What is a Credit Score?
A credit score depicts your creditworthiness. You may get credit score from 300-850 on the basis of credit history, number of open accounts, repayment history, & other factors. If you have a higher credit score then lenders will evaluate you as a responsible debtor & like to give you loan at a lower interest-rate. Overall, your credit score predicts the possibility of your loan repayment on time.
What affects your Credit Score?
We will help you to dispute negative items in
your payment history.
- SoCal Credit Repairs ensures that you get benefit by removing negative items (at least 25%) from your credit report from us otherwise we will refund 100% of your fee.
- Our experts will help you how to maximize your debt ratio score.
- At SoCal Credit Repairs, we’ll remove questionable negative items from your account. Guide you how to maintain excellent credit score & offer you free credit consultation. We will challenge your creditors so that you can make your credit report error-free.
In addition to starting the credit dispute process with you, what can I do to help raise my credit score?
Follow these tips to raise your credit score:
Check your credit report at least once a year.
Pay your bills on time.
Don’t delay in paying mortgage loan & utility bills.
Manage your credit-utilization ration by 30%.
Use secured & multiple credit cards.
Leave your credit card in the safe locker or drawer at home.
Keep your finances & lines of credit under control.
Try to make your credit report error-free. Above steps can make help you to raise or maintain your good credit score. Also there is the best way that can help you in one-way is to contact SoCal Credit Repairs that offers you the top credit repair services at an affordable price.
How long will certain items remain on my credit file?
Here is the list of how long negative items stay in your credit report:
- Missed & late payments are known as delinquencies. They remain in your credit file for 7 years from the date of delinquency.
- Charge-off is known as when the creditor writes-off your debt following nonpayment. It affects your credit report for 7 years plus 180 days from the date the charge-off was reported to a credit agency.
- Foreclosure is the form of default. You get this when you fail to make timely payments & then the lender takes the ownership of your home. So, it stays for 7 years from the date you missed payment.
- Lawsuit or judgement. Both paid & unpaid civil judgements can affect your credit report for 7 years from the filling date. However, in April 2018, three major credit agencies, Equifax, TransUnion, and Experian had removed all the judgements from credit reports.
- Bankruptcy can remain in your credit file from 7 to 10 years. However, chapter 7, 11, & 12 will remain in credit report for 10 years & chapter 13 will be for 7 years from the filling date.
- Tax liens used to be part of your credit report for 7 years from the filling date. However, by April 2018, all three major credit agency had removed from credit report due to inaccurate reporting.