When you’re dealing with something as important as Your Credit, you don’t just want someone good on your side. . . You Want The Professionals!
If you are an American and have ever owned a credit card or taken a loan – you have a Credit Report.
A credit report is a record of your credit activities. It lists any credit-card accounts or loans you may have, the balances, and how regularly you make your payments. It also shows if any action has been taken against you because of unpaid bills. Consumer reporting agencies (CRA) collect information about your credit activities, store it in giant databases, and charge a fee for supplying the information. The most common type of CRA is the credit bureau.
The American economy has given most people a pretty bumpy ride over the last few years. While the richest few percent in the country have been able to weather the storm just fine, normal people have seen wages decline, housing values plummet and the cost of living explode. That leads to serious problems with credit and mortgages.
For many Americans, the recent Great Recession has cost them dearly with crushing debt and a house that isn’t worth what they owe on it. It can be hard to know what to do with credit and mortgage problems. Many of us know someone who recently filed for bankruptcy or you may have even considered doing it yourself due to massive debt, overdue bills and evaporating savings. Missing bill payments or large unpaid debts will leave bad marks on your credit report and seriously affect your financial future if not cleared up. Generally, marks will stay on your credit report for 7 years before they are automatically removed. However if you presently have bad credit and need to get a mortgage, loan or new car, 7 years can be much too long to wait. But don’t worry, there are many professional agencies who specialized in helping you investigate and understand your credit report, clear up bad marks and Repair Your Credit back to the way it once was before.
Don’t let Bad Credit keep you from owning a new home, get professional help repairing your credit Today.
|Regardless of credit history, we recommend you review your credit report regularly for 3 important reasons:|
|1. The information in your credit report affects whether you can get a loan or insurance — and how much you will have to pay for it.2. It is important to make sure the information in your credit report is accurate, complete and up-to-date before you apply for a loan for a major purchase like a house or buy insurance.
3. Checking your credit report can help you deter, detect and defend against identity theft. Identity theft is when someone uses your personal information — like your name, your Social Security number or your credit card number — to commit fraud. Identity thieves may also use your information to open a new credit card account in your name. Then, when they don’t pay the credit card bills, the overdue account is reported on your credit report. Inaccurate information like this could affect your ability to get credit, insurance, or even a job in the future.
Visit the three sites above to obtain a copy of your full
One final note, just because you have poor credit now it doesn’t mean you can’t get credit.
Creditors set their own standards, and not all look at your credit history the same way. Some may look only at recent years to evaluate you for credit and they may give you credit if your bill-paying history has improved. Even still, we highly recommend you order a copy of your credit report from the 3 major agencies and seek the assistance of professionals such as The Credit Pros if you are considering purchasing a new home in the near.