Credit Repair Services
How We Can Help Improve Your Credit Scores
Collections Accounts
When an account is seriously past due, the creditor may decide to turn the account over to an internal collection department or sell the debt to a collection agency. Once an account is sold to a collection agency, the collection account can then be reported as a separate account on your credit report. Collection accounts can stay on your credit report for 7 years and have a significant negative impact on your credit scores.
Repossessions
Repossession typically occurs after you fall behind on your auto loan payments and is a process where an auto lender can take back possession of your vehicle, sometimes without warning you in advance. Repossession hurts your credit score. In fact, it's one of the worst things that can happen to your credit, making your financial life difficult for years to come.
Charge-offs
A charge-off is an entry on your credit report that indicates a creditor, after trying and failing to get you to make good on a debt, has given up hope of getting payment and closed your account. A charge-off is considered a derogatory entry in your credit file—a serious negative event—and it can tremendously affect your credit scores and your ability to borrow in the future.
Bankruptcy
Bankruptcy is a legal process overseen by federal bankruptcy courts. It's designed to help individuals and businesses eliminate all or part of their debt or to help them repay a portion of what they owe. Bankruptcy may help you get relief from your debt, but it's important to understand that declaring bankruptcy has a serious, long-term effect on your credit. Bankruptcy will remain on your credit report for 7-10 years, affecting your ability to open credit card accounts and get approved for loans with favorable rates.
Foreclosure
A foreclosure occurs when a mortgage lender takes possession of a property from a borrower after the borrower fails to keep up with their loan payments. Foreclosures typically occur only after you miss at least four successive monthly payments (120 days of delinquency) A foreclosure entry typically appears on your credit report within a month or two after the lender initiates foreclosure proceedings. The entry remains on your credit report for seven years from the date of the first missed payment that led to the foreclosure and has a considerable negative impact on your credit score.
Student Loans And More!
Our credit help services also deal with the following: Child Support, Medical Bills, Evictions, State/Federal Tax Liens, Hard Inquiries, Late Payments, Chexsystem/Early Warning, Incorrect Personal Info.