When most people hear the words "credit repair" they almost automatically think of a scam. I recently received a call from a client. He told me how he had spent over $1,500 with two other credit repair companies. His score is currently in the 500's.
He felt like he had been scammed. So many companies make promises that they can delete bankruptcies, judgements, and negative credit. It's not hard to put out a sign and claim to be an expert in credit repair. However, if you don't understand how credit works, you may be making the problem worse instead of better. Most people just don't understand the rules of the credit game.
Anyone can bombard the CRA's (credit reporting agencies) with dispute letters. They might even get lucky and have some of the negatives removed. Your credit score, is unfortunately, a game, with some self-appointed powers that be making up the rules as they go along. Oftentimes, the rules change. Most people don't even know that negative credit only makes up 35% of your credit score. Which means, you have 65% to focus on positive credit.
Don't go into the credit repair game with high hopes and lots of cash. You may be disappointed, unless you can find a true educator who can guide you through the murky waters and help you with true credit improvement.
