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Regular Contributor
gtnitright
Posts: 166
Registered: ‎06-03-2013
0

Credit repair costing me $$

Is anyone paying a credit repair agency to assist with your improved Credit or are you doing this on your own? I've been paying them for about 2 yrs but it sounds like you guys are taking care of your credit on your own.
Starting Score : EQ 612 (6-3-13)
Current Score: EQ.707. TU. 734. EX. 687. (10/2014)
Goal Score: 780

Cap1/Discover$300. VS/$750. Loft/$750. Shell Gas card/$800 Cap1/$1k. AmexBCE/$2k. CSP/$5k. BOA Rewards/$5k.

Gardening until Sept 2015
New Member
bobthecreditbuilder123
Posts: 4
Registered: ‎05-23-2013
0

Re: Credit repair costing me $$

Honestly Prissy, I would never go to a credit repair agency. As long as you can sound professional, and know your rights concerning collections... e.g., what can and cannot be accomplished, the legalities concerning how you word your letters, et cetera, I would steer clear of them.

 

That is just my opinion, based off of my experience. (Not personally, but I know that my Father has dished out a ton of money to his CRA, to no avail.)

Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Credit repair costing me $$

A credit repair company can do no more for you than you can yourself.  Actually, they probably can do less than you because legally they are limited to what they can do.

 

I would save your money and use it to pay off debt. 

 

The most it would cost is the cost of a CMRRR and stamps.

Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Credit repair costing me $$


guiness56 wrote:

A credit repair company can do no more for you than you can yourself.  Actually, they probably can do less than you because legally they are limited to what they can do.

 

I would save your money and use it to pay off debt. 

 

The most it would cost is the cost of a CMRRR and stamps.


I agree with this 100%.  Save your money and do it yourself.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Established Contributor
bettercreditguy1
Posts: 760
Registered: ‎02-11-2012
0

Re: Credit repair costing me $$

Once you have made the mistakes, there are no fast or rapid ways to improve. Save your money, pay the past due bills and collections, then focus on paying additional payments to reduce your outstanding current obligations and mortage (if you have them). The faster you pay all of your bills down, the more rapid your scores will improve.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Regular Contributor
gtnitright
Posts: 166
Registered: ‎06-03-2013
0

Re: Credit repair costing me $$

Are there any sample letters that I could review to start my own process of improving my credit ....  ie: baddies, collections, deleting co's.

Starting Score : EQ 612 (6-3-13)
Current Score: EQ.707. TU. 734. EX. 687. (10/2014)
Goal Score: 780

Cap1/Discover$300. VS/$750. Loft/$750. Shell Gas card/$800 Cap1/$1k. AmexBCE/$2k. CSP/$5k. BOA Rewards/$5k.

Gardening until Sept 2015
Super Contributor
enharu
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Credit repair costing me $$


MsPrissy47 wrote:

Are there any sample letters that I could review to start my own process of improving my credit ....  ie: baddies, collections, deleting co's.


http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Q-amp-A-Examples-and-PFD-Success-Stories/...

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/What-Steps-Do-I-Take-Do-I-DV-PFD/td-p/337142

 

You can also find a lot of examples, tutorials, instructions and other related help in the rebuilding section.

If that isn't enough, just google "xxxx letter template" and usually you can find a few useful ones on how your letter should be written.

 

 

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