FAQ's
Is it legal to repair my credit using Crediper?
Yes, credit repair is legal and works because it use the Federal law and the Fair Credit Reporting Act (FCRA) to have negative items removed from your credit reports. The Fair Credit Reporting Act (FCRA) gives you the right to dispute any item that are negative, inaccurate, misleading, incomplete or unverifiable on your credit report. If an item cannot be verified (usually within 30 days) then, it must be removed!
Can this software help me after a bankruptcy or judgments?
Yes, you can dispute bankruptcies and judgments. Crediper Do-It-Yourself Credit Repair Software does exactly what a credit repair company, a mortgage broker or a lawyer would do by creating letters (writing by lawyers) that place the burden of proof on the credit bureaus to delete any negative, inaccurate, misleading, incomplete or unverifiable items from your credit reports.
Can this software help me after late payments?
Yes, you can dispute late payments or anything else that appears on your credit report. Crediper Do-It-Yourself Credit Repair Software does exactly what a credit repair company, a mortgage broker or a lawyer would do by creating letters (writing by lawyers) that place the burden of proof on the credit bureaus to delete any negative, inaccurate, misleading, incomplete or unverifiable items from your credit reports.
How can I repair my bad credit legally?
It is your right and responsibility to assure the accuracy of the items on your credit reports. If information recorded on your credit reports does not correctly, then you have the right to request that information to be removed from your credit reports. The Fair Credit Reporting Act (FCRA), Fair Credit Billing Act (FCBA) and the Fair Debt Collections Practices Act (FDCPA) offer you the legal right to dispute inaccurate items on your credit reports with the credit bureaus and your individual creditors.
The most popular method for restoring bad credit is the credit bureau dispute. Because of the Fair Credit Reporting Act, you have the right to dispute and delete any items on your credit report that you feel are inaccurate, misleading, incomplete or unverified.
When you dispute a questionable negative credit item with the credit bureaus, you are demanding that they perform an investigation to determine whether or not the item should be listed on your credit reports. If the credit bureau cannot verify the accuracy of the item, then they are required to correct or completely delete it from your credit report.
Crediper Do-It-Yourself Credit Repair Software has the tools and instruction to help you effectively address every credit problem you can possibly have…
How does Crediper Software can repair my bad credit?
Crediper Do-It-Yourself Credit Repair Software does exactly what a credit repair company, a mortgage broker or a lawyer would do… it disputing the inaccurate, misleading, incomplete or unverifiable negative items from the credit reports.
How long it take to repair my credit?
The credit bureaus have 30 days to respond to your dispute, so you will start seeing results in one month, especially if there are many items your are disputing.
What separates Crediper Do-It-Yourself Credit Repair Software from the competition?
Our software, our customer service and our free trial offer. Crediper software reflects the latest Federal law and the Fair Credit Reporting Act (FCRA). Crediper software using letters writing by lawyers, and it was developed for credit repair companies, experts, professionals, mortgage brokers, bankers and lawyers and now it’s available for consumers like you.
Do you offer Technical Support with Crediper Do-It-Yourself Credit Repair Software?
Yes, we offer unlimited email support for the first 30 days. You can also use our online help desk, support forum and knowledge base where you can find answers to your questions instantly. We also offer paid unlimited phone and email support by calling 1-800-977-3470.
How can Credit Repair actually work?
The three credit bureaus; Equifax, Experian and Trans-Union are required to respond to inquiries from you on any items that are negative, inaccurate, misleading, incomplete or unverifiable on your credit report. If they fail to respond within a reasonable amount of time (usually 30 days) then those items must get DELETED.
Does paying my old debt will fix my credit?
No, the credit reporting system just doesn't work that way… when you pay an old debt, the negative credit listing doesn't disappear. You still need to work to restore your credit, and Crediper software can help you.
Do I need to pay my bills after it removed from my credit report?
