5190 NW 167 ST SUITE 107 MIAMI LAKES, FL 33014|INFO@LITS-SERVICES.COM

FAQ

No. In some cases the tracker graphic will not be shown if your return is being reviewed prior to step two: “Refund Approved,” and instead an explanation or instructions will be provided depending on the situation. This can happen even if you previously checked Where’s My Refund and it showed the status as “Return Received” along with the tracker. In these cases be assured that we have your tax return and we are processing it. Please follow the directions provided by Where’s My Refund?. Otherwise if we need more information we will contact you – usually by mail. If we send you a letter about your return, please follow the instructions in the letter as soon as possible.

This means the IRS has processed your return and your refund has been approved. The IRS is now preparing to send your refund to your bank or directly to you in the mail if you requested a paper check. This status will tell you when your refund is scheduled to be sent to your bank and, if you elected the direct deposit option, a date by which it should be credited to your account. Please wait until it’s been five days from the date we sent the refund to your bank to check with your bank about the status of your refund. This time frame is provided to allow for the variations in how and when banks deposit funds.

Sometimes your status may change from “Return Received” to “Refund Approved” in just a few days, but it could take longer and a date will not be provided until your refund has been approved. However, if Where’s My Refund? shows the status of your refund is: Return Received we have received your tax return and we are processing it.

This means we have your tax return and are processing it. Your personalized refund date will be available as soon as we finish processing your return and confirm that your refund has been approved. We issue most refunds in less than 21 days.

Where’s My Refund? updates are made no more than once per day, usually at night. So there is no need to check more often.

You can start checking on the status of your return within 24 hours after we have received your electronically filed tax return or 4 weeks after your mail a paper tax return.

Use the Where’s My Refund? tool to follow your tax return from receipt to issuance of your refund. While your tax return is being processed you can follow it through three stages: Return Received, Refund Approved and Refund Sent.

Calling the IRS will not speed up your refund. Their phone and walk-in representatives can only research the status of your refund if it has been 21 days or more since you filed electronically, more than 6 weeks since you mailed your paper return, or Where’s My Refund? directs you to contact them. If we need more information to process your tax return, we will contact you by mail. Otherwise Where’s My Refund? has the most up to date information available about your refund. Use the IRS2Gomobile app or use the Where’s My Refund? tool. Both are available 24 hours a day, 7 days a week.

Where’s My Refund? Will not give you a refund date right away. We must first receive your tax return and then we have to process it and approve your refund. Where’s My Refund? will give you a personalized date once your refund is approved.

Use the IRS2Go mobile app or the Where’s My Refund? tool. You can start checking on the status of your tax return within 24 hours after we have received your e-filed return or 4 weeks after you mail a paper return.

If we need more information to process your tax return, we will contact you by mail.

IRS representatives can only research the status of your return if it’s been 21 days or more since you filed electronically, more than six weeks since you mailed your paper return, or if Where’s My Refund? Directs you to contact them. To Contact the IRS telephone number is 1-800-829-4933. However, given their limited resources, phone lines are going to be extremely busy this year – and there will frequently be extensive wait times.

You must wait until the 22nd day to contact your tax preparer or the IRS, your tax preparer cannot request any information until all 21 days have past.

We issue most refunds in less than 21 calendar days.

This means the IRS has sent your refund to your financial institution for direct deposit. This status will tell you when your refund was sent to your bank. It may take your financial institution 1 – 5 days to deposit the funds into your account. Please wait until it’s been five days from the date we sent the refund to your bank to check with your bank about the status of your refund. This time frame is provided to allow for the variations in how and when banks deposit funds. If you requested a paper check this means your check has been mailed. It could take several weeks for your check to arrive in the mail.

Your refund should only be deposited directly into accounts that are in your own name, your spouse’s name or both, if it’s a joint account. Also, no more than three electronic refunds can be directly deposited into a single financial account or pre-paid debit card. Taxpayers who exceed the limit will receive an IRS notice and a paper refund.

