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Nationwide Credit Clearing
Three Common Credit myths
The media, newspapers, tv and the web are full of information, but sadly, most of the information regarding credit happens to be completely innacurate.
Below you will find 3 very common credit myths.
Credit Myth #1: “If I get one credit bureau to remove an item from my credit report, the rest of the bureaus will remove it just as well..Unfortunately, this is not the case. Each of the three bureaus are independent companies. They don’t automatically work together with each other when considering deletion of items on your credit report, the truth is that all 3 of them are competitors of one another. You will have to contact & work with each bureau separately to get any negative, outdated or incorrect items removed from your credit report. All this redundant work is a significant reason so many Americans consider using credit repair companies such as Nationwide Credit Clearing to help them with this lengthy and very complex process.
Credit Myth #2: “Your yearly income or salary plays a role in your credit score.” Believe it or not, the credit scoring models don’t take salary as a consideration in any way. They do not want to discriminate based upon wages or personal income, and because of this, you could have a high paying job, but still have a very poor credit score.
Credit Myth #3: “Including a consumer statement to your credit profile can make a large difference.” Unfortunately this does not make a difference in your credit scoring at all. To be quite honest, the reality is that there’s no point in adding any type of consumer statement mainly because if you’re in a dispute with the way an item is reported, you have the ability to, by law, add a statement. However, if you are able to get the item corrected or removed because of its inaccurate reporting, having that statement would likely reaffirm the fact that it should have ended up there in some way, shape, or form. So, it’s better to just not tell your personal story, because the likelihood of anyone reading it is slim to none.
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
All about your Credit Score
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
What impact do late payments have on your Credit Score?
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.
- IT WILL END UP ON YOUR CREDIT REPORT
- INTEREST RATES WILL BE LIKELY TO RISE
- IT CAN DECREASE YOUR CREDIT SCORE
- YOU WILL END UP PAYING LATE FEES
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/
Own up to your Credit : Good or Bad
We all have made major mistakes either currently or in the past, especially when it’s regarding Money, Credit and Financial well being. Understand how you can set your self on a more effective financial route by owning up to most of your undesirable $$$ mistakes.
No one’s perfect – particularly when you are looking at managing your hard earned dollars. As you may always keep track of your funds, budget intelligently & spend well now, you may have made some significant money errors while you were young. Since having money does not come with an owner’s manual, you may have had lackadaisical spending ways or went wild with credit before you smartened up & began taking money as serious as you need to. Still, those past sins may come directly back to haunt you .. by way of creditors or really low credit scores. Your best bet would be to face money concerns head-on & compensate for those missteps before you can move on to more positive spending patterns in the future.
While confronting financial mistakes from your past, it is easy to turn a blind eye and hope they simply go away. However when you must pay back money or go into default on loans, not just are those creditors still looking to get paid, it will probably affect your long-term ability to secure funding & have what we like to call, Financial Freedom, in the near future. Rather, gather up all of your statements and read through them with a microscope to give you a general picture of which mistakes you’ve created & which can be easily rectified with a little bit of knowledge as well as hard work.
Understanding your credit is crucial.
So is a great score.
Get your credit report & Consultation NOW. Why wait? Call Today!
Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
Credit Card Fraud
Credit card fraud can be a critical matter. For victims, it can be a frightening experience. Nobody wants to live their life on edge, but it always seems that credit card theft could happen at some really unexpected times. Although there is no guarantee that anybody is free from becoming a VICTIM OF IDENTITY THEFT, there are certain things that can be done to decrease your chances of you falling victim to credit fraud.
- Check ATMs and gas pumps for loose parts or suspicious keypads. If you discover something suspicious, you need to inform the service station or bank, and transact your business at a different store or location.
- Check your credit card statements for strange charges. CHECKING YOUR CREDIT REPORT on a regular basis can allow you to react much better to fraud or identity theft.
- Be careful when opening the Internet in public. Unlike home or office WiFi networks, there’s a large # of WiFi spots that don’t encrypt the info being transmitted through them. Your email, credit cards, and even bank account, information could be fair game for a cyberpunk with the proper skills. Never share private information with a stranger on social media sites and then try to limit the private information you share with your friends.
