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Is Instant Credit Repair Legal

Are credit repair organizations legal? Are there other strategies for instant credit repair?

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 ---Johnney on 7/7/08
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yes many other ways to repair credit yes they are legal organizations are legal they are here to help us get out of debt some places help get our payments lowered and less to pay yes they are legal
---andy on 7/11/08


Credit repair organizations are legal but often not the best choice in repairing credit. It is of best value to equip yourself with the knowledge you need to know how to handle credit problems. As a Financial and Tax Advisor myself, I have been to several financial seminars, none of them perfect. However, I would rather pay $100.00 to attend Dave Ramsey's Financial Peace University and be fully equipped than $1000.00 for someone else to do credit repair which you can do yourself.
---Ron on 7/10/08


I can see no reasons why they are not legal. Certainly having good credit is an important indicator of a Christian's testimony. Unless the organization is breaking laws in some way.
---Frank on 7/10/08


There isn't anything wrong in getting your credit back in order. Just learn from the mistake you made and not redo it. Put your trust and faith in God to supply all of your needs according to his riches in Glory. The "key" is needs not wants. He wants us to have the desires of our hearts but sometimes we are given little first to see how well we will manage what is given to us. As we show that we are trustworthy and are going to be good stewards with what we have we will be given more. We are His children and He wants us to have the very best. He will provide the means as He sees the need.
---Marilyn on 7/10/08


Paula,
Yes,I Think It Is Legal And Yes There Is Stragetic For That!
Elizabeth
---Elizabeth on 7/10/08




Even if they are legal and can quick-fix your debt problem, you need to deal with what makes you able to get into debt.

It's like how it's not enough just to knock off excess weight, for your image.

You might cut the debt, but you need to change from the unhealthy ways of living which do not only cause debt but are in other ways not good for you. And get healed and corrected by God about what molests you to spend foolishly and vainly, and discover how God cares for you, "casting all your care upon Him, for He cares for you." (1 Peter 5:7) And enjoy Him in His peace (Colossians 3:15) with satisfying self-control.
---Bill_bila5659 on 7/10/08


No it isn't illegel. After my dad got re-married and him and his wife consoldiated all their credit cards into one with a credit repair organization, and it has helped them out a whole lot. They have good credit now. Your future credit will not be ruined if you pay your payment each month on time. There is no point in praying about being in debt when it is your fault. But that is the way it is. People buy this and that then later on can't afford the payments then run and cry to God to get them out. God didn't sign your name saying you'll make those payments. You did. Learn to spend your money wisely and watch what you spend.
---Rebecca_D on 7/9/08


Credit repair isn't illegal. We just have to be careful who to go to if we need to repair or credit. Go to Christ. He will tell you if you could repair your credit or not. He could also repair it Himself. You just need Faith.
---antoa7855 on 7/8/08


They may be legal, but not always good for you. What most of them do is simply negotiate with the credit card company for a lower rate and charge you for it. But, the downside is this, you're credit for future purcases and loans will be ruined. The credit card companies may, at some date restore your use of the card, but with strict restrictions, but to get a loan or mortage may not be so easy. The only stategies I know are to not spend if you can't pay. If you have problems paying now, call the credit card company and negotiate with them for a better rate or even smaller payments. However, if you do this, stop using the card.
---wivv on 7/8/08


INSTANT CREDIT REPAIR = Six months of paying your bills on time. Stop eating out. Disconnect cable television and computer. Credit repair does not involve "instant gratification."
---SusieB on 7/7/08




Instant credit repair strategies.

Pay your bills.
Do not incur debts if you can't pay them back.

Going bankrupt on your part does not constitute an emergency on the banks' part to ever give you a loan again.

Remember, after going bankrupt - it's a federal offense to lie on a loan application when you have to answer....

"Have you ever went bankrupt?", and why?
---Elder on 7/7/08


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