Questions:

1. What is a credit score?
2. How is a credit score calculated?
3. How does credit correction improve my credit score?
4. Is credit correction legal?
5. How long does credit correction take?
6. What guarantee does Better Life Credit Services offer?
7. Does removing/correcting a credit account eliminate the debt?
8. Which credit items can be corrected/removed?
9. Are there any up-front costs or additional fees?
10. Can I correct my own credit?
11. Are credit correction and debt consolidation/negotiation the same thing?
12. Do credit bureaus share information? Why are their reports different?
13. Are credit bureaus government agencies?

Answers

What is a credit score?
A credit score is a numerical ranking, typically between 400 and 800, which represents how likely you are to repay a loan on time and how likely a creditor will profit from you. Creditors use this number to draw conclusions about your credit worthiness and profitability in comparison with other consumers.

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How is a credit score calculated?
In simple terms, each item in your credit file is assigned a numeric value, positive or negative, based on several factors including loan type, age, and payment history. Your credit score is (mostly) the sum of the values of all items in your credit file. For example (completely fictitious):

Good standing Mortgage: +250pts
Good standing Auto Loan: +200pts
Good standing Auto Lease: +200pts
Good standing Credit card: +120pts
Late Student Loan: -100pts
Too many inquiries: -60pts

Credit Score (sum): 610pts

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How does credit correction improve my credit score?
Credit correction improves your credit score by legally eliminating or improving the status of derogatory credit items which lower your credit score. As derogatorily credit items are eliminated or improved, your credit score will increase; sometimes dramatically*.

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Is credit correction legal?
Absolutely! Credit correction is your legal right. Better Life Credit Services works to enforce the pre-litigation rights granted to you under federal and state law. Better Life Credit Services operates under the guidelines set forth in the Fair Credit Reporting Act, the Fair and Accurate Credit Transactions Act, the Fair Debt Collections Practices Act, and laws and opinions set forth by federal and state governments for credit services organizations where applicable.

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How long does credit correction take?
Credit damage doesn’t typically happen overnight and the same goes for correcting it. When dealing with 3rd parties (Credit bureaus, Creditors, Collectors, Etc.), the speed and timing will vary. In general, many Better Life Credit Services clients are loan-ready in 4-7 months. Some clients are loan ready in 90 days and few take 10-12+ months. The length of time depends largely on the amount of work and degree of difficulty. In all cases, clients will begin receiving updates from the credit bureaus in as little as two weeks.

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What guarantee does Better Life Credit Services offer?
BLCS will thoroughly review your credit report, financial standing, and credit goal(s) BEFORE any work is done. BLCS guarantees that every client will be satisfied with the results. In the event that expectations are not met, BLCS will refund 110% of all payments made in the first 90 days, excluding setup fee and a per corrected item fee, at any point while your account is being serviced.**

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Does removing/correcting a credit account eliminate the debt?
No. Removing/correcting a credit item on your credit report does not impact a debt. It is common for debts to be reported incorrectly by the holder and subsequently removed through credit correction. It is also common for debts to be wrongfully or mistakenly reported and then removed through credit correction.

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Which credit items can be corrected/removed?
Any credit item which is not 100% complete, accurate, truthful, current, and verifiable can be disputed. It is common to find multiple credit items on one’s credit report which fall into this category. Better Life Credit Services will not attempt to correct/change/remove any credit item which is known to be 100% complete, accurate, truthful, current, and verifiable.

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Are there any up-front costs or additional fees?
There are no up-front costs or additional (hidden) fees. All work is post-pay and pricing is clearly stated in writing.

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Can I correct my own credit?
Yes, you can correct your credit on your own. However, it’s unlikely that you will be pleased with the results. Self-credit correction is similar to self-representation in court. If you’re accused of a serious matter and you’re not a skilled attorney, is it a wise idea to represent yourself? The same goes for credit correction. There’s a tremendous learning curve and it can be very time consuming. We have honed our skill and completed thousands of case studies over the years. This is our passion, our specialty, and all we do!

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Are credit correction and debt consolidation/negotiation the same thing?
No. Credit correction involves correcting items on your credit report. Debt Consolidation/Negotiation involves negotiating with and paying your debt holders.  Debt consolidation/negotiation rarely improves your credit score.

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Do credit bureaus share information? Why are their reports different?
Credit bureaus [claim to] only share small amounts of information (alerts) as required by law. The remaining information they report and their investigations/decisions are independent.

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Are credit bureaus government agencies?
No. Credit bureaus are for profit companies. They profit from selling your personal information, credit history, and credit score. They are required to follow all laws and regulations set forth by various levels of government and receive no special treatment.

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* Some exceptions apply.
** Terms & Conditions apply. Contact us for complete details.