Educating you how to buy used cars online by

Repairing your bad credit report                                                  

Q & A About Credit Repair and the Ability to Buy Used Cars Online

Q. Who will remove items from my credit report?

A. Only the credit reporting agencies have the power to remove items from your credit report. But, as required by law, the credit reporting agencies must correct or remove inaccurate, erroneous, or obsolete information.

Q. How can I add positive data to my credit report?

A. Since the Fair Credit Reporting Act does not require creditors to report information about you, many do not. That means positive information may not be reported. As long as the positive information is verified, it can be added to your credit report.

Q. How long does the restoration process take?

A. It may take 3 to 12 months due to the credit reporting agencies' continuing mistakes and delaying tactics.

Q. Should I apply for credit while in the restoration process?

A. Do not apply for credit during the restoration period. Each time you apply for credit, an inquiry is recorded on your record and too many inquiries can be a cause for denial of credit.

Q. Are credit reports all the same?

A. No. Each of the three credit reporting agencies' reports looks different and may not contain the same information. The companies maintain their own databases and do not often share information.

Q Do the credit reporting agencies own the information on your credit report?

A. No. But, you do not own the information either. It is owned by the individual merchant or creditor who put it there.

Q. Does paying a past due debt remove the debt from your credit report?

A. Paying an old debt does not erase the fact that at one time you were not paying it as you agreed, but it is possible to update your payment history.

Q. How will I know the results following the credit reporting agencies review of my file?

A. You will be the first to know because the credit reporting agencies will write directly to you.

Q. Once a Credit Reporting Agency has removed an item from a customer's credit report, can it be reinserted?

A. Credit reporting agencies are often reinserting items that they have previously removed from a consumer's credit report. According to the FCRA, one of the requirements for reinsertion of items is that a consumer must be notified within five days when an item is reinserted. Most consumers are not made aware when these items are reinserted at all, let alone in five days. That's one of the benefits to our customers when signing up for our service for a year. They find out when items are reinserted, and then we can have the credit reporting agencies verify that the item is in fact accurate, and that they followed the FCRA requirements for reinsertion.

Q. How is the service provided by UworkUdrive and National Credit Education & Review for consumer dispute resolution different or better than the current processes being offered by the various Credit Reporting Agencies?

A. The best analogy that we can offer is, if you have a tax problem, would you call the IRS or would you find and hire a qualified tax accountant? Most people do not have the time or the resources to fully understand the FCRA, nor do they want to. We ensure that our customers have received the proper protection offered them through the FCRA. The credit reporting agencies are advocates for their customers, financial and lending institutions, which by itself is not a bad thing. We are advocates for our customers, and their consumer rights.

Q. How would a mortgage broker feel, knowing that a major derogatory item, like a bankruptcy, foreclosure, etc., has been removed from a credit file, just because it could be, and yet not disclosed to the lender?

A. Whenever we are asked, our answer to our customers is that they must disclose everything. Remember, when our customers complete our service, they are able to provide a more accurate credit profile, not an incomplete profile. Keep in mind that the FCRA was originally conceived, written, and ultimately signed into law for a reason: to provide consumers rights under the law, to protect them from inaccurate, erroneous, and obsolete information provided by credit reporting agencies.

It is our goal to have the credit reporting agencies provide the most accurate credit profile of a consumer applying for credit, to enable lenders to make the best decisions, and that is the service we provide to our customers. There seems to be a "myth" about our credit repair services - which we are trying to "hide" derogatory items for customers, or artificially make someone's credit report look better. All we do is work with the credit reporting agencies to abide by the law. If every credit reporting agency completely abided by the FCRA, then National Credit Education & Review wouldn't be growing at such an astonishing rate. Perhaps there should be some discussions on how credit reporting agencies can better comply with the FCRA. This would do more to further the goal of more accurate credit reporting than trying to substantiate the myths about the services we provide.

Repairing your bad credit report and restoring your ability to buy used cars online!