Credit is when you receive money, a good or a service, and you agree to pay for it in the future—usually with added interest. Nowadays, we use credit to buy lots of things, from houses and cars to groceries and clothing.

Your credit score is a 3-digit number on a scale of 300 to 850 that suggests how creditworthy you are—meaning, how good you are with credit and how much you can be trusted to pay back what you borrow. Potential lenders will use this number to decide what kinds of credit cards and loans to offer you. Generally, the higher the score, the better the offers.

There are a few different types of scores, but the two best-known are your FICO Score and your Vantage Score. They’re calculated based on the information that shows up on your credit report.

In general, credit repair takes about three to six months to resolve all of the disputes that the average consumer needs to make. Of course, if you only have a few mistakes to correct or you repair your credit every year, it may not take as long; you might be done in just over one month. On the other hand, if you’ve never corrected your credit and have a large volume of things to dispute, it may take longer. 

We review your credit report find incorrect information and we make you a list.

The list will include all;

• inaccurate,

• misrepresented,

• invalid,

• unverifiable,

• outdated,

• errors

• incomplete items on your credit report,

while we request all the information allowed to the extent of 15 U.S.C § 1681b €. The numbers that I just shared are what makes it possible for me to do my job. We will write the main 3 credit bureaus on a 45-day basis, all letters are mailed to your home address, you will have an update prior to us evening knowing. You do not need to make in appointment to ask us for an update as the mail is sent to you alone. After results are mailed to you, we will update your (Credit Monitoring Service) and process a new set of letters.

Below are the benefits that are included in our VIP Program at Touch by Faith Financial Operations LLC.

• Every 6 months (Bi-annual) we will help ensure and maintain all your personal information is minimized with TransUnion, Experian as well as Equifax.

• We also upload / fax to 5 additional locations in additional to Transunion, Equifax and Experian.

• Program requires an active membership in the program with valid Credit Monitoring services each month and sign up for auto draft through ACH.

• It also includes an intensive process where we mail to Transunion, Experian, and Equifax. In addition to that highly effective approach, we also upload to Experian to improve our results in case the staff has been reduce because of COVID.

• The 3rd approach is we fax when systems are functioning. The credit bureaus have been known to stop faxes from time to time so we will attempt it however it is the least reliable at times. 

Payment history is a major factor in credit scoring. If you have paid bills late, have collections or a bankruptcy, these events won't reflect well in your credit score.

Generally speaking, the longer your history of holding accounts is, the more trusted you will be as a borrower.

800 and Higher (Excellent) With a credit score in this range no lender will ever disapprove your loan application. Additionally, the APR (Annual Percentage Rate) on your credit cards will be the lowest possible. You'll be treated like royalty. Achieving this excellent credit rating not only requires financial knowledge and discipline, but also a good credit history. Generally speaking, to achieve this excellent rating you must also use a substantial amount of credit on an ongoing monthly basis and always repay it ahead of time. 

700 - 799 (Very Good) 27% of the United States population belongs to this credit score range. With this credit score range, you will enjoy good rates and be approved for nearly any type of credit loan or personal loan, whether unsecured or secured. 

680 - 699 (Good) This range is the average credit score. In this range, approvals are practically guaranteed but the interest rates might be marginally higher. If you're thinking about a long-term loan such as a mortgage, try working to increase your credit score higher than 720 and you will be rewarded for your efforts; your long-term savings will be noticeable. 

620 - 679 (OK or Fair) Depending on what kind of loan or credit you are applying for and your credit history, you might find that the rates you are quoted aren't best. That doesn't mean that you won't be approved but, certain restrictions will apply to the loan's terms. 

580 - 619 (Poor) With a poor credit rating you can still get an unsecured personal loan and even a mortgage, but the terms and interest rates won't be very appealing. You'll be required to pay more over a longer period of time because of the high-interest rates. 

500 - 579 (Bad) With a score in this range you can get a loan but nothing even close to what you expect it to be. Some people with bad credit apply for loans to consolidate debt in search of a fresh start. However, if you decide to do that proceed cautiously. With a 500-credit score, you need to make sure that you don't default on payments, or you'll be making your situation worse and might head towards bankruptcy, which is not what you want. 

499 and Lower (Very Bad) If this is your score range you need serious assistance with how you handle your credit. You're making too many credit blunders and they will only get worse if you don't take positive action. If you are thinking of a loan (which won't be easy), the rates will be very high and the terms will be very strict. We recommend that you fix your credit first before applying for a loan.

Your credit scores may vary depending on where you get your credit reports because different

sources have different methods for determining your score and how they schedule updates.

Maintaining one (1) credit monitoring account will give us a baseline score as a point of

reference to grow and to accurately see changes as they happen. For this reason, you must

keep your same credit monitoring account active, rather than checking your scores on multiple

sites that will differ

1. Stop applying for credit (Each time you do it lowers your scores.) 

2. Do not close any accounts (This also lowers your score.)

3. Pay your credit cards down to below 25% of the available credit line. This will make a huge positive impact on your credit score. 

