Bad Credit FAQ’s
- How long does it take to remove a late payment?
- Is this a real service…because I know many of “bad credit repair companies” just rip off people.
- How do I know this credit repair service will help me?
- What can actually be removed from my report?
- What do you do that’s different from a traditional credit repair company?
- I have collection accounts, what should I do?
- I just paid all my collections and my score went down. Why is that?
- What’s the difference between a collection, a charge-off and a P & L?
- Can a Bankruptcy be removed from my credit report?
- Can a foreclosure be removed from my credit report?
- Can a tax lien be removed from my credit report?
- I have a ton of student loans. Is there anything I can do with these?
- My social security numbers don’t match. Did someone steal my identity?
- My identity was stolen. What do I do now?
- My bankruptcy was discharged. Why do I still have collections reported as current?
- How do I read a credit report?
- Are online credit reports accurate? My Loan Officer pulled a different type of report and my scores are much lower….
- Are there any guarantees with your service?
- What issues impact my credit score the most?
- I don’t have any credit. How do I build it?
- What about services that sell trade lines. Are they legitimate?
- I have a judgment entered against me. What can YOU do?
- I lost my house in a foreclosure. What can you do to remove this bad credit?
- How does a foreclosure or a short sale impact my credit?
- What results can you show me?
Late payments under the Fixmyreport.com program can oftentimes be removed in under seven (7) days. Now, I know seven days seems like an outrageous and completely unreasonable time, but it is true. We can share real proof and evidence to prove to you that we can potentially delete your bad credit scores, permanently delete or modify your late payments or collections… or a series of late payments from a credit report within a seven day time period. On average though, most of our cases take between 21-45 days depending on the complexity of your bad credit.
Contact Fixmyreport.com for more information on this, especially if you have a specific time frame in which to complete you real estate transaction. Disappear YOUR Bad Credit Once and for all!
Fixmyreport.com is absolutely a real company and you are right in thinking that many of the online credit repair companies are not credit repair companies but merely lead generating companies that sell leads to credit repair companies that pay $20, $50 to $100 for a bad credit repair lead. We are absolutely an authentic and real service. We offer an Insane MONEY BACK GUARANTEE TOO!
A 100% written money-back guarantee and it is important to understand and know who you are dealing with in advance before paying them any money.
That’s a great question. In certain cases, Fixmyreport.com will actually not take on a client…those specifically with really bad credit. Those cases are where a client is looking to delete a bankruptcy or remove a bankruptcy off of a credit report or where they are looking to not pay a collection or not pay a creditor and are looking to simply dispute the issue off of the credit report. Fixmyreport.com often avoids bad credit cases like this. The best and most effective way to know if this will help YOU, would be to get an actual analysis done by a Fixmyreport.com representative. These extensively trained credit repair experts, are extremely versed in understanding what aspects of a credit report & what aspects of a credit score can be increased; what areas on your credit report to stay away from and what areas on your credit report to focus on. If you are attempting to obtain a loan or mortgage for a new home or investment property or refinance, it is very critical for YOU to understand what bad credit items you need to focus on that will make the difference to your credit score and your credit report because it doesn’t make sense to overpay or overspend on something that you don’t need to invest in! My advice, our advice, is to fax a copy of your credit report to 858-764-5426
There are numerous types of items that can be removed, deleted or modified from your credit report. These items include, but certainly are not limited to, credit card lates, judgments, repossessions, collections, P&L’s, short sales, bad credit mortgages, mortgage foreclosures (depending on the State), possible paid collection accounts. All of these items can potentially be deleted or modified. There are certain items that Fixmyreport.com chooses not to get involved in. There are other bad credit repair companies that will gladly look to remove bankruptcy off of a credit report, which in Fixmyreport.com view is against the law.
