Credit repair is a service provided under the CROA that allows credit repair service providers to assist consumers in the correction of items on their consumer credit reports that prove to be inaccurate, outdated, or unverifiable. Any credit repair agency that claims to be able to remove ANY item other than those identified above is in violation of the Credit Repair Organizations Act (CROA).
Our service works by working with the creditors and credit bureaus to find legitimate reasons to have incorrect, unfair, or questionable items removed from our clients’ credit reports. Often, we can find violations of certain requirements of those creditors. If we do, we leverage those violations as a way to get the creditor or bureau to remove the item in question.
Well we don’t know exactly how many can be removed from your credit report without doing a consultation or an audit of your credit report.What we will say is, we can’t tell you upfront that ANY item can or will be removed from our clients’ credit reports. Legally what we can say as a legally compliant credit repair agency, we can only remove items that show to be inaccurate, outdated, or unverifiable. However, MANY items on most people’s reports could fall into one of those categories..What we can say is we have help remove bankruptcies, collections, foreclosures, charge-offs, repossessions, credit card debt, student loans, inquires, late payments, old addresses, judgements, tax liens, child support and more. And alway remember just because it’s deleted from your credit report it doesn’t mean that you don’t owe it. Again, we just can’t make you any promises about specific items.We can discuss this more if you book a consultation.
We actually do not provide a time frame. We have had clients that get things corrected in 3 days all the way up to 4 to 6 months. However, this is not saying all items will be removed in that time frame or that all items will be removed at all. This is just the usual time frame people choose to stay in our program. Since we charge only when we get your results, we work to achieve those results as fast as possible. The sooner we help you get repaired, the sooner we are able to help you reach other goals such as buying a home, getting a car, starting a business, etc.
We understand that our business model seems strange to some people. I mean… who provides a professional level service at no cost until we get your results? We take all of
the risk on the front end.Every thing is $50 per delete per bureau after we have got results for you.
The simple answer is because the credit bureaus say so. Unfortunately, there is wording in the law to require you to give them information. If you don’t supply the proof of your identity and address, the bureaus will simply ignore your dispute and you will get nowhere. Below is a list of what can be used as proofs:
Driver’s License
Passport
Utility Bill
Pay Stub
Social Security Card
W2 Forms
Lease Agreement
Bank Statement
Cancelled Checks
Day Care Bill
Car Insurance Bill
Your address must match on ALL forms of ID
As much as we would like to, there is simply no way to know the answer to this question. There are far too many factors involved in the credit scoring model. The biggest variable being the “human factor”. We don’t know what you are going to do during this process. You might get new late payments, max out credit cards, get new
credit, get new collections, get a judgment placed against you, or one of hundreds of other things that would change the outcome of your service.
REMEMBER! T’s Rhema Destiny DBA Credit Wired is working only to help you remove items from your report that you wish for us to work on, the score change is simply a byproduct of our service. Through our service 96% of our clients see their score increase 16 points or more within the first 32 days. Over the course of credit repair the average increase is 129.6 points.
We must make it very clear, Creditwired.com does not give any type of loans or financing. We can put you in touch with our business partners that have helped thousands of others reach their goals. With this in mind, we can not tell you if you will be approved for any of those things. Remember from above, if we can’t promise you ANY item is going to be removed from your report, how could we possibly assure you that you will be approved for a loan after working with our program? We are here to help and we have helped thousands of clients over the years, so please do not expect miracles. Credit Repair is not instant. It takes time to assist with the removal of the items that you have had on your reports for years.
Short and to the point……. NO
We want this service done as fast as possible. Think about it, if we don’t have an opportunity to help remove inaccurate unverifiable or outdated items we make no profit and businesses with no profit do not stay in business. So until we help you improve the profile, we don’t charge. Remember we charge based on the number of deletions. You only pay for the results that you get. We would love for there to be a legal way to make things “disappear” overnight. However, it just doesn’t exist.
Now for a little more detail… From the time the credit bureaus receive your dispute, they have 30 days to respond. This leads some people to believe that if it has been more than 30 calendar days, then they MUST remove those items. This is simply not the way it works. There are sections of the law that allow them additional time under certain conditions.
We assure you we will work as fast as legally possible.
Some companies try to speed up their service by using online disputes. There are a whole host of reasons NOT to do this. Additionally, you should never dispute online either. Here’s why:
When a dispute is entered online, it goes into the EDRP or expedited dispute resolution process. This sounds great until you read a little further unto the FCRA. It clearly states that if a dispute goes into EDRP then the bureaus do not have to comply with certain sections of the FCRA.
The sections they don’t have to comply with are also quite handy in the credit repair process. One section is the “Method of Verification” section. If an item comes back as verified, they don’t have to tell you “HOW” it was verified. Another section is the “Re-Insertion Letter” section. Usually, if an item is deleted, there are steps the bureau must follow in order to be able to re-insert that item. One of these steps is to send you a re-insertion letter before placing the item back on your report. The simple cost of creating and sending this letter drastically limits the amount of re-inserted items. If an item is processed under EDRP, THIS LETTER IS NO LONGER REQUIRED! They can just put the item back whenever they get good and ready. In other words DON’T DO IT! EVER!
Credit repair is kind of like getting your car fixed… The mechanic is going to need to see under the hood. You keeping a monitoring service is our way of looking under your credit “hood”. It allows us to see exactly what needs to be done and check up on the bureaus and creditors. When they say something has been changed, we want to make sure it is REALLY changed.
REMEMBER… KEEPING A MONITORING SERVICE IS A REQUIREMENT OF OUR SERVICE.
Items cannot come back as long as the item was not disputed online, as long as the items are current or paid at the time of removal or if the collection is older than 3 years old. Read the reasons above that they do not have to comply with the reinsertion law.
Below you will find a collection of credit law references. Check them out, knowledge is POWER!
FCRA – Fair Credit Reporting Act
CROA – Credit Repair Organizations Act
FACTA – Fair and Accurate Credit Transactions Act
FCBA – Fair Credit Billing Act
TILA – Truth in Lending Act
Gramm-Leach-Bliley Act
FTC – General website for the Federal Trade Commission
FDCPA- Fair Debt Collection Practices Act