Tag Archive: credit repair

The Use of FICO Scores in Giatto, West Virginia

In Giatto The FICO Score is Important

Here are the Best Ways to Improve Your Credit Report FICO Score 

In Giatto, West Virginia among probably the most common discussions between friends could be connected to credit history. The reason behind this is due to the fact that the score achieved by any individual would greatly affect the amount of mortgage, car loans and many other financial costs.

Simply put, a credit history compares to a report card from Giatto High School (I know, we have all been through that) where you would get a punishment for a low grade and a reward for a good grade.

In contrast to what lots of folks in Giatto believe, there is not one universal way of classifying credit rating where the last time you took an extra 5 cents from the cashier would be recorded on your credit report.

There is however, a widely used popular credit score in the United States, commonly known as FICO or Fair Isaac Corporation. FICO score basically indicates the likelihood of a person to default on a loan and this is a commonly embraced tool by most banking and in the credit industry in Giatto.

Before engaging in the discussion on how FICO rating could be improved, it is worthy to have an idea on what FICO rating is based upon.

Simply speaking, FICO rating is separated into a few statistical components where these components are made up from:

  • 35% – punctuality of payment historically
  • 30% – the amount of debt, expressed as the ratio of current revolving debt (credit card balances and others) to total available revolving credit (credit limits).
  • 15% – length of credit history.
  • 10% – types of credit used (installment, revolving or consumer finance).
  • 10% – recent search for credit and/or amount of credit obtained recently.

The very first step to improving a FICO rating is to get a copy of your credit report. This can be attained from Equifax, TransUnion or Experian.

Next, brace yourself for the distress (or delight if you’re an accountant) of examining all the numbers and ensuring everything adds up to the best of your recollection.

The reason is due to the fact that if something is incorrect in the report, it’s best to get it corrected because it can take up to months in order to get a update entered.

Furthermore, if you have serious Credit card debt where most of your card balances are near the credit limit, it’s best if you pay them off asap. If you need help paying off debt, contact Operation Care for financial coaching. Call them at 844-207-3818.

The banks and lenders prefer a significant gap between a credit card balance and the credit limit, approximately a ratio of 40% between balance/limit. Paying off high balance credit card debt would definitely increase the FICO score as it impacts 30% of the FICO score.

Then, it is equally important for you to pay off your debt promptly. Even if you are able to pay off your debt, it would not have the impact you want on your FICO score if you do not pay your debt on schedule and each time.

The punctuality of your payment takes up 35% of your score and it is vital to know that paying your debt on time NOW is outweighed by the fact that you paid your debt on schedule 3 years ago.

It is always important to keep your longest standing account. Because the longer you have your financial history established; the easier it is for the creditors or banks to know how reliable your FICO score actually is.

For instance, even if you score a relatively high score, if you credit history is just five years as compared with an average rating with a credit history of 30 years, the person with the longer credit history would possibly qualify for a larger loan or a lower annual interest rate.

In conclusion, it’s a not nuclear physics when it pertains to raising your FICO score. All it takes is for you to lower your total debt, pay your bills in a timely manner and monitor where you are heading in your spending, mortgage and loans. 

The specialists at Cambridge Credit Repair can help you better understand your credit report. Enroll in one of their coaching programs to improve your score.

Even if you don’t live in Giatto, West Virginia you can call toll free 844-207-3818 to get started increasing your credit history and fixing your credit report.

The Use of FICO Scores in Heilman, Indiana

In Heilman The FICO Score is Important

Here are the Best Ways to Improve Your Credit Report FICO Score 

In Heilman, Indiana among the most common discussions among friends is related to credit report. The reason for this is due to the fact that the score achieved by any person would substantially affect the amount of home mortgage, loans and many other financial related costs.

Simply put, a credit history is similar to a report card from Heilman High School (I know, we have all been through that) where you would get a punishment for something low but a reward for a good performance.

In contrast to what lots of people in Heilman believe, there is not a single, universal way of classifying credit report where the last time you took an extra dime from the cashier would be recorded on your credit history.

There is however, a widely used popular credit score in the United States, commonly known as FICO or Fair Isaac Corporation. FICO score basically indicates the likelihood of a person to default on a loan and this is a commonly embraced tool by most consumer banking and in the credit industry in Heilman.

Before engaging in the discussion on how FICO rating may be improved, it is worthy to have an outline on what your FICO rating is based on.

Simply speaking, FICO rating is separated into a few statistical components where these components are made up from:

  • 35% – punctuality of payment in the past
  • 30% – the amount of debt, expressed as the ratio of current revolving debt (credit card balances and others) to total available revolving credit (credit limits).
  • 15% – length of credit history.
  • 10% – varieties of credit used (installment, revolving or consumer finance).
  • 10% – recent application for credit and/or amount of credit obtained recently.

The initial step to improving a FICO rating is to acquire a copy of your credit report. This can be attained from Equifax, TransUnion and Experian.

Then, prepare yourself for the misery (or pleasure if you’re a bookkeeper) of going through all the numbers and making sure everything adds up to the best of your understanding.

The reason is if something is wrong in the report, it’s best to get them corrected immediately because it can take up to months in order to get a update entered.

Next, if you have serious Credit Card debt where many of your card balances are near the maximum, it’s best if you pay them off as soon as you can. If you need help paying off debt, contact OperationCare.com for financial coaching. Call them at 844-207-3818.

The banks and lenders prefer a large gap between a credit card balance and the credit limit, approximately a ratio of 40% between balance/limit. Paying off high balance credit card debt would definitely increase the FICO score as it impacts 30% of the FICO score.

Afterward, it is equally important for you to pay off your debt on time. Even if you are able to pay off your debt, it would not have the impact you want on your FICO score if you do not pay your debt on schedule and every month.

The punctuality of your payment affects 35% of your score and it is very important to know that paying your debt on time NOW is outweighed by the fact that you paid your debt on time 3 years ago.

It is always important to keep your oldest account. Because the longer you have your financial history established; the easier it is for the creditors or banks to know how reliable your FICO score is.

For instance, even if you score a relatively high score, if you credit history is just 5 years when compared to an average rating with a credit history of 30 years, the person with the longer credit history would possibly qualify for a larger loan or a lower annual interest rate.

Altogether, it’s a not rocket science when it concerns raising your FICO score. All it takes is for you to reduce your total debt, pay your bills on time and monitor where you are heading in your spending, mortgage and loans. 

The professionals at CambridgeCreditRepair.com can help you better understand your credit report. Enroll in one of their coaching programs to improve your score.

Even if you don’t live in Heilman, Indiana you can call toll free 844-207-3818 to get started increasing your FICO score and fixing your credit report.

The Use of FICO Scores in Strattanville, Pennsylvania

In Strattanville The FICO Score is Important

Here are the Best Ways to Improve Your Credit Report FICO Score 

In Strattanville, Pennsylvania among the best popular discussions between people is related to credit report. The main reason behind this is due to the fact that the score achieved by any individual would significantly impact the amount of mortgage interest, loan rates and many other financial related costs.

Simply put, a credit report is similar to a report card from Strattanville High School (I know, we’ve all been through that) where you would get a punishment for a poor performance and get a reward for a high score.

In contrast to what many people in Strattanville believe, there is no one universal way of classifying credit rating where the last time you took an extra nickel from the cashier would be recorded on your credit report.

There is though, a widely used well known credit score in the U.S., known as FICO or Fair Isaac Corporation. FICO score basically indicates the likelihood of a person to default on a loan and this is a commonly accepted tool by most consumer banking and mortgage companies in Strattanville.

Before getting involved with the discussion on how FICO rating could be boosted, it is worthy to have an idea on what your FICO rating is based on.

Simply speaking, FICO rating is separated into a few statistical components where these components are made up from:

  • 35% – punctuality of payment in the past
  • 30% – the amount of debt, expressed as the ratio of current revolving debt (credit card balances and others) to total available revolving credit (credit limits).
  • 15% – length of credit history.
  • 10% – varieties of credit used (installment, revolving or consumer finance).
  • 10% – recent application for credit and/or amount of credit obtained recently.

The very first step to improving a FICO rating is to acquire a copy of your personal credit report. This can be attained from Equifax, TransUnion and Experian.

Next, prepare yourself for the pain (or joy if you’re a bookkeeper) of examining all the numbers and being sure everything adds up to the best of your understanding.

The reason is because if something is wrong in your credit history, it’s best to get them corrected immediately because it can take up to months in order to get a correction.

If you have serious charge card debt where most of your card balances are close to the credit line, it’s best if you pay them off asap. If you need help paying off debt, contact OperationCare.com for financial coaching. Call them at 844-207-3818.

The banks and lenders prefer a large gap between a credit card balance and the credit limit, approximately a ratio of 40% between balance/limit. Paying off maxed out credit card debt would definitely increase the FICO score as it impacts 30% of the FICO score.