Fixmyreport.com is not a “traditional 1970’s credit repair company”. What bad credit repair agencies do as a business practice, is dispute the bad credit information – that’s “inaccurate and unverifiable”. Those bad credit repair companies then hope to obtain a credit report back from the credit bureau, that indicates that that item has been deleted or modified. This process takes on average 35-45 days “per round”. These rounds often times are effective initially, but when the creditor re-reports the bad credit information back to the credit agency, those bad credit items show back on the credit report, thereby lowering the scores once again! So, the effect is like a roller coaster ride! So by using a bad credit repair company, your scores may have the illusion of going up 50, 100, 150 points within a month to 40 days and then the following month, you may find that your scores are back to where they were before because those creditors re-reported the information. So credit repair is a temporary solution to a long-term problem. What Fixmyreport.com does, by contrast, differently than a credit repair company, Fixmyreport obtains proper, accurate and verifiable documentation directly from those individual creditors then submits that bad credit information back to the loan officer or the credit repositories, if required, to re-score or delete the information permanently from that credit report. By contrast, we are nearly 400% faster, far more precise and accurate, reliable, trust-worthy and reachable. And all of our work is guaranteed with a 100% money back performance guarantee and we never ever collect funds in advance of work performed.
Collections are complex problems, and in that often times they could end up going to a law firm or you could potentially end up in litigation or a collection. A collection is the first stage of a judgment. A judgment is a court order issued against the defendant for – typically money. If you get a collection, it’s actually very important to take action on it and think before you communicate and think before you provide any proof or request anything from that creditor. Fixmyreport.com highly recommends that you do not engage at all with your collection agency and that you leave the negotiation and communication to an authority such as Fixmyreport.com or a law firm that is versed in creditor law. But, if you choose to take on addressing and dealing with your collection issue, be clear in advance that these companies are in no way, shape or form, your friend. Best of luck
Well, when you pay your collections, you effectively update the collection as to the calendar month that you are paying the collection, thereby fast-forwarding the distance from where it was late reported until the time that it is today. So, for example, if you have a collection from 2005 you paid because you were told to, or you felt that you had to, that collection would then be updated into 2010, so that collection would be updated until the current day of May 2010, thereby updating your score and lowering you credit score by probably 25-35 points, or more! So, the very thing that you are looking to do, which is restore integrity to your bills and your past, is actually now a problem. So, Fixmyreport.com highly recommends that you do nothing, do not pay these collections, do not pay these charge offs, do not pay these profit loss accounts until you speak with an expert that understands all the rules of the game.
So, what’s the difference between a collection, a charge-off and a P&L? Nothing whatsoever. They are effectively the same thing. They all mean the same thing. It is terminology in the industry designed to confuse a consumer and it works effectively.
It is Fixmyrepot.com’s position that bankruptcy removal is a federal offense. The removing of which could potentially cause far-reaching impact to your life, to the credit agencies life, the loan officer who is doing the loan, the Realtor involved in the transaction and as a result, could potentially destroy your credibility and the transaction causing you to potentially lose your deposit. Fixmyreport’s position is we do not delete or remove or modify bankruptcies although, we have process called a “BKR” or Bankruptcy Relist which literally rescores and recalculates the individual trade line items contained inside your Bankruptcy which results in a typical credit score increase between 40-75 points. Prior to taking any action, on your bankruptcy, we highly recommend that you get a professional analysis and set up a game plan for you to win so you can increase your credit scores properly avoiding any potential risk.
In the last 12 months, Fixmyreport.com has answered this question at least 2,000 times. Can a foreclosure be removed from my credit report? The answer is yes. Foreclosure removal is a 4-step process. The 4-step process is contingent upon Fixmyreport.com obtaining directly from the creditor what is known as a Notice of Recession. The Notice of Recession, when obtained from the original creditor, and filed properly with the court and also with the credit bureau, will reverse the previously filed notice of default thereby unwinding the entire transaction and as a result the entire trade line item that is being reported by the creditor will be deleted. Foreclosure removal is complex, to do it the right way, in a non-disputing method, so it never comes back again, foreclosures can absolutely be deleted. Check with your state laws about the actual removal. Different states vary and as a result certain states may not delete. Feel free to call Fixmyreport.com for more information.
