Solve your bad credit problems

cath · Joined: 28 Aug 2009 Posts: 2

The easiest way to solve your bad credit problems is to search for a quality credit repair service. These services assist people with bad credit scores and bring them back on track. Take your time to compare the services offered by different credit repair companies and select the one which is trustworthy.

jimb12345 · Joined: 24 Jun 2009 Posts: 55

all you have to do correct your credit report yourself. just dispute all the bad credit on your file...they have 30 days to respond. if they do not they have to take it off your credit.

Roger_Silvester · Joined: 29 Jun 2009 Posts: 51

I agree that credit repair service is the best way to get out of bad credit, but beware of many fraudulent companies that approach you every now and then.

If you see a credit repair offer, here’s how to tell if the company behind it is up to no good:
* The company wants you to pay for credit repair services before they provide any services. Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the services they have promised.
* The company doesn’t tell you your rights and what you can do for yourself for free.
* The company recommends that you do not contact any of the three major national credit reporting companies directly.
* The company tells you they can get rid of most or all the negative credit information in your credit report, even if that information is accurate and current.
* The company suggests that you try to invent a “new” credit identity — and then, a new credit report — by applying for an Employer Identification Number to use instead of your Social Security number.
* The company advises you to dispute all the information in your credit report, regardless of its accuracy or timeliness.

EricJ · Joined: 09 Jan 2009 Posts: 321 Location: New Jersey

You can do the same thing that credit repair companies do for you. A qualified loan officer can help you to increase your scores if you have enough time to do so. There are many easy tips to raise your score. You can also write letters if necessary and do not need to pay someone else to do it for you.

jimb12345 · Joined: 24 Jun 2009 Posts: 55

also get a small loan and pay it off early will help your score.

TimtheMortgageGuy · Joined: 16 Jan 2008 Posts: 96 Location: Rosemount, MN

cath wrote: The easiest way to solve your bad credit problems is to search for a quality credit repair service. These services assist people with bad credit scores and bring them back on track. Take your time to compare the services offered by different credit repair companies and select the one which is trustworthy.

These services are complete BUNK!
Lame advice there. :roll:

Roger_Silvester · Joined: 29 Jun 2009 Posts: 51

In recent years lenders have also realised that they can offer products such as bad credit remortgage deals to people in this situation that can actually help them to reduce their debt gradually, with the possibility of clearing their credit history once the loan is repaid in full.

TimtheMortgageGuy · Joined: 16 Jan 2008 Posts: 96 Location: Rosemount, MN

Roger_Silvester wrote: In recent years lenders have also realised that they can offer products such as bad credit remortgage deals to people in this situation that can actually help them to reduce their debt gradually, with the possibility of clearing their credit history once the loan is repaid in full.

I don't know of any such lenders in today's environment.