*Loan,banking and credit>>>credit repair

How do i repair my Credit?

how to do list

As always, I urge caution when doing this. If you are looking for a quick restoration because you are trying to obtain a mortgage or some type of loan, then use a credit restoration company. There are ONLY THREE in the United States. There are plenty of do-it-yourself kits out there but that is like trying to repair a car using a Car Repair for Dummies book. You will have limited results. I have read many posts from people saying you should ask for guarantees. If you get a guarantee for anything other than your money back if the job doesn't get done, then run away. The law states that NO credit restoration company can offer any guarantees about performance or attainment of certain credit scores.

Now, about telling the difference between scams and legitimate organizations, here is an article I posted in my blog.

From my blog:

The TRUTH about Credit Repair: Aren't They All Scams or Illegal?
This topic is a really hot one right now. People are falling victim to so many scam artists out there who are taking people's money and offering false hope. There ARE legitimate credit restoration companies out there. But that is the key right there; restoration versus repair. Generally speaking, credit repair is a scam and credit restoration is legit. Does this mean all credit repair offers are scams and all credit restoration offers are legit? NO! It is up to you to do the research. If you can't do the bare minimum to protect yourself, then don't come crying to me if you are taken for all of your money. But, to help you determine the scams from the legits, here are 10 tips on how to tell the difference:

1: If they advertise that they will repair your credit in anything less than 18 months, you are not dealing with a legal company. The LAW requires that any credit restoration agency cannot advertise or represent that they can restore or repair your credit in less than 18 months. (Remember this number, it is going to come up again later.)

2: Check on how long the company has been in business. If they have been around for more than 10 years, you are probably dealing with a reputable company. (Honestly, there are really only three that are recognised as legitimate in the United States.) In a future article I will discuss them in more detail.

3: Do your due dilligence. Check with the BBB. The BBB will provide an unbiased report of how many complaints have been filed against the company in the previous three years. There are two things that you want to consider here. First, if there are more than a dozen complaints over the previous three year period, then this company has serious issues and you should be concerned. Also, if the BBB has no file at all on the business, just walk away from the business. Anyone who is hiding from the BBB should be looked upon with suspicion.

4: Ask for pricing when talking to one of their reps. If they hem and haw about what they charge, or say that it depends on how much they have to remove from your report, they are hiding something from you. A good rule of thumb, if the rep is unwilling to answer any question of yours up front and with honesty, you are not dealing with a legitimate company. This does not mean that if the rep states that they will answer the question in a moment, that they are hiding something. It just means that they are getting there and just need to lay a little groundwork first. Remember, reps are all salespersons. They are there to sell you their service. This is good, believe it or not. This encourages competition in the business and keeps costs down. (Which reminds me: DON'T PAY MORE THAN $1000 PER PERSON FOR THE SERVICE.)

5: Ask if the company is licensed, bonded and insurred. Ask for proof. If they will not show you their business license (which can only be obtained AFTER they have purchased their bond and insurance) this should raise alarm bells.

6: Ask for examples of successes the company has had. A legitimate company will have copies of investigation results (with personal information blacked out of course) that will show you how successful they can be.

7: How long are they going to work for you? Yes, that's right, remember that these companies work FOR you. If they are just going to maintain a business relationship with you for the length of time it takes to repair your credit, beware. What often happens in these cases is that after the company has cleared negative information from your credit report they sever their relationship with you and a couple of months later the information returns to your credit report. Now what are you going to do? Your options are to leave the negative information and suffer for 7-10 years or hire someone, again, to remove the information, again. A reputable company will stay with you for the FULL 18 months (I told you this number would come up again). This allows them to continuously monitor your credit reports and remove any negative that may re-insert itself after the initial sanitizing.

8: What other services do they offer? If they are a legitimate company, they will have rescources that will help you to re-establish yourself in the financial world. Things like the ability to help obtain a debit card even if you can't open a checking or savings account. (Yes, believe it or not, it can be done!) Can you call their credit advisors any time for advice? Is legal representation available if you have to go to court against the credit reporting agencies? ASK! If the company is letgitimate, they will have a team of lawyers that will handle these kinds of legal matters for the duration of your contract.

9: Does their contract advise you of your rights? If not, why? Because they don't know the laws! And if they don't know the laws that are designed to protect you, how can you expect them to know the complexities of the Fair Credit Reporting Act which has 340 different laws?

10: Is there a money back guarantee? In this business refunds are usually prorated. In other words, if you have 50 negative things on your reports and they can only have 30 removed, you are refunded 40% of your money since they were able to get 60% of the information removed. If there is no money back offer, run away! A company that has faith in their services will offer to refund the money if they can't do the work.

I hope this information helps people out there who are confused about credit restoration programs. Source(s): I am a professional credit advisor.
http://creditconcerns.blogspot.com/... (my humble blog)

Well it depends what problems you are having,

for me it was all about....

Stop using your credit cards and just use a debit card, and focus on paying down your debt as much as you can each month, without closing out cards. Eventually your debt utilization ratio will drop which will help your credit score.
0. Look at your credit report - get free copies from all 3 agencies at www.annualcreditreport.com - don't go anywhere else - this is the only official free site
1. If there are bona fide wrong things on your credit report, dispute them directly with the credit reporting agencies
2. Make payments on time, and work down your balances
3. Consolidate your credit lines onto those with the lowest rates - cancel the other ones to avoid the temptation of using them
4. Use your existing credit responsibly to build a better track record over time
Ultimately, you'll need to be patient - negative items can stay on your credit report for 7 years.
Pay all your bills on time, all the time.

Use only a part of the available credit you already have - less than half if possible

Do not apply for new credit and keep your current accounts open

After six months to a year, you should see your credit score start to rise.
http://www.credit-yourself.com/credit-sc...
I used these guys. They were great! Try them.

www.nwbusinessadvisors.com