Action Credit Repair

It is no secret that bad credit can make your life more difficult than it needs to be. Bad credit takes away your choices. When you have credit problems providing yourself and your family with good housing, reliable transportation, credit cards, loans, and even a higher education can be difficult or sometimes impossible. Sadly poor credit can realistically cost you hundreds of thousands of dollars over the course of a lifetime - money you cannot afford to waste. The good news, however, is that bad credit does not have to be a life sentence and Action Credit Repair can help.

Earning good credit can give you financial freedom like you may have never experienced before. Action Credit Repair has helped countless families and individuals to overcome the credit problems of the past. Waiting to Repair Your Credit makes your life a lot more difficult than it needs to be and wastes your hard earned money in the process.

Are you one of the 40 Million People with Errors on Your Credit Report, Having bad credit is never a fun experience, but having credit problems because of errors on your credit reports can be absolutely infuriating. Credit reporting errors occur far more often than you might think. In fact a recent Federal Trade Commission study reveals the existence of over 40 million mistakes on the credit reports of US consumers. Errors and inaccuracies on your credit reports can severely damage your credit scores. Our professional credit repair services include identifying errors on your credit reports, disputing the mistakes, and monitoring all 3 credit bureaus to make sure the necessary corrections are made. We help you to exercise your right to have only fair and accurate information on your credit reports.

Using a Debt Management Plan may not negatively impact your credit history when you continue to make payments on-time as agreed under the new terms. Alternatively, you could consider consolidating your debt via a personal loan or balance transfer credit card. In some cases, debt consolidation loans can provide lower interest rates and reduced monthly payments, as long as you qualify and stick to the program terms. Don’t worry if you make payments and your credit report isn’t updated right away.

Creditors only report to Experian and other credit reporting agencies on a periodic basis, usually monthly. It can take up to 30 days or more for your account statuses to be updated, depending on when in the month your creditor or lender reports their updates. Lenders and others usually use your credit report along with additional finance factors to make decisions about the risks they face in lending to you. Having negative information on your credit report or a low credit score could suggest to lenders that you are less likely to pay back your debt as agreed.

As a result, they may deny you a loan or charge you higher rates and fees. If you have negative information on your credit report, it will remain there for 7-10 years. This helps lenders and others get a better picture of your credit history. However, while you may not be able to change information from the past, you can demonstrate good credit management moving forward by paying your bills on time and as agreed. As you build a positive credit history, over time, your credit scores will likely improve.

The five things the credit bureaus look at when your credit score is calculated. You only need to worry about two of these factors to improve your score. Here are the five pieces on your credit report the bureaus use to calculate your credit score. In addition you will find the approximate value each piece carries in the credit scoring model. This is where the bureaus will weight negative credit items from your report.

It will help to improve your score if you can clean your credit from negative items. However on occasions you may be stuck with a negative listing on your report. There are rumors that after 4 years the impact of a negative listing is drastically reduced. It would be wise to build a positive payment history to help limit the impact of a negative listing. This is your available credit versus the amount of debt you have.

It will hurt your score if you are using all of your available credit. The bureaus like to see that you have credit that is not being used. This says you are responsible in your use of credit. This is how long have you used your credit to make purchases.

If you are new to using your credit it is ok, you can still have a high score. This factor carries very little weight. Furthermore your use of credit will age naturally, focus your efforts on more important areas of credit repair. What are you accounts on credit in, Do you only have credit cards, The bureaus like to see diverse accounts.

However this is such a small piece of your score that it is not worth opening up new accounts to show this. You will naturally have diverse accounts with time. Your will open accounts such as; mortgage, credit card, car loan, boat loan and etcetera. How frequently are you applying for new lines of credit,

Are you continuously having your credit run, It will help your score if it does not appear that you are frequently applying for new credit. The bureaus do expect to see a number of credit inquires however excessive inquires will lower your score. There are people that try and make purchases with their credit every month.

For those their score is going to be lowered because of that. Each credit bureau has a unique scoring model. Thus these corresponding weight values are simply estimates. If you concentrate your efforts on removing negative items from your credit report and build a positive payment history you can achieve a 700 credit score.