Answer: -Credit repair is a complete rip off. Credit counseling is onlyh part rip off. They both charge you fees to do what you can do yourself.Are the bad debts on your credit report your debts? If no, you dispute the entries with the credit bureau. If they are yours, contact the creditor and negotiate a settlement. Work on one at a time till you get them all paid off. -Credit repair companies take advantage fears of credit card holders with negative credit reports, and use it to fill up their coffers. To do this they aggressively market themselves as if they can get every single negative entry on your credit report removed. This is simply not the case. Naturally plenty of people see this as a great opportunity, aggressively marketing their credit repair companies to those in trouble.Credit counseling agency is a vital channel between your debt and your creditors. What they do essentially is negotiate with your creditors and reduce your monthly payments and interest burden. But, is credit counseling really that good as it is promoted in various advertisements and campaigns? Take a look at the following points and you might change your perception. Credit counseling agencies are partly funded by credit card companies, and this is not without its reasons. Whenever a person with credit card debt goes for credit counseling, the credit counseling companies get payments for reducing the interest rates, repayment terms and repayment amount. Credit card companies can give incentives to credit counseling firms for not 'doing their best'. Read more from: http://www.credit-card-gallery.com/artic...