Category: Credit Report

The Best Credit Repair Company in the Country… Is Right In Your City!

Searching the internet for the best credit repair company is a daunting task especially when you then have to call each one to find out how they work, how much they charge, and if they are right for you. In addition, you may not want to work with a company that is outside your area. For instance, if you live in San Diego County wouldn’t it be better to work with a credit repair company in San Diego? Or, Baltimore, the Bronx, Las Vegas, San Antonio, Austin, Tampa, and dozens of other locations. best credit repair company

Key Considerations When Choosing A Credit Repair Company

Geography

You want to find the best credit repair company and you want to find a local company. You can have both. We have Agents in all areas of the United States. Currently we have approximately 5,000 Agents located in all 50 states. Contact us for an Agent in your area.

Track Record

A bit of advice… do not work with a one man or woman operation. I have heard far too many stories of people paying their money and then not being able to contact that person because they went out of business, moved, or something else. Work with an established company that has a track record of being in the business and gaining success for their clients.

Guarantee vs. Promises

Do not listen to promises only pay attention to guarantees that you can see on the company website or in writing. Verbal promises are made by people all the time. They are worth nothing. We offer a Satisfaction Guarantee. If you are not completely satisfied with our service we will refund all or part of your money depending on the number of items we did successfully remove.

Pricing

This is a big point of emphasis in choosing the best credit repair company whether it be in San Diego or any other city in the country. There are 3 pricing models typically used in this industry.

Monthly fees

Some companies charge a set up fee and then a monthly fee until they have performed the work of deleting items from your credit report. Ask yourself this question. Do you think they are motivated to remove your items as quickly as possible or do you think they are motivated to take their time so they can collect more fees from you? People call us nearly every day and tell us they have been paying fees to a company for over a year, perhaps two years and still don’t have the results they are looking for.

Pay Per Deletion

Other companies only charge you once they have removed items from your credit report. Actually, in most cases they do charge an initial fee as well to give you an estimate of the charges once they have pulled your credit reports before you sign up for their service. This may sound good but they typically charge between $25 per item up to $500 per item. The range in fees per item depends on the type of item it is. As an example, an old cable bill might be $25. But a foreclosure or bankruptcy would be $500 per item. Now here’s the kicker and is what you need to be aware of. The charges are per item per credit bureau. So, you actually get charged $75 per item up to $1,500 per item. This pricing method can cost you $2,000, $3,000 and up to $5,000.

The Way We Do It – The Best Credit Repair Company in San Diego and the Country

We charge a one time activation fee of just $188 and then only $89/month. It includes all 3 credit bureaus, as many items as are on your reports, regardless of the type of item it is (cable bill vs. foreclosure).  We provide you with online reporting. You can log in and see the activity on your account 24/7. We send the dispute letters to you for your review so you’ll see that we are working on every item you have right away. We also provide you with othe critical services to increase, monitor and protect your score.

We provide the fastest, most effective results in the industry.

Keeping You Informed

When talking with a credit repair company ask them how they keep you informed of what they are doing for you and the progress of removing derogatory items from your report. If they have no way to keep you updated don’t work with them. We upload a list of all your items that we are working on for you to a password protected web page. You can log into this web page 24/7 and see what’s happening on your account.

This short video will tell you about all about our credit repair company and credit repair service.
Call us today at 619-492-3040 to find out more. Or, text the keyword ERACredit to 71441.

How is a Credit Score Calculated?

People often ask how their credit score is calculated and why they have a different credit score from each of the 3 credit bureaus (Experian, Equifax and Transunion).

Nearly everyone has heard the term FICO and believe there to be just one way a FICO score, or credit score is calculated. That’s not true. The company that came up with the FICO scoring method (Fair Isaac Corporation) has actually released several versions of the scoring model. And, other models exist such as the VantageScore model. Then of course, just to complicate it even more the 3 credit bureaus use variations of each.

credit score

On top of that you must realize that creditors do not report to all 3 credit bureaus in many cases. Why? Because it costs them money to report to the bureaus. This is not a free service offered. Make no mistake. The credit bureaus are billion dollar companies making huge profits on being a receptacle for your information and selling that information to large corporations that want to advertise to you, and need to pull your credit report to evaluate your credit worthiness in order to sell to you. Therefore, a creditor may decide to only report to one or two of the bureaus. This will create even more of a difference of your score from bureau to bureau.

Don’t let all this confuse you. Keep it simple and pay attention to what you can control, and control it well. Here is what really matters regarding your credit score and the weight applied to calculating your credit score.

