-- What
are the advantages of using Allstate Credit Advisors ? --
While there are many companies who brand
themselves as credit repair organizations, most of them
lack the breath of experience and expertise necessary to
adequately represent your dispute efforts. Some of the
specific advantages of using Allstate Credit Advisors are:
We can dispute claims directly with creditors.
We enforce your rights under the various federal and
state credit laws.
On your behalf we can demand a creditor address and
settle debts.
We research and keep current our knowledge of consumer
laws and their changes, interpretations, and
applicability of those laws.
We govern ourselves according to the rules and
principles of professional conduct
-- How
much does bad credit cost? --
The cost of credit repair is small compared to
the cost of living with bad credit.
Below are a few examples of the cost of bad credit.
If you are making vehicle payments, you are most likely
paying between $4,000 and $10,000 more over the course
of the loan just for having credit score issues. This
added interest shows up every month in a higher payment.
Example:
Car Loan
$23,000
Vehicle Financed for 5 Years
|
Credit Status |
Rate |
Payment |
Interest Paid |
|
High Credit Score |
3% |
$413 |
$1,796 |
|
Slightly Damaged |
9% |
$477 |
$5,646 |
|
Damaged |
18% |
$584 |
$12,042 |
Home Loan
Damaged credit on a vehicle
is nothing compared to the effect of damaged credit on a
home loan. A typical home can cost between $180,000 and
$300,000 more in interest of the 30 year loan, if you
are buying the home with damaged credit. Example:
$120,000 home
paid over 30 years:
|
Credit Status |
Rate |
Payment |
Interest Paid |
|
High Credit Score |
7% |
$798 |
$167,410 |
|
Slightly Damaged |
9% |
$966 |
$227,596 |
|
Damaged |
13% |
$1,327 |
$357,878 |
$190,000 home
paid over 30 years:
|
Credit Status |
Rate |
Payment |
Interest Paid |
|
High Credit Score |
7% |
$1,264 |
$265,066 |
|
Slightly Damaged |
9% |
$1,529 |
$360,361 |
|
Damaged |
13% |
$2,1202 |
$566,640 |
Credit Cards
Usually you will not be unable to get an unsecured
credit card with damaged credit. The accounts you may be
approved for will typically have higher rates and low
limits. Save interest fees by repairing your credit
TODAY
-- How
long have you been doing credit report repair? --
Allstate Credit Advisors has a staff with over 10 years of
experience which has been repairing people's credit by
challenging the credit reporting companies and the
methods they use to blacken the credit of thousands of
Americans. Using lawyers, accountants, underwriters,
bankers and repair specialists, Allstate Credit Advisors
demystifies the experience of credit repair. We employ
innovative solutions and adhere to the laws and
regulations that govern the credit reporting industry.
-- How
do you restore bad credit? --
Once we've received your credit reports, we
will analyze your credit history to identify items that
are responsible for bringing your credit score down.
Then we will draft letters to dispute these negative
items on your behalf. Although we encourage consumers to
dispute their own credit if they have the time and
knowledge to do so it is important to note that,
according to federal law, the credit bureaus can ignore
your dispute under a variety of conditions. In our
experience, a large part of dispute letters sent
directly from consumers are rejected for one reason or
another. Allstate Credit Advisors letters are expertly
designed such that credit bureaus will accept the
dispute and conduct an investigation.
A disputed credit listing must be verified as accurate
for it to remain on the credit report. If the credit
listing contains an error, the credit bureau may simply
correct the item. Quite often they are unable to verify
because the creditor no longer possesses the necessary
information or they do not put forth the effort to
verify it. Furthermore, the investigation must be
completed within 30 days or the listing must be removed.
For these reasons, properly disputed credit listings are
removed from your credit report with remarkable
frequency.
At the conclusion of the credit bureau's investigation,
a new copy of the credit report is sent to you along
with any deletions or improvements. You then provide us
with a copy of the new credit report and the cycle
repeats itself at strategic intervals.
Each time an investigation is initiated, the odds of
receiving a particular deletion increases.
-- How
long does it take? --
Everyone wants you to see results immediately. Although
everyone's credit history is different, most people will
see progress within the first 45 days of our service.
The majority of time is spent waiting for the credit
bureaus to respond to requests. We take great effort in
getting our disputes to the bureaus as fast as possible.
As a reference, the average person with 7-10 inaccurate,
misleading or obsolete items on each credit report
should be prepared for a 3-4 month commitment.
-- Do
you guarantee results? --
By law, no company can guarantee that they can have
items removed from your credit reports, but we stand
behind our services and, if you feel you do not see
results, we will evaluate your account and you will
receive a portion of your money back if appropriate
progress with your case has not been made. Please refer
to our Terms of Use and
Warranty for more
details.
-- What
if removed items reappear? --
This happens occasionally either by accident or a
creditor has eventually verified a particular item. This
is what is known as a 'soft delete'. The FCRA (Fair
Credit Reporting Agency) has made it much more difficult
for a creditor to replace an item once it has been
removed. Allstate Credit Advisors will re-challenge the item
with the full force of the prior removal in our favor.
-- Is
this legal? --
Yes, you are given the right under the Fair Credit
Reporting Act (FCRA), including the right to challenge
inaccurate, misleading and obsolete items appearing on
your credit report. Allstate Credit Advisors uses every venue
available to you under the law to help you assert these
rights.
Disputing items on your credit report is your legal
right (see the Fair Credit Reporting Act). When you use
Allstate Credit Advisors to help repair your credit, we are
abiding by and using all federal and regional laws
regulating third party credit repair assistance
-- What
is a credit score? --
A credit score is a numerical ranking system that
lenders use to determine how much of a credit risk you
are. A credit score is a numeric indication of how
likely you are to repay debts such as loans or lines of
credit. Lenders use this number to determine how much of
a credit risk you are.
Credit scores also are designed to indicate your
creditworthiness in comparison with other consumers.
Credit scores are based on the data in your credit
report and are generated by computers using artificial
intelligence. Usually a credit score is between the
numbers 300 to 900. The higher your score, the more
"creditworthy" you are to lenders
-- What
is my credit score based on? --
Credit scoring is based on many factors that may
include:
Amount of available credit
Payment history
Recent requests for credit
Amount of credit currently being used
Length of credit history
Under the Equal Credit Opportunity Act, credit scoring
may not use gender, marital status, national origin,
race, or religion as factors.
-- How
can bad credit be deleted? --
Negative credit listings are deleted from peoples'
credit reports each and every day!
Allstate Credit Advisors is hard at work every day challenging
damaging and questionable credit entries on behalf of
its clients. Utilizing proven and absolutely legal
methods, Allstate Credit Advisors is a professional
organization working for you and your credit.
-- Why
do I need to pay my bills? --
When we delete a negative credit report listing, the
actual debt remains. You still owe the same amount of
money that you owed to begin with. If you don't pay the
debt, the creditor or collection agency could always
report the item again. So removing the listing without
addressing the debt is only a temporary solution
