Yes, credit repair is legal and our credit education and document processing services will help you to use the to your advantage. That law is called “The Fair Credit Reporting Act.” The FCRA gives you the right to dispute any item on your credit report. If that item cannot be verified within a reasonable time (usually 30 days) it must be removed.
Studies have shown that 79% of all credit reports contain errors. This is nearly 8 out of 10 reports. Therefore, most credit reports improve immediately. For items that are disputed that are not errors, a creditor or furnisher is often unable to find the records or signed documents within the allotted time and the item gets removed. Sometimes the furnisher will say it has been verified but not offering proof. It is our job to prepare documents that challenge this and we are very skilled at that.
The results depend on your unique goals, financial situation, and credit profile. That is why MoneySmarts Credit Services does not offer any cookie-cutter programs because no two credit profiles look the same. We will carefully analyze your credit report and craft a custom strategy to attack the negative items that are damaging your credit.
To answer this question, you must consider how much credit impacts your life. Having excellent credit can save you thousands of dollars on your next car loan and the savings are even greater when considering a mortgage loan. On the other hand, bad credit could prevent you from obtaining insurance coverage, and in some cases gainful employment. This is why we are dedicated to enhancing your credit profile and educating you on how to build and maintain financial stability.
The Fair Credit Reporting Act (FCRA) mandates that everything on your credit profile be reported accurately or it must be removed. This includes bankruptcies, foreclosures, collections, charge-offs, repossessions, medical bills, credit card debt, inquiries, late payments, old addresses, judgments, tax liens, and student loans.
Absolutely! Our credit education and document processing services will help you to leverage the laws and statutes in your favor. That law is called the Fair Credit Reporting Act (FCRA) which gives you the right to dispute any item on your credit report. If that item cannot be verified within a reasonable time (usually 30 days) it must be removed. Studies have shown that 79% of all credit reports contain errors which amount to nearly 8 out of 10 reports. Identifying and challenging these errors is the quickest way to get immediate results. For disputed items that are not errors, a creditor or furnisher is often unable to find the records or signed documents within the allotted time and the item gets removed. Sometimes the furnisher will claim that a debt has been verified but does not back this claim up with proof. It is our job to prepare and deliver all the necessary documents to challenge the furnishers and we are very skilled at doing so.
Items cannot come back as long as the item is current or paid at the time of removal or if the collection is older than three years. This holds except in very rare circumstances.
There are two sides to the credit score battle. Sometimes, the creditors and the credit bureaus have done absolutely everything right and we have no case against them. On average, clients can remove 70% of the negative items from a credit report.
We will guide you through the process from start to finish and prepare all your documents for you. We have a superb knowledge of credit scoring and experience working with creditors and credit bureaus. It may be difficult for an individual to communicate with creditors and bureaus without an adept understanding of their techniques and federal and state regulations in place for credit reporting. We have spent a great deal of time learning the laws that will help you to remove negative information on your report.
We specialize in credit counseling, credit repair, credit building, and education, all aimed at empowering you to take control of your financial future.
We Are Here For YOU
We are here to assist you in achieving your unique financial objectives. Whether you’re striving for debt reduction, saving for a major purchase, or planning for a secure retirement, our team is here to provide the expertise and support you need every step of the way.
