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Is
Credit Repair legal?
Yes! The credit bureaus, as well as creditors,
are required to follow accuracy procedures before they
can legally place any items on a credit report. In many
cases they do not do this. We insure that the credit
bureaus back up all of their claims of accuracy. Once
an error is identified, if it can't be proven 100% accurate,
the item must be removed. Under the Fair Credit Reporting
Act, you are protected by your right to have this information
verified.
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How
do we do this?
We start by examining your personal
credit file held by each of the major credit reporting
bureaus.
(TransUnion, Equifax and Experian)
Then, we identify any accounts that contain information
that could be considered adverse. Next, upon the your
request, we dispute all of the accounts that contain
inaccurate, erroneous, or obsolete information on
your behalf and have the accounts deleted or updated
accordingly.
Each
time we receive new updates from you, we continue
to work on any negative accounts that might still
remain.
Finally
we consult with you on how to avoid future negative
credit listings, while educating you with helpful
tips on how to use the credit system to ones advantage
and boost the credit scores.
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How
long will it take?
Your credit can be repaired in
as little as
45 business days. All updates are mailed to you directly
from each credit reporting agency. The packets you
receive, includes a cover sheet stating all of the
updates, along with a copy of your new credit report.
The total time the repair process will take depends
on the number of accounts that contain adverse information,
in addition to how quickly you forward the results
to us. We can determine the level of success you have
received, by carefully reviewing the results and challenging
additional inaccuracies. |
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Does
paying off old bills repair my credit?
No! Many people think so. However,
the credit reporting system does
not work that way. When a client
pays an old debt, the negative credit listing does
not disappear. In fact, the date of last activity
for that account is then updated to reflect the
client's last payment which could further lower
their credit score. Now, instead of that account
reporting as a collection or charge-off, it simply
updates to a paid collection or paid charge-off
that is reported. In some cases, contacting the
creditor or attempting to pay these old debts can
even re-enact the statute of limitations and set
you up for further collection attacks or even a
lawsuit. BE CAREFUL!
Each
individual's credit report is a history or "report
card" of his or her credit experiences and
it will continue to show past negative items. CommonWealth
can work to repair your credit history and increase
your creditworthiness.
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How much does it cost to repair my credit?
CommonWealth
believes that everyone should get a fair, honest price
to have their credit repaired. We even have a "Special
Limited time Offer" as heard on our radio ads
- Call for details!!,
Our Program includes repair of all three major credit
bureaus.
Other
companies charge thousands of dollars. Don't
be tricked by their inflated pricing games or huge
discount offers. Some try to get you
on an endless monthly billing program, touting that
it's better to only work on a couple of negative accounts
per month. This tactic is very bad for the consumer.
Reason: It is the best interest of that company to
drag out the credit repair process as long as possible
thus insuring they continually get to bill you each
and every month. CommonWealth's program is different,
we work to get your credit repaired as fast as legally
possible so you can accomplish the goals you have
in your life!
CommonWealth
is a legitimate credit restoration company. WE get
results, and WE will change your life!
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