You’ve got questions. Credit Repair Warrior got answers.
While these are some of the most common questions we hear at Credit Repair Warrior, if you can’t find what you’re looking for, don’t hesitate to reach out.
Our Credit Repair Services
What exactly is a FICO® Score?
It’s a three-digit number determined by the information found in your credit report. While FICO® doesn’t directly gather the data themselves their algorithm plays a role, in calculating this score. Understanding where you stand with this score is particularly valuable since it influences 90% of lending decisions.
What exactly constitutes a good credit score?
Typically credit bureaus consider anything above 650 as a good credit score.
How many credit bureaus exist?
There are three credit reporting bureaus: Equifax, TransUnion, and Experian.
What precisely is a credit bureau?
A credit bureau is an organization that gathers information, about your behavior and shares it with lending institutions and credit card companies.
Who qualifies as a creditor?
A creditor refers to anyone who extends credit including banks, collection agencies and even car dealerships. They report your repayment progress to the credit bureaus who use this data to construct your credit profile.
How can I determine my credit score?
Numerous paid services are available that provide you with your credit score. However, at Credit Repair Warrior we offer this service for free.
Does my credit report the same, as my credit score?
No, your credit score is one aspect of your credit report. Your credit report also encompasses identifying information, trade lines, credit history, credit inquiries public records, collections, and other details regarding payments.
What factors influence my credit score?
The factors that contribute to your credit score include payment history, credit usage, credit age, credit mix and recent credit. Among these factors payment history holds the significance as it can be directly influenced by credit repair efforts.
What information does my credit report contain?
Your credit report contains details such, as your personal identification information, trade lines, credit limits, account names, credit history, records of inquiries made on your credit profile public records (if any) collections information if late payment records and of course your overall credit score.
Do employers consider my credit score?
Employers are legally allowed to access a modified version of your credit report for hiring and promotion purposes. However, in California this is limited to jobs with management responsibilities. Prior to accessing your report employers are required to obtain your permission. It’s worth noting that a poor or unfavorable credit score could potentially affect your chances of securing a job or getting promoted.
What is considered an age of credit?
While the length of time you’ve had access to credits (credit age) can impact your credit score; there isn’t a duration that is deemed ideal. Generally speaking, having a history with established trade lines tends to have an effect, on one’s credit profile.
What score do I need to qualify for a mortgage?
To be approved for a loan several factors come into play. Generally, you’ll need a credit score of 620 to secure a home loan. However, some lenders may approve scores low as 500 if you’re okay, with paying interest charges.
When it comes to car loans the minimum accepted score will vary based on the amount you’re requesting. While some lenders may approve scores low as 500 with interest costs it is recommended to have a score of 660 or above.
For loans the required credit score depends on the loan amount. Ideally having a score of 700 or higher is advantageous. However certain lenders may still approve scores if you’re willing to pay more in interest.
Who typically reviews my credit score?
Your credit report is typically reviewed by institutions considering lending money such, as banks, car dealerships and credit card issuers.
What can I do to improve my credit score?
If you want to improve your credit there are five factors that influence your credit score; payment history, debt levels, length of credit history types of credit used and new credit applications.
To improve your credit score there are steps you can take. First make sure to pay your bills on time and work towards paying down any debts you may have. Additionally maintaining your existing accounts in standing and diversifying the types of credit you have can positively impact your score. It’s also advisable to avoid applying for credit frequently.
Apart, from these factors it’s important to be aware that your credit reports might contain unfair negative items that can remain on your records for a period of seven to 10 years. If waiting that long doesn’t align with your goals for building credit exploring options for credit repair could be worth considering. In conclusion, is highly recommended to hire a professional such as Credit Repair Warrior.
Will paying my bills improve my credit?
Unfortunately, simply paying off your debts doesn’t automatically restore your credit. When you settle a debt, the negative item will typically be updated as a paid delinquency, charge off or collection. If your goal is to repair your credit just paying off debts won’t be enough. Repairing credit can be challenging for individuals but don’t worry. Credit Repair Warrior is here to help. We’ve developed a four-step method, for credit repair that has benefited hundreds of thousands of clients.
Is it possible to delete or correct credit information?
You have the right to ensure that your credit report is accurate, fair, and well supported. If you come across any inaccuracies or unfairness, in your credit information you can take steps to correct or repair them with the help of credit bureaus and your creditors.
Can I improve my credit?
