At STXCA, we take great effort in repairing your credit as fast as possible. Although everyone’s credit history is different, most people will see progress within the first 30 to 60 days after enrolling in our Credit Repair Program. On average our clients graduate in as little as 4 to 6 months and are empowered to achieve their financial goals.

 

There is no doubt that the numerous dishonest acts of many credit repair companies and certain individuals have given credit repair a bad name.

Some people take this to mean that credit repair itself is illegal.

They’re wrong.

Credit Repair, by definition, is the process of improving a person’s credit score. It isn’t just about removing negative information. It also involves adding positive credit accounts, and other credit profiling techniques that can help raise a consumer’s credit score.

Is it illegal to add positive accounts?

Of course not.

Is it illegal to build a positive payment history?

Once again, “NO!”

Is it illegal to change your credit utilization to raise your score?

Obviously, the answer is once again “NO.”

But what about removing negative accounts?

Under the FCRA, consumers have a right to request an investigation into items on their credit report.

Here’s what the FCRA says about the removal of disputed information:

“(5) Treatment of Inaccurate or Unverifiable Information (A) In general. If, after any reinvestigation under paragraph (1) of any information disputed by a consumer, an item of the information is found to be inaccurate or incomplete or cannot be verified, the consumer reporting agency shall- (i) promptly delete that item of information from the file of the consumer, or modify that item of information, as appropriate, based on the results of the reinvestigation; and (ii) promptly notify the furnisher of that information that the information has been modified or deleted from the file of the consumer.”

( FCRA § 611(a)(5)(A))

This text clearly states that any item found to be “inaccurate” or “incomplete” or that “cannot be verified” must be removed (or corrected where appropriate).

As a consumer, you have a right to make sure that every item on your credit report is:

1. Accurate

2. Complete

3. Verifiable

4. Timely

So to answer the question is credit repair illegal the answer is again NO! Credit repair is completely LEGAL!

Call us and we will direct you every step of the way to having excellent credit, that will save you thousands of dollars$$$$$$$$$$$$!
Even one or two slow payments will usually trigger a credit card or personal loan denial. The slightest amount of negative credit will cause the interest on an auto loan to skyrocket. You will probably find that even a little bad credit, regardless of how much good credit you have, is an unacceptable barrier to credit approval on request for large amounts of credit – like a mortgage loan.

Call us for an appointment and we will advise you on taking care of your credit and how to have a great credit score.
Additionally, a bankruptcy filing and bankruptcy discharge listing will appear in the court records section of your credit report. Because so many negative items are attached to the bankruptcy, it becomes difficult to remove all traces of the bankruptcy. If at all possible, you should avoid bankruptcy at all cost.

Here at STXCA we have an attorney on staff to guide and assist our customers. Call us for an appointment.

Negative credit listings are deleted from credit reports each and every day!

 

STXCA is hard at work every day challenging damaging and questionable credit entries on behalf of our clients. Utilizing proprietary and absolutely legal methods, STXCA is a professional organization working for you and your credit. We hold ourselves to incredibly high standards, which is why our process is fully transparent once we begin our partnership.

The cost of credit repair is small compared to the cost of living with bad credit. It affects insurance rates for both auto and home, interest rates, and even your ability to get a job. In the financial sector, you can’t hope to get a job in banking or finance with good credit. Below are a few examples of the cost of bad credit.

 

Auto/Car 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 for a higher payment. Example:

$23,000 Vehicle Financed for 5 Years:

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

This happens occasionally, either by accident or when a creditor has verified a particular item. This is what’s known as a ‘soft delete’. The FCRA (Fair Credit Reporting Agency) has made it much more difficult for a creditor to replace an item once it has been removed. STXCA will re-challenge the item with the full force of the prior removal in our favor.

We have not had a single client who has not gotten results from our program. We know from experience that, due to our one-on-one personal approach, our clients usually have great results. All results are unique to each situation, schedule your consultation to see how we can help you.