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“Expect More” results with us!

FREQ ASKED QUESTIONS


What is a credit report?
A credit report is a track record of both your personal and financial credit information. This includes information taken from public records, personal identification and debt information.

How many credit bureaus are there?
There are 3 major credit bureaus: Equifax, TransUnion, and Experian.

Are your services guaranteed?
Yes, we guarantee that all items from all Credit Bureaus that you want us to dispute will be disputed to the best of our abilities.

How will I know the status of my credit?
We will send you a weekly progress report detailing the items pending/deleted. Please email us if you are not receiving these notices.

How do you get a copy of my credit report?
We, by law, are unable to order a copy of your credit report. Since we can not pull your credit for you, we ask you to sign up for a trial membership with www.privacyguard.com. We will then be able to import all the details of your report into our secure personal computer system.

ABOUT CREDIT REPAIR


Does paying off my bills repair my credit?
Unfortunately, the credit reporting system just doesn’t work that way. When you pay your debt, the negative credit listing doesn’t disappear. There is little difference between a paid negative item on your credit report, or an unpaid one. In most cases, you wont get much further by paying the old debt. We can recommend a debt negotiation service to help you in that situation…simply ask your representative.

Who can see my credit reports?
Our credit service specialists are the only ones who will see your credit reports.

How do you restore bad credit?
Once we have your credit reports, we then dispute the questionable items to the credit reporting agencies, and creditors/lenders on your behalf. Any information the agencies or creditors cannot verify is removed. Any dispute not responded to within the allowed response time is removed.
Probably sounds easy, but if you ask someone who has attempted to dispute their own credit, they will tell you it’s actually not. According to federal law, the credit agencies can ignore your dispute under a variety of conditions. A large percentage of dispute letters sent directly from consumers are rejected under one credit agency pretext or another. Making it a very time consuming and frustrating task.
After we dispute your negative credit, a new copy of your credit report will be sent to your address showing any deletions or improvements. When you receive your new copy you’ll send us the updated version of your credit report, so we can continue disputing the remaining negative items.
Any accurate and verifiable information will remain on the credit report. All too often, disputed credit items cannot be verified or in many instances the creditor will not respond to our dispute due to our approach and the negative item is removed.

How long does it take to repair my credit?
Every client is different, but generally you can expect to start seeing some progress in 3 months, and a significant improvement in 6 months. Credit repair is a process and although we work quickly to repair your credit we can only move at the credit reporting agencies, court houses, and creditors pace.

How can negative items be removed?
The Fair Act Credit Act and the FACA gives the consumer the right to ask the Credit Bureaus to prove their reports, regardless of being accurate or not. Disputing your credit report is your right according to the Fair Credit Reporting Act and FACT act. Credit repair is a completely legal and necessary service. We hold the credit reporting agencies accountable. Simple as that. Whether the Bureaus decide to investigate, is their issue, the law states that they have to remove the items if they can not prove it. The Credit Bureaus admit that errors occur on consumer reports, but they do little to correct them, instead they rely on a pro-active consumer to dispute these errors. You can dispute these negative items on your own, or you can choose to hire someone to do the disputing for you.
Learn more about your rights as a consumer here.

COMMON MISCONCEPTIONS


Fallacy: My score determines whether or not I get credit
Fact: Lenders use a number of facts to make credit decisions, including your FICO?,® score. Lenders look at information such as the amount of debt you can reasonably handle given your income, your employment history, and your credit history. Based on their perception of this information, as well as their specific underwriting policies, lenders may extend credit to you although your score is low, or decline your request for credit although your score is high.

Fallacy: A poor score will haunt me forever
Fact: Just the opposite is true. A score is a “snapshot” of your risk at a particular point in time. It changes as new information is added to your bank and credit bureau files. Scores change gradually as you change the way you handle credit. For example, past credit problems impact your score less as time passes. Lenders request a current score when you submit a credit application, so they have the most recent information available. Therefore by taking the time to improve your score, you can qualify for more favorable interest rates.

Fallacy: Credit scoring is unfair to minorities
Fact: Scoring considers only credit-related information. Factors like gender, race, nationality and marital status are not included. In fact, the Equal Credit Opportunity Act (ECOA) prohibits lenders from considering this type of information when issuing credit. Independent research has been done to make sure that credit scoring is not unfair to minorities or people with little credit history. Scoring has proven to be an accurate and consistent measure of repayment for all people who have some credit history. In other words, at a given score, non-minority and minority applicants are equally likely to pay as agreed.

Fallacy: Credit scoring infringes on my privacy
Fact: Credit scoring evaluates the same information lenders already look at – the credit bureau report, credit application and/or your bank file. A score is simply a numeric summary of that information. Lenders using scoring sometimes ask for less information – fewer questions on the application form, for example.

Fallacy: My score will drop if I apply for new credit
Fact: If it does, it probably won’t drop much. If you apply for several credit cards within a short period of time, multiple requests for your credit report information (called “inquiries”) will appear on your report. Looking for new credit can equate with higher risk, but most credit scores are not affected by multiple inquiries from auto or mortgage lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.
If you are behind on payments and wanted to know what options are available, many time professionals forget the simple options to homeowners. For professionals in the foreclosure business, we use terms such as deed-in-lieu, forbearance, loan mod, and other terms that homeowners may not. I have come up with a few terms and options that homeowners should have available as options for available alternatives to foreclosure.

THIS WHY WE DO IT

There is an overwhelmingly amount of people that suffer from bad credit in our society today. Whether it is because of lack of income, loss of job, divorced/separation, injuries, student loans and or medical bills. However, anyone of the aforementioned reason could happened to you on any giving day.

Also, to add insult to injury, there are 3rd party debt collection companies that prey on you the consumer(s) like vultures because the lack of knowledge you may have of the law and your consumer rights, according to the Fair Debt Collection Practices Act (FDCPA).  However; on the other hand, you have the credit bureaus that tend to not comply with the law as well; even though, it’s approximately (3) hundred or more regulations that they must adhere to according to the Fair Credit Reporting Act (FCRA).

So, with that being said, that’s the reason we chose this profession. Due to the fact, we believe that it’s imperative that consumers have access to companies like us, to help assist them with their credit repair needs and give them the knowledge and tools that’s needed in order to prevent their consumer rights from being infringe upon.