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FAQ's

The honest answer is it depends on your aspirations, your situation and the extent of the work that needs to be done, which is one of the best parts of MyCreditRepairSpecialists.com. We view you as an individual and design a game plan meant just for you. It focuses on the areas that will make the most impact and helps MyCreditRepairSpecialists.com experts get to work quickly to ensure your creditors are acting responsibly with the information they report.

There are more chances for change and growth than you might think. Creditors sell critical information about you every day. This data affects everything in your life, from your car payment to your house. So, it’s important to make sure data is as substantiated, timely, accurate, and fair as possible. This is where the MyCreditRepairSpecialists.com experts come in. It’s our responsibility to inspect the items on your credit report and intervene with your creditors. Doing so upholds standards about the information they report to the bureaus.

While it might seem like considering credit repair while you’re going through a bankruptcy is a waste of time, it’s one of the best things that you can do to help yourself. It’s easy for items to slip through the cracks or be reported incorrectly during bankruptcy proceedings. The impact on your credit score is devastating and lingers for a long time. The MyCreditRepairSpecialists.com experts understand the credit system. We ensure everything is correct and remove false reporting. When you’re dealing with bankruptcy, it is critical that experts who are skillful and trustworthy are looking out for you and your best interest.

These days, your credit impacts everything. Don’t believe us? Do a little math. Poor credit costs you thousands of dollars during large loans. It prevents you from getting insurance coverage, or sometimes a job. Beyond that, poor credit makes everyday needs and decisions more difficult.

That’s why the value of credit repair can seem pretty priceless. Excellent credit is a godsend to your anxiety levels. MyCreditRepairSpecialists.com tackles your credit issues for just a small monthly fee. That’s a value that repays itself over time.

MyCreditRepairSpecialists.com focuses on how your credit reports appear. In other words, we help safeguard your financial reputation, allowing you to achieve the credit you deserve. However, debt settlement companies offer something very different – they negotiate with your creditors to create payment plans. Unfortunately, they make your credit reports worse. Credit repair is unique. Rather than settling your debts, our team ensures negative items on your credit report aren’t inaccurate, irrelevant, or reported unfairly. If they are, we remove them. With MyCreditRepairSpecialists.com, the answer’s in the name: we’re the experts in credit repair. We defend your financial reputation.

Yes! Email us with your questions. We’ll get back to you promptly. If you are not a member of MyCreditRepairSpecialists.com and have questions about the service email us at info@MyCreditRepairSpecialists.com.

We are based in Austin, Texas. However, we have a few locations around the country. Also, our professionals are available by phone or email.

Call (512) 888-2017

M-F: 9 AM to 8 PM CST

Sat: 11 AM to 3 PM CST

Sun: 11 AM to 3 PM CST

Already a Member? Call (512) 888-2017

M-F: 8 AM to 8 PM CST

Sat: 11 AM to 3 PM CST

Sun: 11 AM to 3 PM CST

The Fair Credit Reporting Act (FCRA) was an amendment of the Consumer Credit Protection Act. The FCRA ensures additional measures of consumer protection when it comes to how credit bureaus collect information and what information they collect. Additionally, the act permits individuals to engage in credit repair and maintenance processes, ensuring the data in their credit report is accurate.

Rights under the FCRA include:

  • Access to your credit report. You have the right to know what is in your credit report. The FCRA requires credit bureaus to provide you with a free copy of your credit report every year. You are allowed to receive a free copy of your report if:
    • A potential lender views it
    • You are the victim of identity theft and wish to add a fraud alert in your credit file
    • You request public assistance
    • You are unemployed and plan to apply for a new job.
  • Access to your credit score. It provides potential creditors with an indication of how likely you are to repay a loan. This number assists lenders, insurance companies, and other businesses to decide whether to work with you. The credit bureaus are required to provide your credit score if you request it. By hiring us, you receive a free, updated credit score every 90 days.
  • Notification when your credit data is used against you. Lenders must tell you if your credit history caused a loan to be denied. They must provide the contact information of the credit bureau that gave them access to your report.
  • The right to dispute your credit report. Incomplete or false information hurts your credit score. The FCRA gives you the right to trigger an investigation if you spot an error. Once the information is verified as false or inaccurate, the credit bureaus are required to delete or correct it within 30 days. Keep in mind we demand creditors and bureaus uphold fairness and substantiation standards, in addition to accuracy.
  • The right to delete outdated information. Collections and bankruptcies remain on your credit report for a maximum of 7 to 10 years. Beyond then, the credit bureaus are required to remove them from your report. However, there isn’t a minimum reporting period. Creditors and the bureaus can remove information earlier if they choose to do so.
  • The right to determine who views your credit report. No one is allowed to see your credit report without your express permission. The FCRA requires lenders, landlords, and all other parties to obtain written consent to view your credit report.
  • The right to opt out of unsolicited offers. You have legal recourse when it comes to these hassles. Businesses must provide a toll-free number that directs you to a way to remove your name from their solicitation list.
  • The right to legal action. The FCRA prevents outsiders from misusing your credit report. For more information about legal recourse, contact MyCreditRepairSpecialists.com or visit the Federal Trade Commission website: www.ftc.gov/credit.

