Credit Repair Information

Happyfacenowadays asked:


If you have used a company to pay off your credit cards please tell me which ones are the best and if it really works. Examples would be great. Like say I have 4 cards that add up to 5,000 dollars what would be the monthly payment and stuff

ROBB

soonerfan0808 asked:


I am trying to raise my credit score quickly. Right now I am at 593-around 650 depending on agency. So, by paying off the 5 credit cards that I currently have(some with amounts ranging from 1,500-2,500), should that raise my credit score a great deal? If not, will a credit repair company help or are they just a scam?

HANKS

Nik asked:


What is the benefit of using debt consolidation for credit card debt? I am trying to decide to either call the credit card companies myself and negotiate for a lower payoff/settlement amount, or to use a debt consolidation company? If I negotiate with the credit cards directly, will that be considered a charge off? I would want to settle myself if I can to avoid paying all the months of high interest. But if I use debt consolidation, then they will charge me a fee every month for so many years? What is their purpose? What would be the best route to go financially?

POTTS

Michael C asked:


you know those services that let you take your credit cards and consolidate the balance? They negotiate with your creditors so that you can make one consolidated payment, and eventually climb out of debt. What’s the best service for this out there? I realize it stays on your credit report for like 7 years, but that’s life.

SAUNDERS

Melanie B asked:


I’ve never had a credit card (although my credit sucks) and heard they’re a great way to repair credit. Any tips?

KREBS

REFERJOHN asked:


would like to consolidate my 5 credit cards @ $21,480 total debit, paying out $705 per month in total to these 5 cards.

HILLS

Shawn asked:


I have 1200 bucks worth of credit cards that I’ve been paying on but I lost my job and can’t afford the payments anymore…is there anyway to get this small of a loan to help me out?

TEEL

knikya asked:


Where can I get a free credit report on-line like today?
Does it cost to file for bankruptcy? And how does it help u if u file? Can u still get credit cards?

TABER

mtvdept2000 asked:


i was thinking of paying credit cards off because of collections. Should i use a credit card consolidation company to pay them all off and have only one payment and avoid bankruptcy?

LOVELL

anon in idaho asked:


If I did that would that stop the creditors from calling me and my family by daily harassesing us for when they are going to get their money? Would it help?Could it work? Have other people put all of their credit cards under them or something similar? Did the calls stop afterwards?

KUYKENDALL