What is Credit Repair?
Credit repair is the process of addressing and removing the questionable negative items that are impacting your credit profile. In fact, millions of Americans are victims of inaccurate or unfair negative items wrongfully lowering your credit score. Most don’t even know their credit score has been affected. To remove a negative item, credit reporting agencies require you to work through their complicated online systems and send a series of formal dispute letters. To make the disputing process easier, USA Credit Help can identify and challenge questionable negative items on your behalf using our patented credit repair process.
How USA Credit Help Works
Your credit reports and scores can determine your ability to buy a car, home and get the lowest rates on insurance and other incentives. Good credit is also important for expanding businesses, home improvement projects, and purchasing large items on credit terms.
The importance of good credit cannot be underestimated, by carefully following your credit scores you can understand credit better.
We dispute all inaccurate, unverifiable or negative items on all three of your credit reports to increase your credit scores wherever possible in 35-45 days.
We hold the credit bureaus accountable to report 100% accuracy on your behalf, based on the Fair Credit Reporting Act requirements.
The results we achieve for our clients are nothing short of amazing, using our strategic, proprietary techniques.
1. We obtain your credit reports and create a plan targeting the questionable negative items affecting your credit score.
2. Dispute negative items with all 3 Credit Bureaus on your behalf.
3. For negative items requiring additional correspondence, we keep the process going and ensure your credit rights are fairly represented.
Only information that is inaccurate, untimely, misleading, incomplete, ambiguous, unverifiable, biased or unclear can be challenged. Anything that is accurate, even though it may be negative, cannot be formally challenged with the credit bureaus.
Why should I use a Credit Repair Company?
Errors are more common than you might think. And if you have items on your credit report that aren’t 100% accurate, entirely fair and fully substantiated, you want to consider credit repair—either do-it-yourself (DIY) repair or by hiring a professional
The most common reasons are that individuals either have already tried themselves with limited results, the credit bureaus make it very hard to file disputes and if they are not accustomed to the credit bureaus procedures they can actually make it worse by filing incorrectly or they just don’t have the time to undertake this task. If you decide to use USA Credit Help, you can be assured that you will be receiving the best assistance and service possible.
How long does negative information remain on my report?
Credit bureaus report credit information for a period of seven (7) years. Some states have special provisions for collections and paid liens. Chapter 7, Chapter 11 and Chapter 13 Bankruptcies are each reported for 10 years and the date is measured from the date of the filing.
How long would it take USA Credit Help to repair my credit?
This really depends on the state of your credit reports when we start helping you.The definite advantage we offer is we will start working on your credit the same day. But the time varies depending on the initial credit status of each customer. On average it takes between 90 to 180 days for USA Credit Help to repair your credit, as long as you are sending the credit information to us in a timely manner.
That being said, we have helped hundreds of thousands of people each year work to repair their credit, and typically they’ve stayed with us for six months. With our team of professionals, credit monitoring software and our timely procedures our removal process is streamlined to get you results.
Your Credit Rights
The Fair Credit Reporting Act (FCRA) plays a major role in the credit repair process as it’s laws protect consumers by governing credit bureaus and the furnishers of credit information like creditors and financial institutions. Some of the key laws and rights granted in the FCRA include:
• Credit bureaus are required to provide one free credit report every 12 months.
• Credit bureaus are required to verify the accuracy of information listed on the report.
• Creditors and financial institutions are required to only report complete and accurate consumer information.
• Consumers can challenge incorrect and incomplete items listed on a credit report.
• Consumers can seek damages from credit bureaus and furnishers violating the FCRA.
• Consumers can limit who can access your credit reports.
• Consumers can request if your credit report is being used against you financially.
The team at USA Credit Help will help you understand your credit profile and rights as a consumer during our free credit consultation.
What You Get with USA Credit Help Services
Repair Your Credit History
Credit repair companies work with the credit bureaus and your creditors to challenge the negative report items that affect your credit score. They ensure your credit history is up-to-date, accurate and honestly reflects your finances. We also run into instances where there are misreported information on your report. This happens more often than people think, during our process we will remove all inaccurate items and make sure they remain off of your report.
Monitor Your Credit Profile
24×7 Credit Monitoring and Alerts powered by Credit Karma, Experian or another provider lets you stay aware of the changes and updates on your report. They provide customized information about your reports along with any changes that may occur, with guidance about how those reported items affect your score.
Build Your Financial Future
Rebuilding and protecting your credit is another important step to a stronger financial future. For example, keeping a balance of 20% or less on any credit card or installment account can increase your credit scores quickly. Starting with a secured card that reports to all three credit bureaus, we can easily show you how to rebuild without incurring new debt! There are several techniques and tools USA Credit Help offers to rebuild your credit, your lifestyle, YOU!
What are the most common factors that can negatively affect a credit score?
Here are the top, most common negative score factors. Note that the specific wording given by your lender may be different:
• Serious delinquency or Late Payments
• Serious delinquency, and Public Record or collection field
• Time since delinquency is too recent or unknown
• Level of delinquency on accounts is too high
• Number of accounts with delinquency is too high
• Amount owed too high on accounts
• Ratio of balances to credit limits on revolving accounts is too high
• Length of time accounts has been established is too short
• Too many accounts with balances
What can I do to improve my creditworthiness and maintain it?
