FAQs

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 WHAT IS A CREDIT SCORE?

A credit score is a number generated by a mathematical formula that is meant to predict credit worthiness. Credit scores range from 300-850. The higher your score is, the more likely you are to get a loan. If you have a low credit score and you do manage to get approved for credit your interest rate will be much higher than someone who has a good credit score and borrowed money. So, basically, having a high credit score can save thousands of dollars over the life of your mortgage, auto loan, or credit card.

DO I HAVE A RIGHT TO KNOW WHAT'S IN MY REPORT?

Of course, you do. By law, the agencies must give you a free report annually. However, those free reports do not contain scores. For credit repair scores we recommend an inexpensive credit monitoring service.

HOW LONG UNTIL I SEE RESULTS?

In all honesty, this answer varies by every individual’s records and personal financial goals. By law, under the Fair Credit Reporting Act, it takes up to 30 Days for any of these items to get reported and often longer to reflect on your Credit History Reports. Very often we must write a series of letters challenging the credit bureaus. Each time we must allow them 30 days to respond. It can feel like a slow process, but hang in there, because it does work and the end result will save you a tremendous amount of money.

CAN YOU HELP WITH BANKRUPTCIES?

Yes, by disputing the accuracy of the items on your report and what accounts were included in your bankruptcy we can verify that all information is correct and up-to-date. 

HOW IS MY CREDIT SCORE CALCULATED?

35% - Payment History

30% - Debt Ratio

15% - Length of Credit History

10% - Types of Credit

10% - Number of Credit Inquiries

The percentages show how important each of the categories is in determining your Credit score. We will help you to remove negative items from your payment history. We will also show you how to maximize your debt ratio score, even if paying off credit cards is not an option.

WHAT ITEMS AFFECT MY CREDIT SCORE?

Credit scoring models are complex and often vary among creditors and for different types of credit. If one factor changes, your score may change — but improvement generally depends on how that factor relates to other factors considered by the model.

Scoring models generally evaluate the following types of information in your credit report:

· Do you pay your bills on time? Payment history is a major factor in credit scoring. If you have paid bills late, have collections, or declared bankruptcy, these events will not reflect well in your credit score.

· Do you have a long credit history? Generally speaking, the longer your history of holding accounts is, the more trusted you will be as a borrower.

· Have you applied for credit recently? If you have many recent inquires this can be construed as being negative by the credit reporting agencies. Only apply for credit when you really want it.

· What is your outstanding debt? It is important that you are not using all of your available credit. If all of your credit cards are maxed out, your scores will reflect that you are not managing your debt wisely.

HOW DO I GET STARTED?

Just complete our simple online signup form and provide us with the necessary identity verification documents. The sooner we receive these documents, the quicker we can begin your process! (No payment is required to sign up.)

DO I PAY AT SIGNUP?

No, you do not have to make a payment until your enrollment process is complete and your file has been completely processed.