Your Questions About Credit Repair Forum
Joseph asks…
Which is the all-time biggest/best credit repair forum currently?
i need to fix my credit and i am overwelmed with all the stuff i have to do.
Joe answers:
There are lots of credit forums out there, some of the best are:
www.creditnet.com
www.creditinfocenter.com
www.creditboards.com
www.archercredit.net
I think creditnet.com is the best for do it yourself credit repair, but choose for yourself.
Richard asks…
How can i find best forums with high pr sites with key words credit repair bad credit credit score ?
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bad credit
fix your credit
fix my credit
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repair bad credit
improve credit score
increase credit score
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Joe answers:
This blog has links to some good advice!
Http://700tobe.blogspot.com/
Thomas asks…
Credit repair solutions… Help!?
After going through a divorce almost 4 years ago, I stopped paying on at least 4 or 5 credit cards. I’ve never paid a dime since, and they have killed my credit.
If I offer a settlement with each one individually, what are the chances they will accept? What percent of the original debt would be good offer?
Also, if they accept the settlement, will it be removed from my credit, and my rating go back up? The damage has already been done, so I really don’t want to go this route if it is not going to help. In a few years it should be gone from my report anyway, I think.
Any suggestions/advice will be greatly appreciated as I realize this was one of the worst mistakes I ever made in my life.
Are there any good credit/debt internet forums out there?
Joe answers:
I used to work for a credit repair company and can offer you some suggestions.
1) DO NOT offer them a settlement. If you have not made payment in 4-5 years, they are considered old trade lines and are not affecting your credit rating at this point as much as you might think. If you offer them a settlement, you will verify the negative account, thus bringing it to current negative status instead of old.
2) Pull your credit and make sure you pull a tri-merge report. This gives you information from all 3 bureas (TransUnion, Experian and Equifax). You will likely see duplicates b/c if company A can’t collect from you after 6 months or so, they sell your account to company B. Then if company B can’t, they sell it to company C. So, you may have the same debt listed on there, as negative, 3 times.
3) Begin disputing ALL negative items on your report. Do some “googling” and find terminology for disputing negative accounts. Bureaus have 30 days to investigate your dispute and deem it valid or invalid. If the companies can’t verify things, then they have to remove it from your credit report. Now, this isn’t to say that 6 months later they can’t put it back on there if it is valid, but for something 4 or 5 years old, it’s highly unlikely. And keep in mind, once an item on your report is 7 years old, you can request it be removed.
4) Begin rebuilding your credit. Get a secured credit card. NEVER have more than 1/3 of your limit charged on it. And don’t immediately pay it off. Example: You get a $300 secured card. Charge $100 on it. When the bill comes, pay $50 and the next month, pay the rest. Continue doing this for about 4-6 months and you will see a great improvement in your score. If you can afford to get 2 or 3 secured cards, even better.
Feel free to contact me if you have questions!
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