Why Having Great Credit Matters?

These days, good credit is used for more than just getting a credit card or a loan.

More and more businesses are making the case that you must have good credit before they extend products or services to you.

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It Affects Where You Live and How Much You  Pay

It Affects What You Drive and Your Car Payment

It Can Affect Your Job Search

It Affects Your Ability to Start a Business

It Affects Other Monthly Bills

How long does credit repair take?

The time it takes to repair your credit can vary depending on a number of factors – from how many mistakes you have to fix to what you want to accomplish once your credit is fixed. In general, credit repair takes about three to six months to resolve all of the disputes that the average person needs to make. Of course, if you only have a few mistakes to correct or you repair your credit every year, it may not take as long.

Will The Score Go Up?

Your score will increase according to how many positive accounts you have after we delete the negative accounts. If you don’t have any positive accounts then your scores will reset. A reset credit score is neither bad nor good. It just means you don’t have any credit. Giving you a fresh start & clean slate to start building positive credit from there.

Why did my score go down?

Credit scores can drop due to a many reasons, including late or missed payments, changes to your credit utilization rate, a change in your credit mix, closing older accounts (which may shorten your length of credit history overall), or applying for new credit accounts. And don’t forget that credit report inaccuracies due to mistakes or identity theft can also cause a lower score. Remember, once negatives are removed you have to rebuild your credit. A common misconception is that when derogatory items and inaccuracies are removed that credit will magically shoot up. This is not how it works.

How do tradelines work?

A tradeline is a credit line/account that is on your credit report. For example, any of your credit cards are considered tradelines on your credit report. Your car note is a tradeline. Your mortgage is a tradeline. A student loan reporting to your credit report is a tradeline.

The type of tradelines that we provide are Authorized User tradelines, with perfect payment history, low utilization (under 30% unless otherwise noted) and perfect payment history. We do this by adding you as an authorized user to a tradeline, allowing you to “piggyback” off of the account in good standing. This is possible because creditors will provide credit bureaus the entire account history on any given tradeline for an authorized user. FICO® digests this newly added credit and recalculates your score with drastic improvements.

What can I do with my increased credit score?

An increased credit score will allow you to secure better interest and approval rates on credit cards, car loans, and mortgages. It also impacts your car insurance rate, the ability to rent an apartment, put utilities in your name without a down payment, or personally guarantee your own business. Also certain professions/employers require a certain credit rating for employment. Having a higher credit score means more approvals and lower monthly payments, hands down.

What documents do I need in order to start?

In order to sign up for the program you must submit:

● Copy of Driver’s License or State ID

● Social Security Card or Number

● Credit Reports and Scores from all 3 Bureaus (Experian, Equifax and Transunion)

● Current Utility Bill (where letters and responses will be sent)

● Payment

What Is the Best Way To Build Your Credit When You Have None?

1. Get Approved as an Authorized User
Think about getting approved as an authorized user on a family member or friend’s credit card. You can use the primary account holder credit card and build your own credit history. Furthermore, you will not have any liability, so this is a relatively low-risk way to start your credit history.

2. Apply for a Secured Credit Card
A secured credit card is another low-risk way that you can build extra on credit history. You will deposit money into an account and the amount of money you deposit is the limit of the credit card. Therefore, you don’t have to worry about overspending your credit limit. Try to find a secured credit card that does not have an annual fee.

3. Pay Your Monthly Bills on Time
Even if you do not have a major loan, such as a home loan, you may still have cell phone bills, internet bills, and other utility bills that recur monthly. Make sure that you pay all of these bills on time, every time. There are services available that will provide you with credit for paying your return bills on time, helping you build a strong credit score.

4. Keep at Least Three Major Credit Cards
By far, one of the best ways that you can repair your credit (and maximize your credit score in the process) involves keeping at least three major credit cards open at all times.
Now, this isn’t necessarily going to be possible for everyone, and that’s okay. But if you can, keep them open and use each one sparingly. Making three payments on-time every month will always raise your credit faster than a single payment to one card.

5. It’s All About That Credit Utilization
Likewise, you’ll also want to pay close attention to your credit utilization – that is, the percentage of your total credit that you are currently using on a regular basis.

For the biggest impact on your credit score, try to keep the total of all of your balances around 25% to 30% for as long as you can.

6. Increase Your Credit Limits as Much as Possible
The higher your credit limits are, the lower your utilization actually is. So if you have a card with $1,000 in available credit and a $500 balance, you’re using 50% of your available credit. But if that same card could be raised to a $1,500 total credit limit, suddenly that $500 balance only represents 33% of what you could be spending.

7.Resist Those Hard Inquiries
As you embark on your own credit repair journey, you may have the urge to try to apply for a new card with a lower interest rate to help ease some of the burdens. If possible, don’t do this – as applying for a new credit card will always result in a
“hard pull” on your credit, which will harm your score in the short-term.

If you’re able to find other ways to fix your credit for a year and don’t have any “hard pulls” during that time, you’ll enjoy an almost immediate boost once those 12 months are over.

8.Focus on Those Installment Loans
Finally, one of the best ways to repair your credit involves paying down installment loans as quickly as possible. Installment loans are seen as a different “type” of credit than traditional credit cards, and they can include things like car loans, student loans, and more.

Our Program is a lifetime investment that will allow you the opportunity to gain credit leverage, teach you how to sustain it, and give you limitless credit advantages that will transform your life. Sign up today!