Updating Your Credit Report Correctly

The credit repair companies are responsible for cleaning up the major issues on the credit reports. They also tackle disputes, including bankruptcies and repossessions. You should be very keen while selecting the credit repair company because there several illegal but high rated companies. Try to go for the highly rated and affordable credit repair company in the market.

Always understand that the accredited company don’t create a dispute with the credit items of their clients; instead, they prepare suitable arguments to prove their claims.

As you have the authority to ensure the credibility and accuracy of your credit scores, Blue Water credit repair, on your behalf, improves your credit report. The company adopts an effortless and straightforward procedure to help the creditors and raise their credits. If you are considering credit repair, then you must consider Blue Water credit. There are many companies offering improvement in your low credit scores, but they are working only for profit.

You can repair your credits by yourself, but usually, it takes time, so a Blue Water credit is here is to deliver you efficient and faster results through their experienced staff. The company commits professional credit repair and save your hundreds of dollar or more by fixing your credit scores. They forward you the results of your improved credit scores by removing all the inaccurate items from the weak credit report. So invest some cash in Blue Water credit and enjoy their outclass credit repair services.

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Credit: A Glossary of Terms

A person’s credit score is a number used by creditors to gauge the “creditworthiness” of that person. Information from credit reports is subjected to an algorithm that then generates a number from between 300 and 850. These credit reports are, in turn, from credit reporting bureaus, of which three are considered the most influential: Experian, Equifax, and TransUnion. Creditworthiness is determined by the number generated by the algorithm. The higher the number, the more creditworthy that person is. A credit score is broken down as follows:

300-599 – Poor

600-649 – Fair

650-749 – Good

750-850 – Excellent

A credit score is given as a FICO Score, calculated through the Fair Isaac Corporation model, and the Vantage Score, generated by the three reporting agencies. You can have multiple FICO Scores depending on the type of credit you are applying for. Different versions of FICO scores exist for mortgages, auto loans, and credit cards.

You can have a free copy of your credit report from Equifax, Experian, and TransUnion once every year. If you need more or you need an updated one, you can purchase a copy at any time. When you need a Vantage Score from one of these agencies, however, you will have to buy it. There are no free copies for your credit score.

Credit repair is the term used to designate the actions taken to increase a person’s credit score. These processes include pulling credit reports from the three credit bureaus and disputing incorrect information on those reports that may lead to lower credit scores when calculated by banks and other financial institutions.

You will need to see all three credit reports, essentially records of your credit history, from each separate reporting agency. This is because not all financial institutions provide information to these three. Some provide one or two. Some don’t provide any information at all. Your credit reports may list all the same things but because of the discrepancy in reporting, the report from Experian may list very different items from the report generated by TransUnion. These items include bankruptcies, lawsuits, judgments, foreclosures and tax liens. The only way to fix your credit score is to determine what is wrong with your credit reports and file the corresponding disputes and actions.

Credit report disputes are actions taken by yourself or your representative (typically a credit repair company) to correct all inaccurate information listed on your reports. These include incorrect dates of opening and closing accounts, incorrect or unauthorized accounts, and unauthorized hard inquiries. It is critical that you pay close attention to the details since they could be signs that your identity is being stolen.

Getting a secured credit card is a great way to start repairing your credit rating provided they report to credit bureaus. Secured credit cards require a cash deposit and the deposit could be equal to the credit limit essentially making sure that your account balance is positive or zero.

Need to start your credit restoration process? Contact our highly-trained analysts at Blue Water Credit, the top San Francisco credit repair company. Check us out at Blue Water Credit and learn more about how we can help you by scheduling your consultation now.

4 Simple Answers on How To Increase Credit Score Fast: A Guide To a Better Credit Standing

People with low credit scores ask the question “How to increase credit score fast? Before we answer that question, let us understand what credit repair is. It is an act of clearing your bad credit score. We need to keep a good credit score for various reasons. These include applications of car loans, home loans, and other credit purchases. Otherwise, you will have a hard time getting by our day to day life. Here are some useful tips for you to fix your credit score fast

Take a Look at Your Credit Report and Clean it up

The first thing that you need to do is to find out why you have a bad credit score. By law, you are entitled to receive one credit report per year. Go to AnnualCreditReport.com and request for your credit report. There are three major credit reporting companies you can ask your credit report. These are Equifax, TransUnion, and Experian. You do not need to worry about having to pay as you can get your credit report from each of these companies for free every year.

Now you have your credit report. Take a look at it and find out why your credit score is low. Look for accounts that claim you have late payments. If you are certain that the claims are false, then you should start disputing them. The report shows where to send your dispute.

Also, keeping a good credit score is important not only for future credit purchases or loan applications but also when looking for a job. Some employers take a look at your credit history before deciding on hiring you.

Pay Your Balance

One of the aspects that affect your credit is based on how much you owe. Though it is not always about how much you owe, it is how much you owe vs. your credit limit. There is this thing called “credit utilization” – This is the ratio between your credit limit and how much you owe. For example, you have a credit limit of $20,000 and you owe $10,000, then your credit utilization is 50 percent. If you have maxed out your credit limit, then your credit utilization is 100 percent. Remember that the lower credit utilization you have, the better your credit score will be.

Increase Your Credit Limit

Since we are looking for ways on how to increase credit score fast, this method is fast. Increasing your credit limit will affect your credit utilization in a good way. As mentioned above, the lower your credit utilization is, the better your credit score will be. However, increasing your credit limit does not mean you should spend more than you did with your last credit limit. It defeats the purpose of why you increased your credit limit in the first place.

Get Professional Help

Credit repair companies are not only there to help you clean your credit record. They are also consultants who can help you better understand how credit works. They can help you evaluate your credit report and formulate strategies on how to increase credit score fast. Blue Water Credit is a company that can help you with your credit score. With great knowledge about credit, you can count on them to fix and maintain your credit score. Visit https://bluewatercredit.com/ to learn more.