We are a full-service credit repair agency that does more than send letters out to credit bureaus. We not only remove derogatory items from credit reports -we take it to the next level by helping with investor funding to add credit once disputes have been removed. We also help our clients obtain their line of credit and maintain it on their own.
Our process involves first removing derogatory items that are hurting credit followed by adding positive credit to your history as well as generating new funding and credit cards. This allows our clients to maintain a higher credit score.
A credit score is a number generated by a mathematical formula that is meant to predict creditworthiness. Credit scores range from 300-850. The higher your score is, the more likely you are to get a loan. The lower your score is, the less likely you are to get a loan. If you have a low credit score and manage to get approved for credit, your interest rate will be much higher than someone who has a good credit score. Having a high credit score will save you many thousands of dollars.
A credit bureau is a company that collects and mantains your credit information and sells it to lenders, creditors and consumers in the form of a credit report. There are dozens of credit bureaus, but we're most concerned with the big three: Equifax, Experian and TransUnion.
Payment history is a major factor in credit scoring. If you have late paid bills, have collections or a bankruptcy, these evens won't reflect well in your credit score.
Generally speaking, the longer your history of holding accounts is, the more trusted you will be as a borrower.
Having many recent inquiries can be considered negative by the bureaus. Only apply for credit when you really need it.
It is important to not use all of your available credit. If all of your credit cards are maxed out, your scores will reflect that you are not managing your debt wisely.