Credit Repair - Self Help

Do Credit Repair Programs Really Work?

snwbrdr960 asked:

I came across some programs offered by, ex-bankers, ex-credit bureau agents that offer tactics and software that enable you to repair your credit. They claim to be able to create a new credit file. Anyone know if they work? What happens to your old credit file?

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This entry was posted on Monday, November 3rd, 2008 at 9:06 pm and is filed under credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “Do Credit Repair Programs Really Work?”

1. indiana_crank on November 5th, 2008 at 12:13 pm

   These are generally scams. They ask for money up front and they don’t do much. They can’t give you a new credit file or “erase” anything.

2. jacksaw on November 6th, 2008 at 4:21 pm

   99% it will not work

3. melone l on November 8th, 2008 at 5:11 am

   To be frank, they cannot do anything that you cant do on your own. The best thing would be to read the following articles and gain an insight:

   Debt Consolidation - Get Out Of Debt

   How to Hire a Debt Counselor?

   What is Debt Relief?

   Debt Management and Building Wealth

   How to lower your debts?

   How to reduce debt : How to lower your expenses?

   Building Wealth by Reducing Debt

   How to Manage Your Credit Card Debt?

4. Nekret J on November 8th, 2008 at 10:38 am

   The way they ‘create’ a new credit file is typically by creating some variety of fraudulent identity. Then they will take your money and run leaving you with federal charges. A lot of these illegal services can be identified when they ask for money up front which is illegal (see the ftc link).

   One credit service I know and trust is National Consumer Credit Service ( ) They offer a pay for performance option so that you only pay for items they are able to remove or improve on your credit report.

   In addition they have a great Q&A section on credit and credit repair subjects.

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