theartistchick Posted March 21, 2005 Report Share Posted March 21, 2005 Hi Everybody. This is my first post here. I am glad I found you. I have a question about credit repair- I lost my parents recently, inherited their home, and got into financial trouble so I refinanced their free and clear home at a 10.5 percent (yes, I know thats high) My Fico score was about 450, and our own home was in foreclosure so I did this as a "band-aid" till we can get back on our feet ( we own a business which went downhill when I was taking care of my parents) Anyway, I am considering working with a credit repair company that was referred by the lender, so I can get my score up and refinance to something better in a year. I notice here that some of you say NO NO to that- and am wondering why.....- I have to get my scores up, and frankly, have very very little time to do it myself right now. I have to help my husband get our business back up and running and get my parents house rented out now- have any of you had good/bad experien ces with credit repair? Advice? Thanks in advance..... Link to comment Share on other sites More sharing options...
dasani08810 Posted March 21, 2005 Report Share Posted March 21, 2005 I used a place about 2 years ago. I, also, had no time nor knowledge of all the in's and out's to doing it yourself. So I used them to do the preliminary easy stuff while I figured out the game. They do nothing that you can't do yourself; but, I don't think they are bad to use at the beginning to get a head start.However, having said that, don't expect a "personal touch" or anything over and above from them. They just send out form letters for $35/month til you cancel the service. Typically, there is an initial set up fee for about $75 bucks. I wouldn't use any that charge a "per item" fee mainly because there may be a lot of stuff that drops off during the first onslaught of disputes. They can make a lot of money for a piece of paper and a stamp. If you are in a hurry and don't know that much about the game; I think it's a good place to start. But, after a couple of months, they use dwindles and you'll need your own personal touch to get some stuff taken care of. You'll need patience, persistance, and sometimes a little dose of anger helps. You won't get that from anyone else but you. So, if you don't have the time but have a little money, check a few of them out and see what they offer. But, plan on getting rid of them in a couple of months. In the mean time, come back to this board and read, read, read till you can't read anymore; then, read some more! After you get the hang of it, it's almost fun. But then, I'm masochistic too!!! LOL Link to comment Share on other sites More sharing options...
Recommended Posts