Is
your credit report accurate?
Chances are, it's not.
Repair your credit with an affordable
attorney assisted credit repair solution.
The most common myth
about legal credit repair is that it doesn't
work. Wrong!!!
It DOES. Most people have a negative and
inaccurate item on their credit report.
Do you? If you're not sure, we suggest you
visit
www.myfico.com
now to order the same credit report that
mortgage companies use for their application
process. If
negative items on your credit report cannot
be verified by the credit bureaus within
30 days of investigation and research, they
must be removed from your report
and your credit score must be recalculated.
A miscalculated score due to negative items
can tarnish your name and result in the
denial of loans. Negative credit reports
can also cause new applicants to be denied
certain jobs. Repair your credit
now with a fast, affordable, and attorney-assisted
solution. Our team of lawyers and paralegals
will ensure that your credit repair is done
the legal way. Talk to a credit repair specialist
to learn more. Sign up for a FREE CONSULTATION
now:
According
to a report by the Government Accountability
Office (GAO.gov):
• 78 percent
of credit reports were missing a revolving
account that was in good standing
• 33 percent of credit files were
missing a mortgage account that had never
been late
• 67 percent of credit files omitted
other installment accounts that had never
been late
• 82 percent of the credit files had
inconsistencies regarding
the balance on accounts
- and-
• 96 percent of the credit files had
inconsistencies regarding
an account’s credit limit.
All
of these inconsistencies and omissions can
cause negative effects on your score.
If
your report is not 100% correct,
you may deserve a higher credit score!
Repair your credit
with our fast, affordable solutions.
Don't let a bad credit
report negatively affect you. Repair
your credit with a proven solution
that is totally affordable and available
right now. Our attorney assisted credit
repair solutions are not scams or quick-fix
schemes. The solutions that we offer and/or
endorse are LEGAL and proven to help you
repair your credit by fixing negative items
on your credit report.
What
is YOUR credit score?
Visit
www.myfico.com
now to order the same credit report a mortgage
company uses for their approvals. Requests
for one’s own FICO score at www.myfico.com
is considered a personal inquiry and will
not hurt your credit score.
How Can
You Repair Your Credit?
The definition of
legal credit repair is
when you dispute or investigate information
on your report that is inaccurate or incomplete.
During this investigation, the credit bureaus
have 30 days to support their claims against
you, and if the claims cannot be proven,
the incorrect items must be deleted.
What
is a Credit Score?
 A
credit score is a number generated by a
mathematical formula that is meant to predict
credit worthiness. The most common of the
credit score standards is the FICO
score by Fair Isaac. The FICO
score ranges from 350-850 and is intended
as a predictor of whether or not you will
be 90 days late on a loan obligation. Fair
Isaac uses thousands of credit reports to
calibrate the FICO
scoring model and is very secretive
of the exact formula.
Credit
Score Breakdown
Payment
History: 35% — The
largest credit score category covers your
payment history for the past 7-10 years.
Each of your credit card and loan payments
is reported each month and kept archived
on your credit report. Negative items such
as collection accounts, bankruptcies, judgments,
tax liens, and other public records are
all included in this category of your credit
score. Lesson: Always pay your bills on
time.
Debt
Utilization: 30% —
The
next biggest category is also the most commonly
misunderstood. This section evaluates how
much of your credit card limits you are
currently using. Appearing "maxed out"
can damage your score significantly. Only
use between one and ten percent of your
total credit card limits each month for
the maximum score points in this score category.
Lesson: Keep your debt balances low.
Account
Age: 15% — The
amount of time you've been using credit
counts for the next fifteen percent of your
score. Keeping your credit and loan accounts
open for seven or more years can help you
earn the most points in this category. And
be sure to actively use your existing accounts
to keep fresh data coming into your credit
reports. Lesson: Don't close old accounts.
Account
Mix: 10% — You'll
earn a few extra credit score points by
having a mix of loan and credit accounts
on your credit report. Having a credit card,
mortgage, student loan, and auto loan all
at the same time will earn you all of the
points for this small category. Of course,
this isn't always realistic. Don't worry
if you don't have each of the account types;
this category only makes up ten percent
of your score.Lesson: Account diversity
is good thing.
Inquiries:
10% — Your
recent record of applying for new credit
and loan accounts makes up the final ten
percent of your credit score. Only hard
inquiries — when your credit is checked
for a loan, credit card, utility, or bank
account application — are included
in this category. Soft inquiries from checking
your own credit or credit card pre-approval
don't impact your score. Lesson: Apply for
credit in moderation.
How
long will the items get reported on my file?
-
Delinquencies
(30–180 days past due): Remain seven
years from the date of the initial missed
payment.
-
Collection accounts:
Rremain
seven years from the date of the initial
missed payment that led to the collection
(the original delinquency date). When
a collection account is paid in full,
it will be marked "paid collection"
on the credit report.
- Charged-off
accounts:
Remain seven years
from the date of the initial missed payment
that led to the charge-off (the original
delinquency date), even if payments are
later made on the charged-off account.
-
Closed accounts:
Closed accounts are accounts that are
no longer available for further use. Closed
accounts may or may not have a zero balance.
Closed accounts with delinquencies remain
seven years from the date they are reported
closed, whether closed by the creditor
or by the consumer, but the delinquency
notation will be removed seven years after
the delinquency occurred when pertaining
to late payments. Positive closed accounts
remain ten years from the closing date.
-
Lost credit card:
If there are no delinquencies, credit
cards that are reported lost will continue
to be listed for two years from the date
the card is reported lost. Delinquent
payments that occurred before the card
was lost are reported for seven years.
-
Bankruptcy:
Chapters 7, 11, and 12 remain for ten
years from the filing date. Chapter 13
remains seven years from the filing date.
Accounts included in bankruptcy will remain
seven years from the date they were reported
as included in the bankruptcy.
-
Judgments:
Remain seven years
from the date the judgment is filed.
- City,
county, state, and federal tax liens:
Unpaid tax liens remain fifteen years
from the filing date. Paid tax liens remain
seven years from the paid date of the
lien.
- Inquiries:
Most inquiries listed on your credit report
will remain for two years. All inquiries
must remain for a minimum of one year
from the date the inquiry was made. Some
inquiries, such as employment or pre-approved
offers of credit, will show only on a
personal credit report pulled by you.
Ready to repair
your credit report?
P.S
- By
law, all consumers are entitled to a free
copy of their credit report from each of
the three credit bureaus once a year. Visit
www.annualcreditreport.com
to get yours for FREE. (This is for
the credit report only and does
not include the FICO score.)
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