ANSWERS:
1. What
if I don't hear from the credit
bureau?
If 45 days go by and you don't hear
anything from the credit bureaus
please contact us. Sometimes the
credit bureaus don't get your letter
request, and sometimes they just
want to ignore you.
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2.
How
often should I expect to get mail
from the credit bureaus?
About every 45 days you should expect
to get an updated credit report.
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3.
What
should I do with the credit report
mail I get from the credit bureaus?
Make copies, and mail it to us using
the provided mailing labels.
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4.
What
can you take off of my credit bureau
report?
We can remove unpaid collections,
charge-offs, repossessions, bankruptcies,
medical bills, foreclosures, tax
liens civil liens, student loans,
credit card debt, inquiries, old
addresses, all names but one, judgments,
and divorce debt so long as the
items are deemed inaccurate/outdated/unverifiable.
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5.
What
can you not take off my credit bureau
report?
Child support or anything that is
considered accurate/verifiable that
is reporting within the allotted
amount of time.
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6. Will
what you take off my credit bureau
report ever come back?
We guarantee once an item is deleted
from your credit report the it cannot
be re-reported.
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7.
What
are the risks I will be taking with
repairing my credit? Will the credit
bureaus penalize me?
There are NO risks. The only thing
that will happen is that we will
make your credit bureau report better
for you or refund your money.
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8.
Can
I fax my credit bureau report to
you?
YES, only the initial one.
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9.
What
is a Credit Bureau?
Credit bureaus track personal, financial
and credit information on individuals.
This includes information taken
from public records, personal identification
and debt information. With the exception
of back child support payments,
creditors supply information on
a voluntary basis. Credit bureaus
are strictly private 'for profit'
entities, and are not government
institutions.
How many are there?
There are 3 major credit bureaus:
EQUIFAX, TRANS UNION and EXPERIAN.
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10.
Are
all 3 credit bureaus important?
The three (3) major credit bureaus
pass information to additional minor
or less well-known credit bureaus.
Each major credit bureau therefore
will cover at least one-third of
your total credit history. And even
though your credit report may display
the name of an otherwise unknown
small credit bureau, the fine print
will show a major credit bureau
is ultimately supplying the information.
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11.
How
long does information remain on
my report?
Credit bureaus report credit information
for a period of seven (7) years.
Some states have special provisions
for collections and paid liens.
Chapter 7 and Chapter 11 bankruptcies
are each reported for 10 years,
and chapter 13 bankruptcy is reported
for 10 years, both measured from
the date of the filing.
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12.
Why
do Credit Bureaus not want me to
use a Credit Repair Company?
The credit bureaus will tell you
that it is easier and less expensive
to do it yourself. While it may
be true that you have the right
to repair your credit yourself,
many individuals do not have the
time, experience and organizational
savvy necessary to deal with bureaucracies.
You must also spend hours of study
to gain a working knowledge of the
consumer laws available to you.
Many who start repairing their credit
turn to a credit repair company
after months of work.
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13.
How
long would it take iCreditConnection
to repair my credit?
Again there is no definite answer,
only definite advantages as the
time varies depending on the initial
credit status of each customer.
On average it takes 6 months for
Viable Credit Repair to repair your
credit so get started as far in
advance as you possibly can.
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14.
Does
Paying Off My Bills Repair My Credit?
You would think that would be true.
But, again, the credit reporting
system just doesn't work that way.
When you pay an old debt, the negative
credit listing doesn't disappear.
In fact, it re-ages and the seven
year clock may restart again with
that negative listing. And, the
most ironic thing is that a paid,
current negative listing is not
any better than an unpaid negative
listing. That's not always true,
but in most cases, you won't get
much further by paying the old debt
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15.
What
can I do if I have no credit at
all (good or bad)?
In that case a credit repair service
may not be the best thing for you.
Lenders are typically more amenable
toward extending credit to persons
with no credit history, than to
persons with a history of bad credit.
A steady source of income, money
in a bank account, or a relative
willing to cosign your credit application
may be all you need.
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16.
How does a Credit Bureau make money?
A credit bureau is a commercial
business. It makes money by selling
your credit report to others. A
person with bad credit means more
business for them as such a person
applies for credit about ten (10)
times more than a person with good
credit.
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17.
Who
can see my credit report?
Anyone who wants information for
a business transaction between you
and them may obtain your credit
report. This may include an insurance
company, a prospective landlord,
a prospective employer, a collector,
or a government official.
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18.
Why
should I use a Credit Repair Company?
The most common reasons are that
individuals either have already
tried themselves and obtained limited
results, or they just don't have
the time to undertake this task.
If you decide to use us, you can
be assured that you will be receiving
the best assistance and service
possible.
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19.
How
Do iCreditConnection Do this Legally?
Disputing your credit report is
your right. Credit restoration is
as legal as pleading "not guilty"
in a court of law.
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20.
What
if Deleted Items Reappear on My
Credit Report?
On occasion, a negative listing
that was recently deleted will eventually
be verified by the creditor. The
Fair Credit Reporting Act requires
that the credit bureau inform you
of reinstatement of a previously
deleted listing. The FCRA also makes
it more difficult for credit bureaus
to re-report listings. Because of
these factors, it is fairly rare
for listings to come back on your
credit history once they've been
deleted. We take extra steps to
ensure items will not be re-reported;
if you believe an item has re-reported
contact us and we will address it
on a case by case basis.
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21.Do
You Guarantee Your Service?
If we do not improve your credit,
we will refund your money !
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