Credit Repair Frequently Asked Questions

What is credit repair?

Credit repair is a federally regulated law that allows you the consumer the right to dispute any negative items listed on your credit report that are inaccurate, out dated, unverifiable, or misleading, and to have those items removed from your credit reports.

Do I need to hire a lawyer to perform credit repair?

No. While your right to fair and accurate credit is a federal law, you do not need an attorney or even a paralegal to uphold you right to fair credit.

If I don’t need a lawyer, is credit repair legal?

Absolutely. Under the Fair Credit Reporting Act is it your right as an American consumer to have an accurate account of your credit history, and should anything be listed as inaccurate, you maintain the right to dispute these items should they be tarnishing your credit scores. Whether you dispute these items yourself, or use professionals such as Prime Credit Experts, it is a 100% legal practice. Click here to read more on the Fair Credit Reporting Act and Credit Repair Organizations Act.

If there are laws regulating credit repair, how will I know if I’m being scammed?

It is because of those lawful regulations that you can somewhat easily differentiate between a credit repair scam, and a legitimate credit repair company. Prime Credit Experts, for example, is in full compliance with the laws that protect your rights as consumers, as well as the laws regulating credit repair companies/organizations. Click here for more information on how to avoid credit repair scams.

How is my credit score created?

The three credit bureaus, Experian, Equifax and TransUnion (also known as credit reporting agencies, or CRAs) have specific criteria and algorithms that calculate your credit score based on the criteria set forth by that bureau. Find more information on the elements of your credit score here.

Are the credit bureaus regulated by the government?

Yes. Like credit repair organizations, the three credit bureaus must also comply with any and all laws such as the Fair Credit Reporting Act. They are not, however, agencies of the government, but as American businesses, they must comply with federal laws as any company is required.

What information will show up on my credit report?

Personal information to identify that you, are you; your personal credit history, any inquiries made on your credit reports, and any public records, if any. For more detailed information on what is contained on your credit reports, click here.

Can I get my credit reports for free?

Yes. Under the FACT Act within the Fair Credit Reporting Act, you are entitled to one free credit report from each of the three credit bureaus, every year. This report however, will not include your actual credit scores.  Click here to request information on how you can get your complete credit history and your credit scores.

Will pulling my credit reports harm my credit score?

It depends. If you receive credit reports through a mortgage company, these are typically “hard inquiries”, which will take a few points off of your credit score. The credit reports we pull here at Prime Credit Experts are just as extensive as credit reports pulled through a lender, with one major difference: our credit report inquiries are “soft”, in that they will not harm your score, but only show up in the inquiries section of your reports.

Click Here to Request your All-Inclusive Credit History and your FREE, in-depth Credit Analysis with a Certified Analyst