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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
Credit Q & A from Nationwide Credit Clearing
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 Often is My Credit Report Updated?
When it comes to timing and payment of credit cards, information is not updated as frequently as most consumers would like for it to be.
Credit report lag is a huge cause of confusion for Consumers. Once you pay off a credit card, it becomes exciting to see the changes this makes on your overall score; however, credit reports are not updated right away, meaning you may not see a change for a little while. Ugh… How disappointing!!
Prior to deciding to freak out and believe something must be incorrect understand that, generally, creditors forward info like balance updates and new accounts to credit reporting agencies monthly, not daily. The primary factor to take into account is not that every financial institution reports to all 3 of the credit bureaus unfortunately. Additionally, each creditor updates their system on different days of the month, so although you may have paid off all of the credit cards on the same day, the latest balances most likely are not going to be reported at the same time.
You should always familiarize yourself with how public records & hard inquiries are reported. When it comes to hard inquiries, like applying for loans, credit bureaus update inquiry information right there and then, which means you can view this info pretty much as soon as it is dispatched. However, when it comes to public records such as bankruptcies, tax liens & judgements, the process is never the same. Even if you have addressed a long standing delinquency, the credit bureaus more than likely will not receive the updated info right away, especially since every court has different conditions when reporting public records.. In general, negative marks usually stay on your credit report for many years, so many times; a quick fix just isn’t possible. Of course it’s not what we want, but it just is what it is.
Since changes do take some time, it is very important for you to remain patient in seeing positive changes. If you can give it a month or maybe even 2 before you expect the changes, this will allow you to keep your sense of sanity.. So just keep that in mind. However, it is always to remain mindful about when you have made pmts or had negative marks eliminated, how many accounts you ought to have open along with the info that all 3 bureaus have on your file. In the event that you notice incorrect or outdated information on your credit report, you’ll be able to file a dispute with the 3 credit bureaus that are reporting the wrong information. If you need help figuring out how to dispute something on your credit report, call Nationwide Credit Clearing.
All in all, nothing will help keep you on top of things like a little bit of patience and diligence. So the next time you check on your credit, keep in mind patience is a virtue!!
On another note, if you have not even checked your credit report due to you being afraid to see what is on there, it’s not doing you due diligence. This is where Nationwide Credit Clearing comes in. Nationwide Credit Clearing has over 20 years of experience repairing credit of all types. We have helped thousands of people improve their credit score by removing inaccurate, misleading or unverifiable information. We deleted over 25,000 items last year alone.
So don’t be afraid, there is no time like the present. Give us a shout here at Nationwide Credit. 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
Lower credit score?
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…
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/
Department Stores Credit Cards. Good or Bad Idea?
This video explains why it’s important not to be fooled by department store discounts given to people just for opening up a new card. Todd Stern, founder of Nationwide Credit Clearing, explains “I do not advise people opening several credit cards just to get discounts”
Tips: if you do ask them if you can charge it on your main credit card which they WILL SAY YES.
Then wait a few days and call to cancel.
How to Score:
Get your 10% and be done. You don’t want to have several open credit cards it leads to nothing but confusion and possible late payments.
The Bottom Line:
Too many open cards will decrease your credit score and increase your debt.
Already have too many?
Contact Nationwide Credit Clearing for your free credit report and consultation 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
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
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
