Frequently Asked Credit Questions
You've got questions. We've got answers. While these are some of the most common questions we hear at Credit Repair Solutions 123, if you can’t find what you’re looking for, don’t hesitate to reach out.
Credit
Credit bureaus generally consider a good credit score to be anything above 650.
Credit bureaus typically consider anything below 580 to be a bad credit score
Your FICO® Score is used in 90% of all lending decisions, but each of the three credit bureaus also has a customized credit score based on your credit information
The main credit scores range from 300 – 850
There are plenty of paid services that will provide you with your credit score, but at Credit Repair Solutions 123, we’ll do it for free. Just give us a call at 855-718-3425 to get started.
No, your credit score is just one component of your credit report. Your credit report also includes your identifying information, trade lines, credit history, credit inquiries, public records, collections and other late payment information.
There are five main contributors to your credit score—payment history, credit usage, credit age, credit mix and recent credit. The most important of these factors is your payment history, which can be directly influenced by credit repair.
Your credit report contains things like your identifying information, trade lines, credit limits, account names, credit history, credit inquiries, public records, collections, late payment information, and of course, your credit score.
While your credit age, or how long you’ve had access to credit, can affect your credit score, there’s no specific amount of time required. Generally, the longer you’ve had a trade line, the better.
There are many factors that go into being approved for a loan, but generally you’ll need at least a score of 620 to be approved for a home loan. Some lenders will approve scores as low as 500, assuming you don’t mind paying extra money in interest.
With car loans, the minimum accepted score will depend on the amount of money being requested. Some lenders will approve scores as low as 500, assuming you don’t mind paying extra money in interest, but a score of 660 and above is recommended.
With personal loans, the minimum accepted score will depend on the amount of money being requested. A score of 700 or higher is ideal, but some lenders will approve lower scores if you’re willing to pay extra money in interest.
Your credit report is generally looked at by those who are considering loaning you money. This includes banks, car dealerships and credit card issuers.
Credit Repair
Credit repair is the process of addressing any questionable negative items that could be hurting your credit profile. If the bureaus and your creditors can’t prove these items are fair, accurate and substantiated, they are required by law to remove them.
You have a right to an accurate, fair and substantiated credit report. If something on your credit is inaccurate or unfair, you can correct/repair it with the credit bureaus and your creditors.
While we can’t guarantee your credit will be repaired, we can promise to help you work to address any unfair or inaccurate negative items hurting your credit profile.
Unfortunately, there’s no way to predict in advance how long it will take to repair your credit, as every credit report is unique. That being said, last year alone, our clients saw millions of negative items removed from their reports, and typically stayed with us for six months.
Also, Credit Repair Solutions 123 offers a variety of service levels, and the strength and amount of credit repair increases with each upgrade. If you’re interested in a product with more credit repair baked in, give us a call at 855-718-3425
Credit Repair Solutions 123 offers a variety of service levels to match your unique needs. Some of these services we offer for free
Absolutely. You can contact the credit bureaus and your creditors to get any questionable negative items removed your credit reports. However, this process is time consuming and confusing. Working with a reputable credit repair law firm like Credit Repair Solutions 123 can help you remove these items from your reports quickly and efficiently. Call us at 855-718-3425 to get started.
Think of credit repair like an investment. A little effort today could lead to thousands of dollars in savings tomorrow. We offer a variety of service levels to support every budget. Give us a call today and we’ll help you find the right service for your unique circumstance.
Unless the collection is being falsely attributed to you, pay it. The collection is likely already hurting your credit score, and leaving it unpaid will only make the damage worse.
If the debt is one that you do not owe, our service levels offer debt validation procedures that can help you get the collection removed from your credit profile.
You might think so, but unfortunately it does not. When you pay an old debt, the negative credit item doesn’t disappear, but is typically listed as a paid delinquency, charge-off or collection. If your goal is to repair your credit, just paying off your debts won’t get you there. Repairing bad credit is a significant challenge for most consumers and we’re here to help. Lexington Law has developed a four-step method for credit repair that has proven to be effective for hundreds of thousands of clients. Just give us a call at 1-833-333-8277 to get started.
Our Service
Unfortunately, credit repair is never guaranteed. What we can guarantee is that we will do everything in our power to help you achieve a fair, accurate and substantiated credit report.
We offer service levels to match every situation and budget, depending on what level of credit repair you need. Currently, our most popular service level is also our most robust, which costs $99/month.
While most places that offer credit repair services are not a scam, be wary of any company that provides guarantees of results, or charges you up-front for credit repair services. Not only is that illegal, it is a red flag that something suspicious may be going on
Yes, we help hundreds of thousands of people each year work to repair their credit. Last year alone, our clients saw millions of negative items removed from their reports.
It depends – everyone’s credit history is different. The amount of time it takes before you begin to see changes or positive improvements on your credit depends on your specific case. That being said, 77 percent of past Credit Repair Solutions 123 clients saw their score improve seeing an average 40-point increase over 6 months.*