QWhat are the advantages of using Your Credit Specialists?
AWhile there are many companies who brand themselves as credit repair organizations, most of them lack the breath of experience and expertise necessary to adequately represent your dispute efforts. Some of the specific advantages of using Your Credit Specialists are:
- We can dispute claims directly with creditors.
- We enforce your rights under the various federal and state credit laws.
- On your behalf we can demand a creditor address and settle debts.
- We research and keep current our knowledge of consumer laws and their changes, interpretations, and applicability of those laws.
- We govern ourselves according to the rules and principles of professional conduct.
- We practice the methodologies and structure like any law-practicing firm.
- Your case will be reviewed by an attorney who will impose legal opinions when and if necessary.
- Your confidentiality is protected by the attorney-client privilege.
Under the Equal Credit Opportunity Act, credit scoring may not use gender, martial status, national origin, race, or religion as factors.
QHow do you restore bad credit?
AOnce we’ve received your credit reports, we will analyze your credit history to identify items that are responsible for bringing your credit score down. Then we will draft letters to dispute the incomplete and inaccurate items on your behalf. Although we encourage consumers to dispute their own credit if they have the time and knowledge to do so, it is important to note that, according to federal law, the credit bureaus can ignore your dispute under a variety of conditions. Our experience shows a large part of dispute letters sent directly from consumers are rejected for one reason or another.
A disputed credit listing must be verified as accurate for it to remain on the credit report. If any of the credit listings contain an error, the credit bureau may simply correct the item, but very often, disputed credit items cannot be verified because either the creditor either no longer possesses necessary information or does not to go through the effort of verifying it. Furthermore, the investigation must be completed within 30 days or the listing must be removed. For these reasons, properly disputed credit listings are removed from your credit report with remarkable frequency. At the conclusion of the credit bureau’s investigation, a new copy of the credit report is sent to you along with any deletions or improvements. You then provide us with a copy of the new credit report and the cycle repeats itself at strategic intervals.
QHow long does it take?
AEveryone wants to see results immediately. Although everyone’s credit history is different, most people will see progress within the first 45 days of their membership. The majority of time is spent waiting for the credit bureaus to respond to requests. We take great effort in getting our disputes to the bureaus as fast as possible. As a reference, the average person with 7-10 inaccurate, misleading or obsolete items on each credit report should be prepared for a 12 month commitment.
QDo you guarantee results?
ABy law, no company can guarantee that they can have items removed from your credit reports, but we stand behind our services and, if you feel you do not see results, we will evaluate your account and you will receive a portion of your money back if appropriate progress with your case has not been made. We will use the formula of $75 per deleted item less your initial set up and processing fee. Example: If you are billed three months at 79.95 and only one item has been removed, we will refund you $164.85.
QWhat if removed items reappear?
AThis happens occasionally either by accident or a creditor has eventually verified a particular item. This is what is known as a ‘soft delete’. The FACTA (Fair Accurate Credit Transactions Act of 2003) has made it much more difficult for a creditor to replace an item once it has been removed. Your Credit Specialists will re-challenge the item with the full force of the prior removal in our favor.
QWhat is a credit score?
ACredit scores are based on the data in your credit report and are generated by computers using artificial intelligence. Usually a credit score is between the numbers 350 to 850. The higher your score, the more “creditworthy” you are to lenders
QWhat is my credit score based on?
ACredit scoring is based on many factors that may include:
- Amount of available credit
- Payment history
- Recent requests for credit
- Amount of credit currently being used
- Length of credit history
Under the Equal Credit Opportunity Act, credit scoring may not use gender, martial status, national origin, race, or religion as factors.
QHow can bad credit be deleted?
ANegative credit listings are deleted from credit reports each and every day!
Your Credit Specialists is hard at work every day challenging damaging and questionable credit entries on behalf of its clients. Utilizing proven and absolutely legal methods, Your Credit Specialists is a professional organization working for you and your credit.
QHow is this done legally?
ADisputing items on your credit report is your legal right (see the Fair Credit Reporting Act). When you use Your Credit Specialists to help repair your credit, we are abiding by and using all federal and regional laws regulating third party credit repair assistance.
QHow much does bad credit cost?
AThe cost of credit repair is small compared to the cost of living with bad credit.
Below are a few examples of the cost of bad credit.
Auto Loan
If you are making vehicle payments, you are most likely paying between $4,000 and $10,000 more over the course of the loan just for having credit score issues. This added interest shows up every month in a higher payment.
| Example: $23,000 Vehicle Financed for 5 Years | |||
| Credit Status | Rate | Payment | Interest Paid |
|---|---|---|---|
| High Credit Score | 3% | $413 | $1,796 |
| Slightly Damaged | 9% | $477 | $5,646 |
| Damaged | 18% | $584 | $12,042 |
Home Loan
Damaged credit on a vehicle is nothing compared to the effect of damaged credit on a home loan. A typical home can cost between $180,000 and $300,000 more in interest of the 30 year loan, if you are buying the home with damaged credit.
| Example: $120,000 home paid over 30 years: | |||
| Credit Status | Rate | Payment | Interest Paid |
|---|---|---|---|
| High Credit Score | 7% | $798 | $167,410 |
| Slightly Damaged | 9% | $966 | $227,596 |
| Damaged | 13% | $1,327 | $357,878 |
| Example: $190,000 home paid over 30 years: | |||
| Credit Status | Rate | Payment | Interest Paid |
|---|---|---|---|
| High Credit Score | 7% | $1,264 | $265,066 |
| Slightly Damaged | 9% | $1,529 | $360,361 |
| Damaged | 13% | $2,1202 | $566,640 |
Credit Cards
Usually you will not be unable to get an unsecured credit card with damaged credit. The accounts you may be approved for will typically have higher rates and low limits.
QWhy Do I need to Pay My Bills?
AWhen we delete a negative credit report listing, the actual debt remains. You still owe the same amount of money that you owed to begin with. If you don’t pay the debt, the creditor or collection agency could always report the item again. So removing the listing without addressing the debt is only a temporary solution.
QHow much does your service cost?
AReasonable Rates: We understand that in today’s troubled economy, everyone’s first priority is the bottom line cost. That is why we have gone to great lengths to ensure that our services are affordable to our customers. We are so confident in our ability and your satisfaction, that we provide a refund policy and the ability to cancel our services at any time.
Please call to speak to one of our analysts in customer service (866) 816-0304