An extremely detailed report of a person’s credit history, that is prepared by a credit bureau, is what makes up a Credit Report. The report is typically used by a lender in determining a loan applicant’s creditworthiness, including the following:
The information includes how often you make your payments are made on time, how much credit you have, how much credit you are using, and whether a debt or bill collector is collecting on money you owe. It can contain public records such as judgements, liens, collections & bankruptcies that provide insight into your financial status.
How Does A Lender Use A Credit Report?
Lenders will obtain your credit card when you are deciding if they want to loan you money. They will also use it to determine what interest rates they will give you and to determine whether you will be able to meet the terms of the account they are providing. Other kinds of companies such cable, insurance, utilities etc. will always run a check to make sure you will be able to meet the financial terms of the program/service you are requesting. Additionally, an individual or company that is renting you a residential property can check your credit report before renting to you.
Who Makes A Credit Report?
Credit reporting companies, known as credit bureaus or consumer reporting agencies, create credit reports. The major bureaus in the U.S are Experian, Equifax and Transunion. There are also specialty consumer reporting agencies that can report your history of paying bills for a product or service.
How Nationwide Credit Clearing Can Help You
At Nationwide Credit Clearing we professionally assess your individual credit situation by procuring information that allows us to obtain a copy of your credit report. Our staff of professionals will review the information and determine the best method of credit repair to use based on your specific situation. Our long standing reputation working with credit bureaus goes back as far as 1985. NCC works with all three major Credit Bureaus:
If you or someone you know has something on their credit report that continues to hold them back from living a financially full-filling life, it’s time to call the Credit repair experts at Nationwide Credit Clearing
“Home of the Free Credit Report & Consultation”
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com
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Whether you just graduated from college or are moving out on your own, it can be hard to keep track of your personal finances as a young adult. Read through these 6 common financial mistakes and learn how you can avoid them.
1. Not Taking Advantage of Discounts: There is a world of special prices for students and young people out there, from banks to movie theatres – take advantage of them! Do your research beforehand, find out what discounts are available to you. Check out Groupon or Retail Me Not.
2. Misunderstanding Credit Cards: Whether it be cash advances, large balances, late fees, or only playing the minimum balance, credit cards can lead to much more trouble than realized. The fine print and details of credit cards are often times misunderstood by young people. Read into what you are signing up for and ask plenty for questions when you do not understand something.
3. Signing Up For A Rental Or Mortgage That Is Too Expensive: Signing a lease for rent or applying for a mortgage that leaves you with little money to do anything else, will not only leave you at home but put you at risk for debt. You have no cash at hand, so what do you do? Sign up for credit cards to make up the difference in order to enjoy your lifestyle and pay for unexpected costs. Avoid making this mistake, sign up for a lease or mortgage that is within your budget in order to avoid creating debt for yourself.
4. No Rainy Day Fund: Setting aside money for emergencies gives you cushion for unexpected events and helps you avoid adding to your credit card balance. Maybe your car got towed, or you get injured, having a “rainy day” fund keeps you prepared for the most unexpected events. Including a “rainy day” fund as a part of your budget, will eventually help the money add up.
5. Failure To Realize How “Little Things” Add Up: Your daily coffee stops, eating lunch out, or weekly shopping trip of $100, can all add up to thousands of dollars a year. Cutting back can help you save a lot of money for savings, retirement or paying down your debt.
6. No Financial Planning Or Budget: Some young people are tainted by the idea that saving for the future is only for people thinking about retirement. Everyone can benefit from financial saving whether you are planning for retirement, purchasing a home, or traveling around the world. It is also important to budget your daily expenses. Sit down and look at what is left after your wages and fixed expenses. Not knowing how much you have can easily lead to spending more than you can afford. A budget will help you determine what you need to do to pay for your next vacation.
Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com
http://mynationwidecredit.com
In addition to our programs at Nationwide Credit Clearing, there are several free ways to get help with your credit. If you are committed to repairing your credit score in 2016, you won’t want to miss these five free credit repair tools.
Don’t wait! Better Credit is just a click away! Call the experts at Nationwide Credit Clearing. “Home of the Free Credit Report and Consultation”
Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com
http://mynationwidecredit.com
Your Credit History plays a huge role in everything you do in life. From getting a job to applying for loans, your credit score is factored in everywhere. A credit score is a screenshot taken by the 3 major credit bureaus, Experian, TransUnion, and Equifax. This gives lenders the ability to determine whether or not you will be given credit, the total amount of credit you are granted as well as the terms on your loan, (loan amount, interest rate and repayment schedule).
Below you will find information about credit scores as well as some simple steps to keep them high, all which are crucial for you in determining your financial future.
What is a credit score and how is it calculated?
