Budget Based Credit Rescoring
Forget Credit Repair Companies! They don't work and they are unethical. They simply make attempts at deleting derogatory information from your credit file without concern if the information is true or not. Many people are finding themselves in situations where they are disapproved for a mortgage loan simply because the statement "consumer disputes" appears on their report. Then you have to find a company like Transformation™ to have those statements deleted so that you can close on your home.
Credit building is fundamental.
"The FTC advises that only time, a conscious effort, and a personal debt repayment plan can improve your credit report."
Federal Trade Commission (FTC)
A strong budget-based approach will boost your credit scores much faster than simply disputing items on your report. When you do dispute derogatory items on your report, your motives should be ethical and your results should be effective. When derogatory items show up on your report that are actually accurate, it will take a budget-based approach to convince the creditor to have the item updated/deleted to reflect your true credit worthiness. Attempting to pretend the debt does not exist or attempting to do it on your own will invariably make the process not only ineffective but more costly.
Most people don't even realize that collections greater than 3 years old aren't even factored into any underwriting considerations at ANY mortgage lender in the country. An unsuccessful dispute can get the "Day of Last Activity" updated and now you have a derogatory collection that is less than 30 days old! In most cases this lowers your credit score. It may actually be BEST to not pay some creditors off at all. That may sound unethical, but if the goal is to obtain a home loan then its just a matter of fact and truth. Once you are in your home, you can arrange to pay those debts in accordance with what your budget can handle.
Budget BasedBuild great credit starting from where you are at the momentNever attempt to do credit disputes without proper guidance (despite what the credit bureau says) because creditors can (and will) update derogatory information at their discretion...and NEVER send a letter to a collection agency or contact them in any way (especially if you can't pay them) unless you know what the impact will be on your credit report. Better yet...Never attempt to do this on your own! It may actually be BEST to not pay some creditors off at all. That may sound unethical, but if the goal is to obtain a home loan then its just a matter of fact and truth. Again, once you are in your home, you can arrange to pay those debts in accordance with what your budget can handle.
Transformation's™ budget-based credit rescoring gets you started on a new path of great credit from right where you are at this moment. Your past credit history doesn't matter. All of your old collections and defaulted accounts don't matter when it comes to improving your score (although they MAY when it comes to being approved for your mortgage). ANYONE can improve their credit rating regardless of their past credit history. Transformation™ will help you affordably satisfy any collections that will disqualify you for loan approval and will show you how to boost your score to the absolute highest it can be for your personal financial profile. We will avoid anything that will threaten your loan approval and fix anything that is necessary for your loan approval. We will get your scores where they need to be for underwriting and your financial profile where it needs to be for approval. We are not a Credit Repair company. We are not a Debt Collection Agency. We are in the business of home ownership!
NOTE: ALL CREDIT COUNSELING RELATED SERVICES ARE PROVIDED BY F.I.T. 4 LIFE DEVELOPMENT (A 501(c)(3) NON-PROFIT ORGANIZATION)