Credit Repair Companies
Does anyone have any positive or negative comments regarding credit repair companies.
I have a company that quoted me $400 with a 110% guarantee that EVERY negative on my credit report would be removed. It wouldn't matter if there was a good reason to have the negative on my report, it would get removed.
He wants the money up front. I called the BBB and there was no reports on the company. Their name is PS Financial out of Arlington, TX.
I just want to try to prevent getting ripped off. If anyone can let me know of their experiences, I would appreciate it.
Ferris
Do some of your own research on how to repair your credit. Go to the library and get some information.
Then compare that with what they will do for that money. You could probably save yourself some money by doing somethings yourself.
Check http://www.ftc.gov/os/statutes/croa/croa.htm
If he's in strict compliance with this, then by all means use him.
Why pay them $400 when it is so easy to do it yourself. It just takes time corresponding back & forth, which ultimately is the same amount of time it will take them, only your gaining the insight and knowledge on how to do it.
I have heard that Lexington, a law firm in Salt Lake City is very good. I have heard this from several sources. The have dealings with the credit reporting companies.
You might start out on your own by getting your credits scores. The credit reporting agencies can also give you info on refuting negative items on your reports. If this doesn't get your score up high enough, you can contact one of the credit repair companies.
2 years ago I had 17-18 adverse accounts. Today, I'm down to 3-5 adverse accounts. I did that much on my own and only NOW that I've exhausted my own efforts am I starting with Lexington Law Firm to help me out with the rest. I'll let you know how they do for me. They have a guarantee of sorts: If after a year there haven't been enough entries deleted or changed, you can get at least 50% refunded. It's only $35/mo., so you may want to check them out first. I'd recommend doing it yourself at first if you have a lot of accounts with problems.
Good Luck!
Ginger
you should check out the Ultimate Credit Handbook by Gerri Detweiler if your bad credit is because check out Credit After Bankruptcy: A Step-By-Step Action Plan to Quick and Lasting Recovery after Personal Bankruptcy by Stephen Snyder. both are good books and tell you how to deal with your credit report.
Terry
I agree the book Credit After Bankruptcy is a good place to start. I use a credit repair law firm, because I'm very busy and willinf to spend the $50 a month it cost for the great service they provide. I can concentrate on REI, while having the experts repair the credit.