The Anatomey of a Credit Sweep
Are credit sweeps legal?
A credit sweep is a type of credit restoration which is 100% legitimate and it works because it’s based on the law (FCRA). The Fair Credit Reporting Act gives you the option to question anything on your credit report. If it can’t be verified, it must be deleted. This is the premise of all credit restoration.
How Does a Credit Sweep Work?
We remove all the negative items in approximately 60 days (Equifax, Experian, Transunion) Charge-offs, Collections, Late payments, Foreclosures, Bankruptcies, Repos, Judgments, Evictions, Child Support, Tax Liens, Short Sales, Student Loans and Much More! Answered Your Questions? Get Started Today
We remove all negative items and keep on all the positive items. This program will have your personal credit profile as good as new in about 60 days.
We create a personal action plan for you that works directly with all three credit bureaus.
Our credit repair specialist go through continuous credit training. We constantly attend credit boot camps, seminars, webinars, and keep up to date with the various credit reporting and credit laws. We understand the process of credit repair, the stall tactics the bureaus use as well as the makeup of the FICO score.
We have a legal approach to credit repair. We constantly optimize our dispute letters to stay adjusted with the never-ending changes of our industry.
For our 60-day expedited process, we not only use the legal hand-crafted letters, but also access certain departments within the credit bureaus that few people know about which and streamlines the process.
**We can even add tradelines to your credit report to get you loans or to help you qualify to purchase a house (additional fee's may apply).
What Is The Main Difference Between Credit Restoration and a Credit Sweep?
- Our Proprietary Process
You will see deletions in approximately 45 days in both programs but Credit Restoration can take 6 – 9 months to complete!
Removing Negative Items Is The Fastest Way To Raise Your Credit.
Collections and Inquiries are the most harmful and common items on your credit report.
First, we should discuss inquiries. These are what appear on your credit report each time you apply for credit. Inquiries will stay on your credit report for as long as 2 years and can bring down your score by 3-7 points per inquiry. An excessive number of inquiries on your credit report within the last half year could get you denied for advances, charge cards, loans, and so on.
Collections appear on your credit report once you have neglected to make payments on an account for over a half year. When you have quit paying, the creditor tells the credit agencies and offers your debt to a debt collector. Not only do collections dramatically bring down your score, but even a single collection could prevent you from getting approved for credit.
How Much Are Negative Items Hurting My Credit Score?
Each inquiry on your credit report can bring down your score by up to 3-7 points, which can stack up quick. For instance, 5 to 10 inquiries on your report could be costing you out on 35 to 70 points from your credit score.
Collections, on the other hand, are even worse. A single collection could bring down your score by 50 to 100 points!
Is It Really Possible To Remove These Negative Items?
A little fact is that numerous organizations do a credit inquiry on your report without having legitimate assent. If so, at that point they are abusing a government law called the Fair Credit Reporting Act (FCRA).
Debt collectors are likewise limited by the FCRA. They must verify that you owe the debt, they must be legally licensed to collect on the debt, they must be properly be licensed to collect in your state, and the list goes on and on. Be that as it may, who ensures they are adhering to the law? You do!
As a consumer, you have the lawful option to question the legitimacy of any collection, inquiry, or record on your credit report. The debt collector or the company that placed an inquiry must give archived confirmation that they have followed every single pertinent law and guidelines. If they neglect to give this verification, the bureaus must, under the law remove the item from your report - thereby raising your credit score.
Are There Any Tricks to Making This Work?
Anybody can open a dispute online with the credit agencies, and it rarely ever works. The online system is intended to set you (the customer) up for failure. It's to be expected, as the bureaus are in the business of putting things ON your credit report, not removing things OFF your credit report. Don't Waste Any More Time, Get Started Today!
Mistakes on your report (for example, possibly mistaken or wrong collections or inquiries), require a physical letter requesting verification and testing the legitimacy of the collections and inquiries being referred to. If this verification does not happen within the allotted 30 days, the credit bureaus must delete those negative things from your credit report.