- Don’t carry information in your wallet or purse that you don’t need. Birth certificates, Social Security cards, PIN numbers and passwords can be easily stolen. Identity thieves could be gone before you become aware of any missing information.
- Shred documents with personal information before you throw them away. Identity theft crimes are usually thought of as being high-tech in general. There are still identity thieves who do not mind foraging through a dumpster for valuable information.
Think You May Be a Victim of Fraud?
IF YOU SUSPECT you are a victim of identity theft, you might consider adding a 90-day fraud alert to your credit report. A fraud alert warns lenders that you may be a victim so they can take additional steps to verify your identity before approving a loan application. Immediately inform creditors when you suspect or have proof of fraud. Take time to document every contact. Be sure you thoroughly comprehend the process of reporting fraud & what’s expected of yourself as well as the creditor.
Preventing credit card fraud takes a conscious effort. Protecting your credit card information begins with you.
If you or someone you know has been a victim of identity theft or credit card fraud, Nationwide Credit Clearing can help.
Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
Credit Card Fraud
Credit card fraud is a serious matter. For victims, it can be a frightening experience. While no one wants to live a life looking over their shoulder, credit card theft can happen at the most unexpected times. While there is no guarantee that anyone is exempt from becoming a VICTIM OF IDENTITY THEFT, there are certain things you can do to decrease your chances of falling victim to credit fraud.
**Check ATMs and gas pumps for loose partsparts or suspicious keypads. If you find something suspicious, you should inform the gas station or bank, and transact your business at another machine.
**Check your credit card statements for unusual charges. CHECKING YOUR CREDIT REPORT on a regular basis can help you react quicker to fraud or identity theft.
**Be careful when accessing the Internet in public venues. Unlike home or office WiFi networks, there are a large number of WiFi spots that do not encrypt the data being transmitted through them. Your email, bank account, and credit card information could be fair game for a hacker with the right skills. Never share personal information with a stranger on social media sites and try to limit the personal information you share with your friends.
**Don’t carry information in your wallet or purse that you do not need. Birth certificates, Social Security cards, PIN numbers and passwords can be easily stolen. Identity thieves can be long gone before you become aware of any missing information.
**Shred documents with personal information before you throw them away. Identity theft crimes are usually thought of as being high-tech in nature. There are still identity thieves who do not mind foraging through a dumpster for valuable information.
Think You May Be a Victim of Fraud?
IF YOU suspect you are a victim of identity theft or fraud, you may want to consider adding a 90-day fraud alert to your credit report. A fraud alert warns lenders that you may be a victim so they can take additional steps to verify your identity before approving a loan application. Immediately inform creditors when you suspect or have proof of fraud. Take time to document every contact. Make sure you thoroughly understand the process of reporting fraud and what is expected of both you and the creditor.
Preventing credit card fraud takes awareness and effort. Protecting your personal and credit card information is probably one of the most important steps you could take to prevent Credit Card Fraud.
For more information or if you have been a victim of Credit Card Fraud, Contact Nationwide Credit Clearing
X-5 Credit Repair System
New X5 Credit Repair is the newest software that has been rolled out by Nationwide Credit Clearing. This software is the most cutting edge on the market today. once you become a client, you will be able to login to your account online to view the status as well as send email updates frequently regarding the status of your deleted items.
Along with that, everytime your file is updated, you will receive a text message regarding the changes.
On another note, if you just happen to be a mortgage broker and you refer a client to Nationwide Credit, you will automatically become an agent so you can check on the status of potential clients credit reports and deletions.
Remember, Nationwide Credit Clearing is the #1 Credit Repair company in the industry, providing you with the ultimate in credit repair technology… contact us today for your 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
Credit Repair Results – A Case Study
Nationwide Credit Clearing has been in the credit repair business for 28 years and we have helped thousands of people eliminate deragatory items from their credit report. We handle all of the work for the clients from start to finish. We give the client a free credit report consultation on day one. For us. however, It’s not just about signing up clients- we want to help them reach their goals. We Care! This is how much we care….
