FAQ...

FREQUENTLY ASKED QUESTIONS:
	How does your credit repair process work?
	Our firm disputes against the three major credit bureaus (Equifax, Experian, Trans Union) for you with the law The Federal Fair Credit Reporting Act. This is the law that was enacted by congress that allows every consumer the legal right to dispute any misleading, unverifiable, outdated, erroneous negative information from their credit reports to help them raise their credit scores.
	Is credit repair legal?
	100% absolutely YES! There is a law called The Federal Fair Credit Reporting Act that was enacted by congress that allows credit repair to be facilitated and legal.
	What can I expect after the credit repair process is finished?
	You can expect to have dramatically better credit scores, to get approved for whatever you apply for with the best interest rates that are available and whatever problems or embarrassment you had to face because of bad credit will be a thing of the past! Credit repair will give you your financial freedom back and stabilize your financial future.
	When will I start seeing results?
	Every person's case is individual so when results are seen is different but for the most part our clients start to see results within 45-60 days from the date of enrollment.
	Does credit repair really work?
	Yes, credit repair really does work but creditors and the credit bureaus have spent hundreds of thousands of dollars to convince consumers that credit repair does not work and all credit repair companies are scams. This is the furthest from the truth. There are good and bad people/companies in every industry. The credit repair industry is no different. The reason why they do this is because they know the majority of consumers do not know their rights and the laws so they want to take advantage of all those consumers so they can keep consumers from hiring credit repair companies to help them repair their credit. Our company alone has removed hundreds of thousands of misleading, unverifiable, outdated, erroneous negative items from consumer credit reports nationwide.
	What kind of negative items can you remove from credit reports?
	Late payments, collection accounts, charge offs, student loans, foreclosures, repossessions, judgments, liens and bankruptcies.
	Why do the credit bureaus not like credit repair companies?
	Majority of consumers are not aware of this but credit bureaus are not only in business to keep track of information that is reported to them from you're creditors & give consumers credit scores. Credit bureaus make the most of their money by selling data daily for thousands of dollars to institutions who rely on that service, and the data the credit bureaus make their most money on is subprime data! That's right on consumers who have bad credit! So do you think the credit bureaus have any incentive to report 100% accurately and correctly? NO! This is a huge reason why over 79% of consumer credit reports have misleading, inaccurate, outdated & erroneous negative information on them. So the reason why credit bureaus do not like credit repair companies is because we fight for the consumers rights and force the credit bureaus to report 100% accurately and correctly which can make them lose money.
	Can negative items reappear once they are removed?
	No, unless the item has a bad outstanding debt still owed on it (collection account, charge off) and that account is sold to a different collection agency from the one the item/debt was with when it was removed from the credit report initially.
	Are Experian, Equifax & Trans Union government agencies?
	NO! They are private companies and have absolutely NO CONNECTION with our government.
	Why can credit repair take so long?
	It takes time to establish good credit, it takes time to mess up you're credit and it takes the most time to repair you're credit because credit can only be repaired how fast the law (The Federal Fair Credit Reporting Act) allows. Credit repair is a process and anything that is a process takes time. You have to invest patience along with some money into credit repair, but its patience and money that will change your life for the better. The length of every credit repair case is individual and varies from client to client.
	Do you guarantee 100% results?
	No and no company can or should. Any company that guarantees 100% results is only out for your money and should be stayed away from. Credit repair is not magic, it's a legal process, so there is no magic wand that can be waived over your credit reports to make you're bad credit history disappear.
	How long does bad credit last?
	Inquiries- Two years from when the inquiry was made. Late Payments- Seven years from the month the late payment was made. If there are multiple late payments in one account item, then they will each expire individually. Charge Offs & Collection Accounts- Seven years from the date of delinquency. Judgments- Whether paid or unpaid, to be reported for seven years from the date the judgment was entered, depending on your state of residence. Paid Liens- Seven years from the date paid or released. Unpaid liens- To be reported for an indefinite period of time, depending upon your state of residence. Bankruptcies- Ten years from the date of filing, regardless of the chapter of the bankruptcy filed. Accounts Included In Bankruptcy- Seven years from the date the bankruptcy was filed.
	What are credit scores used for?
	Credit scores are used to measure the risk factor of a consumer who is applying for a loan or credit line. Credit scores help predict how a consumer will repay the loan or credit line back.
	What makes up my credit scores?
	Payment History- 35%. If you're paying on time or late every month or not paying at all. Outstanding Debt- 30%. The total amount of debt you have outstanding against the total amount credit you have. Length of Your Credit History- 15%. How long your accounts have been opened for. Recent Inquiries on Your Credit Report- 10%. How many companies you authorized to run your credit report for credit or a job. Types of Credit in Use- 10%. An example is that it is better to have major credit cards (American Express, Discover, MasterCard, Visa) opened and on your credit reports rather than store cards (Macy's, Gap, etc) because major credit cards show more purchasing power. Mortgages, car loans and student loans are great to have on your credit reports to get the best credit scores.
	Why should I do debt settlement rather than debt consolidation?
	The main difference between the two processes is that debt settlement is a negotiation process that actually saves you money on the principle that you owe your creditor(s), while what debt consolidation does is just take the principle you owe your creditor(s) and spread it out for two or three years. Bottom line is that you save a lot of money at the end of a debt settlement program including with our fees to facilitate the settlements and actually pay more than what you owe at the end of a debt consolidation program after you pay the debt consolidation company their fees. So the main reason you should do debt settlement rather than debt consolidation is to SAVE MONEY!!!!
	Is it true debt consolidation will not hurt my credit?
	NO! Debt consolidation companies are notorious for telling consumers that their program does not hurt your credit. When you enroll with a debt consolidation company it appears on your credit report that you are with them and that you need assistance paying your debt. That lowers your credit scores! Also debt consolidation companies are notorious for paying your creditors late. So if you put accounts into a debt consolidation program that were never late and the debt consolidation company pays your creditors late after you send them the monthly payment, (the way debt consolidation works is, you send a payment every month to the debt consolidation company and their supposed to pay your creditors) those late payments will reflect on your credit reports and lower your credit scores! So not only do you pay more at the end but you will also have lower credit scores!
	Does debt settlement hurt my credit?
	NO! The reason debt settlement cannot hurt your credit is because settlements can only be made if your accounts are in collection, charge off, judgment or at least delinquent status (very rarely can accounts be negotiated for settlement if they are up to date). So in that case your credit would already be hurt and debt settlement would actually improve your credit!