What is credit repair?
Credit repair is the process of challenging credit report information by formal dispute. The main goal is to dispute the negative information on a credit report based on their accuracy and completeness, timeliness, and verifiability with the 3 major credit bureaus and/or creditors to have the information permanently repaired or removed.
How long does credit repair usually take?
The time required for credit repair varies per person and mostly depends on your credit situation or issues. Most credit repair companies have a decent progress within the first 90 days. However, this is contingent upon two other factors: (1) the severity or number of negative items on your credit, and (2) the cooperation of the credit bureaus and creditors. Dispute letters are sent out in carefully timed rounds or every 35 - 45 days to the bureaus and/or creditors. They have within this time to investigate and respond back to you with your investigation results. Once they do, the cycle is repeated, as credit repair is a repetitive process and may take time. Some people will see best results faster than others, for less severe cases it could take between 6 - 12 months, while more severe cases may take longer, or between 12 - 24 months.
What is the process for credit repair?
There is a process that most credit repair companies utilize when repairing their clients' credit to be more effective and efficient. Here is an outline to guide you through the entire credit repair process below:
- Obtain your 3 credit reports from the major bureaus or Big 3: Equifax, Experian, and TransUnion.
- Dissect your credit reports, find the negative items to dispute, and assign the credit repair tactic.
- Personalize and prepare dispute letters on your behalf to the credit bureaus and/or creditors.
- Mail out all dispute letters in carefully timed rounds and track the time.
- Ensure we receive your investigation results that you have received from the bureaus and creditors and provide the means to receive them promptly.
- Repeat the cycle until most or all disputed items have been repaired or removed. This will take persistence, variety (using new interventions), repetition, and patience.
Can bad credit really be removed from my credit report?
Having the credit bureaus and creditors remove the negative information based on their accuracy and completeness, timeliness, and verifiability is what credit repair is all about. Negative items get deleted by the thousands every day. Any type of negative item can be deleted or removed from a credit report including; late payments, collections, charge-offs, judgments, repossessions, foreclosures, and bankruptcies. The credit bureaus do NOT want consumers to know that negative items can be removed or deleted and they will NOT make the process easy at all.
Overview of the FCRA:
- Provides consumers with a free copy of their credit reports once a year and ensure that they can purchase them at a fair price.
- Regulates who can have access to your credit reports for "permissible purpose."
- Details how long negative items can remain on a credit report.
- Details how credit bureaus must handle disputes.
- Details how data furnishers must handle disputes.
- Details that once a negative item is deleted as a result of a consumer's dispute; it may not be re-inserted without a written notice 5-days prior to re-insertion.
- Allows consumers the right to challenge/dispute the negative items based on their accuracy and completeness, timeliness, and verifiability. If, after a credit bureau's investigation, the item is found to be inaccurate, incomplete, outdated, duplicated, or unverifiable, the bureau MUST promptly delete it.
Will the negative deleted items reappear on my credit again?
The FCRA provides that a credit bureau cannot just re-report information without a written notification 5-days prior to re-insertion. Should an item re-appear on your credit, it is as simple as sending a dispute letter again, this time noting the violation of the FCRA to the credit bureau reporting the information and is highly unlikely to happen.
What negative items will you help me get removed from my credit report?
Any and all negative information that is inaccurate, incomplete, outdated (not within the allowable reporting times), duplicated, or unverifiable with the credit bureaus and/or creditors to have the information permanently repaired or removed. The negative items include any late payments, collections, medical collections, charge-offs, repossessions, judgments, foreclosures, bankruptcies, and student loans that have late payments or in collections.
These people had amazing results
"New Start Credit Pros worked so hard for folks like us that have poor credit. They bumped my score up 195 points in a blink of an eye!!! Highly recommend these folks no question. Thanks"
Richard F. 2020
"I have done business with New Start Credit Pros (formerly Gulf Coast Financial Solutions), since 2009. Great company! My credit was in the mid-500s, I have great credit today because of their business. Great family operated business! I recommended them to my friends and family."
Sean M. 2009