The Importance of a Good Credit Score

1. The Importance of a Good Credit Score A poor credit score can quickly become a curse barring you from opportunities in life. We all know that this misfortune can be turned around with a little effort. If you’re in the Phoenix area, the Phoenix AZ Credit Repair Pros is just for you. Importance of a Good Credit Score For decades now, banks, lenders, insurance companies, and even employers have been looking at people’s credit scores to judge their feasibility. A good credit score means you can get a loan to start a business, a mortgage to buy a house, get lower premium. This credit score is calculated based on your credit payments such as mortgage payments, credit card payments, student loans, and other loan payments. If you have been paying these bills timely, your credit score is likely in the good or even excellent range. Generally, a credit score of over 670 is considered healthy, whereas a credit score over 800 is excellent. Anything below 670 is something you need to work on and improve. It can drastically reduce your chances of getting a loan, buying a house, and even getting good deals on insurance premiums. A low credit score is like a downward spiral as it takes away opportunities that are meant to make you financially stable. So it goes without saying that a good credit score is highly important for every adult. What is Credit Repair? Credit repair simply refers to the process of improving credit scores. It typically involves disputing wrong reported information with credit bureau agencies. Many incidents can lead to wrong reports being sent to credit bureaus. For instance, identity theft or credit card theft can result in a poor credit score indirectly because of expenses the person actually didn’t make. This is where credit repair companies like Phoenix AZ Credit Repair Pros come in to represent and work on behalf of the individual to try to remove information from the credit report that may have been mistakenly filed.

2. This process is completely legal federally and in most of the states, except Georgia. The Credit Repair Organizations Act (CROA) defines the rules for credit repair companies, which we follow diligently when helping our clients. How Does Credit Repair Work? Normally, a credit repair company will analyze your credit report, and if there are any wrongly reported or unverifiable entries, they will dispute it with the relevant credit agency. The process can take some days, but if the reported data is, in fact, wrong, it will be removed. It’s best to take these actions within the first 30 days of such a reporting. Otherwise, it can take up to 10 years for the negative report to come off the credit report. More importantly, credit repair also involves consultations on how one can improve their credit score. At Phoenix AZ credit repair, our approach involves not just disputing false reports but also taking positive financial measures to improve the credit score organically. Once the negative report is removed from the record, your credit score will instantly improve. The process of credit repair is very time-consuming and requires experience, which is where our experts come in. Doing such a task on your own may result in errors. Not to mention all the hours you’ll spend making your case. Repair Your Credit Score Today! If you’re looking for credit repair Phoenix AZ, you’ve come to the right place. We are here to help you by analyzing your credit history and finding false data that is reflecting poorly on your credit score. Our Phoenix AZ credit repair agents are at your service. We can also collaborate with you and come up with a plan to improve your credit score. Furthermore, our services also include credit monitoring to dispute wrong negative reports immediately.