Credit Repair Questions & Answers

chris7833 asked:


Some people say that it is always a good investment. I think it depends on a person’s debt versus potential for making the money back. Any thoughts or personal experiences?

nurseisfabulous asked:


I’m in the market to buy another car. Currently driving a 2001 Lexus RX300 and the new has worn off. Was wondering if it was possible to lease a car with a less than perfect FICO score of 652. The only reason why I was considering is because I want to buy at least a 2003-4 BMW X5 but I prefer a brand new one but I don’t have the cash or dare need a car payment that high for a 45k vehicle! I’ve heard leases are generally only approved for people with great credit but I have heard of people with less than perfect credit leasing cars but I was wondering approx. with what score?

smiling f asked:


There are a few debt companies and telemarketers call my house landline everyday. We don’t know the people that the debt companies are calling. We registered on the “national no call list” and I called them back several times and ask them to remove our numbers. But they still keep calling.

I am so frustrated. Is there punishment for this spam calls?

The Tycoon asked:


On average how long does it take? Once through the program if you compare 2 people, one with debt and high score. The other with “bruised” credit and no debt and almost high score which one is better?

mz_neemarie asked:


I see alot of the credit counseling and debt consolidation ads on tv and the internet, but to me it seems these ads only target people who are past due, in collections and have creditors calling them. None of that is the case for me. I have never been late paying bills, nor do I have any bad marks on my credit. All I have basically is too much debt, and I’m trying to hurry and get rid of it! Can anyone offer any info?

Yoli asked:


Lenders are turning people down that have never been late on their mortage, have fico’s in the 600’s, have owned their home for more than 2 years. In the past you could refinance into another loan even if the credit wasn’t the best and you didn’t have 3-6 months worth of mortgage payments in the bank. For those who say these people shouldn’t own a home, I ask what would you have done if no one would’ve given you a chance? Would you have been able to get what you needed or get where you are? Lenders are looking out only for themselves and their investors, but some middle ground must be established. Does anyone have information on what consumers can do to really pressure the government to step in and work something out with the lenders.Are there any organizations pressuring the government to step in and help people that are currently in homes with adjustable rate loans that are going to go up 2-3% raising their payments by $800 or $1000 per month?
I am not suggesting a bail out by taxpayers. I am asking that the government intercede to pressure lenders to come up with a solution
on homeowners behalf.

bluewishing asked:


What company can help you with little cost that will help you keep your home and lower the mortage. Even with terrible credit and bankruptcy. Like adjusting the mortage to what you can afford