Question: Some of my friends are suggesting that I should consult the credit repairing companies while others are saying that it may not help? What I should do?

Answer: According to me you should go for bad credit repair yourself rather than contacting a credit repairing company because they may be making false statement and trying to take advantage of you.

If you really want to get your credit repaired then the first think that you should do is order credit report from all the 3 credit reporting agencies. Then analyze your credit report properly. If there are any negative remarks that are false then ask them to correct and if the remarks are true then only improved habits can change that. Although late payments and charged off accounts remain on your credit report for 7 years and bankruptcy for 10 years.

You should figure out where you stand. We know how boring it can be to focus on budgeting and net worth statement. But it is equally important that you know where exactly you stand. Don