WHAT IS IN YOUR REPORTS WILL RESULT IN WHAT YOU PAY

Compare What Taking Charge of Your Credit Information Can Do For You

Current rates are much lower than this graph*, however this will help you understand how

important it is for you to improve your credit worthiness

If you are paying 6% for a $300,000 mortgage while your neighbor is paying 7%, that

is a difference of nearly $50,000 over a 30-year mortgage.

* check with your lender for rates

Don’t wait 7-10 years. Call the Credit Team today

and begin restoring your credit.

Your credit score will cost you $, or save you $.

NO LAW REQUIRES INACCURATE INFORMATION TO REMAIN ON YOUR CREDIT REPORTS

Recent studies by several ‘Consumer Advocacy Groups’ conclude that up to 70% of consumers have inaccurate information that falsely portrays a negative credit rating.  This results in higher interest rates on loans and insurance and possibility denial of rent and/or employment.

The good news is that federal law allows you to review your reports and request the information be verified.  Credit Team can assist you in this verification process, if appropriate.

ABOUT CREDIT REPORTING AGENCIES

Credit reporting agencies exist to serve the interest of their financial supporters (the creditors) first. They sell information contained in your credit file to potential credit grantors. This information will enable them to determine your ‘credit worthiness.’

There are three major credit reporting agencies: Equifax, Experian and Trans Union. They collect and report credit account information, including negative information relating to late payments, bankruptcies, liens, judgments, collections, etc. Inaccurate information might be entered on your report. Negative and inaccurate information can stay on a report for as long as 7 to 10 years. In the case of collections, agencies often sell and resell the account resulting in those negative entries sometimes remain on your credit reports even longer.