Is it illegal to charge an up-front fee for credit repair?
Are there any long-term contracts?
Do I lose credits every time I access my account?
Do I have to pay for every disputed tradeline… like Rapid Re-Score products?
How long will it take for me to see results, and is there anything else I need to do while I wait?
How will I get my credit reports, and is there any cost for the credit reports?
Can I begin disputing negative tradelines using other vendor’s credit reports?
How can I do this legally and according to the law?
Can a negative credit account be deleted?
Doesn’t paying off negative accounts repair my credit?
Does it matter which state I live in?
Where can I obtain a copy of the Fair Credit Reporting Act?
What does Section 611 of the Fair Credit Reporting Act state?
CreditResQ is an innovative, cutting-edge product that allows you to control your credit repair process. CreditResQ creates personalized instructions, professional dispute letters, and provides e-mail reminders to both you and/or your clients… during their entire credit repair process.
Back to TopAccording to the FTC, consumers can remove inaccurate information from a credit report themselves. However, CreditResQ.com’s software simplifies the process for you so you know exactly how and which accounts to dispute and/correct. CreditResQ also provides live support to answer your questions and guide you through the credit repair process.
Back to TopIs it illegal to charge an up-front fee for credit repair?
Yes. According to the FCRA (Fair Credit Reporting Act) and the FTC (Federal Trade Commission), it’s illegal to charge an up-front fee for credit repair services. CreditResQ.com is not providing credit repair. CreditResQ.com is providing you with the tools (software) designed to help you repair you or your client’s credit rating.
Back to TopAre there any long-term contracts?
No. CreditResQ.com does not require you to agree to any long-term contracts. CreditResQ.com only has a standard User Agreement… which all internet-based companies require.
Back to TopDo I lose credits every time I access my account?
No. Once you’ve started credit repair you’ll have UNLIMITED account access to continue your credit repair process.
You can access, generate, edit & print unlimited follow-up letters … for the one-time cost of 1 credit.
Back to TopDo I have to pay for every disputed tradeline… like Rapid Re-Score products?
No. All fees for the usage of CreditResQ are a one-time expense. CreditResQ is the most cost-effective credit repair solution available today.
Rapid Re-Score services from the major credit resellers are very expensive. Most credit vendors charge $30.00 per tradeline per bureau which can cost you hundreds of dollars. (Example: Disputing 3 tradelines for a husband & wife reported by all 3 major bureaus would cost you 3 tradelines x 2 adults x 3 bureaus x $30.00 = $540.00.) Then, you still don’t have any guaranteed results.
Sometimes the rescore products are necessary and/or beneficial, for immediate results. However, the rescore products are not necessarily the most beneficial in the long run.
Back to TopA one time fee of $89.95 includes 1 year membership to our full featured credit repair software, 24/7 access to your account, customer service and support, unlimited access to all dispute letters, creditor letters, etc, automated email reminders and prompts to complete steps and our one of a kind color coded 7 Process to Success steps pie for easy tracking of where you are at in the credit repair process!
Back to TopHow long will it take for me to see results, and is there anything else I need to do while I wait?
It only takes 35-45 days to receive responses from the credit reporting agencies! It’s very important that you or your clients continue paying all debts in a timely manner, that you do not contact the credit reporting agencies, and that you don’t apply for any type of credit during the dispute process.
How will I get my credit reports, and is there any cost for the credit reports?
CreditResQ generates a letter (requesting your free credit reports for you). Within 10-15 days, you and/or your clients will begin receiving credit reports from CSC/Equifax, TransUnion, and Experian.
Back to TopCan I begin disputing negative tradelines using other vendor’s credit reports?
Yes. You can begin the dispute process using other vendor’s credit reports, but we also recommend that you also order free credit reports directly from the three (3) major credit reporting agencies.
This insures that you aren’t missing any tradelines that might not have made it into your other credit vendors credit report.
Back to TopInvestigation results will begin arriving in the mail (from each credit reporting agency) within 30-45 days. The investigation results will show each of the disputed accounts as one of the following: “deleted”, “updated”, “remains”, “new information below”, or “not found”.
Back to TopHow can I do this legally and according to the law?
The Fair Credit Reporting Act (FCRA) is a federal law designed to protect you or your clients from being “slandered” by creditors, collectors, and credit reporting agencies. According to the law, a disputed credit account must be accurate, complete, and verifiable for it to remain on a credit report. This allows you to legally challenge information on the basis of “completeness and accuracy”. Many creditors simply don’t respond within the first 30 days (allowed by law), causing the deletion of your disputed account. Of course, there are numerous other reasons why accounts are deleted too.
Back to TopCan a negative credit account be deleted?
Yes. All inaccurate, incomplete or unverifiable accounts must be removed or updated. Repossessions, tax liens, bankruptcies, judgments, foreclosures, late payments, charge offs, collection accounts, and many other negative credit items can be removed. However, we cannot & do not guarantee the deletion of any negative account(s) in whole or in part.
Back to TopNo. However, our knowledge of the Fair Credit Reporting Act, credit reports, and the dispute process help service you and/or your client’s credit repair request(s) much more quickly than a law firm.
Back to TopDoesn’t paying off negative accounts repair my credit?
Of course, paying off the negative balances owed to creditors is always a step closer toward better credit. Unfortunately, in the short term, the credit reporting system utilized by each of the major credit reporting agencies do not recognize your efforts.
When you pay an old debt, the negative credit listing (judgment, tax lien, charge off, collection account, etc.) doesn’t disappear. Instead, it usually reactivates the 7-year reporting “clock”, keeping that negative account on your credit report for an additional seven (7) years & temporarily lowers your credit scores.
Back to TopDoes it matter which state I live in?
No, it doesn’t matter which state you live in. The Fair Credit Reporting Act is a federal law, regulates the credit reporting agencies, and applies to the residents of all fifty (50) states and/or anyone with a Social Security number.
Back to TopWhere can I obtain a copy of the Fair Credit Reporting Act?
The Fair Credit Reporting Act is available at the Federal Trade Commission’s website located at http://www.ftc.gov/os/statutes/fcrajump.htm, or we can provide you with a copy upon your request.
Back to TopWhat does Section 611 of the Fair Credit Reporting Act state?
Section 611 procedure in case of disputed accuracy(5) Treatment of inaccurate or unverifiable information. (A) In general, after any reinvestigation under paragraph(1) of any information disputed by a customer, if an item of the information is found to be inaccurate or incomplete or cannot be verified, the consumer reporting agency shall promptly delete that item of information from the consumers file or modify that item of information, as appropriate, based on the results of the reinvestigation. (taken from the October 1, 1997 edition of the Fair Credit Reporting Act)
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