by Thomas Hawk

Question by sasha1641: Can you really repair ‘bad credit’ on your own, ? How?
A friend has some late payments and some old credit card bills as well as an incorrect item on her credit. How can this be repaired. She does not have the funds for an attorney and those companies that claim to “repair bad credit” are sometimes a scam. Help me to help her.

Best answer:

Answer by mel s
You need to find a non-profit agency if you want outside help. You are right, some companies will rip her off. Consolidate if at all possible, and a friend of mine recently told me that she wrote to all her creditors and told them her problems, and they either lowered her payoff or lowered her rate (except for Sears, they wouldn’t compromise).
My brother had a doctor bill, he went to the hosp. and told them that he would pay it off if they would lower the total and they reduced 50%

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Question by ddausend: Are those credit solutions places really work? What do they actually do? Which company is the best one?
Are those credit solutions places really work? What do they actually do? Which company is the best one?

Best answer:

Answer by JerzyLuver109
NO!! I wouldnt recommend those companies to anyone. They do not help you and will ruin your credit. They start by telling you to pay the fee to start the program, normally a few hundred $ , then they tell you that they will contact your credit card companies and arrange a payment plan. In most cases the company doesnt have to accept the plan, and even if they do it will take a few months for them to do so, leaving your bills unpaid for several months. Which will then place you in collections. (I work at a collection agency, and they do not have to accept the credit solutions monthly offer.) Also when you sign up for one of those programs, it goes on your credit that you did so, (my husband signed up once and when we went to buy our house the loan company informed us the credit solutions is about the same of having a bankrupcy on our credit) Your best bet is to call your credit card companies your self and work out an agreement on repayment. Your cards will all be closed in the fact you will not be able to use them, but most companies will allow you to set up a payment plan, in most cases that is less then what their min payment is. If you have more questions feel free to email me.

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Question by supergirl789: Is there really an easy way to fix your credit?
I have horrible credit and I want to fix it. Are any of these “fix your credit” deals legit?

Best answer:

Answer by connemara
You can consolidate your debt but it will cost you. As for your credit. Only one way. Start paying your bills on time and don’t spend more than you make. No magic answers here, just reality.

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