Has Anyone Used A Credit Repair Service To Repair Their Credit And Is It A Scam Or Does It Really Work?
Having been in the mortgage business for many years now I can tell you from my experience that there are a few companies that are great and most are scams. First thing you MUST do is find one that LICENSED AND BONDED from the Department of Consumers Affairs. Then you must ask for samples of work. I have a guy I have used for years and every client I have sent to them came back with amazing results. They are an attorneys office which is the best way to go from my experience because any company that uses dispute letters can do EXACTLY the same thing as you can. Also no one will ever know that you used one.
Credit Counseling is Debt Consolidation not credit repair but credit Repair can get rid of that also.
Most of the responses on here are thinking Debt Consolidation not Credit Repair. Credit Repair helps remove negative items from your credit report not consolidate your debt.
How Does Identity Theft Play Into Credit Repair?
Identity theft is the easiest of them all as far as credit repair goes. The law makes it very easy to clean up someone’s credit that is a victim of identity theft. Although the approach is similar when repairing credit normally, there are affidavits that can be added to the dispute in order to quickly and effectively get the identity theft related items deleted.
How Long Does It Take To Repair Your Credit Score?
I’m going to apply as a first-time owner and upon speaking to a mortgager I was told that I had to increase my credit score in order for them to work with me. or have 15% down payment of the home I wish to buy. Does it still take years before the credit score is improved?
How Long Does It Really Take To Repair Credit Or Raise Credit Scores?
The answer is, it depends. Each situation is unique and will determine how long it takes to repair a consumer’s credit or raise their credit score.
For example, a credit repair company may be able to obtain deletion letters for a couple of inaccurate items in as little as 7 to 10 days to help a consumer get a new home loan. Conversely, that same credit repair company may need three to six months to remove old debts that were discharged through bankruptcy but keep reappearing. But, on average, credit repair takes about three months to accomplish the majority of a given result for each client