Some FAQs and Answers about Credit Restoration

Some FAQs and Answers about Credit RestorationQ. Why should I invest in credit restoration services when some credit advisors say “you can fix your credit on your own.”?

A. Not everyone needs to hire a credit restoration company. Sometimes a free credit consultation is all a consumer needs. If you are thinking about restoring your credit, our recommendation is to go with a credit repair company that customizes your credit repair program based on your circumstances. In other words, do not invest in a scanned computerized credit repair program that charges you a “monthly fee”.  A tailored manual credit restoration process is better than a scanned generic credit repair program that you typically see online.

Q. I have a short sale that blemished my credit. Now, I am ready to apply for an alternative business loan and new business credit. What are my options?

A. In most cases, banks work proactively with our credit analysis requests. Majority of the credit encodings that are reported onto the credit bureaus for short sales are incorrect. Fixing a short sale mortgage derogatory takes time, commitment and patience from our client.

Q. I was advised by another credit repair company not to pay off my collection account. What do you think?

A. Pay off your collection account because if you don’t pay off your collection account, it will be sold to another collection agency. Rather than having one collection appearing for a particular debt, you will have two credit deragatories for the same debt that will appear on your credit report.

Q. You told me to pay off my collection account and I did; now a new collection agency is reporting me for the same debt that I paid off. So now what?

A. Always keep your receipts and letters from the collection account you paid off. This scenario is a simple fix as long as you can prove you paid off the debt with a bank verification or letter from the previous collection agency.

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For more information on how we can help you fix your credit in Bonita Springs, Naples and Marco Island, please fill out the online contact form about your concerns or give us a call at 855.885.5199. Read what our valued clients have to say about First Pro Capital and Credit Consulting Professionals on our Testimonials page.

 

 

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