Payment History- 35% of your credit score

  • Current payment record on car loans, mortgages, installment loans, retail accounts, credit cards. What you are looking for is a “paid as agreed” status listed for these accounts on your credit report
  • Public records such as bankruptcies, foreclosures, liens of any kind, judgments, wage garnishments
  • Past due amounts listed
  • Any past delinquencies even if the balance is now current or the account is closed with a zero balance

Payment History Advice

  • Pay your bills on time or even ahead of time. Recent late payments can impact your score dramatically. Paying ahead of schedule can result in lower balances being shown on your report.
  • Get any past due accounts current.
  • Closing accounts with a good history may also impact your score. Think carefully before you close accounts.

Balances Owed- 30% of your credit score

  • The ratio of the balance you owe versus your credit limit on each account and in total will dramatically affect your credit score

Advice on Balances Owed

  • Keep balances owed on credit cards and store accounts low. There is conflicting advice on this but they should never be above 30%.
  • As stated above, if you pay your credit card payments before they are due and pay them in full you’ll be able to show a zero balance each month.
  • Don’t open new accounts just because you can. This can actually lower your score.

Length of Credit History- 15% of your credit score

  • Age of existing accounts
  • Number of recently opened accounts
  • Time since the latest account activity
  • Ratio of new credit versus established credit
  • Re-establishment of new credit following adverse payment problems

Advice on Credit History

  • If you are young and do not have a credit history dating back decades be careful not too open too many accounts quickly. This can be perceived as a risk factor.
  • If you are trying to establish or re-establish a credit history, open an account and use it wisely. Pay it off each month. Then open a second account several months later and do the same. Opening 4 new accounts at once is not a good strategy.
  • Stay away from consumer finance companies if possible. Future creditors know that they lend to consumers with less than perfect credit.

Types of Credit- 10% of your credit score

  • The number and type of accounts you have opened

Advice on Types of Credit

  • Because this accounts for a small percentage of your overall score don’t open accounts just to open accounts. If you have a car loan pay it each month. However, if you have a car that is paid for do not refinance it simply to have a car loan on your credit report.
  • It is good to have a credit card. Do not shy away from opening a secured or unsecured credit card account because you had problems in the past. Open an account and use it only for items you need anyway such as groceries, gas, etc. Then pay it off every month.

New Credit and Credit Inquiries- 10% of your credit score

  • Recently opened accounts versus the number of inquiries by potential creditors
  • Recently opened accounts versus the number of inquiries by potential creditors
  • Time since the inquiries
  • Time since account was opened

Advice on Credit Inquiries

  • The only types of inquiries you need be concerned with as it relates to your credit score are “hard inquiries”. These are inquiries you authorized to be made for the purpose of evaluating you as an applicant for credit.
  • Excessive inquiries in a short time can cause your score to go lower. If you are denied credit by one company do not apply at 5 more companies to see if they will give you credit. This will show up as potentially excessive.
  • When trying to buy a car, dealers may contact several finance companies within a day or two to see if they can find one to give you a loan, or the best deal. This can cause your score to go lower in some scoring models. Others give you a period of days for these type inquiries. Before walking into a dealer to buy a car go to your bank or credit union and see about a loan from them. If you cannot qualify do buy the car. If you can walk into the dealership with financing in place.

Should I Choose a Local Credit Repair Company?

When people have the choice to do business with a local credit repair company or a national company most of the time they would choose to do business locally. There is simply a comfort level doing business locally. Perhaps the thought of being able to find and visit the company should something not go quite right is a compelling reason. And, we would more likely want to help out a business in our own economy. This is no different when choosing a credit repair service and perhaps these reasons are even more compelling.

Credit Repair Process and Concerns

I was in a similar thought process when I was looking for a local credit repair company to refer to some of our accounting clients. I called several of our local San Diego credit repair companies. I found many companies that were one woman or man operations. I made the decision to not do business with these newer credit repair services because I wanted to make sure they were going to be around for a while. I was looking for a credit repair agency with a proven track record.

Local Credit Repair in San Diego local credit repair

There were two or three local companies that did credit repair in San Diego that had a track record but they were very expensive. I was also looking for an affordable service for my clients. Then I started calling national credit repair companies that had a track record but discovered that most of them were expensive as well. And, I didn’t get the comfort level that my clients were going to receive personal attention.

I had a bit of a dilemma on my hands until I found United Credit Education Services. They had everything I was looking for in a credit repair agency. They had a ten year track record, proven results, an A+ Better Business Bureau rating, a very affordable price, and a customer satisfaction guarantee. There was only one problem. They didn’t have a local representative in San Diego.

A New Local Representative in San Diego

Given the need of so many people in need of local credit repair in San Diego, I eventually made the decision to turn over the operations of my accounting business and represent this company to begin offering consumers in San Diego credit repair. The advantage is that I and my customers had a large staff of credit repair experts in the home office to utilize. Yet my clients also have a local representative that will give them the personal attention they need.

My solution to the problem of not finding a local credit repair company in San Diego was to find the best credit repair company and represent them. If you want to find a service in your specific area, yet you want the experience and track record of a larger company, contact us. We’ll look within our network of credit repair Agents and find you someone that will help you.