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Tag: credit repair specialist

If you’re struggling with bad credit, you may feel desperate to turn your situation around. Bad credit can severely limit the opportunities and financial choices available to people, so it’s no wonder that many people turn to credit repair services in their search for relief. However, as countless testimonials from scammed consumers indicate, it’s important to exercise caution when seeking a solution for your poor credit ratings. More often than not, it pays off to think twice about any company claiming they can drastically improve your score overnight or guarantee success regardless of the current state of your affairs. In this blog post, we’ll discuss how these scams work and provide valuable advice on how you can protect yourself against these predators who are after nothing but empty promises and money.

Do Your Research

When considering credit repair services, it is essential to research the company and make sure you’re working with a trustworthy provider. Checking the company’s Better Business Bureau rating, reading reviews online, and referral sources are all great strategies for making sure you have a reliable credit repair partner.

Also, be aware of potential scams that can come in the form of upfront fees. If a credit repair business asks for money upfront, it should raise some serious red flags about its trustworthiness and commitment to quality credit repair service. Ultimately, the research you put into finding a credit repair company will help ensure that your credit score improves in the most efficient and secure way possible.

There Are No Guarantees

There Are No Guarantees

While credit repair services can be a great way to help improve credit scores and stay on top of credit reports, you should always exercise caution when utilizing them. Unfortunately, there are numerous credit repair scams out there that promise to erase credit history or boost credit scores with a “special relationship” with credit bureaus. Such claims are too good to be true.

Legitimate credit repair companies can help review credit history and dispute inaccurate information, but it is impossible for any company to guarantee success, as improving credit is an ongoing process. Therefore, you should thoroughly research any credit repair service before signing up for their services in order to ensure that you won’t get scammed.

Beware of Credit Repair Services Hidden Costs

Before committing to credit repair services, it is important to watch out for scams and sky-high fees. Be wary of companies that have hidden costs, such as monthly service charges or additional fees for services not discussed upfront. Research credit repair services thoroughly and ensure you completely understand the associated costs before you sign up. Doing your due diligence can help protect you from unexpected expenses and clarify the credit repair process.

Do Not Give Out Personal Information Upfront

Do Not Give Out Personal Information Upfront

Credit repair scams are rampant and, unfortunately, a common occurrence. These scams often try to fool unsuspecting victims by attempting to obtain personal information by posing as a legitimate credit service or government agency with phishing scams.

Many of these deceptive operators even go so far as to impersonate the names and logos of well-known organizations in an attempt to appear credible. It is important to be aware of these credit repair schemes in order to protect your credit score and identity. By doing your research before hiring a credit repair company, you can feel confident that any services you receive are legitimate.

Conclusion

In conclusion, the credit repair industry has its fair share of scams and fraudulent practices that can easily trap unsuspecting consumers. Be aware of these scams and take the necessary precautions to avoid falling victim to them.

Some of the common scams to look out for are advance fee scams, false promises, phishing scams, and impersonation. To protect yourself, it’s crucial to research the company. Be wary of upfront fees, avoid companies that promise to remove accurate information, keep your personal information private, check your credit reports regularly, and report any suspicious activity to the FTC and your state attorney general’s office. By being vigilant and taking the appropriate measures, you can avoid falling prey to these scams and take control of your credit.

THE ASCENT CREDIT REPAIR ADVANTAGE

Credit problems can affect your entire financial picture. If you’re falling behind on a credit card or mortgage payments, you could be negatively affecting other areas of your financial life.

That’s why we’ve developed a full-scale credit repair solution that addresses the problems you currently have and those you may not have anticipated. At ASCENT, we approach your financial landscape with foresight to assure financial recovery and long-term financial stability.

Many of our clients have experienced substantial increases in their credit scores, have modified their home loans, have significantly lowered their monthly mortgage payments and changed their overall credit status in ways they never thought possible. Contact us today.

How to Overcome Poor Credit and Get Your Financial Health Back!

No matter how bad your financial situation is, you can get your financial health back by improving how you handle your money.  Whether you have been affected by foreclosure, credit card debt, student debt, or other financial issues, it’s never too late. You can learn to manage your finances and take control of your life again. Here’s how you can overcome poor credit and regain your financial health!

