When your credit score isn’t where it should be,
Go to a Credit Expert
Welcome to Excellence!
In a world of financial fog, our purpose is to empower our clients through financial literacy and inspire them to plant a seed to ensure growth for tomorrow.
About The CEO
I wake up every day inspired by the profound change that financial literacy can bring to people’s lives. It constantly blows my mind when I realize People.Just.Dont.Know.This.Stuff! My purpose is to shatter the barriers that credit and financial complexities often pose, paving the way for unrestricted and constant growth and success for my family, my business, and my clients.
I am in this business to educate, demystify, and simplify the intricate world of credit, gifting people the tools they need to not just survive, but truly thrive. It’s not just about numbers on a screen or a page for me; it’s about empowering individuals to seize control of their financial future, enabling them to make informed, wise decisions that can significantly elevate their quality of life and lay a solid foundation for their prosperity now, and for their future generations.
At Executive Consulting LLC, we believe that great credit can be established by anybody, regardless of past financial indiscretions. We also believe that it is each individual’s responsibility to change the trajectory of their life for themselves and their future bloodline. We’re here to guide, support and celebrate your financial freedom.
Welcome to Excellence!
Benefits :
Buy and/or Refinance your Home
Purchase a New or Leased Vehicle
Remodel Your Home
Move Into a Better Apartment
Get Approved for the BEST Credit Cards
Qualify for Lower Insurance Payments
Qualify for Lower Car Payments
Qualify for the Interest Rate
Frequently Asked Questions
What factors determine a person's credit score?
There are several factors that determine a person’s credit score, including payment history, credit utilization, length of credit history, credit mix, and new credit. Payment history is the most important factor, accounting for about 35% of a credit score. It is determined by whether or not a person makes their payments on time and in full. Credit utilization, or the amount of credit a person is using compared to the amount they have available, accounts for about 30% of a credit score. Length of credit history, credit mix, and new credit each account for a smaller percentage of a credit score.
How can I improve my credit score?
There are several ways to improve a credit score, including paying bills on time, reducing credit card balances, not applying for new credit unnecessarily, and disputing errors on credit reports. It is also helpful to have a diverse mix of credit, such as a mortgage, car loan, and credit card.
Can I get a mortgage with a low credit score?
It is possible to get a mortgage with a low credit score, but it may be more difficult and the terms may not be as favorable. Lenders generally prefer to see a credit score of at least 620 for a conventional mortgage, although some may go as low as 580. It may be necessary to work on improving a credit score before applying for a mortgage or to consider alternative options such as an FHA loan, which has lower credit score requirements.
What is a credit report and how do I obtain one?
A credit report is a detailed record of an individual’s credit history. It includes information on credit accounts, loans, and payment history. Credit reports can be obtained from the three major credit reporting agencies: Equifax, Experian, and TransUnion. It is a good idea to check credit reports regularly to ensure the accuracy of the information and to catch any potential errors or signs of fraud.
How do I dispute an error on my credit report?
If an error is found on a credit report, it is important to dispute it as soon as possible. The credit reporting agency is required to investigate the dispute and correct any errors. To dispute an error, it is necessary to contact the credit reporting agency in writing and provide supporting documentation.
What is a credit utilization ratio and how does it affect my credit score?
Credit utilization is the amount of credit a person is using compared to the amount they have available. It is calculated by dividing the total amount of credit used by the total amount of credit available. For example, if a person has a credit card with a limit of $1,000 and they have a balance of $500, their credit utilization is 50%. A high credit utilization ratio can have a negative impact on a credit score, so it is important to keep balances low.
How does bankruptcy affect my credit score?
Bankruptcy can have a significant negative impact on a credit score. It can remain on a credit report for up to 10 years, depending on the type of bankruptcy. However, it is possible to rebuild credit after bankruptcy by making on-time payments and managing credit responsibly.
Can I have more than one credit score?
It is possible to have more than one credit score, as there are multiple credit scoring models used by lenders and other financial institutions. Each model may have slightly different criteria for calculating a credit score, so the same individual may have different scores depending on which model is used. It is important to check credit scores from all three major credit reporting agencies to get a full picture of a credit profile.