will contact the client in time for the offer to be valid. At least 3 times we have had this problem, and one time ended up paying more to the credit card company than their first offer. Credit Solutions was to blame, but did nothing to either correct nor alleviate the problem. It is quite obvious that Credit Solutions is a company which has grown too fast for its own good. It cannot keep up with its sales promises, cannot keep up with its clients (as they were promised) and cannot keep up with the credit companies (also promised). Would I have signed up with Credit Solutions had I known the problems? No. Will I stay with them now that I am more educated on their practices? Well, since I’m still paying the ‘service fees’ monthly, it seems more than likely. I will spend my time as best I can doing what I can to educate other prospective clients of this company about its misleading practices and performance problems.