First we review and analyze your individual credit reports from Equifax, Transunion and Experian. Then provide you with a Credit Repair Plan (CRP). This is a list of all of the negatives on your credit, anything in collections etc. We do not disturb active good credit and always advise our clients to continue to pay their regular bills on time. Next, we assess your current financial status. We run what’s called a DTI (Debt to Income) analysis, this determines what’s going out of your home bill wise, and what’s coming in income wise.
From there we determine how much you can put towards your collections on a monthly basis, (without negatively affecting your current finances). The CRP will have all the collections listed smallest to largest. One by one, we contact each collection (at your pace) and work to arrange a payment schedule that works within your budget . This includes any collections, chargeoffs etc. There’s only one way to fix your credit, and that’s to pay back who you owe. Sending out letters to “challenge” debtors (which you know are yours) or other ways people have been told to fix their credit do not work, and end up costing people further issues. Our staff is well informed, and educated about the credit laws. 7 years after the date of last activity, collection agencies cannot continue to report to your credit. Initially when we run your credit, we’ll advise you of when certain negatives are due to come off of your credit. We will work around those items, and pursue their deletion further into the service.
At the same time as we are breaking down the bad credit, we’ll help you build and establish new good credit. Many people don’t understand that breaking down the bad credit is only half the battle. Rebuilding new positive credit is just as important. Lastly, we provide a “Credit Book.” This is an organized way to pay your bills on time, consistently and proficiently. I personally created it many years ago. It’s simply a binder with all of your finances listed on a calendar, with due dates and other financial details. I use it for myself daily. It’s a practical (but very productive) way to manage your finances, without the “you can only spend $10/week on this or that” approach. I’ve found that while creating a budget is achievable, following a strict one is almost impossible, (for myself included). Our credit book will retrain your mind to pay your bills, prior to spending unnecessary funds. If you are one to pay late fees and overdrafts, this will be a thing of the past.
Once all of the items are paid, we then contact the 3 credit bureaus and file “disputes.” This simply means to inform the credit bureaus of what’s been paid. Unfortunately, many collection agencies disregard that step,and although paid, those items continue to negatively affect peoples credit. It’s our job to make sure all items are properly updated on your credit. The results come back within about 30 days, (45 days max). Once updated, your FICO credit scores will continue to rise.
We are a small, family owned biz with an excellent reputation. You will enjoy working with us. I’ve been doing this for over 15 years, and have never had an unsatisfied customer. Our staff is made up of awesome individuals who love to help people. We understand and respect that there are lots of great people with bad credit. All of our customers (who were dedicated and willing) and which complete our program, go on to buy homes, open business’, invest in real estate, or whatever their desires were when they started. 🙂 Our mission is to not only repair your credit, but also restore the insecurities which come with having bad credit. Most people have been told many times that they don’t qualify for something, or that they have bad credit…But not many have been advised on how to fix it. That’s our mission.
It’s a full service, one stop shop. I hope this answers all of your questions. Please feel free to contact us with any further questions or concerns.
