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Frequently Asked Questions
A credit report is a track record of both your personal and financial credit information. This includes information from public records, personal identification, and debt information. Your report will show your payment history, debt balances, items in default, collections, and who you owe money to.
Your credit score is a 3-digit number between 300 and 850, which shows your creditworthiness. Lenders use your credit score to decide whether or not you qualify for loans. They also use your credit score to determine your interest rate.
No, requesting or looking at your credit report does not impact your credit score.
Lower scores can lead to missed employment opportunities, higher interest rates on loans, loan denials, and difficulty obtaining big-ticket purchases like homes or cars.
Unfortunately, many people have errors on their credit reports which can lower their scores. These mistakes can cost you money and are challenging to remove without a specialist.
Each situation is unique and so is the timeframe required to repair your credit. The majority of our customers see credit responses within the first 45-60 days.
We work on your credit on a month by month basis until you are satisfied with the improvement in your credit. Our goal is to improve both your credit report and credit score continuously each month. With that said, keep in mind that no company can promise any specific outcome simply because there are several third parties involved (e.g. Equifax, Transunion, Experian, your creditors, etc.) and no one can predict how they will respond.
It all depends. There are no two credit reports that are exactly the same. This means that improvements we make on one person’s credit may or may not improve the score as much as another’s. The “average”, we’ve found, never applies. We’ve seen scores go up 200+ points, and others just get the 20 point boost they needed to qualify for their home loan. Everyone’s results will vary, but you can be certain we will get you the best results possible.
A variety of entities can request and view your credit report. These include
Banks
Student loan providers
Utility companies
Insurance companies
Landlords
Employers
Collection agencies
Government agencies
Any entity with a court order
A study by the Federal Trade Commission found that 1 in 5 Americans have errors on their credit reports, and 1 in 10 Americans have errors that lower their credit scores.
Each credit bureau likely keeps records of your finances and transactions. They are equally important. Employers, loan officers, and others may contact one or more of these bureaus for your information.