Currently viewing the category: "Credit Optimization"

All About Credit Repair

On October 25, 2008 By

Download our All About Credit Repair Whitepaper

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Credit Repair Organizations

On February 3, 2008 By

The Truth

No one can legally remove accurate and timely negative information from a credit report. The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this.

However, if you simply do not have the time to truly [...]

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Credit Optimization

On January 28, 2008 By

There are 2 ways essentially to improve your credit score.

The first step is by disputing any innaccuracies that are reported when you reviewed your credit report.

The next step, in correlation with the first step, is to start working on your personal finance plan yourself.  This would include organizing a budget, paying off the right [...]

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1. Balance Reduction Technique

On January 27, 2008 By

Most borrowers are overwhelmed when they look at their overall debt picture and wonder how they are going to pay off all or any of their debt.  The first step is figuring out which debts are influencing your credit score the most and focus on those first.

Here are the debts you want to focus on [...]

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2. Payment Status

On January 27, 2008 By

Why your payment status needs to be reviewed for innacuracies and included in your dispute letter.

You should have written a dispute letter if you feel a former or current account is being reported innacurately by the credit bureau.

Items that may be corrected (dispute letter) and can help optomize your score:

1.)  Correcting the payment status of accounts that should [...]

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3. Collections and Public Records

On January 27, 2008 By

Collections and Public Records

This includes bankruptcies, judgments, and tax liens.

You would be amazed at how many times our borrowers apply for financing only to find out a tax lien that had been discharged or released many years ago still is being reported as owed.  These are one of the biggest credit score killers out [...]

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4. Changes to your available credit

On January 26, 2008 By

Changes to your available credit

1.) Opening a new revolving account can help you.  By establishing a new credit line history and keeping it in good payment status can help optomize your score.  However, make sure you don’t run your new line of credit over half the available credit line and make sure you make [...]

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5. Limiting your Credit Inquiries

On January 26, 2008 By

Limiting your credit inquiries

A credit inquiry is reported any time you apply for new credit.  When you go out there and apply for a number of credit items, it decreases your score because it essentially says you are trying to add more items to your credit profile that have to potential for you to default on.

This is [...]

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