-- What are the advantages of using HTDI Financial? --

While there are many companies who brand themselves as credit repair organizations, most of them lack the breadth of experience and expertise necessary to adequately represent your dispute efforts. Some of the specific advantages of using HTDI Financial are:

We enforce your rights under the various federal and state credit laws.
We open investigations with all three major credit bureaus, not just one per month
We dispute all negative items that you've listed as erroneous, not just 5 per month
We govern ourselves according to the rules and principles of professional conduct.
We do not make false claims or promises
 

-- How much does bad credit cost? --

Credit Cards Most if not all prime credit cards are entirely out of reach to consumers with bad credit. And the few credit cards that are available to them (known as “sub-prime” cards) typically require exorbitant setup fees or recurring monthly fees, offer very low credit lines, often require cash deposits, and in most cases do not even report your positive credit activity to the credit bureaus.

Automobile Financing If you are making payments on a car, you are probably paying between $5,000 and $9,000 more just for having bad credit. This added interest shows up every month in a higher payment. Take a look.

$20,000 Vehicle Financed for 5 Years

Credit Status	Rate	Payment	Cost of Bad Credit
High Credit Score	10%	$424.94	$0.00
Slightly Damaged	14%	$465.37	$4,722.54
Damaged	20%	$529.88	$8,593.30

Home Mortgage Bad credit in auto financing can really hurt, but it is nothing compared to the cost of bad credit when a home is involved. A typical home can cost between $50,000 and $130,000 more in interest if you are buying the home with bad credit.

$100,000 home paid over 30 years:

Credit Status	Rate	Payment	Cost of Bad Credit
High Credit Score	7%	$655.30	$0.00
Slightly Damaged	9%	$804.62	$50,155.24
Damaged	12%	$1,028.61	$130,791.63

As you can see, a low score can cost you hundreds of dollars per month. Which is why it is so important to obtain and maintain as high a score as possible.
 

-- How do you restore bad credit? --

A disputed credit listing must be verified as accurate for it to remain on the credit report. If the credit listings contains an error, the credit bureau may simply correct the item, but. very often, disputed credit items cannot be verified because either the creditor either no longer possesses necessary information or does not to go to the effort of verifying it. 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 mail us the results and we update your file.  The cycle repeats itself at strategic intervals.
 

-- How long does it take? --

Everyone wants you to see results immediately. Although everyone's credit history is different, everyone will see responses from the bureaus within the first 45 days. Every month after that your credit picture improves.  Credit repair is not an overnight fix, however significant changes can be seen as early as just a couple of months.  However a majority cleanup may take between 6-12 months..
 
 

-- Can you guarantee to remove my negative items?? --

No, and beware of companies that try to say "Sure, we can remove your chargeoff".  The law does not allow for companies to guarantee removal of negative information.  However, it's not the law that stops us from making those claims, it's just not ethical.  No one can remove accurate, verifiable and complete information from your credit file. 

That being said, we have been successful in helping clients remove inaccurate, unverifiable and incomplete information from their credit file, thus improving their credit pictures.  We are willing to assume some, if not all, of the risk of taking on your account, because there is no guarantee that items can be removed.  So therefore, if we cannot assist in improving your credit file you are covered under our money back guarantee.
 
 

-- 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' and the credit bureau must send you a notification letter within 5 days of reinsertion. The FCRA (Fair Credit Reporting Agency) has made it much more difficult for a creditor to replace an item once it has been removed.

If added by mistake, HTDI Financial 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. HTDI Financial uses every venue available to you under the law to help you assert these rights.

Disputing items on your credit report is your legal right (see the Fair Credit Reporting Act). When you use HTDI Financial to help repair your credit, we are abiding by and using all federal and regional laws regulating third party credit repair assistance.
 
 

-- How much does your service cost? --

In accordance with federal law, we charge retroactively for the work done the previous month.  Our fees are as follows:

Individual: $179.00 Credit Report Analysis/Audit Fee.  This will cover your account setup, which is the most expensive step in the process and you are not charged until that service has been performed.  Then it will be $99.00 a month for the work done in the previous month.  Results always happen within the first 45 days and your credit picture continues to improve month after month.  There is no obligation to be with us for any specific period of time; it is a cancel at anytime program.  This plan goes after all three bureaus simultaneously and there is no limit to the amount of accounts per letter.  The amount of work that we do for you is different each month; you will find that we do much more work than the monthly payment you are paying, however we would not charge you any additional fees for the additional work.

