Credit repair is a legitimate service that is protected by federal law. You have the right to repair your credit, and there are many good reasons why to do so. It your right!
But first, do your research before hand.
We know that the credit repair industry is, sadly, surrounded by fraud, scams, and full of erroneous ideas. This has created a bad image for this industry and has put consumers on edge when it comes to repairing their credit file. Being that said, it is a right of every citizen in the United States to have accurate items on their credit file AND it is advised to TAKE ACTION when something doesn’t look right.
Doing your homework ahead of time, it can help you improve your credit record, which leads to greater access to loans with low interest rates and the best offers on the market. Here are some main reasons why you should take action NOW and enjoy the benefits of an excellent credit file:
1.- THERE IS A POSSIBILITY THAT YOUR CREDIT REPORT MAY HAVE AN ERROR
Studies conducted by the US Federal Trade Commission found that there is a 1 in 4 chance that your credit report has an error. This would affect the credit rating of consumers. This mean that one in twenty-five credit files has an error, errors that can cost you hundreds of points to say the least, in turn, costing you hundreds and even THOUSANDS of dollars in unnecessary interest.
2.- IMPROVE CREDIT SCORE
The MAIN goal of credit repair is not to increase your credit score, but to eliminate errors on your credit report. However, most of the time, doing so improves your score. If you’re looking for a quick way to build credit and get on your way to a great score, this is the solution.
3.- LOANS AT LOWER INTEREST RATES
The interest rates you can qualify for are directly tied to your credit score. Better credit means lower rates.
In addition, a good credit score allows you to access current credit refining at low rates. Lenders set interest rates based on several factors, starting with your credit score.
4.- NEGOTIATE LOWER INTEREST RATES FOR CREDIT CARDS
Credit card interest rates go up and down based on different factors. However, creditors can be called to request lower rates. The key to achieving this is an excellent credit score and an error-free credit report.
5.- MORTGAGE LOANS
Buying a home is one of the greatest aspirations of the average family in the entire United States. However, buying a home is related to home loans.
That is why your credit score should be as high as possible before applying for a mortgage. It is important that you repair your credit.
7.- CAR LOANS
Car dealers are notorious for turning away most of the people who try to access the deals they offer. This is because your credit score is too low to qualify. All those offers with no down payment or interest for so many years are not available to most consumers. With a good or excellent credit score, you can qualify for all the dealer offers that are advertised. You can also use your good credit score to compare prices and get the best financing.
8.- DISCOUNTS ON CAR INSURANCE
With a better credit score, you also get great rates on your auto insurance policy. Most auto insurers use what’s known as a credit-based insurance score. A low credit score means you pay more for insurance, even if you are a good driver with a clean record.
9.- AVOID DEPOSITS IN PUBLIC SERVICES
Electric companies, utility companies, mobile service providers, Internet providers, among others, verify your credit score when you apply for a new account. If you have bad credit, chances are you end up paying a deposit. This makes moving to a new place more expensive because you need deposits for all your bills.
10.- EXIT FROM COLLECTION ACTIONS
While credit repair is 90% about correcting mistakes on your credit report, it also helps you get out of debt collection. This is little known. It all comes down to the legal definition of when and why a credit bureau must remove a negative item from your credit report. By law, an item must be recalled if the credit bureau cannot verify information about the debt with the owner of the debt. Every time a credit repair dispute arises, the credit bureau approaches the holder of that debt to ask them to verify the information. They have to be able to show that it is your debt. If they can’t and the information can’t be verified, by law it must be removed. This means that there is the possibility of using credit repair to get out of debt collection. If you think a debt collector does not have complete information about your debt, ask the credit bureau to verify it.
At Credit Services of America not only we have helped thousands of customers repair their credit, we have also help boost their overall credit file through the many tools we offer and with the help of our very experienced Credit Consultants. Give us a try, call us to set up a FREE Credit Consultation and explore a new world of credit possibilities.
A Goal without a Plan is just a Wish. Give us a call TODAY at 844-FIX-URCR or click on the following link creditservicesofamerica.com to schedule your FREE consultation and create your personalize plan to achieve your credit and debt GOALS!
*Individual results may vary. Please call for more details and to discuss your own individual situation.