How Does Credit Repair Work- Asking For a Friend

J

Johnson JAY

Member
My best friend’s got a killer job as a video game developer, but his credit score is stuck in the Upside Down (think Stranger Things, but way less cool). Here's the twist: He barely uses credit cards, so why the low score? Turns out, his parents (bless their hearts) decided to be "generous" and co-signed a loan for his older brother who, well, let's just say "financially responsible" isn't exactly his middle name. Now, my friend’s stuck with the fallout – late payments and a defaulted loan dragging his score down.

He wants to buy a sweet new gaming rig (because, priorities!), but needs a decent credit score for a loan. We’ve heard about "credit repair" but have no idea what it means. Is it some shady magic trick? Can they just delete his brother's mess-ups from the credit report with a snap of their fingers? We need answers ASAP — preferably before GTA 6 drops (pun totally intended). Anyone out there who’s been through this? What’s the best way to escape the credit score dungeon without getting scammed?
 
Okay, first off, credit repair isn’t a magic wand, and definitely not a snap-your-fingers solution. What these companies usually do is dispute negative items on your credit report, hoping the creditor doesn’t respond in time, which can result in the item being removed. But if the debt is legit (sounds like it is), that’s not gonna fly long-term.
 
Your friend might have a better chance by going straight to the credit bureaus and disputing it, especially if he has proof that he wasn’t responsible for the payments
 
Your best bet? Your friend should call the loan company and see if they’ll let him off the hook as a co-signer (long shot, but worth trying). He can also check if any errors exist on his report and dispute them directly. Oh, and tell his parents never to co-sign for his brother again unless they want to star in Stranger Things: Financial Horror Edition.
 
he can build positive credit by paying bills on time, getting a secured credit card, or becoming an authorized user on someone’s account someone responsible this time
 
Here’s the deal man no one can magically delete accurate negative marks from a credit report. If they promise to remove late payments or erase debt, run like it’s a dark Souls boss fight.

What your friend can do:
 
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