Lenders are tightening their belts

Few of us have managed through this falling economy without taking a hit to our credit score. Lenders are tightening their belts and asking for even higher credit scores before they will extend credit.

Unemployment, stagnant wages, along with the skyrocketing cost of everything has shaken the credit scores of even the steadiest consumers. If it is difficult for those who have good credit to make it in these hard economic times, what should people with bad credit expect?

The first thing is obvious. It’s going to be harder to get credit. A lot of people can’t get financing to buy that badly needed new car especially folks with a low credit score. So, even if you need a new car, you may not be able to get one unless you go to a predatory lender.

The bad news, even if you can get financed, the interest rate will be higher than it would have been this time last year because lenders have restructured and they’re offering the best rates to those with extremely high credit scores. An average score might have secured a decent rate in the past, but in today’s lending market an average score is equivalent to what used to be considered a poor score.

People with poor credit also find it difficult to purchase insurance at a decent rate. Auto, home, health and life insurance can all be affected by your credit score. Why? Because many insurance companies believe that there is a link between low credit scores and claims. They feel that people with lower scores tend to file more insurance claims.

Your Credit is Your Foundation for the Future

 The importance of good credit cannot be over-emphasized. In today’s world, credit is no longer a luxury because it’s essential for growth and prosperity.

Here’s a very important fact — only 5% of the entire wealth of the world is ever printed as currency. The remaining 95% exists  in the form of credit. So, if your credit is not good, you do not have access to 95% of the world’s wealth. This seriously limits your plans for financial security.

 America is rapidly becoming a two-class society where people without good credit (nearly 60% of the population) are treated as second-class citizens.  By repairing your credit, you can erase bad credit and re-establish AAA credit, quickly and easily. 

Restoring your credit is only the beginning. Once you have good credit the real work begins. You will have to act responsibly and with self-discipline to maintain good credit. It can be a difficult unless you know more about what credit is, how to use it properly and how to avoid credit traps.

120 – 200 Point Increase in Credit Score in 60 Days

If your credit report is below 600 and you cannot buy anything on credit, now is the time to investigate your options. What would it feel like to be at 720 or 800?

It is possible to do this in as little as 60 days but could take up to 6 months. You could qualify for a home at a great interest rate or buy a new vehicle for the lowest possible interest. 

Poor credit is like being on a treadmill, especially if you have charge-offs that you have not paid for over a year. You don’t have to pay any of your delinquent credit to have them removed from  your credit report.

You can have near perfect credit in as little as 6 months with a good credit repair program. First, we will clean off old information (past addresses) or cross-reference points, then we’ll remove all inquiries which stay on your credit report for 2 years, any inaccurate information, and then we’ll dispute all derogatory credit history. Creditors have a window of time in which they must verify information and much of the time, it’s missed. By default, it gets removed from your credit report.

About Us: We have been around for 11 years, fully federally compliant, Red Flag Compliant, licensed and bonded in all 50 states, and we offer a 100% money back guarantee. If  you’re not fully satisfied with what we say we can do, we will refund your money. But we’ve never had to do that!

Bankruptcy & Foreclosure CAN BE REMOVED From Your Credit Report

“They” say bankruptcy and foreclosure can remain on your credit report for 10 years and be devastating to your credit scores. I’m here to promise you these things, and more,  can be removed from  your credit report contrary to popular belief. You do not have to wait for 10 years for them to fall off your credit bureau. Disputing your credit report is your right. Credit restoration is as legal as pleading “not guilty” in a court of law. Removing these two items can be done in as little as 2 to 6 months if you hire the right company.

Even if the accounts are yours, that’s not the issue. The issue is ‘Can it be verified?”.  If an account is verifiable, it stays on the credit report, if not, it gets removed.

We review your reports to determine which items can be challenged and the best way to dispute them to help improve your credit profile.  We  challenge derogatory items with a letter demanding the reporting company prove that they are in compliance with the laws and regulations and demanding that the challenged items be removed.  The process is repeated with each of the three major credit reporting agencies.

The only item we will not remove is Child Support, and that’s for moral reasons.

Within 35 to 45 days after disputing, the credit bureaus respond with a summary that shows the results of each challenge made.  Our overall average success rate in removing unverifiable derogatory items is 85% to 95%.  Best of all, the items that tend to be removed first are those that are the most harmful to your report, such as foreclosures, bankruptcies, tax liens, judgments, charge-offs, and repossessions.  While the full process takes an average of four to six months in most cases, many clients see enough improvement in their score to allow them to qualify for a mortgage or low interest car loan in as little as 45 to 90 days.

If your credit report is below average, or just plain old “bad”, you are paying much more than someone with good credit, even for auto insurance. The insurance industry runs a ‘soft’ credit report and if you’re not credit worthy, you pay a higher premium.  GET YOUR FREE CREDIT REPORTS HERE. It’s totally free without a credit score.

Over the course of a lifetime, or 30 years, of buying homes, refinancing, purchasing cars, owning credit cards, buying insurance, etc., you could pay $200k more than someone else with good or excellent credit. Gee, what could you have done with that money? If you do have poor credit because of a bankruptcy, foreclosure, repossession, etc., you can be credit worthy again! At the very least, have credit for emergencies.