Yes, removing a negative listing without addressing the debt is only a temporary solution. Your debt will remain the same even if the account is deleted from your credit report. If you don't pay the debt, the creditor or a collection agency may re-report the listing back to your credit report, and then you will have to disputer it again (we recommend that you only dispute credit listings that you indicate are inaccurate, misleading, incomplete or unverifiable).
How does the refund policy work?
Our refund policy is simple: we will offer you 14 days free trial, so you don’t have to buy it first and then refund it… if you don’t like our software, simply do nothing and it will stop working after 14 days. Much easier then any other refund policy on earth!
What kind of items can be removed from my credit report?
With Crediper you can remove negative items, such as: Collections, Late Payments, Charge Offs, Liens, Bankruptcies, Repossessions, Foreclosures, Judgments, Civil Claim and Other Negatives…
Does having a better Credit Score really save me money?
Yes, the impact of a good credit score is huge. If your score went from 600 to 750, you could easily save few hundred dollars a month because of the difference in interest rates on your mortgage, credit cards, auto loans, personal loans or other loans. Improving your credit can save you hundreds of thousands of dollars over the years. Improving your credit score is the best place to start your financial freedom.
Is it possible for deleted items to reappear on my credit report?
From time to time a negative listing that was recently deleted may eventually be verified and may reappear on your credit report again. The Fair Credit Reporting Act requires that the credit bureau inform you before they repost it. The FCRA also makes it more difficult for credit bureaus to repost your negative item; therefore it is not common for listings to come back on once they've been deleted. And if any negative will repost again, you can challenge the listing again and have it remove once again.
Why do I need Crediper Do-It-Yourself Credit Repair Software?
The Crediper software takes you through step by step to prevent you from making mistakes, and it use letters that was writing by lawyers. The Software will also track your progress and keep your finances organized.
Does it remove negative credit Items that are accurate?
Most credit reports contain errors that lower your score, and this explains why when you order your credit reports, all three reports always have different data.
You can dispute any negative items based on inconsistencies… for example: if it shows you were 90 days late on a payment and you claim that you were not, then the credit bureaus will have to validate it or remove it.
What are the additional costs I will incur?
None, the software has NO monthly fees, UNLIMITED access, UNLIMITED disputes and UNLIMITED usage.
How many points can credit be raised by using Crediper software?
That all depends upon your credit situation and everyone's is different, however you can raise your credit score by 100 points or more and most people see positive results within 30 days.
Are there ongoing (or monthly) fees?
No. This is “end user” software to install on your computer and not a web based subscription service. There are no monthly or ongoing fees and you will get UNLIMITED access, UNLIMITED disputes and UNLIMITED usage.
Do I get a free credit reports with the software?
No, however you’re entitled to free credit reports once a year from annualcreditreport.com or there are many other websites that offer free credit report trial such as: annualcreditreport.com, creditkeeper.com, truecredit.com and checkcredittotal.com
Can Crediper software be run over a network?
No, this is end-user software to install and run on only one window base computer.
Will Crediper software allow me to do the disputes online?
No, and it is better to dispute by mail, since its more time-consuming for credit bureaus to process your dispute and if they do not reply within 30 days, then it must be remove from your report.
Will this software work on a Mac?
No, Crediper will only work on windows.
Do you have software in Spanish?
No. Crediper is only in English.
Why my credit reports don't show my credit scores?
Most Credit Reports ordered by consumers do not show the credit scores (especially those ordered for free from the Annual Service).
Are bankruptcies & foreclosures able to be removed?
There is not one type of questionable listing that cannot be removed from a credit report if it is inaccurate, untimely, misleading, biased, incomplete or unverifiable (in our work, we refer to such items as "questionable"). While negative items such as bankruptcies or unpaid debts are more difficult to remove from the credit report, this has more to do with the operational systems of the credit bureaus than with the severity of the bad credit item. For example, judgments and tax liens are severely negative listings yet, in Lexington's experience, clients have had more success getting them removed than other types of listings. Whether a questionable item can be corrected or removed has little to do with its severity alone.
Can bad credit be deleted or corrected?
