Every situation is different, but a good rule of thumb is a minimum of about 3-6 months. If you have very little to correct and the credit agencies, collection companies and creditors all respond quickly, we can possibly be complete with all corrections in 3-4 months. In most cases, plan for at least 6-8 months.
The First Work fee is usually called a “set-up” fee for most professional services. But, in the credit repair industry, it is more transparent to call it a “first work” fee so that you understand that this fee covers work that is completed first. It is NOT a retainer or payment for any future service. The First Work fee covers setting up your account in the Secure Client Portal, verifying your identity, reviewing your credit reports with Equifax, Experian, and Transunion, and completing a comprehensive initial intake consultation (expect this to last at least one (1) hour for single consumers and two (2) hours for married couples). the first work fee is charged AT your initial intake appointment at the end of the consultation.
Your monthly service fee is a subscription service that is charged in ARREARS to cover the cost of work completed in the previous month. This fee is charged approximately 30 days after the date you signed your contract and includes your first round of letters to the credit bureaus sent in the first month of service. You will then be charged each month on approximately the same day of the month for services completed in the prior month. Monthly services include but are not limited to: monthly credit report reviews, preparation of letters (sent to the credit bureaus, creditors, and collection agencies), documentation reviews (received from the credit bureaus, creditors, and collection agencies)and my time in communicating with you. Some months will require more work than others, but you will never pay a higher fee.
Many credit repair companies do charge this way, and it sounds great on the surface. However, some clients may have many inaccuracies on their credit reports. These inaccuracies may be on more than one credit agency file. Let’s say, for example, that there is one item on your credit report that needs removal and it shows on all three reports. Now, if a credit repair company charges $50 PPD (per deleted item) and successfully wins a dispute on your behalf with all three agencies, then you would owe $150 for that one item removed across all three reports. That is ONE item. If that same company successfully wins a dispute for five items in your first month of service, the fee owed is now $750. That is equivalent to more than six months of service. NOPE this is not acceptable.