Credit Repair

...Get Out of Debt and on the Road to Building Wealth!

Credit Rating Taking a Beating?

Our Credit Repair partners have cleaned up thousands of people’s credit histories.  It’s an amazing feeling to be able to finance a car or home, be approved for a credit card or even be able to apply for a job without worrying about your credit rating.  With a good credit rating, you can finance items with a lower interest rate and a payment that your family can afford.  The Fair Credit Reporting Act gives you the legal right to dispute items on your credit reports that may be inaccurate, out of date, incomplete or unverifiable.

Mistakes Do Happen
(report available online - According to Research conducted by PIRG Public Information Research Group, Washington, D.C.)

• Twenty-nine percent (29%) of credit reports contain serious errors, false delinquencies, or accounts that did not belong to the consumer.
• Forty-one percent (41%) of credit reports contain demographic information that was misspelled, outdated or incorrect.
• Twenty percent (20%) of credit reports were missing major credit, loan, mortgage or other information to demonstrate the credit worthiness of the consumer.
• Twenty-six percent (26%) of credit reports contain accounts that were closed by the consumer but incorrectly listed as open (or) “closed by credit grantor”.
• Altogether, seventy percent (70%) of credit reports contain errors or mistakes.

The FICO score is based on your financial history as collected in your credit report. Creditors can use this number to evaluate whether or not you are able to pay a loan back on time. The higher the score the more likely you are to pay off a loan on time and the less of a credit risk you pose.

The FICO or credit score ranges are broken down as follows:

• 760-850 – best score range
• 700-759 – able to obtain favorable financing terms
• 660-699 - decent score range
• 620-659– may have trouble obtaining favorable credit
• 580-619 – may have trouble obtaining credit
• 300-559 – needs to improve score

Your credit score is broken down into 5 distinct categories:

• Payment History – 35%
• Amounts Owed – 30%
• Length of Credit History – 15%
• New Credit – 10%
• Types of Credit Used – 10%

Here is an example of the Cost of Bad Credit

Automobile Financing:  If you are financing a car and have bad credit, you are probably paying thousands of dollars more than you would pay once you had restored your credit. This extra interest shows up every month in a dramatically higher payment.

SICK WITH WORRY of people who reported to be stressing over being in debt:

27% reported ulcers or digestive-tract problems (compared with 8% of those who have low levels of debt stress)

44% had migraines or other headaches (compared with 15%)

29% suffered severe anxiety (compared with 4%)

23% reported severe depression (compared with 4%)

6% had heart attacks (twice as many in the lower-stress groups)

Source: Associated Press/AOL poll for Personal Finance Employee Education Foundation

• Contact our Specialists through the form on the left side of this page and save time, money and aggravation because our team of specialists knows how to best solve your debt related problems.

• Our team works with lenders, creditors, and other professionals on a daily basis, as a result they have developed great working relationships.  These relationships and experiences can help you through the complicated credit repair process.