1Where does credit report come from?
Who keeps track of all this information? Credit reporting agencies are huge corporations that make money by compiling financial information about consumers and selling it to potential lenders and employers. Anyone who has ever applied for credit of any kind will have a file with each of the major reporting agencies.
A credit report lists names, address, SSN, employment, credit cards and debts.
How did these people get all this information? The information is taken from credit applications you have completed, as well as from reports your current creditors make about how well you meet your resources.
All this information is maintained by the 3 big credit-reporting agencies: Equifax, TransUnion, and Experian
2What are Equifax, TransUnion, and Experian?
They are also called Credit (or Consumer) Reporting Agencies. They’re privately held companies that sell your personal and financial information in the form of “credit reports” to businesses who use that information to make an educated decision on whether or not to lend to you. Due to shady practices by these companies in the past, and the ever-growing importance of credit in the lives of Americans, the government created laws to empower consumers to defend themselves from misrepresentation. Unfortunately, even with these laws in place, the processes to challenge these entities and the information they report about you can be very complex and time-consuming.
3Is credit repair worth it?
If you credit score is high enough, you’ll qualify for a lender’s best rates. Your mailbox will be stuffed with low-rate offers from credit card companies and mortgage lenders will fight for your business. You will get great deals on auto financing and small business loans if you want to start a new business.
If you score is low, however, you’ll enter a “no-man’s land” where credit is all but impossible to come by. If you find someone to lend you money, you’ll pay high rates and big fees for the privilege. A bad or mediocre score can easily cost you tens of thousands and even hundreds of thousands of dollars in a lifetime.
You don’t even have to have tons of credit problems to pay the price.
FACT: Sometimes all it takes is a single missed payment to knock more than 100 points off your credit and put you as high-risk.
That would be scary enough if we were just talking about loans. Landlords, Insurance Companies and Employers also use credit scores to evaluate applicants. A good score could win you cheaper insurance premiums and even a better apartment.
4What items can you help me remove?
We have a very strong track record helping clients with removals of bankruptcies, foreclosures, collections, charge-offs, repossessions, medical bills, credit card debt, inquiries, late payments, old addresses, judgments, tax liens, student loans, and more.
5Does paying off my bills improve my score?
Yes and no. Paying your bills on time will improve your credit score in the long run, but it will not remove derogatory accounts such as collections, charge-offs, or other negative marks on your report.
6How long does it take before I see results?
90% of our clients see a boost of 10-30 points in the first 45 days.
7How do I send my credit report to you?
After obtaining your 3-bureau report online, just provide your login information and we will access it directly.
8Do you share our personal information with anyone?
We do not share your information with anyone. You may see our Privacy Policy for additional details.