Fix a Bad Credit Report
If you have requested your credit report and gotten a shock from a low score, we can help. Those who want to fix a bad credit report know that they have options which can make the process of rebuilding one's life easier. Good credit is more important than ever, with more and more opportunities dependent on having the right score. Here's what you need to know about credit scores, how they impact your life and how to fix a bad credit report.
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Credit Scores
Your credit score is a statistical measurement of your likelihood to pay off a debt (or to default), and is calculated by three major credit reporting bureaus: Equifax, TransUnion and Experian. Arranged traditionally on a FICO scale of 300-850, most people are over 600 and 723 is the median score - anything 750 or higher is considered to be fairly good credit. Over 800 is the best.
Two-thirds of your score is determined by your payment history and your credit utilization. If you miss payments or make them late, if you max out your lines of credit (such as credit cards) or close accounts prematurely, your credit score can lower in a big way. Other major hits to one's credit are taking out too many loans or credit cards in a short period of time or tax debts, liens or legal judgments.
How They Affect You
You want to fix a bad credit report because it can mean getting rejected for loans, credit cards and mortgages. Also, lower credit scores mean higher interest rates, down payments and worse financing terms. Not only this, but more and more employers and landlords are using credit reports as a factor in hiring, promoting and approving leases. On top of all this some cell phone companies will charge you more up front, and some insurers will charge higher premiums or withhold coverage based on a bad score.
How to Fix a Bad Credit Report
If your score is below 700, you need help. Our experienced experts will help you fix a bad credit report in no time at all. Mistakes are common, and fraud is unfortunately on the rise. According to the law these inaccurate or contestable claims on your report must be removed, and we know these laws better than anybody. Next, we can help you negotiate consolidations and settlements of debts, particularly tax debts, and lower your payments so you can really clean up your report.
Our clients report high rates of satisfaction because they know that nobody can fix a bad credit report faster and easier than we can. Contact us today about how you can be on the road to a better life with a higher credit score in no time!
