What do credit repair companies do?
Under the Fair Credit Reporting Act, credit repair companies cannot do anything that you cannot do for yourself at little or no cost. You do not have to pay a credit repair company to learn what is in your file or to correct inaccurate or incomplete information. No one can legally remove accurate and timely negative information from a credit report but you can obtain a copy of your credit reports and also dispute mistakes or outdated items to a credit bureau.
How does this process affect your credit rating?
We can only speculate as to how creditors will respond to the process. In most cases, once payments cease, creditors do tend to report negative entries to a credit reporting agency. However, for those clients interested in reclaiming a good credit score, Kingdom Debt Solutions is proud to be partnered with one of the leading and most experienced credit repair companies in America which will allow you to reclaim a good credit standing.Not a chance! No credit repair company is so good that it can guarantee a specific outcome.
Why is a Law Firm better at repairing credit than a credit repair agency?
Law firms and credit repair agencies operate under different sets of government regulations. Because of increased consumer complaints in regards to disreputable credit repair agencies, the government has imposed strict regulations on credit repair agencies. Overall, these regulations are a positive step towards protecting consumers from disreputable credit repair companies; however, the regulations also restrict some of the service offerings of legitimate credit repair agencies.The FTC's concerns regarding credit repair agencies address the unethical individuals who have taken advantage of the rising demand of credit restoration by posing as credit repair companies on the Internet or via telemarketing, making promises they either couldn't keep or never intended to keep, and/or charging fees up-front and then vanishing after providing minimal and inadequate services - if any services at all.
WHAT SETS NCCS APART FROM OTHER COMPANIES THAT CLAIM TO DO CREDIT REPAIR?
Simple ? Our experience, our strong ethics, our implementation of technologies and our straight-forward billing structure.First it's a good idea to look beyond the advertising claims and look for experience and a track record that will give you the confidence in making a decision. Beware as there are many credit repair companies that prey on unsuspecting consumers, who actually achieve incredible results by deleting thousands of negative credit trade lines when statements are provided that are not totally true.
So, can credit repair companies really guarantee results?
Not a chance! No credit repair company is so good that it can guarantee a specific outcome. It would be like a defense lawyer guaranteeing that the jury will find his client innocent. Guarantees are a sure sign of credit repair fraud. A warranty, where the credit repair company promises a refund if certain results don't occur, is a better, more realistic claim.We would not advise that you get involved with so called 'credit repair' companies as they don't do anything that you can't do yourself.
What is the difference between your firm and a credit repair type company?
Some credit repair companies are legitimate, others aren't. Many charge outrageous fees and almost all restrict their business activities to credit repair which does nothing to educate the consumer on avoiding future credit mishaps. We are familiar with all of the federal and state consumer credit laws. We specialize in the mortgage industry and have extensive experience in both the collection matters and home loans.Many credit repair companies are fraudulent and practice illegal credit repair methods. Any credit repair guarantying that they will fix. Paying off a debt will not increase your credit score very much. Negative credit items may stay on your credit report for at least seven years.
Under the Fair Credit Reporting Act, credit repair companies cannot do anything that you cannot do for yourself at little or no cost. You do not have to pay a credit repair company to learn what is in your file or to correct inaccurate or incomplete information. No one can legally remove accurate and timely negative information from a credit report but you can obtain a copy of your credit reports and also dispute mistakes or outdated items to a credit bureau.
How does this process affect your credit rating?
We can only speculate as to how creditors will respond to the process. In most cases, once payments cease, creditors do tend to report negative entries to a credit reporting agency. However, for those clients interested in reclaiming a good credit score, Kingdom Debt Solutions is proud to be partnered with one of the leading and most experienced credit repair companies in America which will allow you to reclaim a good credit standing.Not a chance! No credit repair company is so good that it can guarantee a specific outcome.
Why is a Law Firm better at repairing credit than a credit repair agency?
Law firms and credit repair agencies operate under different sets of government regulations. Because of increased consumer complaints in regards to disreputable credit repair agencies, the government has imposed strict regulations on credit repair agencies. Overall, these regulations are a positive step towards protecting consumers from disreputable credit repair companies; however, the regulations also restrict some of the service offerings of legitimate credit repair agencies.The FTC's concerns regarding credit repair agencies address the unethical individuals who have taken advantage of the rising demand of credit restoration by posing as credit repair companies on the Internet or via telemarketing, making promises they either couldn't keep or never intended to keep, and/or charging fees up-front and then vanishing after providing minimal and inadequate services - if any services at all.
WHAT SETS NCCS APART FROM OTHER COMPANIES THAT CLAIM TO DO CREDIT REPAIR?
Simple ? Our experience, our strong ethics, our implementation of technologies and our straight-forward billing structure.First it's a good idea to look beyond the advertising claims and look for experience and a track record that will give you the confidence in making a decision. Beware as there are many credit repair companies that prey on unsuspecting consumers, who actually achieve incredible results by deleting thousands of negative credit trade lines when statements are provided that are not totally true.
So, can credit repair companies really guarantee results?
Not a chance! No credit repair company is so good that it can guarantee a specific outcome. It would be like a defense lawyer guaranteeing that the jury will find his client innocent. Guarantees are a sure sign of credit repair fraud. A warranty, where the credit repair company promises a refund if certain results don't occur, is a better, more realistic claim.We would not advise that you get involved with so called 'credit repair' companies as they don't do anything that you can't do yourself.
What is the difference between your firm and a credit repair type company?
Some credit repair companies are legitimate, others aren't. Many charge outrageous fees and almost all restrict their business activities to credit repair which does nothing to educate the consumer on avoiding future credit mishaps. We are familiar with all of the federal and state consumer credit laws. We specialize in the mortgage industry and have extensive experience in both the collection matters and home loans.Many credit repair companies are fraudulent and practice illegal credit repair methods. Any credit repair guarantying that they will fix. Paying off a debt will not increase your credit score very much. Negative credit items may stay on your credit report for at least seven years.
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