CREDIT CALCULATION

HOW IS YOUR CREDIT SCORE CALCULATED?

Your credit score is calculated by your payment history, the amount you owe, the length of your credit, what new credit you have applied for, and the mix of credit accounts you have.

PAYMENT HISTORY:

Your bill paying habits are 35% of your credit score. If your late payments are recent, it will lower your score more than if your late payments were in the past. In addition, a 90-day-late indication will severely damage your score over a 30-day mark. Other things like; public records, tax liens, judgments, and bankruptcies fall into the same category and could take your score down even further. So, make sure you are current with the creditors and always pay your bills on time

AMOUNT YOU OWE:

The balance on your accounts is 30% of your available credit score. So, using all of your credit limits will worry lenders and hurt your score. The lower your balance is, the better your score. You want to keep your balances less than 20% of your credit limit. But if you keep your balances at 10% of the credit limit it can help improve your score

LENGTH OF CREDIT HISTORY:

The amount of time you’ve had your credit makes up 15% of your credit score. The age on your accounts is very important to lenders because it shows that you have paid your bills on time. Reliability and longevity are good traits for additional credit, so don’t close old accounts. If you have too many accounts and you want to close a few, close the accounts that are new with low limits.

NEW CREDIT:

New credit makes up 10% of your score. The FICO model looks at how many accounts you’ve applied for lately as well as any fresh accounts you have opened. The model looks at time passed since you requested new credit, and the amount of time since you opened another account. If you open too many accounts in a short period of time, you will look desperate to the lenders, and they don’t like loaning money to needy customers. So, try not to apply for more than two new accounts per year.

MIX TYPE OF CREDIT YOU USE:

This section makes up 10% of your score. FICO wants to see a healthy mix of accounts like a couple of major bank cards, retail store cards, and installment loans like a car, personal, or mortgage loan.

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Gold Plan

$497 Initial Fee and $397 a Month

  • $10,000 APPLICATION for TRADELINE.
  • COMPLIANCE CREDIT SWEEP.
  • CHALLENGE BUREAUS.
  • CHALLENGE FURNISHERS.
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  • CEASE & DESIST LETTER.
  • 24/7 CLIENT PORTAL ACCESS.
  • ASK ABOUT OUR PAY PER DELETION OPTION.
  • ATTACK CREDIT BUREAUS E-OSCAR SYSTEM.
  • METRO 2 COMPLIANCE / CHALLENGE OF 3 BUREAUS.
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    EVICTION, CHILD SUPPORT & MEDICAL.

Silver Plan

$297 Initial Fee and $197 a Month

  • BASIC COMPLIANCE CREDIT SWEEP.
  • CHALLENGE BUREAUS.
  • CHALLENGE CREDITORS.
  • CHALLENGE FURNISHERS.
  • UNLIMITED INQUIRIES CHALLENGE.
  • ATTACK CREDIT BUREAUS E-OSCAR SYSTEM.
  • METRO 2 COMPLIANCE / CHALLENGE OF 3 BUREAUS.
  • CEASE & DESIST LETTER.
  • DEBT SETTLEMENT NEGOTIATIONS AND LETTERS.
  • 24/7 CLIENT PORTAL ACCESS.
  • 30 MINUTE BUDGET COUNSELING CLASS.

Bronze Plan

257$ Initial Fee and $157 a Month

  • YOUR OWN DIY CREDIT REPAIR SOFTWARE.
  • INCLUDING DISPUTE LETTERS TO BUREAUS, CREDITORS & LENDERS.
  • VIDEO TRAINING FOR SOFTWARE AND DISPUTING PROCESS INCLUDED.
  • ASK ABOUT OUR PAY PER DELETION OPTION.
  • 24/7 CLIENT PORTAL.
  • BONUS: HELP WITH READING AND UNDERSTANDING CREDIT REPORTS.
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