Develop a New Relationship With Money

Like most people, you are probably struggling with poor credit, and you may have even tried to repair it, but nothing seemed to work. The first key to helping you overcome poor credit is kicking out the old habits and developing a new relationship with money. How can you do that?

Track Your Money!

You should track your money diligently by writing down your expenses. Every dollar you use should be accounted for so you can know how much you spend on wants versus needs.

Take Charge of Your Debts

Managing your debts is another way to help you live a debt-free life and improve your credit score. Consolidate some debts, pay off debts with higher interest, and diligently make payments without fail.

Trim Your Expenses for Financial Health

Spend your money on expenses that help you meet your goals. Trimming expenses from things like subscriptions, cable TV, and opting to eat in rather than eat out help you realize your goal of paying off your debts.

Don’t Take New Loans

Another way to improve your credit score and get your financial health back is by not taking any new loans until after your debts are paid off completely.

Give Your Money Your Attention

Give Your Money Your Attention

Just like any relationship, money relationships need time and attention, especially in the process of budgeting and saving. Attention in budgeting creates financial stability because you get to follow a plan that makes it easier to pay bills on time, which creates a positive impact on your credit score.

When you focus on budgeting your money, you also get to save for major expenses such as home and car. You also get to set something aside for emergencies.

List Practical Steps to Overcoming Bad Credit

You can only get to know what is essential and what’s not when you budget your money. To overcome bad credit, you must take drastic measures such as downsizing your lifestyle.

Here are some practical steps to overcome poor credit:

  1. Check your credit rating from the three major credit bureaus
  2. Consolidate your debts, if need be, to a low-interest loan
  3. Review your expenses and cut back on unnecessary expenses
  4. Use any free cash to pay your debts
  5. Get credit counselors with low fees to advise you on how you can clear your debts and maintain your finances.

Develop Good Money Habits for Financial Health

To develop good money habits, steer clear of bad money habits like living above your means, impulse buying, and racking up credit card debts. Create long-term and short-term goals to manage your finances effectively. You may need to break long-term goals into smaller goals so that you can see the steps you are making and be motivated.

Remember, good money habits that help you get your financial health back include planning, saving, paying off debts, and living below your means when paying off your loans, and living within your means once you are debt free.

Developing good money habits may include paying bills on time. And if budgeting seems a bit hectic, you can get started with an online budgeting tool to help you track where your money goes and how much you have left at the end of each month.

Express Gratitude for Where You're at Right Now

Express Gratitude for Where You’re at Right Now

Repairing poor credit is not easy; it requires your commitment to repair and rebuild your credit history. Once you achieve your goals and financial health, you should be proud of all the strides you have taken to achieve this.

How can you express gratitude for where you are right now? Well, ensuring you don’t slide back into a financial pitfall is one way to show gratitude.

Are you thinking of buying a home or getting a car loan? Your excellent credit score will enable you to qualify for these loans at a much lower interest rate. Even when you contemplate taking another loan, it is important that you keep up with good spending habits to have excellent financial health.

In Conclusion

Many people want the financial freedom that comes with having good credit but may not know the necessary steps to achieve this. If you still find it hard to repair your credit, financial experts like Ascent Network are more than ready to help you achieve financial freedom.

A more positive outlook toward a more financially secure future starts today. Give the Ascent Network a call today at 1-877-871-2400. Ascent Network helps consumers all over the United States and is available locally in Huntington Beach, CA, Coachella Valley, Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Desert Hot Springs, Indian Wells, La Quinta, Indio, and Thousand Palms.

What Does a Credit Repair Specialist Do?

When you have less-than-perfect credit, it can be difficult to get approved for a loan or even a credit card. This is where a credit repair specialist comes in. A credit repair specialist can help remove negative items from your credit report, increase your score and help you get approved for the products and services you need.

They do this by analyzing your credit report and working with the three major credit bureaus to dispute any inaccurate or unfair items on your report. They can also help you create a plan to improve your overall credit health. So, if you’re looking to build or rebuild your credit, a credit repair specialist is a great option to consider.

What Certifications Should a Credit Repair Specialist Have?

When looking for a credit repair specialist, it’s important to make sure that they have the right certifications. The most important certification to look for is the Certified Credit Analyst (CCA) certification from the National Association of Credit Management (NACM).

