Thinking of using a Credit Repair Agency? You may want to think again.

Generally, “Quick Fix” credit counselors won’t be able to help clear up problems with your credit file. The only solution for genuine credit problems is to pay off your debt on schedule and to wait for negative information to be removed over time. There’s nothing that they can do that you can’t do for yourself, and no one can speed up the process.

Beware of companies or services that promise they can fix credit files quickly. They may be fraudulent and expensive. Never, ever, sign a contract or other credit payment plan agreement except with a reliable counseling service. Be very careful about agreeing to debt restructuring plans. They may lower your monthly payments by extending the length of time it will take to pay off all your debts. But these plans can increase the total amount of your debt because the finance charges will add up rapidly. Many people find themselves in much deeper debt after they have restructured debt because they did not understand the terms of their debt consolidation agreements.