Credit Repair Service
What is Credit Repair, and Can It Help With My Credit Score?
Credit repair refers to the process of restoring poor credit standing that may have declined for several reasons. Repairing credit can be as straightforward as disputing inaccurate information with your credit agency. But it can also be complex, especially when facing negative items like identity theft or bankruptcy.
Credit repair has always been crucial as most loan providers have long relied on credit scores to see if they’re creditworthy enough to qualify for a loan. However, improving your credit score is not an easy task. Fixing credit standing includes disputing false information with each credit reporting agency, which can take time. That’s why you must know and understand everything needed for the process to fix your credit.
Although repairing credit won’t fix your credit score right away, it’s an excellent way to build up your score over time.
When Should I Consider Getting Credit Repair?
If you're facing the following issues, getting a fast credit fix via credit repair is ideal:
- Your Credit Card Application Was Denied
If you've recently tried applying for a credit card and have been denied, it's
time to apply for credit repair. Credit card companies are legally required to
send clients an adverse action notice, letting them know why they've been
declined.
- Debt Collectors Are Contacting You Frequently
When your debt collectors begin to become more adamant, it's time to get
credit repair. You wouldn't want to incur a collection account, which can
negatively affect your credit score more.
- Your Credit Score is Low
Nowadays, a credit score below 740 points is deemed as sub-prime.
Meanwhile, if you have a credit score way below that, for example, 650
points, you need credit repair.
- Your Interest Rates Continually Increase
Credit card companies or issuers usually raise interest rates when you have
low credit scores or have many negative items on your report. When you're
late on payments to different creditors or have incurred new collection
accounts on your credit report, expect an increase interest rate. Repairing
your credit makes sure you get the best deals and rates on your credit cards
or loans.
What Can I Expect From Credit Repair?
When availing for credit repair, expect most companies to help by cleaning up a consumer’s credit report by removing inaccuracies or negative items. When you get into an agreement with a credit repair company, the first thing they’ll do is obtain an up-to-date copy of your credit report from major credit reporting agencies.
The company will then look for any negative entries on your credit reports and begin disputing and negotiating the process. They usually look for common negative items such as bankruptcies, charge-offs, or tax liens.
When the company sees your report having any of these items, they’ll develop a plan to dispute inaccurate information and negotiate with the credit bureaus to remove them. Once these are removed, most consumers can now see their credit score improve.
Does Credit Repair Really Work?
Though the number of points restored to a client’s credit score varies, credit repair works most of the time. It can work to remove specific negative items from your reports. However, keep in mind that it won’t work for all types of items – and it doesn’t magically boost your credit score.
Why Is Credit Repair Important?
Credit repair is vital for anyone with a credit account as it helps you improve and maintain your credit score. Mortgage, personal, or auto lenders have always relied on this score to see if you’re creditworthy to qualify for a plan or loan. Many lenders also use the score as a reference to decide how much interest you will need to pay on your selected loans.
However, credit repair has become more crucial today as other companies and agencies now also rely on credit scores when making financial judgments. An increasing number of modern employers usually look into the credit information of job seekers when hiring. Applicants with low credit scores may appear less appealing than those with decent standings.
Also, insurance firms check credit scores when determining policy premiums with a client. Overall, having a solid credit score is significant to ensuring financial security today.
Should I Fix My Credit With Credit Repair?
Consider getting credit repair when you notice that your current credit score prevents you from qualifying for better loans and credit products, such as mortgages or auto loans. Also, if you’re paying high-interest rates, a fast credit fix can go a long way.
Repairing your credit score can be challenging to tackle alone, especially if you have a damaged credit history. Fortunately, many companies can help. And among the best is The Oasis Firm.
How Can We Help?
We know that you don’t have the time to do all these things, and that is why we are here to help and we aim to make things lighter on your end.
So, what can we do for you?
We do almost everything for you to fix your credit report and build it up over time. We carefully analyze your credit report, write dispute letters and send them to the credit bureaus. However, to make the process of restoring credit score work, we need your participation. All you need to do is give us all the necessary information and documents we need from you and send us the response from any credit bureaus once you receive them.
Once you have signed up for our program, we will keep in touch with you and regularly update you about the progress of your credit score. We do this by sending emails and text notifications, keeping you up-to-date. However, you can also contact us anytime you have any concerns or queries regarding your credit.
We have our lines always open for you! We work with other professionals such as realtors, mortgage brokers, and bankers to help you meet your financial goals.