This more aggressive intervention requests documentation to corroborate the information that they are reporting in your credit reports and proof of a creditor’s compliance with various consumer protection statutes. If the debt is not validated within the FCRA time-frame, the account is credit repair deleted from your credit report. If the creditor sends in the required documents they are forwarded to the CFPB for review. The CFPB will then make a determination of whether the documents meet the criteria outlined by the FCRA for debt validation and either delete or verify the account. We will request that all of the creditors reporting inquiries on your credit reports provide proof of their permissible purpose for pulling your reports. If they have the proper authorization, the inquiry will stay, if they can’t verify their permissible purpose, the inquiry is deleted.

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A company that isn’t transparent with their pricing or the services they offer could be a scam and I suggest you look for services elsewhere. The Credit Repair Organizations Act outlines clear guidelines for how credit repair companies can operate. It aims to protect consumers by banning misleading and deceptive business practices and guaranteeing certain rights and protections for consumers. 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. We work with the credit bureaus and your creditors to challenge the negative report items that affect your credit score.

You can request your reports online, by mail, or over the phone. If you’re mailing in the request, use the form provided on the website and send it to the listed address. Also, note that the Fair Credit Reporting Act (FCRA) ensures you have certain rights when it comes to your credit. If you have been wondering how to repair your credit, then you have come to the right place.

We can provide that too, during our free consultation with one of our awesome professionals who will take care on fixing all those issues in no time at all. If that’s all you’re looking for you can find hundreds of other credit repair companies to do just that. Find another credit repair company that’s going to file an investigation with the CFPB or contact the OCC on your behalf. Did you know nearly every single “Big-Box Credit Repair Company Competitor” uses cheap, weak, & ineffective electronic disputes that you can do for FREE on Credit Karma? Building credit can feel challenging, especially if you’re starting with a low score or no credit history. While your current score may give you fewer options than someone with an excellent score, it doesn’t mean you’re out of luck.

Potential Criminal Charges

You don’t need to include documentation, but if you have it, send copies—not originals. You don’t need fancy tools or a credit repair company to fix your credit. In fact, most of them follow the same steps outlined in this guide—except they charge monthly fees or upfront costs for something you can do yourself, often for free. Now apply that across car loans, credit cards, and even rental applications—and you can see why it pays to fix your credit.

Next we initiate your “deletion gameplan” for your unfair negative items. First we carefully match the correct Credit Laws with each corresponding unfair negative item to reference in your customized dispute letters. For consumer debt we often reference F.D.C.P.A. Laws and for medical debt we often use H.I.P.P.A. Privacy Laws. Now we have the facts to write a series of very aggressive personalized deletion letters to each Corrupt Credit Bureau, Unfair Original Creditor, and/or Unethical Collection Company!

You’ll Know Who To Trust When You See The Bbb Seal

Collections are one of the most damaging things on your credit report—but if you’re not careful, trying to fix them can actually hurt more than help. It might seem faster, but many consumer rights get waived when you use online forms. Disputes sent by mail create a paper trail and often get more thorough reviews. Always send your letter by certified mail with return receipt requested.

Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability. As Los Angeles propels into the future, fostering a culture of credit-awareness and financial empowerment will be instrumental in ensuring its luminance never dims. Beyond the glitz and glamour, LA’s foundational industries rely on a community cognizant of their credit standing. Access to favorable financial opportunities, from securing prime real estate to launching start-ups, hinges on credit health. Trust in Best Credit Repair’s Debt Inquiry and Validation service to be your beacon in the vast realm of credit management.

Credit monitoring, on the other hand, keeps track of your credit reports for any changes or new entries, but it doesn’t actively dispute information like credit repair companies do. No, credit repair agencies cannot legally remove accurately reported negative information from your credit reports. Information like late payments and accurate account histories will remain on your report for the appropriate time, typically up to seven years.

Each credit application triggers a hard credit check, potentially lowering your score by up to five points and reducing your average account age. Opening a lot of new accounts in a short amount of time can be a red flag that makes lenders think you’re desperate to borrow money. To build credit good credit, only apply for credit when truly necessary and keep your credit shopping within a 15-day window so the hard credit checks aren’t counted separately. It’s a good idea to check your credit report for errors at least once a year, although you may want to do it more often if you plan to apply for a loan for a major purchase. Better pricing and better rates go to those people with better credit scores. We will outline our services in the simplest way possible to help you understand how we can represent you to the credit bureaus.

Doing so won’t remove negative entries on your credit reports, but it will lead to notations that the debts have been paid. Newer versions of the FICO® Score and VantageScore credit scoring systems ignore paid collections, so if a lender uses a score based on one of them, paying the collections account could improve your credit picture. If you’d like to patch up a spotty credit history and rebuild tarnished credit scores, be aware thatfor-profit companies offering “credit repair” services often leave customers in worse shape than they were before. Not only that, but they can’t do anything for you that you can’t do yourself for free.

Although the majority of our credit clients are referred to our services by Real Estate Agents and Loan Originators, we are deeply connected to a vast network of companies and professionals all across the country. We would be happy to make the connection with our partners for you. Typically, any business we refer you to will be our Preferred Partner and have been vetted by us. We trust them to provide the highest level of service complimentary to the service The Phenix Group provides to our consumers. Resolving our clients’ challenges and providing them with the stepping stones necessary for realizing their goals is the pulse that keeps our company beating. From debt settlement to loan consolidation to charge offs, The Phenix Group is ready to help you improve your credit and lifestyle today.

For users of credit repair companies, having a professional go to bat for you is worth the expense —especially when the result is a major increase in your credit score. Brokerage services for Atomic are provided by Atomic Brokerage LLC (“Atomic Brokerage”), member of FINRA/SIPC and an affiliate of Atomic, which creates a conflict of interest. See details about Atomic, in their Form CRS, Form ADV Part 2A and Privacy Policy. See details about Atomic Brokerage in their Form CRS, General Disclosures, fee schedule, and FINRA’s BrokerCheck.

These are not just bad ideas, they’re also scams — and they’ll hurt your credit if you buy into the scam. If a company promises to create a new credit identity or hide your bad credit history or bankruptcy, that’s also a scam. These companies often use stolen Social Security numbers, or they get people to apply for Employer Identifications Numbers (EINs) from the IRS under false pretenses. If you use a number other than your own to apply for credit, you won’t get it.

If your credit reports reflect payments you missed or paid late by 30 days or more, those delinquencies are hurting your credit score. Missed and late payments remain on your credit reports for up to seven years. Their negative impact on your credit scores will diminish over time, but for long-term improvement, avoiding missed payments is crucial. Some strategies they use include disputing questionable negative items, proving fraudulent information is incorrect, or asking creditors for a goodwill adjustment if you have a solid history minus one mistake or two. So, for example, a company might dispute a late payment if you didn’t actually pay late or they may negotiate with a credit card issuer to resolve any charge-offs listed on your credit file. Credit repair involves disputing incorrect or inaccurate information on your credit reports to improve your credit score.