Can I Repair My Own Credit?
Yes. Every person has the legal right to try and repair their credit for free, Just the same as a person has the right to represent themselves in court without an attorney.
What we have found is that most individuals underestimate the time associated with having to correspond with all 3 credit bureaus separately, and the level of research it will take to figure out which laws apply to each particular negative item affecting their scores.
As with most things in life, having a team of experts in a specific field such as credit, typically will generate greater results than just trying to do it on your own.
Are The Deletions Permanent?
99% of all deletions are permanent, but in the extremely rare event that an item we have deleted gets re-inserted onto your credit report by the same creditor, we will go after deleting that item again at no cost to you.
How Long Does It Take To See Results?
Every case is different, especially depending on how many negative items a person has. Our client will see results (deletions) after the first round of work (35-45 days). On average our clients will experience a 70-90 point increase in their credit score with-in 90-120 days.
Do I Need To Sign A Contract?
No. Every client must sign an agreement which gives us the legal right to work on your credit, you will not be required to sign a contract locking you into a length of time or terms for our services. All clients may cancel our services anytime they wish to do so.
Do You Offer Debt Negotiation?
Yes. This rarely happens but an item may not be removed from your credit file. At that point, our experienced negotiators will then, in most cases, be able to reduce the debt to pennies on the dollar while getting a deletion letter. When a deletion letter is not obtained, the creditors have no interest in contesting the debt anyway as they now have collected money, therefore getting the item ultimately removed.
Can You Help While I'm Going Through Bankruptcy?
Unfortunately this is one of the few scenarios that would hold us back from being able to immediately work on your credit. When a person is in the middle of a BK their credit report is in a constant motion of flux. While we can delete a bankruptcy from public records, we cannot do so until it is finalized. Therefore, a consumer would run the risk of having the BK re-inserted not only back on to the public records portion of their credit report, but also onto each item on their credit report that was covered by the BK.
It is important to note that in most cases it is not the debt owed on a particular account that negatively affects your credit score, but rather the verbiage associated with each account. Words such as, charge off, collection, settled, late, or in this case bankruptcy are considered derogatory words; which automatically makes an account of your credit report negative regardless of whether it’s a balance or not. For this reason we always want to wait until the dust has settled on a BK prior to enrolling you into our services.
What does "opt-out" mean and should I do it?
Back when the housing market crashed in 2007-08, creditors lobbied with congress to be able to have access to consumers personal credit information whenever they deemed necessary. Congress actually granted creditors the right to look at your personal information without your authorization, but only under the condition that a consumer could revoke that access from the creditors without any recourse.
So Opting out stops creditors from taking unneeded looks at your credit report, protects your privacy, and eliminates most of the junk mail you currently receive.
If you decide to enroll with our services, our recommended credit monitoring service will automatically opt you out!
What If All Negative Items Are Accurate?
This is probably the most common concern we have from clients. As a firm we never make false statements to the creditors or bureaus, as that would be a violation of the law, and potentially purge you. Rather we challenge creditors to prove that they followed all of the various laws associated with reporting information about you.
Whether an item is yours or not, there are still many steps a creditor must follow to the tee prior to submitting information about you. In most cases items end up being removed from your credit report not because the creditor made a mistake, but rather because they just don’t want to take on the risk of being sued, so they intentionally do not respond to the credit bureaus request for information, thus the items is removed off your credit report by default.
In the end, whether an item was removed because off a reporting violation, or by default it is all the same. Each item that gets removed will provide you with a cleaner looking credit profile, and ultimately increases in your scores.
How Can We Communicate?
We make ourselves readily available to all our potential and current clients as we believe that communication and transparency are the essence of our service.
You can contact us by phone or text at (888) 888-4320, or by email at firstname.lastname@example.org or by client portal (for current clients only).
Do You Work With All 3 Bureaus?
Yes, we work with all 3 bureaus. Interestingly, most consumers are unaware that the 3 major credit bureaus, Transunion, Equifax, and Experian are not government agencies. They are for profit companies, that do not communicate with one another. So if you have an item that is being reported to all 3 bureaus, we must essentially open up separate investigation with each bureau in order to have a negative item completely removed off of your credit report.
How Long Do Negative Items Remain On My Credit?
Most standard items, whether they be positive or negative will only stay on your credit report for 7 years from the point of your last payment, or when the account was closed. That being said there are a few exceptions to the rule. Such items as government backed student loans, tax liens, bankruptcies, or judgments can stay on your credit report for up to 10 years. Although aforementioned items typically only stay on your credit report for up to 10 years, they can also be renewed at the end of the 10 years, thus they really have no definitive reporting statute of limitation.
As stated above, while most standard items will remain on your credit report for 7 years, they can be sold off to a collection agency with-in your states statute of limitations for debt collection (between 3-6 years depending on the state), and thus the whole 7 year time frame would be refreshed, and the item would now be reported under the name of the new debt owner.
As with other topics on a person’s credit report, or credit experts will thoroughly educate you on the reporting time frame for each account listed on your report.
What Is A Charge Off?
A charge off happens when a creditor decides that the debt owed is unlikely to be collected. Thus they close your account at that point. Most charge offs happen when an account has gone without payment for six months.
It is important to note that just because the account was closed by the creditor, it does not mean you are free from your financial obligation to pay the balance. A creditor can still legally pursue you for a past due balance until you have reached your states statute of limitation for debt collection.
Our credit experts can explain the pro’s and con’s off paying off closed/past due accounts.
What Affects My Credit Scores?
There are many factors that can affect a person’s scores, but some of the most important things are a person’s balance to limit ratio on open credit cards, the amount of derogatory accounts on the report, the amount of positive lines of credit on the report, and the age of history of both positive and negative accounts
For a more detailed response, please refer to the FICO Scoring chart located on our Home page.
How are we different from other credit repair companies?
As discussed in previous sections our firm separates itself from the credit repair industry by offering a customized approach to each case, access to actual credit experts, and achieve not only better results than most firms, but do so in approximately half the time.