Credit Repair Las Vegas

Credit Repair Tips

11/15/2017

Mike Lee

11/15/2017 12:16:37 pm

Community Credit Repair will help remove errors on your credit reports
According to the Federal Trade Commission, about 5% of consumers have errors on their credit reports bad enough to result in a higher price for a financial product or insurance. About 1 in 4 reports contain errors that might have at least a small negative effect on scores.

About 5% of consumers have errors on their credit reports bad enough to result in a higher price for a financial product or insurance.
You can get a free report every 12 months from each of the three major credit bureaus: Equifax, Experian and TransUnion. Using AnnualCreditReport.com, request those reports and check them for mistakes, such as payments marked late when you paid on time or negative information that’s too old to be listed.

Community Credit Repair will dispute those errors to get them removed.

Credit bureaus must respond to disputes within 30 business days. Once incorrect negative information comes off your reports, your scores should benefit.

Mike Lee

11/15/2017 12:20:29 pm

Community Credit Repair will then help you deal with past-due bills, and get on top of making payments on time.
No strategy to bump up your score will work unless you’re also paying on time. Payment history has the single biggest influence on credit scores.

If you’re behind on any accounts, Community Credit Repair will call the creditor. We will arrange to payment and ask if they will rescind the reported delinquencies so they no longer appear on your reports.

Payment history has the single biggest influence on credit scores.
Even if the creditor won’t rescind those previous late payments, it’s worth getting current on the account ASAP. Each month an account is marked delinquent hurts your score, and a 60-day delinquency hurts more than a 30-day delinquency.

Missed payments stay on your credit report for seven years but you can start counteracting the effect right away: Focus on paying every bill on time from here on out, so you’re offsetting those negative marks with more recent positives.

How fast does it work? This one might not be fast, but it’s essential. Because scores depend heavily on payment history, you won’t make much progress unless you pay on time.

Mike Lee

11/15/2017 12:23:57 pm

Staying well under your credit limit has a big impact on your score.

Community Credit Repair, says it’s best to keep balances to 30% of your credit limits or less. Both overall and per-card utilization counts. Here are ways to manage it:

Make multiple small payments — often called micropayments — during the month to keep balances down. You can even treat your credit card like a debit card, paying online as soon as you see a purchase is posted.
Ask for a credit limit increase. When your limit goes up and your balance stays the same, you instantly lower utilization. Call your card issuer and ask whether you can get a higher limit without a “hard” credit inquiry. Hard inquiries can temporarily drop your score a few points.
Tackle balances on the cards with the highest utilization first. Maybe a tax refund or other windfall could help. Sometimes it doesn’t take a lot of money, especially on low-limit retailer cards: A $250 payment on a $300 limit card will make a big difference.
Move some debt. A debt consolidation loan could let you reduce or eliminate card balances, lowering your utilization. Getting a personal loan at a better rate than your credit cards have also could save you money in interest.
How fast does it work? Credit card issuers typically report to the bureaus every month. As soon as your creditor reports your lower balance, the better utilization will be reflected in your scores.

If you have a bunch of maxed-out credit cards, you could elevate your scores by nearly 100 points by paying them all off.
For more useful tips please call Community Credit Repair at 888-580-2879

Mike Lee

11/21/2017 02:56:33 pm

Community Credit Repair specializes in collection removal, collection deletion, charge off removal, bankruptcy removal, late payment removal, repossession removal, foreclosure removal, tax lien removal, judgment removal, and dispute code removal. These are permanent deletions from your credit report.
Community Credit Repair will work with your creditors to lower your interest rates on your current credit cards to help pay off the debt faster, or we can settle the debt for much less than you owe.
Community Credit Repair will work with your delinquent student loan lender and have all of your late payments removed under the rehabilitation program.
Community Credit Repair offers credit coaching and budgeting techniques to help you re establish your credit faster and get you on track for long lasting financial changes.
Community Credit Repair fixes bad credit and low credit scores.
Call us today for a free consultation at 888-580-2879

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