Article Launched: 06/08/2008 01:35:10 AM PDT
Picture this: You're eager to take advantage of today's troubled real estate market and buy a foreclosed house at a fire-sale price.
The problem is you don't have much money for a down payment. And your credit files are scuffed up with late payments.
What you need is a service that can help put it all together for you - linking you into lists of available foreclosures, credit repair, and even low-down-payment mortgage financing.
Companies that promise to do at least some of these things - especially to fix your credit - ply their wares aggressively on the Internet. But can they really do what they claim to? Based on a recent settlement by the Federal Trade Commission, the only conclusion is: If the deal involves paying money upfront, don't do it. ...
The problem is you don't have much money for a down payment. And your credit files are scuffed up with late payments.
What you need is a service that can help put it all together for you - linking you into lists of available foreclosures, credit repair, and even low-down-payment mortgage financing.
Companies that promise to do at least some of these things - especially to fix your credit - ply their wares aggressively on the Internet. But can they really do what they claim to? Based on a recent settlement by the Federal Trade Commission, the only conclusion is: If the deal involves paying money upfront, don't do it. ...
2 comments:
I know that many people are wary of credit repair services, but I actually had a pretty great results. I found this company through a friend called Finiv Credit, and they were really nice and really helpful. I started seeing results in just a little over a month. My scores went from 530s to almost 600, and they still still have a little over 5 months to go!
Hi, My name is Carl Bennet, I work for BCR Consulting a new credit repair firm. We are trying to change the FTC bad opinions about credit repair companies, if you read our service contact you'll see that maybe we stand a good chance.
You can download it from here
http://www.bcrconsulting.us/assets/Contract%20Generic%20BCR%20Consulting.doc
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