Nowadays, almost everyone is aware of the benefits of having a good credit score. But, the sad truth is that not all of them are having a good score. Are you among the millions of Americans with a bad or poor credit? Here are some ways to fix your credit score. In other words, here are some easy ways to add 50 to 100 points to your credit score as stated by our credit repair experts. Continue reading…
Paying down balances:
You may not be aware that your utilization ratio that is the amount you owe your lenders would take up almost 30% of the credit score. In this, you must remember that this is not just the amount you owe but the amount you owe when compared to the amount of credit available to you. Keeping this in mind, you must always ensure that your utilization ratio is not exceeding 30% of your credit limit. And, in case, if you have more than this recommended limit, you are advised to pay it down as immediately as possible.
Opening a new credit account:
This may come as a surprise to some of you. But, by opening a new credit account, you are in a way lowering your overall utilization ratio. Here, you must understand that the utilization ratio would take into account your total credit limit of all the credit cards and the balance of all the credit cards combined. Thus, opening a new credit account means your credit score will be increased.
Cleaning up the credit report:
We could say that this is one of the easiest ways to increase your credit score. It’s because about 79% of all the credit reports contain errors, according to the U.S. “Public Interest Research Group”. This means that your credit report may also contain some unverified or outdated information. Just by cleaning up your credit report for these errors, you can increase your credit score significantly.
If you need more information on getting your credit report and fixing your credit, feel free to contact us anytime by clicking here.
You would have probably heard the term “credit restoration” at least once in your life. And, if you are one of the millions of Americans with a bad/poor credit score, we are sure you must be wondering if credit restoration would work for you. Here are a few myths that are busted about credit restoration. Read the following article as explained by our expert team at Credit Advisors Group LLC to know more…
Is Credit Restoration Really Possible?
As mentioned above, you would have heard a lot about credit scores, credit reports, debt settlements, and debt management in the recent times. Here, the question is that is there any meaning with these terms? Can credit be restored in reality? Our answer to these questions is a “YES”. However, you need to work hard to achieve it. By working hard, we didn’t mean that you need to carry out all the work by yourself. But, you need to do some research.
Credit Restoration will Work:
Here, we are documenting that credit restoration is not just a term. It’s a possible thing and you can achieve it without much difficulty. Now, your question is, how? Well, the possibility lies in the way you choose to approach the credit restoration process. If you want to do it by yourself, then you must learn the underlying process behind the whole thing. For instance, you are neck deep in your debts and if you are looking for a way out if it, then you must modify your spending habits. This way, you can pay your creditors and get current with the payments.
Getting Professional Help:
Another way to approach the restoration process is by getting professional help from the leading credit repair companies like us. By calling us, you can talk to our credit advisor, who would hear all your problems and work out a plan customized for you. Our team will make all the needed adjustments and guide you through the whole credit restoration process. All this would get your credit restored back in no time. So, why are you waiting? Give us a call today!
If an individual is looking to purchase a car and if he/she doesn’t have the sufficient cash or trade-in to cover the whole price, then a loan is required. As such, getting a car loan approved will not be easy if his/her credit score is low. So, what’s the minimum score needed for a car purchase? Read the following article to know what our expert team at Credit Advisors Group says about this here…
Factors to be considered:
As such, a car loan approval will depend on a few factors. They are:
The Minimum Score Required:
As far as minimum score need for a car approval is concerned, we will say that it could vary between the lenders. While some of the lenders would be ready to take the risk of approving your loan with a bad credit score, some lenders may not be ready to take the risk. Also, the lenders who are ready to take the risk will approve the loan with higher interest rates. Thus, you will have to pay at least three to four times the amount that will be paid by the individuals with a good credit score. As such, a poor credit score is identified by the lenders as the score between 501 and 600 and any score that is less than 500 will be considered as a bad credit.
Thus, the best way to go about a car loan is by first working on your credit score as much as possible before applying for a loan. If you need any help on repairing your credit score, feel free to contact us anytime by clicking here.
Although there are lots of resources available on the internet today, still there are lots of people out there who don’t know what credit repair actually is. Without understanding the meaning, it’s difficult for anyone to do that. Although credit repair is not an easy procedure, it’s not very complicated too. Here, our expert team at Credit Advisors Group has given an outline of the right procedure to follow in a credit repair journey. So read on…
If you want to fix your credit, you must get your credit report as the first step. In this, we would advise you to get your credit report from all the three credit agencies, which are namely, Experian, Equifax, and the TransUnion. If you don’t want to get all the three reports at a time, you can get the report from any one of these agencies just to have a look at it. We say this step is important because it would help you determine whether you can fix your score by yourself or you need to take the help of a professional credit repair service.
