How is Credit Repair different form credit counseling or debt consolidation?
Credit counseling and debt consolidation companies work with creditors to negotiate payment plans for their clients. Creditors and bill collectors are happy to work with such companies as they clearly establish the client’s obligation to the debt as well as their commitment for repayment. Unfortunately, debt consolidation looks terrible on a credit report. Most lenders will have nothing to do with a consumer in these programs. Additionally, many times consumers end up paying nearly as much in the end regardless. Credit repair aims to have all unverifiable and inaccurate information deleted… with no payment.
