Credit Repair Services

  Have you ever been turned down for a loan or an apartment lease and wondered why? It could be due to your credit history. Let's face it - our credit says a lot about who we are. It is our financial report card and can affect many aspects of our lives. Professional credit counselors at consumer credit counseling services agree that having a good credit history is imperative to leading a financially fit life. What is credit? Credit is defined as a contractual agreement between a lender and a borrower in which the borrower assumes something of value, and agrees to repay the lender on a future date. So how does it all work? When you apply for credit (say a loan or a credit card), the lender has to decide if you are a good candidate for receiving the loan. The lender's decision is based heavily on your credit history. They have to assess the level of risk involved if they are to extend credit to you. If you have displayed a poor repayment history, it is less likely that you will

  Though some of the credit-boosting activities simply take time, there are some surefire strategies if you need to know how to raise your credit score fast. This post takes a look at three of them. The first strategy for those of you who need to know  how to raise your credit score fast  is to become an authorized user on a family member’s credit card. If this information is reported to the credit bureaus, this is one of the fastest and most powerful ways to increase your credit score . By adding your name as an authorized user, you can “borrow” someone else’s positive credit history. It works like this: Ask a relative with a great credit score and a low balance as a percentage of his  credit card limits  to add your name to an existing account. The account holder (your relative) will call the credit card company and ask to add you as an authorized user. If they are required to provide your Social Security number, this credit card will be reported to the credit-scoring bureaus, and th

  Now that you’ve begun harnessing your spending (Right???), and actually stirred up the nerve to check your Credit Score, What does it all Mean? That powerful little three-digit number will alert creditors to the level of risk they take in issuing you a credit card, a car, or furniture loan, and most importantly, your Rental lease or Mortgage loan. The question is not whether or not you will qualify for the loan or card, but “How much Interest or percentage of Finance Charge they get to require on your payback. Creditors believe that they only have to sell you on a Payment Plan, not an actual Cash Purchase. So, they cheerfully help you “AFFORD” Anything! CREDIT SCORE: Creditors will look at your Credit Score like you check the chapters of a book you want to purchase or list of songs on a CD, or preview to a movie: a reason to approve or deny your credit, or increase your interest rate. The higher the score, the lower risk (and interest rate) you will be assigned. Here is a basi