Category: First Time Home Buyers

Credit Repair Services on Steroids!

Credit Repair Services on Steroids!

Tampa StPete Clearwater ERA Credit Services

Credit Repair Services Can Be the Key to Home Ownership

Credit repair works really well. But credit repair alone may not get someone’s credit score to where they need it to be to qualify for a mortgage. The right type and number of positive trade lines is also necessary. Along with the right debt to limit ratios. If you want the job done right the first time, you want other credit repair services!

Most people that are excited about owning a home don’t see past buying a home. They forget about property taxes, maintenance costs, and other expenses that they didn’t have as a renter. A few years down the road the newness of owning a home wears off. Now they get concerned about other things like college expenses and retirement.

Our Credit Repair Services Help You Beyond Just Credit Repair

Credit Score Education – Know exactly what you can do to have the best score possible

Online Budgeting Tool to help you save as much money as you can for the future

Online Debt Payoff System helping you pay down balances and get out of debt faster

Identity Theft Protection – don’t have your score affected by thieves

A Credit Attorney to deal with the Bureaus if needed

Accurate Online Credit Monitoring

Don’t Pay for a Service That Doesn’t Do the Whole Job

Click the box above.
Pick a day and time that works for you.
We’ll need about 30 minutes.
We’ll talk to you about YOUR SITUATION.
We’ll give you reasonable expectations and time frames
Is it worth $89/month for a short term to own that home for the long term?
You’ll have everything you need to make the best decision

ERA Credit Services has been serving clients since 2012. We are proud to say that many of your clients are referred to us by real estate agents, mortgage professionals, bankers, the Chamber of Commerce, and other professionals. We’ve won their trust. Let us win yours!

First Time Home Buyers with a Low Credit Score

First time home buyers with a low credit score can purchase a home. However, it depends on how low the score is. FHA guidelines for first time home buyers allow a credit score as low as 580 with a 3.5% down payment. For those with a lower score the guidelines call for a 10% down payment.

However, even though the FHA has these guidelines lenders don’t typically follow them. They require as high as a 640 credit score to get the 3.5% down payment. The reason lenders require a higher down payment is that the FHA penalizes them for too many bad loans. Therefore lenders are protecting their ability to offer FHA programs long term.

First Time Home Buyers Low Credit Score – Reasons

There’s more than one reason why someone may have a less than 580 credit score. Younger people simply may not have established enough positive credit. They have clean credit report but not enough on the credit report. This person would be wise to use an FHA loan to purchase a home if they have the income.

Some people that have a sub 580 credit score have a lot of negative items. They may have just fallen on bad times in the past. This person should go through the process of repairing their credit. This would increase their score and lower the interest rate on the loan.

However, there is a category of people that need to budget themselves first. Diving into a $200,000, give or take, mortgage when they are struggling to pay bills now is not a good move. They need to stabilize their financial situation before taking on further debt. This is true even if their mortgage payment is less than their rent payment. If you don’t pay your mortgage you can lose your home.

If you fall into any of these 3 categories we can help. We have services to help people build credit, remove negative items from their credit report, and budget themselves and otherwise stabilize their finances.

Call us on the East Coast at (727) 222-0120
Call us on the West Coast at (619) 492-3040
or visit us at www.ERACreditServices.com 

First Time Home Buyers with a Low Credit Score

Do You Need Qualified Clients to Close More Business?

If you’re in a profession or industry such as real estate, mortgage, auto, banking, solar or other situation where you need qualified clients with a good or specific credit score for financing, this article can help you close more business and earn more money.

qualified clients

What Do You Do With Unqualified Clients?

You talk to people on a regular basis that do not have the credit score necessary to qualify to be your client. What do you do with them? We have found that in many cases, professionals in the industries listed above would rather just move on to find someone that can qualify instead of trying to help someone that can’t. If it only took you 10 additional minutes or less to help these people why not do both? In other words, take 10 more minutes to assist your unqualified client to see if they can become qualified in the future, and then move on to find someone that qualifies now.

How do you do that? How can you help someone that can’t qualify due to a low credit score become qualified? By developing a relationship with a trusted credit repair professional that has a stellar track record of helping people raise their scores. All you have to do is say to your unqualified client that you’re getting ready to lose, “I know someone that can potentially help you. Would you like me to give them your information and have them contact you?” That’s it. It’s actually less than 10 minutes of your time.

Upsides and Downsides of Partnering with a Credit Repair Company

What’s the downside? Assuming it’s a reputable credit repair company and they have proven to previously have helped thousands of people, the only downside is that this client isn’t a candidate for credit repair, or the client goes somewhere else to buy your product or service once their score is higher because you didn’t stay in touch with them.

What’s the upside? The credit repair company you chose has a system to keep you informed of the progress of your clients score improvement allowing you to know when to call them back. You, of course, do so and you close a transaction with someone you otherwise would have lost. All for an investment of less than 10 minutes of your time.

We Help You Have More Qualified Clients

When business is good we sometimes lose sight of these type opportunities to build our pipeline of future business. But this is so easy and time efficient it truly is something everyone in a credit related industry should do.

If you are looking for a trusted company with a proven track record and an A+BBB rating visit ERA Credit Services . We work with professionals all over the U.S. helping their unqualified prospects become qualified clients, and helping them close more business.