margmeeze: I’ve heard about ppl who will “fix your credit score”, is this legit?
A few people I know have told me that they have a “legal” way to improve credit scores anywhere from 50-100 pts for around $ 500, and for around $ 3000 you can get a whole new credit report, and this is all legal and in a sort of “gray area”. I was wondering if anyone knew what this was exactly? how it’s done, and how this is possibly legal??? Thanks a bunch!
Answers and Views:
Answer by Golden
basically, you transfer your debt to them for a higher interest rate.
Yes there are some agencies that make that claim, but like snake oil salesment, there are some that will raise your score illegaly only to have it come back and bite you on the ass twice as bad.
Avoid credit repair agencies that charge a fee to improve your FICO score by removing negative, but accurate, information from your credit reports. No one can force credit reporting agencies or lenders to remove accurate information from a credit report. Credit repair companies often take your money without delivering what they promise, or provide only temporary improvements of your score, sometimes by removing accurate information that will reappear later.
Before you take the plunge, make sure to check them out with your state attorney generals office as well as the FTC.
Hope this answers your question
LEGAL DISCLAIMER: The advice contained herein is for informational purposes only. It is not to be construed as Legal Counsel nor Legal Advice.
Yes, credit fixing (or credit repair) works fine. Try this one –
They disputed and cleaned off lots of bad items from my credit report. So my score go up very fast.
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