If you are one of the millions of people who lost a job in the last couple of years - you might have some "bad" marks on your credit report. Just because you had a few late payments, or lived off of your credit cards, or went bankrupt... or had a short sale...
There are things you CAN do to increase your credit score!
We get reports that tell us how much we can improve your score, and what to do to get there!
For most of our customers, it takes 90 to 180 days to get the score up high enough to qualify!
The TWO biggest mistakes we see people making right now are:
- Paying off collections without looking at the impact.
- DIY Dispute letters - this is an OLD "scam" that does not work!
I'm not suggesting that everyone needs to seek a credit repair specialist - however, if your score is in the mid 500s, you should seek some advice before just paying things off!
It could be that the cash you have would serve you better by paying a credit card down, or opening a secure credit card! It's also important to remember that your score could change based upon WHICH credit card you pay down!
If you have questions about your credit score, and want to know how to improve your FICO score, call Steve Thorne, FFSI 919-649-5058. Honest answers - isn't that what you really want?
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