Is credit repair legal?
Yes, every consumer has the right, by law, to repair their credit and credit repair firms help you use those laws in your favor. One such law is called The Fair Credit Reporting Act (FCRA). The FCRA gives you the right to dispute any item on your credit reports. If any item on your credit report is not accurate or cannot be verified it must be corrected or permanently deleted. Studies have shown that 79% of all credit reports contain errors. This is nearly 8 out of 10 reports. Therefore most credit reports can be improved immediately. With our expertise, we have been very successful at leveraging the various laws, legal presidents, industry standards and other tools to improve our client's credit reports.
Can I repair my own credit for free?
Yes, you can. Consumers can dispute adverse accounts directly with consumer reporting agencies and their creditors. Although, in one study conducted by the Federal Trade Commission (FTC), the FTC found that nearly 70% of consumers who identified inaccurate information on their credit reports believed that after disputing, the inaccurate information continued to be reported.
However, we have the experience necessary to successfully leverage the over 250 consumer protection laws, numerous industry reporting standards, legal presidents, and the various other tools in our arsenal to achieve greater success rate than that of consumers who have disputed items themselves.
Just as you could represent yourself in a court of law, chances are you wouldn't. You would want the services of an attorney with the expertise and knowledge needed to navigate the complex legal system; someone who can deliver the most favorable outcome than you may be able to achieve by representing yourself. The same holds true for credit repair, when you hire the right credit repair firm with the expertise and knowledge it takes to formulate complex disputes or challenges in order to achieve a desirable outcome, the chances of getting the result you are looking for are better than disputing yourself.
What if all of my negative items are accurate?
In our experience, we have found that most negative items, while they appear to be accurate, have some aspect that is not compliant with legal or industry reporting requirements. When we review your credit reports, we not only review for 100% accuracy, we also review for completeness and compliance in its reporting. More often than not, we are able to identify issues that give us just cause to dispute or challenge the negative item.
How long will it take to raise my credit score?
Although most of our clients see an increase within 30 - 45 days of retaining our services, there is not a standard answer to this question. There are many factors that go in to the calculation of credit scores, and the impact that our efforts will have on each of our clients' credit ratings can vary greatly depending on the client's circumstance and whether they follow our recommendations during the credit repair process.
How is your process better than others?
We don’t simply prepare and send templated letters in the hopes of deleting negative information, like most credit repair firms. We employ our expertise with over 250 consumer protection laws, numerous court rulings and legal precedents, as well as consumer reporting industry standards to craft a campaign that is customized to achieve the most favorable results in our efforts to improve our clients’ credit ratings.
Should it be necessary for our clients to seek financial compensation, from consumer reporting agencies or data furnishers, for damages resulting from the reporting of harmful and/or non-compliant reporting practices, our proprietary credit repair process has been structured in a way that lays a foundation for their attorney to build their case upon.
Will deleted items come back?
If the item was deleted due noncompliance with reporting requirements (ie: inaccurate, unverifiable, etc) the item cannot be re-reported by the same data furnisher. However, if the item was deleted due to the failure of the data furnisher to respond to the consumer reporting agency's investigation - in a timely manner, the item can be re-reported when the data furnisher finally does respond. That said, if the item gets re-reported and is still not complaint with reporting requirements, the item can be re-disputed as well. Although these are the facts, the truth is that once an item is removed from your credit report, it will more likely than not, not appear on your credit report again.
What items can you help me improve or remove?
We evaluate the negative reporting items on your credit reports for accuracy, completeness and compliance with legal and industry standards. With our system of disputing and challenging, we have helped clients update, improve or remove items like: Personal Information, Collection Accounts, Charged-off Accounts, Late Payments, Credit Card Debt, Medical Bills, Student Loans, Hard Inquiries, Repossessions, Foreclosures, Child Support, Bankruptcy, Civil Judgments, Tax Liens, Evictions and more.
It's also important to clarify that neither a consumer disputing on their own, nor a credit repair firm, can improve or remove items from a consumer's credit report, only the data furnisher or the consumer reporting agencies can make that change. But, as required by law, the consumer reporting agencies must remove information that is inaccurate, unverifiable or outdated. While we cannot remove an item from a client's credit report, it is our job to find the issues with an account and advocate on behalf of our clients in a way that compels the data furnisher or the consumer reporting agencies to resolve the dispute in a manner that is favorable to our clients.
How much will my credit score increase?
The algorithms used to determine a consumer's credit score are proprietary to the company that developed the respective scoring model, so there is no way for anyone to say definitively how much your score will improve if, for example, a specific negative reporting items is removed from your consumer report. However, what we do know is that there are many factors that go into the calculation of a credit score besides positive or negative reporting accounts. For instance, the ability to pay down debt, the diversity in the type of credit accounts being reported, the length of credit history, and even the number of inquires are just a few. There is also a factor called "bucketing" where by consumers who are in similar credit situations are compared to one another, that plays a role in calculating a credit score. What we can say with certainty is that it is important that no current accounts fall into a negative status in order for your credit score to improve during the credit repair process.