credit repair.?

am i correct?? i just went to this credit repair place and JUST got some information on how they work....then i came home and found out that all they do is submit letters to credit places.//then they submuit them to the creditors and if they dont respond its deleted....isnt that the same thing u can do on the 3 major credit places website?? called credit disputing?? alll i want to know is--is what these people are charging all this money for (credit repair) if u do some research u can do it free urself??

Public Comments

1. You are mostly correct. You can submit a letter yourself to save money. However, their dispute letter will probably be more polished than your writing. For example, they will probably capitalize the first letter of each sentence. I do not know if this will affect the results.
2. i think your right.....i did that on mine....when my landlord run my credit... base on my credit history......it show that i leave in this area by i never been there
3. It's a business and people like to exploit on the lazy people. Why do something someone else will for you? That is how they see it! Even if it costs money... they are way too lazy.
4. You are 100% correct. Almost any company will negotiate terms. They would rather have less for a longer period then none at all. Just send a letter of explanation and make it clear and concise what you owe, what you can pay and for how long. Stick too it and you haved accomplished what they are charging to do. I have done it. Believe me. It works. The last thing you need is more debt and the companies will get you into more debt.
5. Anyone who offers to repair your credit is full of crap. They're charging you for something you can do on your own. And even then, there's absolutely no guarantee that your credit CAN be repaired. Most delinquencies stay on your report for 7 years, but the actual number of years varies state by state. The agencies will only remove items from your report if they're inaccurate or if the 7 years or so are up, and even then you'll have to write a letter to them, asking them to remove the item from your credit report. Save your money, and write to the credit reporting agencies yourself.
6. Yes, you can do it yourself. Go to www.annualcreditreport.com to get free copies of your credit reports from the 3 credit bureaus. You can print out the copies and mail in your disputes, or you can file a dispute online. Don't pay someone to do what you can do yourself. In either case, there is no guarantee that anything will be removed, especially if it is legitimate.
7. stephenw needs to research his answers a little bit. Highly polished letters get flagged by the credit bureau as frivolous, and they will not respond to your dispute. They have done their research, and they know what form letters to look for, and how they are worded. Anyone can clean their own credit reports up. It takes about 15 minutes of research, learning how to become organized, and sending out letters. Those willing to make this small commitment can look at the links I've supplied below. The rest.....I hope you enjoy wasting your money on credit repair companies.
8. finally a smart one !!! Educate yourself some more. You write to the credit bureaus first to "valid". There is a specific method you can mention. Then you wait up to 30 days for a response from them. Then you check for anything older than seven years. And dispute directly with the Credit Agency for removal. Then you attack the Debt Collectors (the fun part) I learned to write an all in one letter (which is how the "repair companies" make their money). It save you two steps and 60 days. You combine the stop calling and only contact will be my mail and any violation of attempting contact other than in writing results in a 1000.00 violation and the validation letter (personalize for each creditor) and the fact that if they choose to place a false judgement before validating the debt that you will exercise your right to sue back. They have 30 days to prove or it gets deleted immediately. All the letters are on this website, read very carefully, WORDING is everything. Especially with Collectors, you don't validate the debt they are collecting for (although I did) but I added Validate that I OWE the Collection Agency (especially if they purchased it - check for Statue of Limiations) because I don't have a signed contract that says I owe them. So read very carefully creditinfocenter com I then placed an add in my local newspaper, I do this for people for 250.00 and I get half up front and half when I did all I could do.
9. Yes you're absolutely correct. 1. credit repair agency disputes all the "bad accounts" 2. creditor doesn't respond 3. account gets deleted. HERE'S THE OTHER PART OF THE STORY: 4. Creditor finally does respond and shows proof that the account is yours--BANG--the "bad account" gets put right back on. I've found some good information here too... http://debt.123thebest.info/credit_card.html Good Luck.