Recent late paymentsOld collection accounts New collection accounts Too Many inquiries Judgements Tax liens Bankruptcies Then there is not so obvious: Outstanding balances on our credit cards (even when paid on time) Too much credit Credit from a Finance company Unexpected things happen to people everyday. Sometimes poor decisions are made like I did when I was young and thought there was no way back to good credit. Some once had great credit but because of a job lay off, an … (1 comments)
credit restoration: Can You Trust Credit Restoration Companies?
- 07/17/08 02:50 AM
I am often asked, "Can you trust credit restoration companies?" Is there anyone out there who does what they advertise? I must admit that many of these companies are not trust worthy. Beware of companies who make promises of guaranteed credit repair. The client is part of the guarantee. If the company does everything it is supposed to do and the client does not pay their current bills on time, the scores will not improve. Many companies want to keep their clients in their program as long as they can to make more money off of them. … (0 comments)
credit restoration: How Does Credit Card Debt Effect Our Scores?
- 07/16/08 03:11 AM
I am often asked about how credit card debt effects credit scores. You would be surprised how paying down your credit card debt can raise scores significantly. If we allow our balance to get to 50% of our credit limit, it effects our scores negatively even though we are paying them on time. If we can pay it down below 50% we will get an immedfiate score increase. If we can pay it down below 35% we get another score increase. If we can pay the balance down to zero we get our maximum score increase. It has been suggested by … (4 comments)
credit restoration: Is Credit Repair Really Legitimate?
- 07/15/08 03:08 AM
Is credit repair really legitimate? Can credit scores really be improved dramatically in a few months time? There is so much scam out there it is hard to know who you can trust and if it will really produce the results you are looking for. I know, I have had many come to my office who have been burned with false promises, high prices and poor results. They are afraid to trust anyone. "Credit Repair" has been given a bad name by those seeking to make money at the expense of their clients. Most companies want to keep you … (4 comments)
credit restoration: Anyone Can Turn Bad Credit Around
- 07/14/08 09:19 AM
If we understand credit it is our friend. If we don't understand credit it can be our enemy. Many people do not understand the basics of good credit nor do they know how to turn around their bad credit situation. There are certain fundamentals, if applied properly, that will turn any credit situation around. In my opinion there is no hopeless situation. A person with current lates, collections accounts, forclosures, reposessions or judgements can begin to work their way toward a healthy credit file. It also does not take as long as most people think. Within four to six months you can make a … (6 comments)
;)
;)
