Credit Restoration
We Remove these every day!
- Foreclosures
- Short Sales
- Settled Judgments
- Late Payment History
- Fraud
- Duplicate Entries
- Bankruptcies
- Charge Offs
- Repossessions
- Collections
- Unverifiable / Inaccurate /
- Obsolete Information
Based on the reporting from your creditors to the three bureaus, you will be given a numerical score, that reflects your level of 'credit worthiness'. This number is based on:
- The number and types of accounts you have opened.
- The amount of time the accounts have been open
- How many late payments that have been made, and how late.
- Current total accumulated debt.
- Any attempts made to open more accounts.
Every company that issues credit will examine the score to determine the risk and the likeliness that the loan will be repaid. The companies get the information to make their decision based on the reporting from past creditors to the credit reporting agencies.
The 3 Credit Reporting Agencies
- Equifax
- Experian
- TransUnion
Each of these nationwide credit-reporting agencies maintains a credit history on every person. Most companies obtain a report from each of the three credit reporting agencies. They use the middle FICO score of the three to determine the borrower’s credit worthiness.
How to Improve Your Credit Report Score with Good Credit
- Examine each report thoroughly to make sure there are no mistakes.
- Keep you balances under 50% of the available credit
- Don’t keep adding trade lines
- Don’t pull you credit too often
How to Improve Your Credit Report Score with Bad Credit
- Remove trade lines that are negatively reporting
- Dispute any third party reporting (collection agencies)
- Add Secure Credit trade lines
- Add Installment loans (car loans)
- Add utility bills as a trade line as long as they are paid on time