Lits Credit Consultants helps you improve your credit score by removing false or erroneous information from your credit report. Your credit score is determined by the information on your credit report, so by ensuring the details are both fair and accurate, Lits helps you ensure that your credit score reaches its maximum potential.

The Federal Fair Credit Reporting Act (FCRA) states that, upon request, credit bureaus investigate and verify the accuracy and integrity of information in existing credit reports within 45 days. In that time, all information must be verified accurately or removed from the credit report entirely. Upon correction, bureaus are required to send the consumer a fresh, updated credit report.

Helping you navigate complex credit laws, decipher credit reports, choose which information to dispute and repair your credit score, are Lits’s goals. Lits’s expertly trained and experienced credit specialists can quickly help you, the consumer, identify areas of potential concern (including duplicated information, paid accounts that show an unpaid balance and collection accounts that keep “resetting” the last date of activity). By properly and legally removing inaccurate and false information from your credit report, your credit score can increase significantly.

By understanding the details that affect your credit score in both good and bad ways, and by creating a specific strategy, Lits can assist in getting your credit score back on track, so that you may obtain the quality financing you both deserve and need.

Seeing as credit bureaus have 30 to 45 days to respond to credit information inquiries and disputes, it usually takes about 30 days for a client to begin seeing credit repair results. It is important for consumers to understand that it has taken a long time for their credit to get to the point it is at, and it can take some time to repair it. Fixing credit requires experience, persistence and lots of patience. Most clients choose to remain with Lits for at least six months in order to optimize their credit repair results.

At Lits, we know results are important to you. And since bureaus, by law, have a 30- to 45-day grace period; we begin sending your credit disputes out immediately, so that you will start seeing results as soon as possible.

One key to seeing results is to keep new, negative data from appearing on your credit score during the credit repair process. Provided there is no new negative information being added to your credit report, you should begin to see gradual improvements in your credit score as subsequent dispute letters reach their destination and more information is removed.

Lits Credit Consultants can help remove inaccuracies from your credit report, which in turn improves your credit score and credit history. Lits works to remove information that is investigated and found by credit bureaus to be incorrect, inaccurate or unverifiable.

Each of the three primary credit bureaus (Equifax, Experian and TransUnion) updates billions of pieces of credit information monthly. With so much information being processed, mistakes are inevitable, and therefore new errors are appearing on credit reports on a daily basis.

These inconsistencies on your credit report can come by way of late payments, charge-offs, bankruptcies, tax liens or collections. Regardless, mistakes almost certainly exist somewhere on your credit report, and it is important that these inaccuracies be identified and remedied in order to begin repairing your credit score.

At Lits, we’ve helped clients deal with a multitude of unique situations: medical bills that are supposed to be covered by insurance but show up as a late payment; a home refinancing that results in the consumer being caught between lenders and burdened by false late payment claims; lingering negative credit information following a bankruptcy or divorce; and “blended” credit reports, where the consumer is penalized simply for sharing a common last name or an address.

Another common problem is that inaccurate reports often go undetected by consumers. So, what started off as a relatively minor late payment assessment can progress to a charge-off, eventually be sent to collections and even become a judgment or public record. Credit report inaccuracies can also include unrecognized or misplaced debt (i.e. debt that did not even belong to you in the first place).

All of the aforementioned issues can negatively and significantly impact your credit report, and thus your credit score. These credit report errors can be especially frustrating to the consumer applying for a new credit card or preparing to buy a new house or car.

But the good news is Lits can help correct these inaccuracies, so that your report shows all the positive credit history you deserve. Because negative information can be so damaging to a credit score, it is essential that you fix your credit where you can, so that your score most accurately represents you.

That is why we encourage consumers and potential clients to check credit reports regularly. If you find data that you believe to be inaccurate, Lits can quickly and legally help correct the erroneous data, restoring your credit report and saving you thousands of dollars in the process.

The core asset of Lits credit repair business is mutual trust. Lits strives to exceed our client expectations of credit repair, with a special emphasis on our personal credit repair service.

That’s why our primary focus is to build long-term relationships with our clients. We make sure each client gets individual attention, unlike so-called credit repair mills.

