Can credit repair companies remove late payments, collections, evictions, bankruptcies, repossession or charge offs?

Can credit repair companies remove late payments, collections, evictions, bankruptcies, repossession or charge offs?

Credit repair companies do not have the ability to erase accurate and verifiable information from your credit report. However, credit repair companies may be able to help you dispute errors or incomplete information on your credit report. If you believe that a late payment, collections, evictions, bankruptcies, repossession or charge offs on your credit report is incorrect or that there is incomplete information on your report, you may be able to file a dispute with the credit reporting agency to have the information corrected or removed.

It’s important to note that credit repair companies cannot guarantee the removal of specific items from your credit report. If a late payment, collection, eviction, bankruptcy, repossession or charge off on your credit report is accurate and verifiable, it is unlikely that a credit repair company will be able to have it removed.

However, Prominent Financial Consultants may be able to help you negotiate with your creditors or collection agencies to have a collection account removed or to have it marked as “paid” or “settled” on your credit report. This can potentially improve your credit score, but it will not remove the item from your credit report entirely unless there is written consent by the creditor reporting the information..

If you are having trouble paying your bills on time and are concerned about late payments on your credit report, it may be helpful to talk to a financial professional or credit counselor for advice on how to improve your credit and manage your debts. You may want to consider working with our credit counseling agency, which can provide you with personalized advice and assistance.

Prominent Financial Consultants offers a range of services to help our clients succeed, and we would love the opportunity to discuss how we can help you. If you would like to schedule an appointment with us, please schedule a free 15 Minute Financial Clarity Call so that we can learn more about your needs and goals.