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      January 24, 2020

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Repair Companies

  1. Ovation Credit Services
  2. Credit Firm
  3. Credit Saint
  4. MSI Credit Solutions
  5. The Credit Pros
  6. Lexington Law
  7. The Credit People
  8. Credit Repair
  9. Credit Assist Network
  10. Pyramid Credit Repair
  11. E Credit Attorney
  12. Credit Repair Consult
  13. Veracity Credit

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Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

What is Credit History and Why is it Important?

From that first bank account to the latest credit card, an individual’s credit history is the complete synopsis of how that consumer has managed their finances over their lifetime. For better or worse, it’s all included in one handy document, which can be accessed by financial brokers, credit card companies and even potential employers.

A credit score – a three-digit number that is assigned through a mathematical algorithm which pulls data from a person’s credit report – is partially determined by a consumer’s credit history. A credit score, in conjunction with a person’s credit report, is used to determine credit worthiness. It consists of 15 percent of a consumer’s credit score.

Knowing how a credit history can affect everyday living is the best tool a consumer can possess. Landlords, insurance providers and even cell phone companies use a person’s credit history to determine if they want to risk doing business with that person. Having a bad credit report – which is the result of not paying bills on time or forfeiting loans and other debt – will have lifelong repercussions for the potential borrower.

It’s best to build a solid credit report from day one. The ways to create a positive report include:

  • Pay on time. While this may seem like common sense advice, failure to make payments on time or to make them at all is the number one reason consumers have poor credit reports. In order to pay bills in a timely fashion, set a budget and establish a bill-paying routine so as not to miss any payments. Some online bill payment systems allow users to set automatic payments/deductions for bills that occur on a monthly basis. Using these features may be the best way to make sure bills are paid on time and not forgotten.
  • Pay the balance. It’s best to pay the entire amount due each month. However, if that is not possible, at least be sure to pay the indicated “minimum amount due” listed on the bill. Paying even a small amount on bills is better than skipping a payment altogether.
  • Don’t overextend available funding. While it may be easier said than done, creating and sticking to a monthly budget is the best way to prevent overspending, which can result in the failure to pay bills on time.
  • Think before buying. Impulse spending is among the quickest ways to overextend available credit. Overextending credit almost always leads to failure to pay bills in full on time, which in turn results in a poor credit report. Establishing a monthly spending plan is the best way to know if there is wiggle room for additional spending on items that are non-essential.

If you’re among the estimated 220 million Americans who have bad credit, all is not lost. There are steps to take to help repair credit damage and improve your credit rating. The best way to repair poor credit is to consult with a consumer credit consolidation service, which can help consumers consolidate monthly loans and other debt into more reasonable payments.

FTC cracks down on credit repair schemes

Several credit repair companies settled with the Federal Trade Commission last week as regulators crack down on misleading financial services practices. Dealerships should educate customers about ...

Published:  Wed, 22 Jan 2020 07:21:00 GMT



Bogus Credit Repair Scheme Banned

WASHINGTON (dpa-AFX) - The Federal Trade Commission has banned operators of a bogus credit repair scheme from the credit repair business. The firms, which defrauded consumers millions of dollars, are ...

Published:  Mon, 20 Jan 2020 04:15:00 GMT



How to Get Items Removed From Your Credit Report

Your credit report is a signal of financial stability. But it's fairly common even for the most diligent with their money to get slightly off track - and that's where strategies to rebuild your credit ...

Published:  Mon, 13 Jan 2020 08:30:00 GMT



Credit repair: Fixing mistakes on your credit report

Filing an Identity Theft Report to block debts that you owe is against the law. If you're considering paying a credit repair organization to help fix your credit, keep in mind that anything they can ...

Published:  Sun, 19 Jan 2020 14:40:00 GMT



Credit Repair Scammers Settle With CFPB and are Banned From Industry

The operators of a bogus credit repair scheme are banned from the credit repair business and subject to a wide array of other requirements under settlement terms with the Federal Trade Commission. The ...

Published:  Mon, 20 Jan 2020 14:35:00 GMT



GUEST COMMENTARY: Broken auto glass scam could break Floridians' credit score

You may get a repair done for zero cost this year, but you are likely to pay for it over and over in years to come. There is a particularly loathsome version of the assignment of benefits practiced by ...

Published:  Tue, 14 Jan 2020 06:00:00 GMT



Defendants in FTC Credit Repair Scheme Case Agree to Settle Charges

WASHINGTON, Jan. 18-- The Federal Trade Commission issued the following news release: - Defendants face monetary judgments, bans from credit repair business, and prohibitions on other deceptive ...

Published:  Sat, 18 Jan 2020 06:06:00 GMT



MBS Lending cuts rates for credit repair mortgages

MBS Lending, the Melton Building Society's credit repair subsidiary, has reduced rates across its range of credit repair mortgages and has added an extended range of fixed rate mortgages. MBS Lending ...

Published:  Mon, 20 Jan 2020 10:57:00 GMT



Melton's credit repair subsidiary overhauls range

"We consistently review our proposition to ensure we're meeting the diverse needs of our customers." MBS Lending, Melton Building Society's credit repair subsidiary, has reduced rates across its ...

Published:  Tue, 21 Jan 2020 01:37:00 GMT



Scammers Weekly: Credit repair scams

If you need help getting out of debt, turn to an organization like the nonprofit National Foundation for Credit Counseling. Visit the AARP Fraud Watch Network by clicking here or call the AARP Fraud ...

Published:  Wed, 15 Jan 2020 00:07:00 GMT



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