I have been using this site to help fix my credit. I came across a credit repair agency, and just wanted to hear what they would claim they could do. My credit isn't bad, but my score had gone down, and I knew why. My balances were getting too high, and I had a few inquiries while trying to get a loan.
The man from the company said he could definitely help. I told him I didn't really see what he could do if everything on my report was valid. He said something about "enhancing my positive credit". He wanted $200 just to pull my report and make a plan (which he said was a discount, and I know this is illegal). I paid him $100, and he called me a few days later to say he looked at my report, and that my credit wasn't so bad, but I had collection accounts on there that they could work on getting rid of. I know I had collection accounts in the past, but I hadn't seen them on my reports for a while. He said that they would work to get them off.
and that for $2000 he could help me (which he also claimed was a discount). He was very pushy about it, so I knew something was wrong, so I said I'd get back to him. The next day I emailed him and told him I didn't need his services, and demanded a refund of what I paid him. He got angry, agreed to refund the money, and said he refused to work with a client that thought his company was a scam.
So, my question is, was this guy completely full of BS? Is there some special credit report he saw that I didn't?
By signing up a debt 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 payoff 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.