DOES CREDIT REPAIR REALLY WORK? FIND OUT NOW.
Does Credit Repair Really Work?
By now, you have probably seen, “We Fix Credit,” or “I Can Fix Your Credit Fast And Cheap,” or something to do with credit repair online or on a sign on the side of the road, right?
And I’m sure as you sit there and read this blog you are probably wondering if credit repair really works? How much is it? And, how much better your life could be if you had perfect credit, right? The answers are; yes, very affordable, and your life, family, and finances will thank you!
I personally have seen my credit go from the high 500’s to the mid 700’s in less than a year. In fact, it was only about 8 months.
It’s like losing weight, it didn’t take a day to put on the weight and it isn’t going to take a day to take it off either. The same is true with credit repair. It didn’t take a day for it to get in the shape it’s in and it isn’t going to take a day to get it back. Make sense?
Mine was in the 700’s before it plummeted to 588 in what felt like no time at all. It’s crazy. It takes so long to build it up and feel good about it and it takes no time for it to fall and feel horrible about it.
I have a rental property and the tenant was late paying me. And at the time I didn’t have enough to cover my mortgage and the rental property mortgage, so it was late. This happened 3 times and ruined the score that took me so long to build up and feel proud of.
The good news is the late payments I had came off of my credit reports. Yes, they came off. And they can come off yours too. Late payments, repossessions, bankruptcies, collections, and any derogatory item can be taken off of your credit report. How? Good question.
I joined the company United Credit Education Services, better known as FES or Financial Education Services. (I started my own credit repair business, franchise, under them) They are hands down a great company to be a part of and to do business with.
How the negative items come off is by the company leveraging several laws that are in the consumers favor. The main one being the Fair Debt Reporting Act.
You see, the credit bureaus do not want you to know about these laws, because they make more money on people with bad credit than they do good credit. (You can learn all about this, what creates your credit score, and how to repair your credit on your own in my book, Repair Your Credit Like The Pros.
Credit repair companies do work. Some do take longer than others and some are far more expensive than others. But if you sign up with a reputable company, you will get results.
A higher credit score will help you save money, get a better car, and a nicer home. I sold cars for years and I saw many customers with a 29.9% interest rate. To put this in perspective. Let’s say that you are buying a $20,000 car. If your credit score is good and you get an interest rate of 6% your car payment for a 60 mth term will be $387. But, if you have bad credit and your interest rate, for the same car, was 26%, your car payment would be $599. With bad credit, over the life of that loan, you would pay $12,730 more than with good credit.
Can you see how improving your credit is important to your finances? Having a higher credit score can save you a lot of money. It will allow you to purchase a better car with lower payments and without a co-signer. It will allow you to purchase a home in a better community and better school system for your kids. Good credit opens a lot more doors for you.
If you want to learn more about credit and credit repair message me at dannycolefinancial@gmail.com now.
You are Stronger Than Failure,
Danny Cole