Frequently Asked Questions
Find answers to some of the most frequently asked questions about our credit repair services.
Call 877-65-SCORE to Schedule Your Consultation.
Do you check my credit?
Yes, we do look at your personal credit. It is how we customize an action plan and put together a proposal for you. It also gives us a snapshot of what your credit looks like today and what we need to accomplish for you to help you reach your goals.
What is credit repair?
Credit repair is the process of fixing poor credit standing that may have deteriorated for a variety of different reasons. It includes all the legal work, strategy and methods that VCS uses to challenge questionable negative credit listings that are inaccurate, misleading, unverifiable, untimely, biased or incomplete.
How long does it take to repair my credit?
Each situation is different. We generally tell all of our clients that they can expect anywhere from 1-3 months to see a noticeable difference, to 6-12 months to complete the service. Credit repair is a process and although we work quickly to repair your credit we can only move at the credit reporting agencies, court houses, and creditors’ pace.
What Can a Credit Repair Company Do for You?
Many criticisms of credit repair companies are based on the same simple premise; there is nothing a credit repair company can do for you that you cannot do yourself. The FTC website even states that “anything a credit repair clinic can do legally, you can do for yourself at little or no cost” and the Credit Repair Organizations Actgoes so far as to require that all credit repair organizations provide a statement to every customer with specific language stating that all consumers have the right to order copies of their credit reports and dispute any inaccurate information they contain.
So what is the truth behind these statements? The truth is they are 100% correct. There is nothing Venture Credit Solutions or any other credit repair company can do for you that, given experience and study, you could not do for yourself. Of course, the same could be said of many of the services people already pay for.
You have every right to change your car’s oil, rotate the tires, change the spark plugs, or even rebuild the engine. People do so every day and while there are laws dictating some parts of the process (you must dispose of waste in an appropriate manner), there are no regulations stating that you have to pay a mechanic to do these things for you.
But while many people will take the time to learn the basic steps to maintaining their vehicle, there is little concern that mechanics will be running out of work anytime soon. For most people, it is simply not worth it to learn how to repair their own cars and then take the time to do so. It is a better use of resources to pay someone who already has the knowledge, experience, and tools to do the job for them.
It is clear that, although mechanics do not do anything for you cannot do yourself, they are still a highly valuable service. The same can be said for the lawn care service that aerates and fertilizes your lawn, the tax accountant who charges to prepare your statements, and even the supermarket you purchase cheese from instead of milking your own cow. And the same can be said for credit repair companies like Venture Credit Solutions that help consumers who do not have the time or desire to take on the task themselves.
Since 2017, Venture Credit Solutions credit repair services have been helping clients legally dispute the questionable negative items on their credit reports with impressive results. Venture Credit Solutions clients have seen millions of negative items removed from their credit reports including late payments, collections, charge-offs, and even bankruptcies.
Are all 3 bureaus important?
Each one of the three major credit bureaus will reflect at least one-third of your total credit history. If you are requesting a credit card, someone can look at your Equifax report and find nothing that would keep the credit card company from issuing you the card. However, they might also look at your other reports, Transunion and Experian, and find flaws in your credit file. That’s why it is extremely important to use a credit repair service that repairs not one, but all three of your bureaus.
I just signed up, what happens now?
Within 3 to 5 business days from the time you sign up our specialists will begin working with the credit bureaus toward removing the negative erroneous items from them.
Please understand that credit repair is a 1-6 month process maybe even more depending on your situation. Approximately 60 days from the time you sign up you will receive a new, updated copy of your credit reports from the credit bureaus (Transunion, Equifax & Experian) if you have a credit monitoring service. When you receive all three of your updated credit reports, just slip them into an envelope and mail them to us so we can continue to work for you toward repairing your credit. All you have to do is continue to send the updated copies of your reports as you receive them.
How Much does it cost?
At VCS our pricing is upfront and transparent, and cheaper than our closest competitors. Best part is, you will receive superior service. We offer a Success based Pay for Results Plan.
What is a trust account and why do we use it?
An account in which a bank or trust company (acting as an authorized custodian) holds funds for specific purposes such as to paying taxes or payment for services rendered.
