Frequently Asked Questions
Inaccurate information or a single negative item on your credit reports can lower your credit FICO score with all three major credit bureaus. Low FICO scores can affect your chances to obtain lower interest rates for home mortgages and auto loans. It also will increase your auto insurance rates and affect your ability to obtain employment. MyCreditFocus.com has been very successful in the past with removing negative credit items. Although you can attempt to do this yourself, many individuals have found that it becomes very frustrating and time consuming when they do not achieve the results that we can provide. The fact is that the credit bureaus may choose to ignore your attempts or choose not to re-investigate the negative items at all.
Yes, in most states the law requires that you be licensed.
Any personal information that you submit to MyCreditFocus.com has the fiduciary duty to protect your information. Not only are we ethically and morally bound, our license also requires it. We will not disclose, resell, or allow your personal information to be viewed by anyone.
The bureaus must respond in 30 days of the dispute. Within the first 60 days you will start to see improvement in your credit report. Depending on the number of negative items appearing on your credit reports will determine the duration of time that services will be needed.
No, do not apply for any new credit because it will interfere with the process of restoring your credit and void our guarantee.
You will receive updated credit reports about every 2-3 weeks until your account is completed. As items are disputed, the bureaus will forward correspondence directly to you regarding the progress of the disputes.
Send the original reports to MyCreditFocus.com and make copies for your records.
Submitting a properly-written dispute letter is extremely important while concerning on the clearing of credit report. Sending an inappropriately-written dispute letter to the credit bureau might prove to be quite dearer for the person as, such a vital document assist in receiving in multiple valuable purposes including a job, loan or even a new home.
Owning a home is a long-driven wish of people for which they take a lot of sincere efforts. Home is the ideal place that we look as our shelter during bad times. Home is a place that witnesses our joyful moments as well as our days of despair. However, buying a home is quite a difficult prospect mostly, because of the poor credit history.
Whilst there are several problems that generally arise due to a bad credit score, especially when you have to opt for borrowing options, there are various loopholes that can sanction the loan even with a bad credit score. However the prime question that still remains is whether a bad credit really has numerous drawbacks that it carries?
Fixing a poor credit report is of prime importance for an individual and the entire task must be completed in a minimum number of days as possible. However, there is no such appropriate answer to the question that how much time is required for it. Individuals with the need of so often face problems as in case of urgent requirement, they end up in facing delays to make the purchase or losing their chance of getting a loan.
There are numerous laws and regulations provided to the customers, which give them the ability to interrogate the creditors regarding those accounts that are finally reported or submitted to the credit bureaus. Everything that gets appeared within a credit report must encounter the three basic consumer protection standards.
It is obvious that you are feeling overwhelmed with high credit card debts. But do not think that you are not alone. For those people who are carrying a balance in their credit cards month after months, they may also suffer from bad credits. There are several ways to get rid of the bad credits if you have any.