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Starting Credit Repair│5 Questions You Should Ask

So You’re Saying There’s A Chance?

All jokes aside, credit repair is a very serious matter.  We have come into contact with many companies that over promise and under deliver when it comes to the services they offer. Have you been teetering back and forth between companies but have been unsure what to ask? Well here’s your guide for working through the sales pitch, and getting to the hard facts.

What is credit repair and how does it work?

When a consumer decides that they are going to attempt credit repair there is often a “pain point” involved that has led them to this decision. For many of our clients, they have visited a lending institution and have been denied financing. Being denied for a home loan or car loan can really get a person in gear and ready to go because credit is important when it comes to major financial purchases. Have you been denied financing recently and are trying to start making your way back toward better credit?

You may find yourself looking for ways to improve your credit score and running into a dead end with “repair” companies. Another thing you may have found is that you may have heard that you can work on your credit repair yourself.

A law firm, like Credit Law Center has the ability to do more than both a consumer and what a credit repair company can. The side by side shows just a few things that you may want to start quizzing your current or potential credit repair company you hire on and start to look for companies that can help you out in all aspects of credit repair.

1. What Will I Need To Get Started?

In order to enroll in credit repair with Credit Law Center you will want to speak with a credit advisor first. They will walk you through our process and what you can expect as far as cost and time frame goes. You will know after your consultation what the cost could be for credit repair if every item came off the report.

You will notice we said if everything comes off. Each item is priced per line item as we only want to charge a client for the successful removal of what we dispute. You would receive a contract ceiling price and be billed accordingly after each round is completed. We are a pay for performance company, which just means you will only pay us for results as opposed to a monthly repair company.

Next, you will need a copy of your credit report, which the credit advisor will pull with you. They will go through line by line with you and educate you on how you can improve scores while we work on any derogatory items on the report. You can expect to pay $1 at the consultation and then decide if you would like to work with our Law Firm. Again, you will be quoted all pricing before ever signing a contract.

Although the cost may sound cheaper per month for a monthly program, and manageable for your budget, it might hurt you more in the long run.  Too often we see consumers that agree to this and they end up signing up for something that takes years for them to improve their credit. Our typical time frame is 60-120 days depending on what other items are positively reporting on a report.

We will work inside anyone’s budget!

Finally, a contract will be emailed to you and after a few ID’s submitted to your credit advisor, you will be ready for credit repair! We are built for speed and this is why 53% of our business comes from referral partners like loan officers and real estate agents. They can expect that their clients will get results quickly, and be ready for financing.

2. Is There An Attorney Involved/Working For Me?

We currently have 3 attorneys in the office that our clients can speak with about their credit reports or any legalities they may come across during or after credit repair. These attorneys also have the ability to work on your behalf, to stop collection calls as well as work with you on what you can say now that you are a client. When a collection company calls you and you are represented by a law firm, you have the ability to request no further communication at that time. Should you continue to receive calls, you may be able to sue for continued harassment.

Does your current “law firm” have the ability to do this? Ask the hard questions!

 

free credit repair consultation

3. Do They Have The Ability To Negotiate And Sue?

Credit Law Center has sued all three major credit agencies: Experian, Transunion, and Equifax. Ask your current or potential company in questioning if they can do this!

Unfortunately for a consumer, there are many ways that these agencies and collection companies go in and break the law. The main reason for this is due to the lack of education out there about credit and what can or cannot be done. You want a legal team guiding you and informing you of your rights through this process.

Our legal team is versed in the FDCPA (Fair Debt Collection Practices Act) and  FCRA (Fair Credit Reporting Act).

Although your credit advisor will not give you legal advice, you can rest assured that as a client you have access to any of the attorneys on staff about matters such as harassing phone calls and items being misreported. They can also negotiate debts on your behalf or sue for damages if you have been impacted by misreporting on a credit report.

4. Who Will Be Monitoring My Credit?

There seems to be many companies out there right now that do not monitor the clients credit while in repair, or do not let them know if they have new activity or items reported. We will monitor your credit with our monitoring service and will update you every 45 days or so on your report. You have access to a copy of the report at all times.

Do you receive updated copies of your credit report with your current service?

This is vital for us, as it allows us to see what items are being removed when we dispute and allows us to also see if you are ready to go from a credit score standing on financing. We will never hold a client in repair any longer than need be. If they are at a point that a lender says they are ready to move forward, we will pull them out of repair and send them on their way!

5. Am I Being Billed Monthly Regardless of Items Being Removed or Not?

Lastly, and most importantly, ask what you are being billed for. If you are working with a credit repair company and spending money monthly with no activity as far as your score moving at all, it may be time to make a switch. We are saying there’s a chance! If you work with the right company that can provide you with great results and you listen to the education our credit advisors provide, you may be off to your dream home or dream car sooner than you thought!

