Collections

Handling collections can be very difficult, especially once they’ve landed on your credit report. Sadly, inaccurate or misleading collection accounts lower thousands of people’s scores every day. Due to clerical errors and miscommunications, creditors can claim an overdue debt and begin reporting you to a collection’s agency and multiple credit bureaus. You can pay off the collection agency but many times it is still labeled as a non-payment or can take up to a few months to update in the system all awhile severely jeopardizing your credit scores.

A&M Credit Repair has helped hundreds of clients with collection problems. We have improved and removed a percentage of negative items on customer’s credit reports. We contact creditors and the collection agencies directly on your behalf in order to dispute any discrepancies.

Late Payments

Late payments can have an unfavorable effect on your credit score. Merely one recent late payment on a single account can minimize a score by 15 to 40 points. Missing one payment cycle for all accounts in the same month period can produce a score to tank by 150 points or more. A 90-day late payment also factors deeply in your credit score and is about as harmful as a collection account, bankruptcy, tax lien, and/or judgement.

Our service levels help you challenge questionable late payments by providing creditor and credit bureau interventions. We consider all problems affecting your credit history and seize the issues to supply benefits as soon as possible.

Charge-Offs

To credit bureaus, charge-offs are reflective of irresponsible financial handling, and therefore, imply that you cannot be counted on to achieve your financial goals or obligations in the future. Most creditors will charge-off a debt after 180-days of non-payments. It is then referred to a collection’s agency which in turn, affects your credit score. Charge-offs always manage to land on credit reports of even the most credit worthy individuals. It signals to current and potential creditors that they are unlikely to pay back the money they loaned to you. Creditors can respond by raising your interest rate on your existing balances; potential creditors are also more likely to decline a loan application.

By allowing us to investigate and communicate with creditors and credit bureaus, we may be able to update the status of a charge-off and/or remove it completely from your credit report.

Bankruptcy

Bankruptcies can have a disastrous effect on your credit score. Bankruptcy listings on your report is an easy target for lenders to determine your credit worthiness and approval. Clerical errors, mistaken identities, and identity theft are just a few reasons why a bankruptcy item can be added to the wrong credit report.

People believe it’s impossible to remove bankruptcies from a credit report but the truth is EVERY questionable negative listing can be disputed and ultimately removed. Through effective credit bureau disputation and creditor interventions, A&M has done just that.

Foreclosures

A&M should be the only credit repair company you consult if you’ve had a foreclosure on your record. Despite reported upswings in the housing market, foreclosures continue to be a huge problem for residents of the U.S. In a current database, it lists over 1.4 million homes struggling with the devastation of losing their homes. After a financial setback, foreclosures can make it extremely difficult to get back on your feet. The consequences lead to lower credit scores and higher rates for loans, insurance, etc. In most cases, you will qualify for new credit immediately after a foreclosure. The interest rates on your current credit cards may also rise as a result of the drop.

We have a proven track record and have been helping clients work to enhance their credit reports since 2008.

Liens

Clients who have trouble meeting their tax obligations may receive credit score consultation. As a result of new rules put forward from the IRS (Internal Revenue Service), tax agencies place liens on consumers’ possessions, such as a home and/or car in an effort to recoup taxes they have yet to pay. These liens appear on your credit report for up to seven years and may restrain you from securing reasonable insurance, credit cards, and mortgage rates in the future.

Repossessions

Repossessions should not be taken lightly being that they can cause major damage to your credit score. When you finance or lease, the loan is normally secured against the vehicle itself. This means that your creditor or lessor holds specific rights to your possession until you’ve completed all loan payments or fulfilled your leasing obligation. If you should default on the loan, the lender has the right to repossess. It is important to be aware of contents of your specific contract and state law governing repossession because sometimes even one late payment may provide creditors the opportunity to legally repossess. If any rules are violated, you may be entitled to damages from the creditor or lessor. Some states require creditors or lessors to inform you of potential property seizures in advance.

Judgements

Having a judgement on your credit report is one of the biggest negative hits to a credit score. Erasing judgments are not easy but it is imperative in order to help increase your credit score. A judgement is a piece of paper signed by a judge who has determined that you owe a debt after having had a lawsuit filed against you for that debt. Credit report agencies obtain their information directly from the courts. These agencies use outside vendors to collect information on people allowing them to gain access to court records and decisions. Documented judgements can remain on your credit file for 10 years, and can be renewed thereafter if the creditor chooses to.

Child Support

Many people find themselves in a financial burden due to responsibilities that they can’t afford. It’s unfair to have YOUR wages garnished or YOUR credit damaged or destroyed in the process because of a law pertaining to child support. A&M can help you fight for what you deserve.