9380 SW 72nd Street, Suite B207, Miami, FL 33173
1-305-275-1220 info@creditrepairsystems.net
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FAQs

Q?How does Credit Repair Work?
A.

There are State and Federal Laws that not only protect you, the consumer, but also regulate the Credit Bureaus and the creditors that report to those Credit Bureaus. We will use our vast experience and expert knowledge to be your advocate in exercising your rights and in helping you correct your reports. We assist you on disputing erroneous, incorrect, outdated, unverifiable information as the law allows you to do.

Q?What is expected of me as a client?
A.

All reports and all investigation results are received by the client. The client is expected to forward all reports, results and any relevant information pertaining to the investigations to Credit Repair Systems, Inc. (CRS).

Q?When can I start seeing positive results?
A.

Most of our clients will begin seeing positive results within 45 days after we receive the Credit Reports. Obviously, every situation is completely different. How long it will take for any one particular person to see results depends on many factors such as the nature of their case, the number of negative items on the reports, the client’s participation in getting credit reports to us and the level of credit bureau cooperation.

Q?How long does it take to finish fixing my Credit Report?
A.

This also depends on the nature of their case, the number of negative items on the reports, the client’s participation in getting credit reports to us and the level of credit bureau cooperation; but on average, most of our clients have obtained the desired results by the 10th month. Sometimes it takes longer and sometimes it can take less time.

Q?How much does it cost for me to apply?
A.

Our 10 Month program consists of $199.00 Enrollment Fee and $55.00 Monthly Fee for 10 months

Q?Do you charge in advance?
A.

No.  In accordance with Federal Regulations, no Credit Repair company can charge in advance.  Credit Repair Systems, Inc. charges for services that have already been performed.

Q?What does the Enrollment Fee Cover?
A.

The $199.00 Enrollment Fee covers ordering of your reports, processing and data input of the client application, verification and payment set-up and credit report evaluation and counseling.

Q?What does the Monthly Fee cover?
A.

The $55.00 Monthly Fee covers, analyzing and performing general audit of client’s credit report on a monthly basis.  Identifying potentially negative, inaccurate, outdated, misleading and unverifiable information and processing of the dispute to all three Credit Bureaus on behalf of the client.

Q?What is the total cost of your 10 month program?
A.

The total cost of the 10 month program is $749.00.  This includes the onetime $199.00 Enrollment Fee and $55.00 a month per 10 months.

Q?What types of payments do you accept?
A.

For your convenience we accept payment via E-Check, money orders, PayPal and Cash accepted in person in our offices.

Q?Are there any guarantees?
A.

Since the Credit Bureaus and/or creditors are actually the ones doing the “deleting”, although, as a result of our investigations, we cannot, according to Federal Law, legally guarantee what somebody else is supposed to do.  Therefore we cannot guarantee the specific result of a specific account.

Q?Are there any limits on what I can dispute or how many times something can be disputed on my reports?
A.

There is no limit to what kind of items we dispute and delete or on how many items we dispute and delete.

Q?Can bad or incorrect credit information on my report really be deleted?
A.

Yes, bad credit marks can definitely be deleted, primarily if they are inaccurate, misleading, obsolete or unverifiable.

Any information on a Credit Report, whether considered bad or good or whether it belongs to you or not, is subject to certain rules and laws.  There are many laws written to protect the consumer so anything that violates any of these laws can be used to cause removal of the accounts.

Please note that Credit Repair Systems is legally prohibited from making specific promises and can therefore not guarantee you a specific result on a specific account or item.

Q?What Laws protect me “the consumer” on credit issues?
A.

The Fair Credit Reporting Act (FCRA) – The Fair Credit Reporting Act was enacted in 1970 by Congress to protect the consumer.

Q?What are my rights as a consumer under the Fair Credit Reporting Act (FCRA)?
A.

As a summary these are few of the right you have under the FCRA:

You must be told if information in your file has been used against you.

You have the right to know what is in your file.

You have the right to ask for a credit score.

You have the right to dispute incomplete or inaccurate information.

Consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information.

Consumer reporting agencies may not report outdated negative information.

Access to your file is limited.

You must give your consent for reports to be provided to employers.

You may limit “prescreened” offers of credit and insurance you get based on information in your credit report.

You may seek damages from violators.

Identity theft victims and active duty military personnel have additional rights.

States may enforce the FCRA, and many states have their own consumer reporting laws.  In some cases, you may have more rights under state law.  For more information, contact your state or local consumer protection agency or your state Attorney General.

For more complete information see www.consumerfinance.gov/learnmore or write to:

Consumer Financial Protection Bureau

1700 G Street N.W.
Washington, D.C. 205552

Q?What are the names addresses and telephone numbers of the three Credit Bureaus?
A.

