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.