While we cannot guarantee that your credit will be completely repaired, we can assure you that we will support you in addressing any items on your credit profile that’re unfair or inaccurate.
How long does it take to repair credit?
Unfortunately, it is impossible to predict how long it will take to repair your credit because each individual’s situation is unique. However, our clients witnessed millions of items being removed from their reports year alone and typically stayed with us for around six months.
What are the costs involved in credit repair?
Credit Repair Warrior offers a range of service options designed to meet your needs. Some of these services are offered free of charge.
Can I fix my credit?
Absolutely, you have the option to contact both, the credit bureaus and your creditors directly in order to address any items, on your credit reports. Nonetheless please bear in mind that this process can be time consuming and confusing.
Working with a credit repair company such, as Credit Repair Warrior can assist you in swiftly and effectively eliminating these items from your credit reports.
Is it worth investing in credit repair services?
Think of credit repair as an investment. Putting in an effort today could result in savings tomorrow. We offer service options to cater to every budget. Get in touch with us today. We’ll guide you towards the service that suits your unique situation.
Is credit repair considered legal?
Absolutely—rest assured that you possess a legal entitlement to an accurate and substantiated credit report. Credit repair simply involves the process of challenging and disputing entries on your report to ensure they adhere to the principles of fairness, accuracy, and substantiation.
While there are laws governing your credit two key regulations, we primarily rely upon are the Credit Repair Organizations Act (CROA) and Fair Credit Reporting Act (FCRA).
What does "removals" refer to?
By law both the credit bureaus and your creditors are obligated to eliminate any items, from your report if they cannot provide evidence supporting their accuracy fairness and substantiation. When such items are erased from your payment history, we refer to it as a removal.
Which types of items can be taken off my credit report?
You have the right to challenge any information, on your credit report that’s inaccurate, unfair, or unverified. This includes collections, late payments, charge offs, liens, bankruptcies, repossessions, and other similar items.
What does a negative item mean?
A negative item refers to anything in your credit history that could potentially lower your credit score. It encompasses things like collections, late payments, charge offs, liens, bankruptcies, repossessions and more. If these negative items resulted from identity theft, divorce proceedings, medical debt issues, student debt burdens or military service-related matters especially if they were erroneous or unjustified. You may have the opportunity to remove them through credit repair.
Do negative items stay on my credit indefinitely?
No. Most negative items will be removed from your credit report after seven years; however, some deletions may take up to 10 years. The truth is that either the creditor or the credit bureau can choose to delete a listing at any time particularly if you provide them with a reason to do so. If you prefer not to wait for such a period of time for removals to occur naturally on their accord, then pursuing credit repair can be an excellent alternative option.
Can deleted items reappear, on my credit report?
Yes. Even after an item has been removed or deleted from your credit report there is still a possibility that your creditors might choose to report it in the future. That’s why it’s crucial to reach out to both the credit bureaus and your creditors. By doing you increase the chances of preventing unfair negative items from reappearing on your credit report. As, per the Fair Credit Reporting Act the credit bureau is obligated to inform you before they’re report a deleted listing. If there are grounds to do so Credit Repair Warrior will assist you in challenging a credit item if it is verified at a later point in time.
How much does a negative item impact my credit score?
According to sources like CreditCards.com and CNNMoney even a single negative item on your credit can potentially cost you than 100 points.
Credit Score Decrease due to Negative Items
Late Payment. Up to 110 points
Debt Settlement. Up to 125 points
Foreclosure. Up to 160 points
Bankruptcy. Up to 240 points
Collection. Up to 110 points
Hard Inquiry. Up to 15 points
Sources:
– https://www.equifax.com/personal/education/credit/score/how-do-your-actions-affect-your-credit-scores/
– https://money.cnn.com/2010/04/22/real_estate/foreclosure_credit_score/ – https://www.creditcards.com/credit-management/how-to-dispute-and-fix-credit-report-errors/
Can divorce have an impact on my credit score?
While filing for divorce itself does not directly affect your credit score certain consequences of divorce may lead to issues with your credit. For instance, amidst the chaos of divorce proceedings many individuals miss making payments, towards their debts. After an incident it can sometimes become unclear who should take responsibility, for a debt leading to missed payments. These missed or delayed payments can have an impact on your credit score.
Could identity theft have an effect on my credit score?
Yes, it could. When someone fraudulently incurs debt in your name it increases your debt. May result in missed payments and even collections appearing on your credit report. Even after you’ve resolved the identity theft issue these problems could still linger on your credit history.