Couples: $225.00 ($112.50 per person) Credit Report Analysis/Audit Fee.  This will cover your account setup, which is the most expensive step in the process and you are not charged until that service has been performed.  Then it will be $159.00 ($79.50 per person) a month for the work done in the previous month.    Results always happen within the first 45 days and your credit picture continues to improve month after month.  There is no obligation to be with us for any specific period of time; it is a cancel at anytime program.  This plan goes after all three bureaus simultaneously and there is no limit to the amount of accounts per letter.  The amount of work that we do for you is different each month; you will find that we do much more work than the monthly payment you are paying, however we would not charge you any additional fees for the additional work.

 order now.
 
 

-- 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.
 
 

-- When I pay off a past-due account, such as a charge off or a collection account, will it show "paid" and will no longer be negative? --

It is quite difficult to restore your credit without somehow satisfying your outstanding debts. However, the act of paying off a debt can actually hurt your credit. Negative credit is allowed to stay on the credit report for a maximum of seven years, except for bankruptcy, which may remain on the credit report for ten years. This seven-year clock begins ticking on "the date of last activity" or, in other words, when the last action took place on the account. By paying an outstanding, delinquent debt you will change the account status to "paid collection," "paid was late," or "paid was charged off" - which will still stand out as a very negative listing. Furthermore, you will create a new date of last activity on the day you settle the account. The seven-year clock will reset and begin all over again. When you have outstanding debt, it is almost always prudent to seek professional help so that you may settle your debts without further damaging your credit.

 

-- I've  heard there are some negative listings, such as bankruptcies and foreclosures that are said to be impossible to remove from the credit report --

There is no type of negative listing that hasn't been removed from a credit report if it is unveriable, inaccurate or incomplete.  Public record information fall under the same guidelines as other negative listings.  If it cannot be verified or if it is inaccurate, it must be corrected or deleted from the report.

 

-- I've been told that there is no reason to hire a company like you and that I should do this on my own--

Yes, there is nothing that a credit repair company can do that you cannot do for yourself.  If you feel that you do not have the experience and/or time to take on this task by yourself, companies like ours are willing to help. 

Some companies will try to discourage you from doing it on your own or may not disclose this to you.  Federal law states that credit repair companies MUST advise you of your consumer rights, and that you can do this yourself.  It is even in our welcome packet to each consumer. 

 

-- What about adding a "100-word statement"? --

The 100 word statement, although had good intentions when created, typically are not used, in our opinion, for your benefit or even looked at by a lender. 

 

-- I've  heard that if I declare bankruptcy, I can begin my credit report all over with a clean slate --

Many bankruptcy attorneys do not adequately explain the effects of bankruptcy to their clients. Stated simply, bankruptcy is to the credit rating what the nuclear bomb is to war. When you file for bankruptcy, every credit account that you decide to include in bankruptcy will become an "included in bankruptcy" account. Additionally, a bankruptcy filing and bankruptcy discharge listing will appear in the court records section of your credit report.

 

-- I've heard that by changing numbers in my social security number or by using an EIN tax number, I can fool the credit bureaus into creating a completely clean, new credit file under my name --

That is highly ILLEGAL and run away from any company that brings this up as an idea.

 

-- I've heard that if I build enough good credit, it will offset my bad credit and make me credit worthy.  After all, I was only late a couple of times --

Any amount of bad credit is devastating to your chances of being approved by a credit grantor. Most credit grantors never actually look at your credit report. A computer pulls your credit report, rates your credit standing, income, indebtedness, and stability, and then spits out an acceptance or denial. Even one or two slow pays will usually trigger a credit card or personal loan denial. The slightest amount of negative credit will cause the interest on an auto loan to skyrocket. You will probably find that even a little bad credit, regardless of how much good credit you have, is an unacceptable barrier to credit approval.

 

-- I've heard that the law requires that these items remain on the credit report for at least seven years.  --

When you speak with credit grantors, collection agencies, or credit bureaus, their typically under-educated staff may tell you all manner of such pseudo-legal nonsense. The law demands that negative listings appear on your credit report for "no longer than" or "up to" seven years. The credit grantor or the credit bureau can choose to delete the negative credit listing whenever they see fit or if the items are unverifiable, inaccurate or incomplete.

 

-- Why Do I need to Pay My Bills? --

When we delete a negative credit report listing, the actual debt remains. You still owe the same amount of money that you owed to begin with. If you don't pay the debt, the creditor or collection agency could always report the item again. So removing the listing without addressing the debt is only a temporary solution.  Additionally, our service is designed for individuals that can pay their bills now, but have had problems in the past.