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Credit Repair Organizations Act

What Is The Credit Repair Organizations Act?

By law, credit repair organizations must give you a copy of the “Consumer Credit File Rights Under State and Federal Law” before you sign a contract. They also must give you a written contract that spells out your rights and obligations. Read these documents before you sign anything. The law contains specific protections for you. For example, a credit repair company cannot: – make false claims about their services – charge you until they have completed the promised services –…

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What Is Credit Denial And What Can You Do About It?

What Is Credit Denial And What Can You Do About It?

Written notice required You must be informed in writing why you were denied a credit card or loan. If the letter you receive doesn’t say why you were denied, it must tell you of your right to be given the specific reasons for denial if you request it. You should always request this information. The reasons they give for rejecting your application must be specific, such as, “Your income is too low,” “You have not been working long enough,” or…

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Tips to Improve your Credit Score

Tips to Improve your Credit Score

Is your credit score bad, so much so that it is blocking you from getting appropriate loans? Though Credit score is just a three digit number it has great importance in today’s business world. Bank and money lenders solely depend on your credit score to judge your financial stability. In simple words the better your credit score the better position you stand in getting any loan. There are many people today who are completely trapped under the burden of huge…

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The True Cost of Bad Credit

The True Cost of Bad Credit

I am often asked the question; What does bad credit cost me?” It is a hard question to answer because of the individual’s circumstances and the fact that lenders are competing fiercely for customers. But I will give it my best shot. Mortgages If you know your credit score you will be in a position to make a pretty good guess at what interest you will be charged on a mortgage. In today’s (March 2006) market, mortgage rates for those…

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Is Your Credit Rating Grating?

Is Your Credit Rating Grating?

Your credit rating is quite an important piece of recorded history. It tells something of your ability to manage financial debt to a possible lender who may have no other way of knowing. You may feel that it is pointless to think about buying your own home if you have a less-than-perfect credit rating. However, in-roads can be made into this problem, and with patience, you could be house-hunting this time next year! Let us suppose you feel that your…

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Improve your credit score

Improve your credit score

What does “Credit Score” mean? A measure of credit risk calculated from a credit report using a standardized formula. Factors that can damage a credit score include late payments, absence of credit references, and unfavorable credit card use. Lenders may use a credit score to determine whether to provide a loan and what rate to charge. Do you know what your credit score is? You won’t know what you need to do to improve your credit score unless you first…

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Bad Credit Credit Cards

Bad Credit Credit Cards – Prepaid, Secured, or Unsecured

Bad credit, credit cards are just like regular credit cards but with much higher interest rates and usually an annual fee, sometimes $50 a year and higher. Bad credit, credit cards can save your credit or make it worse if you are not careful. Bad credit cards with guaranteed approval are available, but usually, these types of bad credit cards charge twice the amount in fees and interest rates. The average consumer needs to be sure they are mentally and…

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Bad Credit Credit Cards

Bad Credit Credit Cards – Build Credit With A Major Credit Card

For the millions of consumers with bad credit and no credit, getting approved for a major credit card takes a lot of effort. Unfortunately, establishing credit is as equally challenging as re-establishing credit. Creditors consider both types of people as risky applicants. Thus, they are less eager to extend a line of credit. However, there are ways to get around this problem. Bad credit credit cards are intended to make it easier for some to obtain credit. The Importance of…

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Credit Restoration

Does Credit Restoration Really Work For Persons with Poor Credit Score?

Does credit repair, also known as credit restoration really work? This is a question which has been asked many times. There are many often conflicting and confusing opinions as to whether credit repair will really work. The truth is this: The truth is that credit repair does not work for everyone. It depends on the truth and accuracy or otherwise of the elements in the credit report. In this regard, it may or may not work for you, depending on…

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Fair Credit Reporting Act

What is the Fair Credit Reporting Act and What you Should Know

The Fair Credit Reporting Act (FCRA) and the recent update to this law called the Fair and Accurate Credit Transactions Act (FACTA) protect consumers against inaccurate information being reported by credit bureaus and the privacy of that information. What does this mean to you? When you make purchases on a credit card, make payments to your accounts, open new bank or credit accounts, borrow money, buy a house or a car, and even fund your education, your financial information is…

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About Us

Reliant credit repair is the leading credit repair company in the industry. Our success relies on guiding our clients through their journey to achieve the lifestyle they deserve.

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