The simple fact is that questionable credit listings are either deleted or corrected by the hundreds each and every day through the efforts of individual consumers and organizations like Crediper. The proof is very compelling: The efforts of Crediper have successfully assisted clients in obtaining deletion and correction of many hundreds of thousands of questionable credit listings being deleted.
It's not necessarily easy or foolproof, and Crediper cannot guarantee success, but the right to improve your credit by challenging questionable items is yours.
Can changing a SSN or EIN help their credit?
This scheme has proven to be complex, difficult, and illegal. Lying about any personal information on a credit application is usually a criminal offense. Using these "file segregation" schemes requires an enormous amount of coordination, not to mention personal risk.
Can credit repair companies be trusted?
Just as you would be careful about which mechanic you select to repair your car, you should be careful to choose a trustworthy firm to help you repair your credit. As is the case in many industries, there are trustworthy credit repair companies as well as credit repair companies that should be avoided.
While some credit repair companies are outright frauds, others are not frauds and they use the dispute process to obtain impressive results.
Among these frauds are numerous "credit repair" companies who claim to remove negative credit with a snap of your fingers. Their advertisements make bold assertions and money-back guarantees.
So, can credit repair companies really guarantee results?
Not a chance. No credit repair company is so good that it can guarantee a specific outcome. It would be like a defense lawyer guaranteeing that the jury will find his client innocent.
In fact, the mere suggestion that a credit repair organization can "guarantee" its results is a direct violation of the Credit Repair Organizations Act. Any company guaranteeing its results should not be trusted — if they ignore the governing laws of the industry, you can be sure that they won't be around for very long. Guarantees are a sure sign of credit repair fraud.
However you decide to address your credit challenges, realize that regardless of what you may hear in the news media, hundreds before you have sought help and restored their credit. Despite the newspaper articles, TV reports and other credit bureau propaganda to the contrary, the simple truth remains: you can work to fix your unfair credit reports if they are the result of inaccurate, untimely, misleading, biased, incomplete or unverifiable information.
Can I see my credit report?
Yes, you are entitled to receive a free annual copy of your credit report from each of the three credit bureaus: Equifax, Experian and TransUnion.
Additionally, you may purchase a copy of your credit bureau reports directly from each of the big three credit bureaus. These credit reports are frequently offered free of charge when you enroll in credit monitoring or other similar service.
Do creditors read the 100-word statement?
The Fair Credit Reporting Act gives consumers the right to add a brief statement to their credit reports explaining disputed items. Our experience has shown, however, that these statements are at best unhelpful, and at worst, damaging.
Many misinformed credit experts suggest using this statement to explain your side of the story when a negative item on your credit reports is lowering your credit score. Unfortunately, because human eyes rarely read through the details of your credit reports, this explanation most likely will have zero effect on a creditor's opinion of your creditworthiness.
Even worse, when you add a statement on your credit reports such as "these payments were only late because there was a problem with the company's automatic withdrawal system", it can be interpreted as an admission of guilt. If you try to dispute the item in the future, the credit bureaus will not need to bother contacting the credit grantor to determine the accuracy of the negative item because your credit statement already admits you were late in making the payment.
Because of their ability to hinder your credit repair efforts, we suggest making 100-word statements the first things you delete from your credit file.
Do negative items remain listed for 7 years?
When you speak with certain creditors, their typically under-educated staff may tell you the law demands that negative listings appear on your credit report for seven to ten years.
The truth is that the credit grantor or the credit bureau can choose to delete the negative credit listing at any time, especially when you give them a reason to do so. The 7 year term is merely a time limit for reporting negative credit. Some items, like bankruptcies, may stay on a report longer than 7 years.
Does bankruptcy give me a second chance?
A bankruptcy may help you take control of your debts and get a second chance on better managing your finances, but it most definitely does not clean up your credit reports.
