Frequently
Asked
Questions
How Long Does Credit Repair Take?
Your "traditional" credit repair companies will say that they can fix your whole file in less than 6 months. That's just false. Credit repair is something that takes time,
so if you want to get a new car or house in the next 3 months it won't happen. Unless you get lucky and the bureaus listen (which they don't). Schedule a free consultation with us to know more about your credit report
What makes my credit good or bad?
Whether you have good or bad credit is based on your credit history. Find out what your credit history looks like by checking your credit report. Your credit report has i...
information about whether you pay your bills on time, what loans and credit cards you have (and the amounts you owe), and whether you’ve filed for bankruptcy. The more positive information you have in your credit report, like on-time payments and low credit card balances, the better your credit will be.
Why is their a need of repairing credit?
Because your credit record will influence your qualification for credit in the future, and could possibly affect rates for your current credit lines. Accordingly, if your credit report is incorrect, the reparation of the credit file will help improve your chances...
A good credit score helps you obtain low interest rates and long term loans, like home loans or car loans. Lenders may charge high interest rates or impose undesirable repayment plans for you. Given the stakes and the consequences involved, it is clearly to your advantage to work toward recovering from a bad credit rating.
What is a credit bureau?
A credit bureau is like a big data company that monitors how well you manage your money. They gather data on things like whether you pay your bills on time or if you have outstanding debts.
This data is then shared with banks and credit card companies so they can decide whether to lend you money or issue you a credit card. The main ones are Equifax, TransUnion, and Experian.
What happens if there’s negative information in my credit report?
Credit bureaus sell the information in your report to businesses that use it to decide whether to loan you money, give you credit, offer you insurance, or rent or sell you a home. Some employers use credit reports to decide...
whether to hire you. Whether you have a good or bad credit history also affects how much you’ll have to pay to borrow money. If there’s a lot of negative information in your report, you might have to pay more in interest.