Q&A Archives - Credit Repair Washington DC https://wipeyourcreditclean.com/category/qa/ Credit Counseling Service Sun, 17 Nov 2019 14:02:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 194765470 Will paying off collections raise credit score? https://wipeyourcreditclean.com/will-paying-off-collections-raise-credit-score/?utm_source=rss&utm_medium=rss&utm_campaign=will-paying-off-collections-raise-credit-score Sun, 17 Nov 2019 14:01:57 +0000 http://wipeyourcreditclean.com/?p=89 Unfortunately, simply paying a collection account without getting it removed often won’t improve your credit scores. With few exceptions, as long as a collection account is listed on your credit reports, it’ll have a negative impact on your credit scores.

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]]> Unfortunately, simply paying a collection account without getting it removed often won’t improve your credit scores. With few exceptions, as long as a collection account is listed on your credit reports, it’ll have a negative impact on your credit scores.

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]]> 89 Can you have a 900 credit score? https://wipeyourcreditclean.com/can-you-have-a-900-credit-score/?utm_source=rss&utm_medium=rss&utm_campaign=can-you-have-a-900-credit-score Sun, 17 Nov 2019 14:01:42 +0000 http://wipeyourcreditclean.com/?p=88 A credit score of 900 is either not possible or not very relevant. The number you should really focus on is 800. On the standard 300-850 range used by FICO and VantageScore, a credit score of 800+ is considered “perfect.” That’s because higher scores won’t really save you any money.

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]]> A credit score of 900 is either not possible or not very relevant. The number you should really focus on is 800. On the standard 300-850 range used by FICO and VantageScore, a credit score of 800+ is considered “perfect.” That’s because higher scores won’t really save you any money.

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]]> 88 How do I remove old accounts from my credit report? https://wipeyourcreditclean.com/how-do-i-remove-old-accounts-from-my-credit-report/?utm_source=rss&utm_medium=rss&utm_campaign=how-do-i-remove-old-accounts-from-my-credit-report Sun, 17 Nov 2019 14:01:27 +0000 http://wipeyourcreditclean.com/?p=87 The credit bureaus will automatically delete the negative items from your credit report once they’re scheduled to be deleted. But, if old accounts are still on your credit report, you can use the dispute process to have them removed. Note that the credit reporting time limit applies to negative items.

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]]> The credit bureaus will automatically delete the negative items from your credit report once they’re scheduled to be deleted. But, if old accounts are still on your credit report, you can use the dispute process to have them removed. Note that the credit reporting time limit applies to negative items.

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]]> 87 Is credit repair worth the money? https://wipeyourcreditclean.com/is-credit-repair-worth-the-money-2/?utm_source=rss&utm_medium=rss&utm_campaign=is-credit-repair-worth-the-money-2 Sun, 17 Nov 2019 14:01:09 +0000 http://wipeyourcreditclean.com/?p=86 Some credit repair companies, however, are legal, legitimate, and helpful. If you have inaccurate information on your credit report, they may be able to remove it, saving you time and hassle. But unless your hourly income exceeds the fee that the credit repair company is charging, it’s probably not worth your money.

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]]> Some credit repair companies, however, are legal, legitimate, and helpful. If you have inaccurate information on your credit report, they may be able to remove it, saving you time and hassle. But unless your hourly income exceeds the fee that the credit repair company is charging, it’s probably not worth your money.

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]]> 86 Can I buy a house with a credit score of 550? https://wipeyourcreditclean.com/can-i-buy-a-house-with-a-credit-score-of-550/?utm_source=rss&utm_medium=rss&utm_campaign=can-i-buy-a-house-with-a-credit-score-of-550 Sun, 17 Nov 2019 14:00:54 +0000 http://wipeyourcreditclean.com/?p=85 Ask lenders if they originate loans insured by the Federal Housing Administration. FHA-backed loans are available to any borrower with a credit score of at least 500. If your score is 550, you can apply for an FHA loan that requires a down payment of 10 percent of your home’s purchase price.