In order to get started, we require all clients to deposit the agreed upon payment in full into the established trust account for services that will be rendered. It should be noted that neither VCS nor the client can access the money in the trust account. All money will remain in the trust until agreed upon services are complete or a for a max timeframe of 60 days as that is the timeframe we have set for ourselves to accomplish the removal of your erroneous inquiries. In the unlikely event that we are unable to remove items that you requested to be removed via your erroneous item form, at the endo of the 60-day period, we will send you back all of the money that is remaining in the trust account. (Please note the trust account will stay active for 180 days if we are working on derogatory as well)
Can inquiries be removed?
Yes, a creditor must provide documentation showing you applied for credit with their company, if they do not provide proper verification then the erroneous inquiry is removed.
Does paying off my bills repair my credit?
Unfortunately, the credit reporting system just doesn’t work that way. When you pay your debt, the negative erroneous credit listing doesn’t disappear. There is little difference between a paid negative item on your credit report, or an unpaid one. In most cases, you won’t get much further by paying the old debt. We can recommend a debt negotiation service to help you in that situation…simply ask your representative.
We tried getting working capital in the past but we weren’t able to get anything. Will that be the same with your company?
I’m glad you asked. Each company has its own set of underwriting criteria. However, let bring my funding advisor on the phone so he can go through your particular situation and see if we can get you approved. (back to script)
Who can see my credit reports?
Our credit service specialists are the only ones who will see your credit reports, however if you are applying for a job, employers may review your credit file and if you are in the process of trying to get financing on a home, auto, credit card, charge card or personal loan.
What items can be removed?
We can remove anything erroneous you can imagine, here is a list of some :
• Late Payments
• Charge Offs
• Personal Identification changed or corrected
• Closed Accounts
• Negative Settlements
• Collections, foreclosures, etc. Every report you receive as a results
How do you restore bad credit?
Once we have your credit reports, we dispute the credit reporting agencies, court house, and creditors or lenders on your behalf. Any information the agencies or creditors cannot verify is removed. Any dispute not responded to within the allowed response time is removed.
Probably sounds easy, but if you ask someone who has attempted to dispute their own credit, they will tell you it’s actually not. According to federal law, the credit agencies can ignore your dispute under a variety of conditions. A large percentage of dispute letters sent directly from consumers are rejected under one credit agency pretext or another. Making it a very time consuming and frustrating task.
After we dispute your negative erroneous credit, a new copy of your credit report will be sent to your address showing any deletions or improvements. When you receive your new copy you’ll send us the updated version of your credit report, so we can continue disputing the remaining negative erroneous items.
How will I know it works?
Easy! Every time you receive updated credit reports throughout your service you will see items that have been changed, updated, or removed. If an item is changed or updated, it generally means that there was negative erroneous information associated with that account (such as a late history) that has now been removed. If an account was removed all together from your credit report, it means that the item was a negative erroneous listing against you.
Can bankruptcies be removed?
We generally tell our clients they shouldn’t expect their bankruptcy to be removed. Simply because, bankruptcies are public records, and tend to be in most cases the most difficult to remove if they are still within 7 years old. Our service has been known to remove erroneous bankruptcies with an impressive success rate. Our advice is if you have a bankruptcy on your credit record, you still will benefit greatly from our service due to the removal of so many other negative erroneous items on your report. However, please understand there is no way to guarantee the removal of such a serious public record—no one can. Any company or individual who promises to remove your bankruptcy (assuming it is recent and has not legally expired) is not being honest with you. We understand and practice every legal method possible—and we know credit repair.
Can collections be removed?
Yes, collections can be removed for many reasons, including being incorrect, outdated, untimely and unverifiable etc. But remember that paying off debt alone does not get it removed from your credit report and score.
Can late payments be removed?
Yes, our methods of disputing have proven to remove any type of erroneous late payment whether it is 30,60,90,or 120 days late. We see more erroneous late payments being removed than any other negative erroneous item.
How much money can I get?
Great question. It would depend on several factors including open and existing trade lines, debt to credit ratio, card balances and number of inquiries. My funding advisor will be able to get you a specific amount. Based on your specific business needs. (back to pitch)