Frequently Asked Question
Credit repair is the process of removing negative items from your credit report such as late payments, liens, foreclosures, repossessions and more so your credit score goes up. The higher your credit score the more likely you are to get the loans and lines of credit you need to live the life you want to live. The better your credit score the better your interest rates will be making your personal debt needed more affordable.
A credit repair company starts by reading a credit report and discovering the negative items, then gets to work at disputing and removing the negative marks to increase the credit score. A credit repair company will: Write effective dispute letters. Understand how to negotiate with creditors on their clients’ behalf.
Credit repair has always been important. Mortgage, auto and personal lenders have long relied on your three-digit credit scores to determine if you are creditworthy enough to qualify for a loan. … Even auto insurance companies often rely on credit scores when setting policy premiums.
Credit repair is the process of fixing poor credit standing that may have deteriorated for a variety of different reasons. Repairing credit standing may be as simple as disputing mistakes information with the credit agencies.
Credit repair companies work with the credit bureaus and your creditors to challenge the negative report items that affect your credit score. They ensure your credit history is up-to-date, accurate and honestly reflects your finances.
Yes, you can! Credit repair is 100% legal. The Fair Credit Reporting Act (FCRA) gives you the right to dispute any item on your credit report.
- If an item cannot be verified, it must be removed
- This will immediately boost your credit score
- Even accurate negative items can often be removed or negotiated to be removed
But, keep in mind, the credit reporting system is designed to keep you
poor! Once you fall behind it becomes difficult to recover.
Our team and finance suite platform pull together all legitimate business lending programs into one place. We work with hundreds of different lenders that offer unique loan programs that work for all different types of borrowers. Read More
Our Credit Medic Group Business Credit Builder program helps you start and grow your business without using your own funds, personal credit, or funds from your family and friends. We help you build credit for your EIN that’s not linked to your personal social security number. This credit doesn’t require cash flow, collateral, or good personal credit to qualify. So, you can get approved even as a startup business, and regardless of your personal credit quality. SEE OUR VIDEO How to build business credit for your EIN that’s not linked to your personal SSN