If  you are currently working with a credit repair company and are not satisfied with your results, please let us know. We would be happy to help you get financially ready for whatever your next steps might be (house loan, car loan, etc.) Please  contact us today for your personal consultation with a Credit Advisor. We have helped over 30,000 clients improve their scores. Let us get you back on the path toward financial freedom.

Article By Breana Washington

A Note From The Author: The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.

Check out Credit Law Center’s infographic on 4 myths of collections reporting on credit reports.
credit collection myths infographic

credit collection myths infographic

 

Why We Love Debt Negotiation (And You Should, Too!)

Why We Love Debt Negotiation (And You Should, Too!)

We love assisting consumers every day and educating them on how they can save money, impact their scores in a positive way, and take action for themselves! Debt negotiation is something most consumers think they could never do! You may be surprised to know that many creditors/collectors will allow a consumer to negotiate with them on bills such as medical debts.

Job loss, medical emergencies, or unexpected expenses can make it hard to make ends meet! If you find yourself in a tight spot financially, and still have unpaid debt piling up it may seem like a nightmare to continue to get calls from those debt collectors.  Although sometimes difficult,  it is possible to negotiate on your own with collectors. To stay organized and run through the process as quickly as possible, these few steps are important.

free credit repair consultation

Locate Documentation

Locate your current statements and payments you are making. Make sure your payment history and late payment notices are documented. Determine payment arrangements-Look over your finances, bills and money coming in. Come up with a manageable amount that you know you could make. This will help you when you speak with a representative. Knowing what you will hear prior to the phone call will allow you to avoid them pressuring you into payments you cannot handle. The representative is not aware of your other financial obligations so be very honest and outright about what you can handle. Explain to the representative the current situation that you are in isn’t working and try to come to an agreement that you can afford. They may be able to lower the interest rate or accept a lump sum for less than originally documented. If for some reason they are giving you a hard time and you cannot get them to budge, call back and speak to a new rep.

Gather information-
You will want to make sure you are taking notes and keeping names of the people you speak to as well as the date and time the call took place. Anything at this point needs to be documented and kept in writing. If at any point an agreement is made, ask to have it documented in an email or written. This is the most important piece of the puzzle. Agreeing to a payment that hasn’t been documented could mean they do not correctly remove it from a credit report or the information is misplaced, and you are stuck in payments you did not commit to. You will want an outline of the payments you agreed to.

What can I do if I don’t want to negotiate for myself?
In an effort to save time and resources, another option would be to hire a credit repair or credit counseling service. The primary concern would be to learn what kind of work they will do for you upfront and what you will be paying for during the process. At Credit Law Center we use the law as leverage to gain deletions from the credit report. Ideally, this process is one that consumers want to get done quickly whether it is due to wanting to buy a new home, get a new car etc. At Credit Law Center you only pay for the items that we successfully remove so you can expect we want to make sure we are removing items as quick as we can. We go after all of the items on the entire report and our consumers know what they could end up paying in the end. Should you go through credit repair or credit counseling, it is a good idea to continue to monitor your credit report.

Debt Negotiation Options – Another great option is try to negotiate to pay a smaller amount on the debt owed. If you are uncomfortable or the task seems to difficult, we suggest hiring an attorney for this step!

As a law firm we have the ability and power to negotiate judgments, repossessions, charge off, or any sort of debt that is still reporting on a report. We use the power of the law and our attorneys to negotiate these items in a way that’s favorable to you. While not Debt Consolidation or Bankruptcy, we do have significant tools available to us that help negotiate these debts and save you significant amounts of money! We have four attorneys in house that you can lean on for advice and guidance while working on negotiation. Their extensive negotiating experience with banks, collection companies, and collection attorneys has helped our clients save thousands. Our goal is to negotiate the debt as low as possible out of court and get your case dismissed.

If you are in the process of trying to negotiate and come to an agreement with a creditor and have any further questions, our Credit Advisors would be happy to help you. Should you need the expertise and legal advice of on of our attorney’s, please call and they would be happy to answer any questions!

For more information about your credit score, please give Credit Law Center a call at 1-800-994-3070.

A note from the author: The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.

Article by Breana Washington

What Credit Law Center Did For My Credit Scores

Credit Law Center Testimony:  My Mind Is Changed About Credit Repair Companies

I am 48-years old and I can say I never knew much about credit and how the credit world worked. As far as I knew, I had always had okay credit scores. I quickly learned that was not the case and found myself in some tough situations. I married my first husband very young and he did not have great credit. While I was married to him, my debt climbed to well over $50,000 and I was feeling like I had a brick weighing me down. It was stressful to say the least. Shortly after we were married, we divorced. At the time I was unaware there were any companies out there like Credit Law Center. I was unsure what to do with the debt so I sought counsel with an attorney that encouraged me to file bankruptcy. I felt I needed to get a fresh start in life and it would be a one time deal. I was extremely determined to get my credit back in good standing and thought a bankruptcy was the only way I could improve it.