Lits is not a repair mill, and we concentrate on personal service heavily. Personalized credit repair service improves our client experience, and we work to maintain frequent communication between our credit repair service team and every client we have.

We proudly assist thousands of clients, year after year. To make sure we continue to provide the best credit repair service available, we also monitor federal regulation carefully.

Quality credit repair service demands strict security, and we protect your privacy with stringent security measures. Working to safeguard the integrity of your personal information further reflects Lits’s dedication to superior credit repair service.

Lenders look at your credit report to see if you are able to manage credit responsibly, but they also get a credit score from one of the credit reporting agencies. These scores are known generically as FICO scores. That’s because the credit reporting agencies use Fair, Isaac & Company to create their proprietary credit scoring models. A credit scoring model estimates your creditworthiness based on the information in your credit report. Outstanding credit lines aren’t bad, but they can reduce the amount of money that a mortgage lender is willing to loan you. That’s because the lender can’t stop you from using those lines, and if you overextend yourself you’re less likely to be able to make the mortgage payment.

 

Lits Credit Consultants is one of the best credit repair services available because we get results. By offering the best report analyses, fast credit score turnarounds, ongoing updates and the most attentive and professionally-trained credit repair consultants, we outperform our competitors significantly.

Lits is one of the fastest-growing credit repair services in America, and that growth is a testament to the quality credit consultation we provide. Most of our clients come to us through word-of-mouth referrals from our previous customers, and from industry professionals such as mortgage brokers or loan officers.

Lits’s credit repair strategy eliminates the stress of “doing it yourself” by continuing to provide personalized service for our thousands of individual, active clients. By combining credit repair strategies with direct financial consulting, Lits provides unparalleled service.

If you have bad credit, invalid account information, a desire to improve your credit rating and don’t have time to write letters and chase down creditors, Lits is the credit repair service for you.

Collections agencies are not known for their kindness. However, most collections companies are willing to negotiate the amount due with a motivated consumer. If the debt owed is valid, Lits can recommend a settlement that minimizes damages to your credit rating.

Valid or not, however, the information is often added to your reports by automated systems, often incorrectly “bumping” the date of last activity in the process. As a result, whether the collections account is open or settled, Lits can help correct or settle inaccurate negative listings from collections agencies.

Successfully removing a collections account is often a matter of patience and endurance, but eventually nearly all misleading problems can be resolved. Due to the volume of collections agencies throughout the United States, with statues and laws changing across borders, Lits often recommends that a consumer with one or more collections accounts speak with our consultants

Yes, within certain boundaries. Collections agencies want to talk to whoever can pay the outstanding debt — and usually nobody else. Valid or invalid, legitimate or completely false, collections usually want just one thing: paid.

Lits can help with invalid collections accounts, and we can also provide advice on methods by which to best settle legitimate collections without further damaging credit ratings in the process. Some consumers pay invalid collections due to pressure and leverage applied, and in such cases, Lits can work to help remove this misleading, inaccurate history from credit reports.

According to a study by the Federal Reserve Board, 79 % of credit reports have errors or inaccuracies. It is those inaccuracies that can cause potential lenders to see you as a “credit risk,” making it difficult for you, as a consumer, to procure car loans, home mortgages and lower credit card APRs.

Even if you can obtain a car loan or a home mortgage, a poor credit score can still be costly by way of inflated interest rates and penalties. For example, let’s say you have a relatively low, outstanding home mortgage of $150,000. The chart below shows how bad credit can result in exaggerated interest rates, leading to an excessively expensive home mortgage rate. At its worst, a poor credit score can nearly double the cost of your new home!

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The same holds true with automobile loans. As the chart below indicates, a poor credit rating can result in thousands of dollars extra in overall interest costs. By improving your credit score just a few points, the money you save can be enough to fill your gas tank for the entire month.

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Let`s assume you are carrying $8,000 in credit card debt. Additionally, let`s assume that you budget $175/month to service this debt. Below are the results of bad credit, average credit, and excellent credit scores on your payment “sundown” and amounts.

As shown, a consumer with bad credit will pay more with higher interest rates, and at a high APR, consumers with bad credit can make minimum payments and yet remain in debt for decades. Bad credit means higher interest rates, period.

