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