FAQ’s
| Question : Do I have a right to know what’s in my credit report? |
| Answer : Yes, you have the right to know what’s in your report, but you have to formally request the information. The consumer reporting agency must tell you everything in your report, and give you a list of everyone who has requested your eport within the past year — or the past two years if the requests were related to employment. |
| Question : Does paying off collection accounts improve my credit score? |
| Answer : As crazy as it may sound, paying a collection account can actually reduce your credit score. Here’s why: some credit scoring software reviews credit reports for each account’s date of last activity to determine the impact it will have on the overall credit score. When payment is made on a collection account, collection agencies sometimes update the credit reporting agencies to reflect the account status as “Paid”. When this happens, the date of last activity becomes more recent. Since the guideline for credit scoring software is the date of last activity, recent payment on a collection account damages the credit score more severely. |
| Question : In addition to credit repair, do you also help me rebuild my credit report? |
| Answer : Yes! We believe that repairing your credit is only one of the steps towards winning financial freedom. We also guide you through various solutions which can also have a positive impact on one’s credit score. |
| Question : Why are my three credit scores different from one another? |
| Answer : There are three primary credit bureaus. They are Experian, Equifax, and TransUnion. Each of the three bureaus uses the same basic FICO scoring model although each of the bureaus has re-branded the score name for their own marketing. There can be differences in your scores for a number of reasons but the two most common are; not all creditors report to all three bureaus, and, the timing of the inclusion of information by each bureau is different. If you used a credit card recently the new balance is likely to be reported by each bureau at different times. |
| Question : Am I kept updated during the credit repair process? |
| Answer : Yes! You are updated first hand of all activity related to our efforts. You are kept informed during every step of the process. |
| Question : Is there a charge for my credit report? |
| Answer : Under the Free File Disclosure Rule of the Fair and Accurate Credit Transactions Act (FACT Act), each of the nationwide consumer reporting companies is required to provide you with a free copy of your credit report once every 12 months, if you ask for it. |
| Question : Is Pegasus affiliated with the “Priority Check” service? |
| Answer : Yes! Contact us now to see how it can benefit you! |
| Question : What are the benefits of higher credit scores? |
| Answer : In addition to having more buying options, you can also enjoy much lower interest rates, which frees up more discretionary money for you! With the ongoing credit crunch affecting all aspects of lending, maintaining higher credit scores has never been more important. Choosing Pegasus is the first step. |
| Question : Are you able to provide quick results? |
| Answer : Yes! Complete our Enrollment Agreement now and begin enjoying the benefits of Pegasus immediately! |
| Question : How do I order my free credit report? |
Answer : The three nationwide consumer reporting companies are using one website, one toll-free telephone number, and one mailing address for consumers to order their free annual report. To order, click on annualcreditreport.com, call 1-877-322-8228, or complete and mail the Annual Credit Report Request Form found by clicking ftc.gov/credit. You are permitted to request all 3 of your free annual reports at once. The law allows you to order one free copy from each of the nationwide
consumer reporting companies every 12 months. |
| Question : Am I able to pay for your services monthly as opposed to one lump sum? |
| Answer : Yes! We realize first hand how tight household budgets are these days. As a service to you, we allow you to make your payments to us on a monthly basis and give you a variety of payment methods to choose from. |
| Question : Does Pegasus accept credit cards? |
| Answer : Yes! Credit cards are one of the payment methods we accept. We also allow you the opportunity to invest directly from your bank account. Complete our Enrollment Agreement now to choose the option that’s best for you. |
| Question : Can I sign up a spouse or loved one and receive a pricing discount? |
| Answer : Yes! Complete our Enrollment Agreement now and enjoy a pricing discount when two of you join the credit restoration movement.Request your Free Credit Repair consultation now to learn more about how Pegasus may be able to help you. |
Contact us now to learn more about how Pegasus may be able to help you.
