Whenever people first learn about the NCES credit restoration program, they often ask, “Why do I have to do three rounds of credit restoration? Why isn’t one enough?”
The answer may surprise you… and it has more to do with how items get ON your credit report than how they come OFF.
There is actually very little oversight for what banks, lenders, and collection companies can report to the three credit reporting companies (Equifax, TransUnion, and Experian). Inaccurate and outdated information gets reported all the time – and unless YOU notice it AND do something about it – it will stay on there for a long time, tanking your credit score.
What’s worse… if you challenge an item on your credit report and it is determined by one of the credit reporting companies that the item should be deleted… the creditor can resubmit whenever they want to.
Bang… there it is, back on your credit file again.
Sometimes the debt is sold to another debt collector and the debt shows up again after being removed – but under the new collector’s name. Debts are bought and sold so frequently that they can show up listed on your credit report under five, six, or seven companies – and even show different amounts owed – ALL at the same time!
Removing errors like these often takes more than one challenge to the credit reporting companies. Things have a way of showing up over and over again. It is on the CONSUMER to keep pressing the credit reporting companies to direct the burden of proof to the creditors.
What it really comes down to is that you DESERVE three full rounds of restoration to ensure the best possible results. Your good name is build upon your good credit report.
I’m ready to restore my credit! Schedule my free consultation today.
One more very important thing…
Credit “restoration” and credit “repair” are NOT the same thing.
The NCES proprietary process preserves all good credit history and reverses negative information instead of just deleting it.
Think about it this way… If you graduated from college with a 2.5 GPA, your ears might perk up if someone tells you they can help you boost that GPA up to a 3.0. It would mean better job prospects and better salaries!
So, this person goes through your college transcript and starts erasing every grade below a B. Your GPA goes up to a 2.8… 2.9… 3.0… success!
But wait… English 101, US History, and Algebra are deleted from your record. And so is your DEGREE! Those courses were IMPORTANT and REQUIRED to validate your diploma!!
Now imagine that person goes back into your transcript and instead of deleting all those C’s and D’s, he changes them all to A’s. Your GPA soars… and you keep your degree!
That’s the same way the NCES Credit Restoration program works. Other so-called credit repair companies just dive in to your credit file and start deleting anything and everything they can that might be bringing your score down. In the end, you may not have anything of value left on your report to provide a score at all – good or bad!
Instead of deleting… NCES will RESTORE your credit file. Sure, some items will be deleted – like collection accounts past the statute of limitations or information that doesn’t belong on your credit report in the first place.
But important records, like that credit card you paid on time for 6 years before losing you job, we preserve. As with those important college classes, you need your credit history to get a good score. By having the account reclassified as “paid as agreed”, you rehabilitate that part of your score AND keep those valuable 6 years of credit history.
Want to learn more about the NCES credit restoration process? Give us a call or schedule a free consultation at www.myscorerestored.com.
4 Ways to Boost Your Credit Score Fast
Free eBook Download
If you have any questions, please give us a call at 770-952-5168 or contact us online.
“Like” us on Facebook to have great tips and breaking credit news delivered right to your phone or computer.
Other articles that may interest you:
Keep Your Eyes on the Prize – A Better Credit Score
Save More When You Pay Yourself First
[Video] Why Choose NCES?
This information is intended for informational and educational purposes only and not as legal advice. If you have concerns about your credit report, harassment, identity theft, illegal collections activity, garnishments, or property liens, you should consult an attorney who specializes in consumer rights and defense.