This certification indicates that the specialist has a deep understanding of credit and credit reporting. They must also keep up with changes in the credit industry in order to provide you with the best possible service. In addition, a credit repair specialist should be licensed and insured. This protects you in case something goes wrong during the repair process.

What Certifications Should a Credit Repair Specialist Have?

What Laws Should a Credit Repair Specialist Know About?

Credit Repair Specialist need to be familiar with many laws and organizations. Understanding how the Federal Trade Commission and the Consumer Financial Protection Bureau can impact their clients as they try to help improve their credit is very important.

The specialist must also be familiar with The Fair Credit Reporting Act, the Credit Repair Organizations Act, the Fair and Accurate Credit Transactions Act, and the Fair Debt Collection Practices Act. The specialist must also be educated in their state’s credit repair laws.

What Will a Credit Repair Specialist Do?

The first step to hiring a credit repair specialist is to contact them. They will gather some information about you and your situation, which will help them determine if they are able to help you or not. If they are able to take on your case, the next step is for them to pull your credit report and credit score.

Once they have this information, they will review the report and determine the best course of action to take in order to improve your score. They will then create a plan that outlines every step of the process. This way you understand exactly what is always going on.

The Repair Process and How It Works

How Does Credit Repair Work?

Once your specialist has created their plan, it’s time to start working on repairing your credit. The first step is disputing any negative items with the individual credit bureaus and verifying the accuracy of all your current information.

Next, they’ll work on removing any negative items from your report. They will also help you establish a good credit history by adding positive items to your report. They’ll do this by paying off any delinquent accounts, which will show creditors that you are able to responsibly pay your bills on time.

Once all these steps have been taken, they can work on increasing your score even further with different strategies.

Does Working with a Credit Repair Specialist Help Your Credit Score?

A credit repair specialist can do a lot for your score, but they cannot raise it without some sort of effort on your end. This is because they are only able to remove negative items from your report and help you improve your history with the different bureaus.

So, while their work will definitely have an impact on your score, you will also have to work on improving it yourself. You can do this by paying your bills on time and in full each month, only applying for credit when you need it and keeping your balances low.

 

What Can I Expect After Hiring a Credit Repair Specialist?

After hiring a credit repair specialist, things should start looking up for your credit within a few months. However, it can take up to six months for your score to increase significantly. During this time, the specialist will continue working on your report to help you continue to improve your score.

Once everything is done and all negative items have been removed from your report, it’s time to work on increasing your score even further. The best way to do this is by paying your bills on time and keeping your credit utilization low. This means never carrying a balance of more than 30% of your available credit.

In addition, it’s a good idea to add some positive items to your reports such as installment loans, mortgages, and other types of accounts with solid repayment histories.

Questions to ask a potential credit repair specialist.

Questions You May Want to Ask a Potential Credit Repair Specialist

What Are Your Fees?
Will My Credit Report Be Pulled?
Can I Do This on My Own?
What Type of Services Do You Offer?
When Should I Expect Results?
How Long Have You Been in Business?

The Bottom Line
While a credit repair specialist can be very beneficial when working to repair your credit, it’s important that you understand what they can and cannot do. While their services are essential in repairing your credit, you will still have to put forth the effort yourself if you want to see lasting results.

A more positive outlook toward a more financially secure future starts today. Give the Ascent Network a call today at 1-877-871-2400. Ascent Network helps consumers all over the United States and is available locally in Huntington Beach, CA, Coachella Valley, Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Desert Hot Springs, Indian Wells, La Quinta, Indio, and Thousand Palms.

 

How to Remove Collections to Improve Your Credit ScoreWhen you fail to honor your debt obligation, your creditor sells your debt to collectors, and the negative information is reported to the three major credit bureaus (Experian, Transunion, and Equifax).

Collections accounts stick to your credit report for seven years from when your account became delinquent, making you look uncreditworthy to potential creditors. Here are some steps to increasing your credit score by removing collections.

How do I get collections off my credit report fast to Improve my credit score?

To get collections off your credit report fast, you must be proactive and check your report thoroughly. Get your free credit report by visiting AnnualCreditReport.com or from the three major credit bureaus. Compare the details against your records. If you don’t have your payment records, log into the account to check your payment history.

