Speedy Credit Repair works on the “Pay As We Perform” platform. No setup fees or additional costs for credit review or consultation. You only pay as we perform!
Co-Signing For Another, Is It Wise? Understanding Financial and Emotional Risks
- April 25, 2024
- Posted by: Speedy Credit Repair
- Category: Credit Education
No CommentsThe age of credit history is only one of the 5 factors that influence your credit score. It accounts for up to 15% of your total score, but all every factor matters if you are after your optimum score.
I Received An Offer To Settle An Old Credit Collection For Less Than I Owe. Should I Accept?
- February 9, 2024
- Posted by: Speedy Credit Repair
- Category: FAQ
There are many things to consider when receiving these offers. Is the debt really yours? Does the company have the right to collect this money? How will it affect my credit report if I accept? How do I know they will honor the agreement? Please ask us before contacting these companies for a free analysis of the offer.
How Do I Know That My Information Is Safe With You?
- February 9, 2024
- Posted by: Speedy Credit Repair
- Category: FAQ
You are absolutely correct to be cautious of anyone you are sharing sensitive information with. We are registered and regulated by The Department of Justice, Office of The Attorney General. We can also be located on the website of The California Secretary of State website registry.
If I Pay All Of My Collections And Charged Off Accounts Will I Have Perfect Credit?
- February 9, 2024
- Posted by: Speedy Credit Repair
- Category: FAQ
Sadly, paying off collections or charged off items may actually harm your credit scores. I suggest speaking for free with one of our credit repair specialists who can explain some options, and when/if it is a good idea to pay one or more of these items.
How Many Different Credit Scores Are There?
- February 9, 2024
- Posted by: Speedy Credit Repair
- Category: FAQ
There are currently 28 versions of the FICO score. There are 10 for Experian, and 9 each for Equifax and Transunion. Each version uses all of the information contained on that bureau, but weighs the items differently depending on the purpose of the inquiry.
If One Credit Reporting Agency Deletes An Item, Will The Other Two Also Delete?
- February 9, 2024
- Posted by: Speedy Credit Repair
- Category: FAQ
The Credit Reporting Agencies (Experian, Equifax, and TransUnion) are privately owned businesses which are not dependent on each other for the data which they store or delete.
Will Closing Credit Cards Help My Credit Score?
- February 9, 2024
- Posted by: Speedy Credit Repair
- Category: FAQ
In most cases, No! Closing revolving lines of credit typically does the opposite. When you close revolving credit lines, you are reducing the available credit percentage from your profile.
Will I Build Credit By Using My Debit Card For Purchases?
- February 9, 2024
- Posted by: Speedy Credit Repair
- Category: FAQ
Not at all! This is completely false. Debit cards are just like writing checks from your bank account. They do not get reported to the credit reporting agencies unless you somehow overdraft them, and then only negative credit is reported.
Why Is My Credit Score Different Than The Score On Credit Karma?
- February 9, 2024
- Posted by: Speedy Credit Repair
- Category: FAQ
The “Free” credit scores that you see advertised on television and online are typically never those that are used in making retail or mortgage credit decisions.
How Long Can Negative Credit Info Remain On My Credit Report?
- February 9, 2024
- Posted by: Speedy Credit Repair
- Category: FAQ
There are time limits for how long negative credit can remain on the report. In reality, there is no “MUST”, and the creditor or the credit bureau can decide to have the negative credit items deleted whenever they please.
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“After my first month with Speedy Credit Repair my score went up over 120 points!! I was ecstatic! For the first time in over 13 years I had a score over 700!!”