Fixmyreport.com considers tax liens very similar to bankruptcies from a credit reporting standpoint in that it is our position that it is best served by another company outside of Fixmyreport.com. Often times, tax liens when disputed improperly, will get updated and as a result lower the score. Check with your local district revenue director to identify if they respond to credit repair disputes. Fixmyreport.com does not take on nor tackle tax lien issues although has very competent professionals to be able to help you and refer you to in dealing with the IRS franchise tax board or other governmental agencies.
This is a question that gets asked quite often. The majority of people that have student loans are lawyers, doctors, people in the medical profession and life-long students. Student loans are the only loan that cannot be discharged in bankruptcy. Often times, what you will find on a student loan is you may obtain a loan for $50,000 to go to school, graduate school or $100,000 or $200,000 or more and often times the information is re-reported multiple times on a client’s credit report so it looks like for example, that they may have multiple $50,000 loans when in fact, there is only one $50,000 loan. But it is reported three, four or five times. Is there anything you can do with this? Yes. Fixmyreport.com has designed a service called “File Compression”. A file compression literally compresses the loan files that were obtained at the time that the student loan was acquired. There by reducing the amount of loans from five or six loans down to one loan, one master loan. It can remove the actual associated lates with that loan and it consolidates that loan so it becomes properly reported. Don’t be stuck with your bad credit.
Identify theft was an issue that was being talked about in 2006, 2007, very aggressively. In fact, Fixmyreport.com published a book called “How to restore your Identity in 72 hours or less” to take care of the increase in identity theft cases. Currently, in the United States and globally, there are excess of one hundred million identity theft cases on an annual basis based upon Fair Isaac’s recent study of security and theft globally. As a statistic, nearly 75% of all identity theft occurs from friends or family. So, it is in fact possible that these friends or family members have stolen your identity to obtain cell phones, car loans, TV’s, tires, vehicles and, in some cases, Fixmyreport.com has seen multiple real estate properties that were fraudulently obtained using an individual’s credit card or social security number. What can you do to avoid this and identify if in fact somebody has stolen your identity? Fixmyreport.com suggests the very first step would be to obtain an accurate credit report form a reputable mortgage broker, fax it to Fixmyreport.com to determine the probability of identity theft and review with you the specific instances and specific items on your file to see if in fact they are validly yours or not, or if you have been a victim of identity theft.
As I previously indicated, identity theft is a massive global problem with over one hundred million reported, and mostly unreported, cases. 75% of which are family member related. If you believe you have been a victim of identity theft, contact Fixmyreport.com and we will provide for you a FREE KIT on how to restore your identity. A typical identity theft case requires in excess of 200 hours to correct. Fixmyreport.com has identified a process where you can get your identity restored in under 72 hours. The very first thing to do if you believe your identity was stolen is to call the three credit agencies and request a fraud alert or hawk alert to be reported to your credit file limiting the access to your credit report. For more information call Fixmyreport.com at 858-270-0251
When a bankruptcy is discharged, the credit bureaus send a representative to the courthouse to update the information. By updating the information, they can then re-report the bad credit data as accurate. Often times, information is not properly added to the bankruptcy case and as a result, is not properly updated on the credit file. It’s not that the individual trade line item was not properly included in the bankruptcy petition, but that the credit repositories failed to update that information and thereby the discharged item looks like it’s still open, unpaid and in collection. Fixmyreport.com has a process called “BK Re-List” which can correct an unlimited amount of derogatory information that was not properly addressed or adjudicated in the bankruptcy court process. We do not open the court case, we simply re-score the individual item thereby including it back into the bankruptcy and seeing a credit score increase from 40-75 points in approximately 60 days
Reading a credit report is like being able to decipher math. If you are a math person and enjoy numbers and statistics you will be able to be very effective at reading a credit report. The first thing you want to do in reading a credit report is look at each individual item as their own free-standing item. That is, instead of looking at the entire credit report as a whole, look at all of the parts to the whole first. Separate those parts in your mind and then read item, by item, by item. Accounts that are in good standing, leave them out. Maybe paste the page down. Accounts that are in poor-standing with a rating of R3 or R2 and above or M2 or above standing (R stands for revolving, M stands for mortgage) they require extra special care. We suggest before you take any action in reading a credit report that you pick up our Special Free Report “How to Read a Credit Report”.
