Frequently Asked Questions
1. Couldn’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 results for our clients.
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 were removed from clients’ credit reports, and credit scores increased by 50 to 100 points.
3. How long will the process take?
Most clients see positive results in 75 days or less.
4. How much will it cost?
Full-service credit repair – $50 per trade line.
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. Software licensing for independent agents – costs vary by state. Call your Credit Justice Services representative at (866) 380-0067 for exact pricing.
6. What does my credit score mean?
There are three main credit bureaus: Experian, Equifax, and Trans Union. With a trimerge credit report, a report containing a score from all three major bureaus, most lenders look at the mid score.
EXAMPLE:
Experian
720
Equifax
657
Trans Union
717
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 more chance you have of receiving credit with a low interest rate.
EXCELLENT
850-730
GOOD
729-680
FAIR
679-620
POOR
619-500
NO FEDERAL FUNDING
500 and below
7. How does my credit score affect my interest rates?
For a $216,000 30-year fixed rate mortgage:
If your FICO score is: |
Your interest rate is: |
...and your monthly payment is |
|---|---|---|
760-850 |
6.2% |
$1,323 |
700-759 |
6.42% |
$1,354 |
680-699 |
6.6% |
$1,380 |
660-679 |
6.81% |
$1,410 |
640-659 |
7.24% |
$1,473 |
620-639 |
7.79% |
$1,553 |
8. How do I get good credit?
If you just want a credit card, you must shop around on your own. Find a bank offering a low interest rate. The lender will use your application to get a copy of your credit report from the credit bureaus. Your application, along with the credit report, will be used to 'score' you. READ MORE...
9. Thinking about filing bankruptcy?
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 laws a new version of the bankruptcy laws. These new laws have stricter rules about filing Chapter 7 bankruptcy. READ MORE...
10. What is negative credit?
Negative credit is when you do not live up to your contractual obligations, due to, for example... READ MORE...
