still cant get a loan

[CHICO2003]

Managing your money wisely and going into the future making sound financial decisions (ie. not having a million credit cards maxed out!) is clearly a goal everyone should have! But don't confuse that with fixing one's credit report. I'm all about getting into good habits... I'm also goo with having things taken off a credit report. Things that are either legit or not!! You see Gerard, even if you go ahead and turn a corner... start making good decisisons and "doing the right thing", what you've already done (or rather, what your credit report tells creditors you've done) won't go away on it's own. at least, not for many years!!

Let's not confuse credit counseling agencies with this company I recommended either... I can't really comment on counseling services since I've never used one, but assuming they DON'T reflect negatively on one's credit and the plan they offer makes sense... why not? those are big IF's!!

Lexington Law Firm (www.creditrights.com) is only interested in getting negative things taken off your credit report. they're not a credit counseling service or anything like that. They'll ATTACK the companies that put negative BS on your report and make them take it off using their magic lawyer voodoo (lol) I've read a few letters they sent on my behalf and... DAMN!!! Let's just say I wouldn't want to mess with these guys!! Anyways... if your credit sucks (like mine did 2 years ago... before I could even THINK about buyin 2 cars and a house) here'w what you gotta do!! (assuming you're already on track and aren't gonna F up anymore with stupid, bone head decisions!!)

Step 1) get your credit report/there are 3 versions and they'll vary slightly so get all 3 to be on the safe side!!

Step 2) Either write to the agencies that put the negative crap (even if it's legit) and try to get it taken off or hire a lawyer. (just simply waiting for it to disappear is idiotic!!!) there are loopholes in the system people.. USE THEM!! no matter what, you need to get this crap taken off your reports!!

Step 3) after things are fixed, live well and prosper damn you!!


ok... sorry for the soap box BS... good luck no car!! hopefully you'll be able to change your name soon!

 

[Gbourdon]

The only issue with these consumer counseling groups is that to future creditors, they look worse than a bankruptcy- the reason for this is they just see it as being unable to manage your money whereas a b.k. shows that you had gotten in over your head. I just had a buddy go through this about 2 years ago.

I went through debt consolidation a few years ago. I still have each of the individual credit accounts open but I make one payment to the consolidation company every month. If you look at my credit report the individual accounts are listed but my debt management program is no where to be found on the report.

 

[michaelnchelle]

I gotta agree with Shinzen on this one... those consumer credit counseling services are pretty much BS. First off, they are NOT run by federal or state agencies... they are owned and run by the credit card companies. Thats how they can "negotiate to lower your payments" and all that other stuff the promise. Its a way for the credit companies to still get thier money... NOT a way to help people out of a bad situation.

The federal goverment has a different program to help people who are buried in debt... its called bankruptcy court. And yes, its bad to have a bankruptcy, but its just as bad to have a credit counseling service. And Gbourdon, the reason it doesnt show up on your credit report is because it isnt a separate line item like your credit accounts... its listed by each of those credit accounts as being in debt management, as opposed to being late by 30/60/90 days, or being a "charge off" account (like a bancruptcy).

And I have heard good things about Lexington Law Firm before, its good to see some people on here have had good luck with them too... maybe thats not all legal mumbo-jumbo too!

Besides, I think you guys are all reading too much into this post... sounds to me like he tried to get pre-approved for an online loan, which is normally a smart way to shop for a car, but couldnt get approved. No surprise, online loans are hard to get. So now hes gotta try to buy the car the "hard way", fighting with the dealer for a good price AND a good interest rate.