Many bankruptcy attorneys apparently do not adequately understand or explain the effects of bankruptcy to their clients. Stated simply, bankruptcy is to the credit rating what the nuclear bomb is to war. It may end the war, but it leaves a mess. When you file for bankruptcy, every credit account that you decide to include in bankruptcy will become an "included in bankruptcy" account (a seriously negative item).
Additionally, a bankruptcy filing and bankruptcy discharge listing will appear in the court records section of your credit report. Because so many negative items are attached to the bankruptcy, it becomes very difficult to remove all trace of the bad credit.
Does good credit offset bad credit?
Any amount of bad credit is devastating to your chances of being approved by a credit grantor. Most credit grantors never actually look at your credit report. A computer pulls your credit report, rates your credit standing, income, indebtedness, and stability, then spits out an acceptance or denial. Even one or two slow pays will usually trigger a credit card or personal loan denial. The slightest amount of negative credit could cause the interest on an auto loan to skyrocket. You will probably find that even a little bad credit, regardless of how much good credit you have, is an unacceptable barrier to credit approval.
Does paying past-due accounts change their status?
No. Paid, but once-delinquent, debts still show up as severe negatives. It's important to note that credit reports don't just show your current credit situation, but they also show what your credit situation has been in the past. Therefore, past delinquency or collection activity does a great deal of damage to the credit score even if it was paid off. This is one of the great ironies of the credit reporting system; paying your past-due debts does little to immediately increase your credit score and may actually make the score worse.
Does the CCCS help restore credit?
Consumer Credit Counseling Service or CCCS is a nonprofit debt counseling service that assists consumers who are over their heads in debt. CCCS is funded and controlled by certain credit grantors and credit bureaus. Often, CCCS provides a beneficial service to the consumer.
Because of the obvious allegiance between CCCS and other consumer credit industry players, you cannot reasonably expect CCCS to do anything that such interests would frown upon, such as help you restore your credit. In fact, if you decide to leave CCCS before you have finished their program, they may list your failure to complete the process as a negative listing on your credit report.
When you participate in the CCCS program, your creditors will sometimes (though rarely) note it on your credit report. The fact that you resorted to a debt counseling program is a huge red flag for prospective credit grantors. Remember, paying off your debts is a step in the right direction, but it does not restore your credit.
How much bad credit does it take to be denied credit?
As you may have already experienced, even one small late pay listing may result in credit denials. It is a myth that a large amount of positive credit can outweigh some negative credit. Any negative credit whatsoever can become a substantial credit obstacle.
How much does bad credit cost?
As you consider retaining Crediper you would do well to look at the price you are already paying for bad credit. Below are just a few examples of the cost of bad credit.
Credit Cards:
Most if not all prime credit cards are entirely out of reach to consumers with bad credit. And the few credit cards that are available to them (known as "sub-prime" cards) typically require high setup fees or recurring monthly fees, offer very low credit lines, often require cash deposits, and in most cases do not even report your positive credit activity to the credit bureaus.
Automobile Financing:
If you are making payments on a car, you are probably paying between $1,500 and $5,000 more just for having bad credit. This added interest shows up every month in a higher payment. Take a look.
$20,000 car paid over 5 years:
CREDIT STATUS RATE PAYMENT COST OF BAD CREDIT
Perfect 6.768% $394 $0.00
Mildly Damaged 9.738% $422 $1,680
Damaged 14.7295% $473 $4,740
Home Mortgage:
Bad credit in auto financing can really hurt, but it is nothing compared to the cost of bad credit when a home is involved. A typical home can cost between $50,000 and $130,000 more in interest if you are buying the home with bad credit.
$100,000 home paid over 30 years:
CREDIT STATUS RATE PAYMENT COST OF BAD CREDIT
Perfect: 6.4065% $626 $0.00
Mildly Damaged: 7.581% $705 $10,440
Damaged: 12.5015% $1,067 $158,760
What is a charge off?
When you become very delinquent on an account, the creditor will probably charge it off. This means that they have written the debt off as a loss for tax purposes. This does not mean that they have given up collecting on the debt. The creditor is now likely to either sell the debt or send it to collections.
