FAQ

FAQ

You can learn more from our Frequently asked questions

Yes, credit training is legal and our credit education and document processing services will help you to use the law in your favor. The Fair Credit Reporting Act (FCRA) gives you the right to dispute any item on your credit report. If that item cannot be verified within a reasonable time, (usually 30 days) it must be removed. Studies have shown that 79% of all credit reports contain errors that is reported inaccurate. This is nearly 8 out of 10 reports. Therefore, most credit reports improve immediately. For items disputed that are not errors, a creditor or furnisher is often unable to find the records or signed documents within the allotted time and the item gets removed. Sometimes the furnisher will say it has been verified but they do not offer proof. It is our job to prepare documents that challenge this, and we are very skilled at that.

You will sign up for Identityiq.com, which is a service that gives you access to all of your credit reports. We then will review those reports together to see what items are reported inaccurate.

To qualify for the best rates and terms on a home mortgage, you will need at least a 680 or higher. Many lenders give their best rates to those with a 740 or better. For credit cards and car loans, you should probably qualify for the best rates with anything over a 640, though some lenders make special offers for those with over a 700 score. Anything below 620 will put you in the “sub-prime” category for home mortgages (meaning you will pay higher fees and get a higher rate). If you have less than a 600 score, you probably will not get approved for most unsecured credit cards. Your goal should be a 770 score. We have yet to see a lender who would not give their best rates and terms to a person with that score.

Yes, credit repair is legal and our credit education and document processing services will help you to use the law in your favor. That law is called “The Fair Credit Reporting Act.” The FCRA gives you the right to dispute any item on your credit report. If that item cannot be verified within a reasonable time (usually 30 days) it must be removed.

The credit bureaus are privately owned companies. They are not government-owned companies, but they are government-regulated companies. The Consumer Financial Protection Bureau (CFPB) regulates government companies like the credit companies.

Items typically are deleted within 30-45 days. Credit restoration is a process, and can take between 4-6 months for optimal desired results.

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Head office address:

7901 4th St N Ste. 300 St. Petersburg, FL 33702

Call for help:

+1 800-253-1869

Mail for information:

support@advantagebusinessnetwork.com