It takes time and there is no quick fix for eliminating past aspects of your credit history that may be negatively affecting your credit score. Credit scores are based on your credit history and can generally only be changed over time. “Credit repair clinics” often claim they can remove negative information from your credit report instantly for you, but beware – these claims can be false and may even be illegal.
Remember – accurate and timely negative information cannot be removed from your credit file. Your best approach for establishing creditworthiness is to handle your credit responsibly over time.
Credit scores can change gradually over time as one’s overall credit picture gets better. This happens by consistently engaging in creditworthy behavior going forward, such as paying your bills on time and using credit conservatively.
Here is a quick Do/Don’t list:
Pay your bills on time. Delinquent payments and collections can have a significant negative impact on your score.
If you have missed payments, get current and stay current.
Pay off debt rather than shifting it to other accounts.
Re-establish your credit history if you have had problems. Opening new accounts responsibly and paying them off on time may help in the long term.
Apply for and open new credit accounts only as needed.
Keep credit cards but manage them responsibly. In general, having credit cards and installment loans (and paying timely payments) may favorably impact your credit score in the long term. If you are having trouble making ends meet, contact your creditors or see a legitimate credit counselor.
Keep balances low on credit cards and other revolving credit.
Shop for rates for a given loan within a short period of time. The Equifax Risk Score distinguishes between a search for a single loan and a search for many new credit lines, partly by the length of time over which inquiries occur.
Close unused credit cards as a short-term strategy to try to raise your score.
Open a number of new credit cards, just to increase your available credit. This approach could actually have a negative impact on your score.
If you have been managing credit for a short time, avoid opening a lot of new accounts too rapidly. Adding new accounts will lower your average account age, which could have a negative impact on your credit score, particularly if you are a new credit user.
Your Credit Score is calculated by:
Payment History & Late Payments: 35%
Credit Utilization: 30%
Number of Credit Inquiries: 15%
Length of Credit History: 10%
Credit Diversity & Types of Credit: 10%
Below are the reasons for “Bad Credit”
Delinquencies from late credit card payments, store card payments, car or mortgage payments or any revolving account you have, may remain on file for seven years from the date of the initial missed payment. A single late payment reported on your credit reports can cost as much as 60 points. We dispute all late payments and make the credit bureaus prove their validity because they are so devastating to good scores.
Most collection accounts will begin at the end of a 6 month period of late payments. Typically, they will remain on your reports for 7 years if not properly disputed. Many errors on credit reports are due to improper reporting of collection accounts. Once an account has gone into collection, paying them off will not remove them from your reports as one may think. While the debt may be eliminated, helping your debt/income ratio, it will still remain as a negative for all potential lenders to see.
Paying off a charged off account will not remove it from your reports, and remain for 7 years, unless properly disproved and disputed. Since the original debt is sold to collection companies for pennies on the dollar, the collectors are very intense about trying to collect from you because the commission they receive by collecting your debt is huge. Most accounts that are charged off were sent to a collections company first, so they may actually appear twice or three times on your credit reports, which is technically not legal. We dispute all accounts that are negative, no matter how many times they appear on your reports.
When closed accounts show up on your reports, it contributes to your credit history and age, which is not a bad thing. If the closed account was negative, we will dispute it’s validity to get it removed or updated to positive. While they may be reported for up to 10 years, most are easily removed.
These can remain on your credit reports for up to 10 years, depending on their status. Once the judgment or lien is paid off, it can still remain on your reports as a negative. We dispute all judgments and liens as many record keeping entities do not record and report the information correctly.
Most hard inquiries to view your credit scores will remain on your reports for two years. Some lenders will excessively inquire about your scores and value to several banks in order to attempt getting you approved. Car dealers and mortgage brokers can check your credit multiple times if you do not monitor them, costing you several points, and credit worthiness.
A ‘soft” inquiry is like taking a “peek” at your credit reports to see if anything drastic has changed. These will not impact your credit scores. They may be performed by your insurance company, employer or cable/phone companies to monitor your ability to pay them. USA Credit Help will view your credit reports without causing an inquiry to occur.
More About USA Credit Help
We help build better credit scores using our strategic, proprietary methods to make sure your reports are 100% accurate. The credit bureaus are “for profit” organizations that make money by reporting your information to lenders. Your credit reports and scores can determine your ability to buy a car, home and get the lowest rates on insurance and other incentives.
Good credit is important for expanding businesses, improving homes, and purchasing large items on credit terms. The importance and protection of good credit cannot be underestimated, and carefully following your credit scores will help you understand credit better.
We dispute all inaccurate, unverifiable or negative items on all three of your credit reports to increase your credit scores wherever possible. We hold the credit bureaus accountable to report 100% accuracy of your reports on your behalf, based on the Fair Credit Reporting Act requirements. The results we achieve for our clients are nothing short of amazing, using our strategic, proprietary