What factors impact a credit score?

Credit scores count every consumer-initiated credit application. Therefore, excessive applications for credit can adversely affect a score. However, it is becoming more common for risk score models to recognize when a consumer is shopping for the best rates and either ignore inquiries for a specific purpose within a period of time, or count multiple inquiries for a specific purpose as only one. This is most common in mortgage and auto lending. In such cases, shopping around will have little or no impact on a risk score.

Can I cancel this service at any time?

Yes. Fix Credits.com allows you to cancel the service without penalty or further obligation at any time.

Do inquiries affect a credit score?

Careful study has shown that inquiries are an indicator of credit risk. Recent inquiries indicate a person may have outstanding accounts that are not yet part of the credit report. The more inquiries that appear on a borrower's credit file, the more likely a borrower may not be able to pay his or her bills as agreed. However, inquiries have a relatively small impact on your credit score. In a credit scoring model, there are other, stronger indicators of future payment performance, such as past payment history and use of credit. These indicators can offset an inquiry. Inquiries are rarely, if ever, the only reason for poor credit scores or being declined. They only become significant if there are other issues, such as late payments or very high debt as compared to income you include on your credit application.

Do lenders and creditors pull all three reports?

Not necessarily. Most mortgage lenders pull credit reports from all three credit reporting agencies, while other lenders will use just one agency's report and one credit score.

Does co-signing for a loan affect a credit score?

Absolutely. By cosigning, you are accepting full responsibility for the debt if the other person does not pay as agreed. A cosigned account will appear on both your credit history and the other person's. All loans and credit card accounts that appear on your credit report will impact credit scores.

Does having too many credit cards hurt my score?

Having too many credit cards with either high balances or large amounts of credit available can negatively impact risk scores depending on the overall credit history.

Does my spouse's credit impact my credit score?

If you hold a joint credit account, have co-signed a loan or have authorized use of another person's credit, these items could affect a score if they appear on your credit report. It's important that joint account holders or authorized users understand that their credit behavior does affect the other joint account holder or main account holder. A credit account held solely in the name of your spouse, child or any other family member cannot impact your credit score. However, in community property states, all debt acquired during a marriage is considered a joint debt, regardless if the account is joint or in the name of an individual spouse.

Have Fix Credits.com corrected bankruptcies?

Fix Credits.com has successfully challenged bankruptcies from credit reports, as well as items included in bankruptcy. However, because each case is different our past success cannot and does not guarantee a successful deletion of your bankruptcy.

How long does information stay on credit reports?

Generally speaking, information can remain on your credit report for seven years from the date of last activity. Some exceptions apply: bankruptcies may be reported for 10 years; criminal convictions can be reported without a time limitation; information reported for a job application with a salary exceeding $75,000 has no time limit, nor does information on an application for more than $150,000 worth of credit or life insurance; and information about a lawsuit or unpaid judgment can be reported for seven years or until the statute of limitations expires, whichever is longer.

How long does it take until I see results?

The requirements of the Fair Credit Reporting Act and the normal response time from the bureaus may cause each of our credit cycles to be approximately 45 to 60 days. Most of our members see results within the first two cycles and continue seeing results as their reports continue cycling through the system.

How many Credit Bureaus you submit to?

We will submit your disputes to all three main Credit Bureaus, Equifax, Experian and Transunion. Additionally, we will submit them to creditors as appropriate.

How often are credit reports updated?

Equifax, Experian, and TransUnion officially update credit reports four times a year. However, most banks and other financial institutions report account status to the consumer reporting agencies on a monthly basis, so your credit report is, in practice, updated every month.

Is my personal information safe?

Yes. Your privacy and the security of your information are among our highest priorities. We use advanced technology to protect the privacy of your information.

Is this service Legal?

You have a legal right to an accurate credit report! Fix Credits.com does not do anything you could not do for yourself. The difference is, we have years of experience, the people and the technology to do it better and faster. We strictly follow the Fair Credit Reporting Act (FCRA), as well as similar state laws.

Should I apply for credit again at a company removed from my report?

No! Trust me you can find more companys that wil be happy to have your business.

The cost of bad credit!

