Credit Repair - Fayetteville,GA

Updated on October 26, 2010
J.S. asks from Fayetteville, GA
14 answers

Is anyone fimilar with ways to repair credit scores? I made alot of bad decisions as a teen, and now I am paying for it. I have some outstanding celluar debts, and medical bills. I want to to start repairing my credit so that I purchase a home in the next two years. I don't have the money to just "Pay" everyone, and alot of the stuff on my credit, appears to be much more than I remember owing. Any advise?

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D.L.

answers from Atlanta on

The first thing I would do is to find out what Dave Ramsey says! He is excellent and I wish I started he's program while I was younger. Good luck. A grandma.

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M.M.

answers from Charleston on

Hi J.,

I actually had a client two years ago who had terrible credit and could not get approved for a home. She worked with Brad Polin, with Coastal Lending Team, and he was able to give her the best advice, which she followed. A year later, she was able to purchase a home and was so excited. I don't remember having to pay him anything, but she did end up getting her mortgage loan with him. His contact info is:
Brad Polin
The Coastal Lending Team
Senior Mortgage Loan Consultant
Cell ###-###-####
www.fscrllc.com

I hope this helps and I wish you the best!
M.

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S.L.

answers from Atlanta on

Be careful about this. I personally have gone through CCCS to pay off bills and when we went to buy a house they considered CCCS as much of a problem as if we had filed bankruptcy ch.13. We did still get the house but it was difficult and it was back when they were giving loans out left and right to anyone.

Time and making payments on time now will be the only way to repair your credit. Do not use any company that requires you to pay them a fee either up front or monthly and they promise to pay your bills for them. Speak directly with your creditors and you will be surprised and what they might offer you. We have made settlements only paying half the bill and other's have waived late fees and over limit fees and reduced interests from 20 down to 3% for us.

As far as medical bills go, call them and negotiate. I worked at Wellstar billing dept several years ago and there were several financial aid programs available to people and all they had to do was fill out some simple forms.

Good luck!

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B.F.

answers from Atlanta on

If your medical bills are at a not-for-profit hospital, some offerwhat they call a charity write-off or discount based on income and assets. I ued o worka t a hospital in Arkansas that did this. It might be worth looking into. Also, if there are items on your creditreport that you don't recognize, you can send a letter to the creditor and dispute it. They then have a limited amount of time to prove you owe it or they have to remove it from your credit report. I think you have to write them twice 30 days apart then give them another 30 days for a total of 60 days. Not really sure but it is worth checking into. My husband did this and got 2 or 3 items removed from his credit report. Sometimes even if you really owe it they just don't want to take the time to review it and just take it off if it isn't a large amount. Also some companies will work with you and stop or remove late fees if you call and negotiate with them.

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T.D.

answers from Columbia on

Is it stuff that has already been sent to a collection agency?? If so the collection agency bought that debt for pennies on the dollar from the original company that you owed money too. So any money they receive is income to them.

Get all the collection companies address and write them instead of calling. They are tricky to deal with over the phone. I would get them to give you proof of the debt. A lot of times they don't get that information from the original company they bought the debt from. If they can't come up with this information then they have to drop the debt from your credit report. You can even file a dispute with all 3 credit bureaus first and have the 3 credit bureaus request from the collection agencies proof. If they do have proof then negotiate. Never pay the "full" amount you owe. Negotiate for a smaller amount, say 60% or less (I would even say 30%) of what is owed. Always get everything in writing to keep a paper trail. And most IMPORTANT of all is if you agree to pay, make sure they agree to remove this bad debt from your credit report! IF they don't then don't pay, then all your work will have been done in vain because you still won't be able to buy that house.

I am speaking from experience. My husband had a collection account of $48,000 and we were denied from buying a house. I fought the collection agency because they didn't have any proof he owed this. So the whole thing was removed from his all 3 credit reports and we have been living in our new home for 1 1/2 years.

