what is your experience with credit rating repair companies?

do they work? are they a rip off. Is it just a case of paying your debts on time and regularly and waiting for your credit rating to get back to normal in the process? or is it bad for life?

Public Comments

1. Seriously...there is no way you can repair your bad credit other than paying it off and building your score up this way. Trust me...I used to work for Mastercard and was one of the things we learned in training. Just pay the minimum payment to your creditors (if you can manage it) they HAVE to accept this or set up a payment plan.If they don't accept it then let them pass you to a debt collector...they don't charge interest (most of em anyway) which means you'll pay it off much quicker. Good Luck to you, I know the feeling too well.
2. if u talk with a GOOD mortgage broker they can help u clean up your credit.
3. if you don't mind doing a little hard work for yourself, you should do it yourself.get your free credit report at www.annualcreditreport.com, you can get all 3 reports for free once a year. most of them will have the phone numbers of the creditors, if not you will have to look them up. just go through each creditor and if there is a discrepancy call them up. if you owe money and want to pay, tell them you want to pay but what kind of discount can they give you. they all will give you a discount if you ask and let you set up pymt arrangements. you will find that there will be creditors that are on one report and not the other, i don't know why that is, but if it needs to be taken care of just do it. i cleaned up my uncles credit report just like i am telling you. it really is best to do it yourself, it is worth the time. after you clean it up it is a good idea to pay for the annual service that gives you access to all 3 of your reports anytime you want and also they will notify you when someone is requesting to view your report. i have read on msn financial page that you should not make any corrections for mispelled names or accounts that are closed but are still on there, that kind of info does not affect your score.
4. You can repair your credit yourself. I once thought about a repair company, but I was pointed to a wonderful website which lists a wealth of information where I was able to research and bring up my credit score on my own. This will be the best website you can find to get help with credit where the information is totally free and the people there true assets!
5. Thye could rip off....repair your credit yourself Step-by-Step Credit Repair Guide http://www.debt-loan-refinance-mortgage-credit.com/category/Step-by-Step-Credit-Repair-Guide.html
6. I have heard bad things about them compnaies. I think the only way you can sort that out, in a way free, you can pay off your accounts in monthly installments for slightly more that the normal amount if the minimum payment.
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