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Why are Credit Scores so important? |
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Credit Scores directly effect many financial transactions you do, including: buying a home with a mortgage, borrowing money to purchase a car, applying for credit cards, and even applying for a job. Making sure your Credit Score is as high as possible is one of the easiest ways of saving money every month.
Your Credit Score tells a lender very quickly and efficiently how likely you are to default on a loan. The lower the Credit Score, the higher the interest you will have to pay - because the lender has to take on more risk to lend you money based on your past credit history. |
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We Suggest getting your credit score from any reputable Credit Scoring Agency, so you can know and understand your own personal FICO credit rating. Below are just two agencies, (also ones we report to), that you can use to get your own personalized report. |
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Free Credit Report:
Dispute Debt:
- By Phone: 1-800-916-8800
- On-Line: HERE
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Free Credit Report:
Dispute Debt:
- By Phone: 1-800-685-5000
- On-Line: HERE
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We offer a wide variety of collection services and personalized programs to meet your needs. Our programs are designed to improve your cash flow, reduce your collection costs and improve your bottom line.
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 Payment History Tips: |
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Pay your bills on time.
Delinquent payments and collections can have a major negative impact on your FICO® score.
If you have missed payments, get current and stay current.
The longer you pay your bills on time, the better your credit score.
Be aware that paying off a collection account will not remove it from your credit report.
It will stay on your report for seven years.
If you are having trouble making ends meet, contact your creditors or see a legitimate credit counselor.
This won't improve your credit score immediately, but if you can begin to manage your credit and pay on time, your score will get better over time. |
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| Amounts Owed Tips: |
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Keep balances low on credit cards and other “revolving credit”.
High outstanding debt can affect a credit score.
Pay off debt rather than moving it around.
The most effective way to improve your credit score in this area is by paying down your revolving credit. In fact, owing the same amount but having fewer open accounts may lower your score.
Don't close unused credit cards as a short-term strategy to raise your score.
Don't open a number of new credit cards that you don't need, just to increase your available credit.
This approach could backfire and actually lower your credit score. |
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| New Credit Tips: |
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Do your rate shopping for a given loan within a focused period of time.
FICO® scores distinguish between a search for a single loan and a search for many new credit lines, in part by the length of time over which inquiries occur.
Re-establish your credit history if you have had problems.
Opening new accounts responsibly and paying them off on time will raise your credit score in the long term.
Note that it's OK to request and check your own credit report.
This won't affect your score, as long as you order your credit report directly from the credit reporting agency or through an organization authorized to provide credit reports to consumers. |
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Contact us for a personal evaluation 1-800-368-7243 or 1-414-228-0900. |
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