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It varies case by case. If there are inaccurate negative items reported on your credit, there is a high possibility that those will be successfully disputed and you could see improvements in your credit score in 4-6 months. On the other hand, if they are accurate negative items reported on your credit, chances are, it’s going to take longer than 6 months. There is no definite deadline.

Remember this, even though you think that all of your negative items are accurate based on the decisions you had made in your past, there is a chance some of the information that the creditors have sold off is inaccurate. And the inaccuracy of that information can affect almost everything you want to do, from renting an apartment, getting a car, so it is crucial that the information is substantiated, updated and accurate. Zenith Financial Group can help you evaluate the items on your credit report and intervene with your creditors to help confirm these standards in regards to the information they report to the bureaus. Contact us today, get your free consultation, and see what we can do for you, the results might shock you.

You might think that doing a credit repair after you’ve filed bankruptcy is a bad idea. But frankly, it’s the most brilliant idea to have someone check and report those revised items that have been reported incorrectly. Zenith Financial Groups team of experts is there to help you out in this devastating journey that bankruptcy puts you through, by reporting and requesting removal of the inaccurate items on your report. Making it easier for you to cope and take control of your situation

Think of what factors in your life does credit have an impact on. Yes, you’re right, almost everything. Having a good credit can save you thousands of dollars, whether you’re dealing with loans, credit cards, or even insurance companies. A good credit allows you to live a quality life with a low cost. Considering the immense impact credit has on your life, the cost of a credit repair is worth it. Fortunately, Zenith Financial Group offers flexible payment plans that could be set based on your financial situation. Allowing you to live a quality life with less to worry about.

Zenith Financial Group has different plans for everybody based on the analysis that is done by its experts on the person credit report.
We get and analyze your credit report to help you identify the items that are in your report. By analyzing your report and discussing the items with you we can start your credit repair process.
We will Challenge the items you identified with your creditors and/or the credit bureaus. We will reach out to the creditors and help resolve the issues in a timely manner. We also interact with the credit bureaus to make sure that the information that the changes taking place are being reported on your credit. Fortunately, Zenith Financial Group has board certified consultants and experts that are well aware if the consumer protection laws and the time the regulations carry.

It’s time for you to face your credit score issues, and let us improve your credit score by reporting, and removing your items. Your second chance is our first priority.

Even though repairing your credit could be done by yourself, but asking for help from a credit repair expert can help you save lots of time and money.
Here’s a list of the things a credit repair expert can do for you :

  1.  Read and analyze your report
  2. Inform you of ways to improve and maintain your credit score
  3. Intervene with credit bureaus and creditors to resolve issues on your behalf.
  4. Working within the Federal Consumer Protection Laws to help you get the credit you want.

Here at Zenith Financial Group we o all that is within our ability to get you to the score that you deserve.

There is no minimum time for negative items to remain on your credit report. Creditors provide information to the credit bureaus, and just like reporting to those negative items they can also choose to remove them. Under The Fair Credit Reporting Act, all reported information must be fair, accurate and substantiated. If these information’s are not validated, the credit bureaus are obligated to remove them from your credit report.

Maximum Limits
Two Years
• Inquiries

Seven Years
• Civil suits, civil judgments, and records of arrest (foreclosures, child support, and small claims) will remain for seven years, or until the governing statute of limitation has expired, whichever comes first.
– Paid tax liens
– Collection accounts
• Adverse items of information (excluding records of convictions of crimes)
• Closed accounts from day of reported closing if delinquencies exist
• Late payments
• Charge-offs
• Paid student loan default
• Lost credit card incidences, if there is a delinquency
Ten Years
• Bankruptcy (Chapters 7, 11, 12, and 13)

• Unpaid tax liens, unless a state law exists with greater consumer protections
• Unpaid federal student loans
• Criminal convictions

Although a collection account can remain on your credit report for up to seven years, but debt validation and other strategies could make a huge difference in removing those accounts. The experts at Zenith Financial Group are here to help you every step of the way by looking for the best ways to manage your credit.

Based on consumer laws you have the ability to question the creditors regarding the accounts that have been reported to the credit bureaus. The information in the credit report must be within the consumer protection standards. The information should be accurate, fairly reported and fully substantiated. Our credit consultants can answer all of your credit related questions and guiding to increase and maintain your credit score. Call us today at 818-200-0000 and get your free consultation.


If you are facing financial hardship and are unable to pay your medical bills, credit card bills and other debts that you have, it may seem unreal to be able to pay less than you owe and get rid of the mental pressure that is on you so quick. We are often asked, if debts settlement is legal and safe, or how it will have an effect on credit. For you to make the best debt settlement decision based on your situation, we have listed some questions and answers below.

Debt settlement also known as debt negotiation, is the process of negotiating a debt to reach a certain amount. It is either paid in lump sum or payment plans depending on different factors. Often when you hear inaccurate information such as “you can pay off the debt for pennies on a dollar” you are being misled. In most cases the debt can be settled for 15 cents to 80 cents on the dollar. Debt negotiation is very effective for consumers that have fell behind on their bills, and/or facing financial hardships. It is often asked why creditors would choose to settle when they can get more money by charging interest, fact is, they know that when someone is facing financial hardship things may get out of control and they may file bankruptcy. Hence, it would make more sense for them just to settle for a lower amount than to get nothing at all.

Bankruptcy may be a quick relief from your debts, usually referred to as a “Chapter 7 Bankruptcy”. In cases where you will have to pay a percentage of your debt back over a period of time is known as “Chapter 13”. Bankruptcy protects you legally from being sued or harassed by creditors while in the process. Often reputable debt settlement companies will help to minimize the calls from the creditors, debt settlement does not offer the same legal protection that a bankruptcy does. Not everyone can qualify for a full liquidation (forgiveness) of your unsecured debts under chapter 7 bankruptcy, especially from the changes that took place in bankruptcy reforms of 2005. Under chapter 13 bankruptcy, you are required to make court-ordered payments to a trustee, and might also have to surrender some of your assets.

A couple of couple of things our debt specialists will do before the enroll you for a debt settlement program is to analyze your situation, and based on that they will advise you to whether you should settle having in mind the credit damage you will face or you should continue making your monthly payments, and how much those payments should be. Usually for those facing true hardships settlement programs from reliable firms are good options.

With the current economic issues and due to the high number of unemployment, many one night companies have bloomed out offering financial services and debt settlement to consumers. They often offer unreal settlements or monthly payment promises just to make money quickly at your cost. A legitimate debt settlement company had trained and certified experts that analyze your situation and advice you accordingly.

Creditors usually want to see that you are facing financial hardships before they accept settlements, therefore if you are current on your monthly payments chances are they won’t settle. You may have to voluntarily stop paying your unsecured debts, allowing them to go into delinquency before settling. However, secured debts such as home loans or car loans should be paid on time to avoid repossessions or foreclosures. Your credit will be adversely affected by not paying your unsecured debts. But in some cases it is better than having to file bankruptcy. In a debt settlement program your balances are usually reduced and are settled in full which gives you the chance to start recovering.

If your debts add up to less than a $10,000, you may consider talking to the creditors yourself. But if the amount that you owe is over $10,000 it is better to have a professional in a settlement firm to handle your debts.

Negotiating a debt is difficult for an unexperienced individual as they might not be able to determine whether the settlement offer is fair or not. In addition, it is difficult to manage the accounts while handling your job, family, household, etc. Hiring an expert with the required experience can definitely save you more money. And help you start over in a timely manner.

The IRS in the United States considers debt which is forgiven as income. Meaning if you have $20,000 debt and manage to settle it for $10,000, the difference is taxable as income since it is not repaid. Often, the IRS will waive this tax liability, if you can show that you were insolvent during the time that you had that settlement. We recommend you to contact your accountant or tax professional for more information.

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