Equifax                                               Experian                                 Transunion

PO Box 740256                                PO Box 4500                          P.O. Box 2000

Atlanta, GA 30348                           Allen, TX 75013                     Chester, PA 19022-2000

1-866-349-5186                               1-888-397-3742                     1-800-916-8800

Q?What United States Agency regulates the Credit Bureaus?
A.

The Federal Trade Commission (FTC)

Q?Is fixing my Credit Report legal?
A.

Absolutely!  It is because it is legal that we are able to do what we do.  We use the laws that protect you, the consumer, and that regulates the Credit Bureaus and the companies that furnish information to them to accomplish our work.  You are given certain rights under the FCRA and we offer our experience and expertise and services to help you assert these rights.

Q?How do I send my reports to Credit Repair Systems?
A.

You can email the reports to:                        service@creditrepairsystems.net

You can fax the reports to:                            305-275-1282

You can mail the reports to:

Credit Repair Systems

9380 SW 72nd Street

Suite B207

Miami, FL 33173

Or you can drop them off at the same address above.

Q?How long do negative items stay on my credit report?
A.

Credit and other reported accounts

Accounts paid as agreed can remain for up to 10 years from the date first reported.

Accounts not paid as agreed such as delinquent Charge-offs, accounts placed for collections with Collection Agencies remains for up to 7 years from the date of the first delinquency.

Public records can remain for up to 7 years from the date filed except:

Bankruptcies Chapter 7, 10, 11 and 13 (dismissed or no disposition rendered) remain for up to 10 years from the date filed

Unpaid tax liens remain for up to 10 years from the date filed.

Paid Tax Liens remain for up to 7 years from the date released or up to 10 years of the date filed, whichever is earlier.

Inquiries can remain for up to 2 Years

Q?What is a Credit Score?
A.

A Credit Score is a numerical summary of your creditworthiness based on information from credit bureaus.  You may request a credit score from consumer reporting agencies that create scores or distribute scores used in residential real property loans, but you will have to pay for it.

Q?Do you tell me what my Credit Scores are?
A.

No, because the reports do not include the scores.  Although scores are available from all three reporting agencies at a cost.

Q?Do I have to pay for my credit score?
A.

Yes.  The credit reporting agencies charge a fee for giving you your score.

Q?How much bad credit does it take to be denied credit?
A.

It can take as little as one late payment.  That means one negative item on your reports.

Q?Will removing erroneous, incorrect, outdated, unverifiable information from my reports raise my credit score?
A.

Yes, however, current credit utilization will also impact your credit score.  No credit can mean bad credit.

Q?Can deleted items reappear?
A.

The Credit Bureaus make many mistakes due to the large volume of data that they process daily.  The law says that the credit bureau maintain reasonable procedures to ensure that negative information once removed from a consumers credit file is not reinserted, unless 1) the original source certifies that the information is accurate as being reported and  2) the credit bureaus notifies the consumer in writing within 5 days of the re-insertion.

Q?Can I fix my own credit?
A.

Yes you can.  Based on our experience and our clients’ experiences, most people give up shortly after starting.  They become discouraged by not getting any results due to the dispute process being time consuming and tedious.

Q?Should I continue paying my bills after I start your program?
A.

Yes, we would never advice anyone against not paying their bills.  Timely payments make up most of your score.

Q?If I continue paying my bills will that raise my Credit Scores?
A.

Yes, although other factors also are taken into account when determining your score, timely payments make approximately 35% of your score.

Q?How many items do you investigate at a time?
A.

It all depends on your credit file and your particular situation after we analyze your reports.

Q?Who has access to my credit reports?
A.

Anyone you give permission to can access your report including but not limited to prospective employers, lenders, property managers, insurance companies, companies which you presently have a credit relationship with and any anybody with a permissible purpose who wants to know who you are.

Q?What kind of information can be found on my credit reports?
A.

Credit Reports contain a listing of some or all of your credit accounts that have been active at some time.  They also contain any public records, current and previous addresses, current and previous names, Social Security numbers, dates of birth, current and previous employers, spouses names, telephone numbers, a listing of potential creditors who have received your credit file and other miscellaneous information that credit bureaus have about you.  Each account listing generally has your account number, your credit limited, your account balance and your previous payment history.  This payment history can contain notes of late payments, any collections or transfer history, whether the account was included in a bankruptcy and the current payment status of the account.

Credit reports do not contain information about your income, sex or race.

Q?What is a public record?
A.

A public record is a file such as Bankruptcy, Lien or Judgment that are filed at the courthouse.

Q?What is a charge off?
A.

A charge off is the declaration by a creditor that an amount of debt is unlikely to be collected.  This occurs when a consumer becomes severely delinquent on a debt.  Traditionally, creditors will make this declaration at the point of six months without payment.

Q?When should I apply for new credit?
A.

We recommend that you do not apply for credit during the credit repair process.  Doing so will have a negative impact on your credit score and contrary to what we are mutually trying to accomplish.  Although we may recommend opening a secured credit card if you have little or no credit history.