Top Questions People Ask About Credit Repair

Happy young woman holding a credit card and smiling while using a laptop for online payment or credit-related services

Credit score is such a vital aspect of financial life for American residents that millions of them remain anxious about it. At Great American Credit Repair, individuals receive assistance to enhance their financial future by repairing their credit. Below, you will find the answers to the most common questions people ask about credit repair.

What Is Credit Repair?

Credit repair is a process through which a person can identify and dispute the errors on his/her credit report to improve their credit score. There are some gradual steps to follow in the credit repair process. Those are-

  1. Downloading credit report from “AnnualCreditReport” ( free)
  2. Identifying errors on the report.
  3. Disputing the errors through the credit bureau
  4. Negotiating with the creditors if necessary
  5. Paying off past debts as soon as possible
  6. Implementing a good credit maintenance habit

Sometimes people find it difficult to fix their credit by themselves. In this situation, you can hire a reputed credit repair company.

Great American Credit Repair is always ready to provide you a hassle-free service in your credit repair process.

Close-up of hand holding a credit card while typing on a laptop for online payment or financial transaction

Is Credit Repair Legal?

Yes, the Credit Repair Process is always legal. According to the Fair Credit Reporting Act (FCRA), you have the legal right to dispute the inaccuracies from the report. 

At Great American Credit Repair, you will get proper legal service in fixing your credit. 

How Long Does Credit Repair Take?

Report: There is a common misconception that it takes 7-10 years to remove negative items from a credit report. But according to the law, negative items will be removed immediately if the information is inaccurate or unverifiable, 

At Great American Credit Repair, several clients have experienced their desirable result in between 30 to 90 days only.

What Items Can Be Removed from a Credit Report?

There are several inaccurate items in your credit which are the consequences of your failure in credit maintenance. So, there is a chance to improve your credit by removing the inaccurate items if you maintain your credit in a good way. Items that can often be removed are:

  • Late payments: If the issue is older than seven years or it was reported in error, then it will be removed.
  • Charge-offs: You can remove this item if it is the result of incorrect dates, amounts or account details.
  • Collections: In Terms of seven years old account and Wrong information, it will be removed.
  • Bankruptcies: You can remove chapter seven bankruptcies after ten years and chapter thirteen bankruptcies after seven years. The timeframe will be counted from the date of filing.
  • Foreclosures: Foreclosure remains in the credit report for seven years from the first day of missed payment. You can’t remove a legitimate foreclosure but it will be removed if the case is an error or inaccurate.
  • Repossessions: This is similar to foreclosure. You can dispute the errors with the credit bureau if the case is not legitimate.
  • Identity theft-related accounts: First, you need to report it to the Federal Trade Commission (FTC), then file a police report and lastly dispute the error with the credit accounts
  • Duplicate accounts: After identifying the duplicate account, you need to send a dispute letter with all legal and original documents to each of the three major credit bureaus.

At Great American Credit Repair, your file will be checked thoroughly to find out the potential errors or outdated entries.

Young woman using smartphone and holding a credit card while studying at home

Will Paying Off My Debt Fix My Credit?

Sometimes paying off debt doesn’t work for improving credit. Especially, when your account is already in collections or charged off. In this case, you need to ensure that your credit report is error-free and based on accurate and positive activity.

Can I Repair My Credit on My Own?

Definitely. You can repair your credit by yourself. But to do this you need to be knowledgeable enough in the credit repairing process. Otherwise, it will take your valuable time. Also, you need to know the credit laws.

You can hire a credit repair company to repair your credit. Many people nowadays hire professionals to get a flawless repaired credit. Great American Credit Repair is a faithful company to rely on for the credit repairing process.

Is Credit Repair Worth It?

Credit repair is worth it in terms of facing repeated denial for loans, high-interest loans, and struggle in renting an apartment. Credit repair always makes your financial journey smooth. 

How Can Great American Credit Repair Help Me?

Great American Credit Repair is a trusted company that helps people improve their credit in all possible legal ways.

Great American Credit Repair offers-

  • Checking credit report
  • Customized dispute strategy
  • Negotiation with the creditors
  • Fast service than DIY
  • Future credit management plan
  • All support according to the American credit laws and regulations.
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