Tag: credit score

What to Consider When Choosing Credit Repair CompanyWhat to Consider When Choosing Credit Repair Company

17/07/2021| Stephen Cook| 0 Comment| 10:43

If you want to fix your credit issues on your own, you should be ready to spend a lot of resources. It might take you years before you understand how credit rating companies work. That explains why you should consider hiring a reputable credit repair company. The following are some of the vital things to consider when choosing one.

Track Record

credit report It is advisable to consider a company with a successful track record. When it comes to money matters, you need to work with an organization you can trust. That is the case when hiring a company to resolve your credit issues. Look for a company with many positive reviews and few customer complaints. Avoid companies that are involved in fraudulent cases. Make sure you consider the reputation of the company before hiring it. Although this might take a lot of your time, it will save you unfortunate experiences.

Consultations

You can find credit repair service providers that offer free consultation. The good thing about free consultation is that it provides you with an opportunity to understand what the company does. In this way, you can find whether the credit repair company is worth your money or not. During the consultation, the company representatives review your credit reports. Moreover, they can check for mistakes and incorrect reports.

Credit Monitoring

A reputable credit repair service provider should offer credit monitoring services. This means the company will track your credit rating and inform you whenever something is wrong. For instance, you will be informed when there is potential fraud, suspicious behavior, or changes to the score. The company will provide you with detailed information about your financial challenges and the way it affects the credit reports.

Price

Most credit repair service providers charge monthly fees. Ensure you choose a monthly package that suits your needs. The packages have features that vary depending on the price. Before you choose a given company, make sure you consider the features included in the package and your budget. Remember that price is not always a sign of better quality.

Customer Care

The right way to determine whether the credit repair company is great for you is to check its customer care. Excellent customer support is important because it is an indication that the company values its customers. Check whether they have knowledgeable professionals who can answer your questions. Consider working with companies that offer customized services.

Steps to Improve Your Credit ScoreSteps to Improve Your Credit Score

08/11/2018| Stephen Cook| 0 Comment| 05:42

If you are planning to fix your credit score, you need to beware that this is not something that you can do overnight. You need to find the best ways to rebuild your poor credit score so that you can make everything right once again.

Having bad credit might be frustrating because you will be limited to some financial services. Therefore, it is an important idea to know at least 7 steps to increase your credit score.

The following are some of the ways to help you with this:

Avoid New Credit Card Purchases

You need to avoid credit card purchases that will increase your balances. You will not want your credit utilization to increase. You can pay cash for all your purchases. Ensure that you do not put your money in the credit card to minimize your chances of having bad debts that will reduce the credit score. You can also avoid some loans entirely and use the money to clear your balances so you can improve your credit score.

Get a Copy of Your Credit Reports

You need to have a credit card report so that you are sure of what you are working on. Remember that the credit score is based on your credit report. Therefore, you need to work on the report to improve your standing. Once you order your credit reports, you need to be focused on identifying each account that needs to be worked on so that you can improve your score.

going over your credit history

Get a Professional Help

Sometimes it is difficult to figure out the best ways to improve your credit score. Therefore, it is essential to contact a professional for help. Professional assistance, such as consumer credit assistance, will assist you to find the best payment methods that will enable you to clear balances in good time. You need to make a call when you are stuck making your payment so that you get the best credit counseling on how to improve your score.

Pay off the past Balances

It is a good idea to make payments for your due balances as they will make up 35% of your credit score. You need to contact the credit card issuers so that they may work on your payment methods and provide you with enough time to clear these balances.

The card issuers might also re-age your account so that it indicates that you have always been paying on time. This will help to improve your credit score.

avoid using your card

Avoid a New Credit Card Application

If you already have a bad credit score, applying for a new one will not provide a solution to your past credit cards. You need to possibly avoid new credit card applications so that you can reduce the chances of damaging the credit score again.

You need to work on your current credit card by paying off the balances. Remember that applying for a new one will lower your average credit card, and this will not in any way solve your previous credit score.