As the next step in your credit repair process, you are recommended to go through the credit report thoroughly. This again is important because it will give you a clear idea of where it went wrong. By going through the report, you can find out which item should be left and which item should be removed. In this line, we would ask you to look for the following common errors in your credit report:
Looking for these errors and correcting them will take at least some load off your credit report for sure. Above all, there is another easiest way to repair your credit. You must start paying off your debts as early as possible. Remember, as soon as you start repaying your debts, you would see the debts getting vanished and on the other hand, it will improve your score. In any case, you must not forget that the whole thing cannot happen in a single day. You need to give your time and patience as the cost to see it happen. For any further help regarding your credit repair process, feel free to contact us at 407-675-3605.
Not only in credit repair industry but in all the industries, we can see both good, as well as bad companies. It’s in your hands to figure out the bad companies and avoid them to serve you. So, how can you make sure that you are not into the clutch of a bad credit repair company? There are several things to look out for when seeking out a credit repair company to restore your credit. But, the sad truth is that finding out the difference between a good company and a bad company is not easy. Now, learn how to find out if a credit repair is good or bad here…
What’s happening around?
The real situation that is prevailing in the credit repair industry is that a vast majority of companies that are putting out ads about their credit repair services are not legal entities. Most of them just register a domain name and set up a cheap website. Thus, the customers who are not aware of these strategies get ripped off. After they close down their business, they will start a new company with a new brand name. The customers who got cheated by such companies will not have anything to do after that. This is the reason why the credit repair industry has earned a bad reputation among the common people.
Finding out the bad credit repair company:
Investigation about the credit repair company is not extensive. You can do that in a matter of five minutes. For this, you will have to check the register of the company’s domain name. This will tell you who the owner of the domain is. It must be registered with the company if they are transparent. If you find that the domain is registered as private, then you must take it to be a red flag. As a next step, you can continue your investigation by searching the company name in business registries like yellow pages and enter the company’s phone number. If you cannot find a business listing, you must take it to be another red flag. Finally, check their address. If you can’t find a physical address, then the company should be avoided.
Thus, these simple steps would help you distinguish between a good and a bad credit repair company.
To ruin your credit score is easier when compared to repairing it. If you are in a similar situation, you must remember that there are several factors to consider. While working out the most common ways, you may tend to overlook the following important things. To help you in this matter, our expert team at Credit Advisors Group has prepared the list of things that should not be overlooked in the process of building your credit. Come on; know them here.
We would advise you to keep your old debts on your credit report. This may seem odd, but closing your old debt accounts will shorten the history of your credit. In general, a longer history would appear attractive than a short one with negatives. A longer history will tell your future lenders that you had a period of good standing, which could turn into your favor.
When it comes to credit checks, consolidation is important. For instance, if you are planning to buy a house or a car using credit checks, you must try to get all your checks done close to one another. A simple theory here is that whenever a major hit is being made on your credit report, all others that are done within the short period will be given less weight.
We would advise you not to settle your medical accounts in the process of credit restoration. At least don’t do this until after you get a credit check. This is because the settling of medical accounts that are in the collection would give rise to new accounts. Thus, it would make the situation even worse. Although settling accounts is important, you must do it at the right time.
Finally, these are just a few of the several ways that could help fix your credit score. For more tips and credit repair information, contact Credit Advisors Group for a free credit consultation at 407-675-3605 today.
Cut these Edges to Fix your Credit
Are you looking to fix your bad credit? Well, don’t think you are alone in this! There are millions of people out there in our country with a low credit score. Although few people know where to get started in order to restore their credit, several people do not know how to get started. This is why our expert team at Credit Advisors Group has come up with this article here. This article will tell how to save some money to pay down your own debts. Know how here…
Although food is a basic need, eating out is not your basic need. If you got used to eating out, it means that you are wasting money that can be saved to fix your bad credit. Think how many you are eating out in a month. Cut down to once or twice in a month. This will save a lot of money at the end of the month. If your family members are against this idea of cutting out outside foods, try to please them with some other ideas. There are lots of things to try at home!
Even if you are on a tight budget, you will be spending some money on entertainment. It may be your movies, ball games, concerts, and others, you are not aware that this could add up a big sum over the year. For at least six months to one year, try to commit to only free entertainment sources. The amount you save can soon add up to the extra cash you need to pay down your debts. For instance, stick to some rented movies and visit the state parks instead of theme parks. Doing these simple alterations could help fix your credit than you think.
