I did not know there was two different measures. I actually never heard of the Credit utilization. It does make sense. Thanks for the information. I like when there are new things to learn here. You always give valuable advice and information.
NO it is not always a scam.before you invest your money, invest your time and check all thing about company because this step is very necessary. check company is liable or not.
To protect yourself from falling victim to a credit repair scam, you have to stand for your rights as a consumer. You should familiarize yourself with the Credit Repair Organizations Act, which offers you some substantial rights and protections. The Act specifies that credit repair firms must inform you of your rights and obligations before you can sign a binding contract with them. They are also prohibited from extracting their fee from you before they have provided the services they were contracted to perform.
I did everything I was told to do and disputed my credit report and tried to clean stuff up and it ended up dropping my score by 62 points! UNBELIEVABLE and the "so called" investigation the 3 credit bureaus did was not thorough or complete. I'm disgusted with this system. As for freecreditreport.com, that is a joke also. It is not worth the money. It gives you alerts, but no details. I am going to lose the home I want to buy for me and my children because of all this. I will NEVER listen to an attorney about disputing my credit report again. I will take this on myself and work it out on my own. What a waste of 3 months and $400.00 worth of payments and payoffs.
i thought about hiring a company to fix my credit but after much advice from others i decided to go at it myself...more because i did not have the 800 and some dollars it would have cost..
Yes, if you can manage credit on your own, then there is no need to join a credit counseling agency. Managing credit is not that tough. You need to make a list of all your credit cards, loans, and bills, along with the payment dates, and outstanding balances. Maintain on time payments, and tick off the one paid.
Along with these, you also need to set up an emergency fund, which you can use in time of emergencies to pay off your cards, and bills. Another very important thing you should do in credit/debt management is check your credit report at least once in three months.
Thanks for the good advice...I have recently started forcing myself to start saving...(for a cruise to the Bahamas) = ) but I do realize I need a general savings plan. Money is tight right now because I am working my way through school and paying off a student loan and paying for two homes...I just need to manage my money wisely and set money aside immediately for savings....I have started considering signing up with my credit card account to receive a copy of my credit report every month since I am working to repair my credit...I love this site, it has been a tremendous help for me...Thanks!
I have not read many good things about credit repair companies on here, where would you go to check it out and see if they are a good company to use or not?
You can choose a good credit repair company by following these steps.
1. Ask them what they have done for their previous clients and ask for evidence to support their claims.
2. Find out whether they charge a reasonable fee.
3. Talk to people who have been with a credit company before and were happy with their services.
4. Ask for their state registration and bond certificates. Verify them with required public information from Secretary of the State.
5. Find out, how long they are in business. If they are in business for long, it means that they have been able to offer good services to people.
In my experience with Credit Repair Co's, (the ones I've dealt with, anyway), they want upfront-fees to "make sure they 'fix' your credit." I actually had a 'repair Co tell me this!! There ratings were good....however......the more I talked to them, the more 'red flags' were coming up. I've learned, from several people, on this Forum, that you CAN repair your own credit. And..you're not paying someone to do it!!
All i know is that my Girl Friend payed In Charge almost $9000 and got basically nothing in return. I didnt see any of her correspondence between them but i know she payed the money and still has tons of collection items on her Credit Report.
It is always better to check the reliability of the company (any, may it be a credit repair service, or debt settlement company, or debt consolidation company) in the market, and it's accreditation with the Better Business Bureau.
Again, sometimes all these fails. It can happen that a consumer may be satisfied with the services of that company, while some may not be satisfied with the services of that same company.
I know little bit about credit repair companies.Credit repair companies are for the help of people they are not scam at all.If you want to go with credit repair companies you need to do work on it little bit.You should gain knowledge about these companies than try for it.
I know little bit about credit repair companies.Credit repair companies are for the help of people they are not scam at all.If you want to go with credit repair companies you need to do work on it little bit.You should gain knowledge about these companies than try for it.
I know little bit about credit repair companies.Credit repair companies are for the help of people they are not scam at all.If you want to go with credit repair companies you need to do work on it little bit.You should gain knowledge about these companies than try for it.
I know little bit about credit repair companies.Credit repair companies are for the help of people they are not scam at all.If you want to go with credit repair companies you need to do work on it little bit.You should gain knowledge about these companies than try for it.
tracyrains, you can't say whether a company is a scam or real. It depends. Not all companies are helpful. You need to check out if at all the company you are going to take help from is at all a real and legal one.
Never trust a credit repair company that asks you to pay before they render the service. This is a common scam – the so-called “company†takes your money, never gets back to you, and conveniently vanishes without a trace when people begin to complain
Yes, this is very true. One should avoid credit repair agencies asking for upfront fees. It is also important to check if the agency is accredited with the Better Business Bureau.
There are many reputable credit repair companies in existence today, there are also many scams being perpetrated on unsuspecting consumers. Like most credit scams, credit repair scams prey on those people who are feeling desperate and willing to believe even unreasonable promises.
Accurate information can very easily be removed if one is versed in consumer credit dispute and verification laws and procedures. It is done all the time.
I don't think all credit repairs are scams. You don't have to go to a debt consolidator company, you can also check with bankruptcy offices, and sometimes they offer consolidation and repair plans to avoid bankruptcy.
Credit repair is getting most common and highly essential these days.
Most of the credit repair services makes false notes these days. So be cautious while going for such services.
Credit repair has unfortunately earned a reputation and a fraudulent industry. Far too many unscrupulous entrepreneurs took advantage of the emerging popularity of credit repair.
Credit counseling is a process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan and Budget.
'CGEORGE'....( I know this is an older post)......I think you're right. Alot of the "expert" credit counselers do want to make a fast buck. I was invloved with a so-called credit repair company. To make a long story short their "fees", every month, seemed to be more and more. Soon, I was realizing I was going MORE into debt with them. Not good!! Thanks for the website.
Well..I looked at the website above. I may find a "ton of information to do it myself", but, there is a fee to the book/PDF. and..I refuse to pay for 'free' information.
I can't speak for all companies that offer credit repair, but I can say without a doubt that DSI Solutions is a SCAM! They don't even actually send out the letters that they say they do, and their customer service is a joke. Very rude and unprofessional, they just want your money. Steer clear. Anyone that comes on here and says DSI Solutions is the way to go is either an employee or an affiliate of that company.
I am 52 yr of age i have used just one credit repair co all this time.
In my house the wife and I take turn's . Getting credit repair done
why is the cost. As for what you need to do is work on your three
of your report's get as much done on your own. Start with,
personal information On all three report's this need's to say the
same thing. Update name, address, Telephone number, so on.
Review account information, learn how to use Rating key's.
After you clean up as much as you can then look for credit repair
This will save you money. My wife and use lexington law we stay,
for six mo to one yr . Do as much as you can to help yourself
All of debt settlement copemnias are scams. They promise the world but can't deliver after taking your money. When we got those debt settlement letters while I worked at credit union, we just disregarded it. We would then contact the member giving them information on consumer credit counseling a national non profit organization. They work with creditors to reduce payments and interest rate. If member wasn't interested in doing that we forwarded for legal action.
Forget credit reapir companies. Most are pure scam. Even the legit ones only do what you can easily do yourself. There are no special letters or secret procedures to clean up your credit.Get a copy of your credit report (AnnualCreditReport.com). If there are errors, dispute them with the credit bureau. Legitimate negative items age off your credit report 7-1/2 years from the date of first deficiency. The older the item, the less impact on your score.If any of your derogatory items are single entry items, like medical or utility bills, you can try to negotiate pay for delete agreements (you pay $x and they remove the item) with the collection agencies. This doens't work for regularly reported items like credit cards and installment loans. The collection agency can only remove what they report. The original creditor's charge off would remain.If you have open credit card accounts, use them and pay off the balance in full every month. If you don't have a credit card, get one, even if you have to get a secured card you pay a deposit which is held as collateral against the line of credit. You need to build up at least 24 months of consistent, on time payment history to improve your score.
Forget credit reapir companies. Most are pure scam. Even the legit ones only do what you can easily do yourself. There are no special letters or secret procedures to clean up your credit.Get a copy of your credit report (AnnualCreditReport.com). If there are errors, dispute them with the credit bureau. Legitimate negative items age off your credit report 7-1/2 years from the date of first deficiency. The older the item, the less impact on your score.If any of your derogatory items are single entry items, like medical or utility bills, you can try to negotiate pay for delete agreements (you pay $x and they remove the item) with the collection agencies. This doesn't work for regularly reported items like credit cards and installment loans. The collection agency can only remove what they report. The original creditor's charge off would remain.If you have open credit card accounts, use them and pay off the balance in full every month. If you don't have a credit card, get one, even if you have to get a secured card you pay a deposit which is held as collateral against the line of credit. You need to build up at least 24 months of consistent, on time payment history to improve your score.
Thanks roadwarior2125, I have heard some peploe have had great success with Lexington Law. I myself have never used their service. I believe you can do the same job they are performing DIY credit repair for a lot cheaper and in less time. I'm going to check into it a bit more, watch my blog!
You have a credit ratnig but it will be extremely low. The defaults will show for the next 6 years from the date they were issued.You can apply to add a note to your credit ratnig, saying that the debt was satisfied have a search on the Motley Fool website for advice on this.My advice would be to stay away from credit repair agencies. there is very little they can do, it's a matter of time. Basically, you won't be getting any credit for a good while unless it's at a very high rate of interest or from dodgy sources.
I did not know there was two different measures. I actually never heard of the Credit utilization. It does make sense. Thanks for the information. I like when there are new things to learn here. You always give valuable advice and information.
Yes and I just completed one today. I usually do not do those sites since I have dial-up and it is so slow but I joined and did one to help you out.
Thanks, I appreciate it. I did see where you got everything completed.
NO it is not always a scam.before you invest your money, invest your time and check all thing about company because this step is very necessary. check company is liable or not.
Default Judgment not onCredit Report
Facts:
I owed Capital One in 2004 aboyt $3,000.
I was served to be sued by Esknos and Adler for Capital One. I did not respond.
At that time in 2004 I owned a home
I sold the home immediatley after being served
I assumed it went to deafual judgement
Research into County Records shows an Abstract of Judgment in the County records
I have never been approached (not that I could be found) for garnishment, etc..
The judgment is NOT ON ANY CREDIT AGENNCY
Weird?
reply
Hi,
Your query has been answered at ‎http://www.creditmagic.org/judgment/not-listed.html#46188 .
If you have further queries, you can feel free to discuss in the forum.
Thanks,
Aaron
To protect yourself from falling victim to a credit repair scam, you have to stand for your rights as a consumer. You should familiarize yourself with the Credit Repair Organizations Act, which offers you some substantial rights and protections. The Act specifies that credit repair firms must inform you of your rights and obligations before you can sign a binding contract with them. They are also prohibited from extracting their fee from you before they have provided the services they were contracted to perform.
Hope it serves you the purpose.
DO IT YOURSELF
I did everything I was told to do and disputed my credit report and tried to clean stuff up and it ended up dropping my score by 62 points! UNBELIEVABLE and the "so called" investigation the 3 credit bureaus did was not thorough or complete. I'm disgusted with this system. As for freecreditreport.com, that is a joke also. It is not worth the money. It gives you alerts, but no details. I am going to lose the home I want to buy for me and my children because of all this. I will NEVER listen to an attorney about disputing my credit report again. I will take this on myself and work it out on my own. What a waste of 3 months and $400.00 worth of payments and payoffs.
credit repair
Hi Lisa,
Can you give more details on your credit? Can you tell whether there were any old collection accounts? Paying off old accounts can lower your score.
Thanks,
Aaron
credit repair
i thought about hiring a company to fix my credit but after much advice from others i decided to go at it myself...more because i did not have the 800 and some dollars it would have cost..
credit repair
Hi vfsalinas,
Yes, if you can manage credit on your own, then there is no need to join a credit counseling agency. Managing credit is not that tough. You need to make a list of all your credit cards, loans, and bills, along with the payment dates, and outstanding balances. Maintain on time payments, and tick off the one paid.
Along with these, you also need to set up an emergency fund, which you can use in time of emergencies to pay off your cards, and bills. Another very important thing you should do in credit/debt management is check your credit report at least once in three months.
Thanks,
Aaron
good advice
Thanks for the good advice...I have recently started forcing myself to start saving...(for a cruise to the Bahamas) = ) but I do realize I need a general savings plan. Money is tight right now because I am working my way through school and paying off a student loan and paying for two homes...I just need to manage my money wisely and set money aside immediately for savings....I have started considering signing up with my credit card account to receive a copy of my credit report every month since I am working to repair my credit...I love this site, it has been a tremendous help for me...Thanks!
reply
Hi vfsalnas,
You are welcome :)
Regards,
Aaron
I have not read many good things about credit repair companies on here, where would you go to check it out and see if they are a good company to use or not?
Good credit repair company
You can choose a good credit repair company by following these steps.
1. Ask them what they have done for their previous clients and ask for evidence to support their claims.
2. Find out whether they charge a reasonable fee.
3. Talk to people who have been with a credit company before and were happy with their services.
4. Ask for their state registration and bond certificates. Verify them with required public information from Secretary of the State.
5. Find out, how long they are in business. If they are in business for long, it means that they have been able to offer good services to people.
No credit repair is not always a Scam.
some time it is good.
and improve your credit score.
credit
In my experience with Credit Repair Co's, (the ones I've dealt with, anyway), they want upfront-fees to "make sure they 'fix' your credit." I actually had a 'repair Co tell me this!! There ratings were good....however......the more I talked to them, the more 'red flags' were coming up. I've learned, from several people, on this Forum, that you CAN repair your own credit. And..you're not paying someone to do it!!
All i know is that my Girl Friend payed In Charge almost $9000 and got basically nothing in return. I didnt see any of her correspondence between them but i know she payed the money and still has tons of collection items on her Credit Report.
collection items
Hi foreverandever,
It is always better to check the reliability of the company (any, may it be a credit repair service, or debt settlement company, or debt consolidation company) in the market, and it's accreditation with the Better Business Bureau.
Again, sometimes all these fails. It can happen that a consumer may be satisfied with the services of that company, while some may not be satisfied with the services of that same company.
Thanks,
Aaron
credit repair companies
I know little bit about credit repair companies.Credit repair companies are for the help of people they are not scam at all.If you want to go with credit repair companies you need to do work on it little bit.You should gain knowledge about these companies than try for it.
credit repair companies
I know little bit about credit repair companies.Credit repair companies are for the help of people they are not scam at all.If you want to go with credit repair companies you need to do work on it little bit.You should gain knowledge about these companies than try for it.
credit repair companies
I know little bit about credit repair companies.Credit repair companies are for the help of people they are not scam at all.If you want to go with credit repair companies you need to do work on it little bit.You should gain knowledge about these companies than try for it.
credit repair companies
I know little bit about credit repair companies.Credit repair companies are for the help of people they are not scam at all.If you want to go with credit repair companies you need to do work on it little bit.You should gain knowledge about these companies than try for it.
credit repair companies
tracyrains, you can't say whether a company is a scam or real. It depends. Not all companies are helpful. You need to check out if at all the company you are going to take help from is at all a real and legal one.
Never trust a credit repair company that asks you to pay before they render the service. This is a common scam – the so-called “company†takes your money, never gets back to you, and conveniently vanishes without a trace when people begin to complain
credit repair
Hi,
Yes, this is very true. One should avoid credit repair agencies asking for upfront fees. It is also important to check if the agency is accredited with the Better Business Bureau.
Thanks,
Aaron
There are many reputable credit repair companies in existence today, there are also many scams being perpetrated on unsuspecting consumers. Like most credit scams, credit repair scams prey on those people who are feeling desperate and willing to believe even unreasonable promises.
credit repair
Hi,
One should always avoid a agency asking for upfront fees. One can also consult his friends ans relatives about a credit repair agency.
Thanks,
Aaron
If you use the credit repair system in a systematic way it not always scam but it is useful as well. Like you can visit http://www.alliedtrustdiamond.com to improve credit score.
Refinance Home Loans
can some one here give me some details about that what is difference between repair and rebuild credit?
Accurate Info Can Be Removed!!!
Accurate information can very easily be removed if one is versed in consumer credit dispute and verification laws and procedures. It is done all the time.
Credit scam
I don't think all credit repairs are scams. You don't have to go to a debt consolidator company, you can also check with bankruptcy offices, and sometimes they offer consolidation and repair plans to avoid bankruptcy.
Credit repair is getting most common and highly essential these days.
Most of the credit repair services makes false notes these days. So be cautious while going for such services.
MyCreditrally.com
I own a corporation that does no upfront fees credit repair, we do the work and then you pay.
This method is about the most scam free you could ask for, if we were not good at this we wouldnt make any money.
Call now for you free credit analysis and to get back on a path of financial freedom. 850-329-5653
All you need to get started is a copy of your credit report from all 3 major bureaus.
I look forward to helping anyone with there credit repair needs.
Looking for clients to show off our skills, NO COST UP FRONT CREDIT REPAIR....Call now 850-329-5653
Credit repair has unfortunately earned a reputation and a fraudulent industry. Far too many unscrupulous entrepreneurs took advantage of the emerging popularity of credit repair.
credit repair agency
Most of the CA's are scam artists. Here is link that will help guide you in the right direction. I hope this helps.
http://ucc-1credit.financial.officelive.com
Nope, I work for a pretty cool non-profit credit counseling agency that helps a lot of consumers get out of debt and get back on their feet!
