Your credit history, erroneous accounts (not yours), obsolete accounts (past the statute of limitations), or unverifiable accounts (the creditor cannot verify the accuracy of the item), are costing you hundreds and even thousands of dollars each year in higher interest rates, fees and points on your home, auto loans, and credit cards. This may also prevent you from even getting credit.
Most people are unaware of their credit history. Some are aware that they have negative items on their credit report but are embarrassed about it or don’t know that there’s a legal and affordable way to remove them.
Steps To Get Your Credit History
Monitoring your credit history by obtaining your credit report from one of the 3 main credit bureaus (Experian, Equifax, Transunion) on a regular basis is the first step. You can do this quickly, easily and it’s free! Federal law allows consumers to receive a free credit report from each of the 3 main credit bureaus mentioned above once every 12 months. We suggest that you pull one from each bureau every 4 months instead of all 3 at the same time to be able to monitor the credit activity on your account all year long. Go to www.annualcreditreport.com. This web site is listed on the Federal Trade Commission web site as the place for consumers to go to obtain their free credit reports. And, you should know that when you pull your own credit report it does not reflect as an inquiry on your credit file.
What Can Be Removed From Your Credit Report?
Once you have your report note any items that are in error (not yours), obsolete (older than 7 years), duplicated (items listed more than once), or are simply showing up as derogatory even if you do owe the money, did file for bankruptcy, did short sale your home, or did have that foreclosure. All these items can potentially be legally and affordably removed from your credit history. Yes, all of them!
If you have even one item on your credit report that fits any of the categories above it will save you more in the long run to remove that item and increase your credit score. An increase of just 25 points on your credit score may allow you to refinance your car, home loan, or move your credit card balances to lower interest rate credit cards.
The Benefits of Cleaning Up Your Credit History
More negotiating power: A good credit score gives you leverage to negotiate a lower interest rate on your credit card or a new loan.
Get approved for higher limits: One of the benefits of having a good credit score is that banks are willing to let you borrow more money because you’ve demonstrated that you pay back what you borrow on time.
Avoid security deposits on utilities: These deposits are sometimes $100 to $200 and a huge inconvenience when you’re relocating.
Better car insurance rate: Insurance companies say that people with bad credit tend to file more claims and these people are penalized with a higher insurance premium.
We’re Experts at Working on Your Credit History
Just give us a call, text us or send us an email. We conduct a free, no obligation phone consultation. It’s simple. If you choose to work with us it’s affordable too.
Felicia Guidry
713-301-2446
info@feliciaguidry.com visit us: www.feliciaguidry.com
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