Summary
Many companies that claim they can fix poor credit record may be nothing more than confidence games. Companies that demand money up front or charge exorbitant rates are probably operating fraudulently. A person should fix their own credit or go through a non-profit agency offering advice.
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Extract
The truth about repairing your credit.
A 1992 POSTING ON THE INTERNET CAUGHT THE eye of Maryland resident Ronald Thomas. The ad offered to clean up Thomas's bad credit record and restore it to good health. Thomas felt frustrated and desperate. The bills and the creditors were starting to annoy him. He needed breathing room, particularly now that he was a new father.
In 1990, he had been a little lavish trying to impress his girlfriend--now his wife--by buying $800 worth of jewelry and borrowing $500 from a bank to pay off the amount he owed to two jewelry stores. On top of that, he quit a job in February 1991, thinking he ...See the full content of this document
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