CFFCR offers two payment options: either one single payment or an installment plan. You can either pay a $447 one-time fee, or pay $547 in up to 4 installments. Only after all the work has been done to prepare and submit your verifications to the credit bureaus, will you then be charged our credit repair fee.
Good credit is important in order to purchase items on credit with a low interest rate. Some employers also require it to get a new job. You also need good credit to rent a house or apartment or to buy a home.
A credit report is a consumer financial report card. Lenders/creditors report a consumer’s repayment history as well as outstanding balances and credit limits.
You will find the following information on your credit report:

  • Date of birth.
  • Address and telephone number.
  • Employer Information.
  • Loans, credit cards, mortgages, student loans, public records.
  • Delinquent utility bills and cell phone bills.
  • Delinquent alimony and child support.
A credit score is a number assigned by a credit scoring company based on information available on your credit report. Currently, there are over one hundred credit scoring models, but over 90% of financial decisions are made using the FICO scoring model.
FICO is a credit score created by Fair Isaac Corporation, a company that takes credit information and uses it to create scores that help lenders predict behavior, such as how likely someone is to pay their bills on time.
  • 781-850 Excellent
  • 661-780 Good
  • 601-660 Fair
  • 501-600 Poor
  • 500 or less Bad
The following items can affect your credit score:

  1. Serious delinquency
  2. Derogatory public records
  3. Recent delinquency
  4. Number of accounts with delinquency
  5. If proportion of balances to credit limits is too high
  6. If length of credit accounts is too short
  7. Too many accounts with balances
You can increase your credit score by:

  1. Paying your bills on time
  2. Getting current on missed payments and stay current
  3. Keeping balances low on credit cards (less than 30% of credit limit)
  4. Paying off debts rather than moving it around
  5. Not opening too many new credit lines
  6. Limiting the amount of inquiries to your credit file.

Please keep in mind that closing accounts may also hurt your score.

Here are some ways that you can rebuild your credit:

  1. Open a shared secured credit card – You can start by depositing $99-$1,000 to open an account. The bank will hold your deposit as security on the credit card and will report your repayment history to all three credit bureaus. The key is to maintain a 30% balance of the credit limit. Usually the interest is higher and other fees may apply.
  2. Open a credit building loan – some credit unions carry these types of loans. You can request a loan on average for $500 with a payback period of 10 to 12 months. These are not traditional in that you do not receive the funds upfront. The money is held in an interest bearing savings account until all payments have been made, at which point you receive the money. The banks will report your repayment record to all three credit reports.
Yes, the FCRA gives consumers the right to dispute anything that is on their credit report. If the credit bureaus cannot verify the item, it must be removed.