Credit Repair FAQ

Credit-Repair-FAQ

What You should Know About Credit Repair...

Do you need an attorney? Can you do this yourself?

Yes, you can. It is possible to fix your own credit, be your own attorney, be your own CPA or build your own home. With the right amount of time and energy you can learn to do anything. So yes, you can do this on your own. But just as you might not choose to repair you own vehicle, it isn’t necessary to tackle credit repair alone.

Working with a credit attorney is best. They work day and night, to protect your rights, according to the applicable consumer protection laws. And because they are professionals, they can do it faster and more efficiently than you as a layperson would. So the question is – how valuable is your time, aptitude and inclination to learn this work?

Is it legal to repair your credit?

Of course it is! Licensed lawyers could not engage in credit repair if it were illegal. The credit companies are the ones who have spread the misconception that credit repair isn’t legal.

The Fair Credit Reporting Act (FCRA) gives you the right to accurate credit reporting. Exercise that right by having your questionable credit listings either verified as accurate or removed from your credit reports according to the law.

Although credit bureaus are official governmental agencies, do you have much say in what was on your report?

Nothing could be further from the truth. There isn’t anything governmental or official about the credit bureaus at all. In fact, the major consumer reporting agencies — Equifax, Experian, and TransUnion — are just three large publicly operated companies.

Sadly, many creditors have perpetuated the belief that the credit bureaus are official, quasi-governmental agencies and will somehow punish consumers who dare to fight back. Such creditors want consumers to believe that challenging a credit report item is like questioning a courthouse record. Thankfully, that is not how it is.

Are accurate items required by law to stay on your credit report for seven years?

Not at all. The law limits the length of time that negative items can remain on your report to a maximum of 7 years. But the credit bureaus are able to delete these negative items any time they deem fit.

Are you required to know all the details of your credit report before you seek help?

No!  Most of my clients were not even aware of all the negative things on their reports until they were denied credit. Our team can let you know right away what items need to be taken care of.

How much time will it take before your credit is restored?

With innovative resources for credit repair and credit restoration can improve your credit scores and profile in as little as 30 to 45 days, sometimes a file may take longer depending on the amount of issues that need to be removed.

Do you have to pay off negative items (like collections) before they can be removed from your credit report?

Absolutely, not. Paying off a negative item doesn’t affect whether or not it’s shown on your report. But please realize that erasing an item from your report does NOT excuse you from payment of your debt.

It just means that it will not appear on your report when a potential credit grantor is viewing it. If you choose not to settle an unpaid item it may put you at risk for the creditor taking additional action that can again destroy the credit you have just worked so hard to repair.

Will paying off all of your bills return your credit to good standing?

Although this is a very logical assumption to make, unfortunately it is not true. There is nothing logical about the credit reporting system. An item will actually appear on your credit report longer if you pay it than if it goes unpaid.

This is because any activity causes the seven-year time clock to reset and begin again. In the majority of cases, when you don’t utilize professional help, you will not get too far by paying off the old debts. Regrettably you may sink even further.

Will deleted items go back on you credit report?

Less than 1% of our clients will ever have a negative issue come back on the credit report. If it does come back on within the next six months we will dispute again at no charge. (It has to be the exact same negative issue that was on the original credit report).

What can you expect your FICO score to go to?

Most of our clients will go up approximately 30 to 80 points within a 30 to 45 day. Some will go up much higher and some a little lower.

What you need to get started?

Complete the form below and I will contact the credit company and help you get the ball rolling by making sure they have a recent credit report, an application from you and your contact information. I look forward to hearing from you!

Request Credit Repair

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For more Credit Repair information
Call Tom at (714) 330-1679