Bad Credit Agency

Does anyone know of a real good credit repair agency?

I need help repairing my credit. Does anyone have any experience with a reliable and effective service?

Public Comments

1. Sorry to say there is no such thing as a good credit repair agency. They charge you too much and have scattered results at best. My advice is to do exactly what the credit repair companies do: send letters disputing adverse information on your credit report to the 3 major credit reporting agencies. It doesn't cost you more than the price of some stamps. Giving your personal information to credit repair companies opens yourself up to potential id theft. Plus you can end up paying thousands of dollars. Sometimes these agencies even cause your score to drop by hundreds of points. Please be careful if you decide to go this route.
2. The best credit repair person is you. You can repair your credit yourself overtime by paying your debts and bills on time. The credit repair agencies charge too much and you can do what they will do for free. You should get copies of your credit reports and contact the creditors/collection agencies for pay-to-delete deals for your delinquent accounts.
3. If you really want to repair your credit as badly as you say you do, then the first step is to avoid credit repair services. They don't do anything anymore special than you can do on your own. The first thing that you need to know that knowledge is power. In order to fix your credit, you should know how your credit is scored and how it affects you 1. Payment history- 35% 2. Total debt owed to avialable credit ratio-30% 3. Length of time establishing credit-15% 4. Types of credit established-10% 5. Inquiries and New accounts-10% With that said, there's 2 things when it comes to bad debts and collection items that you should be aware of, the FCRA and statute of limitations. These are 2 diffferent things. The FCRA(Fair Credit Reporting Act) is the timeframe that negative items can remain on your report which is 7½ years from the date it first went deliquent. For example if a debt first became delinquent July 10, 2000 the legal limit that the debt can be reported would be January 10, 2008. Also, there is a seperate statute of limitations that varies by state on how long a debt can be legally enforced. This is different from the FCRA, because depending on which state you live in the statute may or may not expire before the FCRA. here's a link for that http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml Another important thing to know is that negative items that are less than 2 years old are hurting your score the most. It's possible that you can settle much older debts for far less in exchange for getting them removed from your report altogether. This is called a "pay to delete". I posted several links explaining this in detail http://www.creditinfocenter.com/debt/settle_debts.shtml http://www.creditinfocenter.com/debt/neg_rating_after_settle.shtml http://www.creditinfocenter.com/debt/CanCreditorSue4SettlementDifferences.shtml http://www.creditinfocenter.com/debt/ActualDebtSuccesses.shtml http://www.creditinfocenter.com/debt/debt-negotiation.php There's sites like the one I posted along with a few more than can help you repair your credit cheaper and easier than you would if you paid out of the pocket.
4. They can't do anything you can't do yourself, and they're expensive. Also, a good resource is... http://debt.knowledged.info/credit_card.html Hope that helps.