Making your Credit Shine

FAQs

 The three main credit bureaus are Equifax, Experian and TransUnion. When lenders want to see your credit report, they will request it from one or more of these reporting agencies. 

Your report and score can differ from bureau to bureau because they don’t always have the same information, so we recommend you check each report separately to confirm that everything is on the up-and-up.

Credit is when you receive money, a good or a service, and you agree to pay for it in the future—usually with added interest. Nowadays, we use credit to buy lots of things, from houses and cars to groceries and clothing. 

If you use it responsibly, credit can be a useful tool. But if you don’t, you’ll have to face some negative consequences that will make your life harder.

Your credit score is a 3-digit number on a scale of 300 to 850 that suggests how creditworthy you are—meaning, how good you are with credit and how much you can be trusted to pay back what you borrow. Potential lenders will use this number to decide what kinds of credit cards and loans to offer you. Generally, the higher the score, the better the offers.

There are a few different types of scores, but the two best-known are your FICO Score and your VantageScore. They’re calculated based on the information that shows up on your credit report.

Your credit can be brought down a lot faster than it can be brought up, so it might help to review these things that can hurt your credit:

– Not paying bills on time
– Filing for bankruptcy or foreclosure
– Applying for too many credit accounts
– Carrying high balances on your credit cards
– Ignoring questionable negative items on your report

There are five main contributors to your credit score–payment history, amount of debt, length of credit history, credit mix and new credit. Managing your credit wisely by paying your bills on time, paying debt down and maintaining your current accounts could improve your score. 

Beyond these five factors, your credit could contain negative items that are unfair or inaccurate, which can stay on your reports for up to seven to 10 years. If you don’t want to wait that long, you can try repairing your credit or let us improve your credit for you by signing up today!

Your FICO® Score is a three-digit number determined by the information on your credit report. While FICO® doesn’t collect the data themselves, it’s their algorithm that determines your score. Considering their score is used in 90% of all lending decisions, it’s very helpful to know where you stand.

Everyone’s credit situation varies and due to this results may vary. Our average customer is enrolled into our services for six months. Duration of the program varies due to different factors on each individuals report such as number of items and response time from credit agencies. The duration of services will also depend on your personal goals. Review of your report during the consultation will help with a better assessment of your time frame and goals.

Response time is usually 45-60 days. They are required by law to complete their investigations in 45 days. Due to mail time, your updated credit report may arrive 45-60 days from the date your dispute were sent out.

Yes you can!! Your client portal is an important asset throughout your entire process and will help you feel confident about the progress of your account. Sign up today!

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