Credit regulations, educational resources, and tools
As part of our exceptional services, we provide educational resources and tools to help you not only rebuild your credit, but to keep it. We keep you informed of the latest credit regulations, laws, and more so you are fully equipped and empowered through the myriad of obstacles in the credit world. We work with the top three credit bureaus Experian, Equifax, and Transunion to refute, question, and challenge anything which appears unverified or debatable on your credit report. We communicate with creditors to remove and push forward on your behalf any account mistakes to clear your history and repair credit scores. This enables our clients to secure lower interest rates for home and auto loans, or to finance other sizeable purchases. With our services, clients can refinance or secure a home loan faster than the typical wait period of 5-7 years.
We also help our clients understand the importance and meaning of FICO scores. Most clients are unaware of how important your FICO score is and how it is calculated. We walk you through payment history, amounts owed and more, so you are fully knowledgeable about how the credit industry works. We have a full source of credit jargon to familiarize yourself with all the ins and outs of the credit bureau industry.
Terms Of FICO Score And Credit Industry
Your FICO Score is calculated through several different factors and percentages. Here is a general breakdown of how your FICO Score is determined:
Payment History
(35%) includes account payment information, bankruptcy or judgments, duration of overdue payments, amounts past due (if any) and duration of any adverse occurrences.
Amounts Owed
(35%) (30%) includes the amounts owed on accounts individually and totaled together as a whole, the number of accounts with balances, proportion of credit line used, and proportion of installment loan amounts still owed.
Lenght of Credit History
(15%) includes the duration accounts have been open as well as the amount of time since accounts have been active.
Your Consumer Rights
“Education then, beyond all other devices of human origin, is a great equalizer of the conditions of men – the balance wheel of the social machinery.” – John Doe
When it comes to your Finances, what you don’t know can hurt you. Educating yourself on the laws and acts that govern the financial world should be a Top Priority for anyone that wants to be financially independent. Below are some useful links to learn about your rights as a consumer.
Read about the Fair Debt Collection Practices Act on the Federal Trade Commissions (FTC) website.
A Summary of Your Rights Under the Fair Credit Reporting Act (PDF) also on the FTC website.