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Fixing your bad credit ultimately saves you money, and even a few points’ improvement on your credit score can save you thousands of dollars in the long run. Optimizing your credit profile by disputing inaccurate data can help you get the financing, and low interest rates, you deserve.

 

We can’t guarantee you a specific credit score, because there are so many factors in the credit reporting system that it would be misleading to promise that. What we will promise you, however, is that we will complete certain activities for you that are likely to lead to higher credit scores, and also advise you on little-known behaviors you can adopt that can improve your credit scores. Some of the specific things you will receive from your Lits service modules include:

  • A credit report.
  • An analysis of your credit report by a professional, who will identify possible errors and omissions that are artificially lowering your credit scores.
  • Access to trained credit consultants to answer your questions and give you advice on other things you can do to improve your credit scores.
  • Online account access to monitor the progress of the activities that Lits is performing on your behalf.
  • Correspondence prepared on your behalf, submitted to the credit bureaus for verification, clarification, or correction of credit trade lines.
  • Concise, actionable tips and tutorials that will guide you to behaviors for optimal credit scores.

Lits Credit Consultants is one of the best credit repair services available because we get results. By offering the best report analyses, fast credit score turnarounds, ongoing updates and the most attentive and professionally-trained credit repair consultants, we outperform our competitors significantly.

Lits is one of the fastest-growing credit repair services in America, and that growth is a testament to the quality credit consultation we provide. Most of our clients come to us through word-of-mouth referrals from our previous customers, and from industry professionals such as mortgage brokers or loan officers.

Lits’s credit repair strategy eliminates the stress of “doing it yourself” by continuing to provide personalized service for our thousands of individual, active clients. By combining credit repair strategies with direct financial consulting, Lits provides unparalleled service.

If you have bad credit, invalid account information, a desire to improve your credit rating and don’t have time to write letters and chase down creditors, Lits is the credit repair service for you.

We can’t guarantee you a specific credit score, because there are so many factors in the credit reporting system that it would be misleading to promise that. What we will promise you, however, is that we will complete certain activities for you that are likely to lead to higher credit scores, and also advise you on little-known behaviors you can adopt that can improve your credit scores. Some of the specific things you will receive from your Lits service modules include:

  • A credit report.
  • An analysis of your credit report by a professional, who will identify possible errors and omissions that are artificially lowering your credit scores.
  • Access to trained credit consultants to answer your questions and give you advice on other things you can do to improve your credit scores.
  • Online account access to monitor the progress of the activities that Lits is performing on your behalf.
  • Correspondence prepared on your behalf, submitted to the credit bureaus for verification, clarification, or correction of credit trade lines.
  • Concise, actionable tips and tutorials that will guide you to behaviors for optimal credit scores.

Seeing as credit bureaus have 30 to 45 days to respond to credit information inquiries and disputes, it usually takes about 45 to 60 days for a client to begin seeing credit repair results. It is important for consumers to understand that it has taken a long time for their credit to get to the point it is at, and it can take some time to repair it. Fixing credit requires experience, persistence and lots of patience. Most clients choose to remain with Lits for at least six months in order to optimize their credit repair results.

At Lits, we know results are important to you. And since bureaus, by law, have a 30- to 45-day grace period, we begin sending your credit disputes out immediately, so that you will start seeing results as soon as possible.

One key to seeing results is to keep new, negative data from appearing on your credit score during the credit repair process. Provided there is no new negative information being added to your credit report, you should begin to see gradual improvements in your credit score as subsequent dispute letters reach their destination and more information is removed.

You sure can! Many consumers want to fix their credit report on their own. Some consumers have read, per the Federal Trade Commission, that DIY credit repair is just as effective as any credit repair company’s services. In fact, the FTC states: “there’s nothing a credit repair agency can do that you can’t do yourself.” The same holds true for repairing your car or mowing your lawn, but that doesn’t necessarily mean you want to do it yourself. And while you can do your own taxes, most of them prefer a professional accountant to help with such services in order to guarantee credibility and accuracy.

