Does credit repiar companys really work?
Get a copy of the 2007 Consumer Action Handbook www.Consumer Action.gov and read it.
I quote “Credit repair companies advertise that they can erase bad credit for a hefty fee. Don’t believe it”.
Under the Credit Repair Organizations Act, credit repair companies can’t require you to pay until they have completed the promised services. They must also give you a copy of the “Consumer Credit File Rights Under State and Federal Law” before you sign a contract. A contract that spells out your rights and obligations and three days to cancel without payment of fees.
No…..Most of time they end up hurting you credit by disputing outrageous amounts of times.
In reply to being an authorized user . It doesn’t work because although you can use the card, you are not liable for the repayment of the debt. I’ll give you an example……
A mother/father lets the under age son/daughter use the credit card, and are authorized users. Once they check their credit report when they are 18 yr, and find out “oh I have these credit cards on here, but no score?!!”
Well the answer to that is does not have any affect score…