Frequently Asked Questions

The world of credit can be a confusing one for consumers. Managing credit ratings and understanding the best ways to maintain a high credit score can take years to master, which is why so many consumers turn to experts to get a fresh credit score. These professionals know the best strategies to improve and repair your credit. Here are answers to some of the most commonly asked questions about credit repair.

What is YourFreshCredit.com?

YourFreshCredit.com is a service many consumers use to help repair their credit reports. For a nominal fee, the specialists at YourFreshCredit.com will work as a third party to try to fix errors in your credit report. Correspondence will be drafted on your behalf, and the specialists will work with each of the credit-reporting agencies to ensure that errors are eliminated and your credit score is returned to its proper place. This process eliminates many of the hassles consumers face when they try to fix their credit reports alone.

How do I know if there's a mistake on my credit report?

All consumers should check their credit report at least once a year, through all three major credit bureaus - Equifax, TransUnion and Experian. There is a chance that you could have a mistake on one, or all three, and each will have to be notified of the mistake. Carefully review each report and look over every part. Is your name spelled correctly? Do you see any accounts that look unfamiliar? Are there accounts listed open that should be marked as closed? Notify the bureaus of any error you spot - if you fail to check your credit report or fail to notify the bureaus in the event of a mistake, your credit score could suffer.

Why is my credit score important?

Your credit score is one of the biggest factors related to how much money you can borrow, whether you're approved for loans, and the interest rates associated to your credit cards. If you have a good credit score - above 700 - chances are good that you'll be approved for loans and that borrowing money will be a fairly simple process. But if you have a low credit score, you will may encounter extreme difficulties in processing loans and other money-related applications. You will pay higher interest rates and may not be eligible for preferred programs. Simply put, if you have a low credit score, it means that banks question your ability to repay what you borrow.

I have bad credit. Am I going to face problems for life?

Absolutely not! While you credit can adversely affect you now, you can rehabilitate your credit. Generally, negative items such as defaulted accounts or other issues will leave your credit report seven years after they have been resolved. So, if you begin to practice smart borrowing and spending habits, in tie your credit will begin to improve. Make sure to pay your bills on time and always keep track of your debts; this will help you stay on budget and increase your credit score gradually over time.