Monday, August 24th, 2009

Paying a company to raise your credit score?

raise your credit score
A A asked:


I remember hearing a while back that there’s some companies you pay that can raise your credit score.

I’ve heard its illegal to do but there’s companies that you can pay to raise your score. What is the deal with this? WHy is it illegal? How is it done?

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This entry was posted on Monday, August 24th, 2009 at 12:00 am and is filed under How To Improve Your Credit Score. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “Paying a company to raise your credit score?”

Landlord Says:
August 25th, 2009 at 11:34 am

They would have to commit fraud to raise your score and both fraud and an accessory to fraud are felonies.

kate Says:
August 25th, 2009 at 6:07 pm

The illegal part is promising people to raise it and charging them $$$$$$$ , then disappearing with the cash but the credit scores don’t change .

FICO and the credit agencies aren’t stupid and they have bazillion dollar computers tracking histories .
The fraud repair companies can’t fake out FICO but suckers pay them $$$$$$$$ anyway .

It is illegal to rip of suckers even if they are retarded enough to give them the $$$$$$$$$$ willingly .

>

Real Estate Guru Says:
August 26th, 2009 at 5:23 pm

its a scam dont fall for it.

1) pay off all debt
2) never close any old accounts like credit cards
3) get a pre paid card like accountnow.com they report to credit beauro & set up automatic bill pay.
4) if you will b using your credit for the home pplace all the bills in your name & pay them on time
5) check your fico score with equifax dispute neg remarks
write a letter to the collections and a contract 4 them to sign stating youll pay in full if they remove tge neg remarks. give it 30-60 days to clear

Todd Says:
August 28th, 2009 at 2:57 pm

Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - freecreditreport.sinfree.net

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