Let Us Answer Some of Our Most
Frequently Asked Questions
The credit bureaus are obligated to follow the credit reporting laws and therefore, they must properly handle credit disputes. This includes completing a proper investigation and responding in a timely fashion. They must complete their dispute investigation within 30 days.
Never dispute your credit electronically online!! To learn why disputing online is a really bad idea – see the next question: “Should I Dispute Online?”
If you have obtained a copy of your credit report through Annual Credit Report, the credit bureaus have 45 days to complete their investigation rather than 30 days.
Therefore, you should generally receive the results of their investigation within 30-45 days.
While it may appear convenient to process a dispute electronically online….it is NOT in the best interest of YOU the consumer.
Make no mistake about it – online disputing is far more to the credit bureaus advantage than it is yours.
The credit bureaus will make it easy for you to dispute online but remember this….there is a good reason. They are not just being nice to you.
The dispute process is one of the biggest (if not THE biggest) expenses for the credit bureaus. It is a neccesary and very expensive process mandated by federal law. Remember, the FCRA (Fair Credit Reporting Act) states that the credit bureaus must complete a reasonable investigation within a reasonable timeframe. So, to save money, time, and to cut expenses….the credit bureaus encourage consumers to dispute online because it is cheaper and faster than any other dispute method for them.
Yes. You can cancel our services at anytime for any reason. We work for you only as long as YOU want us too. It is up to you how long we work for you – not us. There are no cancellation or termination fees.
On average, our past clients have chosen to purchase 5-6 separate months of our services.
Every consumer’s credit is different and when unverifiable negative information is disputed, the responses from the credit bureaus and creditors can vary. On average, our past clients have chosen to subscribe for 5-6 months of services but ultimately it is up to you how long you wish to subscribe to our services. You are never locked into a minimum number of months. You can cancel at any time without any cancellation penalties or fees.
Credit disputing and the credit repair process does NOT eliminate a legal obligation you may have to pay a debt. One of the most important aspects of having good credit is paying your bills on time. Just because your credit report reads that you owe a debt does not necessarily mean that you have a legal obligation to what that information is stating.
The Federal Trade Commission reports that 78% of all consumers credit report contain errors.
Conversely, it also does not mean that you do not owe a debt if the information is not contained in your report.
ICS will never recommend that you do not pay a legitimate debt however, there is information you should be sure to consider and how making a payment could have an impact on your credit report and scores.
If you believe you are one of the 78% of all consumers which the FTC states have errors on their credit reports, then credit repair may be for you. Remember, credit repair does not eliminate your legal obligations to your debt and you should always pay your bills on time. If you can not afford to pay your current bills on time, then credit repair may not be for you.
How Can I Recognize Credit Repair Scams?
There are a lot of credit repair scams out there. Illinois Credit Services does not participate in illegal or unethical credit repair practices.
You should be aware of any person or company suggesting any of the following:
- Credit Sweeping – that they can delete accurate information
- Get you a new identity
- or require upfront payment before their services are completed
All of these are illegal and you should avoid doing business with any company or person suggesting such things.
Remember credit repair is legal and we are a legal, ethical and registered credit repair organization.
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- Late Payments,
- Civil Judgments,
- Incorrect Balances,
- Employment Information.
Credit repair does not eliminate your obligation to pay legitimate debts. Credit repair is the process of working toward repairing inaccurate, unverifiable, or obsolete information. If you owe a legitimate and legal debt but it is deleted from your credit report for any reason, you will still owe the debt.