Question 1

What is credit repair?

Accepted Answer

Credit repair is the process of addressing any questionable negative items that could be hurting your credit profile. If the bureaus and your creditors can’t prove these items are fair, accurate and substantiated, they are required by law to remove them. Learn more on credit repair.

Question 2

Can credit be deleted or corrected?

Accepted Answer

You have a right to an accurate, fair and substantiated credit report. If something on your credit is inaccurate or unfair, you can correct/repair it with the credit bureaus and your creditors.

Question 3

Can my credit be repaired?

Accepted Answer

While we can’t guarantee your credit will be repaired, we can promise to help you work to address any unfair or inaccurate negative items hurting your credit profile.

Question 4

How long does credit repair take?

Accepted Answer

Unfortunately, there’s no way to predict in advance how long it will take to repair your credit, as every credit report is unique. That being said, last year alone, our clients saw millions of negative items removed from their reports, and typically stayed with us for six months. Learn more on the credit repair timeline.
 
Also, Credit Renewed offers a variety of service levels, and the strength and amount of credit repair increases with each upgrade. If you’re interested in a product with more credit repair baked in, give us a call at 1-404-449-6716.

Question 5

How much does credit repair cost?

Accepted Answer

Credit Renewed offers a variety of service levels to match your unique needs. Some of these services we offer for free. Learn more on our credit repair service levels.

Question 6

Can I repair my credit on my own?

Accepted Answer

Absolutely. You can contact the credit bureaus and your creditors to get any questionable negative items removed your credit reports. However, this process is time consuming and confusing. Working with a reputable credit repair law firm like Lexington Law can help you remove these items from your reports quickly and efficiently. Call us at 1-404-449-6716 to get started.

Question 7

Is it worth paying for credit repair?

Accepted Answer

Think of credit repair like an investment. A little effort today could lead to thousands of dollars in savings tomorrow. We offer a variety of service levels to support every budget. Give us a call today and we’ll help you find the right service for your unique circumstance. Learn more on our credit repair services.

Question 8

What are removals?

Accepted Answer

The credit bureaus and your creditors are required by law to remove any negative items on your report that they can’t prove are accurate, fair and substantiated. When these items are deleted from your payment history, we call that a removal.

Question 9

What sort of items can be removed from my credit report?

Accepted Answer

Any negative item that is inaccurate, unfair or unverified can be challenged with the bureaus and your creditors. This includes collections, late payments, charge offs, liens, bankruptcies, repossessions and more.

Question 10

What is a negative item?

Accepted Answer

Negative items on your credit refers to anything in your credit history that could lower your score. It includes things like collections, lay payments, charge offs, liens, bankruptcies, repossessions and more. Especially if these negative items came as a result of identity theft, divorce, medical debt, student debt or military leave, you may be able to remove them through credit repair.

Question 11

Do negative items remain on my credit forever?

Accepted Answer

No. Most negative items will fall off of your report after seven years, though some deletions may take as long as ten. The truth is that the credit grantor or the credit bureau can choose to delete the negative credit listing at any time, especially when you give them a reason to do so. If you’d rather not wait that long, credit repair is great alternative.

Question 12

How much does a negative item affect my score?

Accepted Answer

According to CreditCards.com and CNNMoney, even a single negative item on your credit could cost you over 100 points.
 
Negative ItemCredit Score Decrease
Late Paymentup to 110 points
Debt Settlementup to 125 points
Foreclosureup to 160 points
Bankruptcyup to 240 points
Collectionup to 110 points
Hard Inquiryup to 15 points
 
Sources:
- https://blog.equifax.com/credit/can-one-late-payment-affect-my-credit-score/
- https://money.cnn.com/2010/04/22/real_estate/foreclosure_credit_score/
- https://www.creditcards.com/credit-card-news/fico-credit-score-points-mistakes-1270.php

Question 13

Can divorce affect my credit score?