A credit bureau, or a “consumer reporting agency,” is an organization that collects relevant consumer data from creditors and courthouses and sells that information to potential lenders in the form of a credit report. The three major credit bureaus in the United States are TransUnion, Experian, and Equifax.

Credit data is usually distilled into a more compact “credit score.” This score usually decides whether you receive a loan. Before credit scores were used, potential lenders interviewed consumers directly to determine if they were credit-worthy, which was time-consuming, unreliable, and prejudicial. As a result, lenders started using credit reports to help make fair lending decisions.

Credit bureaus have been around for longer than credit scores have. For instance, TransUnion was founded early in the 20th century and is now owned by private equity firms, including Advent International and Goldman Sachs Capital Partners.

Experian became the industry’s largest credit bureau in the United States shortly after its founding in 1970. It merged with Chilton – a competitor – before being purchased in 1980 by GUS plc, a retail group in Great Britain, and was soon renamed Experian.

Equifax was founded in 1899 and grew quickly, spanning across the U.S. and parts of Canada by the 1920s.

  • The credit bureaus use a variety of information to produce reports, including:
    • Personal – Your full name, Social Security Number (SSN), address, birthday, current and past employers
    • Public – Public information, including tax liens, bankruptcies, judgments, and more
    • Credit and account information – A list of all past and current accounts, creditors, activation dates, various credit limits, your payment histories, and monthly payment amounts.
    • Inquiries – A list of people and/or organizations who requested access to your credit report over the years
  • No one is perfect. Credit bureaus are guilty of reporting inaccurate and false information on consumer credit reports from time to time. Usually the culprits are creditors and courthouses. These organizations must meet tough standards for fairness, accuracy, and substantiation to report data about you to the bureaus, which they do not always follow.
  • Governing laws. Credit bureaus are not government agencies. Instead, they are highly-regulated organizations, subject to regulation by the Federal Trade Commission (FTC) and applicable consumer protection statutes. As a result, you can challenge the information found in your credit reports.

Differences

  • Creditors sometimes work with the same bureau. As a result, an account that appears on one report will be missing from reports from other bureaus.
  • Credit scoring systems. Credit bureau licenses use different credit scoring algorithms. Complicating matters, they also use non-licensed internal scores and provide them to consumers. The culprit of your frustration with different credit bureau scores could be due to math.

These similarities and differences make it hard to figure out how to improve your score, so contact MyCreditRepairSpecialists.com.

Creditors write off the debt as a loss on their financial statements when it goes unpaid for 180 days or more. Once it is charged off, it is moved to an in-house collections department or sold to a third-party collections agency. In addition to calls and emails, it harms your credit report. Not only does it stay on your file for up to seven years, but it also affects your credit score. Your current creditors can then raise your interest rates. Also, new creditors will be less likely to loan you money if they see one on your credit report. However, it is possible to fix the problem by:

  • Looking for Inaccurate reporting – Our experts make sure the details are correct by ordering copies of your credit reports. The creditor must prove, in writing:
    • The initial agreement
    • A transfer of debt ownership
    • Your payment history
    • The account balance
    • Fees and penalties added to the account
    • The collection agency’s right to pursue the debt in your state.
  • The creditor or collection agency has 30 days to prove your debt. If they can’t do so, it must be removed from your credit reports. Even if they can, you still have a few options, including:
  • Striking a deal – Your creditor or collection agency might be willing to strike a deal in exchange a wide range of considerations. They might remove the citation from your credit reports if you agree to a settlement. This requires a letter of agreement in before submitting payment in the form of a money order or certified check. You should document each step, as well as provide copies of your agreement to the credit bureaus. Keep MyCreditRepairSpecialists.com informed of all creditor correspondence.
  • Waiting for the citation to expire – If your creditor or the collections agency doesn’t remove the citation, repaying the debt could impact your credit score. This is called “re-aging,” which happens when the date of the last notation is updated on your credit report. It could reactivate the debt on your credit report. That’s why it is essential to weigh your options, as it might be preferable to wait.
  • Choosing the right path is easier with a credit repair professional like MyCreditRepairSpecialists, especially when debt collectors get involved.

