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Free Credit Consultation! Call Local: 954-217-3763 Toll Free: 866-598-6364

 

Frequently Asked Questions

 

-- I'm ready to sign up right now. How do I do it? --

It all starts with a free credit consultation, which you will receive by visiting our Sign Up page or calling us at 954-217-3763. We're different from our competition in that every one of our clients receives individual attention from Ask 4 Premier Credit Repair... We formulate a customized plan of action based on your specific needs. No two clients are alike!




-- How much does bad credit cost? --
The cost of credit repair is small compared to the cost of living with bad credit.


Below are a few examples of the cost of bad credit.


Auto Loan
If you are making vehicle payments, you are most likely paying between $4,000 and $10,000 more over the course of the loan just for having credit score issues. This added interest shows up every month in a higher payment.

Example:
Car Loan
$23,000 Vehicle Financed for 5 Years

 

Credit Status Rate Payment Interest Paid
High Credit Score 3% $413 $1,796
Slightly Damaged 9% $477 $5,646
Damaged 18% $584 $12,042


Home Loan
Damaged credit on a vehicle is nothing compared to the effect of damaged credit on a home loan. A typical home can cost between $180,000 and $300,000 more in interest of the 30 year loan, if you are buying the home with damaged credit. Example:

 

 

$120,000 home paid over 30 years:

 

Credit Status Rate Payment Interest Paid
High Credit Score 7% $798 $167,410
Slightly Damaged 9% $966 $227,596
Damaged 13% $1,327 $357,878

 


$190,000 home paid over 30 years:

 

Credit Status Rate Payment Interest Paid
High Credit Score 7% $1,264 $265,066
Slightly Damaged 9% $1,529 $360,361
Damaged 13% $2,1202 $566,640

 



Credit Cards
It is not unusual to not be able to get an unsecured credit card with damaged credit. The accounts you may be approved for will typically have higher rates, low credit limits, and have higher than normal penalties and fees for things like late payments.

 




-- How do you restore bad credit? --
Once we've receive your initial credit reports, we will analyze and research your credit report in conjunction with the Fair Credit Reporting Act, in order to determine which laws we are going to use when defending the derogatory items in question, on your credit report... We will then draft letters to dispute the derogatory items in question on your behalf. Although consumers are allowed to dispute their own derogatory items on their credit reports, if they have the time and knowledge to do so; it is important to note, that according to federal law, the credit bureaus can ignore your dispute under a variety of conditions. In our experience, a large part of the dispute letters sent directly from consumers are rejected for one reason or another. Ask 4 Premier Credit Repair's letters are expertly designed such that credit bureaus will accept the dispute and conduct an investigation.

A disputed credit listing (and/or the laws that we are advising the bureaus that the tradelines are out of compliance with) must be verified as accurate (and/or in compliance with the Federal law in question) in order to remain on the credit report. Very often disputed credit items cannot be verified because either the creditor no longer possesses the necessary information, or that creditor will not go to the effort of verifying the information, even if they have the information in question. Furthermore, the investigation must be completed within 30 days or the listing MUST be removed. For these reasons, properly disputed credit listings are removed from your credit report with remarkable frequency.

At the conclusion of the credit bureau's investigation, a new or updated copy of the credit report is sent to you along with any deletions or improvements. You then provide us with a copy of the new credit report within 5 days of receipt and the cycle repeats itself at strategic intervals.

Each time an investigation is initiated, the odds of receiving a particular deletion increases.

Upon completing the program, we always recommend for our clients to start adding positive accounts/tradelines to their reports; that are maintained in good standing, in order
to improve their credit profile even further.



-- How long does it take? --
Everyone wants to see results immediately. Although everyone's credit history is different, most people will see progress within the first 45 days of their enrollment. The majority of time is spent waiting for the credit bureaus to respond to our requests. We take great effort in expediting our disputes to the credit reporting agencies... As a reference, the average person with 7-10 inaccurate, misleading or obsolete items on each credit report should be prepared for 8 to 10 months as an optimal amount of time to maximize their credit status or profile...


 


-- What if removed items reappear? --
Although very rare, we understand that this can happen occasionally; whereby, a creditor has eventually verified a particular item. This is what is known as a 'soft delete'. The FCRA (Fair Credit Reporting Act) has made it much more difficult for a creditor to replace an item once it has been removed. If this situation should ever occur, Ask 4 Premier Credit Repair will re-challenge the item with the full force of the prior removal in our favor. Additionally, certain situational circumstances, i.e., currently involved in a bankruptcy proceeding, debt settlement proceedings, foreclosure proceedings, a short sale proceeding, etc, may also yield the return of a deleted item, upon enrolling in a credit restoration program. Therefore, we will always advise our prospective clients to preferably wait until they have completed the latter mentioned proceedings prior to enrolling in a credit restoration program...



-- Is this legal? --

Yes, you are provided with rights under the Fair Credit Reporting Act (FCRA), which are inclusive of the right to challenge inaccurate, misleading and obsolete items appearing on your credit report. Ask 4 Premier Credit Repair uses every venue available to you under the law to help you assert these rights.




-- How is this done legally? --
Disputing items on your credit report is your legal right (see the Fair Credit Reporting Act). When you use Ask 4 Premier Credit Repair to help repair your credit, we are abiding by and using all federal and regional laws regulating third party credit repair assistance.



-- What is a credit score? --
A credit score is a numerical ranking system that lenders use to determine how much of a credit risk you are. A credit score is a numeric indication of how likely you are to repay debts such as loans or lines of credit. Lenders use this number to determine how much of a credit risk you are.
Credit scores also are designed to indicate your creditworthiness in comparison with other consumers.
Credit scores are based on the data in your credit report and are generated by computers using artificial intelligence. Usually a credit score is between the numbers 300 to 900. The higher your score, the more "creditworthy" you are to lenders.



-- What is my credit score based on? --
Credit scoring is based on many factors that may include:
Amount of available credit
Payment history
Recent requests for credit
Amount of credit currently being used
Length of credit history
Under the Equal Credit Opportunity Act, credit scoring may not use gender, martial status, national origin, race, or religion as factors.



-- How can bad credit be deleted? --
Negative credit listings are deleted from peoples' credit reports each and every day!
Ask 4 Premier Credit Repair is hard at work every day challenging damaging and questionable credit entries on behalf of its clients. Utilizing proven and absolutely legal methods, Ask 4 Premeir Credit Repair is a professional organization working for you and your credit.



-- Will I get results? --
We know from experience that due to our one on one personal approach, many clients experience tremendous results. The ranges of success are as endless and unique as our clients. We partner with our clients, giving them every advantage they can have in the credit world. Yes, achieving results requires that we work as a partnership. Your results will reflect that partnership.  Upon completion of the program; we will provide an exit consultation with regard to the various ways to continue to improve upon your credit status, i.e., adding positive trade lines to your credit report; paying all current bills on time, keeping credit balances under 50% of your credit limit, keeping inquiries to a minimum, etc...

 

-- Is there a money back guarantee?--

Yes, after 6 months have passed, and you have forwarded credit reports every forty five to sixty days and complied with the commitments to the service, and we have not been able to improve your credit file by removing any derogatory items from your account, we will gladly offer you a full refund of this service, with the following exceptions: if you should be involved in a current bankruptcy proceeding; a short sale proceeding; a foreclosure proceeding, involved in a debt settlement program and/or have 2 or less accounts on your credit reports.