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Credit Repair Specialist
updated: Feb 24, 2014, 8:45 AM

I'm wondering if anyone has any experiences with local area credit repair specialists. It's my understanding that a lot of extremely old credit marks are no longer valid and can/should be removed from one's credit history after a statute, however one misplaced phone call can start the whole thing over again. I'm wanting to clean up my report, but I don't want to shoot myself in the foot. Can anyone recommend a credit repair company/specialist in SB?

Places People Are Talking About:

Santa Barbara Credit Solutions

What People Are Saying:

 COMMENT 497307 agree helpful negative off topic

2014-02-24 09:14 AM

A lot of those types of places are a scam. If you bank at Wells Fargo, for $1 you can sign up for a credit protection package, which gives you a HUGE printout of your 3 credit scores. From there, you can go through and see exactly what is incorrect, and you should attempt to fix it yourself, not with a 3rd party. Good luck, this stuff isn't easy/fun.


 COMMENT 497313P agree helpful negative off topic

2014-02-24 09:30 AM

307 is correct; there are a lot of scam credit repair businesses out there. A recent 60 Minutes report showed just how hard it is to get credit records updated/corrected at the three major credit reporting companies: Experian, Equifax and Transunion. Here's a link to the Federal Trade Commission's page on the subject: http://www.consumer.ftc.gov/articles/0153-choosing-credit-counselor

Good luck!


 COMMENT 497317 agree helpful negative off topic

2014-02-24 09:32 AM

I did it online through each major credit bureau individually. There were all kinds of mistakes from my name and previous addresses to incorrectly associating me to my ex's student loans. But, it wasn't difficult to fix...just time consuming.


 COMMENT 497323 agree helpful negative off topic

2014-02-24 09:43 AM

Request your credit reports from the big three at the official government-authorized website annualcreditreports, and follow the dispute instructions that come with each report. It really is very easy to take care of. Involving a third party to do the same thing for money, and possibly getting hit up for credit consolidation refi's and other financial products will just make it worse, assuming you are reasonably competent.


 COMMENT 497342 agree helpful negative off topic

2014-02-24 10:15 AM

I agree with other posters. I personally signed up for Transunion online so that I can moniter changes, as I've been working on my credit for a couple of years. I think they give you one week or so free and then start charging a monthly fee. For a few months, it's worth it to see the changes.

They have a "dispute" button next to each item listed, and the process is done online. DO THIS FIRST, don't call them! It's very easy. If your creditor cannot produce the original debt within 30 days or has been reporting inaccurate info, they must remove the item from your report. I've seen a few items disappear from my report by doing this. Good luck and work on keeping it clean from here on.


 COMMENT 497365 agree helpful negative off topic

2014-02-24 11:19 AM

Dings to your credit history drop off after seven years and that is the number to concentrate on. Anything longer ago than that cannot be used to dertermine your credit wothiness unless it is a felony like insurance fraud or embezzlement which of course won't show on your credit history, but rather a criminal search. Ask your bank or credit card companies if they have service to help you clean it up!


 COMMENT 497377P agree helpful negative off topic

2014-02-24 11:49 AM

"Time" is the only credit repair. My advice friendly advice; contact one of the major (3) reporting bureau's. Online or the mail, swallow hard and check out how ugly it is. Your credit report will have a "fall off" date of whatever is claimed against you. Maybe it won't be so bad. ANY AGENT OR SERVICE THAT CLAIMS CREDIT REPAIR IS A SCAM.


 COMMENT 497400 agree helpful negative off topic

2014-02-24 01:10 PM

Yes...if they are selling "cleanup credit" as a service, they have to get paid somehow and usually it's from a combination of YOU paying them and a loan company paying them for getting you to sign up for a new "debt consolidation loan", at high rates because your credit is problematic, right? Follow people's directions above...get a copy of your credit report (you are entitled to a free one from each service once a year and you can stagger them so you get one from an agency each 4 months) and clear the negative marks you can, one at a time. Good luck.


 COMMENT 497411 agree helpful negative off topic

2014-02-24 01:39 PM

There is no way to repair your credit. You can correct inaccuracies. That is about it. Time is the biggest help. I filed for Chapter 13 in 2003. I completed the repayment plan in 2006. My credit was devastated (as it should be). I closed any zero balance accounts prior to filing. I review my credit report every 6 months - it speaks the truth. Work with the 3 bureaus. There are a couple of decent credit monitoring agencies out there (the one I used was through Chase Bank) and they report on any new lines of credit, bureau inquiries etc. Other than that, the vagaries of what makes or breaks your credit score are vast - hard to tell whom to believe. As long as I agree with what's on the reports, I feel like I'm taking it as far as I can. Oh and cash is my friend....credit is for houses and cars...neither of which are on my shopping list right now. Good luck.


 COMMENT 497498 agree helpful negative off topic

2014-02-24 06:34 PM

Please contact my friend Denny Cooper at Santa Barbara Credit Solutions. She's a great teacher and coach and will help you evaluate your situation.


 COMMENT 497530P agree helpful negative off topic

2014-02-25 01:43 AM

Best credit repair method......make better financial decisions and live within your means.


 COMMENT 497557 agree helpful negative off topic

2014-02-25 08:00 AM

Plus 1 for Denny Cooper. No pressure to buy any 'product' but very creative with her solutions. It took a couple of years, but following her plan we were able to get scores up & financing on our new home.
@530: excellent advice, but not everyone has that luxury these days...



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