Is it really true that you can pay a company a fee to erase your bad credit.?
December 13, 2009 by
Filed under erase bad credit
I was driving down the road today and I saw a sign saying that if you pay $250.00 that that company could erase all your bad credit. I just wanted to know is that even possible. Have anyone ever went through a company and had this done?
Its a scam…. dont believe any of it. You can do that on your own over time by paying your bills on time….. Its time and patience…. You’ll notice improvement after 1 year…
Never ever believe any company that says it can erase your bad credit. That is a con. Don’t pay a credit agency to do what you can do yourself. Pay your bills on time. Make more than the minimum payment on your credit card bills each month. If you have collections, call the collections agency, ask what the settlement amount is and pay them off. It takes time, it takes work, but in the end you did it all yourself and you value yourself for what you’ve done. Good luck.
No way can they do that. There’s an old saying, “If it’s too good to be true, then it’s probably not true.”
No. No company can erase bad credit from your record… but there are things that YOU can do for yourself that don’t cost a cent. 1.) You can check your own credit records through experian, equifax and transunion for accuracy and if you see any errors, report them to their respective reporting agencies. 2.) Start rebuilding your own credit by establishing credit (get a secure credit card–or HSBC card)and maintaining this credit in good standing by paying ALL your bills ON TIME and paying higher than the minimum payments. This shows the creditor that you are responsible with the credit that they’ve extended to you. They will be more inclined to INCREASE your credit line. This is a positive on your credit history and will improve your scores. The more open and available credit you have–(not spent), the better it looks on your history. 3.) Payment history is important… keep paying your bills on time and above the minimum payments. Utilize the automatic payments if possible.
The only thing that that company can erase is $250 bucks from your bank.