Your credit score is usually a number that ranges between 300 & 850 and it’s used by creditors to determine if you are responsible and worthy of obtaining credit based on many factors. Many of the businesses that you have a credit line or a loan will send reports to these 3 bureaus of credit info such as whether or not you pay bills on time, your total credit amount, and even your credit history going back many years. A credit score is calculated simply from your individual credit history. Someone with a higher credit score, will have the ability to borrow more money. However, when your credit score is low, you may be able to obtain loans, but your interest rates will be much higher. Generally, a score of 700+ is considered GOOD while a score of 600 or below is considered very POOR.
Everyone has the ability and should take the opportunity to get a free credit report from each of the 3 bureaus once per year. All three bureaus offer this to us, but many of us don’t take advantage nor pay attention. It’s important to check your credit score to determine if it’s accurate because your score will be used to determine your financial future.
So How do I increase my credit score?
This is not a quick fix, when trying to increase your credit score, however, you can take steps to repair your score over time.
Here is our advice:
*Payment history is important so always pay your bills on time
*You never want to max out any of your credit cards. In fact, keeping your balance at 30% of your total limit is ideal.
*Don’t apply for new credit unless it’s absolutely necessary.
*Even when you pay off a card, keep it open to increase the length of your credit history
*Pay your high balance cards first, and never just transfer debts among a variety of lenders.
*If you have collections or past due accounts, settle them
*If you find inaccurate items in your credit report, make sure to dispute them.
*Usually, The last 2 years of your credit history are the most valuable
Your Credit Score will affect your life in many ways.. good or bad!
Credit scores are often used in determining prices for home or car loans as well as homeowners insurance. Employers will also check your credit score as part of background checks when making the final decision as to whether to hire you or not. Although it may not seem fair, credit scores have become more prevalent and are now used in nontraditional ways to judge you as a person.
Nevertheless, It’s more important than ever to become educated about Credit Scores.
This leads us to the final question.. When was the last time you checked your credit score?
If it’s been a while, Nationwide credit Clearing can help. We are the leaders in Credit Repair and are here to help you in making your future financial decisions or correcting mistakes you have made in the past.
So what are you waiting for? Call Nationwide credit Clearing today and get started with your free credit report and consultation.
Nationwide Credit Clearing
2336 N Damen
First Floor
Chicago, IL 60647
773-862-7700
877-334-3296
FAX: 773-862-7703
At one time in our lives, we have all made financial decisions, good or bad, that have come to affect our overall credit score. Our Credit Score ends up determining the path of our financial future.
Whether you have bad credit, bankruptcy, delinquencies, derogatory remarks or even wrong information on your credit report, watch some of these videos for your own personal knowledge or to see how Nationwide Credit Clearing can help you.
CHECK YOUR CREDIT REPORT AT LEAST ONCE/YEAR
THERE IS HELP AFTER BANKRUTPCY
HOW TO IMPROVE YOUR CREDIT AND SAVE ON INTEREST PAYMENTS
SIGNING UP FOR CREDIT CARDS AT DEPARTMENT STORES
WHAT IS A CREDIT REPORT?
Nationwide Credit Clearing is the leader in Credit Repair in the United States.
We always have to ask, When was the last time you checked your credit report? If it’s been over a year, this is where Nationwide Credit Clearing can help. Nationwide Credit Clearing has over 20 years of experience repairing credit for thousands of individuals. We have helped so many people improve their credit score by removing inaccurate, misleading or unverifiable information, ultimately changing their lives forever. We deleted over 25,000 items from credit reports in the past year.
There’s no reason to put this off and there certainly is no time like the present. Give us a shout here at Nationwide Credit. After all, We are the home of the free credit report and consultation!!
Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com
How is it that you can actually get a lower credit score when you feel like your spending habits have gotten better? Learn why your credit scores might have dropped since you last checked them by using this informative infographic below:
In summary, here are 5 solid reasons your credit score may have recently dropped:
1. 30 plus days late on payments
2. Credit Card balances exceed 30% total
3. Closing an old account
4. Too many Credit Card Inquiries
5. Identity Theft may have racked up debt without you knowing.
If this seems overwhelming to you, it’s important to call a credit repair company such as Nationwide Credit Clearing
Our Family of Experts is Ready To Get You Back To Healthy Credit
LET US HELP YOU SOLVE YOUR CREDIT TROUBLE (773) 862-7700
Nationwide Credit Clearing, the home of the Free Credit report and Consultation.
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com
CLICK BELOW FOR YOUR…
We all make mistakes, especially regarding our credit and money management. Below you will find some ideas on how to rectify past financial sins you may or may not have made. It’s never too late.
