Credit repair is a service provided under the CROA act that allows credit repair service providers to assist consumers in the correction of items on their consumer credit reports that prove to be inaccurate, outdated or unverifiable. Any credit repair agency that claims to be able to remove ANY and EVERY item other than those identified above is in violation of the Credit Repair Organizations Act (CROA).
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.
We recommend a soft pull credit inquire from a third party of your choice (we assist with this step as needed) or a free annual credit report thru a government approved site like annualcreditreport.com. A soft inquiry will not affect your score since you are not asking for any type of credit line or loan and it’s only for personal purpose.
Generally speaking, there are five tiers of credit score. A good credit score is anything above 670.
Anything below 670 is considered poor or only fair credit.
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
Because there are no two-credit reports that are exactly the same. This means that improvements we make on one person’s credit may or may not improve the score as much as another’s. Everyone’s results will vary, but you can be certain we will get you the best results possible.
We review your credit report and see what’s holding your credit scores back and get right to work disputing any inaccurate, untimely, misleading, biased, incomplete or unverifiable items on your credit report. Addressing them accordingly and utilizing different laws like FCRA (Fair Credit Reporting Act) and other laws applicable to increase your credit scores. At the same time providing a tailored plan to avoid future credit problems and credit education along the way to make sure you have a healthy and accurate credit life.
Unfortunately, the credit reporting system doesn’t work that way. When you pay your debt, the negative credit listing doesn’t disappear. There is little difference between a paid negative item on your credit report, or an unpaid one.
The credit bureaus have to provide you with a free credit report every 12 months–it’s the law. Outside of this official source, there are many other services that will provide you with your credit score for FREE.
Business credit can help businesses grow by giving them access to various funding and financing options.
Business credit differs from personal credit in several ways, such as how it is calculated, the bureaus that handle reporting, public availability, and the range of scores. Unlike personal credit, business owners can use an EIN (instead of a social security number) to obtain vendor and credit accounts.
Read our article “What is Business Credit?” to learn more.
The honest answer is that it depends on your goals, your situation, and how much work is required. That’s actually one of the best parts of Alkaline Financial — we look at you as an individual and build your own personal game plan accordingly. Each person’s situation varies. Some are with us for 6 months, some longer. You are not bound by any contract and can cancel our service at any time.
At Credit Lab we believe the fees for our service should be fair. Credit Lab offers several services for both business owners and personal credit. Fees for each service may vary. Schedule a FREE 15-minute consultation to learn more.
Excellent Support – Not only will Alkaline Financial be there for your credit restoration journey, we will also be there for the rebuilding process. We have helped many of our clients start businesses, plan for the future and assisted them with their home buying process
Debt is a major factor in your credit score. If you have too much of it (or none at all) or if you have trouble repaying your debts on time, your credit score will plummet. Keeping your debts reasonable and paid, on the other hand, will do more than almost anything else to improve your credit score. Here are a few tips that can ensure that your debts actually help you boost your credit score.
It is a subject that few people discuss, but more and more therapists are talking about it - the key link between our emotions and our money. We may think that money is all about our rational selves, but in fact our emotions are often very much invested in our pocket books.
Before you head off to enjoy your new and improved credit score or to work on boosting your credit score, consider two more tips that may well come in handy as your try to repair your credit score.
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