[Search for users] [Overall Top Noters] [List of all Conferences] [Download this site]

Conference 7.286::dcu

Title:DCU
Notice:1996 BoD Election results in 1004
Moderator:CPEEDY::BRADLEY
Created:Sat Feb 07 1987
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1041
Total number of notes:18759

226.0. "Credit Repair Help" by WCSM::YANNONE () Tue Aug 28 1990 01:46

    I am looking for some information on Credit Repair. A younger brother
    is having a hard time buying his first new car. Having a credit card at
    college didn't help him at all. Any and all help is much appreciated.
    
                         Thank you in advance.
T.RTitleUserPersonal
Name
DateLines
226.1Watch out for 'credit repair' scams...SCAACT::AINSLEYLess than 150 kts. is TOO slowTue Aug 28 1990 09:498
Beware.  MOST, but not all credit repair operations are nothing more than
ripoffs and sometimes suggest illegal means to fix credit.

I suspect from what you say, that he was less than prompt with his credit card
payments while in college.  A lot of times, even if you don't have bad credit,
you need a cosigner for your first car loan.

Bob
226.2have a good dayWCSM::GCHARBONNEAUTue Aug 28 1990 11:5913
    what are you crying about this time KEN?
    
    
    
    
    
    
    
    
    
    
    I got you.This is for the time you got on me in one of the california
    files.
226.3Credit HelpWMOIS::E_AMIDONMon Sep 10 1990 13:4413
    I am not sure where you reside, but there is a Consumer Credit Counsel
    in Boston that helps those who have gotten in over their heads. The
    telephone number is (617)426-6644. They are open M-F from 9-5. they
    will give you a free consultation session. They will contact all your
    creditors and try to get your monthly payments reduced to something
    more manageable. They will set up a budget for you for $25 and even
    write the checks out for $10/month. But they may also request you
    cancel all your credit cards.  
    
    Hope this info helps.
    
    
    Ernie
226.4ThanksWCSM::YANNONEMon Sep 10 1990 19:362
    Ernie, 
                 Thank you.