-- I'm ready to sign up right
now. How do I do it? --
It all starts with a credit report assessment, which you can
get by visiting our Free Consolation
page or calling us toll-free at 888-767-5794 . We're different
from our competition in that every one of our clients receives
individual attention from a highly trained Credit Consultant.
We formulate a customized plan of action based on your specific
needs. No two clients are alike!
-- How much does bad credit cost? --
The cost of credit repair is small compared to the cost of living
with bad credit.
Below are a few examples of the cost of bad credit.
Auto Loan
If you are making vehicle payments, you are most likely paying
between $4,000 and $10,000 more over the course of the loan
just for having credit score issues. This added interest shows
up every month in a higher payment.
Example:
Car Loan
$23,000 Vehicle Financed
for 5 Years
| Credit Status |
Rate |
Payment |
Interest Paid |
| High Credit Score |
3% |
$413 |
$1,796 |
| Slightly Damaged |
9% |
$477 |
$5,646 |
| Damaged |
18% |
$584 |
$12,042 |
Home Loan
Damaged credit on a vehicle is nothing compared to the effect
of damaged credit on a home loan. A typical home can cost between
$180,000 and $300,000 more in interest of the 30 year loan,
if you are buying the home with damaged credit. Example:
$120,000 home paid over 30 years:
| Credit Status |
Rate |
Payment |
Interest Paid |
| High Credit Score |
7% |
$798 |
$167,410 |
| Slightly Damaged |
9% |
$966 |
$227,596 |
| Damaged |
13% |
$1,327 |
$357,878 |
$190,000 home paid over 30 years:
| Credit Status |
Rate |
Payment |
Interest Paid |
| High Credit Score |
7% |
$1,264 |
$265,066 |
| Slightly Damaged |
9% |
$1,529 |
$360,361 |
| Damaged |
13% |
$2,1202 |
$566,640 |
Credit Cards
It is not unusual to not be able to get an unsecured credit
card with damaged credit. The accounts you may be approved
for will typically have higher rates, low credit limits, and
have higher than normal penalties and fees for things like
late payments.
-- How do you restore bad credit? --
Once we've received your credit reports, we will analyze your
credit history to identify items that are responsible for bringing
your credit score down. Then we will draft letters to dispute
these negative items on your behalf. Although we encourage consumers
to dispute their own credit if they have the time and knowledge
to do so It is important to note that, according to federal
law, the credit bureaus can ignore your dispute under a variety
of conditions. In our experience, a large part of dispute letters
sent directly from consumers are rejected for one reason or
another. Cosmos Credit Solutions 's letters are expertly designed
such that credit bureaus will accept the dispute and conduct
an investigation.
A disputed credit listing must be verified as accurate for it
to remain on the credit report. If the credit listing contains
an error, the credit bureau may simply correct the item. Unfortunately,
very often disputed credit items cannot be verified because
either the creditor no longer possesses the necessary information,
or that creditor will not go to the effort of verifying it even
if they have the information in question. Furthermore, the investigation
must be completed within 30 days or the listing MUST be removed.
For these reasons, properly disputed credit listings are removed
from your credit report with remarkable frequency.
At the conclusion of the credit bureau's investigation, a new
copy of the credit report is sent to you along with any deletions
or improvements. You then provide us with a copy of the new
credit report and the cycle repeats itself at strategic intervals.
Each time an investigation is initiated, the odds of receiving
a particular deletion increases.
-- How long does it take? --
Everyone wants you to see results immediately. Although everyone's
credit history is different, most people will see progress within
the first 45-60 days of their membership. The majority of time
is spent waiting for the credit bureaus to respond to requests.
We take great effort in getting our disputes to the bureaus
as fast as possible. As a reference, however, in order to maximize
the benefits of our program we suggest with 6-8 month commitment.
-- Do you guarantee results? --
By law, no company can guarantee that they can have items removed
from your credit reports, but we stand behind our services and,
if you feel you do not see results, we will evaluate your account
and you will receive a portion of your money back if appropriate
progress with your case has not been made. Please refer to our
Terms of Use and Refund Page for more details.
-- What if removed items reappear? --
This happens occasionally either by accident or a creditor has
eventually verified a particular item. This is what is known
as a 'soft delete'. The FCRA (Fair Credit Reporting Agency)
has made it much more difficult for a creditor to replace an
item once it has been removed. Cosmos Credit Solutions will
re-challenge the item with the full force of the prior removal
in our favor.
-- Is this legal?
--
Yes, you are given the right under the Fair Credit Reporting
Act (FCRA), including the right to challenge inaccurate, misleading
and obsolete items appearing on your credit report. Cosmos Credit
Solutions uses every venue available to you under the law to
help you assert these rights.
--
How is this done legally? --
Disputing items on your credit report is your legal right (see
the Fair Credit Reporting Act). When you use Cosmos Credit Solutions
to help repair your credit, we are abiding by and using all
federal and regional laws regulating third party credit repair
assistance.
-- What is a credit
score? --
A credit score is a numerical ranking system that lenders use
to determine how much of a credit risk you are. A credit score
is a numeric indication of how likely you are to repay debts
such as loans or lines of credit. Lenders use this number to
determine how much of a credit risk you are.
Credit scores also are designed to indicate your creditworthiness
in comparison with other consumers.
Credit scores are based on the data in your credit report and
are generated by computers using artificial intelligence. Usually
a credit score is between the numbers 300 to 900. The higher
your score, the more "creditworthy" you are to lenders.
-- What is my credit score based on?
--
Credit scoring is based on many factors that may include:
Amount of available credit
Payment history
Recent requests for credit
Amount of credit currently being used
Length of credit history
Under the Equal Credit Opportunity Act, credit scoring may not
use gender, martial status, national origin, race, or religion
as factors.
-- How can bad credit
be deleted? --
Negative credit listings are deleted from peoples' credit reports
each and every day!
Cosmos Credit Solutions is hard at work every day challenging
damaging and questionable credit entries on behalf of its clients.
Utilizing proven and absolutely legal methods, Cosmos Credit
Solutions is a professional organization working for you and
your credit
-- Will I get results?
--
Yes. We know from experience that due to our one on one personal
approach, our clients experience tremendous results. The ranges
of success are as endless and unique as our clients. We partner
with our clients, giving them every advantage they can have
in the credit world. Yes, achieving results requires that we
work in partnership. Your results will reflect that partnership.
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