Help Yourself!

SCS Tip #6

As important as it is to remove derogatory accounts from your credit, it is just as important to open new lines of credit and establish payment history. In order to get the best results through the process, you must have positive accounts reporting to your credit because that makes up a large portion of the way your scores are calculated. 15% of your score is having a healthy mixture of credit open. A healthy mix of credit consists of 1 installment to every 3 revolving (credit card). If you need help please call us for a free consultation at 1-866-997-6591

SCS TIP #5

Remember, your credit score reflects many things, but one of the most important things is how you pay back your financial obligations. If you always pay on time and pay at least the minimum amount due, you will generally see your credit score rise. But again, this is a history, so one or two months of on-time payments are probably not going to change it much.

SCS TIP #4

Don’t let your creditors bully you. They know how to push all your “guilt” buttons and leverage your emotional distress to make you squirm and pay more than you can afford. They will tell you they can accept a certain amount per month as the lowest payment because they are guessing you can afford that amount. They will use every tactic know to man to take you there. If you start to feel unsettled, hang up and call back another day. There is nothing that says you have to do this right now. Be sensible about negotiating and make the phone call when you have confidence.

SCS TIP #3

Get yourself organized and be committed to the program, there is no overnight fix.

SCS TIP #2

Do read the Fair Credit Reporting Act so you have an idea of your rights while you go through the credit repair process.

SCS TIP #1

Don't fall for scams that tell you to create a new credit file ... that's credit fraud if you do it, and can make you subject to legal repercussions

HOW CREDIT SCORING HELPS YOU

People can get loans faster.
Scores can be delivered almost instantaneously, helping lenders speed up loan approvals. Today many credit decisions can be made within minutes. Even a mortgage application can be approved in hours instead of weeks for borrowers who score above a lender's “score cutoff”. Scoring also allows retail stores, Internet sites and other lenders to make “instant credit” decisions.