Credit Repair in Fort Lauderdale

Healthy Credit Starts Here

Getting approved for most financing opportunities requires high credit scores. Excellent credit scores will also lead to lower interest rates, lower monthly payments, and lower loan delivery fees. A credit repair company, like My Credit Repair Clinic in Fort Lauderdale, FL, can help individuals remove the negative items that are hurting their credit reports.

No one can legally remove negative information from your credit report when it’s accurate and current, but you can take steps to fix those errors and improve your credit score. When the advantages and disadvantages of credit counseling and repair are weighed alongside one another, many individuals have had success rebuilding their credit using credit repair services.

You are allowed to dispute mistakes and outdated items on your credit report for free. The credit bureaus are responsible for correcting inaccurate and incomplete information in your report. It’s imperative to make sure the information in your report is accurate, complete, and up to date before you apply for a loan.

If you have concerns about the accuracy of your credit history, then you can review a free credit report and consider hiring a credit repair service to investigate the claims that are affecting your credit scores.

Credit Report

Credit reports provide information about whether you’re paying your bills on time and what loans, credit lines, and credit cards you have. They also provide information on how much you owe, if you’ve been sued or arrested, and whether or not you’ve filed for bankruptcy.

Credit bureaus take your credit history and sell it to creditors, insurers, employers, and other businesses that use it to make decisions about you. The more negative information in your credit report, the more trouble you’ll have getting a loan, and you may be required to higher interest. Some individuals have even lost their jobs due to a poor credit report.

Negative information will remain on your credit report for up to seven years, and bankruptcy information will remain for ten years. Unpaid judgments could stay on your report for seven years or until the statute of limitations runs out.

Equifax, Experian, and TransUnion, the three credit bureaus that provide your credit report and credit score, are required to provide you with a free copy of your credit report once every 12 months when you request it.

Each credit bureau gets its information from different sources, so the information in your reports may differ. Some credit repair professionals recommend pulling each credit report every four months to monitor the totality of information in your reports.

There are many federal and state laws that designate how credit repair services are to be administered, who can legally provide those services, and what they can charge. Our Fort Lauderdale, FL credit repair company has been successful in helping individuals clean up their credit scores. Continue reading below about credit repair services in Fort Lauderdale, FL.

Monthly Credit Repair

Just $199 first month and then $99/month for life!

$99

/month

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Credit Repair Company Fort Lauderdale, FL

Credit repair services help people to investigate errors in their credit history. A credit repair company won’t remove negative information that’s correct and current. You can do anything for yourself at little or no cost that a credit repair service can do. However, it’s up to debtors to decide what their time is worth.

Only time and a personal debt repayment plan can help you to improve your credit. That’s why some have deemed credit repair services to be so valuable because they allow you to invest more time and energy into other tasks while your service focuses on rebuilding your credit. Consider a free consultation if you feel credit repair is right for you.

Credit repair services help you to accomplish the desired boost in your credit score by helping you to remove the following inaccurate negative items:

Bankruptcies

Charge-Offs

Collections

Foreclosures

Late Payments

Repossessions

Tax Liens

Other Inaccuracies

According to federal regulations and Florida statutes, credit repair services can’t lie about what they can do for you or charge you before they help you. Credit repair companies also have to explain your legal rights in a written contract with details about the services they’ll perform. They also need to give you three days to cancel without any charges and provide you with a written cancellation form.

It’s also their responsibility, as your credit rebuilding service, to inform you how long it will take to get results, the total cost you’ll have to pay, and any guarantees they’re offering you or providing as a part of their services.

Credit Repair Scams

Credit repair services can not insist that you pay it before they’ve done any work or tell you not to contact the credit bureaus directly. If they do this, then you’re likely dealing with a scam. Credit repair scams often tell individuals to dispute accurate information, lie on their credit or loan applications, and avoid explaining their rights when telling you about the services they provide.

If you feel that the money you’ve invested into your credit repair company has been wasted because they did not provide the services they said they would, then you can sue them. You could sue the credit repair company in federal court for your losses or what you paid the company, depending on which is more.

You also could seek punitive damages because the company violated the law, and lastly, you could join others in a class-action suit against the company. If you have a problem with a credit repair company, you can report it to the Florida state attorney general.

About the Money

Credit Repair Costs in Fort Lauderdale

Credit Repair costs can be simple and affordable. Most Fort Lauderdale FL credit repair services are offered on a month-to-month basis, with an initial setup fee. The initial setup fee will vary but on average costs 100$ with 50-100$ of monthly maintenance costs. You have the freedom to cancel or suspend these services at any time, but some companies require notice.

Setup and First Month

$149

One Time Fee

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Professional

$99

/monthly

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Credit Repair Laws

The Federal Trade Commission (FTC) and the Florida Office of the Attorney General implement federal and state credit laws to protect your right to use credit. Credit repair laws were created to prevent fraud, protect users’ personal information, prevent identity theft, and help users accurately monitor their free credit reports and credit score.

The following laws do not guarantee that you will receive credit but require creditors and businesses to give you a fair shot at obtaining credit and resolving disputes:

The Credit Repair Organizations Act

The Credit Repair Organizations Act (CROA) requires credit repair organizations to give you a copy of your consumer rights before signing a contract. Under CROA, businesses are required to give you a written contract that spells out your rights and obligations, and they cannot require you to pay them until they have delivered the promised services.

The Fair Credit Reporting Act

The Fair Credit Reporting Act (FCRA) is a U.S. Federal Government legislation that promotes the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies.

The Equal Credit Opportunity Act

The Equal Credit Opportunity Act (ECOA) prevents creditors from discriminating against applicants on the basis of sex, race, color, marital status, religion, national origin, age, receipt of public assistance, or prior exercise of any rights under the Consumer Credit Protection Act.

The Fair Credit Billing Act

The Fair Credit Billing Act (FCBA) and Electronic Fund Transfer Act (EFTA) establish procedures for resolving mistakes on credit billing and electronic fund transfer account statements.

The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using unethical, deceitful, or brutal practices to collect debts. Some federal credit laws allow you to file claims against the offending business or organization.

Florida Credit Repair Statutes

State consumer protection laws include the Florida Deceptive and Unfair Trade Practices Act protect consumers from unfair, unconscionable deceptive acts in various types of transactions, including false or misleading advertisements and schemes. Florida statutes outline legal stipulations about how a Fort Lauderdale FL credit repair company can do business.

How To Fix Your Credit in Fort Lauderdale

It takes time, energy, effort, and money to improve your credit. You will rebuild your credit by paying your bills on time, paying off your high-interest debts while avoiding new debts. Reputable credit counseling organizations can help those in serious need of credit repair to make a plan.

The best credit repair counselors will spend their time discussing your entire financial situation with you, then coming up with a personalized plan to improve your credit score. Professional credit repair services won’t promise to fix all your problems. Neither will they ask you to pay a lot of money before doing anything.

A free consultation with a credit repair official can help you to eliminate the harmful effects of identity theft, remove negative items in your credit reports, and create a credit repair plan. At My Credit Repair Clinic, we will provide you with a full Credit Report Analysis, to help you understand your credit score.

My Credit Repair Clinic will collaborate with you to create a custom plan of action based on your needs. We can communicate on your behalf with the credit bureaus, creditors, and other collection agencies to correct errors and raise your credit score.