It is no secret that the credit reporting system is far from perfect. From incorrect information from creditors to outright identity theft and credit fraud, it is common for credit reports to contain multiple mistakes that can negatively impact a person’s credit score. At Credit Care Company, we help consumers exercise their legal rights to correct these errors and improve their credit rating.

How Does the Process Start?

Your first step is to order copies of your credit report from the three major credit reporting agencies, which are TransUnion, Experian, and Equifax. It is important to review all three reports since each one may contain slightly different information. You may have heard stories that requesting a credit report will lower your credit score. While it is true that an excessive number of “hard” inquiries, such as the ones performed by banks when you apply for a loan, will impact your score, requesting your own credit report has no effect. The second step is to send us the reports along with your photo ID and proof of residence.

What Does Credit Care Company Do?

Once we get your information, we will carefully review the information and send letters to the bureaus disputing any incorrect information. The bureaus have 30 days in which to verify the information. If an item cannot be verified, it must be removed from your credit report. We will also help you come up with a personalized plan to correct any financial management issues that may be negatively affecting your credit. We will provide you with access to your very own secure client portal so that you can see the actions that we are taking on your behalf, track your credit score, and contact us with any questions or concerns.

How Long Does the Process Take?

Depending on the complexity of the issues, it can take time to correct or rebuild your credit; however, there are things that you can do to speed up the process:

• Do not open any new lines of credit.
• Continue to pay existing accounts on time. You should set a goal of reducing balances to less than 25% of the credit line.
• Never use more than 25% of an available credit line even if you plan to pay it off in a month. Heavy utilization of a credit line can lower your credit score.
• The credit bureaus will respond to you in writing regarding any items that we dispute on your behalf. It is important that you forward those responses to us as quickly as possible.
• We recommend that you enroll in credit monitoring, which will alert you to any changes in your credit report or score.

If you are ready to take the first step toward better credit, contact us today to speak with one of our credit professionals.