Chaffin Credit Consulting services are threefold.
First, we repair credit. We remove negative accounts from credit reports. We do this through requesting proof of debt and massive amounts of documentation as well as making sure all the legalities concerning credit reporting and FDCPA regulations are being followed. Credit regulations, both state and federal, change constantly and are different in every state.
Proof of debt and credit histories are very difficult to produce (due to the fact that the majority of paperwork gets transferred from the physical documentation to electronic systems and in many instances is misplaced or shortened in the process) not to mention time consuming and expensive on the part of the creditor. However, legally, if the request is made, the paperwork must be provided in order to both demand a debt and/or report.
In the state of Massachusetts a majority of the time debt collection is done illegally. Before considering paying off a debt collector the first step is to make sure the debt was purchased legally and the amount of the debt (whether credit card debt, medical debt, etc) is the agreed upon and correct.
We are honest with our clients from the beginning as to what they can expect regarding their specific credit restoration case. If there is a possibility the results desired are unobtainable the client will be told right away and other avenues will be suggested such as debt consolidation, mediation or even Bankruptcy.
A case has never been presented where we cannot help the client discover the right avenue to restore their credit and manage their debt.
Second, all client’s agree to do their part in the process. This consists of not only keeping all payments on time with creditors from the signing on the contract but also keeping balances low with credit cards, not making any hard inquiries as well as applying for secured cards, loans and/or piggybacking as needed.
Between the removal of the negative items as well as the client’s role in creating positive credit the increase in credit score on average is 100 points or more by the time a client’s case has been completed.
Third, we focus on education. Clients are involved in every aspect of their debt and credit restoration case. Chaffin Credit Consulting is not made up of lawyers (lawyers cannot legally work on credit in the state of Mass); since we are not lawyers we cannot legally take a step without our client’s approval and viewing of all actions. The more involved a client is and the greater the understanding and happier everyone is.
Finally, we have instituted a different method of payment in comparison to other credit repair companies. Most companies charge a monthly fee whether or not results are achieved (*please note, charging a monthly fee for credit restoration in the state of Massachusetts is illegal). We charge a small set up fee and after that we charge only when results are achieved. You only make payments once your credit has been repaired! Our company is based on trust.
You trust us to fix your credit and help manage your debt. We trust you to compensate us once our work has been completed.
FEES FOR SERVICE:
Consultation Fee: $40.00 – You will receive a copy of your credit report and a complete verbal and/or written analysis of every aspect of your credit. You will be provided with all options for improvement including steps which can be taken on your own as well as any areas Chaffin Credit Consulting can help you with.
Set-Up Fee: $75.00 – The set-up fee covers your complete credit repair and debt management case analysis as well as all initial arguments made on your behalf and documentation. This includes copies of all credit reports, a line by line breakdown of what can be expected regarding: credit changes, histories associated with each account, time line projection of when results are expected to arrive, actions that will be taken for each account as well as your part in the process.
After you pay the initial set up fee you will only be charged PER DELETION. You only pay us if we fix it. If we don’t fix it, you don’t pay. Each of our clients receives the same rates per deletion.
On average our clients save a minimum of 85% of their original debt. For instance, to remove a collection account that is less than a $1,000 debt we charge a flat rate of $50.00 per bureau. To remove a collection over $1,000 we charge 5% of the original balance per bureau.
We understand that individuals in many cases come to us when they are in financial hardship; if you ever receive a bill from Chaffin Credit Consulting that causes financial strain you are welcome to enter into a payment plan that works with what you can afford when you can afford it.
If you have issues with debt collectors who are not reporting we will charge you a affordable flat rate to respond on your behalf.
You will always know exactly how much you will be spending to fix your credit and debt issues. There are no hidden fees and no cancellation fees of any kind.