Why should I do it?
He answer is easy; first off negative information will remain on your credit report for up to 7 - 10 years from the last date of activity and will cost you thousands of dollars in higher interest rates. Also it’s embarrassing when you go to apply for financing and get turned down because of something derogatory on your credit file. Everything we do nowadays is somehow related to information contained in our credit file, renting a house, buying a car, getting credit cards, even getting a job. People are now getting turned down for jobs because of negative information contained in their credit file. By signing up with us you can save not only thousands of dollars in high interest rates, but the headache, stress and embarrassment of being turned down because you have bad credit.
What items can we remove for you?
Collections, charge offs, foreclosures, repossessions, medical bills, credit card debt, inquiries, late payments, judgments, tax liens, child support cases, student loans & more.
What risks will I be taking?
None. The worst we can do is not improve your credit or your score. However that has never happened. The best we can do is permanently delete all derogatory items off all three credit reporting bureaus and improve your credit score tremendously and save you thousands in interest charges over the next several years.
How do you remove bad credit?
The 3 credit bureaus have to follow a federal law called the Fair Credit reporting Act. That law has a loophole that allows you to question anything on your credit reports and the credit bureaus have to investigate. First we order you’re Consumer Credit Reports from Experian, Equifax, and Trans union. Then we use specific disputes to contest and challenge any negative accounts. Collections, charge offs, judgments, late payments, ect. Anything negative on your credit report. The credit bureaus will send the results to you in about 30 days showing the status of the accounts. The accounts will be permanently removed from your credit report and will never reappear. They will raise your credit score generally 15 to 35 points per item deleted. And then we continue to work on your credit report to remove as many negative accounts off each report as possible. Because of our extensive knowledge of the Fair Credit Reporting Act we know that properly disputed credit items are easily removed. Anything that is on your credit report can legally be removed.
Do you work on removing inquiries?
Yes! We will work on removing all the inquiries from your report.
How long will it take to restore my credit?
The amount of time it takes is different in every circumstance. Many of our clients see tremendous results within the first 30 - 45 days. Of course items like repossession take longer but any derogatory item can be removed. The progress of your case will also depend on you forwarding all correspondence to us as soon as you receive it.
How much will you increase my Credit Score?
An average of 70-90 points within the first 30-45 days. We have been as successful as 200 points on many occasions. There are many factors that affect a credit score besides derogatory items although they are usually the major factor. For example, length of credit history, types of credit, outstanding balances, even the number of inquiries. Refer to the second page of this packet to see the breakdown of what makes up the credit score, and an outline of how you can improve your score.
What is a good score?
680 and above is considered “A” credit.
What determines credit score?
- 35% Payment History
- 30% Account Utilization (balances being carried)
- 15% Length of Credit History
- 10% Types of Credit (mixture is best)
- 10% Inquiries (only first 10 count)
What does a credit score range from?
From 350 up to 850 points. 580 is where you start qualifying for loans, although the interest rates may be pretty high, over 680 points usually gets you a much lower interest rate.
What balance should I carry on my credit card to maximize my credit score?
50% of the credit limit or less if possible, ideally as close to zero as possible, especially if you are planning to apply for credit in the near future.
Should I close any of my credit cards?
NO, NO, NO. Closing credit cards will only decrease your score due to your debt ratio increasing as a result of the closed account and also can decrease the average length of time an account was open. Never close a credit card is the best advice you can give someone.
How much bad credit does it take to be denied?
Even one late payment can sometimes get a person denied for new credit. There are many factors like income, credit history, balances being carried on credit cards and number of credit cards that can result in a denial even if you have almost perfect credit, but getting the derogatory items removed is the most important step you can take in increasing your chances of approval.
How do I get updates on my case?
You will receive updated credit reports from all three credit bureaus after 30 to 45 days. At that time you will see what was deleted and will need to mail the originals to us so that we can continue working on the remaining items. You will actually know what was deleted before we do, which is why it is so important that you forward all credit bureau correspondence within a few days of receiving it.
