About Us
Errors in Credit Reports
Credit bureaus don't do a good job of record-keeping. In fact, the odds are at least 1 out of 3 that your credit report contains mistakes ... and that's a conservative estimate. The Charles Givens organization estimates that an appalling 90% of credit reports contain mistakes!
So it's obvious that, even taking the minimum estimates, it's highly likely that accounts in your credit report contain errors, or may not even be your accounts at all!
But the really scary part is ... even ONE mistake can result in you being turned down for credit!
The Fair Credit Reporting Act
Because of these abuses in credit reporting, the United States Congress passed the Fair Credit Reporting Act (FCRA) in 1972.
The FCRA grants the consumers certain rights under the law in reference to credit reporting, among them the right to insist on an investigation into the accuracy of their credit report.
We Look At Your Credit Report to Determine If There May Be Inaccurate Information
We are very familiar with your rights under the Fair Credit Reporting Act and with the remedies available to you to make sure that any inaccuracies in your credit report are corrected.
We will analyze and evaluate your credit report and search for items that we believe, based on our experience, have a high likelihood of being in error. After identifying potential items of concern, we will guide you in dealing with the major credit bureaus to make sure that errors are corrected, as required by the FCRA.
What Types of Errors Can Take Place?
Wrong accounts
Account details are not being reported correctly
Timely payments incorrectly reported as "late"
Accounts that were paid off shown as turned over for collection
You applied for an account but never opened it
An account was opened in your name by your child
Payments made were not credited
Accounts you paid off are not being shown as paid off
Mortgage details are not accurately being reported
Incorrect employer information
Incorrect salary
Address is incorrect
Wrong social security number
Report incorrectly shows you as having filed for bankruptcy
Bankruptcy being reported as pending although it has been discharged
Report erroneously shows pending legal actions
Legal actions that were settled are still showing as pending
Credit limits incorrect
Car loans that were paid off shown as still open
Account closed by you is shown as closed by the merchant
Report erroneously shows pending foreclosures
Report shows foreclosure as pending that were already settled
We Organize a Plan on Which to Act
In discussion with you, we will prepare and execute a plan to help you authenticate that the items in your credit reports are all being accurately reported ... to authenticate that it was you in fact who applied for all the accounts in question, and that everything concerning those accounts is being correctly reported.
We will guide you in implementing the strategy, and will work with you in the execution of the plan until any and all inaccurate information has been corrected.
We Investigate Other Factors in Your Credit Report As Well
There are factors other than negative accounts that can cause you to have a low credit score. Nevertheless, this is the point where a lot of "Credit Repair Agencies" stop! But we go beyond simply challenging account information in your credit report.
Did you know that the number of requests for your credit report can damage your credit score? And because the credit bureaus are so bad at keeping records accurate, there's a high likelihood that requests were made that you did not authorize (as required by law).
Yet another matter that bears careful attention is the "debt ratio" ... your level of debt compared to your "credit limit."
We also help you modify this ratio to raise your credit score.
"Types" of debt also affect your credit score. Too many debts of the same kind (revolving or installment debt) also can lower your credit score. We'll look for difficulties in this area and help you to attain a better balance.