If you really want to fix your credit, you can achieve it even with your tight budget. Combining these things with professional credit repair services can help you win your financial freedom quickly than you imagine. Credit Advisors Group is here to help you. You can call us anytime at 407-675-3605.
In general, the credit repair companies don’t have a good reputation among the general public. It’s because of the higher number of unethical credit repair companies that hunt on the customers with bad credit. Due to these predatory companies, people like you have become resistant to use credit repair services. But, you should not sit back idle when your score is lower. You need to act immediately by taking help from ethical companies like us. Following are the reasons why you should use our credit repair services immediately. Come on; know them here…
Several people are suffering from their bad credit for years. However, people will be little motivated when it comes to new purchases like your house or car. In these situations, a good credit score is important. It’s the deciding factor in how much loan amount you are approved for and how high is the interest on your loan. Remember, a minor difference between a good and a bad credit would work out to be some thousand dollars. Therefore, try to fix your credit score before planning your new purchases.
Businesses and Credit Opportunities:
If you are looking to start your own business, you are more likely to look for some finance opportunities. In such cases, your credit score will play an important role. A bad credit score could stand as an obstacle between and your credit opportunities. Therefore, fixing your credit score is really important!
In addition to the finance and credit opportunities that are mentioned above, from time to time, some special offers will also come to you. For instance, reward programs, membership schemes, frequent buyer services, and so on will become available only to the individuals who meet a particular level of credit. So, in order to enjoy some special offers, a good credit score is important.
If any of the above-mentioned top three reasons are also your reasons for using credit repair services, contact our credit repair specialists for a free consultation. Call 407-675-3605 today.
If you are looking for a perfect credit repair company to restore your credit, then you need to know about the company very well. Firstly, remember that the top credit repair companies will act as your financial coach, rather just being your service provider. The credit repair companies like us will set you up for success by thoroughly understanding the credit status and guiding you through the entire process. Following are the list of questions to ask your credit repair company before hiring their services. Learn more now:
Qualifications of the credit repair company:
We would say this is one of the critical things to ask your credit repair company. Remember, there are few things each and every credit repair service provider should have to run the business. They must be able to provide you the references, as well as success stories from their past clients. Also, a top credit repair company should have good business relationships with the financial affiliates. So, the credit repair company you choose should be able to provide answers to these basic questions instantly.
Length of the credit repair process:
This is one of the greatest questions to ask your credit repair company as it would give you the much-needed insight on how transparent the company is. In this line, you must remember that a credit repair company should not be able to give you the guaranteed improvement in your credit score. If a company is providing you some empty promises, then it should be considered as a red flag. On the other hand, top credit repair companies will provide you the money-back guarantee, which you can take it up.
Information needed by the company:
You need to ask your company the list of things you need to provide them. A good company should be able to provide clear and specific items that you need to give them. Examples of such items include:
So, when a credit card company can answer to these common questions, you can feel comfortable partnering with them to enhance your credit score! For more information on our services, feel free to contact us here.
As each and every one of us knows, everything is possible with money today. This applies to credit repair as well. If you are affected by bad credit and suffering a low credit score, there are various ways to repair it. One of the easiest ways to do this is to go for secured credit cards. Yes, it’s simple! You need to use your credit card to restore your credit score. Know how here…
Secured Credit Cards for the Benefit of Low Credit Scores:
Yes, it’s true that if a person has a low credit score, his/her credit card application will be rejected. Here come the secured credit cards for the benefit of these individuals. If you are a person who is not able to get a normal credit card, you can seek for a secured credit card. This can be done even with a very low score. Yes, secured credit cards are the ones which require a deposit.
Understanding the Secured Credit Cards Better:
In general, with a secured credit card, your credit limit will be somewhere between the half of your deposit and 100%. With this, you will be leaving a deposit with your card issuer and will be making payments every month like you do with your normal credit card. Although you have already deposited a sum with your issuer, it’s always good to pay off your balance every month. Also, remember that if you are about to reach the limit, your credit will freeze the card and retain your deposit to prevent any losses.
Improving your Credit:
By having a secured credit card and paying your monthly dues responsibly, you are showing the credit bureaus, as well as your future lenders that you have the capacity to make payments on time. Thus, your credit scores will also be improved.
If you have any questions about using secured credit cards for your credit restoration, feel free to talk to our credit experts here.