We compare it to representing yourself in a court of law. You can do it, but it would not be wise. We know how credit agencies, collection agencies and banks work. Our experience and knowledge of credit laws help us get fair results for our clients.
Although we cannot guarantee your credit score will improve, we will do everything we can to fight the credit agencies and clean up your credit report. In almost every case, erroneous negative items were removed from clients’ credit reports, and credit scores increased by 50 to 100 points.
Most clients see positive results within 70 days or less.
This depends on the number and complexity of negative items on your report. Call us at 215.757.2108 for a free quote!
There are three main credit bureaus: Experian, Equifax, and Trans Union. Typically lenders request a trimerge credit report, which contains a score from all three major bureaus. Your middle score is the most important.
EXAMPLE:
Credit Agency |
Score |
| Experian | 720 |
| Equifax | 657 |
| Trans Union | 717
|
In this case, 717 would be the middle score.
These scores represent a composite of the borrower's credit history, employment, ability to save, and so on. The higher your score, the more chance you have of receiving credit with a low interest rate. Credit scores are typically grouped into categories like this.
Category |
Score |
| EXCELLENT | 730-850 |
| GOOD | 680-729 |
| FAIR | 620-679 |
| POOR | 500-619 |
| NO FEDERAL FUNDING | 500 and below |
Note: With the recent credit crunch, these numbers have shifted upward 10-20 points.
For a $216,000 30-year fixed rate mortgage:
| If your FICO score is: |
Your interest rate is: |
...and your monthly payment is |
760-850 |
6.2% |
$1,323 |
700-759 |
6.42% |
$1,354 |
680-699 |
6.6% |
$1,380 |
660-679 |
6.81% |
$1,410 |
640-659 |
7.24% |
$1,473 |
620-639 |
7.79% |
$1,553 |
This demonstrates that you could pay $200 more monthly with Fair credit as compared to Excellent credit. It pays to get credit restoration with BCR Solutions!
If you just want a credit card, you must shop around on your own. Find a bank offering a low interest rate. The lender will use your application to get a copy of your credit report from the credit bureaus. Your application, along with the credit report, will be used to 'score' you. READ MORE...
If you've been thinking about filing bankruptcy, on April 25, 2005, President Bush signed into laws a new version of the bankruptcy laws. These new laws have stricter rules about filing Chapter 7 bankruptcy. CONSIDER DEBT NEGOTIATION SERVICES...
Negative credit is when you do not live up to your contractual obligations, due to, for example... READ MORE...
Yes. We offer both passive and active independent agent opportunities. Please call your BCR Solutions representative at 215.757.2108 for terms and conditions.
