Testimonial
At Consumer Leverage, we take pride in delivering real, measurable results for our clients. Our proven strategies have helped individuals and families regain financial confidence, improve their credit profiles, and unlock new financial opportunities. Here are some of the results our clients have achieved:
Unfortunately, paying off collections or charged-off items may actually harm your credit scores because it re-ages old debts and the accounts are derogatory, so paid or unpaid, they are derogatory.
Believe it or not, many collectors and creditors can not prove their reporting is accurate or that you owe the debt in the first place. They have insurance which covers their “loss It only benefits you when these derogatory accounts are challenged for deletion.
And, your time, attention, and money is better invested in building a new foundation. There are very specific credit accounts that you can establish, which guarantee your approval despite the reporting of derogatory accounts.
Beyond adding new positive credit, consumers benefit greatly from an experienced, knowledgeable professional to carry out the dispute process on their behalf. Again, credit repair is legal and ethical. Bureaus discourage consumers because they/creditors benefit from consumers who suffer with low scores and credit profiles. Those with bad credit pay at least 10x more for the same product or service than those with good/great credit scores.
In most cases, No.
Closing revolving lines of credit typically hurts scores because most people carry high balances month to month, so their utilization or credit usage is high.
Utilization controls 30% of our credit scores, so we want to show as little usage as possible by paying down or paying off balances before the billing cycle closes, before the statement is issued.
By closing a credit card, you then lose that “available credit, credit + payment history.
Another reason it usually hurts your scores is because most people do not have a sufficient number of credit lines + mix of credit in the first place, so when a credit line is closed in these two specific examples, scores suffer.
Revolving credit payment history, the average age of revolving credit, and utilization percentages are responsible for over 65% of your credit scores.
If you are paying fees on a credit line and wish not to, it is important to stragetize so that when you do close the account, you are sure your utilization will not increase, which makes your scores decrease, and that you have enough supporting, active lines of credit reporting before you close that account.
Great question!
Creditors and collectors pay 1, 2, or 3 of the big bureaus Transunion, Experian, and Equifax to report. At any time a creditor/collector may spontaneously remove negative information.
Just the same, they may report to your credit.
It’s important to understand each of these companies stands alone.
Some bureaus report more or less information than another, another explanation for varying credit scores.
Their responses to disputes also differ, which is why we call this journey a “process.”
Fair Credit Reporting Act (FCRA) was enacted to hold creditors liable for the information they report, and how they report it. This set of laws is also what makes credit repair legal and ethical.
Even if you owed a debt in the past, it does not mean the creditor is accurately reporting every aspect of reporting to each bureau. By law, they must report each account 100% accurately; correct it, or delete it from your credit file.
The FCRA, which mandates that most negative items must be deleted from the credit report in no more than 7 years from the date of the last activity (DOLA).
Has the debt past the statute of limitation? You may now live in a state that has an SOL of 6 years, but the original debt was accrued in a state where the SOL is 4 years, therefore, they can not reasonably sue you, and if they tried, raising this one argument would dismiss the case.
Can they prove you owe the debt? Do they have a contract bearing your signature?
Are they making promises to delete the item, but unwilling to first mail an agreement in writing stating that?
Never, ever call and confirm any of your personal information. They typically do not have your full information and ask you to “verify” so they can fill in the gaps. Furthermore, the debt can be a phantom debt you paid in the past, or never owed. Beyond that, it may be well past the SOL and the 7-year mark and the collector may be violating your rights under the Fair Credit Reporting Act and or Fair Debt Collection Practices Act.
Please ask us before contacting these companies for a free analysis of the offer.
Never blindly jump to pay a collection account because of a settlement offer because there are many factors to consider, including but not limited to;
Is this collector reporting to your credit reports? (And, if they are, this does not mean you are legally liable to pay)
Through our services, 93% of our clients see their credit score increase 10 points or more in the first 35 days. Over the full 180-day term of the contract, the average credit score increase is 80 points. See full statistical breakdown
There are two sides to the credit score battle. Sometimes, the creditors and the credit bureaus have done absolutely everything right and we have no case against them. On average, clients are able to remove 70% of the negative items from a credit report.
We will guide you through the process from start to finish and prepare all your documents for you. We have a superb knowledge of credit scoring and experience working with creditors and credit bureaus. It may be difficult for an individual to communicate with creditors and bureaus without an adept understanding of their techniques and regulations in place for credit reporting. We have spent a great deal of time learning the laws that will help you to remove negative information on your report, which enables us to offer you a flawless, money back guarantee system.
Items cannot come back as long as the item is current or paid at the time of removal or if the collection is older than three years. This holds true except in very rare circumstances.
With our assistance and document processing, our clients have had great success with bankruptcies, foreclosures, collections, charge-offs, repossessions, medical bills, credit card debt, inquiries, late payments, old addresses, judgments, tax liens and student loans.
Results are not guaranteed! No credit company can guarantee results or a specific outcome. It is a direct violation of the Credit Repair Organizations Act. We can share the awesome results our customers have received in our program and allow you to make a decision for yourself
You are entitled to a 100% refund on all monthly payments if :
(Clients should receive updated credit reports every 15-45 days. It is the client’s responsibility to make us aware if updated reports have not been received)
Contrary to what credit bureaus want you to believe, credit training does work in most circumstances. But it only works if you are getting the best advice from an experienced professional. Anyone with a credit score below 720 can benefit long-term from the advice and information provided through credit education. However, there are limiting factors that will prevent us from helping you. Two main factors are: (1) your financial situation and/or (2) the time frame in which you need to reach your results. It is possible to remove anything from a credit report, even accurate items. For instance, if the creditor makes mistakes or does not adhere to the specific time frame, the negative item may be removed.
Yes, credit training is legal and our credit education and document processing services will help you to use the law in your favor. That law is called “The Fair Credit Reporting Act.” The FCRA gives you the right to dispute any item on your credit report. If that item cannot be verified within a reasonable time (usually 30 days) it must be removed. Studies have shown that 79% of all credit reports contain errors. This is nearly 8 out of 10 reports. Therefore most credit reports improve immediately. For items that disputed that are not errors, a creditor or furnisher is often unable to find the records or signed documents within the allotted time and the item gets removed. Sometimes the furnisher will say it has been verified by not offer proof. It is our job to prepare documents that challenge this and we are very skilled at that