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C.A.

answers from Atlanta on

I would NOT go with a company to settle your debt. Even though they "claim" they can reapir your credit and so forth what they don't tell you is that when they call these places to "settle" for a certain amount it shows up on your credit report anyways-and sometimes looks worse than what you had before!!! Call these debtors yourself and work something out. I would first get the "proof" that you owe it before discussing any type of payment with them. Once you have reveiwed it and recognized the debt is indeed yours then of course work out some arrangements with them. Some places you may have already paid in full too but because they are incompentant reported it to your credit report when really you paid it-but you are gonna have to have proof of that. Oh also make sure you get it ALL in writing as far as any agreements done. There are scammers out there that promise on a certain amount and so you pay it but then they try to come back and say they never said anything of the sort-get it in writing. They shouldn't have a problem putting it in writing if they are "honestly" trying to work with you in paying the debt off.

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J.I.

answers from Savannah on

i have worked in credit & collections for 12 yrs. I would be glad to help you clear up your credit report. Its not as hard as you may think. If interested email me:

[email protected]____.com

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A.J.

answers from Indianapolis on

My husband is a really good source to ask any questions you may have about improving your credit. He used to own a non-profit Hud approved credit counseling agency and helped so many with their loan modifications, home buying, and credit problems. Currently he is a licensed mortgage broker as well as a credit repair agent for a company called Financial Education Services. You can simply call him or email him if you like about any questions you may have. He's really knowledgeable and super helpful and kind. He loves to help people :)

Here is his contact information:
[email protected]____.com
###-###-####

His name is AJ

Best of luck to you!

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C.A.

answers from Atlanta on

we used a company called lexington law firm and they were great.they write to all of your creditors on your behalf and if the creditors do not reply to the letters in a certain time frame, then the neg on your credit get dropped. they really helped us out. good luck~

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D.H.

answers from Atlanta on

( CCC) Consumer Credit Counseling. I would call them immediately and set up an appointment/interview. Sometimes, they can get things reduced as well as take off past interest.

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V.E.

answers from Atlanta on

You should contact each creditor that you owe and see what you can work out yourself. They have added late charges and probably penalties on to the balances. Sometimes with payment of an agreed amount they will remove this bad credit from your credit file. If that doesn't work you may contact Consumer Credit Counseling and see if they can help. I would never consider buying a house or taking on more credit before paying off what is already owed. V.

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B.F.

answers from Atlanta on

Hi J.
First of all, do NOT do any of those credit counseling services, many of them are EXTREME rip offs and will create a bigger mess than what you are in already.

Try listening to Dave Ramsey on AM radio. He has a book called the TOTAL MONEY MAKEOVER... and a website daveramsey.com This guy is awesome...he's been there done that and survived and is now a millionaire. Please dont think this is going to happen overnight... it wont.

I just filed bankruptcy which will destroy my credit for 7 years... the only reason i did it was because I have a really crappy husband that left me when i was 8 months pregnant.. we were severly in debt and everything was in my name. Well, you already know... you cant be a new mom and work two jobs to try to survive.. so i just had to let everything go... now im barely making it still on my own with medical bills and such.. but at least his baggage isnt weighing me down. I know though.. it will be a long process but ill make it out eventually... takes time... I really think you will enjoy dave ramsey and you can hear his show online. Please trust me. Ive been there!!!

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M.W.

answers from Columbia on

I would recommend going to aaacreditguide.com and read read read. Do NOT contact the creditors by phone at all. If you do contact them do so via usps mail and request confirmation, they are sneaky and will say that you never contacted them etc. I would really read that site and see how to do some credit repair on your own, I have done a bit on my own and it's worth it. Good luck!

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S.B.

answers from Atlanta on

There are a lot of scammers out there, so be careful. I suggest going to Consumer Credit Counseling Service. They are a legitimate non-profit organization and they will work with you. It will take a while, but it is something you can do - good luck to you!

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