Tiffany was referred to Credit Solution Group and in just 38 DAYS her credit score was increased 154 points. This made the dream of home ownership a reality in no time at all. Then things only got better Tiffany had all the stress of bad credit lifted and the doors began to open. This young couple was then able to qualify for a home improvement loan to do some upgrades making their house a home.

You can see the Live TV appearance in a series on credit on Fox 6. Credit Solution Group did not pay for these spots our Expert Credit Advice was requested in our tough economic condition. It is imperative that we keep our credit in the best condition possible while eliminating all the risk we have control over.

For more information we invite you to our Free Credit Workshop. There is nothing to buy ONLY PURE content reserve your spot today. We look forward to being yoru resource when it comes to credit.

As you may already know, there are three major credit reporting agencies (CRA’s) otherwise known as the credit bureaus. The big three are TransUnion, Experian, and Equifax. The consumer CRA’s business is collecting, storing and reporting data they have gathered about a consumers personal credit profile.

This information is used to create your credit report which is then used by lenders to determine if they will grant you the credit applied for. The information in your credit report is gathered from three sources; 1st is you 2nd are your creditors and the 3rd is from public records.
You provide the following information on yourself when you apply for credit:

Your full name

Date of birth

Social security number

Current address, previous addresses

Phone numbers

Employment history

Your creditors and those you have applied for credit with usually will provide the following information on your credit report:

The creditors names

Contact information

What type of account you hold with the lender

Account number (usually masked)

Payment history

Any negative information such as late payments, collections, and so on.

Then there is the public records section which is data usually gathered by a third party like Lexus Nexus from court records.

Public records data is always negative which include judgments, child support, liens, bankruptcies, and foreclosures.
Now that you know the information you will find on your credit report, here is some of the coding used within your report.

There are differences of responsibility on each type of account:

I = Individual or B= Borrower this means you are solely responsible for the debt

J = Joint or C= Co Borrower the responsibility on this account is shared with another

A = Authorized User this gives you access to the account but you are not liable for the debt but if the account is paid poorly or carries high balances this will negatively affect your credit report.

These are the main types of credit accounts that you can have:

I = Installment which will be an auto or personal type of loan with a first and last payment date predetermined.

R= these are open ended accounts, usually credit cards which can have the biggest impact on your credit report negatively and adding positive credit as well.

O= Open ended which is line of credit that is open with no scheduled end date

M= Mortgage account which is a loan for a home, possibly a RV or boat.

The way an account payment status will show up based on the current standing will be as follows:
0- Too new to rate
1- Current- This is always what you are looking to maintain
2- 30-59 days past due
3- 60- 89 days past due
4- 90-119 days past due
5- 120-179 days past
6- 180 days or more past due usually a collection account
7- Wage earner plan or chapter 13 bankruptcy
8- Repossession
9- Charged off to bad debt

There are going to be differences in credit reports you get, but this will cover the main basis. Each of your credit reports may be different because not every creditor reports to every credit bureau plus the interpretation of the data may also be different.

Check Out this information on your credit just not what it was.

http://finance.yahoo.com/banking-budgeting/article/108486/good-credit-score-not-good-enough-anymore

Have you shopped for a loan recently? If so then you may have been it with the harsh reality that credit score price adjustments are real. These adjustments can effect someone with a 700 credit score, just imagine the negative effect on the lower scores. The price adjustments can be 3% just for your credit score.

If you have not checked your credit score recently, you need to get it. Remember only from MyFico.com, this will help you to be proactive instead of reactive in the battle of credit based pricing.

Be on top of your number, and get the help when you want it and not when you need it.

Well they did release an example of what could happen to your credit score if you fit this exact near perfect case. The key is could happen, but the author wrote the article as if this will be the case. That could not be further from the truth. FICO has so many different algorithms plus 16 score cards on their new scoring model which leave an . To fit this criteria in itself would be like hitting on some lotto numbers. An experienced professional who understands score cards and the use of credit score reason codes should be able to give an idea of the impact of items on a case by case basis. These “Damage Points” being revealed is nothing but some fools gold that was taken out of context.

The reality is this was just someone trying to get their name and face out there, which they did. The article was misrepresenting FICO Damage Points and was pulled down almost immediately . There are just too many factors that go into a FICO credit score to just give a number on score damaging actions. You can use the score simulator on myfico.com to see what could happen. This again is only an estimate and situations can change on the fly.

This article that slipped on the scene is a great example to be careful of who you listen to when it comes to credit. The publisher is one of the top news sources on the internet and let this happen. Another good lesson to be diligent with research especially on a topic as misunderstood as credit scoring.

