Made a quick search under "Credit Expert" and didn't find any recent postings on this topic so I'll start a new thread. If it has already been covered then just direct us newbies to it. I just received an email from Credit Expert/Credit Manager indicating they are posting the first of two articles on "credit repair." Here's a quote: In the case of credit repair, however, doing it yourself can help you save money and avoid legal problems. Is EXPERIAN via CreditExpert actually promoting "credit repair" now? I thought all of the CRAs have consistently stated that it is impossible to get anything removed from your credit report. It seems their statement here is in direct defiance of their continued public stance against "credit repair." Are we about to see a new explosion of the CRAs promoting "credit repair" in order to sell millions of consumers their special services like Credit Expert? Here's the complete article-- Repairing your credit (Part 1 of 2) When your faucet drips, you call a plumber. When your brakes begin squealing, you take your car to a mechanic. Unless you know exactly what you're doing, you don't attempt to resolve these problems alone. You take the next logical step and hire a professional to do the job for you. In the case of credit repair, however, doing it yourself can help you save money and avoid legal problems. This is the first of two articles on rebuilding damaged credit. Below, we discuss why your creditworthiness can deteriorate, the importance of knowing your financial status and some suggestions for repairing your credit. Next month, we'll explore credit clinics and learn why it's better if you take the initiative and work on resolving credit issues yourself. Reasons behind damaged credit There are a number of causes for a significant decline in a person's previously solid credit history. Some of them - divorce, a catastrophic illness or the loss of a job and the resulting inability to pay bills - cannot be avoided. Others, such as the improper use of credit cards, are preventable. Know your goal - and take the necessary steps to realize it When your credit is damaged, your priority should be twofold: repairing your credit - thereby improving credit scores - and eliminating debt. To succeed, you must take appropriate action: Get to know your credit report. Familiarizing yourself with your credit report is an excellent idea whether or not your credit status is in danger. Before making a large purchase, such as a house or a car, you need to know that your credit report will help and not hinder the transaction. Credit Manager allows you to view your credit report and investigate any credit items at your convenience. Know your net worth, determine a budget - and follow it. Remember, your goal is to repair your credit rating and eliminate debt, not increase it. A monthly financial plan will enable you to ensure that you have adequate funds to pay your bills on time. Even if you are able to pay only the minimum on a bill each month, do so on schedule. Bringing payments up to date and staying current are vital. Don't compound your problems by being late or failing to pay at all. Log in now to see how Credit Manager's budget calculators can help you plan for your future. Use your credit cards with care. There's no need to destroy them or close the accounts- you may find establishing new accounts difficult until your credit improves. However, putting most of them out of reach will force you to stop spending money on "impulse" purchases and buy things only when you have the cash in your pocket or the money in your checking account.
It seems to me that creditexpert is just promoting their service. I don't think this has anything to do with experian..
LKH, There may be many others on this list who agree with you. But I don't. Here is a statement posted on the CreditExpert website- CreditExpert L.L.C. is a wholly-owned subsidiary of Experian. (https://www.creditexpert.com/creditexpert/creditmanager/113_gf_about_exp.jsp) IMHO Experian is talking out of both sides of their A$$...lol. On the one hand their "official" policy is that there is nothing that anyone can do to "repair" their credit, except wait for entries to drop off of their reports. On the other hand, Experian wants to come around through the back door by way of Credit Expert and say, "Here you go. Buy our monthly service and you can begin the process of restoring your credit." They can't have it both ways! Either you can repair your credit, or you can't. The reality is, the CRAs have found that selling credit reports each month, or selling a monthly service like Credit Expert, to Americans trying to correct their screwed-up credit reports is making the Big-3 bureaus billions of dollars. I believe this is an absolute fact. And I believe that the Big-3 are going to begin marketing these new-found services to the mainstream American consumer. That's my opinion. And I encourage others to post theirs here along with yours and mine.
I see nothing in that article about actually "repairing" credit via the methods discussed here. They are talking about reducing debt, making payments on time and using creditexpert to monitor your situation. As I said before, I see this as nothing more than a plug for creditexpert. And as far as talking out both sides of their A**, nothing in that article was any different than what they usually say. They say time, making timely payments and not acquiring further derogatory marks is what helps your credit. They didn't say here that you can dispute and have negatives deleted. Where is the contradiction?
They want "CREDIT REPAIRING COMPANIES" to go BK and fade into the woodwork... They would rather have you do your own work...WHEN THEY TELL YOU NO...YOU WILL JUST QUIT TRYING...
What they don't tell you here is all of this won't do you any good When half of the information reported is false and the other half is misconstrued by both the CRAs and those who read the reports.Another issue is information deciphered as negative which in fact has nothing to do with your credit worhtiness ?
1*They are burning the candle from both ends.They screw up reports then charge to correct what they screwed up. 2*So do I 3*It's more like fact than opinion!
