What Documents or Information do I Need to Provide?
After you have signed up wtih us, we will require your Drivers License, Copy of your Social Security Card and a utility bill that has your name and address on it.
How Long Does the Credit Repair Process Take?
Generally speaking you should see results in 60-90 days time. Some items may take longer than that, but once you have a few items removed from your credit report, any positive credit added, will grow you score faster. If you want to find out what we can do for you, please complete our Free Consultation form and we can access your invidual case and provide some better insight.
How Does Credit Repair Work?
The credit repair process includes sending out dispute letters to all of the credit bureaus and requesting validation within 30 days. If there is no response in that time-frame, then you item will be removed automatically. We can also dispute items tha have errors in the documentation, account numbers and your personal information. Once all the disputable items are removed, we will provide insight on how to build new credit and maintain that good credit for years to come.
When Should I Pay My Credit Card?
You can find out though your credit card provider, which date they report your balances to the Credit Bureaus. Make sure you pay down as much as you can right before that reporting date to get the best report for that month.
How Many Credit Cards Should I Have?
While there is no set number, a good baseline is to have about 5 different credit cards. The key is how you manage your credit responsibility by making payments on-time and keeping your balances low, while still using those cards each month.
What is a Credit Score?
The majority of people understand the basics, like how failing to make a payment will cause your score to go down, but there are a number of complexities that trip up the average consumer. If you pay your debts on time, don’t carry too much debt on any one card, don't close older accounts unless absolutely necessary and only apply for new credit when you have to you will generally be in good shape. However, it is important to keep yourself informed so you can maintain a credit score that accurately reflects your consumer status. Lenders use your credit report in order to judge your reliability as a loan candidate. Your credit report indicates your ability to handle debt responsibly and will help banks decide if you are a desirable loan customer. A high credit score can help you lock in low APR rates or secure special deals on loans. A bad credit report may prevent you from securing loans and can damage your ability to buy a car, open a credit card or rent a home. A history of inability to manage your credit successfully will make lenders uncomfortable about trusting you with additional funds in the future. You are entitled to a free copy of your credit report once a year, an offer you should take advantage of. When you do receive your credit report, check to ensure the figures are accurate and act quickly to correct any mistakes. This may include any clerical errors, identity theft issues or incorrect information. If your credit score is low, you should begin working on a financial rehabilitation plan, either on your own or with a certified debt counselor, to begin correcting your bad debt habits.
How a Low Credit Score Can Cost You
A low credit score hurts your ability to get loans, and raises the cost of credit when you can get it. Credit scores are also used for insurance rates, renting and even employment. A poor credit score can cost you hundreds of thousands of dollars over your life. Enter in a FICO score and a Loan Principal below to see how much a poor FICO score can cost you on just your mortgage. If you are a home owner or looking to buy, raising your FICO score is the most important thing for you to do. A better score not only means lower payments, but can mean a bigger house, the chance to take out more money on a re-fi, or even the difference between being able to buy.
How Low Should my Credit Card Balance be?
It is ideal to keep all of your credit cards balances under 30%. If you are able to keep them even lower than that, it will drastically help you improve your scores. You must continue to use your credit cards each month, making small purchases on each to show you are using your credit responsibly.
Can I do My Own Credit Repair?
Yes you can do your own credit repair process, but like most professional services, we have knowledge and processes that get you the best results fastest!