Subsequently, it is equally important for you to pay off your debt on time. Even if you have the ability to pay off your debt, it would not have the desire impact on your FICO score if you do not pay your debt on time and each time.

The punctuality of your payment takes up 35% of your score and it is very important to know that paying your debt on schedule NOW is outweighed by the fact that you paid your debt on schedule 3 years ago.

It is always important to maintain your longest standing account. the longer you have your financial history established; the easier it is for the creditors or banks to know how reliable your FICO score actually is.

For instance, even if you score a relatively high score, if you credit history is just a few years when compared to an average rating with a credit history of 30 years, the person with the longer credit history would possibly qualify for a larger loan or a lower interest rate.

Altogether, it’s a not rocket science when it comes to raising your FICO score. All it takes is for you to lower your total debt, pay your bills on time and keep track of where you are heading in your spending, mortgage and loans. 

The experts at Cambridge Credit Repair can help you better understand your credit history. Enroll in one of their coaching programs to improve your score.

Even if you don’t live in Strattanville, Pennsylvania you can call toll free 844-207-3818 in order to get started increasing your credit history and fixing your credit report.

Credit Repair in New Brighton, Minnesota

Undertaking Credit Repair On Your Own (What To Do And What Not To Do).

If you have just lately been turned down for a loan, or for a new credit card, you may be in need of credit repair. You have either managed your credit poorly, which has reflected in your credit report; or your credit file has some erroneous items, thus negatively impacting your report.

TO DO:

Here is a strategy to help with your credit repair as recommended by OperationCare . You can do this on your own and can thus repair your credit for free.

• Request a copy of your credit report from any one of the 3 credit bureaus. If this is your first request of the year, you will be given the report for free.

• Once you have your report, examine it closely. You have to study all the entries and mark all those which are incorrect and which are damaging your credit worthiness.

• After you have determined the wrong entries, you have to contact the credit reporting agencies and tell them to delete the erroneous entries from your report.

• Even if there are some correct entries in your credit report, but these are negative in nature, you could still get them removed. If such time limit has passed, you should write to the credit bureaus to delete the negative items from your report.

• Ensure that all your correspondence with the credit companies and agencies is through registered mail. This way, you have proof of your requests and also when exactly you initiated the process of your credit repair. Keeping a record will also help you in case any deleted entry is re-included in your report anytime in the future.

• Within 30 days, some action should have been taken regarding the wrong items on your report. If the credit bureaus determine that the entries were in fact wrong, they will remove it from your report, thus bringing about the credit repair that you were after.

In case the matter is not resolved to your satisfaction, you should continue challenging the items on your report till such time that credit repair has indeed occurred.

NOT TO DO:

People whose credit score is very low or who have a bad credit report often try desperate means to repair credit and thus end up hurting their credit even more. Most of the information available on credit score repair and credit report repair tells you what to do to restore good credit. We will tell you about some of the things that you should NOT do in order to repair bad credit.

File Segregation: Many credit repair companies lure people with the false promises of bad credit repair by telling them that they can create a new credit file for them by issuing them a new identity. Thus, no matter what any credit repair company tells you – things like you will not be able to get any loans or even a credit card for the next few years, or that you will not be able to get a job etc; under no circumstances should you agree to the process of file segregation to repair bad credit.

2. Deleting accurate information from credit report: Some credit repair companies make claims to people that they can repair credit by getting accurate information of a negative nature deleted from their credit reports, thus improving their credit rating. This simply can not be done. Only inaccurate information can be removed from a credit report and not accurate data, unless such data is older than 7 to 10 years. Thus, you really should not trust anybody who tells you that they can repair bad credit by removing negative items from your credit report.

Advance Payments: No credit repair agency is legally allowed to ask for advance payments. Thus, you should NOT be taken in by any company who wants high advance payments.

To find out more about Cambridge Credit Repair agency simply click here.

The Use of FICO Scores in Sterling, North Dakota

In Sterling The FICO Score is Important

Here are the Best Ways to Improve Your Credit Report FICO Score 

In Sterling, North Dakota some of probably the most common discussions with people could be related to credit history. The reason for this is because the score achieved by any consumer would substantially affect the amount of mortgage interest, loans and many other financial related services.

Simply put, a credit rating compares to a report card from Sterling High School (I know, we’ve all been through that) where you would get a reprimand for a poor performance and a reward for a good grade.