Nobody’s flawless – especially when it comes to money management. There’s a pretty good chance that by now, you have control of your current finances, however, most of us have made some serious mistakes when we were younger. We have never had an owners manual on how to manage money, so chances are you have made some serious mistakes while you were younger or perhaps in college. Those previous mistakes can and will come back to haunt you today in many ways. Nationwide Credit Clearing recommends that you face your money issues head-on as well as make up for those wrong doings before being able to move on in the future..
LOOK WHAT’S GOING ON
When confronted with past financial faults, it’s easy to turn your head and hope that they disappear. But when you must pay back your money or fall behind on loans, creditors are still looking to get a way to get paid. This will definitely affect your ability, long term, to gain new credit and have financial freedom moving forward. Nationwide Credit Clearing recommends that you collect all of your records & go through them thoroughly, to allow yourself to see the bigger picture of which mistakes you have made and which ones can actually be corrected..
DEVISE A PLAN
As soon as you know where your situation stands as of now, it’s a great time to also create a plan to remove incorrect information from your credit report, as well as pay back past creditors. This is not going to be easy, but if it is important to you, we recommend that you make the time. Consider your plan as you would a project given to you at work. Focus on the plan, then look forward to the outcome.
START WITH THE BASICS
We don’t recommend that you use your savings to pay off old debt. Actually, starting with small debts – old credit cards for example – will allow you get rid of some of your smaller mistakes as well as help give you a sense of achievement. Start with the ones you can manage and control. This way, you’ll have leg room and information when it comes to time to repair your credit.
NEVER GIVE UP
Once you make progress on some of your little money issues, it will then be important to take the correct measures. The first thing you can and should do is get an accurate and up to date credit report. Nationwide Credit Clearing offers a service that provides anyone with an absolutely free, no credit card required credit report and consultation. Once we evaluate your current financial situation, we can then move forward and help you with a plan.
In conclusion, Now that you know more about how to rectify past financial sins, there’s no time like the present to get your free credit report and score.
Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com
Making late payments on your, mortgage, credit cards or loans will affect your overall credit health as well as hurt your credit score. Regardless of how late you pay, even one day late will count against you. Generally speaking, if your bills are not paid on or before the due date, this could affect you in the long haul.
Late Payments: How they Affect Your Credit
Banks as well as issuers consider the history of your payments especially after evaluating your overall credit risk & deciding if they should or should not approve you for the loan. A lengthy history of payments (on-time ) demonstrates that you are a reliable & responsible borrower.
However, a lengthy history of late payments will suggest that you are not qualified nor responsible to borrow money from a bank. The inability to be reliable is a huge red flag to banking institutions, and here are just a few things that can easily occur when you pay late.
Making late payments is a habit that could end in more damaging credit actions.
If you neglect an account until it is sent to collections or becomes delinquent, that will play a huge factor in your credit score drop. An account in collections may remain on your credit report for 7 years & cause more damage than a single late payment.
What to Do if You Have Late Payments on your Credit Report
A Simple Solution!
Credit Repair. Credit Repair is the process of identifying, disputing, and monitoring negative information on your credit report. Nationwide Credit Clearing has been helping people all over the US delete negative information from their credit past. Whether you have late payments, medical bills, or even bankruptcy, Nationwide Credit can help you get back to a state of healthy Credit.
Contact Nationwide Credit Clearing for your free credit report and consultation today.
Nationwide Credit Clearing
“HOME OF THE FREE CREDIT REPORT AND CONSULTATION”
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com
http://mynationwidecredit.com/index.php/contact-us/
The answer is: YES
To be quite honest, though, it’s not going to be easy to get a loan if:
Don’t get discouraged because there is a solution. Depending on your personal situation, it may take some work on your part to make your dreams happen, but for piece of mind, even if your credit is bad, the possibility of getting approved for a mortgage is there. You just have to take the correct steps and actions that will allow you to get approved. Below is some interesting information:
GUIDELINES FOR PEOPLE WHO HAVE CREDIT ISSUES BUT ARE TRYING TO GET A MORTGAGE:
If you have recently or in the past been denied for a mortgage, Nationwide Credit Clearing can help. We have been helping people remove negative items from credit reports for over 20 years. If a mortgage broker has a client that cannot get approved, often times they will send their client to Nationwide Credit Clearing, we will take the appropriate actions to help increase their client’s score, and send them right back through the approval process knowing that this time the end result will be different.
Just as well, if you are looking into getting a home loan, but are not in the process because you are afraid you may get denied, you will want to contact Nationwide Credit Clearing initially. We offer absolutely free no obligation credit report and consultations for all new or potential clients.
If you or someone you know is having a hard time getting approved for a home loan, contact us today.
After all, we are ” The home of the free Credit Report and Consultation”
Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com
CLICK BELOW FOR YOUR…
