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FAQ

 

  • How long will it take to restore my credit profile?

    The amount of time it takes is different in every circumstance. Many of our clients see tremendous results within the first 30 – 45 days. Of course items like a bankruptcy or repossession could take longer but any derogatory item can be removed. The progress of your case will also depend on you forwarding all correspondence to us as soon as you receive it.

  • How much will you increase my Credit Score?

    An average of 50-90 points within the first 45-60 days. We have been as successful as 200 points on many occasions. There are many factors that affect your credit score besides derogatory items although derogatory items are usually the major factor. For example, length of credit history, types of credit, outstanding balances, even the number of inquiries.

  • Why should I do it?

    Negative information remains on your credit report 7 to 10 years from the last date of activity and will cost you thousands of dollars in higher interest rates for many years. Also, it’s embarrassing when you go to apply for financing and get turned down because of something on your credit file. (Or have to pay 22%) Everything we do nowadays is somehow related to information contained in our credit file, renting a house, buying a car, getting credit cards, even getting a job. People are now getting turned down for jobs because of information contained in their credit file. By signing up with us you will not only save thousands of dollars in high interest rates, but the headache, stress and embarrassment of being turned down for what ever credit you apply for.

  • What items can you remove?

    Bankruptcies, collections, charge offs, foreclosures, repossessions, medical bills, credit card debt, inquiries, late payments, judgments, tax liens, child support cases, student loans & more.

  • What items can’t you remove?

    Any type of credit item can be removed from a credit report. Items like a bankruptcy or a repossession are more difficult to remove, but it is possible to remove them.

  • What is a good score?

    720 and above is considered “A” credit.

  • What risks will I be taking?

    None. If a negative item is already reporting then the damage is already done, the best we can do is permanently delete all derogatory items off all three bureaus and improve your 3 bureaus score in turn saving you thousands of dollars in interest charges over the next several years.The worst is you can exercise our Money Back Guarantee.

  • What determines credit score?

    • 35% Payment History
    • 30% Account Utilization (balances being carried)
    • 15% Length of Credit History
    • 10% Types of Credit (mixture is best)
    • 10% Inquiries (only first 10 count)

  • What does a credit score range from?

    From 350 up to 850 points. 600 FICOS are usually where you start qualifying for loans, although the interest rates may be pretty high. Recently due to market conditions, over 700 FICO scores are required to get much lower interest rates or any type of teaser promotional rate.

  • How do you remove bad credit?

    Once we’ve received your paperwork, our first step will be to “pull” your credit reports directly from the credit bureaus on your behalf. (We offer this as a FREE consultation before you sign up!) What Kaydem then does is challenge these creditors via multiple dispute channels. We do this via the internet, mail, fax and phone. If a creditor cannot respond quick enough, with the right information that our challenge is legally requesting per the FCRA— they then must delete the negative credit items or potential face a lawsuit. If you know what chain of tasks to perform, you could do it yourself! But if you are serious about removing negative credit items, there are specific strategies that must be followed to achieve quick results- and not damage your credit further! The list of procedures is long and time consuming, but not impossible to achieve; if you know who to contact, what department to call at what bureau, what internet site to dispute from, what confirmation number to put where, what documentation to send to what address and a list of 14 other items you could complete the tasks on your own! (Don’t forget this must be repeated over again for more recent, stubborn items!) The task of deleting negative credit items can be extreme to say the least, at best you could get frustrated with marginal results, at worse you could accidentally cause a bigger problem by establishing worse remarks on your credit report. Anything that is on your credit report can legally be removed.

  • Do you work on removing inquiries?

    Yes. Inquiries are difficult to get removed but we do have success with all three credit bureaus. Kaydem removes around 85%- 90% of our clients inquires on average. There is no guarantee for this service although we can assure you we are successful a majority of the time.

  • Should a person pay off their debt?

    Legally you should ALWAYS pay your debt. However, having recent payments to collection accounts make your scores go down, this is due to the ‘date of the last activity’ becoming recent.

  • What balance should I carry on my credit card to maximize my credit score?

    35% of the credit limit or less if possible, ideally as close to zero as possible, especially if you are planning to apply for credit in the near future.

  • Does paying off liens & collections improve my credit?

    In the long run yes, but in the short term it doesn’t have much of an effect at all, unless the amounts have a balance listed in the “past due” section of the report. In that case I suggest to pay the balance in the past due column if it is less than two years old, but remember; whenever you make a payment on a collection or a charge off, the seven year clock starts all over again and the item will be reported for seven more years from the date of payment. If you never pay a collection then it will disappear seven years after the time you last made payment on the credit card that resulted in the collection.

  • Should I close any of my credit cards?

    NO, NO, NO. Closing credit cards will only decrease your score due to your debt ratio increasing as a result of the closed account and also can decrease the average length of time an account was open. Never close a credit card is the best advice you can give someone.

  • How much bad credit does it take to be denied?

    Even one late payment can get a person denied for new credit. There are many factors like income, credit history, balances being carried on credit cards and number of credit cards that can result in a denial even if you have almost perfect credit, but getting the derogatory items removed is the most important step you can take in increasing your chances of approval.

  • How do I get updates on my case?

    You will receive updated credit reports from all three credit bureaus after 30 to 45 days. At that time you will see what was deleted and will need to mail the originals to us so that we can continue working on the remaining items. You will actually know what was deleted before we do, which is why it is so important that you forward all credit bureau correspondence within a few days of receiving it.

  • Do you offer a money-back Guarantee?

    Yes, unlike other Credit Restoration Firms, our money-back guarantee is easy to understand and is the best in the business. Kaydem Credit Help agrees to give a refund within 6 months if you are not completely satisfied for any reason, provided you follow all the instructions on the sign up form and return all correspondence you receive from the creditors within ten days of their receipt. There will be a processing fee per client and a fee per item successfully removed or corrected taken out of what you paid.

  • How do you do this legally?

    Although the credit bureaus would like to have you think that our service is illegal, they are wrong. Fixing your credit is your right under Federal Law and we at Kaydem Credit Help will make sure that your rights are invoked to their fullest extent. You have the right to disagree with the results on your credit report just as you have the right to plead “not guilty” in a court of law.

Not sure what you need? Contact us. We will be happy to help you determine what service best suits your needs.