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      August 26, 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

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What is a Credit Score and Why is it Important?

Age may just be a number, but a credit score can make or break your financial future.

What exactly is a credit score? The easy answer is that itís a number assigned to an individual consumer based on their credit history. Failure to pay back debt in a timely fashion or, worse yet, defaulting on a loan or payment entirely is likely to result in a very low credit score. A stellar credit report, which includes a consistent history of on-time bill payment and loan repayment, will result in a high credit score.

The more complex answer to the question of what is a credit score is that it is a three-digit number assigned through a mathematical algorithm using information pulled from a consumerís credit report. The numbers range from a low of 300 to a high of 850. The number is supposed to predict the risk associated with doing business with that particular individual. A credit score higher than 700 is a good indicator that the consumer has an excellent credit history and is in the low-risk category for defaulting on a loan or payment.

Creditors with scores in the 500 and 600 ranges are considered medium risk and may have a history of failure to pay or consistently paying late. Scores below 500 indicate a high-risk consumer. These are the folks who may find they are having trouble obtaining loans, utility services or even employment due to their credit scores. They have consistent histories of failure to pay or of paying late, making them undesirable with which to do business.

Every credit score consists of five criteria: payment history, amounts owed, length of credit history, new credit and types of credit used. Payment history counts for 35 percent of the total score, and includes things like account payment information. The balance owed to creditors consists of 30 percent of your score, and is a reflection of how much is owed on every open account a consumer holds. The length of the credit history is 15 percent of the total score. This covers how long ago accounts were opened and how often they register activity by the consumer. The types of accounts the consumer holds counts for 10 percent of the total score and new credit consists of the remaining 10 percent.

A consumerís age, sex, race, address, marital status, income level or employment status have no effect on the credit score. However, there is one credit-score model that dominates the industry Ė FICO. Over 90 percent of all U.S. financial institutions use FICO scores when determining credit worthiness.

Consumers who wish to review their credit score can do so by requesting it from any of the three credit reporting agencies (Experian, Equifax and TransUnion) or from www.myfico.com. While federal law requires that all consumers receive one free credit report annually, that provision does not cover the receipt of a credit score. Credit scores cost $20 and up, depending on the agency used to obtain them.

Credit Repair Program Doesn't Help Family Land New Home

The Soriano family thought they would be living in their dream home by now. The family had signed up for home purchase credit repair program with the home builder, Lennar. They began making payments ...

Published:  Thu, 22 Aug 2019 15:45:00 GMT



Credit Repair Cloud Breaks Into Inc. Magazine's List of the Top 5000 Fasting-Growing Companies

LOS ANGELES, Aug. 16, 2019 /PRNewswire-PRWeb/ -- Inc. magazine today revealed that Credit Repair Cloud, a pioneer in software systems for credit repair entrepreneurs, is part of the 2019 Inc. 5000 ...

Published:  Fri, 16 Aug 2019 12:00:00 GMT



Cook Law, the Reputed Credit Repair Specialists in St. Louis, Missouri

Brentwood, MO -- (SBWIRE) -- 08/14/2019 -- St. Louis, Missouri - 8th August 2019 - Cook Law, LLC is one of the prestigious law firms in the state specializing in credit repairs. There are many firms ...

Published:  Wed, 14 Aug 2019 09:09:00 GMT



Personal Finance Talk: "Credit: Prepare and Repair"

Jerry Manor from SeaComm will give tips in financial goal setting. Some topics that will be covered include how to handle a checking account, budgeting, credit reports, improving your credit score, ...

Published:  Wed, 14 Aug 2019 21:08:00 GMT



Trump administration sued credit repair companies. California legislators should take note

Have a personal story or opinion on something happening in California or the Sacramento region that you think our readers need to hear? Here is how to submit an op-ed. By It wasn't front-page news ...

Published:  Fri, 26 Jul 2019 08:08:00 GMT



How Long Does it Take to Repair Credit?

Depending on how bad your credit is, it could take a while before you get your credit score to where you want it to be. You certainly can't improve it overnight, and if you have any negative marks ...

Published:  Thu, 25 Jul 2019 17:00:00 GMT



Opinion: Trump goes after credit repair firms; so should California

It wasn't front-page news when the U.S. Consumer Financial Protection Bureau sued two of the biggest credit repair companies in America: Lexington Law and CreditRepair.com. But it got the attention of ...

Published:  Thu, 25 Jul 2019 06:11:00 GMT



Newly-Released DIY Credit Repair Book by Ashley Massengill Offers Practical Routes Out of Financial Doldrums

"First Class Credit: Don't Leave Your Credit On Standby" is released on Amazon to make economic jet setters out of those currently at a financial pitstop. FORT WORTH, Texas, July 30, 2019 /PRNewswire/ ...

Published:  Tue, 30 Jul 2019 05:16:00 GMT



AG: Baton Rouge man uses credit-repair company to steal 300 identities, $5 million

BATON ROUGE, LA (WAFB) - A Baton Rouge man has been arrested and charged with racketeering after being accused of stealing more than 300 identities and $5 million in a nation-wide financial fraud ...

Published:  Sat, 27 Jul 2019 03:27:00 GMT



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