Frequently Asked Questions About Credit & Credit Repair

Q: Is there really such a thing as legitimate credit repair?
A: Yes! The Credit Repair Organizations Act (CROA) was created by Congress in 2003 to regulate credit repair organizations and how they must comply with the law. To find out if a credit repair agency is complying with the law, review the CROA at www.ftc.gov/os/statutes/croa/croa.htm. There are many unscrupulous "credit repair agancies" out there who offer new credit files, guarantee score increases, etc. Watch out for these! A new credit file is illegal.

Q: Is credit repair legal?
A: Yes! Section 611 of the The Fair Credit Reporting Act (FCRA) protects your right to dispute inaccurate, incomplete, misleading, unverifiable or outdated information on your credit Report. Any inaccurate, incomplete, misleading, unverifiable or outdated information must be deleted from your credit report. We are a licensed credit repair agency and regulated by the FTC and the Oklahoma Department of Consumer Credit.

Q: Is Safe Harbor Credit Repair licensed?
A: Yes! The State of Oklahoma requires that all credit service organizations be licensed by the Oklahoma Department of Consumer Credit. To see the complete list of Oklahoma licensed credit service companies, visit www.okdocc.state.ok.us.

Q: Do you guarantee your credit repair service?
A: No. By law, a credit repair agency cannot guarantee a specific outcome for using our credit repair services. There is no way to guarantee a particular increase in your score or specific results to any dispute, so it would be misleading to offer such a guarantee.

Q: How do I get a free copy of my credit report?
A: By law, you can order one free credit report per year. You can order your credit report on-line at www.annualcreditreport.com, or you can request your credit report by mail using Annual Credit Report Request Form. more...

Q: What is the difference between a FICO credit score and the credit scores I get from the credit reporting agencies?
A: The credit bureaus have created their own scores they sell to consumers. These scores are useless to you, since FICO scores are the industry standard used by all major lenders.

Q: How do I know if your credit repair service is working?
A:You will receive investigation results by mail from each credit reporting agency about 45 days after a round of disputes. When changes take place, you will see one of the following results: deleted, updated, remains, new information below, not found, or previously investigated. We also recommend a credit monitoring service, which will allow you to see changes to your credit profile daily.

Q: What if a deleted items reappears on my credit report?
A: It's rare for an item to reappear once it's been deleted because of the legal issues faced by the credit reporting agencies. If an item does reappear, we simply challenge it again and strive for a permanent deletion.

Q: Can I cancel your service?
A: Yes. You can cancel our service at any time during the credit repair process. See our Legally Required Disclosure for more information about cancellations.

CONSUMER PROTECTION
FCRA, CROA, FACTA. Find out
what the laws are and what they
mean to you and your credit score.

LOCAL & FEDERAL AGENCIES
There are several agencies that
monitor collectors and consumer
credit reporting agencies.

PROTECT YOURSELF
From identity theft to unwanted
credit offers. here are several ways to protect your identity, your credit and your personal information.

CREDIT PARTNERS
See a list of credit friendly lenders
and service providers. Extra savings for Safe Harbor clients.