The Big 3 Credit Bureaus Disregard Of Consumer Disputes, And What You Can Do About It.
More than half of consumer complaints to the CFBP have been about the big 3 credit bureaus in the past 2 years, according to this Washington Post Article. So much so, that the Washington Post slams the big 3 credit bureaus again just 2 days later discussing why it’s so hard to get errors fixed on credit reports.
Both articles cite this report by the CFPB, detailing the deficiencies in response to consumer complaints and disputes. In the credit repair industry, we are seeing ignored or unanswered disputes, no reinvestigations, or sloppy reinvestigations. This is leaving many consumers and credit repair companies alike, scratching their heads.
Small Business Credit Repair VS Big Business Credit Repair
In this article we are going to discuss the advantages of working with your local small business credit repair company over the big, well known credit repair companies out there.
The Power Of Credit Building On Your Journey Of Credit Restoration (Part 3 Credit Building Options, Installment Accounts)
Installment accounts can be great credit builders. In this article, part 3 of our series on credit building, we discuss installment accounts and how they help you build credit, we also show you many great options you can choose from that have no credit checks! You can even save money for future use with these credit builders.
The Importance Of Credit Monitoring & Stopping Identity Theft
Identity Theft has become a huge issue ruining people’s credit. The COVID-19 pandemic has fueled this issue even more. In this article we discuss the importance of monitoring your credit, how to tell if you are a victim of identity theft, and what you can do to prevent or stop identity theft from happening to you.
The Power Of Credit Building On Your Journey Of Credit Restoration (Part 2 Leveraging Credit Building For Mortgage Approval)
Continuing our series on credit building, in this article we discuss how to leverage credit building to maximize a credit report in order to get mortgage approval. The average denial rate for a mortgage is approximately 16.1% nationwide. Denial reasons vary, but let’s tackle only the credit related reasons. Denial reasons are not limited to […]
New Year, New Opportunities for Partnerships and Endless Possibilities
Partnering with Credit Wellness Solutions allows you to focus on your qualified clientele while they work in the background to get your unqualified clientele credit ready for mortgage lending, often much sooner than the 6 month credit repair program. These clients are then sent back to you ready to go. Sammy, our CEO and Founder published an article that goes into detail how credit reporting errors affect a credit score and how credit repair can step in and be your hero in the trenches. Considering the Fed’s announcement to raise interest rates as many as 3 times in 2022, the first expected within the next couple months; the robust real estate market experienced in recent years could slow dramatically.
A New Year, A New …
Fixing Your Credit is the Best New Year’s Resolution You Can Make
2021 is rapidly coming to a close, and perhaps your yearly New Year’s Resolutions are coming to mind. Like most people you may be thinking about quitting smoking, losing weight, saving more money, or going to church. Maybe your goals for 2022 are a bit more lofty such as, buying a new car, or a new home. Maybe you tried some of these resolutions, some you were able to follow through, others not so much. Other resolutions you may have had circumstances prevent you from achieving your goals. Was your credit score one of the things holding you back in 2021? It’s time to change that!
Why Credit Repair is the Mortgage and Real Estate Industry’s Unsung Hero in the Trenches
Credit Reporting Errors Could Be Costing Your Clients THOUSANDS in Interest and Possibly Approval.
Qualifying for mortgage lending for many consumers, even those with decent credit can be a daunting task. So much goes into the decision process to decide if the consumer is lending ready. Is the consumer credit worthy? How have they handled credit in the past? How are they handling it presently? Do they have the capacity to handle the obligation of repayment over 15-30 years? Lenders justifiably want to see the consumer can handle the biggest financial decision and obligation of their lives. Putting aside obvious indicators such as work history, income, and age; lenders use credit reports from the 3 major credit bureaus (Equifax, Experian, and Trans Union) to make an informed decision on a consumer’s lendability.
