We're here to answer your questions, no matter how small
| Who needs credit repair? |
 ANYONE WHO IS PAYING TOO MUCH FOR SOMETHING THEY ARE FINANCING!!! As consumers we must realize many banks are willing to lend on damaged credit reports, but at what cost? Look at how much banks profit on your bad credit.
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Scenario 1: 20,000 automobile paid over 5 years:
| Credit Status |
Rate |
Payment |
Cost of Bad Credit |
| Perfect |
3% |
$359.37 |
$3,934.20 |
| Mild Damage |
10% |
$424.94 |
$3,934.20 |
| Damaged |
17% |
$497.05 |
$8,260.80 |
If you were surprised how much more you would pay on an auto loan, look at how much more bad credit will cost on your home loan:
Scenario 2: $200,000 home paid over 30 years:
| Credit Status |
Rate |
Payment |
Cost of Bad Credit |
| Perfect |
5% |
$1073.64 |
$0.00 |
| Mild Damage |
8% |
$1467.53 |
$141,800.40 |
| Damaged |
13% |
$2212.40 |
$409,953.60 |
These examples explain what bad credit costs in universal language, "dollar terms". Here's the bottom line; bad credit will always cost you! This does not apply only to auto and home loans, but to everything you buy and every dollar you borrow. An individual with bad credit will pay more every time.
| How long does the process take? |
It takes up to 90 days on average to see a significant score increase and really feel the benefits that come with an improved credit score (Fico Score). Some cases take a little as 30 days.
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| Do employers and landlords run your credit? |
Employers and landlords are interested in determining your level of responsibility. The best tool available for measuring your responsibility is through your ability to payback debts. While this may not tell the whole story, it is the most widely used system today. Therefore, people can be turned down for jobs or denied living space because of their credit history.
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| How else can I benefit from credit repair? |
You can get credit cards with 0% balance transfers and lower rates. You will have access to larger lines of credit which can be used to take a vacation or buy something nice. Whatever your motivation is for credit repair, from this day forward your experience with credit grantors will be more pleasant.
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| How are credit scores calculated? |
Credit Scores have been used for years to determine your eligibility for obtaining and handling credit. Credit scores use a very complex system. This system takes into consideration numerous factors and uses a variety of analytical programs. A few examples of these factors include payment history on recurring bills, delinquent accounts, accounts that are in collections, as well as bankruptcies and others. The analytical systems compare your credit history and background with other consumers who are in similar financial situations in order to assess the risk that the debt will be handled appropriately and repaid. The scoring system assigns points to indicate your ability to repay debt in the future. The points are then added up to give you a "credit score" which can be the most important factor in determining whether or not you qualify for credit.
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| Are items such as bankruptcies and foreclosures impossible to remove? |
Every negative listing can be removed from a credit report. Although negative items like bankruptcies and unpaid debts are more difficult to remove from your credit report, this is due to the way that credit bureaus operate rather than the severity of the credit item. For example, tax liens and judgments are severely negative items, yet they are much easier to remove
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| Does the CCCS help consumers restore credit? |
Consumer Credit Counseling Service, also known as CCCS, is a nonprofit counseling service that attempts to assist consumers who cannot manage their debt. CCCS is paid for and run by the credit bureaus and credit grantors. Sometimes they can provide a beneficial service to the consumer, although the credit bureaus and the CCCS have mutual interest you cannot expect the CCCS to fix your credit. In addition, if you choose to leave CCCS before you have completed their program they can list this as a negative item on your credit report. Often when you use CCCS creditors will put this on your credit report. When applying for credit credit grantors will see this has a red flag. Remember, it is important to pay off your debts but this alone will not restore your credit.
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| Can I do credit repair on my own? |
By law you have that right. However, restoring your own credit is like representing yourself in court; it is possible, but are you willing to spend the time and take on the risks of doing it yourself? We have spent years researching laws and various methods for credit repair. With our experience we can effectively repair your credit in a timely manner.
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