Frequently asked questions
Q: What is credit repair?
A: Credit repair is the process of identifying errors and inaccuracies in your credit report and taking steps to correct them. This can include disputing negative items, managing debt, and improving your credit utilization.
Q: Can I repair my credit on my own?
A: Yes, you can repair your credit on your own by requesting a copy of your credit report and identifying errors or inaccuracies. However, working with a credit repair company can provide additional support and resources to improve your credit score.
Q: How long does credit repair take?
A: The amount of time it takes to repair your credit depends on the severity of your credit issues and the steps you take to improve your credit. Some improvements can be seen within a few months, while others may take several years.
Q: Can credit repair companies guarantee results?
A: No, credit repair companies cannot guarantee specific results, as the credit bureaus have the final say in what information is included in your credit report. However, reputable credit repair companies can provide guidance and support to improve your credit score.
Q: How much do credit repair services cost?
A: The cost of credit repair services varies depending on the company and the level of support provided. Some companies charge a flat fee, while others charge a monthly fee.
Q: Is credit repair legal?
A: Yes, credit repair is legal, as long as it is done ethically and within the guidelines set forth by the Credit Repair Organizations Act (CROA).
Q: Can credit repair improve my credit score?
A: Yes, credit repair can improve your credit score by identifying errors or inaccuracies in your credit report and taking steps to correct them. However, the extent of the improvement will depend on your individual circumstances and the severity of your credit issues.
Q: Will credit repair erase all negative items from my credit report?
A: No, credit repair cannot guarantee the removal of all negative items from your credit report. However, by disputing negative items and managing your debt effectively, you can improve your credit score over time.