Unlike what most people in Sterling believe, there is not one universal way of ranking credit history where the last time you took an extra 5 pennies from the cashier would be recorded on your credit history.

There is however, a widely used well known credit score in the USA, commonly known as FICO or Fair Isaac Corporation. FICO score basically indicates the likelihood of a person to default on a loan and this is a commonly utilized tool by most national banking and loan companies in Sterling.

Before engaging in the discussion on how FICO rating may be improved, it is worthy to have an idea on what your FICO rating is based on.

Essentially, FICO rating is separated into a few statistical components where these components are made up from:

  • 35% – punctuality of payment historically
  • 30% – the amount of debt, expressed as the ratio of current revolving debt (credit card balances and others) to total available revolving credit (credit limits).
  • 15% – length of credit history.
  • 10% – kinds of credit used (installment, revolving or consumer finance).
  • 10% – recent search for credit and/or amount of credit obtained recently.

The initial step to improving a FICO rating is to get a copy of your credit report. This can be attained from Equifax, TransUnion and Experian.

Then, brace yourself for the misery (or delight if you are an accounting professional) of examining all the numbers and being sure everything adds up to the best of your understanding.

The reason is because if something is incorrect in your report, it’s best to get it corrected immediately because it can take up to several months in order to get a update entered.

If you have serious Charge Card debt where the majority of your card balances are close to the credit limit, it’s best if you pay them off as soon as possible. If you need help paying off debt, contact OperationCare.com for financial coaching. Call them at 844-207-3818.

The banks and lenders prefer a large gap between a credit card balance and the credit limit, approximately a ratio of 40% between balance/limit. Paying off maxed out credit card debt would definitely increase the FICO score as it impacts 30% of the FICO score.

Then, it is equally important for you to pay off your debt promptly. Even if you manage to pay off your debt, it would not have the desire impact on your FICO score if you do not pay your debt on time and each time.

The punctuality of your payment impacts 35% of your score and it is important to know that paying your debt on schedule NOW is outweighed by the fact that you paid your debt on schedule 3 years ago.

It is always important to maintain your oldest account. the longer you have your financial history established; the easier it is for the creditors or banks to know how reliable your FICO score actually is.

Even if you score a relatively high score, if your credit history is just five years as compared to an average rating with a credit history of 30 years, the person with the longer credit history would possibly receive a larger loan or a lower interest rate.

Overall, it’s a not rocket science when it pertains to raising your FICO score. All it takes is for you to lower your credit card debt, pay your bills on schedule and keep an eye on where you are heading in your spending, mortgage and loans. 

The specialists at CambridgeCreditRepair.com can help you better understand your credit history. Enroll in one of their coaching programs to improve your score.

Even if you don’t live in Sterling, North Dakota you can call toll free 844-207-3818 in order to get started increasing your credit history and fixing your credit report.

FICO Score, does that scare you?

Self-Service Credit Repair for You

You don’t have to go into a panic every time your hear the phrase Credit Score or the word, FICO. You can do something about your poor credit rating, and you can do it yourself. The folks at Cambridge Credit Repair will do it for you if you give up, but they want you to know that you have the power to fix your own credit history.

If you have just lately been turned down for a loan, or for a new credit card, you may be in need of credit repair. You have either managed your credit poorly, which has reflected in your credit report; or your credit file has some erroneous items, thus negatively impacting your report.

DO THIS:

Here is a strategy to help with your credit repair. You can do this on your own and can thus repair your credit for free.

– Request a copy of your credit report from any one of the 3 credit bureaus. If this is your first request of the year, you will be given the report for free.

– Once you have your report, examine it closely. You have to study all the entries and mark all those which are incorrect and which are damaging your credit worthiness.

– After you have determined the wrong entries, you have to contact the credit reporting agencies and tell them to delete the erroneous entries from your report.

– Even if there are some correct entries in your credit report, but these are negative in nature, you could still get them removed. This would go a long way in ensuring credit repair. There is a certain time limit for which negative entries can stay on your report (usually between 7 and ten years). If such time frame has elapsed, you should write to the credit bureaus to delete the negative items from your report.

– Ensure that all your correspondence with the credit companies and agencies is through registered mail. This way, you have proof of your requests and also when exactly you initiated the process of your credit repair. Keeping a record will also help you in case any deleted entry is re-included in your report anytime in the future.

