Credit Repair

­Having good credit is one of those things that you have which could be taken for granted. Are you looking to apply for different products with a financial institution? Then your credit history is one of the things that will pave the way for you. When you have outstanding bills and unpaid debts, it affects your credit and soon enough your good credit becomes bad, making it quite difficult for you to access loans, credit cards, mortgages and other products that are critical to your everyday life.

What is Credit Repair?

Credit repair refers to the process of improving a poor credit standing that could have resulted from any number of reasons such as late payments, bad debts and other things. Credit repair is sometimes as easy as correcting mistakes made by the agencies that provide the credit report such as Credit Karma. Other times, you may need credit repair help through no fault of yours like identity theft. In either case, if you have bad credit for any reason, then you should seek credit repair help.

Why do I need to fix my credit?

Credit repair isn’t just for people that are financially irresponsible or riddled with bad debts. There are many other reasons why an average American could need help with credit repair and we will be looking at some of the most common reasons why you may need help to fix your credit.

  • Errors on your credit report – Credit Bureaus such as TransUnion are the ones that hold all the data that agencies like Credit Karma who provide credit reports. These bureaus are sometimes victims of human errors where the wrong information is pooled for a person. Did you know that the FTC discovered in 2013 that 25% of Americans had wrong information on their credit reports? Yes! It’s that big of a problem and most times you may have a mistake that is so severe that it could cause a financial institution to deny you of whatever you may be applying for on grounds of poor credit! These errors can cause as much as a 100-point deduction from your credit score and leave you seeking credit repair help.


  • Identity Theft or Fraud – This is a situation where your personal information is compromised and used to take loans, credit cards and other financially sensitive activities. Given the rate of data compromise in the world, you can have your financial information illegally obtained from even your local grocery store. These fraud accounts opened using someone’s stolen identity can cause a serious damage to their credit score, needing them to seek credit repair relief.


  • Divorce – this is another major reason why most people need credit repair. A divorce can mandate you to split marital indebtedness in which case, a partner with bad debts can rope you into their situation without your consent. Lenders do not want to know whether you are divorced or not and when there are unpaid obligations, your credit standing will be affected. Same applies to joint accounts opened during the time of the relationship and other payments like credit cards and recurrent utility bills. Make sure you cancel all joint accounts and credit cards when exiting a relationship mutually or via divorce so that you can maintain financial control of your life.

How we provide you with Credit Repair Relief

At Solid Ground Financials, we have certified and competent Financial Counselors that are experts in personal financial planning, consumer credit and debt management. Once you contact us to help you fix your credit, we will sit with you and understand the broad overview of your financial situation after which we will identify all the ways on how to fix your credit. This may involve contacting the credit bureau to update your credit report and remove inquiries or could require making a customized plan to pay off existing debts for removal from your credit report.

How can Solid Ground Financials fix my credit, you may ask? Here’s how our Credit Repair Program helps to get your credit back to where it should be. Our program does the following

  • Remove inquiries or negative items from your credit file which will instantly increase your credit score and eligibility for financial products


  • Help you understand how the credit scoring system operates and how to ensure that your credit score is always in good standing. Credit repair is not a one-time thing and you can maintain your credit standing by knowing what things to do.


  • Assign a dedicated Personal Financial Counsellor to you who will work with you not only on how to fix your credit but also help with credit score.


  • Provide you with a credit restoration education to increase your credit score and keep you in good standing in the future. We fix credit and set you up to stay that way going forward.

Our Credit Repair Program Works

Fixing your credit is not a one-day job and requires a dedicated program that rehabilitates your credit history, working from the past into the present. Our program takes about 90 – 180 days to totally provide you credit repair help by fixing your credit and updating your credit score. We work by getting your entire credit history usually the last seven years of reporting for all your credit cards, loans and other activities reported on your credit history. Our counselors go through the details with a fine comb and help you find items to delete from your report. What happens when you delete items from my report, you may ask again? We fix credit and increase your credit score by as much as 200 points. We also help you to dispute all errors and wrong entries that could cause damage to your credit score. The next step is then helping you with an effective debt management plan and debt relief with any existing credit card, personal loan, student loan or other pending obligations that may prevent you from getting the credit repair help that you need.

Repair Your Credit Today

There’s no time like the present to fix your credit and increase your credit score. Solid Ground Financial provides you with a well-crafted credit repair program that will help you restructure your credit standing in as little as 90 days! Our services are guaranteed to increase your credit score by an average of 90 points and up to 200 points in some cases. We not only fix your credit, we also empower you with all the tools that you will need to ensure that your past mistakes are not repeated in the future.

Having a better credit score makes you more attractive to anybody that wants to give you a credit facility such as credit card providers, home equity services, auto loan lenders and mortgage companies. A good credit repair program will also save you money by making you eligible for lower interest rates and saving you from potential late payment penalties.