Accepted Answer

While filing for divorce will not affect your score, some of the symptoms of divorce may lead to problems for your credit. For example, many people miss a payment on their credit during the frenzy of divorce. Or in the aftermath, it may be unclear who is responsible to pay a debt, and payments may be missed. These missed or late payments could adversely impact your credit score.

Question 14

Can identity theft affect my credit score?

Accepted Answer

Yes. When someone takes out debt in your name, it increases your debt utilization ratio and will likely lead to missed payments and possibly collections appearing on your credit. Even after you’ve recovered your identity, these issues could still be lurking on your credit report.

Question 15

Can student loans affect my credit score?

Accepted Answer

Yes, in both negative and positive ways. Paying your student loan back on time will only benefit your score. Alternatively, missing these payments can cause some significant damage to your credit profile.

Question 16

When should I repair my credit?

Accepted Answer

Considering that our average client uses our services for six months, the sooner the better. Especially if you plan on purchasing a home or car within the next year, getting started today can save you a big headache tomorrow.

Question 17

Should I pay off collections on my credit report?

Accepted Answer

Yes. Even if a questionable negative item is removed from your credit report, the actual debt behind the account remains the same. You still owe the same money you validly owed in the first place. If you don’t pay the debt, the creditor or collection agency may re-report the listing. Removing a negative item without addressing the debt is only a temporary solution. In fact, if you feel a negative credit listing is 100% accurate, timely and verifiable, we recommend you do not dispute it.

Question 18

Should I pay off collections on my credit report?

Accepted Answer

Unless the collection is being falsely attributed to you, pay it. The collection is likely already hurting your credit score, and leaving it unpaid will only make the damage worse.
 
If the debt is one that you do not owe, our service levels offer debt validation procedures that can help you get the collection removed from your credit profile.

Question 19

Does paying my bills restore my credit?

Accepted Answer

You might think so, but unfortunately it does not. When you pay an old debt, the negative credit item doesn’t disappear, but is typically listed as a paid delinquency, charge off or collection. If your goal is to repair your credit, just paying off your debts won’t get you there. Repairing bad credit is a significant challenge for most consumers and we're here to help. Credit Renewed has developed a four step method for credit repair that has proven to be effective for hundreds of thousands of clients. Just give us a call at 1-404-449-6716 to get started.

Frequently Asked Credit Questions

CREDIT

What is a good credit score?

What is a bad credit score?

How do I cancel my Credit Renewed service?

How many credit scores are there?

When should I stop using credit repair services?

What is the range for credit scores?

How many credit bureaus are there?

What is a credit bureau?

What is a creditor?

How can I find out what my credit score is?

Is my credit report the same thing as my credit score?

What affects my credit score?

What’s on my credit report?

Do employers look at my credit score? Could it cost me a job?

What is a good average age of credit?

What score do I need to get a house?

What score do I need to get a car?

What score do I need to get a personal loan?

Does medical debt impact my credit score?

Who looks at my credit report?

How can I improve my credit?

What is a FICO® Score?

How do I get my free credit score?

CREDIT REPAIR

What is credit repair?

Can credit be deleted or corrected?

Can my credit be repaired?

How long does credit repair take?

How much does credit repair cost?

Can I repair my credit on my own?

Is it worth paying for credit repair?

What are removals?

What sort of items can be removed from my credit report?

What is a negative item?

Do negative items remain on my credit forever?

How much does a negative item affect my score?

Can divorce affect my credit score?

Can identity theft affect my credit score?

Can student loans affect my credit score?

When should I repair my credit?

Should I pay off collections on my credit report?

Should I pay off collections on my credit report?

Does paying my bills restore my credit?

OUR SERVICE

Is there a service guarantee with Credit Renewed?

How much does your service cost?

What are the accepted payment methods?

Is Credit Renewed legitimate?

How do I view my account and credit repair progress?

Does Credit Renewed offer a military discount?

Does Credit Renewed offer a family or household discount?

Is credit repair a scam?

Can I pay more for better results?

Does your service really work?

How long have you been in business?

What happens if I don’t pay?