Credit Repair - Dallas/Ft. Worth, TX

Credit Repair - Dallas/Ft. Worth

Every consumer who uses credit has a credit profile and a FICO score.  Do you know yours?

Every time you apply for credit, creditors obtain your credit  report  to verify your  past credit history .  They use your FICO score and history to determine the likelihood that you will repay the debt.    The use of these reports has broadened. Insurance companies have begun to use them to determine premiums or deny coverage. Potential employers may even use your credit report to determine if you're the right candidate for a job.

And yes -- it's perfectly legal!  Nowadays, very few transactions that involve personal finances or any type of loan will not examine your FICO score.  It's that important.

Rising interest in credit scores
Today, a credit record is more than just a dry report on how many credit cards you have and whether you have made your payments on time. Credit  reporting  agencies distill consumers'  credit profiles  into a three-digit number called a  FICO  score .  That number alone can determine  the interest rates you're offered . It's not surprising that as credit scores become more important, consumers are taking more interest in these three-digit numbers. A high score saves you money, a low score costs you. This fascination with credit scores has led to more interest in  credit awareness - giving consumers the knowledge they need to maximize their score potential .

Wouldn't you like to increase your FICO score? 

The need for such a service is obvious. Practically every consumer has inaccurate or outdated information on a credit report from one of the three major credit bureaus, says Steve Rhode, president and co-founder of Myvesta.org, a nonprofit agency that counsels people in financial crisis.

These errors can be costly, and it's up to the consumer to get them corrected. The credit bureaus are not obligated to root out errors and provide accurate information. Their job is to record the information presented to them by creditors.

Call for help?
So, if your score is low or your credit report is inaccurate, what are your options? It's like hanging wallpaper -- do you call a professional paperhanger, or tackle it yourself? 

There are credit repair companies that will offer to have items deleted from your credit report to "immediately" boost your scores, usually at a considerable cost.  The truth is, you don't have to pay anyone to dispute erroneous items on your credit - you can do anything a credit repair company can do, at a fraction of the cost.  Rebuilding credit is not a quick fix.  It's about awareness, education, and changing the way consumers view their credit.  Our Credit Awareness Consultation is about giving YOU the power to control your credit before it controls you! 

“Many people feel that bankruptcy will destroy their credit for a 7 to10 year period of time.  I have seen people overcome and rebuild their credit in as little as 2 years. Just remember, what matters most is not that the bankruptcy happened….it’s how you come out on the other side.  One of the best ways to begin re-establishing your credit immediately is through the use of secured credit cards.”  Rodney Anderson, Executive Director and Senior Managing Partner of Rodney Anderson Lending Services, a division of Supreme Lending

So, please click here for more information on making your credit score work for you -- www.allmandandlee.com

This educational content is for educational purposes only and does not constitute legal, financial, home improvement or health advice. Content on this page is provided by Ask The Experts and not the featured advertiser.

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