Studies have shown that if you have bad credit and are making payments on a car, you probably are paying $5,500 - $9,500 more in interest. You may have rates of 14% to 28%. And if you have a home mortgage, you could be paying $65,000 - $175,000 extra in interest! TAKE BACK CONTROL OF YOUR CREDIT!

What are the advantages of using Fix Credits.com?

You don't pay if we don't perform. No one knowa the law better than an experienced firm. We are bound by the rules and principles of professional conduct. We command a thorough understanding of relevant legal statutes, and we can legally enforce your rights under applicable federal and state laws. Additionally, when you retain Fix Credits.com you complete a legal retainer agreement which affords you all the assurances of client privilege to ensure the confidentiality of your case. *Terms and conditions apply 

What do credit bureaus do?

Credit bureaus gather information about you and your credit history on an ongoing basis. This information may include payment habits, number of credit accounts, balance of accounts, and length and place of employment. Lenders, such as credit card companies and banks, provide this information to the bureaus in return for the ability to request credit information about you. Each of the credit bureaus collects information differently and uses its own proprietary method to determine your credit rating. Your credit rating measures your credit worthiness—the ability to pay back a loan—and affects the interest rate applied to your loans.

What if I already have good credit?

Even if you have good credit, inaccurate information that's not yours could show up at any time. As a matter of fact, recent research by Consumer Reports showed that more than half the reports studied had errors in them severe enough to keep the person from getting a loan. A study by the United States Public Interest Research Group found 70% of reports had errors. Fix Credits.com does the work for you to maintain your credit reports to save you time and help make sure your report is accurate and ready to go when you want a loan or credit.

What information apprears on my credit report?

All credit reports contain essentially the same four categories of information: identifying information including your name, past and present addresses, Social Security number, date of birth, and employment information; trade lines on your credit accounts including types of accounts (bankcard, auto loan, mortgage, etc.), dates accounts were opened, credit limits or loan amounts, account balances and your payment history; inquiries, both voluntary and involuntary, for loans listing everyone who has accessed your credit report within the last two years; public record and collection items from state and country courts which includes bankruptcies, foreclosures, suits, wage attachments, liens, judgments, as well as information on overdue debt from collection agencies.

What is a Beacon score?

Beacon score is the name Equifax gives to the FICO score it calculates using the credit scoring models developed by Fair Isaac Corporation.

What is a credit score?

A credit score is a numerical index which represents an estimate of an individual's financial creditworthiness. It is based on a subset of the information in an individual's credit report. Because there are many different credit scores, the model used to calculate the score you obtain, and the score itself, may be different than the one the lender uses in making its decision.

What is an Empirica score?

Empirica score is the name TransUnion gives to the FICO score it calculates using the credit scoring models developed by Fair Isaac Corporation.

What is credit repair?

Credit repair is a general term that refers to the practice of a consumer challenging inaccurate, misleading, or unverifiable information on the consumer's credit report to improve one's inaccurate credit standing

What is the range of a credit score?

Credit scores vary in range by consumer reporting agency. However, in all cases a higher score indicates lower credit risk. Ranges for the three major consumer reporting agencies are Equifax 300-850; Experian 340-820; TransUnion 400-925. FICO scores range from 300 - 850

What types of items can be correcter?

Fix Credits.com has successfully corrected a wide array of inaccurate items including late pay, collection, charge off, bankruptcy, item in bankruptcy, judgment, closed by grantor, reposession, foreclosure, garnishment, and liens.

Where do I mail my credit reports to?

You can mail your credit reports along with any correspondence you receive from the credit bureaus to: Fix Credits.com P O Box 23753 San Diego, CA 92111

Who uses credit scores?

Banks, credit card companies, auto dealers, retail stores and lenders all use credit scores to determine credit limits and interest rates. In recent years, employers and landlords have also begun to rely increasingly on credit reports and credit scores to evaluate prospective job candidates and tenants.

Why is my credit report and score different among the 3 bureaus?

When creditors report information to the credit bureaus, they can choose which bureau(s) they want to report to. Some report to only 1, whereas many report to all 3. When a creditor chooses only to report to 1 or 2 of the bureaus, the remaining bureau(s) will not have access to, and therefore will not include, that account information in your report. Similarly, the credit bureaus do not share information and may report information that is inconsistent with the other bureaus.