Comments on: 3rd Party Credit Help: Be Wary. http://blownmortgage.com/2008/04/09/3rd-party-credit-help-be-wary/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Chris http://blownmortgage.com/2008/04/09/3rd-party-credit-help-be-wary/comment-page-1/#comment-12658 Chris Thu, 10 Apr 2008 13:51:10 +0000 http://blownmortgage.com/?p=977#comment-12658 Morgan - I think it's a bit naive to think that Attorneys, while they may take some of the same steps to repair someone's credit, don't get better results. For example, as the owner of a small collection agency, would you respond to a letter from a consumer the same way as you would a letter from an Attorney, on the Attorney's letterhead? My guess is you would take the Attorney's letter much more seriously. <br><br>There are also other benefits associated with a quality credit restoration service related to establishing new lines of credit, financial & legal counseling, etc. <br><br>Going thru the steps of credit restoration on one's own is easy -- getting results isn't. Morgan – I think it's a bit naive to think that Attorneys, while they may take some of the same steps to repair someone's credit, don't get better results. For example, as the owner of a small collection agency, would you respond to a letter from a consumer the same way as you would a letter from an Attorney, on the Attorney's letterhead? My guess is you would take the Attorney's letter much more seriously.

There are also other benefits associated with a quality credit restoration service related to establishing new lines of credit, financial & legal counseling, etc.

Going thru the steps of credit restoration on one's own is easy — getting results isn't.

]]> By: Frank http://blownmortgage.com/2008/04/09/3rd-party-credit-help-be-wary/comment-page-1/#comment-12657 Frank Thu, 10 Apr 2008 09:49:48 +0000 http://blownmortgage.com/?p=977#comment-12657 Sorry you are wrong about 3rd party credit companies. A friend of mine used one, they went through his credit history and for every ding against him they contacted the reporter and requested certain documentation they are legally required to have in order to ding a persons credit. Only about 10% of the people responded with it, and some didnt do it correctly, so almost all the negative things were stricken from his credit report. His score went from ~640 to ~750. It cost him a few hundred dollars. <br><br>You are way off base on this one. Sorry you are wrong about 3rd party credit companies. A friend of mine used one, they went through his credit history and for every ding against him they contacted the reporter and requested certain documentation they are legally required to have in order to ding a persons credit. Only about 10% of the people responded with it, and some didnt do it correctly, so almost all the negative things were stricken from his credit report. His score went from ~640 to ~750. It cost him a few hundred dollars.

You are way off base on this one.

]]> By: Denver Mortgage Lender http://blownmortgage.com/2008/04/09/3rd-party-credit-help-be-wary/comment-page-1/#comment-12656 Denver Mortgage Lender Thu, 10 Apr 2008 01:54:51 +0000 http://blownmortgage.com/?p=977#comment-12656 People should know that accurate information cannot be removed from a credit report unless the creditor requests it be done (stating that it was a mistake). Some creditors are willing to do this in a pay-for-deletion arrangement. These are a bit tricky, so the consumer should do some research prior to executing such an agreement. However, they are often the best way to boost credit score, literally overnight. The deal must be in writing with the creditor, not with the collections agency, as they have no authority to execute such an agreement. It's basically, "I'll pay you this if you'll delete all negative marks on my credit" sort of an arrangement. People should know that accurate information cannot be removed from a credit report unless the creditor requests it be done (stating that it was a mistake). Some creditors are willing to do this in a pay-for-deletion arrangement. These are a bit tricky, so the consumer should do some research prior to executing such an agreement. However, they are often the best way to boost credit score, literally overnight. The deal must be in writing with the creditor, not with the collections agency, as they have no authority to execute such an agreement. It's basically, “I'll pay you this if you'll delete all negative marks on my credit” sort of an arrangement.

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