Bad credit happens to good people..

Your credit health is an overall representation of your credit history.

It consists of your on-time payments (payment history) amount of credit you are currently using (credit utilization) the different types of accounts you have ( credit mix) and the age of each accounts.

Creditors, before offering you credit will want an overview of your credit health to see if you are a good fit for them to extend credit to you. They want to ensure that you have been responsible with the credit you had before if any before they offer you more.

The Federal Trade Commission (FTC) enforces the credit laws that protect your rights to get, use and maintain credit. Even though they are set to regulate the market it doesn’t mean that everyone is guaranteed or will receive credit.

A good credit rating is very important.

Someone telling you to pay your bills on time, keep a low balance on your cards and be responsible with money which will eventually lead to a good credit score doesn’t happen easily and rarely happens for everyone, especially in these uncertain times when people are struggling to make ends meet.

Credit repair is not a one size fits all. Before you can begin your healthy credit journey you need to understand what makes up a credit profile and what needs to be done to ensure that you not only look good in the eyes of future creditors but you are maintaining a healthy financial lifestyle.

A good credit score can be the difference between financial health and financial burden.

Let’s start by understanding a very key point in your credit health journey; many Americans are not even aware of what is on their credit report. They have never seen one and only knows about their credit scores when they try to obtain credit from creditors. You must verify your credit score by checking what’s on your credit profile. Each year you are granted a free copy from www.annualcreditreport.com download it and go through each item to see if you did take credit from those creditors if any, and also check if your personal information is correct.

A credit report contains information about where you live, how you pay your bills and whether you’ve been sued, filed bankruptcy, basically and overall view of who you are.

Credit reporting agencies are in the business of selling your information that is on your report to other businesses so that they can evaluate your applications for credit, employment, renting or home purchases and insurance applications.

It’s very important that you know what is on your credit report, ensure it is verified, evaluated and has the correct information.

Here is what you can look for on your credit reports;

⁃ Payments that are past due (which affects 35% of your credit score)

⁃ Old accounts or charge offs

⁃ Unfamiliar accounts that may not be yours

⁃ Error in your personal information

Collection agencies are in the business of buying up debt so you may have old accounts that may be outdated and obsolete that needs to be deleted from your credit profile. Collection agency serves as the middle man between a creditor and you. They get a percentage of the bills paid when you pay them. There duty is to bug you to pay or confirm the debts. But if you know any better never confirm any debt over the phone when they call you, ask them kindly to send whatever they say you owe in a letter but to seize and desist calling your phone. If they continue to bother you, send them in writing as you are protected under the Fair Credit Reporting Act.

A credit repair company is supposed to help you identify the potential problem areas or factors on your credit profile, find negative or obsolete accounts on your credit profile and find the best solutions to eradicate and build a solid profile that builds your financial health.

Here are five ways to to increase your credit score and build your credit profile;

1. Check your credit report regularly

2. Pay all of your credit accounts on time

3. Keep your account balances at or below 30%

4. Avoid applying for new credit often or too much at any one time

5. Monitor your total debts and keep up to date with payments.

Avoid closing your oldest account as that helps with your long term credit history.

If you need help with repairing, building or restoring your credit health feel free to sign up for our credit repair services here... https://bit.ly/3aEiLTF

We will help you by giving recommendations to maintain a good credit score and help you remove any negative items, charge offs, collections, late payments and inaccurate or obsolete information.

Remember your credit scores and profile is a representation of your credit worthiness.