Frequently Asked Questions
1) What is the cost?
There are three options to pay. The total cost is $799. SAVE $100 by paying in full at $699 or two monthly payments of $349 and $350. If those are not options for you, we can offer financing for $99 down to start and four equal payments of $175. Take advantage of the financing option with no credit check.
2) What can you take off of my credit bureau report?
We can take off unpaid collections, charge-offs, repossessions, bankruptcies, medical bills, foreclosures, tax liens, civil liens, student loans, credit card debt, inquiries, old addresses, all names but one, judgments, and divorce debt.
3) What are the risks I will be taking with repairing my credit? Will the credit bureaus penalize me?
There are NO risks. The only thing that will happen is that we will make your credit bureau report better for you or refund your money.
4) What is a Credit Bureau?
Credit bureaus track personal, financial and credit information on individuals. This includes information taken from public records, personal identification and debt information. With the exception of back child support payments, creditors supply information on a voluntary basis. Credit bureaus are strictly private "for Profit" entities, and are not government institutions. There are three major credit bureaus, Equifax, Transunion and Experian (formerly known as TRW).
5) Are all 3 credit bureaus important?
The three(3) major credit bureaus pass information to additional minor or less well-known credit bureaus. Each major credit bureau therefore will cover at least one-third of your total credit history and even though your credit report may display the name of an otherwise unknown small credit bureau, the fine print will show a major credit bureau is ultimately supplying the information
6) How long does information remain on my report?
Credit bureaus report credit information for a period of seven (7) years. SOme states have special provisions for collections and paid liens. Chapter 7 and Chapter 11 Bankruptcies are each reported for 10 years, and chapter 13 bankruptcy is reported for 10 years, both measured from the date of filing.
7) Why do Credit Bureaus not want me to use a Credit Repair Company?
The credit bureaus will tell you that it is easier and less expensive to do it yourself. While it may be true that you have the right to repair your credit yourself, many individuals do not have the time, experience and organizational savvy necessary to deal with bureaucracies. You must also spend hours of study to gain a working knowledge of the consumer laws available to you .many who start repairing their credit turn to a credit repair company after months of work.
8) How long would it take TRW Credit Group to repair my credit?
Again there is no definite answer, only definite advantages as the time varies depending on the initial credit status of each customer. On average it takes between 45 to 120 days for TRW Credit Group to repair your credit.
9) Does paying off my bills repair my credit?
You would think that would be true, but, again, the credit reporting system just doesn't work that way. When you pay an old debt, the negative credit listing doesn't disappear. In fact, it re-ages and the seven year clock begins again with that negative listings. And, the most ironic thing is that a paid, current negative listing is not any better than an unpaid negative listings. That's not always true, but in most cases, you won't get much further by paing the old debt.
10) Why should I use a Credit Repair Company?
The most common reasons are the individuals either have already tried themselves and obtained limited results, or they just don't have the time to undertake this task. If you decide to use us, you can be assured that you will be receiving the best assistance and service possible.
11) Do you Guarantee your service?
If we do not improve your credit, we will refund your money!
TRW Credit Group
Glenda Wallace
(228) 366-6829
glendawallace@trwfixmyfico.com
