Why Personal Credit Is Important ?
Personal credit is important for a number of reasons. It can affect an individual’s ability to obtain credit, such as a mortgage or car loan, and the terms of that credit, such as the interest rate. A good credit score may also be necessary to rent an apartment or even get a job, as some employers check credit reports as part of the hiring process. Personal credit is also important because it can affect the cost of insurance. In some cases, a low credit score may result in higher premiums. Overall, maintaining a good credit score is important for an individual’s financial well-being and can save them money in the long run.
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à la carte services
Full Credit Analysis and Audit
$30.00
Inquiry Deletion
$40.00
Retainer Fee
$154.99
Collection / Charge Off Deletion
$300.00
Late Payment Deletion
$300.00
Reposession Removal
$400.00
Business/ Personal Credit Consultation
$500/30 minutes
Child Support Removal
$750.00
Bankruptcy Removal
$1,000
Package$
-All packages include the client portal
-All Packages include an In-depth credit assessment
-All Packages include a free consultation and an on-the-spot suggested strategy toward increasing your score as fast as possible.
One-on-One Credit Counseling Services (limited time available based on package type purchased)
A La Carte services Available as well
Gold Package
- Full balance must be paid in full before work is begun
- Includes 3 Negative Removals Total, no matter if they’re derogatory, delinquent, charge-offs or collections.
- Does not include Bankruptcies, Public Records, or Repossessions
Black Package
- Unlimited Negative Removals, Including Bankruptcies, Public Records, and Repossessions
Platinum Package
- Two installments due 30 days from the date of the signed agreement and contract
- Includes 10 Negative Removals,
- Does Not Include Bankruptcies, Public Records, or Repossessions
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.
Credit Repair Results
