Frequently Asked Questions

Whether you have good or bad credit is based on your credit history. Find out what your credit history looks like by checking your credit report. Your credit report has information about whether you pay your bills on time, what loans and credit cards you have (and the amounts you owe), and whether you've filed for bankruptcy.

The more positive information you have in your credit report, like on-time payments and low credit card balances, the better your credit score will be.

Credit bureaus sell the information in your report to businesses that use it to decide whether to loan you money, give you credit, offer you insurance, or rent or sell you a home. Some employers use credit reports to decide whether to hire you. Whether you have good or bad credit history also affects how much you'll have to pay to borrow money. If there's a lot of negative information in your report, you might have to pay more in interest.

Usually not, but it is possible. Companies that promise to repair your credit can't remove true information. However, negative information does go away over time.

Most negative information will stay on your report for 7 years, and bankruptcy information will stay on for 10 years. 

Luckily for you, at Clean My Credit AI, we will use innovative software that utilizes Artificial Intelligence that speaks to the 3 Credit Bureau's algorithms. Our success rate is much higher than the average credit repair company.

Monitoring your credit should be a serious matter to you. Good credit unlocks so many doors to growth and prosperity for you and your loved ones.

At CleanMyCreditAI, we are partnered with one of the best credit monitoring companies in the country, MyFreeScoreNow.com. A membership will show you all of the information that appears on all 3 credit bureaus (Experian, Equifax, and Trans Union) and alerts you the best pay by dates for all of your accounts. We are able to offer you a 7 day free trial when you sign on as a client.

Dispute it! Both the credit bureau and the business that supplied the information about you to a credit bureau are responsible for correcting inaccurate or incomplete information in your report. If possible, wait until the mistake is removed and the information in your report is accurate, complete, and up to date before you apply for a loan for a big purchase like a house or car, buy insurance, or apply for a job.

Payment History-Accounts for 40% of your score. The WORST offense that you can do is make a late payment. It shows up as a detriment for 7 years.

Credit Utilization-Accounts for 20% of your score. Ideally, you want to use no more than 30% of your available credit. For maximum funding opportunities, use 10% or less. Lending Institutions want to feel secure that if something detrimental happens to how you pay your bills, you will be able to pay using your available credit.

Age of credit-Accounts for 21% of your score. It matters how long you have had established credit accounts, and in good standing. Get credit NOW and NEVER cancel an account in good standing.

Balances across all accounts-Accounts for 11% of your score.  Balances across all accounts is the total amount you owe on all your accounts, like loans and credit cards. Higher balances may hurt your score while lower balances may help.

Credit Inquiries-Accounts for 5% of your score.  Recent credit checks is the number of hard inquiries on your credit report. A hard inquiry happens when a lender checks your credit report for a credit application. 

Available credit-Accounts for 3% of your credit score.  Available credit is how much credit you have available to use on revolving accounts. Having a high amount of available credit may slightly improve your score.