- Frequently Asked Questions -
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The bureaus are information keepers, nothing more nothing less and they make a lot of money to do that. They have huge databases on the credit histories of the American consumers. This information is gathered and given to the credit bureaus from creditors that have extended you credit in the past .Your credit history contains information that creditors use to evaluate and determine your ability and willingness to repay credit, in other words the credit risk. The information that you find on your report is: open and closed accounts, credit limits, current balances, number of late payments, collection actions, tax liens, and whether you own your own home or not, among other information. |
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The bureaus are information keepers, nothing more nothing less and they make a lot of money to do that. They have huge databases on the credit histories of the American consumers. This information is gathered and given to the credit bureaus from creditors that have extended you credit in the past .Your credit history contains information that creditors use to evaluate and determine your ability and willingness to repay credit, in other words the credit risk. The information that you find on your report is: open and closed accounts, credit limits, current balances, number of late payments, collection actions, tax liens, and whether you own your own home or not, among other information. |
That’s the easiest part of the job. You can go to www.annualcreditreport or just write to the three main credit bureaus and ask them to send you your free credit report. According to the FCRA – Fair Credit Reporting Act, you have the right of one free credit report annually. The main three credit bureaus are:
TransUnion Consumer Relations
P.O. Box 1000
 Chester, PA 19022
www.transunion.com
Experian Consumer Relations
P.O.Box 2002
Allen, TX 75013
www.experian.com
Equifax Consumer Relations
P.O. Box 105873
Atlanta, GA 30348
www.equifax.com |
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Your full name, your current address, Social Security number, date of birth, a copy of your valid driver's license. Make sure to sign the letter. |
If four or more weeks go by and you don't hear anything from the credit bureau, just call Moriah International,
Inc/ Goodcreditbetterlife.com. |
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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 is reported for 10 years as well, both measured from the date of the filing. |
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The credit bureaus will tell you that it is much easier and less expensive to do it by yourself. This information is true because they don’t want anyone with knowledge fighting with them. Also, Federal Trade Commission says that you have the right to repair your credit but many individuals do not have the time, experience and organizational skills necessary to deal with bureaucracies. You must also spend hours of study and research to gain a working knowledge of the consumer laws available to you. Many consumers who start repairing their credit turn to a credit restoration company after months of work. |
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We wish we could you say that but there is no definite answer because it all depends on your initial credit status, your dedication to review your credit report, to follow up and prepare letters to each of the credit bureaus. Besides, how long it takes you to learn your credit rights by familiarizing yourself with the FCRA - Fair Credit Reporting Act. You have to remain organized and be on top of the game. This process can easily take over anywhere from three, six months to a year of diligent work. |
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Again, we wish we could answer this question. Nobody can answer with a definite answer. It all depends of your credit scenario. Hiring Goodcreditbetterlife.com services eliminates the time invested in learning credit laws and techniques when drafting correspondence for the paper chase with the credit bureaus. It frees you from crafting carefully worded correspondence and following each dispute. On average it takes between three to six/eight months. All depends on your credit status. |
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Yes and no. Actually, we are skeptical when we see consumers applying for a new credit card during the restoration process. If you have to, be sure that you do indeed get approved for any credit you request. Just remember that even mere inquiries from prospective lenders are treated as negative credit data. Find out what the lending institution's criteria is for granting the credit card or loan you want before submitting the application and make sure that you do qualify and can meet their criteria. If not, you should not apply as it will only add negative credit information to your credit history and bring your score down! |
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According to what we have learned if it is a very old debt doesn’t worth. We know that it does not make sense but credit reporting doesn’t work that way. If 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 listing. The most ironic thing is that a paid, current negative listing is not any better than an unpaid negative listing. But we respect your feelings. |
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If you don’t have credit at all is because you hadn’t had the opportunity. We live in a cashless society and you need to have credit no matter what you think and say. You have to build you history. To live without credit is expensive and painful. Lenders go easy on persons with no credit history. A steady source of income, money in a bank account, or a relative willing to cosign your credit application may be all you need. |
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Anyone who wants information for a business transaction between you and them may obtain your credit report. This may include an insurance company, a prospective landlord, a prospective employer, a collector, or a government official. |
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Because we are on the top of this game and we have the knowledge and experience that grows each day dealing with the bureaus. That’s our job!
