[vc_row][vc_column][vc_tta_accordion c_align=”center” active_section=”1″][vc_tta_section title=”Is credit repair service legal?” tab_id=”1594188027499-3f697790-6173″][vc_column_text text_larger=”no”]The credit repair service refers to a process of fixing deteriorated credit ratings. It’s a legal service provided under the Credit Repair Organizations Act (CROA) that allows a third-party (called a credit repair company) to help clients improve their score by providing financial education and assisting in removing inaccurate information and errors from their report.
According to a study conducted by the Federal Trade Commission, 1 in 5 credit reports contain at least an error, resulting in a lower credit score, restricting a person’s ability to secure financing and making the lending more expensive. Credit repair service providers take measures to remove inaccurate and outdated information to improve the credit score.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Can a credit repair service remove all the negative items from my report?” tab_id=”1594188027522-50a1918f-6492″][vc_column_text text_larger=”no”]No. The Fair Credit Reporting Act states that every individual has a right to an accurate credit report. Therefore, it allows people to dispute errors, which can be done via an online application to remove the report’s inaccuracies. However, the legitimate negative items remain on your credit report until the credit reporting time limit.
Therefore, any company that claims that they’ll remove all negative items from your credit report is making a false statement and in violation of the CROA rules.[/vc_column_text][/vc_tta_section][vc_tta_section title=”How will improving the credit score help me?” tab_id=”1594188074172-92dc425e-f351″][vc_column_text text_larger=”no”]A credit score allows lenders to determine your creditworthiness, i.e., your ability to repay the loan amount. A good credit score will allow you access to the mortgage, auto loans, credit cards, and other types of loans without any hassle. Moreover, you’re more likely to qualify for the lowest interest rates, which can save you thousands of dollars in the long run.
In addition to that, you’ll also enjoy the best rates on homeowner’s insurance, have an easier time renting a home, and get a cellular network contract without putting a security deposit. A positive credit score shows that you’re a trustworthy borrower, so you get approved for higher limits, improving your borrowing power.[/vc_column_text][/vc_tta_section][vc_tta_section title=”What is credit education? Why do I need it?” tab_id=”1594188093689-1b65d85b-7ebf”][vc_column_text text_larger=”no”]Credit educations involve understanding the basics of credit scores and making smart financial decisions to improve credit score. Maintaining a good credit score is a life-long process. Not checking the reports regularly and making poor credit mistakes can result in a dip in your score and cost you money.
Therefore, understanding factors that influence your credit rating can be highly valuable for you and help make your financial life much easier.[/vc_column_text][/vc_tta_section][vc_tta_section title=”How long will it take for my score to improve?” tab_id=”1594188117161-16feccdc-4c55″][vc_column_text text_larger=”no”]Every credit repair process comes with a different timeline, but our clients see an improvement in their credit score within the first month. It usually takes three to six months to see a notable increase, like from 660 to 750, which can be a difference between a fair credit score and a very good credit score.
The accuracy of your credit report also plays an important role in determining the timeline. In some instances, the credit reports have marginal to no errors. In that case, the credit repair process takes more time. However, in most instances, there are negative items present in the report dragging down the score.[/vc_column_text][/vc_tta_section][vc_tta_section title=”How can you help improve my credit score?” tab_id=”1594188134648-5a2cad0e-2311″][vc_column_text text_larger=”no”]At EG Financial Solutions, we have a team of credit repair specialists with years of industry experience and expertise to carefully assess the report and remove inaccurate negative items to improve the client’s score. We also provide comprehensive credit education to improve our clients’ financial habits and get rid of their loans.
With our reliable assistance and services, our clients have successfully improved their credit score. We have helped clients with bankruptcies, credit card debts, inquires, late payments, tax liens, and numerous other cases. We ask our clients never to evaluate our services on our winners, but on our losers, because we have none.[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row]