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| 1. Can’t I repair my own credit instead of paying your company to do it for me? |
We compare it to representing yourself in a court of law. You can do it, but it would not be wise.
We know how credit agencies work. Our experience and knowledge of credit laws help us get fair result for our clients. |
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| 2. Are there any guarantees that my credit score will improve? |
Although we cannot guarantee your credit score will improve, we will do everything we can to fight the credit agencies and clean up your credit report. In almost every case, negative items are removed from clientsÕ credit reports, and credit scores increased by 50 to 100 points. |
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| 3. How long will the process take? |
Most clients see positive results in 75 days or sooner. |
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| 4. How much will it cost? |
Full-service credit repair – $50 per trade line. |
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| 5. Can I use your product to go into business for myself? |
Yes. We offer software licensing for independent agents, which includes individuals and corporations. The costs vary by state. Call your Credit Justice Services representative at (866) 380-0067 for exact pricing. |
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| 6. What does my credit score mean? |
There are three main credit bureaus: Experian, Equifax, and Trans Union. With a tri-merge credit report -- a report containing a score from all three major bureaus -- most lenders look at the mid score. |
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| EXAMPLE: |
Experian 720
Equifax 657
Trans Union 717 |
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In this case, 717 would be the mid score.
These scores represent a composite of the borrower's credit history, employment, ability to save, and so on. The higher your score, the better chance you have of receiving credit with a low interest rate. |
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EXCELLENT 850-730
GOOD 729-680
FAIR 679-620
POOR 619-500
NO FEDERAL FUNDING 500 and below
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| 7. How does my credit score affect my interest rates? |
For a $216,000 30-year fixed rate mortgage: |
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| If your FICO score is: |
Your interest rate is: |
...and your monthly payment is |
780-850
700-759
680-699
660-679
640-659
620-639 |
6.2%
6.42%
6.6%
6.81%
7.24%
7.79% |
$1,323
$1,354
$1,380
$1,410
$1,473
$1,553 |
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| When lenders review one’s credit score, it's reviewed by an underwriter. The underwriter and credit scores are assessed and rated by the following criteria: |
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| Lifestyle History |
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If you've been thinking about filing bankruptcy so you can get a fresh start with your credit, don't delay. On April 25, 2005, President Bush signed into law a new version of the bankruptcy laws. These new laws have stricter rules about filing Chapter 7 bankruptcy. READ MORE... |
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| 10. What is negative credit? |
Negative credit is when you do not live up to your contractual obligations, due to, for example...
READ MORE... |
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