Take control of your credit today and let us help with credit score improvement and set you on your way to achieving your financial goals.

Call us today at (877) 785 – 7817 or fill out the short form at the bottom of this page for a free consultation by a certified financial counselor.

Credit Repair FAQ’s

What does the law say about repairing your credit?

What does the law say about repairing your credit?

As the credit bureaus computerized their processes and greatly expanded their reach and influence in the late 1960s and early 1970s, consumer complaints began to pile up at the FTC and state attorney generals’ offices. The credit reporting agencies quickly became huge bureaucracies second only in size to the federal government. Yet, the credit bureaus expressly served only the needs of their clients, the credit grantors.

Many consumers were negatively affected by the credit bureaus, but they had no way to correct or change their credit information. The American consumer lay completely at the mercy of the credit bureaus. The United States Congress enacted the Fair Credit Reporting Act (FCRA) in 1971 to insure that the credit bureaus investigate the credit items disputed by consumers. This federal law set procedural guidelines which gave the consumer the right to challenge the accuracy, validity, and verifiability of the credit listings appearing in their consumer credit report. It also required that the credit bureau repair any credit listing if it was inaccurate or could not be verified.

In theory, the FCRA charges the credit bureaus with responsibility to the consumer as well as the credit grantor. In reality, the credit bureaus resist, resent, and reject consumer disputes. The credit bureaus would rather be left alone to make a profit. And, each time a consumer challenges his credit, profit is lost.

The credit bureaus first defend their profits by erecting walls of stall tactics, including requests for more information, further clarification, and additional identification. The vast majority of consumers give up before they even receive copies of their credit reports. If a consumer manages to get a credit report, decipher the codified information, write a coherent dispute, and mail it, the bureaus may still find some reason to disregard the challenge. The entire dispute system is designed to frustrate and discourage the consumer.

Many consumers have the idea that the credit bureaus must complete their investigation within thirty days or be forced to remove all disputed information. They threaten to sue the credit bureaus if they don’t conclude their investigation in time and repair their credit. In practice, such thinking is delusional. Nobody forces the credit bureaus to do anything.

However, if you manage to submit a valid dispute letter, and the credit bureau investigates your dispute, the chances of success are good – whether or not the negative listings are accurate! Accuracy actually has little to do with the deletion of negative items. If a credit bureau cannot verify an item before completing its investigation, that item will be removed. Many creditor grantors are simply reluctant to take the time to verify the data. While the credit bureaus may be in the business of reporting credit histories, creditor grantors are not.

What is the truth about credit repair companies? Can they really do what they say they can do?

Many “credit repair” companies claim to remove negative credit with the flick of a wrist. Their advertisements make bold assertions and money back guarantees; “Bankruptcy, tax liens, judgments, . . . no problem!! One hundred percent guaranteed!! Credit report 100% cleared in 30 days!!” Can they really make such sweeping guarantees?

While some credit repair companies are outright frauds, others are not frauds and they use the dispute process to obtain impressive results. In fact, they delete thousands of negative credit listings every day – regardless of whether or not the listings are technically accurate. In truth, credit repair fraud is less common today than five years ago. Vigorous regulatory sweeps by state and federal regulators have cleared away most of the illegitimate (and some of the legitimate) credit repair companies.

Unfortunately, it’s risky to trust anyone to help you repair your credit. It is estimated that credit repair companies have bilked Americans out of more than fifty million dollars. The majority of credit repair companies were started by entrepreneurs with a penchant for marketing. Consumers have flocked to these “credit doctors” only to discover that their advertisements proved far more impressive than their results. Hiring a credit repair company is like playing Russian roulette. Many of them are effective and legitimate, but it is difficult to tell a rip-off from the real article.

Working within the credit bureau maze requires substantial background knowledge; knowledge it takes credit repair companies years to learn. In fact, U.S. District Court Judge J. Wexler entered the following legal opinion in the Federal Supplement. “Since allowing third parties to assist consumers will likely lead to the expedited correction of credit reports, it will further the purposes of the [Fair Credit Reporting] Acts.”

So, can credit repair companies really guarantee results?

Not a chance! No credit repair company is so good that it can guarantee a specific outcome. It would be like a defense lawyer guaranteeing that the jury will find his client innocent. Guarantees are a sure sign of credit repair fraud. A warranty, where the credit repair company promises a refund if certain results don’t occur, is a better, more realistic claim.

Not surprisingly, the credit bureaus have declared war against the credit repair companies and those selling instruction on how to do-it-yourself. The bureaus lambaste credit repair companies in the media and send anti-credit repair literature to anyone whom they suspect of using credit repair services. The bureaus unflinchingly deny that accurate information can be removed from a credit report.

