Why Credit Repair?

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So just like many people out there, you may be wondering why is credit so important? How can I get my credit in tip-top shape?

Having a high credit score and a clean credit history is what many consumers need in order to make many important decisions in their lives. Whether it’s to obtain that credit card with special incentives, obtain a personal or business loan, purchase your car or dream home, or even refinance your current home for a better interest rate. All of these things can only be done with a good credit report and high scores.

While some might try credit repair on their own, it is not always recommended. It’s much more effective to hire an expert to repair your credit than it is to do it yourself for several reasons. You may get far on your own, but it will take a lot of precious time and energy out of your busy life. At The Credit Repair Team, our specialists will handle everything on your behalf so that you don’t have to worry and can spend your time doing things that you enjoy the most.

At The Credit Repair Team, we believe in perseverance, determination, and most importantly – TEAMwork!

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The 3 credit reporting agencies that we will take on for you include:
Equifax, Experian & TransUnion

There are different steps that are part of the Credit Repair Process

Make requests to validate the information on the credit report

Send disputes for erroneous negative items to all three bureaus

Send cease-and-desist requests to debt collectors

It may be recommended that you apply for new accounts to add more positive information to your reports. This decision is entirely dependent on your credit history and may not be suitable for everyone.

What Can Hold You Back From A Perfect Score?

Read the items below that could possibly be coming between you and your perfect credit score…

Typically inaccurate personal information is the first way to identify the accuracy of a credit report. Personal information can consist of names, aliases, date of birth, current/previous addresses as well as current/previous employers.

Late payments whether 30 days or 120 days late will affect your credit report and score. We will dispute with the bureaus as well as the creditors to verify the accuracy of any late payments being reported. 

Collections from third parties and charge-offs from original creditors can seriously affect your credit scores. Not only verifying but validating the debts for accuracy is very important and can make the difference between a low and high credit score. They may appear on your report for up to 7 years.

Medical bills can be both intimidating and daunting. Medical bills may also reflect on your credit report as a collection, most likely with third party collection agencies. These collections can bring down your score tremendously.

Whether you applied for a store credit card or tried financing a new car, a hard inquiry will appear on your credit. Different from a soft inquiry, a hard inquiry will appear on your credit for atleast 2 years and will make a serious affect as soon as it hits your credit.

Student loans are very important to keep track of regardless of their status or who the lender is. Whether being paid for, in deferrment or forbearance, a student loan may affect your credit score by reporting any derogatory marks such as being late or defaulted on. Just like a collection, this may affect your credit for up to 7 years.

Defaulting on a home or going into foreclosure can bring down not only your credit score but damage your chances of being approved for credit in the future. Ensuring foreclosures or subsequent sales or short sales are reported accurately can make the difference of having a damaged report or having a clean slate for your next home.

Bankruptcies can vary in different types such as Chapter 7 or Chapter 13. Regardless of the type of bankruptcy, these legal processes will reflect on your credit report as well as on your individual account statuses. After bankruptcy it is important to ensure that everything is reflected accurately to avoid any further damage to your credit.

Just as an unpaid collection is reported, unpaid child support dues may also be sent to report on your credit. Ensuring the accuracy of child support reporting on your credit can make the difference of a high and low score.

Public records may include bankruptcies as well as tax liens, judgments and even foreclosures and reposessions. Typically court processes will appear as a public record and have serious damage on your credit scores and appear for up to 10 years.

We’re here to help every step of the way

Credit 101

Credit Score Breakdown

Your individual credit scores will range between 300 and 850. The higher the score, the better the credit. Your credit score will also fall into 1 of the 5 categories.

The categories include: Excellent, Good, Very Good, Fair, & Very Poor. 

  • 21% of people have an excellent credit score ranging between 800 and 850.
  • 25% of people have a very good credit score ranging between 740 and 799.
  • 21% of people have a good credit score ranging between 670 and 739.
  • 17% of people have a fair credit score ranging between 580 and 669.
  • 16% of people have a very poor credit ranging between 300 and 579.

What Pieces of the Pie Make Up Your Credit Score?

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