Absolutely! Our credit education and document processing services will help you to leverage the laws and statutes in your favor. That law is called the Fair Credit Reporting Act (FCRA) which 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 which amounts to nearly 8 out of 10 reports. Identifying and challenging these errors is the quickest way to get immediate results. For disputed items 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 claim that a debt has been verified but do not back this claim up with proof. It is our job to prepare and deliver all the necessary documents to challenge the furnishers and we are very skilled at doing so.
The results depend on your unique goals, financial situation, and credit profile. That is why Londyn’s Financial does not offer any cookie-cutter programs because no two credit profiles look the same. We will carefully analyze your individual credit report and carefully craft a custom strategy to attack the negative items that are damaging your credit.
To answer this question, you must consider how much credit impacts your life. Having excellent credit can save you thousands of dollars on your next car loan and the savings are even greater when considering a mortgage loan. On the other hand, bad credit could prevent you from obtaining insurance coverage, and in some cases gainful employment. This is why we are dedicated to enhancing your credit profile and educating you on how to build and maintain financial stability.
The Fair Credit Reporting Act (FCRA) mandates that everything on your credit profile be reported accurately or it must be removed. This includes bankruptcies, foreclosures, collections, charge-offs, repossessions, medical bills, credit card debt, inquiries, late payments, old addresses, judgments, tax liens and student loans.
Items cannot come back as long as the item is current or paid at the time of removal or if the collection is older than three years. This holds true except in very rare circumstances.
There are two sides to the credit score battle. Sometimes, the creditors and the credit bureaus have done absolutely everything right and we have no case against them. On average, clients are able to remove 70% of the negative items from a credit report.
We will guide you through the process from start to finish and prepare all your documents for you. We have a superb knowledge of credit scoring and experience working with creditors and credit bureaus. It may be difficult for an individual to communicate with creditors and bureaus without an adept understanding of their techniques and federal and state regulations in place for credit reporting. We have spent a great deal of time learning the laws that will help you to remove negative information on your report.