Get your free credit report consultation today call (205) 441-7833
FREQUENTLY ASKED QUESTIONS
What is a credit repair?
Credit repair involves fixing your bad credit in any way, shape, or form. But when most people use the term “credit repair,” they’re referring to the process of challenging and disputing errors on credit reports.
In your formal dispute, you want to provide a detailed explanation of the error and include any supporting documentation you have along with it.
Is Credit Repair Legal?
Yes, credit repair is legal and our credit education and document processing services will help you to use the law in your favor. This is called “The Fair Credit Reporting Act.” The FCRA gives you the right to dispute any item on your credit report. If that item cannot be verified within a reasonable time (usually 30 days) it must be removed. Studies have shown that 79% of all credit reports contain errors. This is nearly 8 out of 10 reports. Therefore most credit reports improve immediately. For items that disputed that are not errors, a creditor or furnisher is often unable to find the records or signed documents within the allotted time and the item gets removed. Sometimes the furnisher will say it has been verified by not offering proof. It is our job to prepare documents that challenge this and we are very skilled at that
Is Credit Repair worth my time and money?
Contrary to what credit bureaus want you to believe, credit repair does work in most circumstances. But it only works if you are getting the best advice from an experienced professional. Anyone with a credit score below 720 can benefit long-term from the advice and information provided through credit education. However, there are limiting factors that will prevent us from helping you.
Two main factors are:
- Your financial situation and/or,
- The time frame in which you need to reach your results.
It is possible to remove anything from a credit report, even accurate items. For instance, if the creditor makes mistakes or does not adhere to the specific time frame, the negative item may be removed.
What can I expect when I enroll in Credit Repair?
We will assist you with preparing your disputes through the process from start to finish and prepare all your documents for you. We have a superb knowledge of credit scoring and experience working with creditors and credit bureaus. It may be difficult for an individual to communicate with creditors and bureaus without an adept understanding of their techniques and regulations in place for credit reporting. We have spent a great deal of time learning the laws that will help you to remove negative information on your report, which enables us to offer you a flawless.
How to Challenge an Inaccurate Item on Your Credit Report
Your right to a free and accurate credit report is protected by the Fair Credit Reporting Act. Under the Act, if you challenge an item on your credit report and the creditor or credit reporting agency can’t verify the item’s accuracy, the act requires the unverified item be confirmed or removed from your credit report.
The Act gives bureaus and data furnishers 30 days to investigate and inform the consumer of their findings. That time can extend to 45 days under certain circumstances. The actual timeframe depends on many factors, including postal mail timing.
It’s not always as simple as it sounds, though. Check out the tips and information below to better understand how errors get on your credit report and what to do about them.
Why are your results different?
There are two sides to the credit score battle. Sometimes, the creditors and the credit bureaus have done absolutely everything right and we have no case against them. On average, clients are able to remove 70% of the negative items from a credit report.
How long will it take to raise my score?
Through our services, 93% of our clients see their credit score increase 10 points or more in the first 60 days.
Will the removed items come back?
In rare circumstances, an item deleted from your credit report can in fact reappear on your credit report after the dispute resolution process has been completed.
What items can you help me to remove and improve?
With our assistance and document processing, our clients have had great success with bankruptcies, foreclosures, collections, charge-offs, repossessions, medical bills, credit card debt, inquiries, late payments, old addresses, judgments, tax liens and student loans.
ST Fresh Start Financial Solutions