Frequently Asked Questions (FAQ’s)

We know you may have a lot of questions.  Below are just some of the questions our clients have asked in the past.  If you would like an answer to a question that is not on here, please contact us directly by clicking here


What is a Credit Score

A credit scores is a 3-digit number that creditors, landlords, insurance companies and other financial institutions use to determine your ‘risk factor’. By gauging the applicants past and present utilization of credit, the credit score provides an indicator of the applicant’s degree of financial responsibility. The credit score allows creditors to judge how you as the consumer will handle the credit obligation awarded to you.


What is considered a “Good” Credit Score

A credit scores is a 3-digit number that creditors, landlords, insurance companies and other financial institutions use to determine your ‘risk factor’. By gauging the applicants past and present utilization of credit, the credit score provides an indicator of the applicant’s degree of financial responsibility. The credit score allows creditors to judge how you as the consumer will handle the credit obligation awarded to you.


What is considered a “Bad” Credit Score?

A bad score can depend on the point of view of a person or lender. The lenders use your credit report and credit scores to determine your credit worthiness. With America’s horrible recession, it has forced these banks to “tighten up” and change all of their lending guidelines for the worse. A credit score of 700 or less will make it difficult to get certain loans or it will result in the lender charging a higher rate.


What is a good FICO Score?

One of the most well-known types of credit score are FICO Scores, created by the Fair Isaac Corporation. FICO Scores are used by many lenders, and often range from 300 to 850. Generally, a FICO Score above 670 is considered a good credit score on these models, and a score above 800 is usually perceived to be exceptional.


Is it legal to repair and fix my Credit?

Absolutely! The Federal Trade Commission has provided laws that protect your rights as a consumer. The Fair Credit Reporting Act protects the consumer in this type of situation and affords them the opportunity to dispute negative information on their credit report that’s inaccurate, incomplete or unverifiable.


Can I repair my own Credit?

Absolutely.  Not only can you do this yourself, but you will get better customized results that a corporation cannot provide.  You know your situation better than anyone else and hiring a company means you have to share your personal information with the company and provide them with secure information like your social security number, credit card numbers and other vital information that can put you at risk.


Why should I consider Credit Repair?

Credit repair is an option you can pursue in order to improve your credit rating and credit worthiness in the eyes of creditors/lenders. Negative or inaccurate credit influences the way that lenders respond to a credit application. Cleaning up your credit history is an important step in the health of your financial future.


What can I clean up on my Credit Report?

You can delete negative inaccurate, incomplete or unverifiable information such as:

  • late payments
  • collection accounts
  • charged off accounts
  • state and federal tax liens
  • judgments
  • foreclosures
  • bankruptcies
  • repossessions
  • personal identity inaccuracies
  • inquiries
  • fraudulent trade lines

How long does the Credit Repair process take?

Once you begin, you should start seeing an improvement in your credit within the first 45-90 days after beginning the credit repair process.  Each individual’s credit needs are unique and different. The average consumer can repair their credit report in less than 6 months by using the steps provided by Credit305.


Can I obtain a copy of my Credit Report?

Absolutely! The Fair Credit Reporting Act (FCRA) requires nationwide consumer reporting companies or “credit bureaus”  to provide consumers with a free copy of their credit report, once every 12 months but only if they request it.

To allow for this annual free report, the credit bureaus have set up www.annualcreditreport.com.


Credit Repair Myths – Free Download