To check for negative accounts, go to the credit history and accounts section to find information on missed or late payments. Check the account status to see if it’s paid, charged off, or closed. Check the account number and the date the debt became delinquent. Once armed with these details, you can take the following steps:

1. Dispute collection error

Dispute a collection account if:

A delinquent account falls off your credit report seven years from the date it went delinquent. However, you may still find the account is not closed. File a dispute with the credit bureau, so they can remove the collection report from your account.

If a collection report is incorrect, gather all the documentation to show the collection appears on your report erroneously. Send a dispute with your correct contact information, indicate the mistake with account numbers, and explain how the information is incorrect. The bureau will have 30 days to correct the errors.

Ask for debt validation to improve your credit score

2. Ask for debt validation

The best dispute reason for removing collections is by asking the collection agency to validate the debt. Most often, documents get lost as debts are shuffled from one collection agency to another in an attempt to recover their money. In such scenarios, original documents get lost, and inaccurate details are passed on to debt collection agencies.

You should use this loophole to ask them to verify if the debt belongs to you. They will have to remove collections from your credit report if they can’t validate the debt.

3. Pay collections on time to improve your credit score

When the above steps don’t work, you need to ensure you don’t cause much damage to your credit score. You need to continue paying your debt as you wait for validation from the credit bureau or until you pay your debt fully. You can arrange a payment plan with your creditor and stick to it.

4. Send a goodwill letter

Once a collection account is reported to the three major credit bureaus, the negative information will remain for seven years. Unfortunately, despite having paid your debt fully, some lenders will consider this information when offering you loans. This affects the interest rate because they consider you uncreditworthy and offer you loans with higher interest rates.

Consider writing a goodwill letter, sending it to the collector or creditor, and politely asking them for a goodwill deletion by pointing out that you have fully paid the debt. If the creditor or collection agency agrees, ask for a written agreement that you can present to credit bureaus just in case the agency fails to update them.

How long after paying off collections does credit improve?

Credit score improvement depends on several factors, such as the scoring model used and other items found on your credit report. In fact, paying off your debt can hurt your score at first before you see major improvement. However, you may see some positive changes a month or two after updating the collection account.

Use credit repair companies to improve your credit score

Use credit repair companies

Credit repair companies like Ascent Network are experienced in credit score improvement. They know how to negotiate with creditors to remove collections from your report to improve your credit score.

Credit repair companies get much better results than you would alone. They offer additional information that helps you improve your score even further. Before you choose a credit repair company, ensure they are reputable.

Our bottom line

It is possible to remove collections from your credit report to improve your credit score only if you become proactive, check your credit report, analyze the information, and take the necessary steps. You can also use a reputable credit repair company with the experience to improve your score.

A more positive outlook toward a more financially secure future starts today. Give the Ascent Network a call today at 1-877-871-2400. Ascent Network helps consumers all over the United States and is available locally in Huntington Beach, CA, Coachella Valley, Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Desert Hot Springs, Indian Wells, La Quinta, Indio, and Thousand Palms.

Tag: credit repair specialist

Credit Repair Services Scams: How to Protect Yourself

January 27, 2023

If you’re struggling with bad credit, you may feel desperate to turn your situation around. Bad credit can severely limit the opportunities and financial choices available to people, so it’s no wonder that many people turn to credit repair services in their search for relief. However, as countless testimonials from scammed consumers indicate, it’s important … Continued

Read More

How to Overcome Poor Credit and Get Your Financial Health Back!

October 7, 2022

No matter how bad your financial situation is, you can get your financial health back by improving how you handle your money.  Whether you have been affected by foreclosure, credit card debt, student debt, or other financial issues, it’s never too late. You can learn to manage your finances and take control of your life … Continued

Read More

How Does Credit Repair Work?

September 21, 2022

What Does a Credit Repair Specialist Do? When you have less-than-perfect credit, it can be difficult to get approved for a loan or even a credit card. This is where a credit repair specialist comes in. A credit repair specialist can help remove negative items from your credit report, increase your score and help you … Continued

Read More

How to Remove Collections to Improve Your Credit Score

August 29, 2022

When you fail to honor your debt obligation, your creditor sells your debt to collectors, and the negative information is reported to the three major credit bureaus (Experian, Transunion, and Equifax). Collections accounts stick to your credit report for seven years from when your account became delinquent, making you look uncreditworthy to potential creditors. Here … Continued

Read More

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