What are services normally associated with a credit repair/debt settlement company?

Question

What are services normally associated with a credit repair/debt settlement company?

Answer 1

You have to be careful who you are dealing with and what they will do.

Too many simply collect your money and hold it (after deducting their fees), fail to pay your creditors, trash your credit, then try to settle for less than amount owed.  But many creditors do not fall for that and still pursue court judgments anyway.

Unless they can get you a lower interest loan to pay off your debts, they are not doing anything you could not do yourself for less money.

Answer 2

Avoid credit repair agencies that charge a fee to improve your FICO score by removing negative, but accurate, information from your credit reports. No one can force credit reporting agencies or lenders to remove accurate information from a credit report. Credit repair companies often take your money without delivering what they promise, or provide only temporary improvements of your score, sometimes by removing accurate information that will reappear later

I've found some good information here too...

http://debt.123thebest.info/credit_card....

Best of luck to you.