The simple truth is that you don’t have to endure bad credit for seven to ten years. It is possible to repair your credit within a much shorter time.

However you decide to address your credit challenges, realize that regardless of what you may hear in the news media, thousands before you have sought help and repaired their credit. They can show you their homes, cars, and credit cards. Despite the newspaper articles, TV reports, and other credit bureau propaganda to the contrary, you can repair your credit.

How long can the credit bureaus would like to go to section in page keep a negative item on my credit report

On this issue, there is much confusion. Almost every so-called credit repair expert has a different opinion regarding the actual credit reporting period allowed by law.

Most negative listings may be kept on your credit report for a period of 7 years beginning on the date that you were last reported late before they repair themselves. This means that if you were late every month from March to August of 1995, that your date of last activity would be on August of 1995. In this case, the item would be due to repair itself on August of 2002. You don’t have to live with 7 years of Bad Credit!

There are several exceptions to the seven year rule. Bankruptcies may be reported for 10 years from the date that the bankruptcy was discharged. Liens and judgments may be reported for seven years or until the statute of limitations in that state (usually between seven and ten years) runs out, whichever is longer. However, credit bureaus usually keep these listings on the report for the seven year period regardless of the local statute of limitations, unless you repair them first.

The other interesting exception is in the case of a negative listing that has been sent to collections or has been charged off. The seven year limit begins 180 days after the last late payment before the account was charged off or sent to collections. In other words, if you didn’t pay a certain bill from January to March, and the creditor sent the account to collections in June, then the negative listing could remain on your report for 7 and 1/2 years from that last payment in March unless you repair your credit first.

How long do the credit bureaus have to respond to a dispute letter when credit repair is attempted?

Under the most recent version of the Fair Credit Reporting Act, the credit bureaus must complete a re-investigation within 30 days of receiving a dispute letter from the consumer.

However, the credit bureau still has the right to consider a dispute letter “frivolous and irrelevant” at their own discretion, if they feel that someone is attempting credit repair. While the credit bureaus are careful not to overuse this privilege, they may deem virtually any dispute frivolous or irrelevant without having to justify their decision or point to credit repair methods. Learn how to get the credit repair companies to take positive action on your dispute.

While the credit bureau is required to complete their reinvestigation in 30 days or less, the consumer has little recourse against them if they don’t. Many consumers assume that the credit bureau must repair all disputed credit if the investigation isn’t completed within the required time. This is not the case. The credit bureau may take as long as it likes to repair the credit. The only real recourse a consumer might have would be to gather a class-action lawsuit to penalize the bureau for taking too long. At Trans Union, for example, it is common practice to receive the credit repair dispute letter, take a week or two to process it, then send the consumer a letter saying that the reinvestigation will begin on the date that the credit repair dispute was finally processed. This often gives them a total of six weeks from the date of receipt of the dispute to complete the reinvestigation.

How does a person's credit score affect their credit?

Your Credit Score is used by anyone loaning you money. Credit card companies, home equity lenders, auto loan lenders and finance companies all use a model created by Fair, Isaac and Co, the San Rafael, California company that pioneered credit scoring 40 years ago and dominates the field today. This score is most often known as FICO and serves as a snapshot of your credit history. A low score can raise the price of your loan and a very low score can mean denial of your loan completely. Here are the approximate percentages that determine your FICO Score.

  • Payment history (35%). The largest factor determined on your FICO score is your basic payment history. The number of unpaid bills you have, any bills sent to collection, bankruptcies etc… The more recent the problem, the lower your score.
  • Outstanding Debt (30%). Are your cards maxed out? High balances or more precisely, balances that are close to your credit limit can negatively affect your score. Keep your balances below 30%.
  • Length of your credit history (15%). How long have your accounts been open? The longer, the better.
  • Recent inquiries (10%). Every time you apply for credit of any kind, you create an inquiry on your credit report. Lots of Inquiries negatively affect your score.
  • Types of credit in use (10%).Current loans from finance companies. How many and how much.

Your score will range between 300 and 870. The higher the better. As your score increases, your credit risk decreases. Exact numbers differ by lending institution but the average high approval score is 680 or above. Often times your score is taken from all three credit reporting companies and the middle score or average score is used.

Depending on the lending institution, your score can cost you. Some lenders will charge a higher interest rate if your score is below 600.

When you apply for credit your score does not come directly from FICO. Instead each bureau has its own version of the rating system with its own name.

Equifax is called Beacon
Trans Union is Empirica
Experian is Experian/Fair Isaac

A credit score of 680 or above can save you money, especially for home loans. If you are considering a significant loan you will want to be sure to check your credit reports first. If negative items appear on your report you have two choices. Live with it for 7 to 10 years or dispute these items. For more detailed information on repairing bad credit click here.


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