Credit Repair

The-Juice-Man

New Member
Does anyone know how to repair bad credit. I had a friend and yes it was a friend that had a car repoed, He wants a new one, how should he go about this. Or who should he see?
 
The-Juice-Man said:
Does anyone know how to repair bad credit. I had a friend and yes it was a friend that had a car repoed, He wants a new one, how should he go about this. Or who should he see?

wait 7 years or pay cash
 
kwik98gt said:
wait 7 years or pay cash

and those commercials that say-"you have the right to consolidate your debt under law chapter 13 section usc.."blah blah-basically its a commercial for a laywer to file bankruptcy for you. those other companies that setup payments with your creditors-i assume all they do is pay off your debts-then you pay them out(with a hefty percentage rate im sure) Like i said-pay off all existing debt-then wait it out. Or get high risk credit with like 22% apr LOL. Either way your fucked. I say pay cash for everything. If you cant save up and afford to buy it you dont need it.
 
kwik98gt said:
and those commercials that say-"you have the right to consolidate your debt under law chapter 13 section usc.."blah blah-basically its a commercial for a laywer to file bankruptcy for you. those other companies that setup payments with your creditors-i assume all they do is pay off your debts-then you pay them out(with a hefty percentage rate im sure) Like i said-pay off all existing debt-then wait it out. Or get high risk credit with like 22% apr LOL. Either way your fucked. I say pay cash for everything. If you cant save up and afford to buy it you dont need it.


if his mom will cosign and she has good credit it might be all good-and might help his credit out. itll take awhile for a loan office to overlook that repo though. Shit-they have to go infront of a board with all their fuckups. It comes down to their job-or take a risk on your repo history ass. Which would you choose? I dont know your friend-but the way these things usually go down is-he makes a few payments then runs into trouble. Mom ends up making payments to keep her credit out of the gutter.
 
yeah

kwik98gt said:
if his mom will cosign and she has good credit it might be all good-and might help his credit out. itll take awhile for a loan office to overlook that repo though. Shit-they have to go infront of a board with all their fuckups. It comes down to their job-or take a risk on your repo history ass. Which would you choose? I dont know your friend-but the way these things usually go down is-he makes a few payments then runs into trouble. Mom ends up making payments to keep her credit out of the gutter.
I totaly agree. I bought my ws6 and m3 in cash. I financed my house but put a hefty down. He is young and dumb, Bought a 04 denali and couldn't pay for it. 950 a month. OUCH. I pay 1500 a month for a 3500sqft house with 2 acres. Look at the thread what kind of cars do we have rolling around here.
 
There are services that can legitimetly repair your credit. They can remove or improve false or correct info. I own a mortgage brokerage and I have sent many clients to them and the results are dramatic. I have seen the credit reports before and after. Its is expensive and if well informed you can do it yourself for minimal cost. Look into the fair repoting act and it contains the info you need. Takes 6-8 mo. for 10-20 items to be resolved. Fico scores go from 500-7+. Look in the phone book in your area and there should be ads for this service or research it on line. Hope this helps.
 
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