Kredit MD Credit Repair Services

There is no quick way to fix bad credit. In fact, quick-fix efforts are the most likely to backfire, so beware of any advice that claims to improve your credit. Need Professional Help To Fix Your Credit Score?... Please CLICK the LINK for FREE Consultation. https://kreditmd.as.me/schedule.php

Credit reports remain a bit of a mystery to many. Navigating your credit health can feel like winding your way through a never-ending maze. Fear not, though we’re here to shed a bit more light on the credit report system. Wondering why an account has been removed from your credit reports? Read on to find a few common reasons. 1 The account has been closed for seven to ten years... The most typical reason for the removal of a credit account (this article doesn’t apply to other items, like derogatory marks or hard inquiries) is that the account in question has simply aged out. Contrary to the belief of many, accounts are not immediately removed from your credit reports when they’re reported as closed. Instead, those accounts and their information will typically remain on your reports for seven to ten years before being completely deleted. 2 Your lender has changed names Often, if your lender has recently changed their business name, your old account will be removed from your reports and replaced by an account with the updated name. This type of maneuver is usually relatively easy to spot: If a new account has been added to your credit reports with the same open date, balances and other information as the account that’s been removed, a lender name change is probably the cause. 3 The account was incorrectly included in the first place If the account in question shouldn’t have been on your reports in the first place, then you may be receiving a removal notification because the initial error has been corrected. 4 Your lender or the credit bureau removed the account by mistake If your removed account doesn’t fit under any of these other explanations, it’s possible that your account was removed from your reports due to a mistake by your lender or the credit bureau. If you think the account in question should not have been removed at all, you could contact your lender or file a dispute directly with the credit bureau to get to the bottom of the disappearance. Need Professional Help To Fix Your Credit Score? Please CLICK the LINK for FREE Consultation. https://kreditmd.as.me/schedule.php

A high utilization rate is a sign that you may be experiencing financial difficulty and is a strong indicator of lending risk. As a result, high utilization hurts credit scores and can cause lenders to be reluctant to extend additional credit.If you have a high balance-to-limit ratio on one card, that negative can be significantly off-set by having a low overall utilization rate. That is why we caution against closing unused cards if your scores are low and eliminating that o...pen credit limit might increase your total utilization ratio. Keep Credit Card Balances as Low As Possible VantageScore recommends an overall utilization rate of no more than 30 percent. However, the lower your utilization ratio, the better for your credit scores. Ideally, you should pay your balances in full each month so that you never pay finance charges and don't spend more than you can afford to repay. But, don't expect paying in full to lower your utilization. The balance reported is the amount owed when you receive your billing statement. The only way to have a zero balance is to not use the card for an entire billing cycle or pay the balance well before the due date so that your billing statement will show a zero balance due. If your scores are not as good as they need to be to be approved at the best rates, paying down balances is often the best action you can take to improve your risk. Need Professional Help To Fix Your Credit Score? Please CLICK the LINK for FREE Consultation. https://kreditmd.as.me/schedule.php

This 1 Thing Can Destroy Years of Good Credit...FAST!!! Inquiries play a much larger role in our financial journeys than most of us give them credit for. Yes, it's true inquiries only account for 10% of your total score (that's a total of about 55 points).... But how they work is what confuses most people. It's what most people disregard...and it's what holds most of us with decent scores back from getting the funding that we so desperately need. What banks look for is that you should not have more than 2 inquiries per bureau in the last 6 months. Are you ready...its storytime with J. You have a current score of 720 when applying for a new card, auto loan, or business loanYOU GET DENIED ! WHY?! You have too many recent inquiries. But then guess what happens! Here's the part the jacks ALL of us up! What do you do when you get denied? You go apply for another similar type of funding with another bank or lending institution AND GET DENIED! At this point, you've gone from maybe 7 or 8 total inquiries to about 15 to 20 total inquiries! AND YOU STILL HAVE YET TO GET THE FUNDING YOU NEED! Now the banks see you as desperate. You are now considered a high risk! You have two options at this point; you can keep trying and racking up more and more inquiries. or You can chill out for 2 FULL YEARS and wait for these to drop off after they've run through the statute of limitations. THAT'S RIGHT! Inquiries do not come off your credit report on their own until two years have expired since they were generated. We're not done yet... A few days go by and you get an alert from your score monitoring app. You open up the app and see that your scores have dropped up to 50 points simply because these inquiries are on your report. You've gone from a desirable 720 to below 680! NOW YOU'RE DEFEATED! You've lost all leverage and credibility that you had from the very beginning simply because you didn't follow 1 step that would have taken maybe a couple hours to put you in a prime position to get everything taken care of on the first try REWIND! You found this ad and followed through to get my 24-hour inquiry deletion script. You called all three bureaus and had them removed five out of those seven or eight total inquiries that you had in the very beginning. You went to the bank with your 720 score and got approved! If this sounds like you or your scenario is similar to this, click the link below to download our free 24-hour inquiry deletion script. J. "You Can Do This" Woodfin Kredit MD https://kreditmd.com/24hourinquirydeletionscriptrequest

A section on your credit report is reserved for public records. These are entries that are also on file with a local, county, state, or Federal court. After a serious delinquency, your creditor may take legal action against you. If the court finds in favor of the creditor, the action will become a matter of public record, and in some cases, the action will find it's way to your credit report. Which Public Records Appear On Credit Reports?... Public records that can appear on your credit report include bankruptcy, judgment, or a tax lien. In some states, foreclosure and repossession are also public records. These entries are also the worst types of entries to appear on your credit report because they show a serious delinquency. Credit Reporting Time Limit for Public Records Most public records can remain on your credit report for seven years. Chapter 7 bankruptcy, however, can stay on your credit report for up to 10 years. In California, tax liens can stay on your credit report up to 10 years from the date the lien was filed. Unpaid tax liens, in some cases, may stay on your credit report for up to 15 years. Removing Public Records From Your Credit Report If a public record is on your credit report in error, you can use the credit report dispute process to have it removed. Judgments If a judgment was filed in error, for example, you weren't properly served, you may be able to have the judgment vacated. It's best to speak to an attorney if you believe a judgment was filed against you in error. Tax Liens You may be able to have a tax lien removed from your credit report by first paying the tax lien and then requesting the revenue department - whether it's the IRS or your state revenue department - to release the lien. Need Professional Help To Fix Your Credit Score? Please CLICK the LINK for FREE Consultation. https://kreditmd.as.me/schedule.php

A charge off is an accounting term. It just means that the company has charged it off their books and deem the account unable to be collected. The company still wants their money. The company wants their money and the have a legal right to assign and/or sell the debt to a 3rd party collection entity. That entity then has the legal right to collect. I'm tired of seeing posts saying if a debt is charged off, they received a tax credit and therefore they can't collect or se...ll it. If consumers actually ready a credit card / loan agreement it's all right there. Now there are some cases, when a creditor does write a debt off and they send out a 1099 and that's the end of the story. It's not the norm, but it does happen.