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Hello MVET
My intention with this article is to feed you and to give you baseline knowledge on how credit
and credit repair works. There is so much more to tell you as we get going. I am very excited
to work with you all. Our company's slogan is "Saving My Life by, Saving My Credit." If
you need help with your credit situation, no matter what it is, we will have some answers and
clarity for you.
There are lots of reasons why your credit may be in rough shape. Most are related to
your spending habits. So, for instance, if you missed a few payments or your debt
levels are too high (think over 30% of your total available credit limits), you ’ll have
to make some changes to improve your credit scores. And you may have to wait a bit
to see an uptick. Most negative information can take up to seven years to age off of
your credit report, though the effects on your score will lessen over time, so long as no
new blemishes emerge.
A recent Federal Trade Commission study found that 1 -in-5 consumers have an er-
ror or derogatory issue on at least one of their credit reports. If you have items on
your credit report that you don't recognize, then you may want to consider credit
repair.
The average person
doesn't know
:
* How to read a credit report.
* How to recognize key information affecting their credit report, good or bad.
* How to fix an issue or get something done on their credit report.
* How much balance they should hold on credit cards. (Balance to limit ratio).
With our professional help, you will have all these answers and more.
Saving My Credit will first pull your credit reports from each of the three
major credit reporting agencies to pinpoint your credit issues. Why all
three? Because each credit reporting agency has its unique “data furnish-
ers” (aka lenders, credit card companies, debt collectors, etc.), who report
your credit information to them. And there may be errors that appear on
one of your credit reports, but don’t appear to the others.
Once you identify those errors, you’ll then give Saving My Credit any
supporting documentation you might have or need. For example, if
there’s a bill on your credit report that your husband or wife was responsi-
ble for under your divorce decree, you can use that document to prove it
shouldn’t be impacting you.
In some cases, it might be difficult to determine what to include as far as
supporting documentation goes — that’s another way Saving My Credit
can help you. For example, if you’re a victim of identity theft and a fraud-
ulent account is appearing on your credit report, it can be tough to prove it
isn’t yours since you naturally don’t have any documents relating to the
account.
Removing an item from your credit report is determined by the bureaus
and data furnishers after receiving the dispute and supporting information
and working with Saving My Credit. The major law dictating your rights
when it comes to credit reporting is the Fair Credit Reporting Act, but it
isn’t the only law on your side when it comes to credit repair.
Saving My Credit will scrub questionable credit report items against other
laws — like the Fair Credit Billing Act, which regulates original credi-
tors; the Fair Debt Collection Practices Act, which oversees collection
agencies; and others that address medical illness, military service, student
How Credit and Credit Repair
Works
By John Allen