May 20th, 2009, 01:10 PM
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Type Cast Exception
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Join Date: Apr 2004
Location: Oakland, CA
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I don't suggest any agencies, "credit repair" businesses are almost wholly fraudulent.
Get a credit card through a reputable financial service, make small purchases and pay off your entire balance each month. That's the easiest way to start building it back up. Once you do that secure a loan, such as a car loan or a personal loan for a fairly large purchase, and make your payments timely, or even early. Maintaining good credit standing going forward is the best way to improve your credit score. Make sure you're on top of all your other debts including phone and electric service.
Get your credit report and see what's counting against you. If there's an item of dispute work with the credit reporting agency to straighten it out. You have a right to file a dispute with them, and there's a process to do so (see below FTC link). You don't need to hire someone to do this work for you.
Stay away from any company that claims they can "repair" your credit.
FTC: How to repair your credit yourself
Quote: | The Federal Trade Commission (FTC) says do yourself a favor and save some money, too. Don’t believe these claims: they’re very likely signs of a scam. Indeed, attorneys at the nation’s consumer protection agency say they’ve never seen a legitimate credit repair operation making those claims. The fact is there’s no quick fix for creditworthiness. You can improve your credit report legitimately, but it takes time, a conscious effort, and sticking to a personal debt repayment plan. |
But of course you know this, because you yourself are running such a scam. (See: threads below). Although you might want to take note:
Federal Trade Commission cracks down on 36 'credit repair' operations ...
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medialint.com
"Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way."
- Vonnegut - Cat's Cradle, 1963
Last edited by medialint : May 20th, 2009 at 01:39 PM.
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