Don't Use a Credit Repair Company;
DO IT YOURSELF!

You can repair your credit yourself -- and save hundreds or even thousands of dollars.
You've probably seen ads for companies that claim they can fix your credit, qualify you for a loan or get you a credit card. Their pitches are tempting, especially if your credit is bad and you desperately want to buy a new car or house.
You should avoid these outfits, because many of their practices are illegal. Some have been caught stealing the credit files or Social Security numbers and substituting these for the files of people with poor credit histories.
But even assuming that the credit repair company is legitimate, don't listen to its come-ons. These companies can't do anything for you that you can't do yourself. What they will do, however, is charge you between $150 up to $5,000 for their needless services. Some will even charge you $59.99 per month, guess what! They have a vested interest in making sure you never get your credit 100% fixed, because they will stop getting their monthly residual.  Take the following advice:

If you want something done right, DO IT YOURSELF!

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THE INFORMATION IN THE KOOB-E.COM CREDIT REPAIR MANUAL, WILL EXPLAIN ALL THIS IN GREAT DETAIL TO YOU, SO YOU DON’T HAVE TO WASTE YOUR TIME AND MONEY WITH A CREDIT REPAIR COMPANY.

Here's what credit repair clinics claim to be able to do for you:

Remove incorrect information from your credit file. You can do that yourself under the Fair Credit Reporting Act.
Remove correct, but negative, information from your credit file.

• Negative items in your credit file can legally stay there for seven or ten years (depending on the type of information), as long as they are correct. No person or company can wave a wand and make them go away.
• One tactic of credit repair services is to try and take advantage of the law requiring credit bureaus to verify information if the customer disputes it.
• Credit repair clinics do this by challenging every item in a credit file -- negative, positive or neutral -- with the hope of overwhelming the credit bureau into removing information without verifying it.
• Credit bureaus are aware of this tactic and often dismiss these challenges on the ground that they are frivolous, which is a right credit bureaus have under the Fair Credit Reporting Act.
• Even if the credit bureau removes information that a credit bureau had the right to include in your file, it's no doubt only a short-term removal. Most correct information reappears after 30-60 days when the creditor that first reported the information to the credit bureaus re-reports it.

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Get outstanding debt balances and court judgments removed from your credit file. Credit repair clinics often advise debtors to pay outstanding debts if the creditor agrees to remove the negative information from your credit file. This is certainly a negotiation tactic you want to consider, but you don't need to pay a credit repair clinic for this advice.
Get you a major credit card. Credit repair clinics can give you a list of banks that offer secured credit cards. While this information is helpful in rebuilding credit, it's not worth hundreds or thousands of dollars -- you can find this information yourself for little or nothing.
Many states and the federal government regulate for-profit credit repair clinics, or even prohibit them from doing business. Some dubious credit repair clinics have tried to get around these regulations by setting themselves up as nonprofits, but still take your money and provide poor results. Before using any organization that claims to be a nonprofit, carefully check the company's fees, claims of what it can do and its reputation. Call the Better Business Bureau or ask for the names of satisfied customers.