As we have said already, we are not the only honest, ethical, moral, and effective credit restoration company in business today. Likewise, we are not out to slander or argue the ineffectiveness of other companies. We prefer to stand on our own merits and judge our results by what we know, not speculation about others in the industry. We know what works for our clients, and to be perfectly honest, we are not concerned about what other companies do, or do not do, or what they can, or cannot, accomplish.
No matter what many companies want you to believe, the credit restoration process is not a terribly difficult one. The process, for the most part, revolves around initiating disputes with each of the three credit bureaus – Equifax, Experian, and Trans Union. Virtually every credit restoration company does this same thing, at some level. The primary difference between these companies is how they each submit the disputes, respond, and follow up. You have no doubt heard different theories about how to dispute items, how many, what timeframe, how often, and perhaps other factors as well. To help you better understand how this all works, here is a breakdown of how we do things at Calvary:
Step One – We talk to you about your goals, what you are trying to accomplish, and evaluate your overall credit situation.
Step Two – If we determine that you are a good candidate for our program, we complete a very simple enrollment process and set up your credit file.
Step Three – We process your first round of disputes to all three bureaus. This initial round identifies any and all negative information on your report and requests that each of the bureaus investigate the items to determine if they are, in fact, legitimate and reporting accurately. We do not claim fraud or identity theft in an attempt to falsely have them removed. The often overlooked beauty of the process is that we do not necessarily have to prove the item is not yours, rather the creditor has the burden to prove that it is accurate and reporting properly.
Step Four – The creditors have 30 days to investigate and respond to the bureaus, who will then update you directly on the results of the process. If the creditors fail to properly respond to the bureaus, for any reason, then that item is permanently deleted from your credit file. The result of that deletion is an immediate increase in your credit score.
Step Five – We re-dispute any items on your report that were not deleted in the first round. The Fair Credit Reporting Act (FCRA) states very clearly that you have the right to do this, and we take full advantage of the rights afforded to you by that law. In this step, we come at the process from a slightly different angle so as not to simply regurgitate the exact same dispute, which will oftentimes lead to the bureaus not investigating effectively.
Step Six – At this point, we escalate our disputes to not simply require the bureaus to investigate whether an item is reporting accurately, but also to review the process by which the creditor allegedly verified the item. Once again, any mess up or deviation from the established procedures set out by FCRA will result in the item’s prompt deletion.
Step Seven – Much like Step Five, we re-dispute the verification method to ensure that it was conducted properly and fairly.
Step Eight – At this point in the process, the overwhelming majority of our clients have seen a significant percentage of items deleted from their report, which corresponds to a jump in their credit scores. Depending on the number of items remaining on your report, your dedicated credit specialist has a few options on where to take your account at that point. If there are many items remaining, your specialist may start the process again with the bureaus. If there are only a few items left, your specialist may recommend that we stop the dispute process with the bureaus, and instead, pursue disputes directly with the creditors. This increases the burden on the creditor, requiring more time and expense to properly respond. Finally, if your scores and accounts are where they need to be for you to move forward with your goal, then your credit specialist may suggest ending the process altogether.