Most frequent questions and answers

Yes, it 100% legal. According to the FTC (Federal Trade Commission) and the FCRA (Fair Credit Reporting Act) a consumer has the right to question and ask for an investigation for every negative item on their credit report.

The average credit file takes 3 to 6 months to repair.

There are 3 major Credit Bureaus: Experian, Equifax and Trans Union. All three bureaus act independently and all have their own scoring systems.

Your credit report contains your personal information (name address, date of birth, SS#, etc.); it is made up of your entire credit history, both positive and negative, for the last 7 to 10 years.

Account Mix: If you have too much of one type of debt this will lower your score.
History: Length of credit history, number of credit card accounts, credit card activity, credit card balances, charge off accounts, late payments, collection accounts, public records, number of inquiries.

Your credit card balance should be between 20-50% of your credit card limit. (eg: If your credit card limit is $1000, your balance should stay between$200-$500)

Late Payments, Charge off Accounts, Collection Accounts, Public Records (Bankruptcies, Judgments, Tax Liens)

Late Payments: 7 years
Charge off Accounts: 7 years
Collection Accounts: 7 years
Public Records: Judgments: 7 years
Bankruptcies: 10 years
Paid Tax Liens: 10-15 years
Unpaid Tax Liens: Indefinitely

Negative items are removed by requesting the Credit Bureaus to investigate the creditors and verify the negative information they are reporting according to the guideline s in the FCRA.

The FCRA states that even if negative information belongs to you, if the information contains any inaccuracies, is not being reported and handled according to the guidelines set by the FCRA or cannot be verified in its entirety, then by law it must be removed. Statistics show that inaccuracies occurs more than 70% of the time in a credit file.

This rarely happens. There are consumer laws to protect you from negative information being re-inserted to your credit file, but in the event that it does, these same laws are used to have the information removed permanently.

No. it will now begin to report as a paid debt and will have a reporting life of 7 years.

Temporarily and then they will drop again. Credit scores are partially based on credit activity. If there is no activity it negatively affects your credit score.

Pull a recent copy of your credit report and then have a consultation with one of our credit repair specialists.

1.Pay your bills on time and try not to add any additional negative accounts to your credit file while it is being repaired.
2.You must follow the individual advice of your credit consultant; remember they have your best interest in mind.
3.Furnish the necessary documents requested by the Credit Bureaus and return all responses you receive from the bureaus in a timely fashion or your credit repair process will be delayed. The bureaus will not accept responses for re-investigation that are more than 3 months old.