Credit Repair Companies

Has anyone ever used an agency to repair there credit report? And if you have, how did that work out?

There is nothing a credit repair agency can do that you can't do for yourself. Also, there are a lot of scams and over-promising in the industry.

Just get a good book about the Fair Credit Reporting Act (FCRA). It will tell you how to challenge items on your credit report.

Thanks HHM.

HHM is right, just do your homework, with a little research and patience you can bring up your score on your own...without having to pay anyone or possibly be scammed.

Wes

Hey thanks Wes. I just purchased an e-book that was recommended by a member from this forum for $12 and now have a bunch of ideas on how to dispute items on my credit report. Great people on this forum. Thanks, -Joe

I used a company to do mine, as I did not have time. They got 56 items deleted off the 3 credit reporting agencies within 8 months. I have been very happy with them. My situation is totally medical. No credit cards, just astronomical medical bills for disabled husband AFTER the insurance company paid 80%!!

I agree with HHM 100%. Vanceswife's situation is special which may be why the Repair Agency was helpful. When it comes to CC companies however, you are better to deal with it yourself.

Has anyone had any good luck with credit repair companies?

I want to have something removed, and people have told me that there's companies out there were you can pay them a fee for each item they have removed.

True.....?

You can dispute the item itself with the credit bureau.....

Check out the sample letters in the credit repair section of the forum...........

Why pay someone else to do it???

I just need it done like yesterday, I'm 5 points shy of obtaining a loan.

NotFun, they're not going to get the item off any sooner than you can.

yeah but I think a lot of people are in the same boat were we dont have the time to research every little loop hole, and fight with the CRA to get things removed. There has to be good companies out there that can do this with ease.

I mean most of us didn't file out BK alone, so why stop there..?

notfun,

From what I understand of "credit repair companies" they can take just as long to remove something as any individual would. Some charge by the month, some by tradeline, some by hour. I personally would not hire one until I have tried over and over and whatever way possible to do it myself.

But, that's just me and I'm a cheapskate (sp?)

notfun,

From what I understand of "credit repair companies" they can take just as long to remove something as any individual would. Some charge by the month, some by tradeline, some by hour. I personally would not hire one until I have tried over and over and whatever way possible to do it myself.

But, that's just me and I'm a cheapskate (sp?)

Ditto. I'm preparing for a fight here soon. And instead of credit repair companies, I may go the rought of hiring a consumer lawyer to get nasty if I have to.