While we work on the documents and processes needed to help rebuild your credit. There are some things we need you to do, or not do in some cases!
1. Don’t apply for credit. Each time you do, your score suffers a hit.
2. Don’t co-sign. When you co-sign on someone else’s loan, you’re agreeing to be responsible for it. If that person doesn't pay the bill, your credit score suffers.
3. Pay your bills on time. One past due payment can decrease your score by 100 points. Ouch! If you’ve accidentally missed a payment call the credit card company immediately. If you’re a good customer they will often wave a past-due posting if you ask.
4. Pay credit card balances down to less than 25% of the available credit line. If your credit line is $10,000, never use more than $2,500. Never max out your credit cards, even if you pay them off each month. This quick trick will boost your score.
5. Monitor your credit with a credit monitoring service like PrivacyGuard.com or at the very least, get a free Credit Karma account.
6. Don't over-promise on rapid results, rapid score increases or anything that is not true. Explain to them that bureaus are slow. Scores don't change overnight and the creditors don't report changes to the bureaus immediately. It all takes time.
7. They must forward to you ALL correspondence they receive from the dispute letters that you send. Without this, you are working blind. Credit Monitoring will not show you what is in the letters. They must forward them to you or you cannot do your job. So when you've set a reminder to follow up on a disputed item, check to see if your client has forwarded the response letter they're received. If they haven't, then ask them to provide one so you can respond and continue with the next round.
Together we will get your credit back to where it needs to be to save you money on your future purchases!
If you are not yet working with us, Contact Us today!
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