What is a credit report?
Your credit reports are a record of your credit history that is maintained by a credit reporting agency, or "credit bureau".
Whenever you apply for credit or financing, a credit report is typically pulled from at least one of the three major credit bureaus. While there are many smaller credit bureaus around the country, virtually every credit bureau is affiliated with Experian, TransUnion or Equifax.
Although these credit bureaus collect and maintain information on the vast majority of Americans, they are not affiliated with the government in any way. The credit bureaus are for-profit companies whose principal work product is the compilation of information known as a "credit report." The credit bureaus generate their profits by selling the personal information in your credit reports to credit grantors, potential employers and even back to you.
The credit bureaus receive your personal information through the same lenders who grant you credit. They have agreements with each of these credit grantors that require the credit grantor to inform the credit bureaus of everything that occurs in your relationship with the credit grantor. If you make a payment late, the negative credit listing is quickly reported to at least one of the three major credit bureaus and is added to your credit history.
The credit bureaus collect this information, list it on your credit report, and then sell it to other credit grantors who wish to see your credit history before they decide to lend you money. The credit grantors who review your credit are especially interested in any negative credit. If you have shown any tendency to pay late, or to disregard your financial commitments in the past, the creditors will likely reject your application or charge a higher interest rate.
It is important to note that your credit reports are not just a record of how you are currently managing your credit accounts. Credit reports are histories of everything you are doing with your credit now and what you have done in the past seven to ten years.
What is the difference betwWhat is the difference between R1 & R9?
R1 and R9 are notes left on your credit reports by your creditors. These notes are used to indicate the status of the credit items on your reports.
In this case, the R1 indicates that the account is a revolving account in good standing. R9 indicates a revolving account very poor standing.
R1 and R9 are just two of the many account classifications your creditors can add to your credit reports. Each of these classifications consists of two parts, the account type and the account status.
On your credit reports, "R" refers to a revolving credit account, "I" refers to an individual account and "M" refers to a mortgage account.
These classifications then include a rating supplied by the creditor who reported the item. It is their rating of you as a borrower. There are only two ratings which are not negative. A rating of "1" is good and a rating of "0" means that they don't have enough history with you to rate you.
Every other rating, "2" through "9" is negative. In our experience, creditors don't look at these ratings when you apply for financing. The creditor usually looks at the late pays or other notations such as "charge off" or "collections." However, any rating but a "1" or "0" indicates that you have problems with the account.
What kind of information appears on a credit report?
Aside from your personal information such as your name, address and employer, your credit reports contain four categories of listings that are used to generate your credit score.
Merchant Trade Lines:
These include all regular credit lines such as department store cards, auto loans, mortgages, and credit cards. If there is any history of late payment, or if the trade line was included in bankruptcy, charged off, or put into repossession, the listing will be considered negative by all credit grantors.
Collection Accounts:
When an account is referred to collections because of delinquency or because of a bad check, this appears on the credit report as a collection account. Collection accounts can appear as paid or unpaid accounts. Any type of collection account, whether paid or not, is considered very negative by all credit grantors.
Court Records:
Court records include bankruptcies, judgments, liens, divorce, satisfied judgments, and satisfied liens. All court records, including satisfactions, are considered negative by all credit grantors.
Inquiries:
Every time a potential credit grantor looks at your credit file, a credit inquiry appears on at least one of your credit bureau reports. If the numbers of inquiries are few over the last two years, then there may be no negative effect on your credit worthiness. However, if there are many recent inquiries showing on your credit report, credit grantors may become nervous and deny you credit.
Who looks at my credit report?
With the passing of each year, your credit report seems to be used more and more often as a yard stick to measure your character. Prospective creditors, almost without exception, review at least one of your credit reports before granting you credit.
Today it is increasingly common for insurance companies to review your credit before extending auto or health insurance. Many employers also check your credit before they consider you for a position. If you rent, you may have already been through a credit check to determine your worthiness as a renter.
