What exactly is a credit score?

What exactly is a credit score? Are there different ones? This short video gives you a overview of that and more.

Credit controls our lives, But people do not know how important credit really is until you need it TODAY and then it’s too late. Majority of Credit Repair companies out there you speak to are sales commission only sales people. So they typically tell you what you want to hear to get your money.
While there is nothing you cannot do that a credit repair company can do REMEMBER… there is a difference between disputing and getting results.

Having a credit company who understands the underwriting criteria of future lenders and how they look at you is more important than you can possibly realize.

Bad credit, credit repair, repair credit, How to repair credit, fix credit, credit fix, how to fix credit…. No matter how you say it you don’t realize how important credit is until you need something today and then it’s too late.

Texas statute of limitation for being sued on debt

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This is a brief overview of what cannot be done by a debt collector or creditor.

Knowledge is power! While all states are different and have different time frames understand there is no debtors prison ( IRS not included ), NO ONE is going to send you to jail for not paying your credit card bill or car payment. They can’t report your car stolen.

Credit controls our lives, But people do not know how important credit really is until you need it TODAY and then it’s too late. Majority of Credit Repair companies out there you speak to are sales commission only sales people. So they typically tell you what you want to hear to get your money.

While there is nothing you cannot do that a credit repair company can do REMEMBER… there is a difference between disputing and getting results.

Having a credit company who understands the underwriting criteria of future lenders and how they look at you is more important than you can possibly realize.

Bad credit, credit repair, repair credit, How to repair credit, fix credit, credit fix, how to fix credit…. No matter how you say it you don’t realize how important credit is until you need something today and then it’s too late.

Credit Card Balances and Your Credit Score

Why is your credit card balance not correct you ask? Credit controls our lives, But people do not know how important credit really is until you need it TODAY and then it’s too late.

Everyone you read about is a self proclaimed “Credit Expert” (even me), beware of these “experts” making claims that you cannot verify. If they don’t ask you specific questions or quote you a price without seeing your credit file then run!

Having a credit company who understands the underwriting criteria of future lenders and how they look at you is more important than you can possibly realize.

Bad credit, credit repair, repair credit, How to repair credit, fix credit, credit fix, how to fix credit…. No matter how you say it you don’t realize how important credit is until you need something today and then it’s too late.

Understanding Credit & Credit Scores

Dallas Credit Repair Expert Talks Credit Scores

Understanding Credit & Credit Scores

One thing people need to realize that credit is a fluid concept. It is a mathematical equation where creditors and possibly collection agencies are reporting information on your personal consumer credit file. Taking that into account and the possible amount of information that is changing slightly or greatly the results of this will equate to the changing of your credit score, typically on a monthly basis however as new information is added or removed that score can change just like a math equation.

What also confuses people is how it seems every place they go to pull their credit they get a different credit score so which is the real one? The answer is actually a very simple one.

Different lenders place different point values on the same bits of information thus while you will never see the exact same credit score from a car and mortgage lender they typically are not very far off, typical variations range from 10-30 points.

The above does not factor in if the score is from the Vantage score model as that is a topic for another time.

About Wayne the Credit Guy:

With nearly a decade of experience working in the credit industry, Wayne Sanford has personally reviewed more than 11,000 consumer credit files. Sanford is a regular credit advisor for television and radio news programs and frequently contributes to several of the more renowned financial websites on the internet today. Sanford is a licensed and bonded credit company and is Fair Credit Reporting Act certified by the Consumer Data Industry Association.

 

Renters Beware….The Impact of Collections on your Credit

Renters Beware…. it’s the little things that always get you.

What if i told you the dollar amount of a $50 collection and a $500 collection is the same thing?

NEVER co-sign for someone’s apartment or home… ALWAYS give them 60 days WRITTEN NOTICE, get a copy of the managers signature so you have proof.

They have your SS #, you don’t have theirs. They report to the credit bureaus… you do not. What does that mean??? It means you lose unless you have documented proof!

While there is nothing you cannot do that a credit repair company can do REMEMBER… there is a difference between disputing and getting results.

Having a credit company who understands the underwriting criteria of future lenders and how they look at you is more important than you can possibly realize….

Bad credit, credit repair, repair credit, How to repair credit, fix credit, credit fix, how to fix credit…. No matter how you say it you don’t realize how important credit is until you need something today and then it’s too late.