– Within 30 days, some action should have been taken regarding the wrong items on your report. If the credit bureaus determine that the entries were in fact wrong, they will remove it from your report, thus bringing about the credit repair that you were after.

In case the matter is not resolved to your satisfaction, you should continue challenging the items on your report till such time that credit repair has indeed occurred.

DO NOT DO THIS:

People whose credit report is low or who have a bad credit report often try desperate means to repair credit and thus end up hurting their credit even more. The majority of the information available on credit score repair and credit report repair tells you what to do to restore good credit. However, we will tell you about some of the things that you should NOT do in order to repair bad credit.

1. File Segregation: Many credit repair companies lure people with the false promises of bad credit repair by telling them that they can create a new credit file for them by issuing them a new identity. This is known as file segregation. You need to understand that such a process is not legal and can even put you behind bars if you try to segregate your credit file to repair bad credit. Thus, no matter what any credit repair company tells you – things like you will not be able to get any loans or even a credit card for the next few years, or that you will not be able to get a job etc; under no circumstances should you agree to the process of file segregation to restore bad credit.

Deleting accurate information from credit report: Some credit repair agencies make claims to people that they can repair credit by getting accurate information of a negative nature deleted from their credit reports, thus improving their credit rating. Thus, you should not trust anyone who tells you that they can repair bad credit by removing negative items from your credit report.

3. Advance Payments: No credit repair company is legally allowed to ask for advance payments. They can only charge for services that have already been given and not beforehand. Thus, you should NOT be taken in by any company who wants high advance payments. When you sign up for one of the financial coaching plans from Operation Care, Inc. you also receive credit repair.

Services

Our Mission: Help clients achieve financial success!

Welcome to B&K Financial and Insurance Services.

Our mission is simple and to the point. We’re dedicated to helping our clients attain their financial goals. We start from where they are today and move them forward with education, tools and products that will get them there. Our approach is different but very effective in helping the average person achieve amazing results.

Fill out the form on this page for a FREE, no obligation analysis on your individual situation and how we can help or visit Daniel Blakeslee for more information.

Debt Help

Who hasn’t gone overboard with credit cards? When we ‘just gotta have it’ or when necessity forces us, we turn to our little plastic friends to make it happen. It’s just too easy! But then what happens? The payments become more than you can handle. You start to struggle. You make a payment late…even by a day, and your interest rate goes to 30%! Yikes! That doesn’t help.

So what then? What’s the best answer for you? If you’ve started down the path that so many people fall victim to, you need help. Talk with someone that can give you straight answers. Someone that will give you all the information you need. The decision you make can affect your ‘credit life’ for a long time so you owe it to yourself to make the right decision. To change your path and get on the right track, please fill out the form on this page. I promise only ONE person will get your information and will call you to discuss your options. You have nothing to lose and an education to gain that will put you on the best path for your situation.

Credit Repair

So few of us have “perfect” credit. We have a few clients that do but most people fall into the “average” category. Unfortunately, we are seeing a lot more people fall into the “bad” category, primarily due to the economic times.

Because there are so many things that impact an individuals credit score, it’s critical to know what’s happening with yours. Being turned down for credit, a rental, a job, or anything isn’t fun…especially when you need it and are credit worthy. Credit repair is focused on eliminating any negative items that can be removed from your credit record so that you can achieve your goals.

Our team of experienced consultants can review your credit reports, assess your current situation, and provide customized solutions to meet your needs. Through a meticulous process, we can help restore your credit by auditing BOTH the credit bureaus AND the creditors.

Eliminate Interest

The Race To Zero Debt program is a fantastic mortgage and debt acceleration software. It is THE quickest way to pay down ALL your debt to zero balances. Mortgages, auto loans, credit cards, student loans, etc., are all attacked in the most efficient mathematical way, resulting in you winning your Race To Zero Debt in 1/3 to 1/2 the time!

Getting control of your financial situation is the first step to accomplishing your goals and dreams. Let this award-winning program help you pay off all of your debts without refinancing your existing mortgage and without changing your income or lifestyle. Typical savings are from $50,000 to $200,000 but each situation is unique and your savings could be much more.

Would you choose a paper map or a GPS system to guide you on a trip from point A to point B? If you are like most people you would choose a GPS system. This program is like a GPS for your finances. It shows you the right path without mistakes and will re-route you when something takes you off course. With the program’s guidance, you always know exactly how far you have gone and how far you have left to go to become totally debt free all while still in complete control!

CLICK HERE TO VISIT OUR RACE TO ZERO DEBT SITE