Bad Credit Agency

Do credit repair companies really do anything that you can't do yourself?

You can dispute incorrect reporting but can they really erase bad credit from your file?

Public Comments

1. Yea and most times they do it illegally. Not a good idea.
2. Contact your Atty. General and they will have a list of legitimate companies.
3. No they can't, You can do anything a credit Repair company can do. However, I always suggest hiring a professional if you want the job done right.
4. yes u r absolutely right.It's hoping against hope.
5. It is the same as when you go to court, you can do it yourself, but an attorney is always the best idea. But be careful which company you use, it would be wise to go to Better Business Bureau, and check to see if said company has any complaints against them on file, what guarantees do they offer to you and if they are legitimate, how many years they have been in business. do your homework before you contract anyone. It can work for you or, give you headaches and waste of money.
6. No, one can do everything themselves as long as they know what to do. Avoid credit repair agencies that charge a fee to improve your FICO score by removing negative, but accurate, information from your credit reports. No one can force credit reporting agencies or lenders to remove accurate information from a credit report. Credit repair companies often take your money without delivering what they promise, or provide only temporary improvements of your score, sometimes by removing accurate information that will reappear later. Here are some links to help you through this. http://www.ftc.gov/bcp/menus/consumer/credit/reports.shtm Download a pdf file regarding how to dispute with CRA's http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm#improve Building a better credit report. http://www.ftc.gov/bcp/conline/pubs/credit/crdright.shtm Credit and your consumer rights.
7. Everything credit repair companies do you can do yourself. However, you will need to have the time, patience and know-how to do all of the things that a good credit repair company can do. Not only can they remove negative items from your credit report many times, but they can remove inquiries, remove collections, late payments and greatly increase your credit score. There are a ton of credit repair companies out there so you need to use great caution when deciding which one to use. I would check with the BBB and rip off report to see what kind of info you can find about the companies before you work with them. With time, research and a lot of effort though you can do most or all of the same things they can do and save yourself a nice chunk of money in the process. Best of luck and check out the blog below on credit information. A site I've used for info in the past ... http://debt.123thebest.info/credit_card.html Good Luck.