First of all, it takes time. Repairing your credit isn’t easy. MyCreditRepairSpecialists.com values your time and unique situations, devising one-of-a-kind solutions that will deliver results. We work with you to:

  • Check your credit reports to help you identify problem items – This allows us to focus and get started as quickly as possible.
  • Challenge the items – We communicate directly with credits to resolve issues. We also communicate with the credit bureaus. Creditor and credit bureau cooperation is imperative, and we know how to get their cooperation due to our understanding of consumer protection laws.
  • Confronting your credit score directly – We’re dedicated to changing your life, and our efforts almost always result in improved credit scores.

Although you can do it own your own, MyCreditRepairSpecialists.com has the resources to get the job done quickly by understanding:

  • The credit reports
  • How they are created
  • The laws governing creditor actions.

We take charge of the situation by:

  • Communicating directly with creditors
  • Using the law to guide us
  • Representing you honestly

At MyCreditRepairSpecialists.com, our processes help our clients take control of their finances. Our track record speaks for itself. Choosing us will allow you to take advantage of our proven, three-step process:

  1. We instantly pull your credit reports and organize the information in a manner that allows us to identify problem areas.
  2. We interact with the credit companies and force them to meet their obligations to the law. We work with the credit bureaus to confirm that the appropriate changes have actually occurred.
  3. We make it easy with a user-friendly online toolkit so that you can monitor your progress with helpful tools, including:
  • An online dashboard
  • Advisors to ready to take your call
  • A monthly online credit score analysis
  • Theft insurance assistance
  • Updated credit reports every month.
  • An updated credit score every 30 days.
  • Mobile apps and customizable text alerts.

There is no minimum timeframe.

Maximum Limits

Two Years

  • Inquiries

Seven Years

  • Civil suits, judgments, and arrest records remain for seven years or until the governing statute of limitation has expired.
  • Tax liens
  • Collection accounts
  • Adverse items of information (excluding records of convictions of crimes)
  • Closed accounts
  • Late payments
  • Charge-offs
  • Paid student loan default
  • Lost credit card incidences

Ten Years

  • Bankruptcy (Chapters 7, 11, 12, and 13)

Forever

  • Unpaid tax liens
  • Unpaid federal student loans
  • Criminal convictions

Credit reporting is never cut-and-dry. While a collection account can remain on your credit report for up to seven years, a goodwill intervention, debt validation, or other credit repair strategy could produce a drastic change. At MyCreditRepairSpecialists.com, we assess every piece of credit report information and carefully determine the best way to manage it. Allow our expertise to work for you.

Your credit follows you everywhere, including:

  • Loan applications
  • Interest rates
  • Insurance premiums
  • Employment opportunities
  • Savings
  • How Much Does Credit Repair Cost?

Bad credit costs, affecting every area of your life. Those living with bad credit understand the challenges it causes, including:

  • High-interest rates on all types of loans
  • Difficulties finding lenders
  • Extreme debt
  • Through-the-roof insurance premiums
  • Lost job opportunities

Bad credit reduces financial opportunity and threatens your stability. The time is now to make a change. Our fees are affordable, and we do not require you to sign a term agreement. You’ll receive:

  • A personal online dashboard
  • Dedicated member advisors
  • A monthly online credit score analysis
  • Identity theft insurance
  • Updated credit reports
  • An updated credit score every 90 days
  • Mobile apps and customizable text alerts

Everything appearing on your credit report must meet three consumer protection standards: Fairly-reported information, accurate documentation, and substantiated data. Although our national headquarters are located in Austin, Texas, our services are available online and by telephone. Our skilled Credit Repair Specialists and Certified Paralegals are always available to answer all your questions. Credit repair is possible from the comfort of your own home.

It is still possible to find a loan with bad credit. However, is a bad credit loan worth the disadvantages?

When a lender approves a loan, they decide on an interest rate based on your credit score. When your credit is low, a lender assumes you are at greater risk of defaulting on the loan. As a result, they increase your interest rate, which allows your lender to collect additional funds.

A bad credit loan is sure to cost you more in the long run. For instance:

  • Mark’s credit score is 780, which is a top score in the country. He bought a $400,000 home with a 30-year fixed mortgage. His credit score allowed him to secure the best interest rate on the market.
  • At the same time, Jerry wants to buy a house that also requires a $400,000 loan. Unfortunately, Jerry’s credit score is 659. As a result, the bank will only approve Jerry’s loan with a high-interest rate attached. Over the next 30 years, Jerry will pay over $250,000 more in interest than Mark will.

MyCreditRepairSpecialists.com pursues the credit score you deserve. Don’t settle for paying more money over the life of your loan. Play it smart and focus on credit repair first.