Is a credit repair service, such as sky blue service for real?

Can they really erase bankrupcy and forclosure off of your credit score in 6 months? We are thinking about sighning up so we can buy a home in 6 months with a low percentage rate, Thanks for your answers!

1) Agreed

2) NO ONE can repair credit. Its a ripoff.

3) These sites are scams. Do not pay them thousands to do anything for you. You can easily do all this yourself !!! Go to your bookstore and get a book called Credit Repair for about $15. It will teach you how to negotiate settlements like a pro. I've seen people settle for as little as 35% of what they owe. And even do the pay on delete (if possible with some bills). Please do not get ripped -off by a scam company. A mortgage company will want to see all creditors paid off, so they can't come back and sue you in the future (which they do). They can garnish wages and go after assets.

4) Truthful information CANNOT be removed from your credit report, period. What these fly-by-night credit repair companies do is charge you a high fee. Then they challenge all the negative information on your report. What happens is the 'bad' information is temporarily removed or it is noted as being challenged while challenge is in process. That TEMPORARILY raises your score and they will show you your new score. Then later it hits you. Your score returns to where it should be when the challenges are satisfied. And you find that out when you try to take out your loan.

5) No, credit repair service will not help you to erase bankruptcy and forclosure, they will not be able to change your track record. But these services called credit repair is such as agency with big and lot of connection so they might able to help you to dispute your credit issues. For summary, here is for credit card repairing services can do - Handle the dispute process. - Handle all of the paperwork - Offer their services to free up your time And what they can't do - Remove accurate items - Stop you to start acting responsibly with your credit in the future. Actually it's not necessary if you can handle and have lot of time to dispute your credit card score by yourself, going to these services will cost you lot of money but someone else will handle all of your problems. And keep in mind that there are many scams out there related to this type of services, many scare story related about credit repairing services, they will charge you with lot of bucks and do nothing, or they will hope your credit going well in the future and have your identity to stole your precious information, so better you act carefully before you deal with. Here for useful information about credit repairing process http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre21.shtm And here is for sky blue services detailed information http://creditratingup.com/credithelp

6) First and foremost, it is good you ask questions before jumping in and assuming that a good deal form any business is really a good deal. Secondly, people are quick to say something is a scam or no one can do this or that without any real research. Just because people don't run around saying how great a service is does not mean its bad. And just because someone runs around posting on the internet that something is a scam, doesn't necessarily mean its so. A real foreclosure, or bankruptcy cannot be removed from anyone's credit profile, unless you reopen the case and prove with new evidence that there was some error in the ruling. Lawyers can reopen cases that have not been dismissed with prejudice. This is basic information, not even getting into legal fanatics. The best thing to do is remove any collections or late payments from your credit profile going forward. If you plan to pay of debt collectors, first request that they send you a letter in writing that they will DELETE the information from your credit profile or put "Paid as Agreed". Without a confirmation in writing, signed by an officer of the corporation, you cannot hold anyone accountable. If you want to learn how to rapidly rebuild your credit, try debtremovaldocs.com by modern data solutions corp. They got a package for just about every debt situation you got, even if you are already in court. They have pre-written documents that will help you defend yourself and win.



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