It’s a fact that DIY credit repair can be effective and inexpensive (the Web is packed with cheap or free credit repair kits, forums and books), but it can also be time-consuming and difficult due to the intricacies of credit law and the extensive efforts involved in contacting dozens — or even hundreds — of creditors.

So in the end even credibility, accuracy and efficiency — all features you get with Lits — pale in comparison to the convenience we provide our clients. The reality is that most “do it yourself” get bogged down by a lack of time and experience. Lits provides a convenient and trusted alternative that allows you to avoid the hassles and long hours involved with credit repair.

Our support and encouragement goes out to those consumers who spend countless, untold hours researching credit repair books and online forums before typing, printing, addressing, stamping and sending dispute letters, only to wait for replies and do it all over again. But remember, disputing your credit report is only half the battle when it comes to repairing your credit. With Lits, one call does it all — quickly, legally and efficiently.

That`s a decent start. If you need any further assistance, please call or chat with our credit repair representatives, especially if your “do it yourself” credit repair bogs down. However you go about it, Lits’s credit repair team is ready to help you optimize the accuracy on your most important financial asset: your credit reports and scores.

  • Pay your bills on time. Delinquent payments and collections can have a major negative impact on a score.
  • Keep balances low on credit cards and other “revolving credit.” High outstanding debt can affect a score.
  • Apply for and open new credit accounts only as needed. Don’t open accounts just to have a better credit mix — it probably won’t raise your score.
  • Pay off debt rather than moving it around. Also don’t close unused cards as a short-term strategy to raise your score. Owing the same amount but having fewer open accounts may lower your score.
  • Make sure the information in your credit report is correct. It won’t affect your score to request and check your own credit report. If you find errors, contact the credit reporting agency and your lender.

They’re looking at the total picture and you should, too. One account isn’t going to make or break your credit score and limit your ability to get a mortgage. Look at all your outstanding credit relationships. One way to see where you stand currently is by ordering a copy of your FICO score from Fair Isaac in partnership with Equifax — a credit reporting agency. The introductory price of $12.95 is reasonable when you consider that in most states you’re charged $9 for a copy of your credit report and for $12.95 you get both a copy of your Equifax credit report and your FICO score FICO score Your FICO score is a credit rating produced by Fair, Isaac and Co. It’s used by most lenders to help them decide whether you’re a good credit risk. Fair, Isaac crunches the numbers from your credit report, and spits out a score somewhere between 300 and 850. A low score says you’re a bad credit risk, a score of 750 or higher puts you in the catbird seat. Here are the factors considered when calculating your FICO score and an estimate of how heavily each factor might be weighted.

  • Past payment history (35 percent): bankruptcies, late payments, past due accounts and wage attachments
  • Amount of credit owing (30 percent): amount owed on accounts, proportion of balances to total credit limits
  • Length of time credit established (15 percent): time since accounts opened, time since account activity
  • Search for and acquisition of new credit (10 percent): number of recent credit inquiries, number of recently opened accounts
  • Types of credit established (10 percent): number of various types of accounts (credit cards, retail accounts, mortgage)

Can I get lenders to remove charge-offs from my credit report? When a lender gives up on collecting a debt, calling it a charge-off, it stays on your credit report for seven years from the date of last activity. Normally you can’t get the lender to remove the charge-off, however, there’s no harm in asking. What you really want to concentrate on is having the charge-off reported as being paid in full, even if you negotiate a settlement,

A consumer credit counseling service will help you get out from under credit card debt, but it’s your money, not their money, that gets the job done. A credit counseling service will negotiate with your creditors to arrange a repayment schedule and may be able to lower the interest rate on your credit cards. Using a credit counseling service can affect your credit rating because your creditors will note that your bills are not being paid according to the original credit terms. That said, there is less stigma attached to credit counseling than there would be to a bankruptcy showing up on your credit report. Consider credit counseling if you can’t figure a way out from under your current debt load. Remember that even though most credit counseling services are nonprofit organizations, that don’t mean that they won’t charge a fee for their services. Most agencies get at least part of their compensation in payments from your creditors.