Here is an example of a client we have been working with more recently, and you can see by the data below… WE GET OUR CLIENTS RESULTS…
EQUIFAX: Score increase 26 Points from 720 to 746
Before:
After:
TRANSUNION: Score increase 42 Points from 685 to 727
Before:
After:
EXPERIAN: Score increase 89 Points from 667 to 756
Before:
After:
As you can see, we take your credit matters personally, and if we don’t get you results, we are not satisfied. If your new years resolution involves managing your money or increasing your credit score so that you can ultimately live a more fullfilling life, then you came to the right place.
What are you waiting for? Click HERE to get your FREE (no credit card required) 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
The Twelve Days of Credit
The Twelve Days of Credit: A guide to unanswered questions about your Credit Report and History….
1. Did you know an FTC study found that about 25 Percent of Credit Reports could contain errors?
2. Some credit scoring models essentially count multiple hard inquiries, as one. As long as both loans are for the same type – ie auto or mortgage – and within a short period of time.
3. Loans you have co-signed for could appear on your credit report the same as your other accounts do. If you are thinking of co-signing, consider your own credit score as well.
4. If you are concerned about Identity Theft, a Fraud alert could make it more difficult for someone to open a new account in your name.
5. Make sure to track your Credit Utilization Rate. Try keeping your Credit Card Utilization Rate below 30%. Higher utilization rates could negatively affect your overall Credit Score
6. Lenders could close your accounts due to inactivity. To keep your current credit accounts active, try to use them regularly for at least small purchase. Of Course you should never forget to pay your bills!
7. Adverse Accounts are accounts in which information may lead potential creditors to view you as a risk. Account information includes name, address and phone number of creditor, your account number, current balance and highest balance, account limit, account status, account type and the date you opened the account. The report lists how much money is past due and how many times the account a payment has been made 30/60/90 days late. Bankruptcies, liens, foreclosures and judgments will be listed in this section.
8. Debt Validation is a consumer’s right to challenge a debt and/or receive written verification of a debt from a debt collector.
9. If you are considering using Credit Cards to earn cash back or rewards points this
Season, be sure to read the fine print. Some cards require you to enroll in rotating categories or have other limits on rewards. Always check and ask your credit card issuer for specific Details.
10. Most bankruptcies filed in the Unites States are either Chapter 7 or Chapter 13 cases.
So what is The Difference?
• Chapter 7 is a liquidation bankruptcy designed to wipe out your general unsecured debts such as credit cards and medical bills. To qualify for Chapter 7 bankruptcy, you must have little or no disposable income.
• Chapter 13 is a reorganization bankruptcy designed for debtors with regular income who can pay back at least a portion of their debts through a repayment plan. If you make too much money to qualify for Chapter 7 bankruptcy, you may have no choice but to file a Chapter 13 case.
11. Late or missed payments Can and Will reduce your overall credit score. Considering enrolling in auto-pay if you are a busy person who tends to be forgetful.
And on the TWELFTH day of Credit …someone brought up Credit Repair….
12. Credit Repair is the easiest and fastest way to increase your overall Credit Score. We work hard to dispute unfavorable or derogatory items that currently exist on your Credit Report. One should consider Credit Repair when looking to buy a new car, a new home, or anything that involves the need to present your personal credit score.
About Nationwide Credit Clearing…
Nationwide Credit Clearing has been in the credit repair business for 28 years. Nationwide Credit is the “high end boutique” of credit repair. We handle all of the work for the clients from start to finish. We give the client a free credit report consultation on day one. For us. however, It’s not just about signing up clients- we want to help them reach their goals. We Care!
Nationwide Credit is the largest credit repair company in Chicago and was told by one of the major credit bureaus six years ago that we were one of the top 3 largest companies in the country. Having such volume going through our company has opened up the doors with the credit bureaus. Two out of the three updated credit reports are sent directly to the Nationwide Credit corporate office.
Now, isn’t it time you checked your current credit score? It’s easy, just Contact us Below:
