Your questions answered
A: Credit repair is the process of identifying and correcting inaccuracies, errors, and discrepancies on your credit report. The goal of credit repair is to improve your credit score and help you achieve your financial goals.
A: Credit repair works by reviewing your credit report for inaccuracies and errors, and then disputing them with the credit reporting agencies and your creditors. If the disputed information is found to be inaccurate or outdated, it will be removed from your credit report, which can help improve your credit score.
A: Yes, you can repair your credit on your own. However, it can be a complex and time-consuming process, and many people prefer to work with a credit repair company that has experience and expertise in credit repair.
A: Yes, credit repair is legal. However, credit repair companies must follow the rules and regulations set forth by the Credit Repair Organizations Act (CROA) and cannot engage in fraudulent or unethical practices.
A: The length of time it takes to complete credit repair depends on the complexity of your credit report and the number of inaccuracies and errors that need to be corrected. On average, credit repair can take between three and six months, although it may take longer in some cases.
A: No, credit repair companies cannot guarantee a specific increase in your credit score. The credit scoring system is complex and influenced by many factors beyond a credit repair company’s control, such as an individual’s payment history, credit utilization, length of credit history, and types of credit.
A: The cost of credit repair varies depending on the company and the complexity of your credit report. At Universal Recovery Consultants, we offer transparent and affordable pricing, and we’ll work with you to create a customized credit restoration plan that fits your budget.
A: Yes, credit repair can help you get approved for a loan or credit card by improving your credit score and removing inaccuracies and errors from your credit report. However, the actual impact on your credit score may vary based on your unique credit history and financial situation.
A: Credit repair can potentially affect your credit score in a positive way by removing inaccuracies and errors from your credit report. However, the actual impact on your credit score may vary based on your unique credit history and financial situation.
A: Getting started with credit repair is easy. Simply contact Universal Recovery Consultants to schedule a free credit consultation. We’ll review your credit report and create a customized credit restoration plan that fits your unique needs and goals.