0 Percent Credit Repair San Diego

CREDIT REPAIR - CREDIT COUNSELING

Don't Let Credit Stop You From Living Your Best Life!

Remove errors on your credit report and boost your scores!

We make it simple and worry-free. When you're ready to start, our San Diego Credit Repair Team will be here to help!

We Remove Negative Items From All 3 Major Credit Bureaus!

We will remove negative accounts off of your reports on all three major credit bureaus (Equifax, TransUnion & Experian). We are experienced in all the nuances of disputes and getting your credit completely clean. We have your back.

DO I HAVE A RIGHT TO KNOW WHAT'S IN MY REPORT?

Of course you do. By law, the agencies must give you a free report annually. However those free reports do not contain scores. For credit repair scores we recommend an inexpensive credit monitoring service.

WHAT IS A CREDIT SCORE?

A credit score is a number generated by a mathematical formula that is meant to predict credit worthiness. Credit scores range from 300-850. The higher your score is, the more likely you are to get a loan. The lower your score is, the less likely you are to get a loan. If you have a low credit score and you do manage to get approved for credit then your interest rate will be much higher than someone who had a good credit score and borrowed money. So, basically, having a high credit score can save many thousands of dollars over the life of your mortgage, auto loan, or credit card.

CREDIT SCORE RANGES

800 and Higher (Excellent)

With a credit score in this range no lender will ever disapprove your loan application. Additionally, the APR (Annual Percentage Rate) on your credit cards will be the lowest possible.

700 – 799 (Very Good)

27% of the United States population belongs to this credit score range. With this credit score range you will enjoy good rates and approved for nearly any type of credit loan or personal loan.

680 – 699 (Good)

This range is the average credit score. In this range approvals are practically guaranteed but the interest rates might be marginally higher.

620 -679 (OK or Fair)

Depending on what kind of loan or credit you are applying for and your credit history, you might find that the rates you are quoted aren’t best.

580 – 619 (Poor)

With a poor credit rating you can still get an unsecured personal loan and even a mortgage, but, the terms and interest rates won’t be very appealing.

500 – 579 (Bad)

With a score in this range you can get a loan but nothing even close to what you expect it to be. Some people with bad credit apply for loans to consolidate debt in search for a fresh start.

499 and Lower (Very Bad)

If this is your score range you need serious and professional assistance with how you handle your credit. You’re making too many credit blunders and they will only get worse if you don’t take positive action.

HOW DO CREDIT BUREAUS DETERMINE MY CREDIT SCORE?

35% - Payment History

30% - Debt Ratio

15% - Length of Credit History

10% - Types of Credit

10% - Number of Credit Inquiries

The percentages in this chart show how important each of the categories is in determining your Credit score. We will help you to remove negative items from your payment history. We will also show you how to maximize your debt ratio score, even if paying off credit cards is not an option.

HOW DOES A CREDIT BUREAU DETERMINE MY SCORE?

Credit scoring models are complex and often vary among creditors and for different types of credit. If one factor changes, your score may change — but improvement generally depends on how that factor relates to other factors considered by the model.

Scoring models generally evaluate the following types of information in your credit report:

Do you pay your bills on time?

Payment history is a major factor in credit scoring. If you have paid bills late, have collections, or declared bankruptcy, these events will not reflect well in your credit score.

Do you have a long credit history?

Generally speaking, the longer your history of holding accounts is, the more trusted you will be as a borrower.

Have you applied for credit recently?

If you have many recent inquires this can be construed as being negative by the credit reporting agencies. Only apply for credit when you really want it.

What is your outstanding debt?

It is important that you are not using all of your available credit. If all of your credit cards are maxed out, your scores will reflect that you are not managing your debt wisely.

WHAT IS THE SECRET TO A HIGH CREDIT SCORE?

1. Always pay your bills on time!

2. Don’t close old accounts!

3. Don’t apply for any new credit!

4. Don’t ever use more than 30% of your available credit on each credit card!

WHAT HAPPENS IF YOU ARE DENIED CREDIT OR DON’T GET THE TERMS YOU WANT?

If you are denied credit, the Equal Credit Opportunity Act requires that the creditor give you a notice that tells you the specific reasons your application was rejected or the fact that you have the right to learn the reasons if you ask within 60 days. Indefinite and vague reasons for denial are illegal, so ask the creditor to be specific. Acceptable reasons include: “Your income was low” or “You haven’t been employed long enough.” Unacceptable reasons include: “You didn’t meet our minimum standards” or “You didn’t receive enough points on our credit scoring system.”

If a creditor says you were denied credit because you are too near your credit limits on your charge cards or you have too many credit card accounts, you may want to reapply after paying down your balances or closing some accounts. Credit scoring systems consider updated information and change over time.

If you’ve been denied credit, or didn’t get the rate or credit terms you want, ask the creditor if a credit scoring system was used. If so, ask what characteristics or factors were used in that system, and the best ways to improve your application. If you get credit, ask the creditor whether you are getting the best rate and terms available and, if not, why. If you are not offered the best rate available because of inaccuracies in your credit report, be sure to dispute the inaccurate information in your credit report.

HOW CAN I SPEED UP THE PROCESS?

1. Order fresh new copies of your credit reports from all 3 bureaus: Equifax, Experian and TransUnion. *We will assist you with this step.

2. Correct all inaccuracies on your Credit Reports. *We will assist you with this step.

3. If you have any negative marks on your credit report, negotiate with the creditor or lender to remove it. *We will assist you with this step.

4. Do not close your old credit card accounts.

5. Avoid applying for new credit.

7. Have at least three revolving credit lines and one active (or paid) installment loan listed on your Credit Report

THROUGHOUT THIS PROCESS, ALWAYS REMEMBER:

The scoring system wants to see that you maintain a variety of credit accounts. It also wants to see that you have 3 revolving credit lines. If you do not have three active credit cards, you might want to open some (but keep in mind that if you do, you will need to wait some time before re-scoring). If you have poor credit and are not approved for a typical credit card, you might want to set up a "secured credit card" account. This means that you will have to make a deposit that is equal or more than your limit, which guarantees the bank that you will repay the loan. It's an excellent way to establish credit. Examples of an installment loan would be a car loan, or it could be for furniture or a major appliance. In addition to the above, having a mortgage listed will bring your score even higher.

0 Percent Credit Repair San Diego

Including:

San Diego County, CA

San Diego, CA

and also the areas of:

Bonita, CA

Chula Vista, CA

Imperial Beach, CA

La Mesa, CA

Lemon Grove, CA

National City, CA

Spring Valley, CA