Credit Repair Services

Credit repair is the process of removing any questionable negative items from your credit. This process could potentially improve your credit score. Credit repair is typically carried out by a credit repair company or organization for a fee.  Our fee is  $99 per month for 6 months, or a one time fee of $499.00.  You will be eligible for a $500 Gift Card upon closing of next property.

AMERICAN FINANCIAL REAL ESTATE company will work to help you understand your credit report and dispute any inaccuracies with credit bureaus and other creditors on your behalf.

While you can repair your credit on your own, navigating the process could become difficult and extremely frustrating, if you have multiple errors on your report. 

When you fail to pay a bill on time, it will appear as a late payment on your credit reports. Creditors will send this notation to the bureaus after 30 days and it will worsen every 30 days after if it has not been paid (30 days, 60 days, and 90 days). Late payments can typically stay on your reports for seven years.

This is when your account is written off as a loss by your creditor and handed to collection agencies. This typically will happen after the maximum late payments are recorded. Charge-offs can typically stay on your report for up to seven years.

After your debt has been written off, it will typically land in third party debt collection agencies. Often, these charges can show up on your report as both collections and charge-offs for up to seven years.

A bankruptcy is typically among the more damaging negative items on a credit report. They can typically stay on a report for up to 7-10 years.

After a borrower misses enough mortgage payments, the lender may take over the property in a foreclosure. Foreclosure is also among the more damaging negative items.

Similar to a foreclosure, a repossession is a loss of property on a secured loan. The lender takes back the collateral property and auctions it off to recuperate losses. This includes voluntary repossessions.

An inquiry is when a company requests to check your credit. A soft inquiry (usually for personal use) does not affect your credit, while a hard inquiry (usually when applying for a loan) is a more in-depth check and typically affects your score negatively.

Credit repair is a multistep process that focuses on auditing your credit report and finding and disputing errors. Here are the basic steps we take to repair your credit:

1. Credit report analysis
   We obtain your credit report and create a plan targeting the questionable negative items affecting your credit score.
2. Credit disputing
   Our team will send the appropriate correspondence to dispute and challenge the inaccurate negative items on your behalf.
3. Dispute escalating
   For negative items requiring additional correspondence, we keep the process going and ensure your credit is represented in a fair, accurate and substantiated manner.
4. Credit score analysis and recommendations
   We will meet with you monthly to review results and progress.

Key takeaway: Credit repair is the process of fixing and restoring poor credit and can be done on your own or with the help of a credit repair company.

Credit repair is useful when your poor credit score is preventing you from qualifying for a mortgage, car loan or any other qualifying line of credit. When you have a low credit score, you’re often hit with higher interest rates and finance charges. Repairing your credit can help you qualify for a competitive rate while lowering the amount of interest you’ll end up paying over time.

The good news is bad credit doesn’t have to follow you for life. Taking the needed steps to repair your credit and maintain healthy financial habits can help restore your poor credit.