Do any of you know any GOOD “well known”- “trust worthy” credit repair services ?

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I want to repair my credit.Badly, and I dont want to go to just any place. With fraud going around everywhere :/

2 Comments
  1. Reply
    Kitch
    June 26, 2011 at 8:04 am

    The best person to repair your credit is you. Anything that a credit repair place can do for you you can do for yourself. It will take time and research, but it is definitely worth it. You will understand what is going on with your credit report and will have gained knowledge.

    Check out the following link to get started:

    http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm

  2. Reply
    Smoovy Loco
    June 26, 2011 at 8:41 am

    If you really want to repair your credit as badly as you say you do, then the first step is to avoid credit repair services. They don’t do anything anymore special than you can do on your own. The first thing that you need to know that knowledge is power. In order to fix your credit, you should know how your credit is scored and how it affects you

    1. Payment history- 35%
    2. Total debt owed to avialable credit ratio-30%
    3. Length of time establishing credit-15%
    4. Types of credit established-10%
    5. Inquiries and New accounts-10%

    With that said, there’s 2 things when it comes to bad debts and collection items that you should be aware of, the FCRA and statute of limitations. These are 2 diffferent things. The FCRA(Fair Credit Reporting Act) is the timeframe that negative items can remain on your report which is 7½ years from the date it first went deliquent. For example if a debt first became delinquent July 10, 2000 the legal limit that the debt can be reported would be January 10, 2008. Also, there is a seperate statute of limitations that varies by state on how long a debt can be legally enforced. This is different from the FCRA, because depending on which state you live in the statute may or may not expire before the FCRA.

    here’s a link for that

    http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml

    Another important thing to know is that negative items that are less than 2 years old are hurting your score the most. It’s possible that you can settle much older debts for far less in exchange for getting them removed from your report altogether. This is called a “pay to delete”. I posted several links explaining this in detail

    http://www.creditinfocenter.com/debt/settle_debts.shtml

    http://www.creditinfocenter.com/debt/neg_rating_after_settle.shtml

    http://www.creditinfocenter.com/debt/CanCreditorSue4SettlementDifferences.shtml

    http://www.creditinfocenter.com/debt/ActualDebtSuccesses.shtml

    http://www.creditinfocenter.com/debt/debt-negotiation.php

    There’s sites like the one I posted along with a few more than can help you repair your credit cheaper and easier than you would if you paid out of the pocket.

    I thank you for reading and good luck!

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