These last few months in the credit card world’s version of the Wild Wild West we should continue to see credit card issuers behaving very badly!. The mega-credit card issuers time-line to finish remolding their cardholder client base to look more like what they are seeking. This means consumers will continue to suffer the at the hands of their credit card companies, that is of course unless they employ one or more of the following strategies.

1. DO NOT – NOT Use Your Card – Credit card issuers are in busy to make money and make a profit. They can’t do either unless you are using your credit card. The best news is that you don’t have to carry a balance from one month to the next in order to drop a few dimes in your credit card issuers pockets. Each time you use your credit card the merchant (aka the place you used the card) has to pay the bank a fee. This fee is called interchange. It technically comes out of your pocket because many retailers will build the assumed fee into the price of the merchandise but it sure doesn’t feel that way when we buy stuff with our credit cards. So, knock the dust off your cards and use them for modest purchases. Don’t revolve a balance and don’t get into a position where your balances spiral out of control and you’ll be fine.

2. Shut Up! – In the past a viable strategy to get fees waived and interest rates lowered was to call your credit card issuer and complain or otherwise plead your case. That’s still a decent strategy but beware. Your credit card issuer might turn the tables and start asking YOU questions in order to determine whether or not they still want to do business with you. If you call them and THEY start asking questions about your job status and salary then end the convo and hang up or you might just end up with a closed credit card.

3. Open Another Card, NOW – One of the worst strategies I see people employing today is the 1-card strategy. This is a consumer who has swallowed the Dave Ramsey gospel hook, line and sinker. The problem is that it’s unrealistic and appealing only to the lowest common credit denominator. You should have MORE cards, not fewer cards. Clearly this is a credit score play as well since having more available and unused credit limits are always good for your credit scores. So, if you have one or two credit cards right now, think about opening at least one more. This gives you options in case one of your credit card issuers starts behaving badly towards you. Nothing is more empowering than saying “I’ll take my business elsewhere” and then actually doing it.

4. Don’t Hide Behind Great FICO Scores – FICO published a study earlier this year and the findings showed that the median FICO score for a consumer who has seem his or her credit limit reduced was 770. A 770 FICO score is fantastic in any lender’s book and especially in this credit environment where lenders are gravitating to stronger borrowers. What this means is that just because you have great FICOs it doesn’t fully shield you from adverse treatment from lenders.

5. Go Small and Go Local – We, as consumers and watchdogs, tend to focus on the largest 5-10 banks and tend to forget about the thousands of lenders who are NOT treating their customers poorly. Credit unions are a great example of these lenders. If you are sick of how you’re being treated by your Manhattan bank then perhaps you need a local credit union or local bank on your side.

6. Don’t Exit The System – The blogs are on fire with angry consumers who are claiming to have sworn off credit for the foreseeable future because of how they are being treated by their lenders. “From now on if I can’t pay cash for it I won’t buy it.” Eh, that plays well on the big screen but it’s not realistic. Carrying around cash to pay for things is a bad idea. And good luck using debit cards for things like business travel and European vacations. Credit cards can help and do protect you, keep in the game

7. If All Else Fails, Litigate – If you’re finding yourself saddled with a garbage credit report because of errors and you can’t the credit bureaus or lenders to correct your files then think about filing a lawsuit. You certainly wouldn’t be alone. There will be over 8,500 credit related lawsuits filed this year. Collections agencies are the targets in most of them but certainly the credit bureaus and lenders are in the cross hairs a fair amount too. Just be sure to hire a lawyer who knows what their doing.

Here are seven solid strategies to hopefully minimize your chances of being treated poorly by your creditors. And while there are certainly no guarantees that you’ll exit this credit environment without a few scars, you can certainly make yourself as immune as possible by doing a few easy and inexpensive things. Good luck!!

What good is credit repair if you have to wait years for less than expected results? How do you even know what kind of results to predict with the service? The only way to really know is to see what the actual clients have received and the time that it was accomplished.

The average success rate with credit repair for our company is over 70%. We define success as items deleted, updated, or changed to reflect good standing. Most companies have an average success rate of less than 30%. Most companies simply mail out template disputes to the credit bureaus alone. We take a multi-front attack requesting validation from your creditors, the foundation of the problem. We then simultaneously use customized disputes with the credit bureaus aligned with your case. This aggressive method of attacking both sides is what makes the big guys move on to pick on an easier victim.

No matter who you decide to hire to help you achieve your credit repair results, be diligent. You will want to see actual responses directly from the credit bureaus, before and after credit score case studies, plus you would want to hear real customer testimonials. The things to review will be the average time-frame the clients receive the results, their credit score increases, and most importantly the average success rate of removing negative items. When you know the average success rate you will get a good idea of what you can expect for yourself.