What is Credit Repair?

Credit repair is a process whereby an organization or a firm seeks to correct incorrect and/or misleading information on your credit report. In addition to correcting incorrect or misleading information, credit repair also encompasses dealing directly with creditors to manage debt as it relates to your credit report and your credit score. The goal of this whole process is to ensure that negative entries on your credit report are reported as favorably as possible and to ensure that your credit score is as high as possible given the circumstances.

How long does it take to repair my credit?

It depends. Each credit report is different and each individual who hires RebornCredit to repair their credit reports and scores are unique. Sometimes issues can be addressed quickly, while, at other times, the process can be more intense. A general rule of thumb is that it will take approximately 6 months to 1 year before the process is complete.

How much will my score go up?

The amount your credit score will increase depends on a variety of different factors. Some of these factors include the extent to which negative entries on your credit report are removed, the willingness of creditors to negotiate and change the character of credit entries, and the use of good and practical methods of finance and debt management suggested by RebornCredit to continue increasing your credit score.

Can judgments be taken off of my credit?

Generally, judgments which are legitimate and are mature cannot be taken off your credit. There are, of course, some exceptions. For instance, judgments can be set aside if they are paid a short period of time after their entry. Or, a judgment can be removed from your credit if you did not receive proper notice.

What is a FICO score?

FICO is the acronym for the Fair Isaac Corporation, a private corporation creating the most-known and -widely used credit score model in the United States. The FICO Score is calculated statistically, with information from a borrower's credit files. FICO scores show the likelihood that a borrower will default on a loan or a credit obligation.

What is a charge-off and is it bad?

A "charge-off" occurs when a creditor elects to "write-off" the non-performing account as a business loss and no longer can rely on the account as a business asset.

Should I pay off all of my debt?

The time and manner in which you pay off your debt can affect your credit score.