Repair Your Bad Credit Report Today!

In 2007 Credit Repair Resources was founded with the knowledge that consumers needed help navigating credit reports and consumer rights in a fair, effective and ethical way. We researched the industry and found the reputation was less than favorable. There were blogs everywhere that highlighted bad actors promising perfect credit and other unreasonable expectations. Our foundation is built on consumer advocacy; we always put our clients’ best interests first. Much of our business comes by referral and we work hard every day to provide the highest level of service to both our clients as well as our Finance and Real Estate referral partners.

The downside is that you can’t use your card anymore, but you also stop the damage being done to your credit. 2. Bolster Your Score Other Ways - One of the best things for your credit is a history of timely payments. It doesn’t matter what the payment is for.

It can be a utility or your cable bill or any other sort of regular payment. One of the best ways is to get a prepaid credit card and use that to make your utility bill payments. You then pay off the card every month with the money you’d use to pay your bill.

These regular payments will help improve your credit score. As you pursue fixing your credit, you should also work on paying off accounts that have been charged off. Charge-offs are reported on your credit for seven years, so if you want to repair your credit before then, you need to pay off those balances. In some cases, you can settle the charge-off for less than the original balance. Even more rarely, you can get the creditor to delete the delinquent or charge-off status from your credit report.

In the case of delinquencies that have been referred to a collection agency, you should approach these in the same way. Work to pay these off, and ask for the collection agency to delete it from your credit report. 3. Lower High Balances - One of the biggest impacts to your credit score is your debt to available credit ratio. What does that mean, Let’s take two people, Sam and James.

5000 limit. Sam has a running balance that is near or at the limit every month. James keeps a balance that is only about one or two thousand. In this case, James has a lower debt to available credit ratio, and his credit score will be much better because of it.

Even better would be if he kept his balance even lower than that. In some cases, it can be difficult to pay off the entire balance at the end of each month. In these cases, make sure to pay more than the minimum. 5 per month can make a huge dent in both your overall balance and the long-term interest you end up paying. In the end, bad credit isn’t something to ignore. Take some proactive steps to repair your credit and you will enjoy lower interest rates, and fewer rejections when it comes time to get that house or new car.

You may face many difficulties in leasing a car if you have a bad credit. It is advisable that you attempt to improve that score using credit repair, before you go ahead and buy or lease something. Doing so would greatly improve your chances of acquiring the vehicle that you wish to have. Since the economic crisis struck the world, banks and lending institutions have become wary of granting loans and leases to the people with bad credit or sub-prime borrowers.

Background checks are carried out more comprehensively, and credit reports and history are scrutinized much more closely. This history will list out details of your loans, mortgages, past and present credit card statements, and bankruptcies. These details can be obtained from one or more of the three reporting agencies, namely Equifax, Experian, and TransUnion.

In spite of all this, car dealers and manufacturers are eager to do business and gain as many customers as possible. They will seldom turn away a customer only due to bad credit. In fact, they view that person as a profitable customer as they can charge them a higher rate of interest and demand a greater amount as a down payment. This makes the task all the more difficult.

In general cases, a lender would be very hesitant to lease to a person with a bad score. They will view that individual as a risk, and this would make this task a lot more difficult. It is widely believed that it is a much better alternative to go ahead and purchase the vehicle instead.