Credit Repair FAQ
Q: Why do I need help repairing my credit? Couldn’t I just do it myself?
A: There are many reasons why most people with damaged credit need help:
- Credit repair is complicated and frustrating.
- There are a lot of rules that many people aren’t aware of.
- The credit score you see is not the same one that lenders look at.
- The credit system is NOT designed to work in your favor.
Q: Shouldn’t I just pick my own credit repair service to work with?
A: Certainly not! Not all credit repair services are created equal. Here’s how picking the wrong credit repair service can hurt you:
- Many credit repair services can dry up and disappear while your in the process of working with them, leaving you to start all over with a new service.
- Some companies will charge a small consultation fee, but then when you sign on with them they make you pay a monthly fee for as long as it takes to get your credit fixed… whether that’s 6 months, 12 months, or more!
- Other companies will charge different amounts for different “levels” of service. This means that the service will work more aggressively towards getting you back to good credit health if you pay them more money. Very often this becomes an excuse to upsell you to a higher level of service when you’re not satisfied with the results you’re getting.
- Most companies focus entirely on removing or disputing negative items on your credit report, but do not help move you in the direction of establishing positive lines of credit even if they advise you to do so. Without proper guidance, you could possibly be using these lines of credit to your detriment.
- Many companies aren’t clear about the fact that they are focused on consumer pulled credit scores and not lender pulled scores. This means that you can see progress on your score only to find out that the actual scores the lenders see is not good enough to get you a loan.
Q: There are so many credit repair services out there. What should I look for in one?
A: Here are some very important factors to consider in a credit repair service:
- Are they reliable?
- Are they affordable?
- Do they focus on more than just removing negative items from your report?
- Do they help you establish positive lines of credit and teach you how to use them so they don’t hurt your score?
- Are they honed in on the right credit scoring scale?
- Is the program free from complication?
- Does the program have caps on their fees?
- Does the company have staying power?
This is just start of evaluating a potential company to help you on the road to credit recovery.
Q: OK! I’m overwhelmed. What do you recommend?
A: Fortunately, we have done all the hard work for you! We’ve done extensive research on credit repair services both local and national. We have weighed out the considerations mentioned above and we found that one company truly stands out from the others. This is why we recommend New Beginnings Consultant Company as your partner on the road to credit restoration.
Why New Beginnings Consultant Company?
Here are the main reasons that New Beginnings Consultant Company stand out from all other credit repair services:
- 640 FICO® score or your Money Back Guarantee – “If your FICO® score does not rise to a 640 or better while you are enrolled in our program, we refund your money, no questions asked.” Most of their clients get to 640 within 4 to 6 months…the key word being FICO® score.
- Primarily focused on qualifying for a mortgage, not just raising your credit score in general…they understand the difference between a “Lender Pull” and a “Consumer Pull”.
- Strong focus on not just eliminating negative credit, but building positive credit.
- Provide you with resources to build positive trade lines and TRAIN you how to use them for maximum boost to your score.
- Tons of FREE Credit Repair Information including education, practical advice and useful tools on a very user friendly site with direct links to valuable credit building resources.
- Have free WEEKLY Conference Calls where you can ask any credit question or just listen in and learn the latest information.
- Your fee is capped at either $700.00 if you pay for it all up front OR $796.00 if you pay in 4 monthly installments of $199.00 each.
- There is also a $200.00 discount for each additional family member enrolled.
Ask us how to get your payment to New Beginnings Consultant Company put towards the down payment on you new Rent-To-Own Home!