should i pay someone to dispute items on my credit report to repair my bad credit?

I am about to graduate from college and I would really like to improve my horrible credit score (541), all of which come from charged off credit cards when I first started college :-( A friend of mine found this guy who she says repaired her credit for about $500 by disputing negative items on her report and getting them removed, which made it alot easier for her to get a new car, and soon she will by buying a house. Should I go to this guy?? Does that stuff really work?? I would like to do it myself, but I wouldn't even know where to start and I would not have the time, especially with work and school... Most of the items on my report are 2-3 years old... I need advice!! Please help me improve from a 541...

Public Comments

1. You can remove *inaccurate* information from your credit report. From your post it sounds like the negative items are accurate, so they wouldn't be taken off unless the credit card companies failed to respond. Linking to a website that has a free ebook on credit repair; suggest you read it.
2. Go to www.ConsumerAction.gov and order the 2007 edition of the Consumer Action Handbook. It will tell you everything you need to know about removing items from your credit.
3. Yes, these type of companies can indeed help repair your credit. Just be cautious of the one you choose. Personally, I would NOT pay the entire fee up front....Make a reasonable pmt upfront, and monthly pmts as your credit report is being worked on. I am in the real estate business and have also been in the mortgage lending business with Wells Fargo....If you would like a good suggestion of a reputable company please email me, I'll be glad to share what I know! You can reach me at kim_remax@yahoo.com THANKS! Kim
4. I wouldn't pay anyone a flat fee for repairing credit. Once they have their money what is their incentive for staying on the job until it is finished? I also wouldn't pay a company a monthly fee. What is their incentive to EVER finish the job. The trick is finding a credit repair company that is reputable - and there are a lot out there. But I wouldn't pay anyone a flat fee or choose a credit repair company that sends out dispute letters on my behalf. The CRA's, by law, do not have to even OPEN letters from a third party. You can email me and I can point you in the right direction if you wish. Good luck!
5. you can do the sdame thing yourself.all it will cost you will be cost of return receipt registered mail.and it dont neccessarily raise your score.go to www.annualcreditreport.com,get copies of your credit reports and it also tells how to dispute items on there.
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