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#1I have signed up for eCreditAttorney credit repair and will report to the forum on the progress
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09-21-2011, 05:17 PM
I have signed up for eCreditAttorney credit repair and will report to the forum on the progress. For a reasonable monthly fee, they are supposed to religiously hammer the credit reports/creditors with disputes that should lead to some deletions (I hope).
After settling $250k in CC and $400k Foreclosure, I am now out of debt other than one business loan. However, my scores are not great. After dipping to about 475, I am up to 604 and hope to get it much higher.
Feel free to check out my settlement journey over in that forum. dtm
Wish you all the best in your journey toward credit repair!! I'm sure that the credit repair company will definitely take steps to dispute the negative items and help you remove them from your credit report.
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As I'm not a lawyer, I believe that "A lean compromise is better than a fat lawsuit".
Thanks for the kind wishes. I have succeeded in having one deleted on my own...American Express!! A couple of months after I settled it, I noticed the balance was still showing. I called their inhouse collection dept and they agreed to delete it. Now, if I could get that done for the other 11 lol. I would keep disputing on my own but it is too much work. Hopefully, these folks are as diligent as their reviews show they are.
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.