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After twelve years of credit repair, credit score repair and writing credit repair letters to all sorts of creditors, collection agencies and credit bureaus, I realized that it was necessary to provide my services at a serious discount to consumers in need. I realized that not all consumers could afford my credit repair services. As a result, I created a hot line to answer credit repair and credit score questions. However, I noticed that it was becoming an overwhelming task for my staff and at much expense in order to provide the free credit repair services.

Repair your credit plan

1.Know your credit score!

The first step in controlling your debt is knowing your credit score.

a)What is a credit score?

Your credit score is a three digit number ranging from 300 to 850

that is the key to your borrowing costs.

(*)Why is your credit score important?

A credit score is used by a lender to help determine whether a person qualifies for a

1.Know your credit score!

The first step in controlling your debt is knowing your credit score.

a)What is a credit score?

Your credit score is a three digit number ranging from 300 to 850

that is the key to your borrowing costs.

(*)Why is your credit score important?

A credit score is used by a lender to help determine whether a person qualifies for a

particular credit card, loan, or service. Most credit scores estimate the risk a

company incurs by lending a individual money or providing them with a service

specifically, the likelihood that the person will make their payments on time in the

next two to three years. Generally, the higher the score, the less risk the person

represents.

If you are drowning in debt, debt settlement may be the answer you are looking for. Although it may have an impact on your overall credit rating, the damage is minor compared to other options, such as filing bankruptcy.

With debt settlement, you work with your creditors to pay off your debt, for an amount less than what you actually owe. For example, if you currently owe $10,000 on one of your credit cards, your creditor may accept $7,000 a payment in full. Generally speaking, companies will take anywhere between 25% and 75% of the overall balance. Creditors would much rather accept partial payment, rather than you filing bankruptcy, in which they will not receive any of their money.

Statistics show that 80% of Americans have either bad or erroneous information on their credit reports. That means there’s a great chance credit repair could be right for you.

If you ask me a more startling statistic is 90% of the information on the internet teaching you how to improve your credit is bad or erroneous. Let me explain.

If you’ve done any research on credit repair, surely you’ve seen free dispute letters, If you haven’t let me show you the pitch.

Whether you’ve never had credit or the credit that you have is all bad, you essentially face the same challenges in opening a new account. Many lenders will turn you away if you don’t have a recent history of responsible credit usage. But if you need credit to get credit, how do you start? Building or rebuilding credit can seem like an imposing task at first but it’s actually easy to accomplish if you know where to begin and what to avoid.

Credit Repair and How To Improve Your Credit Score

Before you start attempting credit repair or boosting your credit score, you need to know the basics. You need to know what a credit score is, how it is developed, and why it is important to you in your everyday life.

Lenders certainly know what sort of information they can get from a credit score, but knowing this information yourself can help you better see how your everyday financial decisions impact the financial picture lenders get of you through your credit score.

Every time you ask a lender for credit, whether you’re opening a store account or applying for a 30-year mortgage, they’re going to review your credit report. The lender will look at your total credit score, your past ability to make payments on time and your current debt load. They do this to determine not only your suitability as a borrower, but also what kind of interest rate they’ll charge you.

To secure credit and a good interest rate, you need what’s called a “lender-friendly” credit score. In this article, we’ll show you how a credit score works and what you can do to begin building a better score today.