Can medical debt influence my credit score?
Yes, it can. Although your medical history itself doesn’t directly affect your credit report unpaid medical bills can have an impact. The good news is that there are laws in place to safeguard against practices related to reporting debts. If you find that your credit is being negatively affected by bills exploring options for credit repair might be worth considering.
Do student loans have any impact on my credit score?
Absolutely! Student loan repayment history can influence your credit score both positively and negatively. Making payments, towards your student loans will only benefit your score. Conversely missing these payments can cause harm to your credit profile.
When is the right time to initiate credit repair?
It’s advisable to start as possible since our typical client utilizes our services for about six months on average. If you’re planning to buy a home or car in the future, it’s an idea to start taking action now. This will help you avoid headaches, down the line.
Is it necessary for me to settle collections listed on my credit report?
It’s advisable to pay off any collections unless they are erroneously assigned to you. Leaving a collection unpaid can have an impact on your credit score. Paying it off is the best way to prevent further damage. If you believe that you don’t owe the debt our services provide debt validation procedures that can assist you in having the collection removed from your credit profile.
Is there a guarantee, for the services provided by Credit Repair Warrior?
Unfortunately, it’s important to note that credit repair cannot be guaranteed. However, we assure you that we will make every effort to assist you in achieving an accurate and substantiated credit report.
What is the cost of the services offered by Credit Repair Warrior?
We have service levels at Credit Repair Warrior to accommodate various needs and budgets when it comes to credit repair. Currently our popular and comprehensive service level is priced at $65.00 per month. However, our services range from $45 to $65 per month.
What payment methods are accepted?
We accept debit cards and major credit cards such as Visa, Mastercard, Discover and American Express.
How can I cancel my agreement with Credit Repair Warrior?
At Credit Repair Warrior providing service is our priority. If we fail to meet your expectations or if you no longer require our services, you have the freedom to cancel at any time. It’s important to remember that credit repair is a process. To cancel your engagement agreement with us simply, reach out and contact us anytime during hours of operation.
How will I know when I no longer require credit repair assistance?
It’s a question to answer. Once you’ve achieved your credit goals or feel confident that your credit report is fair, accurate and substantiated it might mean that you no longer require credit repair. If you believe you’ve reached that point, feel free to reach out to us to cancel our service.
However, I’d like to mention that we also have credit care products that can assist you in monitoring and safeguarding your progress in improving your credit. Before canceling our service, it might be worth considering transitioning to one of these services.
Is Credit Repair Warrior real?
Credit Repair Warrior has been an established for quite some time and has established relationships with other entities in this field. Additionally, Credit Repair Warrior is widely. Trusted across platforms like America’s Best Companies.
How can I check my account status or track the progress of my credit repair?
While we’re working with your creditors and the credit bureaus on your behalf, we’ll keep you informed of any updates regarding your credit profile, through email notifications. As items are removed or improved, they will appear first on your updated portal where you can access them using the login credentials you created during the sign-up process. If you’re experiencing any issues, with logging in or if you need any assistance, please don’t hesitate to get in touch with us.
Is there a discount offered by Credit Repair Warrior?
Absolutely! Credit Repair Warrior. Honors Veterans, Active military personnel well as previous and current service members. We have packages with incentives and discounts specifically tailored for Veterans and Active military to show our gratitude for their dedication in keeping us safe.
Does Credit Repair Warrior provide a discount for families or households?
Certainly! When both you and your significant other sign up for our services we offer a discount of $10. You can easily avail this rebate by signing up.
Does credit repair a scam?
While most credit repair services are legitimate, it’s important to be cautious of companies that make guarantees about results.
Do the services provided by Credit Repair Warrior actually works?
Absolutely! Each year we assist hundreds of thousands of individuals in working towards repairing their credit. In the year our clients witnessed the removal of millions of negative items, from their reports.
What occurs if I am unable to make payments?
If you are unable to make payments, we will have to discontinue our service. However, we will make efforts to reach out to you and explore options for collecting payment or providing services that we offer at no charge. These services include budgeting assistance aiming to support you during hardships before discontinuing or terminating our credit repair process.
How long does it take for Credit Repair Warrior to show results?
This varies as everyone’s credit history is unique. The time it takes for you to observe changes or positive improvements on your credit relies on your circumstances. An impressive 77 percent of Credit Repair Warrior clients experienced an increase of 40 points in their scores within a timeframe ranging from 30 days, up to 6 months.