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Some examples of “improper”, or better stated “inaccurate”, items on a consumer’s credit report are items that either is:
1.) Erroneous – don’t belong to the consumer.
2.) Inaccurate – display inaccurate information about the item such as payment history or dates.
3.) Obsolete – have exceeded the reporting timeline for that item.
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Clearing up correct information is against what the FCRA – Fair Credit Report Act is in place for. You should not attempt to clear up correct information. It might back fire. You should only dispute information that is believed to be inaccurate, obsolete or erroneous.
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The agreement that you sign with Moriah International, Inc / Goodcreditbetterlife.com credit restoration services, all misleading, negative, erroneous and obsolete information on your credit report will be challenged. All credit listings showing up on the credit report which you advise us are assumed to be inaccurate or unverifiable will be subjected to a dispute. Once we've received your credit reports we will initiate disputes for you.
Sounds easy? But it is not! Believe us. Any person who has attempted to dispute their own credit will tell you otherwise. According to federal law, the credit bureaus can ignore your dispute under a variety of conditions. The reality is that a large percentage of dispute letters sent directly from consumers are rejected under one credit bureau pretext or another.
At the conclusion of the credit bureau's investigation, a new copy of the credit report will be sent to your address showing any deletions or improvements as a result of Goodcreditbetterlife.com services. You then copy and send us the new credit report and the new cycle starts at timed intervals.
A disputed credit listing must be accurate and verifiable for it to remain on the credit report. If the credit listing is only somewhat inaccurate and the disputed credit items cannot be verified, the creditor either no longer possesses the information or does not wish to go to the hassle and timing consuming of verifying it. Then, the reinvestigation must be completed within 30 days or the listing must be removed. For these reasons, properly disputed credit listings are removed with remarkable frequency. Each time an investigation is commenced, the odds of receiving a particular deletion increases.
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The FCRA – Fair Credit Reporting Act says that dispute your credit report is your right. However, you have to understand that Moriah International, Inc / Goodcreditbetterlife.com is not a law firm and that none of its employees is an attorney licensed to practice law in the state of Florida. As such, Moriah International, Inc / Goodcreditbetterlife.com cannot provide legal advice nor represent any individual before any court or in any legal proceeding. In the event that legal representation is required, Moriah International, Inc / Goodcreditbetterlife.com may provide an appropriate referral for consultation.
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It might happen but the FCRA - Fair Credit Reporting Act requires that the credit bureau inform you of any reinstatement of a previously deleted listing. The FCRA also makes it more difficult for credit bureaus to re-report listings. It is rare for listings to come back on your credit history once they had been deleted. If an item is re-reported, it is a simple matter to challenge the listing again at a future time in order to press for permanent deletion. Again, it is a never end diligent work!
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We just guarantee the service that we can provide and it is written on our service agreement that is presented on the initial consultation. We don’t hide behind any phony statements or false promises. There are no guarantees involved when dealing or working with credit bureaus or any credit restoration company. It is a violation of the Credit Restoration Organization Act to guarantee results. Whoever says otherwise, watch out!
We try to excel in our services. But you must remember that you must do your part. We need you working with us. If you've done your part forwarding updated credit reports and letters from the credit bureaus in a time manners and we've made no progress, we would prorate your account for the work that has been completed and the balance would be refunded.
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Without a shadow of a doubt, it is bankruptcy or BK for the market. From the best to worse, they are: credit inquiries, credit rejections, and late payments, past due and unpaid payments, court judgments, collections, loan defaults, repossession, foreclosure, and bankruptcy.
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All negative information stays on your credit file for anywhere from 3 to 10 years
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Not at all! The show must go on. If it was the case America would be broken and the economy would stop. Cars and houses must be sold. Millions of people file bankruptcy per year. Of course, we are not encouraging anyone to file bankruptcy in any way, shape of form, but we have to emphasize that this is not the end of the road. Lenders are much more interested in your present circumstances than what happened to you 1, 2, 3 to 10 years ago. Rebuilding your credit is about strategy. You need a game plan and can be done quicker than you think through a systematic plan, and a little perseverance.
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Make no mistake. If you don’t have good credit in the United States, you don’t have good life. Do yourself a favor. Check your credit report as much as you can. Bad things happen to good people. Forgive yourself and move on. You still have a beautiful life to live. This is America, the land of opportunity.
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