Posts in Category: Credit Repair

A Guide to Credit Score

There is nothing disturbing like having a bad credit score. In fact, some people do not know much about their credit score and become startled when they are denied a credit card or even a car loan. If this has happened to you before, it means that you have a bad score. The good news is that your credit score can be fixed. This can be good news for you, however, the entire process may take you days or even weeks, but it is worth the wait.

One of the sites that can help you with the credit score includes http://bluewatercredit.com/credit-score/ and more. To get started, you have to know the things that can affect your credit score, which include:

Payment History

Your payment history can make or break the credit score. In most cases, the creditors can report the delayed payment, but not generally the payments which were made on time. For instance, if you have any late payment listed, then a report will be filed indicating the number of days the client took to make payment. This implies that the later the payment , the more your credit score is affected.

Debt

The credit score can also be determined based on the total debt. But installment loans, such as student loan, as well as a mortgage are not looked into that much. For the case of revolving debts which consist of car loans and credit cards, can drain the score badly.

It is worth mentioning that lenders look at the credit to debt ratio, or in other words, the credit utilization. Credit utilization is typically the calculation of the amount you owe in comparison to the highest line of credit on the card.

Credit mix

Credit mix can affect your score up 10 %. To determine the credit score, the credit company put into consideration the type of credits an individual has. As aforementioned, the revolving credit can ruin your score far more than installment loans. This is because the installment loans feature assets like homes, cars, and so on.

Other key factors that can kill your credit score comprise of the following- new credit, and length of credit history.

How to fix Credit Score?

Fixing credit score may take some time, and it involves many steps namely; but there are some companies that could help you repair your credit fast

Accessing Credit Report

To get started, you should obtain a credit report first from various sites. This way you will be able to compare the reports in question.

Reviewing each and every report

With the credit reports in your hand, you can go through them to see whether there are any errors. Since the reports were obtained from different sites, they won’t be necessarily similar bearing in mind that particular lenders, as well as creditors,  may only report to one or three bureaus.

File a dispute

In case you come across inaccurate information, you have a right to file a dispute requesting for removal of the negative items. After the negative items have been deleted, your score will increase depending on the items removed.

To maintain an excellent credit score, you have to pay your bills on time, request for a credit limit, as well as working within your budget.

Fix Your Credit Score Today

Your credit reports may not be accurate and permanent and will need occasional corrections. This is why it is important to look at them regularly and to check the incoming data. The only way to get the best credit repair is to use the correct procedure to do so. Also includes using the best company if you do not do it yourself. Using a credit repair company has its advantages aside from being an expert and knows exactly what to do to solve your problem.

Here are benefits that you gain after choosing the best credit repair company:

Legitimacy

It’s critical because dealing with an illegal company may only make things worse for your credit rating. They may use the wrong methods and methods to try to fix your credit report. Find a legitimate agency and save yourself a lot of unnecessary trouble.

Keep in mind that your goal is to improve your credit score.

So getting the best company is vital and not difficult to find. All you need is to know the characteristics of this company like reliable, professional, experienced, reputable, reliable, and affordable among others. Then you can search using those qualities and the only place you can do this with a low cost, with less effort and time is  online. They keep in touch with credit reporting directors directly and ensure they respond fast if they require more info from you about anything.

Send letters to the credit reporting agencies.

You need to send letters to the credit reporting agencies as a step towards the reform process and you will ensure the best services from formulating the right messages and sending them in the right ways. Get a good company, especially those approved by Better Business Bureau, so agencies know they’re dealing with professional and legitimate people and your problems will be resolved faster. The best thing is that you do not have to pay heavily for the best services so you can get them at a reasonable cost anytime online if you are looking good.

Registration

Registering with an online company provides you with good monthly credit reports where you can identify them at a time when the credit score is low and take immediate action. It may cost you, but better than waiting for the free annual report you are entitled to from the credit reporting agencies. Besides, you will not know your credit rating from your annual report, and you may be surprised at the number of errors you’ve encountered, some of which have been easily corrected if you’ve checked it earlier.

Conclusion

The first step to getting your credit report fixed and improving your score is to get a credit report from one of the best credit reporting services on the market. Mainly because it will show your credit scores and credit repair companies ask for them anyway and take advantage of the free trial offers and the cheapest rates offered; this allows you to check more than once a year your rating and credit files. Once you get your credit report, take your time to find a reputable credit repair company like bestcreditrepairpro.com, and then get started immediately.