apex credit services and reputable credit repair

Apex Credit Services

Ian,

Our apologies for the confusion regarding our fee schedule's. That fee structure your referring to is for the full service package. That package is designed for those persons which are under the scope of collection agencies and which may be facing voluminous issues. The reason for the front-loaded charge is due to the necessity of drafting and sending out a considerable amount of material which is quite time consuming. The Credit Repair Organization Act (CROA) won't allow us to charge up front fees (many organizations do in their "set-up" fees), thus, the need to break it down as we have. When dealing with collection entities, it is usually a one step process (validation) and thereby, we feel justified in the fee schedule. Please keep in mind that each case varies and we often adjust our charges accordingly.

You, however, would likely fall under the typical credit repair schedule which is far less than the full service package. If one looks around they will find it parallel's others in the industry although we are generally less expensive.

I can assure you that we are a reputable and licensed business which complies with all federal and state laws.

Again, sorry for any confusion.

 

I was just looking into something called Lexington Law, something like that. They help repair credit. I was told to go through CCCS so that DH and I could buy a house in a year. I dont know what to do. I want to pay off stuff in collections but was told that can pull the score down. I am at a loss for words or what too do here. I hope you have better luck, lol...

 

CCCS is a viable option to those with high balances on current credit cards. Essentially, they work with your creditors to lower your interest rates and you make your monthly payments to CCCS. They, in turn, remit your payment to your creditors.

With that said, some (or all) of your accounts may be marked as being under some type of arrangement with CCCS. They may not. It seems to vary by the individual. However, if they are notated, this is considered a derogatory implication on a manual review of one's credit reports. It basically implies that one ran up bills, mis-managed their resources, was looking for help, etc.

Moreover, in some instances, CCCS can be late on payments or fail to pay your creditors alltogether. Again, it varies by the individual.

In truth, you can make these arrangements yourself in most cases. Some creditors are better than others with respect to interest rates.

The same can be said about credit repair organizations. You can do it all yourself IF you have the time and devotion required to learn and apply the prescribed methods.

Sounds as though you, however, are dealing primarily with collection agenices and their corresponding tradelines. CCCS would be of little benefit to you, if any. The first step here is to ask the collection agencies to validate what they allege you owe them. You send that CMRRR. Upon receipt of the return receipt, you dispute the applicable tradeline through the CRA's wherein it is reported. This is how you remove derogatory tradelines.

Finally, many brokers have programs with minimum thresholds of only a 520 middle score. This is not hard to satisfy with marginal tweaking.

 

Thanks, I do have the time to do it myself. I dont work, DH does, and my little one just started school. I however am in school but not so much that I cannot do this. I just dont know if I should start one bill at a time from our report and pay that off and move on down the line like that? Does that sound about right?

 

Well, I wouldn't advise making a payment to anyone who cannot validate that you in fact owe it. The account could be erroneous, it could be reporting inaccurately on your reports, it could be obsolete, it could be time barred, etc. These are all things you want to determine before simply throwing money at collection agencies.

Facts vary from case to case. You could have original creditor tradelines as well as those reported by collection agencies. In that instance, you have to deal with two issues. I don't know without looking at your reports. In no event, however, will simply paying a collection account increase your FICO scores; at least not substantially.

You will find that if you adopt the prescribed methods I outlined in my previous post, you can get some of your derogatory tradelines deleted. That is the goal . . . delete the bad, add the good.

 

I know that I owe most of the stuff on there. Like Sprint, Comcast and things like that. I am sorry but what is CMRRR? So I basically need to have proof that these items on my credit report are the "Original" thing that I owe and not some bull from a collection agency? Thanks...

 

Basically, yes, and CMRRR denotes certified mail with return reciept requested.

Moreover, just because you know you owe something doesn't mean that it is reporting correctly or that the furnisher of information hasn't dabbled with the amount owed. There are certain ways in which collection agencies and debt purchasers report that are designed to lower your credit scores. That is why you need to review your reports before remitting any payments.

If you are dead set on payment, you should at least negotiate the way in which it will report thereafter, if at all. You should also consider your option in terms of settlement as well rather than merely paying the full amount.

 

So I guess its ok to settle then. What should I ask them to report it as when it is paid? And how do I hold them to what they say they will do? Get a letter faxed too me? Should I negotiate through the mail or call them? Thanks,
Sorry so many questions.

 

Try for complete deletion first, then negotiate from there. Make sure everything is in writing before you send them any money.

They may try to tell you that they cannot delete the item by law. That would be false, as reporting to the credit bureaus is voluntary, and there is no law that they cannot remove a tradeline.

 

The above is good advice. Per the usual, Pale Rider is absolutely correct.