Soaring Credit Club

🚀Credit restoration will NOT remove your legal liability for your debts. Even if you do delete your negative credit items from your credit report, you will still legally owe that debt. If you pay off the debt or collection, the damage will still remain to the credit report. DEBT OWED and CREDIT REPORTED are two completely separate elements.

🚀If you owe a creditor money, even if you get the account deleted from your credit report, you still owe that creditor money. They can still legally pursue you for that debt if they choose to do so. If you have a judgment, or garnishment of wages; having the item deleted will not make that debt go away. You will still owe the debt, even if the item is not on the credit report. The purpose of repairing your credit is so that future creditors who review your reports will not see the prior damage.

🚀This will help you get approved for the financing you need, and at a very good interest rate. You will also be able to re-negotiate with your current debtors when your credit profile is repaired, lowering both the interest rates and payments. There are endless benefits to having a great credit profile. Just keep in mind when you see those reports coming back with all those deletions, you do still owe those debts. One of the true rewards of credit repair is that nobody else knows that you owe those debts.

🚀Statute of Limitations (SoL)
Almost all the creditors on your credit report have a statute of limitations for how long they can attempt to collect on a debt. The Statute of Limitations is the legal time frame that the debt can be pursued through the court system. There are some accounts that have no statute of limitations.
Here’s a list of most of those types of debt: Federal Student Loans, Most Types of Fines, Past Due Child Support, Taxes and Tax Liens

Knowing how your credit score is calculated is an important step towards Financial Freedom!

Checkout this easy to understand chart.

We’re excited to be launching soon 🚀 make sure you’re following our page for solutions to all your credit and financial questions!