Should You Use a Credit Repair Service?
Some even claim to be able to remove bankruptcies or other judgments from your credit file forever.
The truth is - credit repair services don't have access to any secret strategies or loopholes. They can only dispute charges the exact same way consumers can as outlined in the Fair Credit Reporting Act. (See: How to Fix Errors in Your Credit Report.
The true purpose of a credit repair service is to simply save you time. Rather than doing it yourself, they will dispute the errors on your behalf.
Most consumers - and especially those with bad credit - should save money and just file error disputes themselves. The process is not that difficult.
Credit protection and credit repair scams are one of the top complaints reported to the FTC so you need to be very careful using one if you want to go that route.
Stay away from credit repair services that makes outrageous claims and guarantees.
Remember - there is no easy way to remove negative information from your credit history - unless it is a true error, in which case you can just easily do it yourself.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid