THERE IS NO FAST CREDIT REPAIR

If a low credit score is standing in the way of you achieving your goals and dreams, it is time to start down the path towards credit restoration. The reality is credit restoration is a process and takes time just as accruing poor credit took time. Banco Capital uses multiple strategies to improve your credit rating. Call us today at 1-800-442-1591

WHEN NOT TO SHOP YOUR CREDIT

If you are applying for a mortgage it is natural to apply several places in order to get the best rate.In this instance it does not hurt your credit so long as the checks are all done in a 45 days or less period.However applying for revolving credit or credit cards,the same theory does not apply because you may be approved for multiple cards which you cannot support.

Regain Financial Stability with Banco Capital

Banco Capital will work with you to improve your credit history and get your life back on track. We specialize in rebuilding credit for people with low credit scores due to various glitches such as past due payments, destructive settlements, judgments and foreclosures. We eliminate the old and negative items on your credit report.

A GOOD CREDIT RATING IS FEASIBLE FOR EVERYONE

Bad credit score restoration is one of the most required solutions inside our nation right now. The number of consumers needing help with there credit is absolutely astounding. The reasons why countless people suffer from destroyed credit history is because they haven't had work opportunities.

INCREASE YOUR CREDIBILITY

Maintaining or reconstructing good credit reqires having access to already established lines of credit. Hold onto old accounts as you would to enduring friendships. Call your credit card company of a seasoned account and ask that your limit be raised, but don't access any of the extra added limit.

POOR CREDIT RESTORATION-WILL YOUR REPORT REALLY NEED TO BE LIMITED

Poor credit restorstion is actually a respectable service that is required now more than ever. The number of consumers needing credit help is astounding. It's really the outcome of our own present monetary challenges,its more difficult to acquire cash for a mortgage or even a car,and especially a department store than it's ever been.

TRANSFERRING BALANCES

Do not transfer debts to a lower interest rate card if the balance on the new card ends up being 80% or more of the card limit. Your newly consolidated debt can lower your credit score. It is better to have five cards with with 20% usage than a single card nearly maxed out. Try and keep your balance below the 30% mark.

FACTORS THAT AFFECT CREDIT SCORES

The 5 factors weighed to calculate your score are: 35% payment history; 30% amounts owed; 15% length of credit history; 10% new credit; 10% types of credit. An individul's age is not a factor, but length of credit is therefore young people are at a disadvantage. A few accounts of 5 years with no late payments score higher than 15 new accounts of no late payments.

CREDIT REPAIR LETTER

Credit repair letters are formal numbers addressed to the credit reporting agencies,requesting them how to clean up the existing credit score issues. Simply, it can be describe as a letter asking for the removal of any untrue information existing on your credit.

AVERAGE CREDIT SCORES BY AGE

Credit scores range from 300 to 850. 720 or higher is a good score and below 580 is poor. Average credit scores by age are 18-24 = 638; 25-34 = 652; 35-44 = 659; 45-54 = 685; 55+ = 724. The 18-39 age group had the greatest number of late payments and the 40-59 age group had the greatest amont of debt.

IMPROVE CREDIT WITH INSTALLMENT LOANS

Let's find out the best way to qualify for an installment loan. First of all a steady employment history is the best and quickest way to ensure loan process will be successful. Already having a decent credit score is also helpful. Borrowing against property such as your home or car is also a good way to ensure your loan is given. Just make sure you can keep up with your payments, or else you might just default on your loan and your property will be taken.

WHAT'S YOUR SCORE?

Unfortunately we don't start with a clean slate as far as credit scores go. It takes time to earn good numbers. Young people will likely have a lower score than an older person because the length of a credit history accounts for 15% of the score. They do not have the depth and length of credit history as older consumers.

WHY MUST YOU CHOOSE THE RIGHT CREDIT REPAIR COMPANY FOR CREDIT RESTORATION?

A bad credit repair company will leave you in the dark as to what they are actually doing on your credit report,and as to when you can expect to be done with your credit repair campaign. A good credit repair company keeps the entire process transparent and allows you to see every step they are taking to improve your credit score.Call Banco Financial Services 1800.442.1591

FINDING THE RIGHT CREDIT REPAIR COMPANY

Some credit repair companies do some rather questionable things and make false promises in order to mislead consumer.For example, it is illegal to change a person's social security number in order to get a clean bill of credit.

IS CREDIT REPAIR LEGAL

There is nothing illegal about credit repair. Credit agencies are obligated to report 100% accurate information. If the information is inaccurate, unverifiable or out of date, a reputable Credit Restoration Firm can have the items removed from your credit report. Call Banco Capital @ 1-800-442-1591.

CREDIT - BOTTOM LINE

While your credit score is extremely important in getting approved for loans and getting the best interest rates available, you don't need to obsess over the scoring guidelines to have the kind of score that lenders want to see. In general, if you manage your credit responsibly, your score will shine.

DID YOU KNOW???

Under The Fair Credit Reporting Act (FCRA), each of the nationwide consumer reporting companies- Equifax, Experian, and TransUnion are reqired to provide you with a free copy of your credit report at your request, once every 12 months. Let Banco Capital help you improve that report. Call 1-800-442-1591

Credit Restoration Needed for Financial Stability

Credit stability is essential to remain viable in the financial sector today and achieve success in the long run. The best way to achieve stability is to consult with a credit restoration service who has the experience to implement the method needed to make permanent repairs. Call Banco Capital today @ 1-800-442-1591.

CREDIT REPAIR AND UNEMPLOYMENT

Bad Credit and unemployment go hand in hand. Did you know potential employers may turn down a job prospect because of bad credit scores. A National Human Resource study found that 35% of employers pull an applicant's credit as a condition of employment. 79% of credit reports contain erroneous information. Let Banco Capital help you improve employment success. Call us @ 1-800-442-1591.

A HEAD-START ON CREDIT REPAIR

Having a good credit score is imperative to buying a house, car, or paying for school. Your credit history determines the terms a bank offers or whether to service you at all. If you want to live comfortably without having to break the bank you need good credit. Fortunately bad credit is reparable. Call Banco Capital and find out how. 1-800-442-1591

GET YOUR CREDIT RESTORED NOW

Do you know how much bad credit can cost you? On a new home loan of $200,000, you could reduce your payments by as much as $250 a month with good credit. if you are planing any financing such as lease option, rent or major purchase, call Banco Capital @ 1-800-442-1591 to get your credit restored.

Choosing a credit repair agency is very inportant now days alot of agencies are not keeping their promises to their clients. Banco Capital Corp can ensure you positive results and will answer any questions that needs to be explained about your credit issues accurately. Call us today!!!!!!!!!! 1800-442-1591

CREDIT RESTORATION ADVICE

Credit restoration is a problem many people are facing today. There are options if you need credit repair. You can do it yourself or hire a reputable company to do it for you. It is a difficult task and we can save you stress and headaches. Call Banco Capital @ 1-800-

Banco Capital Corp.

Maintaining good credit can be a hard task now days.

Times are hard, don't hesitate to consult with credit restortion services. Making bill payments on time can be a hassel and a major set back to your credit. Consider Banco Capital Corp to make positive outcomes to your credit today!!!!
1800-442-1591

TRANSFERRING BALANCES

When transferring balances from one card to another, the inquiry on your credit report from a new lender can lower your score by a few points, but the real problem is what you do with the old account. If you close it, your credit limit goes down and your credit-utilization ratio increases if you have debt on any other cards. The best bet is to leave the old account open and keep a zero balance.

KEY WAYS TO IMPROVE YOUR CREDIT REPORT

Three key ways in which people can improve their report is to first pay your bills on time. Second, don't get close to the edge and use more credit than you really need. And third, don't apply for new credit unless you absolutely have to.

WHAT CAN BANCO CAPITAL DO FOR YOU?

Banco Capital may be able to remove Collection Accounts - Judgments - Medical Bills -Foreclosures - Repossessions - Tax Liens - Inquires - and excessive names and addresses from your credit report. Call 1-800-442-1591 today.

CREDIT CAN BE RUINED WHEN JOB IS LOST

If you are coming out of a tight financial situation, credit restoration is essential. If you can restore credit the way it was , than you can see the light at the end of the tunnel for your financial woes. Credit Restoration is the answer if you have been through a tough financial storm.

YOU CAN REBUILD CREDIT

Did you know? Negative items do not need to stay on your report for 7 years. There are flaws in the credit system that you can take advantage of. You can live the same lifestyle and reduce all your payments.

ONLY YOU CAN DO SOMETHING ABOUT YOUR CREDIT SCORE:

Only you can do something about your credit score. If you know you're being ripped off and robbed, it's time to fight back and rebuild your credit. Call BANCO Capital @ 248-286-5100 or
1-800-442-1591.

CREDIT BOTTOM LINE

While your credit score is extremely important in getting approved for loans and getting the best interest rates available, you don't need to obsess over the scoring guidelines to have the kind of score that lenders want to see. In general, if you manage your credit responsibly, your score will shine.

WHAT ISN'T IN YOUR CREDIT SCORE

Marital status - age - public assistance - salary - occupation - employment history -rental agreements - participation in a credit counseling program

BANCO Capital Corporation

BANCO Capital Corporation has several locations to serve you!

Call for a location NEAR you! Call 1-800-442-1591!

BUSINESS START UPS

Be your own boss. Let us help you start your business the right way: Corp.(inc.) Limited liability corporation (LLC), Non-profit Corp (501(c)3). Banco Capital can help you gain financial stabililty with intelligence & integrity. Call 1-800-442-1591.

DO YOU STUFF YOUR WALLET

A wallet full of cards will not hurt your score, but if you open several new accounts in a short period, your score will take a hit. Home and car financing are the best boost for your score.

Does It Hurt Your Credit

Trashing parking and speeding tickets, library fines, and other dues to government does not go directly to your credit report. However, if they eventually go to a collection agency they damage your score just as unpaid rend, medical bills, etc. Call Banco Capital @ 1-800-442-1591 for help in removing collection accounts from your credit report.

CREDIT EDUCATION CD'S

BANCO Capital Corporation is offering a CREDIT EDUCATION CD for $25.00! Know what the Credit Bureau don't want you to know! Education is the KEY into open all doors! Call 1-800-442-1591; http://www.bancoservices.com

Know Your Credit Score

Monitor your score and so that you and not lenders are the first to know about recent changes on your credit. Credit scores are like your weight which is determined by not only what you eat but how much and if you exercise. Your weight helps make up your physical health. Your credit health is determined by the amount of debt, number of accounts and credit use.

Debt Reduction Techniques

When paying off debt, behavior modification is more important than math. Pay off debts smallest to largest regardless of interest rate unless the larger debt is the IRS or if you are trying to stop a foreclosure. Call Banco Capital @ 1-800-442-1591 for more credit education information.

What Can Banco Remove from Your Credit Report?

Collection Accounts - Judgments - Medical Bills - Foreclosures - Repossessions - Tax Liens - Inquires - and excessive names and addresses. Call 1-800-442-1591 today

IS CREDIT REPAIR FOR YOU?

Credit repair can change things sooner than you think if done by a professional. Contact credit repair at least 6 months before shopping for new loans or a mortgage. Working with a credit restoration company makes sure your credit score is as high as it can possibly be.

CREDIT RESTORATION SPECIALS

BANCO Capital Corporation is offering Credit Restoration SPECIALS!
ALL AFFORDABLE! Please call today; 1-800-442-1591 or check us out
on http://www.bancoservices.com

1. $250.00 to start; $100.00 monthly
2. $500.00 Judgment Special; 1 Judgment, 1 Collection, 1 Inquiry
3. $250.00 Five Items in 45 Days

Call 1-800-442-1591 or http://www.bancoservices.com

SIX WAYS TO RAISE YOUR CREDIT SCORE

Six Uncommon Ways to Raise Your Credit Score
1. Pay Bills before Payment Date
2. Make Multiple Payments
3. Ask for a "Good-Will Deletion"
4. Pay for Removal
5. Protect Yourself in a Short Sale
6. Call BANCO Capital Corporation 1-800-442-1591
Check us out on the website @ http://www.bancoservices.com

HOW CREDIT AFFECTS OUR LIVES

Shelter: leasing an apartment or purchasing a home; Transportation: leasing or purchasing a car; Utilities: Ordering gas, lights, cable, phones; Education: financing for your child; Employment: Applying for certain jobs; Products: Computers or Appliances; Business: Starting a company; Emergencies: A credit card for unforeseen events; Savings & retirement: Lowered interest rates and savings.

Your New Graduate

Be aware that as a co-signer on your graduate's credit account you will be held accountable for the debt and skipped or late payments, which will affect your credit score as well as theirs. Make sure they read the fine print to be aware of credit limits, grace periods, annual fees, terms and conditions.

CREDIT RESTORATION TIPS

These are Credit Restoration Tips to BETTER Credit!
1. Know whats on your Credit Report
2. Call BANCO Capital Corporation, 1800-442-1591 get a FREE package
3. Call BANCO Capital Corporation, 1800-442-1591 get a FREE quote
4. Make your deposit
5. Start seeing results in TWO weeks!

HAPPINESS and BETTER Credit awaits you!

Your New Graduate

Most students can no longer "sign up for a credit card and get a t-shirt" on campus. If under 21 they need a co-signer or proof that they can repay a loan. Teach them the basics of credit and know that they they are building a credit history to be used later to evaluate their creditworthiness.

CREDIT HOW TO

At Banco Capital we will work to properly restore your credit report by eliminating damaging, negative and incorrect information. We will show you how to establish and repair your credit. We can help you bounce back from a bankruptcy, foreclosure, collections and judgements and much more. Call us at 1-800-442-1591

Banks Require Higher Credit Score Today

A score in the upper 500's used to be good enough for a government mortgage. The new gold standard is 740. One $100 collection could cost you 120 points. The more recent a delinquency, the worse it is for your score. Your late payment yesterday will cost you more than being late 4 years ago.

Spring Clean Your Credit

1)Check your Credit Report. Make sure there are no errors. 2)Assess your credit card debt. Plan how to avoid further debt. 3)Improve your interest-rate. Try and negotiate a lower rate or waive annual fee. 4) Prioritize high-interest debt. Pay off highest interest cards first. 5)Pay your bills on time 6) start budgeting and hold yourself accountable for your spending.

Credit Scores

The exact formula varies, but credit scores are based on complex algorithms that include factors such as the length of your credit history, the amount of available credit, outstanding debt and negative marks such as bankruptcies, collections or late payments. Of all the different types of scores the FICO is the most widely used by lenders and range from 300 to 850.

Mortage Missteps Affects Your Credit Score

30 days late on mortgage payment could drop your score 60 to over 100 points. A short sale in lieu of foreclosure will probably cost you 70 to 125 points as well. A short sale or foreclosure with the amount of unpaid balance disclosed could cost you over 150 points. It could take between as long as 3 years to return to your original credit score after a late payment and up to 7 years from a foreclosure or short sale.

Credit Repair Hope

There is no history too ruined, or any negative object too harmless. There is hope for you to help restore command over your current financial circumstances, get back on target, feeling great and unembarrassed about your credit score. Credit repair is for any report from the seriously ruined, to the small mistake, however, you need a professional working for you. Call Banco Capital today at 1-800-442-1591

HR CAN SEE YOUR REPORT

Your credit report and your credit score are two completely different things and are not interchangeable. Employers in most states can look up your credit report as part of a pre-employment screening and even during the term of employment. However, they do not have access to your credit score. Credit restoration is removal of negative items from your credit report.

RESTORING YOUR CREDIT

Get a secured credit card by depositing $2 or $3 hundred in a bank or credit union and using the deposit to secure a credit card to make small purchases every month and paying them off at the end of the month. However, never use more than one-third of your available credit. Similarly, take out a small loan and making timely payments every month.

Being a Business Owner

Being a Business owner has a ton of rewards but it also comes with a ton of challenges. Always hold your head up and move forward regardless of any obstacles that you may face. Life isn't easy so why should being a business owner be any different. Hold on to life's challenges and changes. Today is a better day than yesterday because yesterday is gone...

BANCO Capital Corporation is removing negative items from credit Reports. Call one of our offices and get a FREE package emailed to you today!
DETROIT 1-800-442-1591
FLINT 1-810-787-8449
FERNDALE 1-248-414-5100
SOUTHFIELD 1-248-286-5100

OR check out our website; http://bancoservices.com

MORTGAGES

It is common after marriage to buy a home and this is when a spouse's credit score is most critical. If the mortgage is under both names the bank will check both credit scores. The lender may take an average of the two scores or use the lower score. If your score is 780 and your spouse is 580, it probably makes a difference.

USE CREDIT CARDS STRATEGICALLY

Credit mainteance is not crdit abstinence. Use your credt cards on small purchases because ativity is a factor in setting your FICO score. Use your credit card to pay at the restaurant, but pay the balance in full to keep your account active. Do not close old credit card accounts because it shartens your credit histor and lowers your score.

HIDDEN COSTS OF BAD CREDIT

There is no comparison of how much a mortgage interest would be for someone with a 550 credit score vs. a score of 750 higher. Why? With a score that low you are unlikely to get a mortgage. However the diffrence between a score of 620 and 750 is approximately 2% or 6% vs. 4%

BUILDING CREDIT

Keep your accounts in an active status and use the credit cart at least once a month. Most lenders want t see at least a year of activity before offering you services. Get a secured credit card and use it instead of cash. You apply your own cash to secure the card and your charge limit amounts to what you put on the card which is usually a minimum of $300.

YOUR CREDIT SCORE IS NOT

Your credit score ignores your age, salary, and occupation. It does not take into account financial gifts, support you receive or your financial assets. Credit scores are less important for borrowers who seek loans that take these factors into account.

CREDIT SCORE AND PAYMENT HISTORY

A long history of making payments on time is one of the most important items lenders consider before approving you for credit. Accounts opened for 10 years or more will help your score and improve the average age of all accounts.

HOW TO BUILD YOUR CREDIT

When realizing that it may be time to rebuild ones credit may seem impossible, it's NOT!!!

1. Start by getting a copy of your credit report.
2. Keep the accounts in active status. Use the Credit Card at least once a month. Make sure you pay the minimum payments on time each month.
3. Get a secured credit card and use it as much as possible instead of your cash. Most banks will allow consumers to get a secured credit card by applying their own cash to it.
4. Become authorized by a family member. If you can find a family member that will trust you and put you on their account as an authorized user it will show on your credit history.
5. Get a department store credit card. Store cards are easier to receive, but usually have interest rates. This is a good way to establish credit just be careful that it's usage does not get out of hand.

BUILDING CREDIT

Do not open a credit card at every department store that offers one for 25% off the purchase price. In fact adding a new card once a year and having it remain open at least 5 years is a good gauge. Late payments and excessive card debt affects beginners more than it does consumers with larger and older credit files.

FACTORS AFFECTING YOUR CREDIT SCORE

Opening and closing credit can drop a score up to 60 points. The closer the balance on a credit card is to the limit, the more a score drops. If the balance is over 10%of the limit, the score can drop 100 points. A score is affected less by negative information as the information ages. Making an account current does not remove late payments in the past.

CREDIT REPAIR MYTHS

#1. Paying off a past-due account will change your account to a "paid" status and no longer reflect negatively. #2. Negative-listings are required by law to remain on my credit report at least 7 years. Laws sets a maximum number of years to remain on your score, but not a minimum. #3. Bankruptcies,foreclosures and tax liens can never be taken off my report. Wrong. Almost any negative listing can be removed.

CREDIT SOLUTIONS

Bad credit can happen to GOOD people; divorce, change in employment, medical bills, and other life situations can lead to bad credit. Don't be ashamed, take action. Call Banco Capital now. 1-800-442-1591

WHAT IS CREDIT SCORING

Credit scoring is a system creditors use to help determine whether to give you credit and decide the terms you are offered. The credit scoring system helps predict how creditworthy you are and how likely it is that you will repay a loan and make the payments when they're due.

14 Times When You Should Not Use Your Credit Card

1) After midnight
2)When your near your credit limit
3) When considering an extended warranty at the car dealership
4)If you're pay off one credit card with another, and its a habit
5) At a flea market
6) If you think your building your credit history
7) If you cant pay for half the purchases with cash on hand
8) When its all abou the rewards points
9)When you think prices may drop
10)To buy something from a website with a obscure foreign extension
11) If you dont have a plan for paying it off
12) If you're charging things that you used to pay cash for
13) When you feel that you'll save money by purchasing something you want rather than need
14) When the temptation for a big impulse buy strikes

http://finance.yahoo.com/banking-budgeting/article/110929/15-times-when-you-shouldn%27t-use-your-credit-card?mod=series-m-article-c

YOU CAN CHANGE YOUR CREDIT SCORE

Your credit score may be lower than it should be and only you can do something about it. An estimated 80 million Americans are suffering from bad credit. They are not just deadbeat neighbors. Bad things happen to all walks of life. Medical bills, loss of jobs and business closures can crush your finances and take over your life. We can help. Call Banco Capital @ 1-800-442-1591 or 248-286-5100.

MAKE OR BREAK YOUR CREDIT SCORE

Carrying a $4,000 balance on a credit card with a $5,000 limit will damage your credit score more than a $4,000 balance on a card with a $12,000 limit. Be careful when requesting an increase to your credit limit though. Having $80,000 of available credit when you make $60,000 per year is a negative.

REBUILD YOUR CREDIT

Begin by paying your creditors on time.Get a secured credit card, preferable from a credit union, and use it instead of cash.Become authorized by a close friend or family member to add your name to their account.Get a department store credit card. They are easy to obtain, but the interest is high so pay it off every month.

How to Make or Break Your Credit Score

STEP 1: Keep your credit cards under 33%. Carrying a balance wont damage your score, it will if your debt utilization rate starts to climb above 50%. Pay your balance full every cycle if possible.

STEP 2: Pay your bills on time. With any kind of credit obligation it's really critical to always pay on time, even if you can't pay in full. Late payments will hurt your score.

STEP3: Use Different forms of credit. Holding a variety of lines:car, loan, installment loan, mortgage, store card; can improve your credit score, as long as you're mindful of the first two steps.

STEP 4: Develop a history of credit. Maintaining responsible payment habits over time will increase your score.

STEP 5: Don't Overburden your credit lines. Its best not to use more than half of any given credit line, and even better not to use more than one-third.

WHAT FOLKS WITH GOOD CREDIT DO RIGHT

Have 4 to 6 credit card accounts with an average of 10 years or more credit per account.No late payments in seven years and at least one installment loan with excellent payment history. They have no bankruptcies, foreclosures, charge-offs or collections and fewer than 3 credit inquiries in the past 6 months. The debt level is no more than 35% of over credit limit per account.

THE DISPUTE PROCESS

Anything that is incomplete, unveriable,, and outdated will be disputed. The most common errors are re-aging accounts, debts that are over the statute of limitation, unverifiable and creating more than one account for the same debt. This process alone may increase your score from 10 to 20 points per account.

BETTER CREDIT SCORE STRATEGIES

There is no secret formula for improving your credit score, but a good understanding of credit restoration strategies can help you get started. It is possible to improve your score and get negative items off your credit record, but you have to go about it the right way. If you are committed and motivated to succeed let Banco Capital help you make a new start. Call 1-800-442-1591.

NO CREDIT HISTORY?

No credit cards and paying cash for everything does not give you a good credit history. It gives you no credit history. You can build up your credit history if a friend or relative is willing to share a credit card with you and add you as an authorized user onto their accounts. You can also put utility bills and other accounts in your name if if someone else pays the bill.

Credit Use

Apart from removing incorrect information from your credit report, you can start repairing or rebuilding your credit simply by improving your credit behavior. Start by making sure you pay your bills on time every month, as this is the single biggest factor in you credit score. Paying off any credit card debts will also help you increase your score. If you dont have funds available to pay your bills, you should talk to credit counselor as you may need to employ more serious optings such as debt settlement or bankruptcy.

www.ehow.com

WHEN TO PAY OFF AN ACCOUNT BALANCE

Paying off a loan may have a negative effect. Often lenders require an applicant to have at least 3 open, active accounts for 24 months or longer. If the loan is paid off it doesn’t count as one of the 3 accounts. However, if you pay off a loan, your credit history is updated to reflect that and stays on your report for 10 years. Negative information stays on your report for 7 years.

Effect of Inquiries on your Credit Report

For large purchases, i.e. mortgages or auto loans, when shopping around for the best quote, try and arrange for all inquiries to be made within a 15 to 30 day period. They will have minimal negative impact on your credit report if they are all within a short time of each other.

How much does bad credit cost?

If you purchase a $20,000 car over five years, mildly damaged credit will cost you $4,722.54. Poor credit will cost $8,593. If you purchase a $100,000 home over 30 years, mildly damaged credit will cost you $50,155.24. Poor credit will cost $130,791.63. If you pay $10 a month on a $500 balance on a credit card, poor credit will take 14 years and cost $1,174.36 in interest.

Why cant you just pull or order my credit report for me?!?

Beware of companies that do!
A company or individual must have a "permissible reason" for pulling a consumer credit report such as judgment/collectons, extension of new credit and employment screening.

WHAT IS CREDIT HISTORY

A history of debt is not credit history. The distinction makes a big diffrence. It means using a credit card and paying off the balance each month. It does not mean racking up a lot of credit card bills. Credit and debt are not the same thing.

ARE CREDIT PROBLEMS HOLDING YOU BACK?

If you are having credit problems and cannot get approved for credit for the things you really want and need, you could give up or put everything on hold while you wait for your credit to fix itself. But there is a better way. Call Banco Capital to find out how we can help you. 1-800-442-1591

YOUR CREDIT SCORE

A low credit score is not the end of your financial world. Discipline and responsibility can help rebuild even the lowliest of scores. Paying more than the minimum, reducing the number of cards in your wallet, negotiating a payment plan and taking advantage of the comments section on your credit report can all help boost your score and improve your odds of success the next time you need a loan.

Boost your credit score

Increase your credit score by a least 20 points or more in a single month by following these 7 rules
1.Pay recent past dues on the accounts that recently fell a month or two behind.The more recent the late payment the more it will lower your score.
2.Request good faith adjustment by contacting the creditors who report late payments on your credit report ask them to make a good faith adjustment to remove the late payment information from your credit report files.
3.Pay collection that agree to vanish:Pay off accounts where the collection agencies agree to remove all references to the accounts from the credit bureau.
4.Spread Debt evenly: Evenly spread your balances over your cards with the lowest interest rates and the highest credit limits.
5.Report credit limits: Some of your credit accounts may not report the credit limit to the credit bureaus. Ask the creditor to provide this information.
6.Keep the right credit: Major bank credit cards, held for a long time with good payment histories help boost your credit.
7.Limit new accounts Many people open new department store credit around the holiday. To receive additional money off their purchases, These accounts hurt your credit score.So after you use the card promptly pay these off and close them.

BENEFITS OF GOOD CREDIT

1)Get a mortgage at an exceptional rate, 2) Get approved for the apartment you want 3) Open a new new credit card 4) Finance big ticket items instead of paying up front 5) Save hundred of dollars by paying less interest.

ABOUT YOUR CREDIT SCORE

Paying your bills on time does not automatically raise your credit score. It is only 35% of the total points. Carrying a balance is not always good if it is more than 15% of your overall limit. HR cannot see your credit score, only your credit report. Only lenders have access to your score. Short sales and foreclosures have the same effect on your score. Bankruptcies stain your score for 7 years, but your score improves as the item gets older.

CREDIT SCORES MATTER

If you have a good credit score you were probably asked for a smaller security deposit where you currently rent. What did you borrow from your landlord? The right to live in that apartment. Don't let a late payment cost you a job. Prospective employers are allowed to use your credit history to decide whether or not to hire you.

5 Keys to unlocking a better credit score

Sometimes people get in over their heads. They rack up some much debt that they're unable to make consistent interest and principal payments and when you're late or unable to make payments, your credit rating suffers. These 5 tips will help you raise a bad score and win favor .
1.Pay more than minimum
2.Work out plan
3.Switch from Credit to Debit cards
4.Cut up those store cards
5.Add comments to your credit report
Discipline and responsibility can build even the lowliest of scores. Paying more than the minimum,reducing the number of cards in your wallet,negotiating a payment plan and taking advantage of the comments section on your credit report can boost you score and improve your odds of success the next time you need a loan.

THE PERFECT CREDIT SCORE

Why? A high score says you're responsible, trustworthy, and in control of your life. A perfect score is 850. Payment history is the single most important factor. Next percentage of what you owe to how much credit is available. Your mix of credit is important, i.e.,mortgage, credit cards, and auto loans.

WAYS TO WRECK YOUR CREDIT SCORE

Do not settle past due debts to play less than you owe. Recent information is more important than past mistakes. Do not transfer balances from a high interest card to a low interest card because new accounts decrease your score and it reduces your debt to available credit ratio. Do not close old credit cards because creditors like to see a lot of available credit. Do not pay off your mortgage because it provides a necessary credit mix. Do not avoid credit altogether. The ideal number of credit lines open is between 6 and 21.

KEEP YOUR CREDIT SCORE HIGH

Cancel excessive credit cards and lower your available credit and usage ration. The longer you have had an account, the better. Multiple request for credit means you're a greater risk. Squeeze all your inquiries into the same 45-day period and they count as a single inquiry.

YOUR CREDIT SCORE

A credit score of 680 has been devalued in favor of scores of 720 or more. Scores range from 330 to 830 and the average is 698. A score of 619 is considered subprime and a score of 770 or more is considered top tier. Each lender however has their own "break point" between tiers because the tier system of credit scores can be fickle.

Asscess Your situation

Before you even start to think about rehabilitating your credit, make sure that you can pay your bills on time and not do any more harm. If keeping up with your credit card bills is still an issue, then call the issuer,explain your situation and try to negotiate payments you can afford. Ask the issuer how that will be reported to the major three credit bureaus: Not paid as agreed, which can hurt your score? Or will the new terms say that you are now paying as agreed

Heal a Wounded Credit Score

Before you begin, make sure you can pay your bills on time and not do any more harm. Payoff credit cards, but not installment debts. Get your debt down to 30% of your available credit. If a credit card ends up in collection expect to lose between 80 to 150 points from your FICO score. A short sale or foreclosure can drop your score 200 points

Your Credit Score Matters

If you don't plan on buying a car or house or applying for a loan soon, you may think your credit score does not matter. However if you rent an apartment, your landlord checked your credit score. If you applied for a job, many employers use your credit score in deciding whether or not to hire you. Your credit score does matter.

Retrieve Credit Report

Each Credit bureau offers an annual credit report for free. You can request your personal information by phone,fax, or through an online service once per year. It is vital to review all three of your consumer reports to find the names of the collection agencies issuing negative marks on your file. With this information available, you can pass it along to your credit repair consultants or contact the agencies directly for verification of the debts.

Remove Collection Accounts on your Credit Rort

Collection accounts on your credit report can cause chaos as you search for a new job, apply for loans or purchase a home. You need to remove collection accounts on your credit account with proven strategies to ensure success. The task is challenging if you do it alone, but becomes easier if you hire a reputable credit repair firm to manage your account effectively.

What is My Role in Fast Credit Repair?

Your cooperation is essential when youcontract with a credit specialist. You will have to fill out a retainer package and provide verification when requested. You will receive updates from the credit bureaus regarding the company's communication with them on your behalf and you will need to forward such documents to your specialist. Your attention and promptness will make the progress a whole lot faster.

How Long does credit repair take?

Repairing credit slightly takes at least 35 days. On average, you can expect your credit score to go up a few points during this time. Significant improvement can take 180 days or more. Disputing negative entries on your credit report is among one of the easiest ways of helping your score to go up. It is not uncommon for errors or incomplete items to find their way on to your credit report adversely influencing your credit report.

What Do Credit Repair Companies Actually Do?

Specialists in credit actually remove negairve items from your credit report. This always includes inaccurate reports and reports that are made in violation of your consumer rights. In many cases, they can even get rid of late payments records, charge-offs, repossessions, collections accounts, judgements, liens, and bankruptcies.

6 Cost you should always Negotiate

1.Credit Card Rates
since Credit Card reform act, card companies are competing fericely again for new customers
2.Mortgage and Refinancing Rates and Fees
"Morgage lending has gotten difficult, which means that a lender will work hard to make a deal" Says Rheingold
3.Home Improvements
"Business is slow and that means contractors are willing to haggle over their prices" says Greg Daugherty
4.Home Appliances and Electronics
Store Managers understand that a discounted deal done today is often better than a potential deal in the future.
5.Cars
Car dealerships are one of the few place where price negotiations are not only acceptable, they're expected
6.Medical Bills
Patients usually assume that the cost for various medical procedures and test are set in stone, but often they're not.

WHEN NOT TO USE YOUR CREDIT CARD

1) After midnight. 2)When you are near your credit limit 3)For extended warranty at a car dealership 4)To pay off one card with another 6)At a flea market 5)To build credit history 6) When it's all about reward points 7)to charge what you use to pay cash for 8)If you don't have plan for paying it off 8)When the temptation for a big impulse buy strikes.

OPENING NEW CREDIT CARDS

Do not always close one card to open another because of a lower rate. Try and negotiate a lower rate with the old card because hopping from card to card can lower your credit score. Credit bureaus also look at the length of a consumer's credit history.

Those of you looking to either buy or refinance a home, or apply for any type of credit may be having challenges because of items that are on your credit report. A credit restoration agency more or less will help file paperwork with creditors on your behalf. A restoration company will walk you through the process and handle any hiccups that might come up as items are being removed.An increase of even 20 to 25 points in a credit score can mean the difference between an OK rate and a great rate.

Myths the Credit Bureaus want you to believe

1. Paying off a past-due account will change your account to a paid status and it will no longer update your credit.
2. It is against the law for creditors to remove a negative listing on my credit record.
3. Bankruptcies foreclosures and tax liens can never be taken off your credit report.

WHAT IS ON YOUR CREDIT REPORT

Your credit report contains 1)your personal information, i.e., name birth date, address and employer. 2) A brief statement as to a fraud alert or explanation of why a late payment occurred. 3) A 7 year history of accounts detailing installment, real estate, revolving credit, dates accounts were opened, and high balance. 4) Public Record information as to bankruptcy, tax liens and judgements. 5) Inquiries as to a list of companies who have accessed your credit history in the last 2 years. 6) Creditor contact information.

6 EXPENSES TO NEVER PUT ON A CREDIT CARD

1. A big tax bill;the IRS charges less interest - 2. a gambling spree; you should seek counseling - 3. college tuition; seek grants and other options 4. Plastic surgery 5. lavish wedding; scale back and stick to a budget 6. A trip for two; who pays for it later if you break up.

CREDIT SERVICES

The purpose of credit restoration is regain a positive credit rating. Banco Capital will review your file for a successful outcome and provide assistance on how to manage negative accounts. If you have negative information on your report you need to seek the advise of a professional.

SECRETS TO A GOOD CREDIT SCORE

Some people have lots of terrible credit but no good credit or seasoned tradelines. Paying off debt collectors does not improve credit scores Re-aging debt is a common collection secret and trap. Just one late payment of 30 or more days can lower your score by 100 points.

8 People You Should Not Trust With Your Credit Card

1.) Your child who lacks education and maturity. 2) Callers investigating credit card scam. 3) Loved ones - 13% of identity thefts are by those close to you. 4) Hired help. 5) Virus protection heroes and new protection software. 6) Restaurant waiters - check receipts and statements carefully. 7) Debt collectors. They will often charge your card with more than you agreed. 8) You. The smartest people do the dumbest things.

KEY WAYS TO IMPROVE YOUR CREDIT SCORE

First pay your bills on time. Second, don't get close to the edge or use more credit than you really need. And third, don't apply for new credit unless you absolutely have to.

CREDIT OPTIONS FOR A NEW MORTGAGE

If seeking a mortgage you can either search for the best offer with your current credit situation or focus on credit restoration and eliminate a poor credit situation in 90 to 120 before you purchase your home. With poor credit, you will pay more in closing costs as well as hundreds more each month in house payments. You may also end up paying a PMI fee, which is a form of insurance because of your bad credit.

RELIABILITY OF CREDIT RESTORATION

Disputing errors on your credit report can significantly raise your score. On time payments influence 35% of your score. High revolving debt hurts your credit score. Paid charge-offs do not restore credit unless they are reflected as "paid as agreed"

"Credit Score" is a ranking not a rating

Your credit score is a ranking of your credit worthiness compared to the rest of the US population at a specific point in time. Market conditions and a bad recession affect your credit worthiness. Therefore improving your credit score is not always within your control.

CREDIT REPAIR IS BIG BUSINESS

"Credit Repair" is not a dirty word in the midst of a collapsed economy and $1.5 trillion in bailouts with consumer money. Consumers should be responsible and pay what they owe, but 70% of the information on your credit report is inaccurate and creditors often re-age items on a credit report.

SIX BAD CREDIT ITEMS YOU NEED TO AVOID

1) Bankruptcy which typically stays on your report 7 to 10 years. 2) Debt Collections. 3)Foreclosure which limits your ability to take out new lines of credit. 4)Charge-offs or noncollectable accounts. 5) Lawsuits and outcomes stay on your report 7 years. 6) Tax lien which remain on your report 15 years if unpaid; and 10 years if paid.

Six Bad Credit items that you need to avoid

It is quite easy to have a mishap in terms of your credit but banks,creditors and lenders all use your credit report as a indication of your finacial standing. Mistakes and situations arise daily. Here is a list of items you should hope to never grace your report. Delays in repairing your credit could cost you thousands that could be saved for your retirement,your child's tutition, or that vacation you have always wanted. 1. banruptcy 2.Debt collections 3.Foreclosure 4.Charge-offs 5.Lawsuits 6.Tax liens.Each of the accounts reported on your file typically stays on your credit report for 7 to 10 years.

How to Approach Credit Restoration

You can do credit restoration one of two ways. Do it yourself or seek the assistance of a professional. You need professional advice if you encounter divorce, loss of work, collections charge-offs, late pays, tax liens, repo's and judgements. Call Banco Capital at 248-286-5100 and we will give you our professional opinion

AVOID IDENTITY THEFT

1) Put work # on your checks, not home #. 2) photocopy both sides of everything in your wallet. 3) Do not sign back of credit cards. Write "photo id required" 4) Keep toll free number for each credit card in one place. 5) Call the 3 national credit reporting bureaus to place a fraud alert on your name and social security number in the event your information is stolen.

Jumpstart the Credit Process...

In order to get the best deals in life's most important offerings, you need to pay full attention to your finances. If you have bad credit, you'll be left with bigger down payments, higher interest rates, and stricter terms. The first thing you need to accopmlish is getting a copy of your credit report. Under the FCRA federal law, you are entitled to a copy of your credit information every year. The next thing you have to do is very important. Fixing the damage you have caused your finances.If you choose to fix your credit alone you could damage your credit futher. Third, you should turn to a attorney assisted credit repair.

3 Key ways to improve Your Credit score

A Fico score is a measure of consumers financial health and creditworthiness. It's the number ranging from 300 to 850 higher the better. The average Fico score is about 700 and pretty much every bank uses a Fico score when making lending decisions.
Fico creates the score by simply feeding numbers into its formula based on statistical evidence with no judgement or evaluation or emotion.The main factors that are taken in consideration are.
How much total in debtedness a consumer has.
How long they've had the debt."Newer relationships are riskier than things you've been paying over a long period of time
How much available credit is being used:"If you're close to the edge on your credit cards, that a danger signal."
Three key ways in which people can improve your score First pay your bills on time. Second don't get close to the edge.Don't use more credit than you really need. And third don't apply for new credit unless you absolutely have to.

DO YOU KNOW?

Less than 10% of people look at their credit score annually, but wait until they get ready to buy a car or real estate or refinance. 25% of credit reports contain errors serious enough to result in denial of credit. 79% of credit reports contain errors of some kind. 54% contain incorrect addresses, misspellings and long-outdated information. 30% contain closed accounts or incorrect reporting of accounts.

A Season of Resolutions

Resolve to free yourself of credit card debt by #1 Evaluate the necessities; #2 Make payments strategically; #3 Don't pay less than the minimum; #4 Negotiate and most importantly #5 consult a professional about credit restoration.

Achieve Financial Security

Credit repair is about financial health. The benefit is money in your pocket. Lower cost of borrowing and doing business translates into more room in your budget for saving. Time does not heal issues of the past. You need to take an intelligent approach to credit repair. Stay away from store cards (clothing, furniture, etc.). Build your credit with MasterCard, Visa, American Express and Discover Cards. A maxed out credit card can knock 100 points off your score.

WHAT AFFECTS YOUR CREDIT SCORE

There are a host of factors that affect your credit score.Getting a new cell phone contract, car loan or opening up a new credit card all affect your score. Late payments stay on your score 7 years and bankruptcy stay 10 years. Close unused credit cards and spread out the use of credit among the cards you carry. Check your score at least once a year because 80% of scores have misinformation.

WHAT IS CREDIT RESTORATION?

Credit restoration is a well-planned strategy to fix an individual deficient credit rating. This is meticulously done by updating or correcting one's credit report until it totally reflects a credit rating in good standing. First thoroughly check your credit history. Next clear up all unsettled balances.

UNDERSTAND YOUR CREDIT SCORE

A few years ago 700 was the barrier for getting approved for the best rates. A goal line now is 760 to ensure getting the best rates. The lowest acceptable score was 500, but is now 600 to 620.