Frequently Asked Questions
Credit repair refers to the process of improving one’s credit score and fixing errors or negative information on their credit reports.
Credit repair is the process of improving a person’s credit score by removing negative information from their credit report. This can be done through various methods. Our team works by reviewing your credit reports, disputing any errors or negative information with the credit bureaus, and negotiating with creditors to have the negative items removed or modified.
When it comes to credit repair, the amount of time it takes to see results can vary depending on a few factors such as the number of negative items, the complexity of the dispute process, and the client’s compliance with the credit repair process. On average, it can take anywhere from 1 – 6 months to see significant improvement.
Yes, credit repair is legal under the Credit Repair Organizations Act (CROA). The act requires credit repair organizations to follow strict guidelines, such as disclosing their services and fees upfront, and not making false or misleading statements to their clients.
The costs involved in credit repair services vary based on your specific credit situation. Our team will work hard to craft the perfect plan for you.
While it’s possible to tackle credit repair on your own, it may be beneficial to work with a credit repair specialist like us. A professional can help you review your credit reports and identify any errors or inaccuracies that need to be corrected. They may also have access to services that can help speed up the process and may be able to give you advice on how to best use your credit going forward. If you choose to do credit repair on your own, it’s important to stay organized and keep track of all correspondence with creditors or credit bureaus. You should also take the time to read through any agreements before signing them.
Credit repair is important because it can help people restore their credit scores and improve their chances of qualifying for favorable loan terms. It can also help them correct errors in their credit reports, including those caused by identity theft or inaccurate information from creditors. By addressing these issues, individuals can reduce their debt obligations and save money on interest payments over time. Furthermore, having a healthy credit score can make it easier to obtain a mortgage or credit card, as well as help secure lower interest rates and more favorable loan terms. Credit repair is an essential step in building financial security for the future.
Credit repair can help remove some negative information from your credit report, but some items may be difficult or impossible to remove. For example, bankruptcy and tax liens are public records that remain on your credit report for 7-10 years and cannot be removed. However, our team will help you dispute errors and negotiate with creditors to have negative items removed or modified.
Some common errors that can appear on your credit report include incorrect personal information (such as your name or address), accounts that don’t belong to you, late payments that were actually on time, and charged-off accounts that were paid or settled. Other errors can include duplicate accounts, incorrect credit limits, and accounts that were included in a bankruptcy but are still listed as open.
A good credit score is typically considered to be 700 or above. However, the definition of a good credit score can vary based on the type of loan or credit product you are seeking.