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Our story
We are a dedicated team committed to crafting exceptional experiences. Our focus lies in providing reliable and innovative solutions, driven by a deep respect for quality and a genuine desire to exceed expectations.
Our history
From modest beginnings, we've grown through unwavering dedication and a commitment to continuous improvement. Each step has reinforced our core belief in the power of collaboration and the importance of integrity. We're passionate about what we do, and we're excited to share our story with you.
What is a credit report?
A credit report is a detailed record of your credit history, including information about your borrowing and repayment activities. It contains details about your credit accounts, payment history, and public records such as bankruptcies or liens. Credit reports are maintained by the three major credit bureaus: Equifax, Experian, and TransUnion.
How can I obtain my credit report and score?
You are entitled to a free copy of your credit report from each of the three major credit bureaus once a year through AnnualCreditReport.com. Reviewing your credit report regularly helps ensure its accuracy and allows you to monitor your financial health.
How does applying for new credit affect my score?
When you apply for new credit, a hard inquiry is made on your credit report, which can slightly lower your credit score. Multiple hard inquiries in a short period may have a more significant impact. However, rate shopping for certain loans like mortgages or auto loans within a specific timeframe is usually treated as a single inquiry.
Can I improve my credit score?
Yes, you can improve your credit score by: • Paying bills on time. • Reducing outstanding debt. • Avoiding opening multiple new accounts simultaneously. • Regularly reviewing your credit report for accuracy and disputing any errors.
What is a credit score?
A credit score is a numerical representation of your creditworthiness, typically ranging from 300 to 850. It is calculated based on the information in your credit report and helps lenders assess the risk of lending to you. Higher scores indicate better creditworthiness.
What factors affect my credit score?
Several factors influence your credit score, including: • Payment History (35%): Timeliness of your payments on credit accounts. • Amounts Owed (30%): Total debt and credit utilization ratio. • Length of Credit History (15%): How long your credit accounts have been active. • Credit Mix (10%): Variety of credit accounts, such as credit cards, mortgages, and auto loans. • New Credit (10%): Number of recently opened credit accounts and inquiries.
How long do negative items stay on my credit report?
Negative information can remain on your credit report for varying durations: • Late Payments: Up to 7 years. • Bankruptcies: Typically 10 years. • Collections or Charge-offs: Up to 7 years. • Inquiries: Hard inquiries remain for up to 2 years.
Does checking my own credit report affect my score?
No, checking your own credit report is considered a soft inquiry and does not impact your credit score. Regularly monitoring your credit is a good practice to ensure accuracy and detect potential identity theft.
What makes ClearRiseCredit different from other credit repair services?
At ClearRiseCredit, we distinguish ourselves in the credit repair industry through several key factors: personalized credit solutions, comprehensive financial education, transparent and ethical practices, dedicated client support, and a proven track record of success.
Are there any misconceptions about credit repair you'd like to clarify?
What results can customers realistically expect from your credit repair services?
At ClearRiseCredit, we prioritize transparency and aim to set realistic expectations for our clients seeking credit repair services. You can anticipate identification and disputation of inaccuracies, guidance on positive financial behaviors, no guaranteed outcomes, and transparent communication.
Should I close old credit accounts I no longer use?
Closing old credit accounts can shorten your credit history and increase your credit utilization ratio, both of which may negatively impact your credit score. It’s often advisable to keep older accounts open, especially if they have no annual fees, to maintain a longer credit history and a lower utilization ratio.
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