Tag Archives: credit repair

How can you improve your FICO scores?

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When it comes right down to it, how much do you know about your credit score and the way it affects your everyday life? There are lots of factors relative to credit score calculations. So it might be difficult for untrained professionals to figure out:

  • How scores are calculated
  • Why there are three different bureaus and how they differ
  • Whether it is actually possible to proactively deal with your credit scores
  • How long it takes to effectively change your own scores
  • How to restore your credit

Any way you slice it, the entire process is daunting. At Credit Repair by Attorney, we want to educate you about credit so you understand why your scores are where they are and what you can do to improve them.  Our goal is to help you improve your credit score and maintain it. The first step in the process is to learn the process for credit score calculation:

Commonly referred to as a FICO score (Fair Issac CO), your credit score is a summation of complex algorithms. Although the actual formulas are proprietary, as credit repair professionals, we have access to approximate percentages used so we understand what factors into your score:

  • 35% PAYMENT HISTORY. The largest factor in determining your FICO score is your payment history. This is the number of your unpaid bills, statements sent to collection agencies, bankruptcies, foreclosures and the like. Most recent items have the highest impact.
  • 30% OUTSTANDING DEBT. Are your credit cards maxed out? High balances, or balances close to the credit limit can negatively affect your score. Keep balances below 35% of your available credit limit.
  • 15% LENGTH OF CREDIT HISTORY. How long has each account been open? The longer the account has been open, the better.
  • 10% RECENT INQUIRIES. Each time you apply for credit of any kind, an inquiry is recorded on your credit report. Multiple inquiries negatively affect your score.
  • 10% NEW CREDIT. How many current loans do you have out? What is the value of these loans? The longer your credit history, the better.

Three major bureaus supply most American lenders with credit scores. When you apply for credit, calculations do not come directly from your FICO score. Instead, each bureau maintains its own version and has its own name. The major players are:

  1. Equifax is called Beacon
  2. TransUnion is Empirica
  3. Experian is Experian/Fair Issac

Since the calculations are so involved, is it even possible to improve your credit scores? Should you even bother to try?

The good news is: “Yes!” At Credit Repair by Attorney, located in Rancho Cucamonga, California, we serve clients in Los Angeles, Orange, Riverside, San Bernardino and San Diego Counties. Our team of highly qualified and experienced attorneys is ready to provide fast and effective solutions for your bad credit. For a free consultation of your credit situation, call us today @ 909-944-3222.

Credit Repair You Can Count On!

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Whether purchasing a car, applying for a job, buying a house, or renting an apartment, your credit score will be the single most important factor considered. So, cleaning up your credit is no longer optional. It is a necessity. If your credit score is low, you should consider hiring someone who can help you proactively repair your credit.

If you follow the proper procedures, proactive credit repair services can help you reach your home, career and purchasing goals. One way to repair your credit rating is to validate the information reported by the major credit bureaus. It is your right to ensure that the information gathered about you is both accurate and timely.

Inaccurate information and outdated information must be removed. Unfortunately, if you try to take care of this by yourself, you will find that it is a frustrating and difficult process. But fear not…we can help! At Credit Repair by Attorney, we take control of the dispute process and make the process fast, effective and convenient for you.

At Credit Repair by Attorney, we specialize in helping consumers fix their credit scores. We are a premier credit repair service under the direction of attorneys. We understand the laws and know the delay tactics that the credit bureaus use.

We have helped hundreds of consumers repair their credit. Leave this important job to the professionals at Credit Repair by Attorney. We are ready to help you today.

Improve your credit today and qualify for the credit you deserve.

Money-Back Guarantee*–

We will refund money on any credit report item(s) not deleted or amended within 12 months from the day we start your service.

*Refund will be adjusted based on those credit bureaus’ failure to indicate the agreed upon amendment.

Call today: 909-944-3222 for a free consultation about your credit situation.