Faqs
How do you restore Credit?
A study released by the U.S. Public Interest Research Group in June 2004 found that 79% of the consumer credit reports surveyed contained some kind of error or mistake. Under the Fair Credit Reporting Act, consumers have the right to gain access to their credit report and to dispute any information on the report that is inaccurate, misleading, obsolete and unverifiable. You indicate to us which items you wish to dispute on your credit report, and how you want us to dispute them. Once we’ve received your credit reports, we will prepare the appropriate intervention or dispute letters. The dispute letters are designed to communicate your dispute in such a way that the credit bureaus will accept the dispute and conduct an investigation. Our ability to delete questionable, negative items is dependent on having up-to-date credit reports. Without copies of your current credit reports we can do very little to improve your credit. Sometimes clients forget to send an updated credit report. Other times the credit bureaus fail to send updated reports to the client. In either case, the process slows until we receive updated credit reports. It is therefore crucial that you send updated reports to Debt Busters 911 as soon as you receive them from the bureaus. This assures that Debt Busters 911 will keep your case moving forward.
At the conclusion of the credit bureau’s investigation, a new copy of the credit report should be sent to your home along with any deletions or improvements. You will then send copies of them to us. So, when we accomplish deletions and improvements, you will see them first on your credit report. Additionally, you are always welcome to call or email your Debt Busters 911 representative and request an update of the progress of your case. If you are still not satisfied that the questionable, negative credit has been accurately resolved, the cycle will begin again. You do have the right, under federal law, to conduct your own credit repair process if you so choose. While this may sound easy, any person who has attempted to dispute items on his own credit report may tell you otherwise. According to federal law, the credit bureaus can ignore your dispute under a variety of conditions. You have the legal right to work out your credit disputes with the credit agencies and credit grantors yourself. It is much like your right as a citizen to represent yourself in court. Many people, however, choose to ask Debt Busters 911 to represent them because of the depth of experience Debt Busters 911 demonstrates. Another factor to consider is the amount of time and follow-up required to coordinate disputes with all credit reporting agencies and the creditors appearing on your credit report.
Do I need to pay my bills? Does paying my bills restore bad credit?
If there are delinquent accounts appearing on your credit reports that have not been paid off, the actual debt behind the listing remains the same even if the account is deleted from your credit report. You may still owe the same money that you owed in the first place. If you don’t pay the debt, the creditor or a collection agency may re-report the item. So removing the listing without addressing the debt is only a temporary solution. DebBusters911 will only dispute credit listings that you indicate are inaccurate, unverifiable or misleading. If you feel that a negative credit listing is 100% accurate, and verifiable, then you shouldn’t dispute it. When you pay an old debt, the negative credit listing doesn’t disappear. Once paid, it may appear on your credit report as a paid delinquency, charge off or collection (whatever the case may be.) That is, you won’t get very far paying your debts unless you also work to restore your credit at the same time.
Do I need to see my Credit Report?
Most don’t even know what questionable negative listings are likely appearing on their credit report until they look. One tricky thing about bad credit is that almost any small amount of bad credit will trigger credit denial. ANY amount of bad credit, no matter how many items, it will affect your financial security greatly. Even if there are a couple of negative items on your credit report, it still makes sense to retain DebtBusters911 to expedite the removal process. In any case, if your credit comes back all positive or you decide all items are accurate and verifiable, we generally refund any fees.
Why do I need to send my credit reports to you?
That’s the only way that we can see what is updated on your credit bureau report. Otherwise we can’t tell what’s transpired with your report. You must send in your credit bureau reports if you want us to help you.
How long does it take to restore my credit?
The progress of your case will depend on your timely participation (sending in credit reports on a timely basis), the nature of your case, and the level of credit bureau cooperation. It is difficult to suggest a standard time frame for credit improvement, Debt Busters 911 will work with your case on a monthly review basis. However, generally most cases will take roughly six to nine months.
How often should I expect to get mail from the credit bureaus? You should expect to get an updated credit report about every three to five weeks.
What should I do with the credit reports mailed to me by the credit bureaus?
Make copies, then send it to us via mail.
What if some of the credit collectors call me?
Ask them for their name, address, city, state, zip code, phone number, the account number they are collecting for and the original creditor. Then you send this information to your DebtBusters911 credit advisor. We will then handle it with a letter on your behalf.
What can you take off of my credit bureaus report?
We can dispute any inaccurate, misleading, unverifiable and obsolete accounts like inquiries, addresses, names, unpaid collections, charge-offs, repossessions, medical bills, divorce debt, Federal tax liens, State tax liens and all bankruptcies.
What if deleted items appear on my credit report again?
The Fair Credit Reporting Act requires that the credit bureau inform you before the re-report a previously deleted listing. The FCRA also makes it more difficult for credit bureaus to re-report listings. Because of these factors, it is a rare occasion for listings to come back on once they’ve been deleted. If a negative or questionable credit item is re-reported, the listing will be disputed again with emphasis on permanent deletion.
Can I repair my credit myself?
Yes, you have the right to work out your credit disputes with the credit agencies and credit grantors yourself. Given some experience and study, you could do some of what our staff does. It is much like your right as a citizen to represent yourself in court. Another factor to consider is the amount of time and follow-up required to coordinate disputes with all three credit reporting agencies and the creditors appearing on your credit report.
DebtBusters911 has the experience to represent you and we take pride in our success rate. DebtBusters911 has systematized the disputation of credit through our trained staff of credit advisors all using state of the art technology.
