Standard "Credit Repair" Companies

There has been a surge of Credit Repair Companies on the market lately.

Credit FICO Scores We have been doing credit repair for our loan officers for over 4 years and have recently expanded our efforts to help those who may be working with a different financial institution without conflicting with them.

Credit Scores This is mostly due to the fact that as the Credit Markets Tighten, the demand for Excellent Credit is ever increasing. People are becoming aware that credit is now KING and credit is needed to get CASH for whatever venture they enter into.

Great Credit FICO Scores Great Credit and high FICO Scores also save you a boatload of cash. In the case of a standard 30 year fixed home Mortgage loan of $200,000 the difference between bad credit and great credit is $83,263.72 of interest over the life of the loan!

Credit Repair So is getting Great Credit and high FICO Scores worth it? ... YOU BET IT IS!

Increase FICO Scores With this said there are so many "options" offered to people that it can become confusing.

Repair Credit FICO Scores Many of the credit repair companies do the same thing....

They charge a low start up fee
They charge a small monthly fee - which costs more in the long run.
They challenge your negative items with the Three Credit Bureaus
They send letters to the Credit Bureaus
They hope that the Credit Bureaus are too busy to get back to them in 30 days
If the Three Credit Bureaus exceed the 30 day window they MUST remove the item from your report
If they don't succeed, they try the same unsuccessful method again..and again..and again
You pay their monthly fee for every month they keep failing

Fix My Own Credit The result is nothing except the Three Major Bureaus now can refuse to research the disputed item after a few attempts. Their research most times will confirm that the Derogatory Item should be on your report and your credit suffers even longer.

Credit Reporting Bureaus These companies have now made it even more difficult for you and any other company to clear these items because there will be a freeze placed on any further dispute of these items.

Equifax Transunion Experian Credit Improvement Specialists works differently. We go to the Source of your credit issue and attack the source of the problem. The Creditor that is reporting to the Three Credit Bureaus.

Challange Bad Credit to Increase Credit FICO Scores If you just challenge at the level of the bureaus, and it is the actual creditor that is reporting the inaccurate information or negative information, then the bureaus is only going to confirm the wrong information with the company reporting the wrong information.

We HAVE to go to the source of the information first.