Honest and Reliable Credit Repair
Colorado Residents Can Trust
Frequently Asked Questions
Stay in the loop with the most up-to-date credit repair information
Advantages of Pikes Peak Credit Repair
Always a real person at the end of the telephone.
Unique credit repair strategy tailored to your unique situation.
Ongoing advice, information, and education to keep your credit healthy.
We care about fixing credit fast, not keeping you on a monthly plan forever.
Flexible plans to plans to fit whatever your goals are.
Communication: we keep you in the loop every step of the way.
Honest and Reliable Credit Repair Colorado Residents Can Trust.
How long does it take to repair credit?
This unfortunately depends on your unique situation. If your credit issues were serious, or your score was heavily affected, it could take many months or years to rebuild your credit to a healthy score. However, if there are just some minor mistakes and you’ve got a great payment history, you could get your credit score back to a great position in as little as 30 days.
How much does credit repair cost?
This varies depending on your needs/situation, as well as how involved you want to be. You can do it all yourself for next to nothing, pay a small monthly fee to a credit repair Colorado Springs company ($19-129/month), pay per item deletion (up to $100/deletion) or, if you wish, just pay a premium service ($300-3,000) to take care of it all. Either way, prepare to spend a minimum of $100 and up to $1,500 depending on your situation.
What has the biggest impact on your credit score?
Many factors contribute to what makes up your credit score. The biggest factor is your overall payment history and on time payments in particular, so be sure to make all of your payments on time if you want to have a good credit score. Other factors such as the average length of your credit history or percentage of available credit that you are using also affects what makes up your score. To see why your rating may be changing go check out your credit report. Luckily, any negative impacts will lessen over time as the derogatory information ages off. After this occurs there should be no detrimental effect on your score whatsoever.
What does your credit score start at?
Typically, a credit score will range from 300-850. Technically, there is no “zero” credit score. Usually your score doesn’t exist until you “get on the grid”, so to speak, and you won’t really start at 300 either. That’s reserved for those with extremely poor credit. The same way it’s extremely difficult to get a score over 740, it’s also quite hard to go below 450.
How often does your credit score update?
This depends on the frequency of your lenders updating the national credit reporting agencies. You should definitely see an update every 30-45 days, but as technology improves, your credit score may act more dynamic and start updating more often. You may start seeing fluctuations every couple days, especially when using an app like Credit Karma or Capital One CreditWise.
How fast will car loan raise my credit score?
As long as you make your payments on time and in full, you can see big boosts in your credit score every 6 months. Keep in mind, though, your score may take an initial hit, as any inquiry tends to drop your credit score, and a loan naturally increases your debt to income ratio. So, with that said, it may take a month or more to get your credit score back to where it was before your auto loan begins to have a positive effect.
Trusting your credit to someone else - even a professional - can be scary. We fully understand that, and so we’ve taken some time to answer the most common credit repair questions here.