At Freedom Restoration Credit Services, Inc., we strive to give you the best results possible on your credit report. We document everything to make sure the CRAs comply with the (Fair Credit Reporting Act) to insure that you will be satisfied with our services.
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.
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.
What should I do with the credit report mail I get from the credit bureaus?
Make copies for your records and mail us your originals to:
Freedom Credit Services; Po Box 2977 Cedar Hill, Texas 75106
What can you take off of my credit bureau report?
We can take off unpaid collections, charge-offs, repossessions, bankruptcies, medical bills, foreclosures, tax liens, civil liens, student loans, credit card debts, inquiries, old addresses, all names but one, identity theft accounts, fraudulent accounts, judgments and divorce debts.
What will you not remove from my credit bureau report?
Child support information, however, if the account is reporting erroneous information or is otherwise duplicated, then we will correct the account to report accurate current information.
Will what you remove off my credit report ever come back?
Most likely not but the creditor always reserves the right to sell the account to another company which could report it as long as the account is not more than 7 years old.
Can I fax my credit bureau report to you?
No, you contractually agree to mail all your dispute results, however, exceptions are made as needed.
What is a Credit Bureau?
CRA’s track personal, financial and credit information on all individuals over the age of 18. They sell this information for profit to those that have a right to access it. Information is gathered from public records, court houses, employers, health & insurance providers and creditors. They are not government institutions like many think. There are 3 major credit bureaus: EQUIFAX, TRANS UNION and EXPERIAN (formerly known as TRW).
How long does negative information remain on my report?
Credit bureaus report negative account information for a period of seven (7) years from date of first delinquency. Chapter 7 and Chapter 11 bankruptcies are each reported for 10 years from the date of filing. Chapter 13 bankruptcies are reported for 7 years from date of filing and Judgments are report for 15 years unless paid and then it is 7 years from date of filing. Tax liens can report for 10 years, if unpaid, or 7 years from date of filing, if paid, however, a tax lien can be removed immediately upon full payment with a special IRS form sent to the bureaus along with a release.
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 own credit, 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 own credit eventually turn to a credit repair company after months of work and repeated frustration.
How long would it take Freedom Restoration Credit Services to repair my credit?
There is no definite answer, only definite advantages. The time varies depending on the initial credit status of each customer. On average it takes just 45 to 120 days for a client to experience a substantial improvement in overall credit profiles and increased scores.
Does Paying Off Bad Accounts Help My Credit?
You would think that would be true but the credit reporting system just doesn’t work that way. When you pay an old debt off the negative credit listing doesn’t disappear. In fact, it re-ages the date of last activity on the account. This make the scoring model look at the account as a brand new negative account and it lowers the score back to when the account first started reporting. The most ironic thing is that a paid, current negative listing is not any better than an unpaid negative listing. This is why we say your money is better spent improving your whole credit profile and not just paying off 1 or 2 accounts.
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 open to extending credit to individuals with no credit history than those 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. You can ask parents or relatives to add you to their existing good accounts as an authorized user or invest in opening the secured card we promote.
How does a Credit Bureau make money?
A credit bureau is a commercial for profit 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. This is the main reason why they do not like correcting negative account information on a consumers report. They see it as bad for business.
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 collection company or a government agency.
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. If an item is re-reported, it is a simple matter to challenge the listing again at a future time in order to press for permanent deletion.
Experts agree that you should review your reports at least once a year. Freedom Restoration Credit Services offers a “Keep it Clean” program that allows us to maintain your credit reports. For a small $200.00 fee, we will work on every negative account listed on all 3 bureaus. You must be a full paying initial client to qualify for this program. Please contact us if you have any questions about qualifying.
Do You Guarantee Your Service?
We guarantee our program 100%. If we do not improve your credit profiles we will refund your entire payment. The client must complete all the recommended steps as outlined during the credit program to qualify for any refund. Call if you need more clarification on the required steps.