what you need to know
Here are some inquiries our customers sometimes have:

How is Credit Repair legal?
What Poor Credit Can Cost You?
What is the role of the Consumer Reporting Agencies and how do they affect your credit?
What are some examples of common problems on credit reports that can affect your credit score?
What if I already have good credit?
What Does Good Credit Mean For You?
How long does it take until I see results?
Can I do this myself?

How is Credit Repair legal?
You have a legal right to an accurate credit report! Sometimes, there are inaccurate negative items on your report. By law, these inaccurate negative items must be removed if the creditor can not prove them to be accurate.

What Poor Credit Can Cost You?

What would a lower mortgage and lower interest rate on your credit cards do for your personal savings? It is a known fact that a poor credit rating is the number one cause for consumers spending too much on home loans, auto loans, and credit cards! Do you know that in addition to mortgage brokers and banks; landlords, new employers and insurance agents all generally check your credit? Over 70 million Americans suffer from bad credit, and many of those people’s credit reports are tainted by inaccurate information, the affects of having bad credit touches everything in your life.

What is the role of the Consumer Reporting Agencies and how do they affect your credit?
The three major credit reporting agencies, also called Consumer Reporting Agencies (CRA's) are ‘for profit’ corporations that collect and sell your private personal information, to creditors, landlords, insurers, employers, and companies that solicit you for credit and insurance offers. When you apply for a loan of any kind, the creditor pulls your credit report from at least one of these bureaus. Their goal is to gather, maintain and sell financial information about consumers. Because they are ‘for-profit’ business’s, these companies spend much of their time adding new information to consumers’ reports as opposed to deleting inaccuracies or updating the files to reflect current information.

What are some examples of common problems on credit reports that can affect your credit score?

  1. Late payments
  2. Charge-offs
  3. Bankruptcies
  4. Tax liens
  5. Judgments
  6. Hard inquiries
  7. Incorrect personal information
  8. Identity theft


What if I already have good credit?
Even if you have good credit, inaccurate information that's not yours could show up at any time. As a matter of fact, recent research by Consumer Reports showed that more than half the reports studied had errors in them severe enough to keep the person from getting a loan. A study by the United States Public Interest Research Group found 70% of reports had errors. It is a good idea to check your credit report for accuracy at least annually, keeping in mind the difference between a good credit score and an excellent credit score can also save you a tremendous amount of money.

What Does Good Credit Mean For You?
Good credit can mean many different things. For starters you will benefit from lower mortgage rates, lower credit card interest rates. These will equate to more money in your pocket and less going to your creditors. Think what an extra 2-3-4-$5,000+ per year might mean? Even if you have just one negative item on your credit file, getting it removed could save you thousands of dollars a year! You will be able to: Refinance your home with lower interest rates, get great low auto or health insurance rates, obtain low interest credit cards, get a better job – take control of your finances!

How long does it take until I see results?
Your personal credit situation will partially dictate how quickly you might see results. Everyone’s credit reports are different, so all situations are unique and need to be evaluated in our Credit Analysis and Situation segment. Generally speaking, the stages take between 30 and 45 days to see new reports back from the bureaus; at this time you might begin to see improvements. Most will see results within the first two stages and continue seeing results as their reports continue cycling through our system.

Can I do this myself?
Absolutely. You are entitled to your rights under the law. We are here to offer a service to you, like any other service; sometimes you are better off allowing someone else to handle things for you, while you get on with your life. Let CRG work for you!

The Credit Repair Group
info@creditrepairgroup.com
Pompano Beach, FL. 33073

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