Questions about credit building?

Our most asked question: So, how long is the process? The honest answer is that it depends -- on your goals, your situation and how much work you need to be done. That's actually one of the best parts of SMC Consulting  -- we look at you as an individual and build your own personal Game Plan accordingly.

To know whether credit coaching is worth it, you just have to look at what your credit impacts. When you don’t have ideal credit it can cost you thousands and thousands of dollars over the course of a home or car loan. It can keep you from getting insurance coverage or even a job. It can make even everyday needs and decisions more difficult.

When you compare this to the confidence and assurance of feeling in control of your credit situation and the opportunities that brings, the value of credit repair can seem pretty priceless.

A credit bureau - sometimes called a "consumer reporting agency" - is a business that collects relevant consumer information from creditors and courthouses, and then sells that information to interested parties such as potential lenders. Such information is sold in the form of a credit report. In the U.S., the three major credit bureaus are TransUnion, Experian, and Equifax.

Yes, but bad credit does limit your borrowing options, it may still be possible to find a loan with bad credit.

Several laws provide consumers the ability to question creditors regarding accounts that are ultimately reported to the credit bureaus. Everything appearing within a credit report must meet three consumer protection standards: Information must have been fairly reported, entirely accurate, and fully substantiated.