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      April 25, 2019

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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.

How Repairing Your Credit Can Save You Money

Over 220 million Americans have a bad credit rating – and it costs them thousands of dollars each year in the form of higher interest rates on everything from loans to credit cards.

Credit reports have become the gold standard for determining a person’s financial worth. In some instances, employers even use credit reports and credit scores during the hiring process.

There are several ways in which a poor credit history and low credit score can affect finances.

  • Higher Interest Rates. Persons with poor credit reports and low credit scores (between 300 and 500) are subject to higher interest rates for loans. Because consumers with a bad credit history are a higher risk to lenders, an attempt to recoup as much money up front usually is reflected through a higher interest rate. Of course, it’s also possible that loans from various creditors will be denied entirely. When that happens, consumers are left with little recourse.
  • Credit Cards. Approval for new credit cards will be difficult if not impossible with a poor credit rating. Consumers who are lucky enough to get a new card will find themselves saddled with a higher-than-average interest rate, as well as a low spending limit.
  • Vehicle Insurance. Vehicle insurance companies have jumped on the bandwagon of reviewing potential clients’ credit histories prior to agreeing to insure them. Roughly 92 percent of all insurance companies research a customer’s credit history prior to insuring them. Consumers with poor payment histories or a dismal credit score can expect to pay higher premiums. Data indicates that persons with poor credit are more likely to file claims and are therefore a higher risk for insurers. Conversely, those with excellent credit histories and credit scores generally have fewer accidents and tend to pay premiums in a timely fashion.
  • Employment. With 69 percent of all U.S. employers admitting to checking credit reports as part of the hiring process, those with a bad credit history can be left out in the cold when it comes to landing a new job. Under the Fair Credit Reporting Act, employers must first seek permission prior to requesting a potential employee’s credit report. Those who suffer from bad credit or a dismal credit score can find themselves being passed over for new jobs as well as promotions with an existing employer.

Having poor credit is not the end of the world. With a little time and a lot of hard work, a bad credit history can be turned into a positive credit history.

The first step one should take toward repairing a bad credit history is to review copies of your own credit report. Reports can be requested through the three major credit reporting agencies: Equifax, Experian and TransUnion. The Fair Credit Reporting Act mandates that all consumers are to receive one free annual credit report from each of the three agencies.

Consumers with poor credit histories also should consult with a consumer credit counseling service, which can help start the process of repairing credit. These services work by helping consumers to consolidate loans and other debt into monthly payments the consumer can afford. There are many such agencies on the market today, but consumers should be careful when selecting one, as not all are created equal.

Applying for a Credit Card: Your Odds of Being Approved

Mike Pearson, credit expert and founder of the credit repair site Credit Takeoff, explains how the score ranges affect your approval odds. "If you have a credit score of 750 and above, you'll have ...

Published:  Tue, 23 Apr 2019 15:29:00 GMT



From credit cards to home repair, San Francisco companies are attracting new investment

San Francisco-based credit card company Brex has secured $100 million in debt financing, according to company database Crunchbase, topping the city's recent funding headlines. The cash infusion ...

Published:  Tue, 23 Apr 2019 10:50:00 GMT



CreditLogics Unveils New Cloud-Based Credit Repair CRM Platform for Businesses: Management of Client Credit Repair from Nearly Anywhere

CHICAGO, April 11, 2019 /PRNewswire/ -- CreditLogics (https://www.creditlogics.com/#About-us) recently launched its all-in-one credit repair platform intended for businesses working with client ...

Published:  Thu, 11 Apr 2019 11:50:00 GMT



Court Compels Lexington Law to Produce Client Communications Related to Generating Credit Dispute Letters

Heath, Attorney at Law, PLLC d/b/a Lexington Law Firm (Lexington Law) for allegedly engaging "in a fraudulent credit-repair scheme designed to bombard debt collectors with false credit dispute letters ...

Published:  Tue, 23 Apr 2019 10:11:00 GMT



Major changes for consumer credit reports are starting to roll out

"Some [are concerned that] taking banking information into consideration could hurt those who otherwise have a good borrowing and paying history but have poor banking habits," writes Elisa Ortiz at ...

Published:  Mon, 22 Apr 2019 12:15:00 GMT



Which Credit Repair Company Is the Fastest

Early last month 03/05/2019 we posted news of Bestcompany.com having us ranked in the Top 10 of the best credit repair companies. To be precise we were ranked #9 back then but since a whopping amount ...

Published:  Tue, 16 Apr 2019 09:39:00 GMT



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