Is it good to do credit repair through an agent or try to work it out on your own?

Public Comments

1. Don't waste money paying someone else to do what you can do for yourself. Get a copy of your credit report (AnnualCreditReport.com). If there are errors, dispute them with the credit bureau. If you have derogatory items, work on settlement starting with the newest and work back to the oldest. Ask for delete for pay -- some will, some won't. The older the debt, the more likely they will settle for a small amount. Lump sum gets the best deals. Payment plans have to be short term. Get any settlement agreement in writing and don't give them direct access to your bank account. Paying off old debt will not improve your score, unless you get the item deleted. The damage is already done. But paid old debt looks better than unpaid. You will need at least 24 months of consistent, on time payment history to see your score improve. There is no magic wand or secret formula.
2. It depends on how much you know about the credit industry. I am an agent. I repair and destroy credit. Attach assets, file law suits, credit counsel...you name it. You can find more info here: http://debt.knowledged.info/credit_card.html Hope that helps.