General Credit Repair Questions
What is credit repair?
Credit repair is the process of identifying and disputing inaccurate, outdated, or unverifiable information on your credit report to improve your credit score.
How does credit repair work?
We analyze your credit report, identify negative items that may be inaccurate or outdated, and dispute them with credit bureaus and creditors to help improve your score.
Is credit repair legal?
Yes, credit repair is legal under the Fair Credit Reporting Act (FCRA), which gives consumers the right to dispute incorrect information on their credit reports.
Can I repair my credit on my own?
Yes, but the process can be time-consuming and complex. Clear Horizon Credit Solutions has the expertise to navigate disputes effectively and efficiently.
How long does credit repair take?
Credit repair is the process of identifying and disputing inaccurate, outdated, or unverifiable information on your credit report to improve your credit score.
Can you remove all negative items from my credit report?
We can only challenge inaccurate, outdated, or unverifiable items. If an item is valid, it may remain on your report.
What types of negative items can be disputed?
We dispute collections, charge-offs, late payments, bankruptcies, repossessions, foreclosures, tax liens, judgments, and incorrect personal information.
Can credit repair increase my credit score?
Yes, removing inaccurate negative items can boost your score. We also provide credit-building strategies to help you maintain a higher score.
Is there a guarantee that my credit score will improve?
No company can guarantee results, but we have a proven track record of helping clients see improvements in their credit reports.
Will credit repair work for me?
Every situation is different, but if your credit report contains inaccuracies or outdated items, credit repair can likely improve your score.
Clear Horizon Credit Solutions Services
What is a credit report?
A credit report is a detailed record of your credit history, including accounts, payment history, inquiries, and public records.
Where can I get a copy of my credit report?
You can get a free copy of your credit report from AnnualCreditReport.com once a year from each of the three major credit bureaus.
What are the three major credit bureaus?
Experian, Equifax, and TransUnion.
Why is my credit score different on different reports?
Each bureau may have different data on file, leading to variations in your scores.
What factors affect my credit score?
Payment history (35%), credit utilization (30%), credit history length (15%), new credit inquiries (10%), and credit mix (10%).
What is a good credit score?
Credit scores range from 300-850. A score of 700+ is considered good, while 750+ is excellent.
How often does my credit score update?
Your score updates when your creditors report to the bureaus, typically once a month.
How long do negative items stay on my credit report?
Late payments (7 years), bankruptcies (7-10 years), collections (7 years), and hard inquiries (2 years).
Will checking my credit hurt my score?
No, checking your own credit is considered a soft inquiry and does not affect your score.
What is a hard inquiry vs. a soft inquiry?
A hard inquiry occurs when a lender checks your credit for a loan or credit card. A soft inquiry happens when you check your own credit or when a lender pre-approves you.
Debt & Credit Utilization
What is credit utilization?
It’s the percentage of your available credit that you are using. Keeping it below 30% is ideal for maintaining a good score.
How can I lower my credit utilization?
Pay down balances, request credit limit increases, and avoid maxing out your credit cards.
Should I close old credit accounts?
No, keeping old accounts open helps maintain a longer credit history, which benefits your score.
Can I remove a collection account from my report?
If the account is inaccurate, outdated, or unverifiable, we can dispute it. If valid, you may need to negotiate a pay-for-delete agreement.
Will paying off a collection improve my score?
Paying a collection may not immediately improve your score, but it will look better to future lenders.
Business & Loan-Related Credit Questions
Can credit repair help me get a mortgage?
Yes, improving your credit score can increase your chances of mortgage approval and lower your interest rate.
Can credit repair help me get a car loan?
Yes, a higher credit score can qualify you for better auto loan rates.
Can I get a business loan with bad credit?
Some lenders offer business loans to those with low credit, but terms may not be favorable. Improving your score can help.
Do you offer business credit services?
Yes, we help entrepreneurs establish and improve their business credit profiles.
Miscellaneous Questions
Can student loans be removed from my credit report?
Only if they are inaccurately reported. Otherwise, they will remain on your report.
Can you remove medical collections?
If they are inaccurate or outdated, we can dispute them for removal.
Does bankruptcy disqualify me from credit repair?
No, we can help rebuild your credit even after bankruptcy.
How do late payments affect my score?
They can significantly lower your score and stay on your report for up to 7 years.
Can I add positive accounts to my credit report?
Yes, we guide you on reporting rental payments and utility bills to build credit.
Will closing credit cards help my score?
No, closing cards can decrease your available credit and hurt your score.
Do you provide credit education?
Yes, we teach clients how to maintain and improve their credit long-term.
Can I negotiate my debt?
Yes, we provide guidance on debt negotiation to settle accounts for less.
How can I contact Clear Horizon Credit Solutions?
You can reach us at [Contact Info].
Do you offer discounts for couples or families?
They can significantly lower your score and stay on your report for up to 7 years.
How do I stay updated on my credit progress?
They can significantly lower your score and stay on your report for up to 7 years.
