Q:

Do credit repair companies work?

A:

Quick Answer

While credit repair companies do technically work, they cannot legally do anything that a consumer can't do on his own for free. In addition, there are some credit repair companies that are scams and using illegal tactics.

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Full Answer

Legitimate credit repair companies dispute false information on a consumer credit report in an attempt to get it removed. However, a consumer can easily obtain his own credit report for free once a year at AnnualCreditReport.com, review the information, and dispute any inaccuracies himself. Any disputed information that is verified to be incorrect is removed by the credit bureau within approximately 30 days. If a consumer is overwhelmed or does not have the time to do this himself, a credit repair company may be a solution.

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