You can dispute incorrect reporting but can they really erase bad credit from your file?
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Everything credit repair companies do you can do yourself. However, you will need to have the time, patience and know-how to do all of the things that a good credit repair company can do. Not only can they remove negative items from your credit report many times, but they can remove inquiries, remove collections, late payments and greatly increase your credit score. There are a ton of credit repair companies out there so you need to use great caution when deciding which one to use. I would check with the BBB and rip off report to see what kind of info you can find about the companies before you work with them. With time, research and a lot of effort though you can do most or all of the same things they can do and save yourself a nice chunk of money in the process. Best of luck and check out the blog below on credit information.
A site I've used for info in the past ...
http://debt.123thebest.info/credit_card....
Good Luck.
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Credit repair companies can't erase bad credit from your file, if it's accurate and placed on their legally. The advantage of using a credit repair company is that they know the law better than the average citizen. They work on your behalf to dispute your accounts which you can do yourself, but it's a tedious and time-consuming process. Most people would rather pay someone else to do it.
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No, they can't do anything that you can't do yourself.
Log on to www.annualcreditreport.com, which is a site run by the three major reporting agencies. You can access your credit reports for free once per year. Simply dispute all the derogatory records, and the reporting agencies contact the creditors to confirm them. If the creditor doesn't respond in time, the negative goes away. If they do dispute you, you can still put a comment in the file to explain it. (The comment won't affect your credit score, but it shows the creditor you're attentive to your credit when they read the report.)
In the meantime, pay all the debts on time, and pay off higher interest items first. Carry a small balance on the credit cards, never more than a third of the high limit, and only have a couple of cards open. (Having a balance that you pay is, for some reason, good for your credit score.)
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No, they can't and they usually leave you in a bigger puddle of dung when they are through with you.
Contact a local chapter of CCCS. Consumer Credit Counseling Service. It is a non profit organization that will not charge you and work with you to create a budget, work with your creditors and get your debt paid off in a few years.
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Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - freecreditreport.hotusa.org