How long does it take to repair credit on your own, as opposed to having someone like careone help?

Public Comments

1. 12 to 18 months of on time payments, is a good start.
2. No company can instantly repair your credit. It'll take about two years of solid on-time payments before you begin to be credit-worthy again. Never go to the "credit repair" places.
3. you can see a change within a year if you follow a budget and pay your bills on time. you can negotiate interest rates with credit cards and do everything a credit counseling service could do. Minus the cost. Just invest some time. Most credit counseling services claim to be non-profit but charge money every month. Also, it looks horrible on your credit report to have a service take care of your bills. do it yourself.
4. I am dealing with this issue with a friend of mine. She and her husband tried to use CareOne a few years back. Unfortunately, they have so much debt that the monthly payments were too high for them - around $400 or so a month for a few years. That was out of their range. If they had that a month, they wouldn't be in the situation they are in. I think Care One is great if you need someone to be responsible for your debt and keep you organized, and if you can afford the monthly payment. If you don't have an excessive amount of debt on your credit report, you can really do it on your own. It also depends on how much debt you have and what type of debt. They can negotiate with credit card companies for lower interest rates that you may not be able to get. With them, it is mostly collection agencies as opposed to credit cards. As far as how long it takes, that depends on how bad your credit is and again, how much debt you have. It could take as little as 6 months or as much as 24+ months.