Are Credit Repair Companies or/and law firms Legit
I was interested in getting my credit repaired and came across a few credit repair companies that sounds good but are they legit or scams
Public Comments
- I haven't found one that's legit......They all want money up front, or want you to "join" for a minimum of 6 months....join what????? You can dispute any inaccurate entries in your credit report for free. Each credit bureau has a website where you are able to get 1 free credit report per year. You can view the report within minutes and file any disputes online. Good Luck!!
- It is my understanding that you can do yourself what these credit repair companies want you to pay them to do. I'm assuming your credit is already bad, so the only thing you can really do to repair it is pay your bills on time, and keep your debt to a minimum. If you are in waaaay over your head and you car contemplating filing bankruptcy, then you should consult with a reputable lawyer. The consultation at least should be free.
- No one can really "repair" your credit. Inaccuracies can be disputed and explanations can be filed. However, accurate negative credit information stays on your credit report for 7 years. No one can change that.
- Before you sign up with a credit repair company, read this: http://www.ftc.gov/bcp/conline/pubs/credit/repair.shtm. Instead of paying someone, use the money to pay off debt.
- All of these answers are correct, but there are some credit repair firms that are legit, and don't ask for money up front, and will allow you to cancel at any time. So, you will just have to check around and do your homework. All credit repair firms are not equal.
- Some are and some are not. Be sure they clearly describe the services they will provide in writing, and that there is a refund policy. Make sure there is no set-up fee. Do not sign with a company who will just send letters to the credit bureaus or dispute the negative items online. Make sure they will contact the creditor directly to mediate your credit issues. I offer as free analysis of your credit report to determine which accounts are the most damaging, and which items removed for which fee will have the biggest score increase. Start your fast, legal, and guaranteed credit corrections now!
- do it yourself, its much cheaper and you same result. all they do is send out form letters.
- No you are the only one that can repair your own credit. The only law firms that help are the Bankruptcy ones so you pay a lot less than you owe either way the delinquencys on your credit report will remain for 7 years even if you pay it off in full
* Some answers may have been provided by Yahoo! Answers.