Golden Road Credit Services Inc.

No. The three major credit reporting agencies (Experian, Equifax, and Trans Union) are non-governmental entities. These companies are paid by creditors and other financial and legal entities to report information on consumers' credit reports.

Yes! Every consumer has the legal right to correct information on their credit report. According to a 1997 study by the California Public Interest Research Group, 29% of the credit reports surveyed contained serious errors that could result in the denial credit, 70% contained mistakes or errors of some kind, 41% contained incorrect personal identification information and 20% were missing major credit cards, mortgages, loans or other accounts which are critical for demonstrating consumer credit worthiness. The Fair Credit Reporting Act passed in 1974 states that any information that is obsolete, incomplete, inaccurate or unverifiable must be deleted from the consumer's credit file permanently. In addition, there is no law (in any state) which requires any item, positive or negative, to appear on a consumer's credit report at all.

Credit reporting agencies have NO legal authority. They are simply private companies that are in the business of selling and maintaining personal credit information. Their income is generated by companies who pay them to maintain, update and supply your personal credit history.

Yes. The Fair Credit Reporting Act (FCRA) requires that information be changed if it is inaccurate, incomplete, outdated, or cannot be verified.

Usually not. On occasion, items which are removed come back on. This however is a rare case. When items are removed, they are not removed by GRCS, Inc. they are removed by the consumer credit reporting agencies themselves as a result of their investigations. The only way that an item is placed back onto your credit report is if the creditor re-reports it for some reason. Also, on occasion the creditors verify the information late, and the credit reporting agencies do have the right to re-enter the item on your report. In most cases, a creditor will not re-report past information, rather just report the current status.

NO! This is known as segregated filing. Unless you have a valid business registered, this would be a felony in most states. UNDER NO CIRCUMSTANCES WOULD WE EVER SUGGEST OR RECOMMEND THAT YOU GET A NEW S.S or E.I.N #. There are companies which use this method of “Quick Fix”. What they don’t tell you is that when you get a new EIN that a) its illegal and b) it is usually linked through the bureaus. If a creditor pulls your credit report, most likely the credit under both Social Security numbers will appear. The reports you get directly from the bureaus often will not show both, but a creditors pulled report will. Remember…. In most circumstances, this against the law!!

Though it is illegal to guarantee the results of the work, we do offer a money back guarantee based off the total number of items worked on. This is a one year (12 month) guarantee. After one year, provided that you have been keeping up with the payments and return of correspondence to us, we offer a return of money equal to the percentage of items that are still remaining, if you decide to quit using our services after a year. Or… we can continue working until the desired result is accomplished. The choice is yours.

You will receive the updated information directly from the Bureaus. We will provide you with instructions to forward all this information to us once you have received it. The results therefore are actually seen first by you. This gives you the opportunity to monitor the results of our work and our consistency in the correspondence with the Bureaus.

The following information can be found on your credit reports:

Public Records - This includes bankruptcies, judgments, tax liens, and in some states, foreclosures. Any court records, whether paid or unpaid, satisfied or not satisfied, are considered negative items by creditors.

Merchant Trade Lines – This includes all credit cards, mortgages, auto loans, lines of credit, department stores charge accounts, etc. If there is any history of late payments or defaults on your behalf, such as a charge off, repossession, or included in a bankruptcy, the item will be considered negative by credit grantors, whether it was paid up to date or no

Collections – When an account is defaulted on, often times it is referred to or sold to a collection agency. Collection accounts are considered negative items whether they are paid or unpaid. Often times, parking tickets and returned checks are also listed as collections on your credit report.

A) Anytime a potential credit grantor looks at your credit report, an inquiry will appear on your credit report. If this is an inquiry has been initiated by you, such as applying for a loan, rental, or credit card, this information can appear on your credit report for 2 years and will be seen by all credit grantors who pull your report. The second type of inquiry

B) When an inquiry is made by a credit grantor without your approval, for the purposes of making you a potential offer of credit such as credit card companies are wont to do. These inquiries do not affect your credit score. Also if you wish you may contact the consumer credit bureaus and asked to be excluded from all such promotions.

Yes. In this day and age more and more companies and fields of employment will check your personal credit history and use this as a factor as to whether to employ you or not. Law Enforcement agencies are a perfect example of this. They use the information provided in your credit report as part of their evaluation as to your dependability. This is yet another vital reason to keep your credit clean.

There are many different ways to obtain your credit report. If you have been turned down for credit in the past 30 days you may receive a free copy of your credit report by writing to the three major credit bureaus. You may also contact the consumer credit reporting agencies via mail, telephone, or online and request a copy. You may be charged a nominal fee if you have not recently been denied credit. We will obtain a copy of your credit report if you do not have one available to estimate the amount of trade lines where negative items have been reported.