FAQ —

FAQ's

How do I get started?

To get started, sign up with us online using the free consultation form. Provide your contact information to schedule an appointment or to sign up. We can also be reached by email and by phone.

What is Credit?

Credit refers to the ability to borrow money or obtain goods or services with the understanding that payment will be made in the future. It is a financial arrangement where a lender or creditor extends funds to a borrower, who agrees to repay the borrowed amount along with any applicable interest or
fees within a specified timeframe.

Why is credit important?

Lenders use your credit score to determine whether they are willing to loan you money and, in many cases, what interest rate you will be charged. The higher your score, the less risky you appear as a borrower and the more likely you are to receive approval for new accounts and to receive a favorable interest rate.

Can credit restoration remove accurate negative items from my credit report?

Credit restoration focuses on addressing inaccuracies, errors, and outdated information on your credit reports. Legitimate negative items that are accurate cannot be removed through credit repair.

Will credit restoration guarantee an improved credit score?

Credit restoration does not provide a guarantee. The goal of credit repair is to address inaccuracies, errors, and outdated information and to improve financial literacy to help you adopt better financial habits to improve your credit profile.

How long does credit restoration take?

The duration of credit restoration can vary depending on the specific credit situation. Some clients may see improvements within a few months, while others may require more time depending on multiple factors. Factors such as, the complexity of the credit issues, your financial goals, number of credit disputes needed, poor financial habits and the responsiveness of the credit bureaus and creditors.

Can I repair my credit on my own?

Yes, it is possible to repair your credit on your own. However, the credit repair process can be complex and time-consuming. It requires a good understanding of credit laws, the ability to navigate the dispute process, and the diligence to follow up with credit bureaus and creditors. That is why FRC
is here to help you.

Is credit repair legal?

Yes, credit repair is legal. The Fair Credit Reporting Act (FCRA) protects consumers rights to dispute inaccurate information on their credit reports. Additionally, credit repair is legal in the United States with specific regulatory requirements by state.

How are credit scores calculated?

FICO credit scores are calculated based on the following five key factors:

• 35% - Payment History: Positive and negative information.

• 30% - Debt: Amount of debt owed, credit utilization, the number and type of accounts you have?

• 15% - Length Of Credit History: How long have you had credit?

• 10% - Credit Diversity: The different types of credit or credit mix displays credit experience (i.e., revolving, installment and open).

• 10% - Inquiries (Hard): When creditor check your credit report based on a request for credit.