No doubt if you have determined that you have a Low Credit Score you know that you are in need of Credit Repair. While you may be quite stressed out over your Credit situation you can breathe easy in knowing that a Defined Credit Restoration Plan provided by Action Credit Repair is going to be the solution to the situation.
It may be that you decided to get your Credit Report to determine what your Credit Standing is. This is probably led you to in even greater frustration in trying to decipher all of the data that is contained on the Report. More importantly is how this Low Credit Score can affect you not only now but in the future. You may have recently applied for a Home or Auto Loan to find that you were either turned down or were offered a really high interest rate.
Many people don’t realize just how important their Credit Score is even if they are not looking to attain specific loans.
Your Credit Score is a number that represents your Credit Worthiness and the likelihood that your debts will be paid. This number determines your ability to borrow money and what interest rates you will pay.
A Poor or Low Credit Score Can Affect You’re:
- Mortgage Payments
- Apartment Applications
- Car or Home Insurance Rates
- Automobile Loans
- Credit Card Interest
- Employment Opportunities
- Job Promotions
A poor Credit Score can mean that you are turned down for various types of Credit or at the very least if you are offered Credit it will be at a high interest rate which can affect your finances for many years going forward.
Our Credit Repair services here at Action Credit Repair start by focusing on the information in the reports. It is very common for these reports to contain information that is inaccurate, unverifiable or misleading. You are protected by The Fair Credit Reporting Act (FCRA) laws when it comes to the information on your Credit Reports being 100% Accurate, and our Credit Restoration Plan can help to ensure this.
There are many different Components that make up your Credit Scores, and each of these will be looked at carefully by us as one of our Certified Credit Expert reviews your Credit Report to make sure that your accounts are Reporting 100% Accurate Information.
There are 74 Credit Scoring Models that are commercially available today.
The FICO score was created in the mid-1980s by the company formerly known as Fair Isaac, now called FICO.
In March 2006, the three major Credit Bureaus – Equifax, Experian, and TransUnion – launched the Vantage Score.
FICO® Scores are the score lenders use in more than 90% of lending decisions, unlike “free Credit Scores” that are educational only
Payment history is one area of your Credit Score that Creditors will focus on. They will look at any collection actions or bankruptcies perhaps and any late payments that have been reported. Our Certified Credit Repair Experts will check to ensure that these are 100% accurate and they can be totally verified. Any information that is not correct or cannot be verified may be removed through our Credit Repair Services.
Another important category in your Credit Score is your debt ratio. This is something that we focus on during our Credit Report Audit and review and when it comes to educating you on what you can do to increase your Credit score. We will suggest to you that you keep your debt ratio no higher than 30% and preferably even lower than this.
Another area that will be important on your Credit Report is the various types of Credit that is reported there. Creditors that check this segment of your report use this to determine how responsible you are and how you are handling the different types of Credit such as Installment and Mortgage Loans or Revolving Credit.
Whenever you apply for Credit most often these inquiries are listed on your Credit Report as well. Although these may not affect your actual score they do show on your report. Again you want these to be accurate.
As you can see there is a lot of important information contained on your Credit Report and when it comes to your Credit Repair needs then you are going to want to rely on the impeccable Credit Repair services that we offer here at Action Credit Repair, LLC. Don’t hesitate to contact us now so you can get your Credit Score onto the road of recovery to ensure that your financial future, when it comes to Credit, is not going to be questionable.