Credit Restoration Now - Pays Off Later Credit Repair Rescue offers credit repair services across the Nation. Our credit repair services are available to millions of Americans who find themselves unable to get out from under debt or bad credit. | Who Needs Credit Repair?
In today's financial climate, almost anyone can use a boost in his or her credit score. When you, like many, are in the market for a mortgage, refinance, or other line of credit, the rate you will pay and the loan amount for which you can qualify can improve when you raise your credit score. In many cases, you may not even qualify until you've resolved certain items reported on your credit report. Many today find they are faced with rapidly rising adjustable rate loans or balloon payments. You may be one of them and concerned that you won't qualify for a lower, fixed rate loan. | What is Credit Repair?
"Credit repair" is a general term often used to describe a systematic process or rehabilitating an individual's creditworthiness or financial credit reputation. The process is generally initiated by obtaining copies of the individual's credit report, reviewing the credit report for errors, omissions, and misleading information, and requesting corrections to such information by means of a formal dispute. Many laws, regulations, and practices govern this process, and many organizations exist that will assist in guiding individuals through this sometimes complex process. | Contact us in Miami, Florida, or e-mail us for
details about how credit restoration can specifically work for you. Office: (305) 400-2553 and Fax: (786) 955-8852 | How Are Scores Calculated?
Your credit report is the basis of your FICO® score. The report details your credit history as it has been reported to the credit-reporting agency by lenders who have extended credit to you, by court records, and by you. The FICO score analyzes information from the trade line, inquiry, public record and collection sections of your credit report. A FICO score evaluates five main categories of information in your credit report, and compares this information to the patterns in hundreds of thousands of past credit reports. | FICO® Scoring Criteria:
1. Payment history—What is your track record?
• 35% of the score
• Frenquency and severity of payment delinquincies
2. Amounts owed—How much is too much?
• 30% of the score
• Large outstanding balances & their ratios to credit limits
3. Length of credit history—How established is yours?
• 15% of the score
• Age of the trade lines
4. New credit—Are you taking on more debt?
• 10% of the score
• Number of inquiries and new account openings
5. Types of Credit in Use--Is it a healthy mix?
• 10% of the score
• Number of trade lines reported for each type | 
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| The Credit Repair Rescue’s goal is to help our clients achieve the best credit score they possibly can. Credit Repair Rescue will do all we legally can to repair your credit score so that you may enjoy your life and take advantage of your financial planning. You will come and meet with us for a personal and confidential appointment in our private offices in Miami Dade, Florida.
Credit Repair Rescue will analyze your credit situation with you and help you to better understand its meaning. We will help define for you what your credit report means, not only to you, but also to: - mortgage companies
- credit card companies
- insurance companies and
- 100’s of other creditors
Credit Repair Rescue can assist in taking the burden of poor or bad credit off your shoulders and help you get lower mortgage interest rates, and the lower insurance premiums that you deserve. It is imperative that we understand your credit situation so that we can improve your bad credit score as quickly as possible. We will carefully examine your credit reports and learn about the different issues and personal circumstances which may exist. At the end of your credit and financial planning analysis, we will have determined if there is a need for our debt settlement or credit repair services. If we can help, we will immediately develop a strategy on how best to attack your personal credit situation and to repair your credit and improve your finances with Miami’s top credit repair, debt settlement, financial planning, and mortgage companies.
Seasoned Trade Lines
A seasoned trade line is a line of credit that the borrower has held open in good standing for a long period of time, typically at least two years. A controversial practice involving seasoned trade lines, sometimes called piggybacking, uses a creditworthy borrower's accounts to improve the credit rating of an unrelated third party. The creditworthy borrower adds the third party as an authorized user of his lines of credit, but does not actually provide the third party with materials (credit cards or account numbers) that would permit the third party to make charges against that account. The benefit to the third party is an improvement in their personal credit rating--they now appear to have a long and favorable credit history and their credit score increases. This makes the third party look like a better credit risk, and improves the third party's access to new credit. |
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