Credit Repair a Blessing ? or a Curse ?

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Credit will be worth more than money?? In many cases in order to get money this will be a true statement. The value that we put on our credit should out way the value on many so called assets we purchase on credit. Learning more and knowing more will be valuable as well. Trinity Enterprises has some great information below...

Original content by Cheryl Hinnant

Trinity Enterprises LLC feels as though education is the key to helping consumers out of debt on a national scale. It's not always a loss of income in which landed debt but lack of knowledge many times. Credit can be a blessing and can also be a curse. Blessing when it comes to the home buying process because the average consumer does not have the funds to purchase out right their dream home or even a car for that matter.

The side that can be a curse when there is excessive spending on credit cards and not enough discipline to pay the debt on time or income to substantiuate a payment. Rule of thumb to protect your credit when it comes to credit cards is never over exceed 30% of your available line of credit. With the way most interest is configure you will end of pay more interest than you borrowed from the line of credit. Make you minimum month payments on time. After 18 month good payment history do not hesitate to call the creditor and ask them to increase the limit give you more to borrow from. 888-461-8555 Ext:3

Many people do not know the difference between secured credit and unsecured so I will now take time to explain it and which is best for credit scores. Secured credit is basically your own money in which you have borrowed from. Bank will allow you a secured line of credit when in your own personal credit history is not to their standards. This can be because delinquent items listed on your credit report or can be because of lack credit. Most banks don't want to be the first to lend to you. Also beware of the start up credit cards as they have high moth fees and interests rates however not all start up or credit building credit cards work the same way.

Unsecured is just the opposite. So I'm saying there is no deposite necessary, well maybe a small set up or annual fee but it's in no way comparison to putting your own money in to get your own money out. If the bank gives you 500.00 in unsecured credit than it's money in which you didn't put in in order to get it out. This means you either had a decent credit history, made enough money, or show steady deposits in your bank account. Trinity Enterprises LLC encourages unsecured credit as is has the most impact to credit scores and in most cases the dollar amount if far large the secured lines of credit. 407-860-6330

This boosts scores because it says there was nothing that you had to so great in order to received credit or the funds that were extended to you. Another word of advice is to always have a steady Bank account and do not hesitate to ask your back about their credit lines and investment accounts. There's no need of having your funds in a bank in which the bank makes interest from your money and you do not see the benefits. I know personally Chase has an awesome money market account and is very reasonable with the interests rates on credit card.

If you were declined for a credit card from a Bank, ask the bank what credit bureaus did they pull from. This can be Equifax, Experian and TransUnion. If you need help in obtaining a copy of your credit report contact Trinity Enterprises LLC credit repair services base in Winter Park Florida. We can pull a copy of your credit report and tell you what items need improvement so that you are no longer declined for credit in the future.  Credit repair can be the difference between you getting unsecured credit or secured credit. High interest rates credit card are a bumper and have alot of people down these days but it doesnt have to be that way, get educated and fix your credit. Fixing your credit report can be a simple as hiring a professional or doing it yourself. I would advise if you do not have the time or patience to do it yourself to hire a professional because many consumer make their credit reports worse by not know how to removing the negative items causing them all to be updated dropping their scores. 888-461-8555 Ext: 3

Remember if you plan on challenging account your credit report the dispute type "account not mine" is not the solution as it could cause the item to be re-reported with an earlier date dropping the scores nearly 30 points per item re-reported.

Another word of advise.... You do not have to be bothered by collection agencies at work. The Fair Debt Collections act says they must respect your privacy. Just ask them not to call, if they continue to call, please contact Trinity Enterprises LLC Complaint's department and will aid you in filing a complaint. Now I have a covered quite a few thing, I trust that this has been education and music to your earns. Until next time... Trinity Enterprises LLC wishes you and wonderful day. 407-831-2525

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