2006-06-19 18:53:47 · 5 answers · asked by precious 1 in Business & Finance ➔ Credit
no
what yo smoking
2006-06-20 13:42:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Actually, there is. Being a mortgage lender I have access to something called a rapid re-score. If there are items on my clients report that have been satisfied or are in error, I can fax all documentation to the company I purchase my credit reports from, which is currently Funding Suite. They then contact the bureaus directly and if they are reporting incorrectly, the report will be updated in 7-10 days. If you try doing this on your own, it can take up to 90 days.
The last client I did this for went from a 579 mid-score to a 636 and it only took 6 business days. It cost a bit though...normally credit reporting agencies charge $25 per line, and if it's being reported by all 3 bureaus, right there is $75 for one line.
2006-06-20 02:20:21 · answer #2 · answered by KL 5 · 0⤊ 0⤋
Credit repair depends on many things. Referring to instant credit repair means waiting 45 days. That is about as close as it gets.
45 day repair means you have looked over your credit reports and have determined information that is either obsolete or inaccurate. You have than written your dispute letters and taken them to the post office.
Credit bureaus, by law, have thirty days to verify disputed information. Count in mail time, from the time you mail your dispute till the time they mail you your updated report, forty five days will have gone by.
If your disputed information is corrected, you have "instantly" improved your credit. But repairing credit is multi-attack operation. If you have collections or charge-offs you can also reach settlements with the original debtors who can also delete or change information on your reports.
Don't expect to repair credit for accounts you just didn't bother to pay, although you can get these items deleted on occasion. That would depend on the verification process.
2006-06-19 21:04:59 · answer #3 · answered by David H 3 · 0⤊ 0⤋
Instant credit repair is to pay all your bills on time and make sure you dont get behind again. Live within your means and you wont have to repair your credit.
2006-06-19 18:58:51 · answer #4 · answered by cerick1 1 · 0⤊ 0⤋
Unfortunately, no.
2006-06-19 19:22:38 · answer #5 · answered by echo 7 · 1⤊ 0⤋