FAQs
Frequently Asked Questions
Question: Is Credit Repair Legal?
Answer: Yes. Over the years there has been lots of controversy regarding credit repair. However the creation of the Credit Repair Organizations Act (CROA) help remove many of the problems from the industry and today there are many reputable Law Firms that are specializing in credit repair. If you select a reputable company you should have a good experience.
Question: I thought credit repair companies can’t charge until after the work is done?
Answer: Many people misunderstand this law. If a credit repair company is sending letters on your behalf, they can charge the monthly fee once the letters have been sent each month.
Question: How long does it take to repair my credit?
Answer: It is inappropriate for any firm to promise a particular result within a certain time frame. A firm can not promise a client that he or she would prevail with credit repair. Although a firm can give you an idea as to how they have performed in the past, your personal experience may vary. When credit reports are promptly sent to a firm, many clients have seen exhilarating progress within the first 60 days.
Question: Do I need to see my credit report first?
Answer: It is not 100% necessary to get your credit report, but it can certainly help you when working with a credit repair firm. You can get your instant online credit report by visiting annualcreditreport.com.
Question: I’ve read Credit Repair Companies cannot guarantee results. Why does every site offer guarantees?
Answer: Basically Credit Repair Companies cannot guarantee results e.g. “we 100% guarantee to remove negative items from your report”.
A credit repair firm can offer a guarantee or refund if you are unhappy with their service.
Question: How will I know if a credit repair company is legitimate?
Answer: It is very difficult to tell. That is why we developed this website to help you determine the best and most reputable credit repair firms to meet your needs. New credit repair companies pop up everyday so you have to be careful.