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Is Credit Repair Worth The Money?

This entry was posted on Friday, January 8th, 2010 at 5:18 pm and is filed under credit repair. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

26 Responses to “Is Credit Repair Worth The Money?”

  1. Spacey~Stacey's Place on January 9th, 2010 at 5:28 am

    My sister did this and it froze all her accdounts for 3 years ….so i vote no, not worth it.

  2. no – it is only mopre debt and it WILL NOT repair your credit any fast. only on time payments and STOP borrowing over income can do that

  3. Don’t pay anyone for assistance – they just cost you more and it is something that you can handle yourself. You need to contact your creditors and make them aware of what you are trying to do in your plan to be financially worry free. There are so many experts out there go to a library and get a book. Go on line to a financial page and most will give you this advice.

  4. ♂ Randy W. ♂ on January 9th, 2010 at 8:30 am

    no it is not.

  5. NO. They are a rip off. I even tried one that was a law firm and they did nothing but remove a public record I could have gotten removed myself with a letter and a postage stamp.
    You MAY be a candidate for using a credit counselor. Note this can have an initial negative impact on your record too, but they have the ability to negotiate lower interest rates and get the creditors to stop adding late fees and such that make it so hard to bring down your balances.
    Plus sometimes the credit card companies will “reage” your account after 90 days, meaning they will report you as on time from that point forward.
    That can make a HUGE difference and if you can keep it up for 3 years or so, you should find that prospective lenders think a lot more of your credit.

  6. there are hundreds of companies out there that claim to repair credit. they repair your wallet! you can contact any of the companies you have credit with or bad credit with and work out some kind of deal. cut the interest down, double your payments, payoff the least amount account first and then go on to the next. anything on your credit will stay there seven years. if there is something on there, many will work with you to pay it off and either take it off or at least change it to paid. by paying anyone to help you, they get a percentage of what you pay and the rest goes to the creditor. why pay them when you can contact the creditor yourself and make a deal with them. the money you’ll be saving will go to paying off more of your debt yourself. good luck!

  7. you need to pay someone in order to emprove the credit repair.

  8. While I can’t recommend anyone to help you, I can offer some advice. If you think it’s worth it to you to improve your credit faster than you are now? Then it’s worth it! Do you have a burning need to improve your credit faster or is it just something you want to do? If you are trying to improve your credit because you’re getting married, having a child, need to buy a new house or some other big life purchase, then maybe you should consider using a credit service. Again, it’s up to you whether you, personally, consider it worthwhile.

  9. no

  10. No. You can do everything they do for free.

  11. I know a legit company that repairs your credit AND helps you pay down debt faster. It’s all legal, it doesn’t cost thousands of dollars and it helps make you extra money in the process. Go to the site below. If you have any questions about anything e-mail me. You can click on my name to go to the link for my e-mail address. Trust me, they are making my credit better already and helping me pay down my debt faster and I can’t afford to spit out a lot of money for this type of service, so this company really came in handy.

  12. i would not do it and dont think anyone else should , it can be bad news , pay it off as quick as you can , its worth it in the end

  13. You can do it, by paying on time and more then required, think about this how long did it take you to get bad credit, just don’t rush it will happen Good Luck

  14. no. put your money toward actually paying your bills. They are all scams. You can do all of the legal parts of the work they offer on your own, at very little cost other than the actual bill payment.
    Learn all about what things are considered in a credit rating. learn what you can do to improve it.
    Remember your credit rating is the business community’s view of your character. You did not develop this character in a short time, nor can you change it in a short time. It is all about a business or person being able to validly judge for themselves what kind of experience they should expect from you in future business transactions. Past behavior is the best predictor of future behavior. Your credit report is the “picture” of your past behavior.

  15. NO! NO! YES!

  16. I would not recommend these services. There really is no easy fix and there is nothing that they can do for you that you can’t do for yourself. It just takes time.

  17. no. go talk to your bank manager. there is a loan you can get at a bank to help you improve your credit. you actually make an interest bearing deposit and then they give you a loan on it. you make payments then you get your money back. i did that it costs very little. and improves your credit. before you start checking into a lot of things check first with your bank. too many inquiries will lower your credit

  18. That’s up to you.
    Certainly to spend $200 to get 20,000.00 is worth it.
    It also depends on your AGE and CREDIT SCORE.

  19. No!!… This is not a good idea. Mom told me how it works. All they do is just make you make up a budget that you can stick too. Anybody can do that themselves for free…

  20. Excellent Credit Service on January 11th, 2010 at 7:26 pm

    If you want improve your credit, pay your bills on time.
    If you are trying clean up your credit report, you can do anything a credit repair service can yourself.
    If you are frustrated, or confused with the repair process you may need the help of a credit repair service.
    If you decide to use a credit repair service DO NOT PAY FOR SERVICES UP FRONT!!
    The credit repair process could take 6-12 months depending on your credit history.
    Credit repair is not a quick fix.
    Stay with it, you can do it!

  21. credit is a slow process and no its cheaper not to pay someone when they are going to tell you the same thing most of us will tell you already. Start with credit cards or secure credit cards. and work your way up. You forgot to mention your age or if your bankrupt.

  22. Credit should be paid off if it is bearing higher rate of interest,and lower interest bearing loans repayment should be the last priority.People invest and earn higher rate of interest on low bearing interest taken and it is a profitable propostion.

  23. noyou can get your credit report free at annualcreditreport.com and do it yourself….use the money t paythe blls off!

  24. Credit repar! There is no credit repair that works faster than 45 days! Most companies that offer credit repair are shams, they settle your accounts for pennies on the dollar and close your accounts. or they send letters to your credit reporting agency requesting they remove any bad marks and hope they don’t respond in 45 days, then by law it has to be removed.
    Just work it yourself!

  25. No one else can improve your credit for you; only you can do that. If you to to a place like Consumer Credit Counseling, they’ll take a look at your situation and they may be able to help you consolidate your bills so you can make smaller payments, but no one can wave a magic wand and fix your credit for you, at least not legally. It takes time and hard work.

  26. yes

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