Almost all “Credit Repair” schemes you see are frauds. The article: What do you mean there is No Credit Repair Fairy?” is dead on. We’ve all seen the ads- fix your credit, repair your credit now! Don’t buy it!

The author sums it up nicely: Fixing your credit is a long-term project. You have to make your payments on time, take care of your debt, don’t have too much debt, and get secured credit to rebuild. You need to work on your debts and pay them down, and eventually, you can get a secured credit card to establish a new payment history.

If you have bad credit, it’s probably because of debts you didn’t or couldn’t pay. There’s no magic fairy that will erase it. You can try to work hard, make payments, pay off debt, and rebuild your credit. If the debt is unbearable, or you are being sued, or the minimum payments are too high, you might need to talk to a bankruptcy attorney to review your options.

Daniel J. Winter
BankruptcyLawChicago.com
djw@DWinterLaw.com
312-789-9999

Offices in Chicago, Gurnee, Oak Lawn, and Skokie,  Illinois