The credit repair process is made up of multiple layers. The deeper you dig, the more questions you’re going to have. It’s like a never ending story that’s highly likely to get you frustrated and annoyed. Only those with a superhuman level of patience can manage to make sense of the whole thing.


However, with the right kind of information being made available, this maze of horrors known as credit repair won’t seem that intimidating. That’s exactly why we’ve created this FAQ section. We’ve composed a list of the most important questions that the average person is likely to ask.


The intention is to clear queries of all sorts – the common ones and the not so common ones.


We’re pretty sure that any question you have about credit repair can be answered through this FAQ section. So, do explore. Maybe, you’ll find the answer you’ve been looking for all this while. Even if you don’t have questions, this FAQ section could be helpful in keeping you informed.


How Long Does it Take to Repair My Credit?

Credit repair isn’t to be taken lightly. It is a detailed function that will need a fair bit of time to complete. There are certain processes involved.  For instance, credit bureaus need time to get in touch with creditors, collect the latest information and update your credit report.


However, if you’re looking for an average number, it would be safe to say that the standard credit repair process takes 45 days to complete. In fact, credit bureaus are legally required to update reports with the latest information in a period of 45 days.


However, there could be other factors delaying or even speeding up the process.


Can Credit Repair Boost the Likelihood of Me Getting a Job?

Credit repair boosts your credit score, which definitely plays a role in improving your chances of employment. It is a known fact that many employers go through the credit reports of applicants. They do this for a wide range of reasons. For instance, a good credit score implies stability, which is important to any employer.


For positions that involve financial functions, there is a higher chance of your credit report being investigated. A survey conducted by the Society for Human Resource Management in 2009 found that 91% of employers investigated the credit reports of potential employees who were applying for positions of financial responsibility. 47% of employers performed these checks for select positions, while 13% performed the checks for all positions.


Employers are legally entitled to carry out credit checks on prospective employees. However, they cannot access your credit scores.


On that note, understand that fixing one’s credit report for superficial reasons as opposed to fixing it for improved credit scores involves a completely different approach.


Can I Carry Out Credit Repair on My Own?

The simple answer to this question would be a ‘yes”.


Technically speaking, there is very little a credit repair company can do that you can’t do yourself. However, you will need to put in time and effort; not just in terms of carrying out the credit repair, but, also in terms of actually educating yourself about the legal aspects of credit.


There are plenty of resources out there designed to help individuals learn more about credit law and credit repair. You can even find DIY Kits that offer the necessary tools to help you fix your credit.


However, the reason many people settle for a credit repair company is because they do not have that kind of time or energy. There is a lot of effort that goes into getting in touch with creditors and other agencies. The other challenge lies in verifying details and working out settlements.


Credit repair agencies exist to carry out this function and you will save time and effort by handing over the responsibility to such companies. Credit repair companies are experienced and knowledgeable about such affairs and will get the job done with greater efficiency.


Can I Dispute All Items in My Credit Report?

It is possible to dispute every item in your credit report. However, there is no point in doing so. You’re not likely to see any concrete results. It is wiser to just focus on the items that are actually disputable or erroneous. You might be tempted to have one of the more legitimate items eliminated, but, that’s a thing of fantasy.


As for legitimately questionable items, you will need to put in efforts towards negotiating with the collection agency or creditor in order to arrive at a settlement. Of course, you will also need to have the item removed from the report.


But, do note that even paid debts will show up on your credit report for a period of 7 years. However, they will be entered as paid debts.


Can I Create New Credit Report Profile?

This is a complete no-no. Creating a new credit report profile is against the law and there are significant penalties for this crime. If you ever come across this suggestion, ignore it completely. There are services that promise this kind of help. Obviously, you would be wise to avoid them.


When seeking for help with credit repair, look for companies that offer legitimate services. There are many questionable credit repair companies that exist.  If you have been already duped by an agency, you can file a complaint with the Federal Trade Commission.


If you want to identify legitimate credit repair companies, you should visit CreditMarvel.com


Does My Credit Report Really Have Disputable Items?

A wrong assumption made by people is that credit reports are perfect. That’s not true at all. In fact, quite a few of them have errors.


According to an FTC report, 26% of credit reports were found to have errors and 5% of people, who brought up these errors for dispute, gained a bump in their credit scores.


So, yes, your credit report could contain errors and its worth taking a look.


Can My Spouse’s Credit Affect My Own?

Yes, it can. This is usually seen in the case of large loan amounts. For example, couples who apply for a mortgage may find that the loan has been denied because one of them has a bad credit score. Large loan applications require both partners to have good credit.


Your spouse’s bad credit can even cause interest rates to go up on loan payments.