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