When initially calling on a Wednesday, I spoke with a gentleman named Juan Regarding closed/charged off accounts on my credit report. He was very professional, and walked me through... read more the steps of emailing him my credit report for Equifax, TransUnion and Experian. He then explained that I would be assigned an agent by the name of Elizabeth and I would be contacted by her within 24 to 48 hours.
Sure enough within 48 hours on a Friday I was contacted by Elizabeth. Not only was Elizabeth professional, polite, and knowledgeable in this area she was also able to explain to me that I was in a very fortunate position Due to the amount of years these closed/charged off accounts have a accumulated (7 years). she explained to me that the accounts in-question will be permanently removed from my credit report On there own no later than the end of May this year.
I checked my CreditKarma account today and sure enough one of the three 3 total accounts was removed on its own Due to the 7 year mark. The next two would be by the end of April and May This year.
She advised me to get my annual credit report from all three bureaus in order to properly document it just in case they are not removed by the end of May this year. She had explained if my credit is not fixed on its own by July 2024 to contact her back To file a dispute.
The simple fact that this company was able to help me understand my credit, walk me through simple steps, and not charge me for it speaks volumes. Its rare to find an Honest company. So if you're reading this please know that you are in good hands.
Elizabeth THANK YOU!
Juan THANK YOU!
Robert G. 4/05/2024
I recently reached out to IMAX Credit Repair to address several credit issues, notably a number of credit card accounts in collections. My experience with them, especially with Elizabeth, was... read more nothing short of amazing.
From the beginning, Elizabeth showed a deep understanding of credit repair complexities. She was very knowledgeable and supportive. She provided practical, actionable advice that I could implement on my own, free of charge. This level of honest and direct assistance is rare in this city and speaks volumes about IMAX Credit Repair's commitment to genuinely helping their clients.
For a particularly complicated debt issue that involved a legal judgment, Elizabeth went above and beyond by referring me to a specialized law firm. This referral was instrumental in navigating the complexities of legal credit issues.
I am immensely grateful for the guidance and support provided, which has set me on a path to improve my credit score significantly. If you are facing credit challenges and need expert advice and genuine support, I highly recommend them!
Franco D. 1/18/2024
Ali and his team are the best. Not only are they sweet and professional they really keep you updated throughout the process. They have helped me twice my entire life... read more and both times were able to get late payments taken care of for me. I truly love them and run to them whenever I'm in credit trouble!!
Judith Shenelle G. 12/24/2023
I reached out to Ali Zane several months ago and he is the real deal. I am super satisfied with his expertise and he has earned my trust. Don't waste... read more your time and $$$ on other agencies. If you want to fix your credit, I HIGHLY recommend Ali to get the job done.
Tim A. 10/08/2022
I've had the good fortune of being assisted by Ali in the past & would HIGHLY recommend him & his associates.
William V. 7/22/2022
Ali is the best! He really takes his time explaining to you how you can fix your credit. A family member recommended him to me and he didn't disappoint. Building/fixing... read more your credit can be so stressful but Ali puts things in plain words and helps you take the right steps to achieve that. I would highly recommend him!!!!
Denise K. 1/21/2022
I was referred to IMAX credit by another credit repair firm in regards to removing late payments that were on my account. I scheduled a free consultation with Ali. Ali... read more is so genuine and caring, it's as if a good friend helping you with your troubles. Although I didn't end up needing Ali's services, I can vouch for him and his business - I very much so recommend Imax credit.
Jarred M. 5/29/2021
Ali and Samantha are the best team! My credit score was stunned last year and I spent months working with the bank myself without a result. I was... read more so exhausted contacting the bank myself - every time I called the bank representative I was given different information, different promises and timelines. I found Ali for help. Ali responded to my first inquiry extremely timely, and the communication was very professional and patient. I knew I was in good hand. In three months, the sting was removed from all my credit reports and my credit score is now fully recovered! Thanks Ali and Samantha, all the credit goes to you!
Rose Y. 5/05/2021
Ali is amazing! Ali and Samantha were able to restore my FICO score to where the score should have been all along. I had one small ding due to an... read more error made by a creditor and it stayed on too long on my report. That blemished also cost me about 50 fico points. Then came along Ali and the service his company provided. Ali and Samantha were wonderful with their communication (which was informative, thorough and often) and they were methodical. They had a plan and as long as we followed their plan, it all worked out in the end. I am thankful to be back in the 800 and above score! Thanks to them. Thank you, Ali and Samantha and the rest of the team that may have helped throughout the way.
Dane B. 3/31/2021
I moved and unintentionally missed my final utility bill. A few months later a late payment popped on my credit report. I consulted with Ali. He was... read more very detailed and was able to guide me through the whole process.
A week later I received a letter from the utility company that they will DELETE the negative record from my credit profile.
Ever wonder what FICO actually means, and what it has to do with your credit score? Behind every mystery acronym is (usually) an interesting explanation. In this case, it’s important to know where FICO came from and how it impacts your credit. Everything you ever needed to know about a FICO score is down below.
