FAQ
Q: What is credit repair?A: Credit repair is a multi-step process that involves analyzing your credit report item by item, and using special techniques to eliminate or mitigate negative items and include new, positive items for the purpose of raising your FICO score.
Q: Is it legal?
A: Yes, every person has the right to challenge items on their credit reports under the Fair Credit Reporting Act.
Q: I don’t plan to use credit, do I still need credit repair?
A: Even if you plan to cut down or eliminate use of credit cards, having good credit will still benefit you. Credit rating is often used as a factor in leasing apartments, or even in obtaining a job. And, even if you don’t plan to use credit, should a situation arise where you do need to do so, having poor credit will cost you hundreds, or thousands of dollars in unnecessary interest payments and fees. In the future, you may decide you wish to purchase a home or a new car. You may not have any plans for doing so now, but when the time comes, you’ll need the high FICO score to get the best rates—and building up the best credit takes time You need to prepare for the future by starting today.
Q :Can I do credit repair on my own?
A: Yes, you can repair your own credit, and there are resources available to help guide you through this process. However, using a professional credit repair service will give you the advantage of insider information, and a deeper understanding of the limits of what you can do. Do-it-yourself credit repair often takes much more time than it needs to, and in most cases, does not get the best results.
Q: Is my information secure?
A: Absolutely. Your information portal is encrypted and password-secured, and your information is kept absolutely private.
Q: Can you get incorrect entries deleted from my credit report?
A: Yes. Under the Fair Credit Reporting Act, if a creditor cannot prove that an entry is correct, they are legally obligated to remove it. We will work with the credit bureau to aggressively pursue any and all inaccuracies, and to ensure that they are removed in a timely manner.
Q: If an entry is legitimate, can it still be deleted?
A: Under some circumstances, yes. Creditors will often make agreements with debtors to delete an entry in exchange for a settlement. We can work with creditors to arrange for “pay-for-delete” deals that are most favorable to you.
Q: Can I still get a credit card with bad credit?
A: Yes, you can, and this can be an effective method of building positive credit lines. However, credit cards issued to people with low FICO scores typically do carry much higher interest and fees. These high-interest “bad credit” cards should be used as an interim technique for credit-building only. After the credit repair process, they should be paid off and replaced with lower-interest cards.
Q: Should I declare bankruptcy instead of repairing my credit?
A: Again, it depends on the circumstance. However, bankruptcy is a long-term solution, and in many situations, credit repair can get you back on track a lot faster.
Q: How long does credit repair take?
A: There are two parts to the process; credit repair, and credit maintenance. Credit repair can begin immediately, with results often seen within the first month. We usually recommend at least six months to see significant results. After the credit repair process has been completed, credit maintenance simply involves continuing to use credit wisely, monitoring your credit score on a regular basis, and checking for inaccuracies and mitigating them as they appear.
Q: Can I see instant results?
A: In many cases, results can be seen within the first month. However, every person’s credit report is different, and it may take a little longer to see the first results depending on your situation. Give us a call today and let us analyze your credit report, and we can give you a better idea of what you can expect.
Q: Do you guarantee that my FICO score will increase?
A: No credit repair company can make a guarantee of results. There are some firms out there who do offer such guarantees, although it is against the law—and misleading. However, our statistics and track record shows that about 90 percent of our clients see their scores increase within the first six months.
Q: What do you need me to do once I obtain your services?
A: We will need you to mail us any letters you receive from the credit bureaus ASAP. This is essential to providing you with the fastest service possible.
