FAQS
Frequently Asked Questions
How does the process work?
Bayou Credit repair, one of the leading credit repair companies in Miami, was established to assist individuals restore their personal credit and to offer a complete line of business credit solutions. Bayou credit repair is a financial services firm in Miami specializing in credit restoration and business consulting services. Through our guided strategies we have helped thousands of families and business to strengthen their financial portfolio. Bayou credit repair is a 90 percent referral based company in Miami that has worked very hard over the years to perfect our level of service and provide real solutions for our clients when it comes to raising their credit scores and structuring business fundability. Service and solutions are imperative, but timing and technique are also vital to help consumers repair their credit and establish a strong Paydex business rating.
Can I repair my credit myself?
You definitely can. I would only suggest hiring a professional like myself if you’re not well-versed in credit laws, you don’t have the time to complete the cumbersome task, or if you can afford to do so. Otherwise, it can definitely be done yourself.
Do I have to pay every month?
We have no monthly fees but what you pay will depend on how many items are deleted from your credit report. The program is designed so that you only pay for items that are successfully deleted from your credit report. The cost to improve your credit score is $50 per deletion per bureau for collections and charge-off’s, $75 for repossessions and child support, and $100 for Judgements, Bankruptcies, and Foreclosures.
How long does credit repair take?
A credit file is like a fingerprint; they are all different. Unfortunately, we cannot give you a set time but we have finished some clients in as little as 2 months while others have been taken more than 12 months.
Anything less than 6 months is unrealistic. A good rule of thumb is 6 to 12 months. But the 6 to 12 months is a generic answer; it truly depends on what your report has or does not have on it. So individual time frames will vary.
Can you remove a bankruptcy?
We work to identify and remove any inaccurate, obsolete, unfair, or items that you feel are questionable on your credit report. So yes, under those circumstances, they can be removed
Can you get my late child support payments off?
Yes. We work to get removals of any information that is in accurate, obsolete, unfair, or questionable. According to the FCRA you have a right to dispute any items that you feel fall into either of those categories.
Are you running any specials right now?
Yes. The $360 sign-up is special. Our normal sign-up is $399.
How much do I have to pay monthly?
There is no set monthly fee. We use a pay-per-delete program that allows you to basically only pay for results. The cost is $50 per deletion for collections and charges off’s.
Should I dispute online?
Not. When you dispute online, you waive some of your rights. Also, you have no paper trail to use as leverage in later rounds if necessary.
How is this different from the credit repair companies that I used in the past?
Our program is different from other programs because of our process. Other companies take your credit reports and start sending the same dispute letters that they use for all of their customers. This is not effective because the credit bureaus are used to getting these letters and have set up their computer systems to automatically respond to these letters and waste time with confusing responses. We are different because we take the time to review your credit report with you to create the appropriate plan of action for each item on your credit report. This allows us to create customized letters for each item on your credit report. The customized letters are far more effective at getting items deleted from your credit report because the credit bureaus are not used to receiving these types of letters.
Do you do credit sweeps?
No, we don’t, and unless its legitimate Identity theft a credit sweep is Illegal and someone or company that is caught giving false information to authorities could face serious consequences.
What if there are no deletions in a month, do I still have to pay?
The program is designed so that you only pay for items that have been successfully deleted from your credit report. You only pay for items that were deleted from your credit report, not a monthly fee.
How much does it cost?
The program is designed so that you only pay for items that are successfully deleted from your credit report. The initial consultation is free. This is to determine if you need the service and if we will be able to assist you with your goals. If the service will benefit you then we conduct a credit analysis that allows us to review your credit report and create an action plan to improve your credit score. The credit analysis/audit is $360 and is due when the credit analysis is complete. During the Credit Analysis, we will do more than analyze your credit report to create a customized action plan for you. We will also teach you how your credit score is calculated, other actions you can take to help improve your credit score, and much more.
What if I'm not satisfied with the results?
You only pay for the successful deletions from your credit report and you can cancel your program at any time. You will be responsible for paying any remaining balance for the items that were already deleted from your credit report. It’s just that simple.
When do I have to pay the $360?
Only after completing your FREE credit consultation and credit report analysis that we perform with you. During the Credit Analysis, we will do more than analyze your credit report to create a customized action plan for you. We will also teach you how your credit score is calculated, other actions you can take to help improve your credit score, and much more.
Why do you charge per deletion and not a monthly fee?
The pay per deletion program is designed so that you only pay for items that are successfully deleted from your credit report. On the other hand, the monthly fee is due every month whether items are deleted from your credit report or not. You have to pay the monthly fee even if no items were removed from your credit report.
Is this legal?
You have a right to dispute anything on your credit report that you feel is an accurate, outdated, or unfairly reporting on your credit report, so yes, it’s legal.
Why do I have to pay for my credit monitoring each month?
Paying for credit monitoring is a great benefit for you. The software that we use helps to keep the cost of the program low because the software automatically downloads your credit report into our system each month. This allows us to track the changes to your credit report and send updated responses to the credit bureaus in real-time without a lot of manual labor. Unfortunately, free credit reports like Credit Karma do not allow automatic downloads and only limit you to two credit bureaus.
Can I use Credit karma?
Unfortunately, free credit reports like Credit Karma do not allow automatic downloads into our software system.
Do I need to send you the letters that I receive from the credit bureaus?
Yes, you must upload every letter that you receive from the credit bureaus as soon as possible. We need to know every action that the credit bureau has taken so we can quickly respond to get the items deleted from your credit report.