4. Never spend more than 25% of the available credit line, even if you pay the balance off in full each month. 

5. Pay your bills on time! One missed payment will lower your score dramatically and undo all the work we are doing. 

6. Keep your credit monitoring account active throughout the credit repair process, so we can see the changes to your accounts and scores. Your score won't suffer if you're ordering your own reports. Be sure to let us know your login details to the credit monitoring account. You can add those to your client portal.

7. Most importantly, We'll be sending many letters to the bureaus. Be sure to open all of your mail and forward the replies here to us. This can be as simple as taking a photo with your phone and uploading it to your portal (or attaching it to an email).

Your credit can be brought down a lot faster than it can be brought up, so it might help to review these things that can hurt your credit:

- Not paying bills on time

- Filing for bankruptcy or foreclosure

- Applying for too many credit accounts

- Carrying high balances on your credit cards

- Ignoring questionable negative items on your report

There are five main contributors to your credit score–payment history, amount of debt, length of credit history, credit mix and new credit. Managing your credit wisely by paying your bills on time, paying debt down and maintaining your current accounts could improve your score.

Beyond these five factors, your credit could contain negative items that are unfair or inaccurate, which can stay on your reports for up to seven to 10 years. If you don't want to wait that long, you can try repairing your credit.

We often refer to credit scores as a single number, but that’s not actually the case. Each of the three credit bureaus gives you a customized credit score based on the information on your credit report, and you have a FICO® Score as well.

The three main credit bureaus are Equifax, Experian and TransUnion. When lenders want to see your credit report, they will request it from one or more of these reporting agencies.

Your report and score can differ from bureau to bureau because they don’t always have the same information, so we recommend you check each report separately to confirm that everything is on the up-and-up.

In addition to the three main bureaus, there secondary bureaus such as Lexis Nexis who supply the reporting agencies with information about you. 

Essentially, a credit bureau is a company that tracks your ability to pay. They collect information relating to your financial habits, then make this information available to lending institutions and credit card companies. There are three credit bureaus–Equifax, TransUnion and Experian.

No, your credit score is just one piece of your credit report. Your credit report also includes identifying information, trade lines, credit history, credit inquiries, public records, collections and other late payment information.

There are five main factors to your credit score–payment history, credit usage, credit age, credit mix and recent credit. Your payment history is the biggest contributor on the list and can be directly affected by credit repair.

Your credit report contains things like your identifying information, trade lines, credit limits, account names, credit history, credit inquiries, public records, collections, late payment information, and of course, and your credit score.

There are many factors that go into being approved for a mortgage, but you'll need at least a score of 620 to be approved for a traditional home loan.

The minimum accepted score for a car loan will depend on the amount of money being requested, but some lenders will approve scores as low as 500–assuming you don't mind paying extra money in interest.

The minimum accepted score for a car loan will depend on the amount of money being requested, but some lenders will approve scores as low as 500–assuming you don't mind paying extra money in interest.

Your credit report is generally only looked at by those who are considering loaning you money, like a bank, car dealership or credit card issuer.

Your FICO® Score is a three-digit number determined by the information on your credit report. While FICO® doesn't collect the data themselves, it's their algorithm that determines your score. Considering their score is used in 90% of all lending decisions, it's very helpful to know where you stand.

Credit repair is the process of addressing any questionable negative items that could be hurting your credit profile. If the bureaus and your creditors can’t verify these items are fair and accurate, they are required to remove them. 

The law entitles you to an accurate, fair and substantiated credit profile. If something on your credit isn’t right, you can correct or repair it with the credit bureaus and your creditors.

Legally, we can’t guarantee anything. But we can promise to help you work to address any unfair or inaccurate negative items hurting your credit profile.

Touch by Faith Financial Operations LLC offers several service levels to match your particular needs. Some of these are even free. 

Absolutely. You just need to contact the bureaus and your creditors to address any errors on your credit. That being said, this process is time consuming and confusing. Working with a reputable credit repair company like Touch by Faith Financial Operations LLC can help you remove these items from your reports quickly and efficiently. Call us at 1-844-453-6359 to get started. Really want to try it yourself? Join our mailing list and get a copy of our do-it yourself kit at no cost. 

Think of credit repair like an investment. A little effort today could save you thousands of dollars (and a headache) tomorrow. We offer a variety of service levels to support every budget. Give us a call today and we’ll help you find the right service for your unique circumstance. 

Of course. You have a right to a fair, accurate and substantiated credit profile. Credit repair is simply one of the ways to help you get there. All Credit Repair Organizations adhere to the Credit Repair Organization Act (CROA) which prohibits untrue or misleading representations and requires certain affirmative disclosures in the offering or sale of "credit repair" services.

Anything inaccurate, unfair, or unverified can be challenged with the bureaus and your creditors. This includes collections, late payments, charge-offs, liens, bankruptcies, repossessions and more.

Anything in your credit history that could lower your score is a negative item. Things like collections, late payments, charge-offs, liens, bankruptcies, repossessions and more. Especially if these negative items came as a result of identity theft, divorce, medical debt, student debt or military leave, you may be able to remove them through credit repair.

