Following are frequently asked questions and tips on how not to damage your credit any further by choosing the incorrect strategies.
How can Consumer Resources, Inc. help me restore my good credit?
Since 1996, CRI has been utilizing cutting edge techniques to provide fastresults, the most affordable and the best credit repair and credit restoration service in the America. These proven techniques of removing and correcting negative accounts and information on a customer's credit report allows us to boast a 75-80% success rate and a Customer Satisfaction rating of 99.999%. We educate our customers on how to manage their credit and build credit so they can obtain the maximum credit scores.
How long will the process take and what scores can I expect to achieve?
Each customer's credit repair or credit restoration processing time and results are based on a variety of factors such as how severely the credit is damaged, the customer's reasons for disputing the accounts, the type of accounts disputed, the number of accounts disputed and the age of the disputed accounts. CRI customers can expect an increase in their credit scores in as little as 45 days and the process completion time averages 2-7 months. CRI has consistently averaged 75-80% of all negative accounts being removed or corrected on a customer's credit report since 1996. CRI's #1 success rate guarantees all customers a significant credit score increase per bureau of 75-250+ points upon completion.
Is it legal for me to hire CRI or for me to restore my credit?
YES. Congress passed the Fair Credit Reporting Act in 1970 giving every U.S. consumer the right to challenge negative information on their credit report that is inaccurate, unverifiable, erroneous, obsolete and misleading. How to start the credit restoration or credit repair process: (1) You can perform the process yourself by contacting the bureaus yourself . But if you are inexperienced with the process, this is not the best choice because you can actually make your credit worse. (2) You can purchase a credit restoration kit at an office supply store. But if you are not familiar with the process, the obstacles and proper way to respond to the credit bureaus, this is not the best choice and you can make your credit worse. (3) You can hire an attorney but this could be cost prohibitive and to find an attorney that is experienced at credit restoration is like finding a needle in a haystack. (4) If you don't have the time to do it yourself, you can hire Consumer Resources, Inc. because we have a proven track record, deliver fastresults, are affordable, effective and have a solid reputation worldwide since 1996.
Will I get progress reports?
All correspondences and credit report updates relating to your credit repair and credit restoration process will be mailed directly to you from the credit bureaus for you to reveiw for deletions, corrections and positive changes. Then you must mail all of these ORIGINAL documents from the credit bureaus to CRI within 24-48 hours so we can analyze them and if necssary, adjust our strategy so we can continue your process uninterrupted. Don't be alarmed if any disputed accounts are verified as accurate because we will continue to work the account until we achieve the desired results. 60 days after your process starts, you can also contact CRI for an update. IMPORTANT: MAIL all credit bureau ORIGINAL documents received to CRI within 24-48 hours of you receiving them and keep copies for your permanent file.
Would paying off collection accounts improve my credit scores?
Paying off collections, charge-offs, or profit and loss accounts will drop your credit scores 38-55 points per credit bureau reporting the account if you do not utilize the proper strategy and following specific guidelines. The Fair Credit Reporting Act states that a derogatory accounts on your credit report can remain on your credit report for 7 years for revolving credit and installment accounts and for up to 10 years for bankruptcies and judgments. Judgments can be renewed every 10 years. If you are about to be sued or have received a subpeona, contact CRI immediately because judgments are the most difficult accounts to be removed from a credit report.
What is the cost for the credit restoration service, completion time and my credit scores after completion?
The cost of the credit repair or credit restoration service will always be affordable and is based on how severely the credit is damaged. To make the service even more affordable, CRI OFFERS PAYMENT PLANS. Once our credit consultant has reveiwed the customer's credit report and interviewed each customer, the cost is determined. Once the cost is determined, the customer will also be given an estimated time of completion and an estimate of where their credit scores will be when the service is completed.