Credit Repair Questions - FAQs
What is credit and how does it work?
Credit refers to money that a person is allowed to borrow. This can be money loaned from a financial institution, such as bank loan, a car lease, a home mortgage, credit cards, department store credit cards, and so on. A person's credit history refers to their history of using money and other forms of credit. This includes a person's history of paying utility bills, rent, interest and principle on loans, and other financial responsibilities.
Click here to learn how
to repair credit scores and how much credit repair services should cost.
Credit Repair How tos
Who sees my credit information?
There are a number of people and institutions that can request a 'credit check' on an individual, including lending institutions, landlords, employers, and credit card companies.
Can I see my credit
history/information?
Yes. Every individual has the right to request copies of their
credit reports from the three primary Credit Reporting Agencies.
Find the contact information below.
Can my credit be repaired?
Everyone's credit can be repaired. If there is inaccurate
information contained on your credit report, it can be disputed and
corrected. Those who have negative, but accurate, information on
their credit reports can repair their credit rating over time, by
paying off debt and bills in a timely fashion and ensuring that they
keep all payments and obligations in check. How to fix credit scores
depends greatly on the items that must be addressed.
How does a company fix my credit?
A reputable credit repair company will follow a process in repairing credit. Read through
our credit repair programs
page to understand what this process should include. How to repair your credit report will
depend on the details and items that need to addressed. Every
client's needs should be individually assessed.
How long does it take to repair my
credit?
Typically, it will take between 60-120 days. The amount of time
it takes depends greatly on the credit report in question and the steps
required to address every different situation.
What are the costs of repairing my
credit?
Compared to the cost of having bad credit, very little. Bad credit
affects many aspects of a person's life, both at present and in the
future. Those with a bad credit rating pay more for everything,
whether it be a mortgage, car lease, furniture, or credit itself. A
bad credit rating means you pay higher interest because you are a
greater risk to a lending institution than a person with a good
credit history. See our credit
repair costs page for full details of the price of credit
repair services.
Where do I get my credit reports?
You can request copies of your credit reports from the three Credit
Repair Agencies. However, the best way to access all three of your
credit reports is through a new program introduced by the government
that provides a central location through which individuals can
request copies for free once annually. Learn how to request your
copies by visiting the
FTC's free credit reports page.
You can also request copies from the three agencies listed below,
however, understand that they will charge you for these copies.
Equifax
1-800-685-1111
www.equifax.com
Experian
1-888-EXPERIAN (397-3742)
www.experian.com
Trans Union
1-800-916-8800
www.transunion.com
Can my credit be fixed online?
There is typically no reason why you need to visit a company's office
in person. All services are typically provided online and clients
should be able to log in
at their leisure to monitor the progress of their account. Clients
should always be kept up to date to help them understand how to fix bad
credit and build a better credit report.
What information do I need to begin?
Read through the outline of the repair services provided on our credit repair programs page.
Looking for more information?
Read through our suggested readings on
our credit repair resources
page.
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Credit Repair Organizations Act
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