WHAT YOU NEED TO KNOW ABOUT CREDIT

If your credit problems are induced by debt, restoring your credit rating can be difficult. Much of your credit score is based on how much unused credit you have uncommitted. Example, if your credit card has a $2000 limit, it will improve your credit score if there is a balance of $20, leaving usable credit of $1,980. If you have a balance of $1900 with a usable balance of $100, it will lower your score.

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.

FULL CREDIT REPAIR SERVICE

Cleanse your credit report with BANCO Capital Corp in Southfield, Ferndale, or Flint, MI. Our goal is to be much more affordable than the industry standard and offer same if not better service. We help you by removing negative, misleading, inaccurate, unverifiable and outdated info from your report.

Credit Restoration-Is It Possible To Do It Yourslef?

Credit restoraton is a well-planned out strategy to fix an individual's credit. First thoroughly check your credit history with all three major credit bureaus. Look for specifty vital information like past dues, over limit expenses, and incorrect information on your account. After pooling all inaccurate information, you can start filling/sending dispute lettes. It is your right to question any entry you deem false or invalid on your credit report. Next, clear your unsettled balances. Work with a debt collector and seek suggestions on the most efficient method of handling payments.

AVOID CREDIT CARD FRAUD

Use CC's on secured websites online; do not let your CC's out of your sight; Only carry cards you plan to use; keep pin number and card separately; set an alert system; review your statement regularly and change your password regularly.

YOUR CREDIT SCORE

Your credit score acts as your economic identity. It is a measure of your credibility to lenders. If you have an undesirable payment history, you will have an unhealthy score. If you have a negative credit score and need some help to improve your score, give Banco Capital a call at 248-286-5100

CREDIT REPORTS CONTAIN ERRORS

Three-quarters of all credit reports contain errors. Many of them cause financial disruption. Errors in more than half contain errors serious enough to cause consumers to pay higher interest rates or a loan to be denied. Three major credit bureaus each report more than 2 million Americans. Half of that is 3 million. That's a lot errors.