Tatiana Shaginyan, Editor-in-Chief of New Times Magazine, hosts a dialogue with Denis Plaksin, Founder & CEO of Trusted Credit Repair, to explore how individuals can improve their credit history, avoid common financial pitfalls, and navigate the U.S. credit system effectively.
Tatiana:
Denis, welcome! Let’s start with the basics. What is Trusted Credit Repair, and what do you do?
Denis Plaksin:
Thank you for having me! My name is Denis Plaksin, and I have been in the financial sector since the 1980s. I founded Trusted Credit Repair 11 years ago in Florida, where we operate two offices. Our mission is simple: help people clean and build their credit history. Credit repair is a unique service primarily found in America, as credit history plays a crucial role in securing loans, buying homes, and making major purchases. Without a strong credit profile, people face financial limitations.
Tatiana:
Why is a good credit history so important in America?
Denis Plaksin:
In the U.S., your credit score impacts nearly every major financial decision—from buying a house or car to applying for a business loan. If your credit history is weak or damaged, you face higher interest rates, loan denials, or difficulty securing financing altogether. Lenders rely on credit reports to assess the risk of lending money. A good credit history means better loan terms, lower interest rates, and higher approval chances.
Tatiana:
Many people assume they need a bank account to have a credit history. Is that true?
Denis Plaksin:
No, not at all! A credit report is simply a record of borrowing and repayment behavior, not an indication of whether someone has a bank account. The modern credit system was created in the 1950s, introducing the FICO score as a way to measure an individual’s creditworthiness. Today, there are three major credit bureaus—Equifax, Experian, and TransUnion—that compile and track credit histories.
Tatiana:
Can someone build credit in the U.S. without an SSN?
Denis Plaksin:
Yes! You don’t need an SSN to start building credit. Many newcomers to the U.S. use an ITIN (Individual Taxpayer Identification Number) to open credit accounts. We help individuals obtain credit cards, loans, and even finance cars or homes—without an SSN. Later, once they receive their Social Security Number, their credit history seamlessly transfers.
Tatiana:
What if someone already has a credit history but it’s not great? Can you help?
Denis Plaksin:
Absolutely. Many credit reports contain mistakes that hurt people’s scores. These errors could be incorrect late payments, duplicate accounts, or outdated information. Our team specializes in identifying and correcting these errors, ensuring that our clients’ credit reports reflect accurate data. This can lead to an increase in their credit score within a few months.
Tatiana:
Do you help clients with business credit as well?
Denis Plaksin:
Yes! We assist entrepreneurs and business owners in building and cleaning their business credit histories. Many business owners make the mistake of using personal credit for business expenses, which negatively impacts their FICO score. Instead, we guide them in obtaining business credit cards and loans, keeping their business and personal finances separate.
Tatiana:
What are the top mistakes people make with credit?
Denis Plaksin:
The worst mistake is missing payments—even if it’s just $10. Even small unpaid balances can drop your credit score significantly. Another common mistake is maxing out credit cards. People think that just having a credit card improves their score, but if you use more than 30% of your limit, it can negatively impact your score. Also, closing old accounts shortens your credit history, which can lower your score.
Tatiana:
There are many credit repair scams out there. How can people spot them?
Denis Plaksin:
Great question! Warning signs of a scam include: No written contract, unrealistic promises, and no refund policy. Always read reviews, check if a company has a real office, and ask for a clear breakdown of services before paying anything. At Trusted Credit Repair, we provide written contracts and a money-back guarantee if results aren’t delivered as promised.
Tatiana:
What’s next for Trusted Credit Repair?
Denis Plaksin:
We are expanding our educational resources, including YouTube videos on credit-building strategies, live Q&A sessions, and online credit literacy courses. Our goal is to empower people to take control of their financial future, not just repair their credit but maintain strong financial habits.
Tatiana:
Thank you, Denis! This was incredibly insightful.
Denis Plaksin:
Thank you! Looking forward to helping more people achieve financial success.
Contact Information:
📞 Office: (954) 228-7000
📱 Cell: (786) 809-6104
🌐 Website: www.trustedcreditrepair.org
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Services Offered::
✅ Free consultation and credit report analysis
✅ 100% money-back guarantee if no results
✅ Thousands of clients have improved their credit – now it’s your turn!
Credit Profile Preparation:
🏡 Home purchase assistance
🚗 Auto purchase assistance
💰 Financing solutions
Specialized Services:
✔️ Credit history repair (removal of negative items)
✔️ Credit score boosting (rating enhancement)
✔️ Hard inquiries removal
Business Credit & Financing:
💼 High-limit business credit solutions
🚀 Funding for new business ventures
