Q: Should I use a credit-repair service to repair my credit?

A: First, it's important what exactly a credit-repair service can and cannot do. Nobody, regardless of their promises, can make your bad credit disappear overnight, and honestly, a credit-repair service can't do anything that you can't do yourself. This doesn't mean you shouldn't use a service -- CEOs could clean their own bathrooms, but they hire other people to do it for them, and the work of credit repair can be just as dirty and unpleasant.

When you pay a credit-repair service, what you're really doing is outsourcing the headache of credit repair. To have bad items removed from your credit report, you -- or someone you pay -- has to ask for them to be removed. If the items are illegitimate or older than seven years, then legally, they have to be removed upon request. But obviously, this isn't always the case, and it can be a major hassle to have things like duplicate debts and other incorrect information removed from your credit report. You might have to make numerous requests and deal with incompetent "customer service" people on the phone -- a ! Ultimately, a lot of people just give up. That's why credit-repair services exist.

But beware of companies that make promises that are just to good to be true. There is no silver bullet when it comes to credit repair, and if you have bad credit because you fell behind on your debts in the past, no company is going to be able to change that overnight. Legitimate credit-repair services don't over-promise -- they over-deliver.

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