Fast forward a few years to my second marriage and again, we were having issues with our credit scores. My credit was decent but my second husband also had less than perfect scores. I had many health issues and a lot of medical debt. I also had medical debt from my previous marriage following me around. Again, I filed bankruptcy. This time we filed jointly and my current husband and I tried again to get in a better position. I felt ashamed, betrayed, frustrated among many other emotions.
Filing Bankruptcy

Years later we decided to start looking into purchasing a home. After speaking with a Loan Officer, we were told we still didn’t have the credit scores we needed to buy. So, I started looking into credit repair. I needed to repair my credit fast! I signed up with a “credit repair company” that told me I could get my credit cleaned up in 3-6 months. That turned out to not be the case at all. I checked in with them regularly to see how things were going with little contact or explanation of what was happening on their end. While paying my monthly fees, and no removal of items I was becoming very concerned! Nine months went by without any results. Again, I felt frustrated and a little hopeless about improving our credit. We were running out of options and my family was starting to lose hope on finding a home.

Luckily, I started a new job with a mortgage company that referred clients over to Credit Law Center. It took me a while to get the courage to call them because I didn’t want to be scammed out of money again. I was very hesitant.We were told we needed a 40-60 point boost in order to get approved for the loan so I called Credit Law Center and talked with an advisor and signed up immediately. I could not believe how much success I had in my first 40 days and we have now completed the whole process. My family and I moved at the end of October 2017 into a home we love that is brand new. It was a huge relief!

Although I was hesitant about the process, Credit Law Center continued to assure me I would only pay for the results on my report and that was true! I felt that they were honest and straightforward the entire time and for that, I am grateful. There are many companies out there trying to take money from innocent people with no intention of getting the scores where they need to be. I ran into that myself and it can be very disheartening. My credit advisor took the time to educate me on how to use the credit I do have, so that I don’t get into a bad spot again. I just want to thank them for making it possible to buy a home and for the honest work they do.

A Note From The Author: This is an actual client testimony submitted. The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.

Article by Breana Washington

The Elephant in the Room-Credit Repair

The Elephant in the Room

The issue to which everyone is aware, but few want to talk about-credit repair companies.

When you hear credit repair, what pops into your mind? You may have immediately rolled your eyes and scoffed at the phrase “credit repair!” Hey, we get it! You may be picturing someone holed up in their basement, eating Hot Cheetos and hysterically laughing each time they find their next victim in need of a quick fix on their credit scores.

We are right there with you. Eye rolling, scoffing and scratching our heads at how so many people fall victim to these “quick fix” companies-if you can even call them a company. Again, we get it. It makes sense— the low fees, the promises and, of course, the emphasis they put on how your life is going to dramatically improve once you sign up for services. Hope is the driving factor for many. Who can blame consumers for hoping things can be better? These credit repair companies are not working on credit reports like Credit Law Center. We know there are no companies, at this point, that help clients the way we do.

Here’s the difference:

  • We have actual attorneys that work on your file. Yes, we have the word law in our name AND, yes, our Attorneys work for you as a represented party. We use the law as leverage to get accounts deleted for you.
  • You pay only for items successfully removed? Yes! Those monthly fees other companies are charging -that drag on and on- sound low and reasonable now! But, two or three years down the road, the cost starts to add up. We don’t waste any time trying to get derogatory items removed. We are a pay for performance Law Firm. So, you can bet that speed is what we are after!
  • Our credit advisors are here for you to answer questions, be a resource and educate. This is probably the most important part. We don’t want you to be a repeat client if we can help it! We want you to know the ins and outs of the credit game! Our goal is to get you in and out of the process as quick as possible-with as much success as possible. We win when you win!

Our Process
7 Steps for better credit

Who tells you all their fees up front? We do!

You can’t get any more transparent than that! Our website has the pricing menu, our credit advisors tell you the max you might pay, should 100% of the items come off your report. There is nothing hidden and we ensure that you know exactly what you are getting into. The only thing you have to do is decide if we are the right fit for you.

Better Credit, Better Life

The best piece of advice we offer to consumers on a daily basis is, to first, become educated. Please, research other credit repair companies out there; we have! Listen to what they have to offer. What are their fees? Do they tell you upfront? After those questions are answered, go with your gut. In January 2018 we signed over 700 clients. For many of those, they will see results in as little as 90 days. We are not here to sell you a service. We are here to help you build a better life. We have found that building trust means addressing those concerns, up front, with potential clients. So, we ARE talking about the elephant in the room.
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A Note From The Author: The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.

Article by Breana Washington