Credit repair companies assist consumers in increasing their credit scores.
FAQ
Why should I use a credit repair company?
What is a credit score and why is it important?
A credit score is a number usually between 350 and 850 that is calculated by a mathematical formula that evaluates many types of information on your credit report.
What are my credit rights?
RIGHT 1: The right to view your credit report.
This portion of the law requires that the credit reporting agencies supply you with a full report on your credit transactions at any time you request one. There is no charge for the first credit report you request annually. For every subsequent credit report you request, the credit reporting agencies are allowed to charge a reasonable fee. However, if you have recently been rejected for credit you are entitled to a free credit report even if you have already requested one that year.
What are the time limits for bad lines of credit?
Negative credit information can remain on your credit report for seven years.
How are credit scores evaluated?
Scores under 500 = Bad Score.
Scores 500 - 600 = Poor Score.
Scores 600-650 = Fair Score.
