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ABOUT CREDIT REPAIR
In the United States, a credit score is a number typically between 300 and 850, based on a statistical analyses of a persons credit files, to represent the creditworthiness of that person, which is the likelihood that the person will pay his or her bills. A credit score is primarily based on credit report information, typically from the three major credit reporting agencies.
Lenders, such as banks and credit cards companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. The use of credit or identity scoring prior to authorizing access or granting credit is an implementation of a trusted system. While the most widely known score in the U.S. is FICO, there are many others, such as NextGen and VantageScore.
When people have bad credit, this can affect many different areas of their lives. Sometimes, people may not realize that they have bad credit until it is too late. When this happens, many people will try to get credit repair work done as soon as possible. Unfortunately, your credit is not like your car, and it cant simply be brought in to the credit repair shop. Work that is done in the field of credit repair is not instantaneous, and it will take time to build ones credit back up. However, credit repair work is extremely important, especially for those that have very poor credit. This is because many things in a persons life will come to be affected by his or her credit. In order to avoid hardship later, it is important to get credit repair work taken care of as early on as possible.
Credit repair is not just helpful for those who have bad credit. What many people do not know is that they do not start off their lives with credit. This is not something that is given automatically to a person, and with each default a little more is taken away. Individuals that have no credit history can also benefit from credit repair work, because in the eyes of many institutions and establishments, these people may be even worse than the people with bad credit. These are individuals that have no credit and will not have any until they establish some. Simple credit repair tactics can work to improve ones score from a low or starting number, to a number that is more easily accepted by institutions and places that are requiring the individual to have an established and good credit history.
Individuals in Texas with no credit will likely need to use different tactics when it comes to gaining credit from their credit repair work as opposed to individuals that need credit repair work because of their established low credit score. These methods are specific to the situations because they accomplish different things. Credit repair can even be performed on individuals that have moderate to good credit scores, simply to improve their credit score even more. Almost everyone can benefit from credit repair, if, it is used in the right manner.
Credit scores are designed to measure the risk of default by taking into account various factors in a persons financial history. Although the exact formulas for calculating credit scores are closely guarded secrets, Fair Isaac has disclosed the following components and the approximate weighted contribution of each:
35%, punctuality of payment in the past.
Fair Isaac does not use the same scorecard for everyone. The scorecards are segmented so that there are over 100 different scoring models that are applied to different individuals based on different ranges of input values. The implication of this segmentation are that while the approximate weighted contribution above may be an average across all scorecards, individuals receive different scores or weightings based on the scorecard segmentation in which they fall. Some consumers have noticed their scores decreasing by small amounts for no apparent reason.
A FICO score generally ranges from 300 to 850. It exhibits a left-skewed distribution with a US median around 725. Generally, 660 is regarded as potentially sub-prime and represents and important break point for credit worthiness. The performance of the scores is monitored and the scores are periodically aligned so that a credit grantor normally doesnt need to be concerned about which scorecard was employed. Each individual has three credit scores for any given scoring model because the three credit agencies have their own, independent databases. These databases are independent of each other and may contain entirely different data. Many lenders will check an applicants score from each bureau and use the median score to determine the applicants credit worthiness.
A+ Credit Repair
Texas - Office Phone: 409-347-1200
If you would like assistance with a debt or credit related matter, feel free to call us, even if you live outside the State of Texas. If you live in Texas, contact our office nearest you to schedule a free initial consultation today!
The services of A+ Credit Repair may not be available in all states. We can help consumers with credit reports that are inaccurate, misleading, unverifiable, untimely, incomplete or that otherwise contain incorrect information. All testimonials are from actual clients. Individual results may vary.
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3/07/12 "Just wanted to tell y'all thanks so much for cleaning up my credit. I just bought a new truck! I went in and it was just a breeze. No questions and no problems at all! Thank you very much!"
-Glen - College Station, Texas
11/12/11 "Thanks so much Leigh! You rock! "
5/10/11 " We had our first weekend in our new boat. We could
not have done this without your professional Credit Repair assistance.
We even got a low interest rate! We are a walking advertisement for you!"
12/23/10 "Thank you, thank you, and thank you. This says
it all! I can't imagine what I would have done without the help of your
services. I am so happy to have chosen you for my Credit Repair needs.
You have been an instrumental part in my future. Thank you, again!"
6/11/10 "Thank you for all of your hard work. I could not
have bought my new house without your help. After being turned down for
a mortgage, over and over, I was so depressed. Then my mortgage lady recommended
your services! Within 3 months I was finally approved for a new home loan!
Thank you A+ Credit Repair!"
5/2009 "From the moment I came into your office I knew this
was going to be beneficial. My scores have all gone up over 200 points!
I have only been in your program for 4 months and I am so satisfied! Thank
you for giving me the relief I have needed for so very long. You are a
wonderful company and I am so blessed to have found you. Please tell anyone
who has questions on your programs to just call me, I will be happy to
let them know how greatly you have helped my credit situation.
12/2009 "I am so happy with your services. You removed two
bankruptcies from all three of my credit reports. I didn't even think
this could be done. You did it. I will definitely be telling my friends,
family and church members about your wonderful services hope you are all
5/2008 "Thank you A+ Credit Repair! My friend used your services
and raved about you guys. I was skeptical at first to believe her but
then I kept seeing things in her life change- she bought a brand new car
and got cash back from refinancing her house! I finally got the nerve
to ask her your phone number, and I am so glad that I called you. What
a difference in my life this has all made! You helped my credit scores
and even helped me budget my monthly bills. You have a wonderful business
and I wish you all the best of luck because you have helped me out tremendously!
Did You Know?
According to published statistics, fewer than 10% of the population looks at their credit report annually. Instead, people wait until they are ready to buy a car, make a real estate purchase or refinance property and then check their credit report and credit score. Unfortunately, this may be too late.
ABOUT YOUR PRIVACY
A+ Credit Repair will not share, sell, transfer or convey your
personal information to any unaffiliated companies or third parties which
are not necessary to perform our services unless you specify otherwise.
A+ Credit Repair makes Credit Repair Fast, Easy and Effective for You.
We help you to achieve your optimal credit profile. We work for you to resolve negative issues on your credit reports on file with the three major credit bureaus. We focus on items that should be deleted or removed, items that should be updated, and items that should be re-characterized. We've studied credit reporting, the credit bureaus and creditor reporting methods to maximize the results we can obtain for you. Our credit repair methods are 100% legal, and are based upon thorough research of consumer credit laws, credit bureau methods and persistence for our customers. Our credit repair specialists are waiting to help you now.
|HOME PAGE :: ABOUT CREDIT REPAIR :: HOW WE HELP :: ABOUT US :: CUSTOMER PLANS|
A+ Credit Repair
2390 Eastex Freeway
Beaumont, TX 77703 -1638
929 Main Street
Liberty, TX 77575
116 East Houston Street
Cleveland, TX 77327 -4510
Website owned and operated by A+ Credit Repair of Cleveland, Texas
Leigh Millican, dba A+ Credit Repair.
Copyright © 2006-2012 Leigh Millican, All Rights Reserved.
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