At Fixmyreport.com we never trust in a third-party reseller of information such as “True Credit” or any pay-for online service. These services are based upon non-FICO models and are considered consumer reports and as a result, do not accurately reflect a credit score to be able to use to get qualified for a mortgage loan or investment property. These consumer scores have a different range, they range from 300 to 900 whereas a mortgage score ranges from 350-850. An installment accounts score has a different matrix. A vehicle score has another different matrix. So, it’s very important to be able to identify what credit report you are looking at. We highly recommend that you consider using the most aggressive credit report which is a Tri-Merge Credit Report that you can obtain from your loan officer or contact Fixmyreport.com for more information.
Yes. Fixmyreport.com offers all people a written 100% lifetime money-back guarantee. Our promise is to perform on work as agreed in the absence of being able to perform on a specific trade line item or account, Fixmyreprot.com will gladly exchange the account prior to a refund issuance. Our goal is to have people become completely and absolutely thrilled and satisfied with the performance and we have successfully completed more than 3,000 cases and have impacted people all around the United States in a positive way. You will find that our 100% Money-Back Guarantee is unquestionably “the most outrageous guarantee in the industry!”
How credit scoring work is actually quite simple although there is so much confusion in the market and confusion about what to do and what not to do with someone’s credit that consumers are baffled by the whole process. Personally, I find this to be a sad state simply because the very thing that drives the entire global economy is one’s credit score, and yet it‘s the very thing that people can’t explain due to the “complexity”. So, what issues impact my credit score the most? Very simply, in order of priority, bad credit, bad credit mortgage lates, late payments, foreclosures – all recently reported derogatory items such as collections, charge off’s, and repossessions. Bad credit items that happened two years ago, three years ago, four years ago, overall, have a lesser and lesser impact over time. So, for example, if you filed a bankruptcy in January and were subsequently discharged in May or June of that same year, the bad credit items would have a substantial impact on your score. As the years go by, one year, two years, three years, the overall impact of that bankruptcy becomes less and less and as a result, becomes further and further away thereby slowly raising your credit score. The advantage of having an expert or leading authority work on your scores is to be able to skew time to your advantage thereby reducing the five or six or seven year time period where that derogatory credit is impacting your credit score and your life. That’s where Fixmyreport.com can assist you in correcting those problems.
When I was a kid, I was always told by my parents go out and go get a loan, make a deposit at a bank and get a loan against that money, it will take you about a year to get some credit, make your payments on time. And that’s fine. And that process will still work as long as that bank or financial institution will report that. So, before you invest $1000 in a year of time to see if in fact you will be able to get a credit score increase or even credit, you may want to ask that financial institution if they’re members of the credit reporting bureau, otherwise you will be wasting a year of your time and $1000 of your cash. So, how to build good credit when you have had bad credit? One way to build good credit is to simply borrow it! I’m not talking about going through somebody’s mailbox and borrowing. I’m talking about simply asking your Mom, Dad, Family, Friends, Husband or Wife to be listed as an Authorized User. “An Authorized User” can potentially increase your credit scores, for example, in my personal situation, 134 points in just 11 days!! That’s a pretty substantial increase and I can document that. I added some really old credit on my credit report that I borrowed from my Dad, with his permission and as a result, my scores went up substantially! When I was heavily buying and selling real estate in a variety of markets throughout the country, I needed those score increases and an authorized user was allowed and allowable. Check with your mortgage broker to see if authorized users are still allowed by those individual financial institutions. Another way to build credit would be to obtain a secured card where you deposit $200, $300, $400 and use those funds so you are effectively “borrowing” money from yourself at some interest rate. It’s a good approach, although quite expensive and you have to be on time, otherwise you will be damaging your credit. There are many cards such as Action Card or First Premier Bank that provide very high interest credit cards to troubled credit borrowers. Ask Fixmyreport.com who they recommend and what options are available. You can reach Fixmyreport.com at 858-270-0251.
