I learned about a credit repair company from my brother who used them to remove inquiries and deliquent accounts from his credit report in order to raise his score and get a better loan rate for a mortage loan. According to him it worked and only took about 6 months to start seeing improvements on his credit. We live in louisiana and is that really possible? I don't have alot of debt, just old credit cards like Premier, Ochard and cards that don't give out high limits anyway. Should I use this service my credit score the last time I checked was 445. I need to get my credit straight. Any help will be accepted.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.