The Honest Truth About Credit Repair Companies (continued)

by Vincent Polisi on January 30, 2010

In the prior post, I asked my client exactly what DSI told her they would do for her to repair her credit for the fee of $487, to which she replied, “That they would dispute some charges and raise my credit score.”.

And I replied to her:

“Lovely………and, unfortunately, exactly what I told you. You need credit restoration on steroids and that doesn’t come from paying a company to do disputes for you unfortunately. It takes more than that to fix credit .”

Let me show you the actual hard cost of disputing derogatory accounts:

Nothing, it can be initially done directly on Equifax.com, TransUnion.com and Experian.com
If they are verified or if you are told that your dispute is frivolous, you can then mail a certified return receipt letter to the collection agency or company. This runs about $5 per letter. You also have the exorbitant expense of an envelope and the piece of paper that the letter is written on. And, of course, there is the time you have to spend to print the letter, stuff the envelope and mail it. But, you used to spend that same time paying the actual bill.
If your dispute gets rebuffed AGAIN, then you drop the hammer on them with another letter using either the Debt Validation technique or the 623 method depending on who the account is held with, collection agency or original lender, respectively. Cost? Same as number 2.
And, if none of these techniques works, do you know what to do? And please don’t say, “pay the derogatory account” because that is credit suicide due to refreshing the date of last activity on the account so they report it on you for yet another 7 years (nice, huh?)……the actual answer is to negotiate what is called a “pay for delete”, but then again, you need the script and process on how to do this so you don’t get scammed by the collector (which they will absolutely do if you don’t hold their feet to the fire).

And here’s the kicker, that ONLY addresses your current derogatory accounts. It doesn’t address any current positive accounts that also need attention to boost the score, nor does it address the creation of new positive accounts, generating additional streams of income so you don’t have cash flow interruptions, etc.

In short, and forgive me for being so blunt, but you just paid $487 to put a band-aid on a bullet wound. A credit repair company cannot guarantee you that they can get the items removed and if they don’t, what then?

This is why you need a real solution that will provide you with video training on exactly what to do, how to do it and provide you with the resources (letters, scripts, pitfalls, etc.) necessary so you can take control and no longer be at the mercy of collectors and lenders. We can help you fix credit report issues so that you can move on with your life!

Watch these two videos and listen to the audio and you will know more about true credit restoration than DSI:

http://www.creditrepaircollege.com/7secrets.mov

http://www.creditrepaircollege.com/freecd

http://www.creditrepaircollege.com/a-comprehensive-plan“

And this is what led us to develop Credit Repair College because no company can do for you what you can do when you are empowered with the correct knowledge! We can help you with credit score repair so that you can get your life back on track! Let is teach you how to fix bad credit.

The Honest Truth About Credit Repair Companies (continued)

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