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]]> Ask lenders if they originate loans insured by the Federal Housing Administration. FHA-backed loans are available to any borrower with a credit score of at least 500. If your score is 550, you can apply for an FHA loan that requires a down payment of 10 percent of your home’s purchase price.

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]]> 85 Can I hire a lawyer to fix my credit? https://wipeyourcreditclean.com/can-i-hire-a-lawyer-to-fix-my-credit/?utm_source=rss&utm_medium=rss&utm_campaign=can-i-hire-a-lawyer-to-fix-my-credit Sun, 17 Nov 2019 14:00:38 +0000 http://wipeyourcreditclean.com/?p=84 Most damaged credit can be fixed over time. In some cases, your best option is to hire a lawyer that specializes in credit repair.

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]]> Most damaged credit can be fixed over time. In some cases, your best option is to hire a lawyer that specializes in credit repair.

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]]> 84 How much does it cost to repair my credit? https://wipeyourcreditclean.com/how-much-does-it-cost-to-repair-my-credit-2/?utm_source=rss&utm_medium=rss&utm_campaign=how-much-does-it-cost-to-repair-my-credit-2 Sun, 17 Nov 2019 14:00:22 +0000 http://wipeyourcreditclean.com/?p=83 In addition to costing more money, bad credit limits your financial options and threatens your fiscal stability. If you’re looking to make a positive change, the time is now. At Creditrepair.com, our cost is $99.95 per month, plus a one-time charge of $14.99 to obtain your credit reports.

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]]> In addition to costing more money, bad credit limits your financial options and threatens your fiscal stability. If you’re looking to make a positive change, the time is now. At Creditrepair.com, our cost is $99.95 per month, plus a one-time charge of $14.99 to obtain your credit reports.

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]]> 83 Can hackers improve credit score? https://wipeyourcreditclean.com/can-hackers-improve-credit-score/?utm_source=rss&utm_medium=rss&utm_campaign=can-hackers-improve-credit-score Sun, 17 Nov 2019 14:00:09 +0000 http://wipeyourcreditclean.com/?p=82 Thanks for your question. No, hackers can not change credit scores without creating a major data breach with the three credit bureaus. However, hackers CAN steal your identity which can absolutely destroy your credit score.

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]]> Thanks for your question. No, hackers can not change credit scores without creating a major data breach with the three credit bureaus. However, hackers CAN steal your identity which can absolutely destroy your credit score.

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]]> 82 How do I get a collection removed? https://wipeyourcreditclean.com/how-do-i-get-a-collection-removed/?utm_source=rss&utm_medium=rss&utm_campaign=how-do-i-get-a-collection-removed Sun, 17 Nov 2019 13:59:58 +0000 http://wipeyourcreditclean.com/?p=81 Send the collector a letter stating your interest in paying the account. Offer to make payment if the collector agrees to remove the entry from your credit report. If the debt collector agrees, ask for a signed copy of the letter to you to seal the agreement. (Sample Pay for Delete Letter.)

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]]> Send the collector a letter stating your interest in paying the account. Offer to make payment if the collector agrees to remove the entry from your credit report. If the debt collector agrees, ask for a signed copy of the letter to you to seal the agreement. (Sample Pay for Delete Letter.)

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]]> 81 Should I pay off collections debt? https://wipeyourcreditclean.com/should-i-pay-off-collections-debt/?utm_source=rss&utm_medium=rss&utm_campaign=should-i-pay-off-collections-debt Sun, 17 Nov 2019 13:58:35 +0000 http://wipeyourcreditclean.com/?p=68 So whether or not you pay your collections off is really a personal decision. What FICO is saying here is that paying off a debt in collections won’t improve your score. One of the big three credit reporting agencies, Experian, agrees. … In short, paying debts in collection won’t influence your credit score.

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]]> So whether or not you pay your collections off is really a personal decision. What FICO is saying here is that paying off a debt in collections won’t improve your score. One of the big three credit reporting agencies, Experian, agrees. … In short, paying debts in collection won’t influence your credit score.

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