There are four ways to fix your
credit, and here they are, from worst to best:
Worst: Credit Repair
Services
It's tempting to simply pay a company to "do the work for you," but all
credit repair services (that includes law firms) have two dirty little
secrets they don't want you to know. First, because they charge monthly
for their service, they make more money--up to $2,000-- if they
deliberately drag out the process, which is why they often take two or
three years.
Second, you actually wind up doing MORE work than if you did it
yourself. In addition to dozens of forms, the credit repair service
requires YOU to personally choose which items to dispute, how to
dispute them, and you have to constantly send them information that the
credit bureaus send you.
Better: Follow
Instructions From The Credit Bureaus.
This is like the wolf instructing the sheep. The credit bureaus are NOT
your friends. This approach costs nothing, but you get what you pay
for. Don't do it.
Better Still:
Do-It-Yourself
Programs
(Typically A Printed Book, An E-Book, Or An Audio
Program).
There are hundreds of these programs available, but they're out of
date. If you are very organized and have lots of free time available,
the process these books describe will work fairly well. . . eventually.
Best: Credit Repair
Software
There are
several companies that offer credit repair software (not just an
e-book). Although some are rip-offs (clue: unprofessional-looking
websites), many credit repair software products combine the best of all
worlds: simplicity, low price, and fast results. Look for satisfaction
guarantees and a
professional-looking website.
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