Credit Counselling
Credit counseling is a process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan and Budget.
credit
'CGEORGE'....( I know this is an older post)......I think you're right. Alot of the "expert" credit counselers do want to make a fast buck. I was invloved with a so-called credit repair company. To make a long story short their "fees", every month, seemed to be more and more. Soon, I was realizing I was going MORE into debt with them. Not good!! Thanks for the website.
credit
Well..I looked at the website above. I may find a "ton of information to do it myself", but, there is a fee to the book/PDF. and..I refuse to pay for 'free' information.
DSI Scam
I can't speak for all companies that offer credit repair, but I can say without a doubt that DSI Solutions is a SCAM! They don't even actually send out the letters that they say they do, and their customer service is a joke. Very rude and unprofessional, they just want your money. Steer clear. Anyone that comes on here and says DSI Solutions is the way to go is either an employee or an affiliate of that company.
Credit Repair
I am 52 yr of age i have used just one credit repair co all this time.
In my house the wife and I take turn's . Getting credit repair done
why is the cost. As for what you need to do is work on your three
of your report's get as much done on your own. Start with,
personal information On all three report's this need's to say the
same thing. Update name, address, Telephone number, so on.
Review account information, learn how to use Rating key's.
After you clean up as much as you can then look for credit repair
This will save you money. My wife and use lexington law we stay,
for six mo to one yr . Do as much as you can to help yourself
kPczXzsEtzgaOZoiY
All of debt settlement copemnias are scams. They promise the world but can't deliver after taking your money. When we got those debt settlement letters while I worked at credit union, we just disregarded it. We would then contact the member giving them information on consumer credit counseling a national non profit organization. They work with creditors to reduce payments and interest rate. If member wasn't interested in doing that we forwarded for legal action.
Credit card can be damaged by scratch. My credit card is not working properly because in my credit card there are lots of scratches on it.
Every company is not scam but yes some of them are scam, so be careful.
WgTDbJPEpnDgspBI
Forget credit reapir companies. Most are pure scam. Even the legit ones only do what you can easily do yourself. There are no special letters or secret procedures to clean up your credit.Get a copy of your credit report (AnnualCreditReport.com). If there are errors, dispute them with the credit bureau. Legitimate negative items age off your credit report 7-1/2 years from the date of first deficiency. The older the item, the less impact on your score.If any of your derogatory items are single entry items, like medical or utility bills, you can try to negotiate pay for delete agreements (you pay $x and they remove the item) with the collection agencies. This doens't work for regularly reported items like credit cards and installment loans. The collection agency can only remove what they report. The original creditor's charge off would remain.If you have open credit card accounts, use them and pay off the balance in full every month. If you don't have a credit card, get one, even if you have to get a secured card you pay a deposit which is held as collateral against the line of credit. You need to build up at least 24 months of consistent, on time payment history to improve your score.
dXsqxZmzaqATZRFBGCdL
Forget credit reapir companies. Most are pure scam. Even the legit ones only do what you can easily do yourself. There are no special letters or secret procedures to clean up your credit.Get a copy of your credit report (AnnualCreditReport.com). If there are errors, dispute them with the credit bureau. Legitimate negative items age off your credit report 7-1/2 years from the date of first deficiency. The older the item, the less impact on your score.If any of your derogatory items are single entry items, like medical or utility bills, you can try to negotiate pay for delete agreements (you pay $x and they remove the item) with the collection agencies. This doesn't work for regularly reported items like credit cards and installment loans. The collection agency can only remove what they report. The original creditor's charge off would remain.If you have open credit card accounts, use them and pay off the balance in full every month. If you don't have a credit card, get one, even if you have to get a secured card you pay a deposit which is held as collateral against the line of credit. You need to build up at least 24 months of consistent, on time payment history to improve your score.
KEUVRRIidlppSLHEXP
Thanks roadwarior2125, I have heard some peploe have had great success with Lexington Law. I myself have never used their service. I believe you can do the same job they are performing DIY credit repair for a lot cheaper and in less time. I'm going to check into it a bit more, watch my blog!
fhETtUnVJgdcey
You have a credit ratnig but it will be extremely low. The defaults will show for the next 6 years from the date they were issued.You can apply to add a note to your credit ratnig, saying that the debt was satisfied have a search on the Motley Fool website for advice on this.My advice would be to stay away from credit repair agencies. there is very little they can do, it's a matter of time. Basically, you won't be getting any credit for a good while unless it's at a very high rate of interest or from dodgy sources.