Your Credit Score

Can I repair my own credit?

Unfortunately, it’s a whole lot easier to hurt your credit than to fix it, but there is nothing preventing you from learning and taking steps to repair your own credit. We are here to help if you need expert help. The question you will have to ask is, what is the value of your time?

Why Is Credit Repair Important?

Credit repair has always been important. Mortgage, auto and personal lenders have long relied on your three-digit credit scores to determine if you are creditworthy enough to qualify for a loan. Lenders also rely on your credit scores to determine how much interest you'll pay on these loans. But today, lenders aren't the only ones who rely on these scores when making financial judgments. A growing number of employers tap into the credit information of job applicants when making hiring decisions. Those with low credit scores might lose out on their dream jobs. Even auto insurance companies often rely on credit scores when setting policy premiums. It's clear that having a strong credit score is the key to a stress-free life today.

How much would it cost to repair my credit?

Over the years we have seen many different credit situations and concluded that one size does not fit all. Therefore, we have developed three plans that will cater to the wide spectrum of credit profiles ranging from light to heavy with respect to their derogatory information and recency. After a credit analysis we would be able to tell you what is the cost of your credit repair.  Also your cost will include applicable sales taxes. We apologize for being unable to exempt any person from sales taxes. 

How does my credit impact my mortgage application?

Credit impacts your mortgage eligibility, which may influence your ability to buy a home. Generally, the higher your credit score, the more money lenders will extend to you and at better interest rates. You can still buy a home with lower credit, but it can be more expensive as the interest rates you pay on the loan could be higher.

What credit do I need to get the best loan/rate?

While lenders vary in what score will pre-qualify you and at what interest rate, our partner company, Rocket Mortgage requires a minimum FICO credit score of 620 for a conventional loan and 580 for an FHA loan. A higher credit score will generally help get you better loan terms and a lower interest rate, which will save you money over time.