I have actually had an opportunity to interview two companies that were selling trade lines on the Internet. Both companies appeared to be quite legitimate and when I had put myself through it as the first step to test to see if they were legitimate before I offered it to my list of people, I found that one company, based in south Florida, was absolutely not legitimate. The other company located in San Diego, CA was legitimate. So how do you determine who is real and who is not? Well, the very thing that is important to recognize is there are brokers that sell services that broker a service between a trade line company and don’t actually provide the service. So, now you are paying an extra fee. I would recommend that you contact Fixmyreport.com for more information to help you see what we found in the area of trade line additions to help you with your credit score. Trade line additions are very valuable to people that have insufficient credit and can potentially make a substantial impact to your overall score.
Judgments will give you bad credit! Judgments are perfected collections, meaning that a court order has already occurred and then entered against the defendant for a specific sum of money in a specific court house at a specific day and time. Typically, the judgment creditor is simply interested in some form of financial settlement depending upon the State, the judgment creditor is entitled to interest at a statutory rate of 9% per annum or per year on top of the judgment amount. For example, if a judgment creditor or collector obtains a judgment against a defendant for $1,000 and that judgment debtor fails to pay that judgment for a five year time period, they would then be theoretically responsible for $1,000 at 9% for the first year, $1,000 at 9% for the second year, etc. So, by the time the debt is payable and is paid by the judgment debtor, it could potentially be $1,800 to $2,000. So, we found that most judgment debtors are simply interested in getting some form of settlement, less than the total balance due, and will often times jump through hoops to be able to accept those funds and release their position completely whereby Fixmyreport com can obtain the proper paperwork and get that judgment permanently deleted from the credit file. Thereby saving you thousands of dollars in time, thousands of dollars in savings potentially and increasing your credit score oftentimes between 30-70 points on one individual item.
Different state laws and different state regulations come into play here. Being in California, foreclosure deletion or removal is a 4-step process as I indicated earlier in this Frequently Asked Questions report. It’s a 4-step process with the very first step being what’s known as obtaining a Notice of Rescission. Contact Fixmyreport.com to obtain what a Notice of Rescission looks like so if you decide to take on the removal of a foreclosure yourself, you will know where to begin. Fixmyreport.com will gladly coach and train you to take this issue on for yourself if you choose. Foreclosure removal can often times take somewhere between 3-6 months and often times the entire trade line item that is the loan that you originally obtained for $100, $1000, $1,000,000, $2,000,000 will be deleted permanently from the credit report. So, it’s a very valuable service to be able to perform for people.
In the last several thousand cases that Fixmyreport.com has been involved in, we have determined that a foreclosure on average will drop a credit score between 150 to 175 points in approximately 90 to 120 days. Keeping this in mind is important if you are going to reaffirm or reestablish credit in the next several years. Try to avoid a foreclosure at all costs and even avoid a short sale if possible. Contact Fixmyreport.com for added coaching on what to do with your real estate or property if you need to liquidate it quickly.
Fixmyreport.com throughout the years has been mostly focused on making a difference versus acquiring testimonials and storing and saving information from people. What we can show you are written testimonials from people on how grateful they are for being able to have found Fixmyreport.com and for being able to have a smart loan officer to recognize what Fixmyreport.com provides. Fixmyreport.com will gladly provide letters of testimonial, audio interviews, and is in the process of putting together videos, from happy, completely outrageous satisfied customers!
