There are a total of 3 credit bureaus you need to concern yourself with: Equifax, Experian, and TransUnion. There may be a other smaller credit bureaus that collect your data, but you will likely never need to communicate with them.
However, even with a high level of customer satisfaction, we cannot guarantee that we will be able to fix every item on your credit report---and you should be wary of any company that says they can. A great credit repair company is like a great attorney: they cannot guarantee you a win, but they have a high win rate that speaks for itself.
Nevertheless, our guarantee is that we will do our best to fix all items we agreed to fix. If we are unable to successfully dispute any items, you will not be charged for them.
You will receive a phone call about once a month from one of our representatives, who will go over the current status of your file. Additionally, if you have provided us with an email address, you will receive a status report each time there is an update on your file.
You are also welcome to contact our office or your assigned consultant at any time to inquire about your status.Click here to view a sample of an emailed status report.
- Payment History
- Utilization Ratio
- Length of Credit History
- Recent Activity
- Types of Accounts
There are 5 primary factors that affect your credit score. See below for an explanation of each and how much of an impact each factor has on your score.
For example, if you have a credit card with a limit of $1,000 and you utilize $500 of it, then the current utilization on that card is 50%. If you also have a second credit card with a $1,000 limit and you have a $0 balance on it, then your utilization on that card is 0%. If you combine the balances and credit limits on both cards, your overall utilization would be 25% ($500 used of $2000 available).
Your credit score is based off both the utilization ratio on each credit card and on your overall utilization (all cards combined). The maximum utilization on each card should be no more than 35%. Once it goes above this, your score is negatively affected.
We can all be “perfect” drivers for a day or a week, but what matters is how long we can go as “perfect” drivers. The same applies to your credit history.
There are exceptions to this: one being mortgage loan applications. When a person is shopping for a home, they will normally go to various banks and lenders to see who can give them the best rate or offer them the biggest loan. Applying for a lot of mortgage loans in a short period of time will not negatively affect your score as much as applying for a lot of credit cards in a short period of time would.