No, but it might feel like it. Most negative items will fall off your report after seven years, though it could take as long as 10. If you’d rather not wait that long, credit repair is a great alternative.

Yes, your creditors may report an item again, even after it’s been removed or deleted. That’s why it’s important to contact both the credit bureaus and your creditors. Once the items or removed or even before, consider paying the balance or settling for a lower amount. This will increase the likelihood that inaccurate or unfair negative items will not reappear on your credit. Remember, credit repair only removes the negative item, depending on the statue of limitations, you may still be legally responsible for repaying the debt. 

According to CreditCards.com and CNNMoney, even a single negative item on your credit could cost you over 100 points.

Negative Item Credit Score Decrease

Late Payment Up to 110 points

Debt Settlement Up to 125 points

Foreclosure Up to 160 points

Bankruptcy Up to 240 points

Collection Up to 110 points

Hard Inquiry Up to 15 points

Sources:

• https://blog.equifax.com/credit/can-one-late-payment-affect-my-credit-score/ 

• https://money.cnn.com/2010/04/22/real_estate/foreclosure_credit_score/ 

• https://www.creditcards.com/credit-card-news/fico-credit-score-points-mistakes-1270.php 

According to CreditCards.com and CNNMoney, even a single negative item on your credit could cost you over 100 points.

Negative Item Credit Score Decrease

Late Payment Up to 110 points

Debt Settlement Up to 125 points

Foreclosure Up to 160 points

Bankruptcy Up to 240 points

Collection Up to 110 points

Hard Inquiry Up to 15 points

Sources:

• https://blog.equifax.com/credit/can-one-late-payment-affect-my-credit-score/ 

• https://money.cnn.com/2010/04/22/real_estate/foreclosure_credit_score/ 

• https://www.creditcards.com/credit-card-news/fico-credit-score-points-mistakes-1270.php 

Yes, but not in the way that you think. While filing for divorce won’t hurt your score, some of the symptoms of divorce could create credit problems. For example, in the aftermath, it may be unclear who is responsible to pay a debt, and payments may be missed. These missed or late payments could adversely impact your score.

Yes. When someone uses your name to obtain credit, that trade line, and any missed payments or collections associated with it, will show up on your credit reports. Even after you’ve recovered your identity, these issues could still be lurking on your credit report. Credit repair is essential to identity theft restoration.

Yes, past-due medical bills can affect your credit. The good news is, there are laws to protect against certain practices in medical debt reporting. The best thing would be to contact the facility and work out a payment plan before your account is sent to collections. In the unfortunate event that you are sent to collections, schedule an appointment with one of our Credit Score Improvement Specialist.

Only if you default on them. Paying your student loans back on time will benefit your score. Alternatively, missing these payments can cause some significant damage to your credit profile. If you have defaulted on your student loans, consider a rehabilitation program to get back on track. If you haven’t defaulted yet, contact your loan provider to see options available to you. The problem starts only if you do nothing. 

Our average client uses our services for six months, so the sooner the better. Especially if you have plans to buy a home or car soon, getting started today can save you a big headache tomorrow.

Absolutely not. Even after a questionable negative item is removed from your credit, the actual debt is still owed (assuming it was valid to begin with). If you don’t pay the debt, the creditor or collection agency may re-report the listing. Removing a negative item without addressing the debt is only a temporary solution. In fact, if you feel a negative credit listing is 100% accurate, timely and verifiable, we recommend you don’t dispute it.

Unless the collection is being falsely attributed to you, you are legally responsible to pay it. The collection is likely already hurting your credit score and leaving it unpaid will only make the damage worse.

If the debt is one that you do not owe, our service levels offer debt validation procedures that can help you get the collection removed from your credit profile. Before paying a debt that is in collection, it is always best to obtain a Pay-To-Delete Agreement which will ensure the removal of the negative item once the debt is repaid. Otherwise, you could pay the collection and the item remains on your credit report. A paid collection is still a collection.

You might think so, but unfortunately it does not. When you pay an old debt, the negative credit item doesn’t disappear, but is typically listed as a paid delinquency, charge-off or collection. If your goal is to repair your credit, just paying off your debts won’t get you there. Once your credit is repaired, you will need to ensure to pay your bills on time to keep the cycle from repeating. 

For the most part, no. That being said, be wary of any company that provides guarantees of results, or charges you up-front for credit repair services. Not only is that illegal, but it is also a red flag that something suspicious may be going on.

Touch by Faith Financial Operations LLC offers several products at varying prices. While we can’t guarantee better results, our more expensive service offer additional methods of communications which may help you reach your credit goals sooner.

We’ll stop your service. We won’t delete your account, but unfortunately, we can’t provide our services for free. If you can’t afford your current service level, however, we are more than happy to work with you to provide a different product more suited to your needs and budget. Also, remember that credit repair is something that you can do on your own though it may take longer to obtain the desired results. Join our mailing list and get a copy of our do-it yourself kit at no cost.