Is The Information On My Credit Report Correct?

It has been said that 25 to 30% of the information on most credit reports is not reported correctly. This opens the door for our clients to improve their credit scores. Federal law states that any information at all that is inaccurate or erroneous causes that entire account to be deleted permanently from a consumers credit report. The main problem it that consumers have been left in the dark.  most consumers are not aware, or do not know, how credit works.

I think it would be good for you the consumer to understand a little more as to how credit reporting works and how creditor, credit reporting agencies, and collection companies by reporting wrongful information can cause your credit scores a great loss.

In order for you the consumer to best understand how these people can negatively effect your credit scores, it would be good for you to know that any bad credit you cause to come onto your credit report that becomes a late collection, charge off, repo, foreclosure, or anything other than public reports.  All of these according to the credit reporting agencies should stay on a consumers credit file for 7 years.  this is what they say, not what Credit Help USA says.

Public records, which are judgements, tax liens, and bankruptcies, according to the credit reporting agencies should stay on your record for 10 years.  again, this is not what Credit Help USA says.

What happens is that creditors and credit reporting agencies don’t always seem to play be the rules. Also most creditors sell their bad accounts to collection companies which i can assure you, care less about the rules. Again federal law protects you the consumer.  There are 246 laws and statues that creditors, as well as collection companies, must follow when reporting consumers to the credit reporting agencies.

I can assure all our clients that their credit scores will improve or we will give them their money back. But there are other things that can bring your credit score down, one of these is over spending on revolving accounts. For best and higher credit score it is best for consumers to keep revolving credit balances to 30 to 40% of the credit limit.  This will give the consumer a better credit score.

Be careful no to have too many open accounts as this to can hinder your chances of financing large ticket items in the future. Make every effort to have your home and car paid on time than try not to have more than 4 to 5 open lines of credit. When a creditor is not paid on an account he may opt to sell this bad account to a collection company.

Collection companies think they can change the date of last activity but legally they can not and if they do, credit help usa will be coming to have this correcting which means this on time account will be taken off the credit report. These are many other crazy things that creditors and collection companies may do but we will find them and we are the people that will clean up this wrong.

It may take us 6 months or even 12 months but we will get your credit scores back up. Your first step towards credit success is make up your mind and setup an appointment so we can pull your credit report. Then we will be able to look at what you got and then be able to tell you how much time it will take and how much it will cost.