Education
Along with our offering of Credit Repair and Credit Restoration Services, we also offer Credit Score Education. Our Credit Education Services are going to involve looking at all of the different categories that make up your Credit Score. Our work is comprehensive and detailed with the mandate of increasing your Credit Score so that you have a good Credit Rating going forward.
No doubt you are going to want to maintain this new Credit standing and in order to do this part of our service, we include Credit Score Education so that you can become far more knowledgeable in what it is going to take to keep and maintain a good Credit Score. Most individuals realize that if they don’t make their payments on time each month that this is going to show up on their Credit Report and negatively affect their Credit Scores. There are many different things that you are going to be able to do and we can help give you the direction as to how to go about this.
One of the areas that we will educate you on is on how to make sure that you are not applying too much Credit to one of your Credit Cards and not spreading this out over the rest. We don’t recommend having a high balance owing on one card and low balances on the others. This factor can affect your Credit Rating.
Another recommendation that we will make for you as part of your Credit Education is that you don’t close out your Credit Cards once you have paid them off. Lenders will look closely at the Credit Report to see how responsible you are with handling your debt load. If you have a Low Credit Score it can mean that your Credit Application is going to be turned down or you may be approved but at a very high interest rate.
Something else that we are going to make you aware of, which is important as part of your Credit Score Education, is that you have the right to receive a copy free of charge of your Credit Report on a yearly basis. We encourage you to do this so that you can scrutinize it for inaccuracies and if finding any make sure that you take the proper steps to have these corrected. If inaccuracies cannot be verified than they have to be removed from your report. As soon as you identify that you are running into a Credit Score issue it is important that you take the proper steps to correct the problems that are creating this as soon as possible.
Maintaining a good Credit Rating is an ongoing process and you should not assume that if your Credit Standing is good at the current time that it is going to remain that way, and this is why as part of our Credit Score Education we ensure that you understand this and different areas that can affect it.
Our Credit Education teaches you how to focus on your payment history and educate you in knowing that it’s about 35% of your Credit Score that is applicable to your payment history. When it comes to your payment history this is going to include late payments and collection action set up and taken against you but also matters of public record such as tax liens or bankruptcies.
These are various types of Credit matters and they are each looked at not only collectively but individually when lenders are perusing your Credit Report and Credit Score. Any items that are potentially reporting incorrectly, items that are outdated, unverifiable, misleading or questionable, must be removed from your Credit Report to stop any potential damage it is doing to your Credit Score. This is all part of our services at Action Credit Repair.
Credit Education is highly important to helping you stay on track with your Credit. While you may not be in need of loans or money at this current time, you don’t know what the future holds. You don’t want to have to be concerned about your Credit Score when the time arrives that you want to apply for some form of Credit. Credit Score Education is something that is going to be of great help to you.
Be sure to contact us today at Action Credit Repair, LLC so we can get started on your Credit Restoration Plan which will include educating you on all components that make up the FICO Score.