What does FICO stand for?
Fun Fact- FICO stands for “Fair Isaac Corporation,” a company that created the score of the same name. Dr. Earl F. Fitch started the first credit bureau in 1916 and the first FICO score was introduced in 1958!
How does a FICO score impact your credit rating?
The FICO Score is used by lenders to assess how risky it is to lend money to someone based on their credit history. Lenders have many different types of FICO Score models available, so not all borrowers are scored equally! A lender will typically use a “base” model, which will be applied to all FICO Score models. The base model is based on data from the three credit bureaus: Equifax, Experian, and TransUnion.
What are the different types of FICO Scores?
There are different FICO Scores used by lenders to assess risk, but there are also FICO Score versions used solely for personal use. FICO sells multiple FICO scores that can be purchased directly from their website. These scores look at your credit history and give you an idea of how lenders see the same information. Depending on what type of FICO Score you purchase, it can range from 300-850. FICO also offers a “FAKO” score, which is actually a credit score that’s been generated by one of the three credit bureaus – not FICO themselves.
List of Different FICO Scores Lenders May Use
FICO Score
FAKO Score
Base FICO Score
FICO Auto Score
FICO Bankcard Score
FICO Mortgage Score
FICO Personal Loan score
Usually, all of these scores are close to each other but can vary slightly depending on a lot of different factors. That’s why some people might be approved for one type of loan, but may be denied or receive a higher interest rate for a different type of loan despite having the same Base FICO score.
What are FICO scores used for?
Other than being a helpful number to know when applying for loans or credit cards, FICO Scores can also be useful in other ways! For instance, FICO Scores are often used to predict how likely people will be able to pay their bills on time. FICO scores can also help landlords determine the financial risks of renting out an apartment or home! Tier 1 credit is considered the best, and will generally qualify you for the most favorable loan terms.
Scores are also commonly used by employers to determine if someone is a good candidate for employment. FICO scores can even affect the rate of insurance premiums that an individual might pay!
How are FICO scores calculated?
Your FICO Score changes constantly based on your credit history. Each time you apply for new credit or make a late payment, FICO Scores are updated. FICO Scores have three categories of information that they take into account when evaluating your credit history:
– Payment History – 35% of the total FICO Score is determined by this category! Did you make all of your payments on time? Late or missed payments can really impact a FICO score negatively. (Read more about how to remove late payments from your report)
– Amounts Owed – 30% of FICO Scores are determined by this category. It’s important to know how much you owe in credit cards, student loans, mortgages, etc., and make sure that it doesn’t get too high or your FICO score will drop!
– Length of Credit History – The remaining 30% FICO Scores are determined by this category. FICO Scores like to see that you have had credit for a while, so making newer accounts can get your FICO score lower!
How to Check a FICO Score:
You can check your FICO score for free at myFICO.com, which is an independent FICO Score calculation site, not affiliated with any particular lender! Remember, it’s also important to check your FICO score periodically because it can change over time.
Is a FICO Score the same thing as a Credit Report?
Nope. FICO scores are not the same as credit reports, which you might already be familiar with if you’ve applied for a loan before! They only consider information from certain bureaus (Equifax, Experian, and TransUnion), whereas every bureau is included in a credit report. FICO Scores are updated often, whereas credit reports can keep track of your history for up to seven years!
What else do I need to know about FICO scores?
Keep in mind that FICO is just one of many factors used when deciding whether or not someone gets approved for a loan or credit card. FICO Scores are just one of the many tools lenders have to determine whether someone will be likely to repay what they owe on time!
If all this sounds intimidating and you want help enacting these principles, let us know. Our credit repair team is ready and waiting to help you max your FICO score up and to the next level.
Ali Zane – CEO & Founder Speaker
Ali is a credit repair advocate with nearly 20 years of experience providing his clients with high-level access to resources that resolve their credit problems. Ali became involved in the credit repair industry following his concern for a lack of ethical and effective credit repair services for consumers and mortgage lending professionals. He has written extensively on credit/finance and is a sought-after public speaker.
Ramsey for recent late payments, the only way to remove a late payment is if a creditor agrees to remove the late payment. And this maybe a bit complicate
When initially calling on a Wednesday, I spoke with a gentleman named Juan Regarding closed/charged off accounts on my credit report. He was very professional, and walked me through... read more 
Robert G.
Franco D.
Tim A.
William V.
Denise K.
Rose Y.
Daniel K.
2 Comments. Leave new
I have a recent late paymment with First Premier and GM financial, what can I do regarding that, I assume it is really damaging my credit ?
Ramsey for recent late payments, the only way to remove a late payment is if a creditor agrees to remove the late payment. And this maybe a bit complicate
But Here’s an article about this I’ve written: https://www.imaxcredit.com/how-to-remove-a-30-day-late-payment-from-the-credit-report/
After reading it and if you still need help reach out to our team for a free consult: https://www.imaxcredit.com/consultation/