What is bad credit or a bad credit score?
A bad credit score is generally a score of 580 or under. However, you will find it extremely difficult to have someone qualify you at this score level. Even a 600 score is one that a high number of Lenders will consider too risky to approve.
A Lender uses your credit reports and your credit scores to make assumptions about your credit risk. The lower your credit score, the more risky they feel it is to lend you money, and the higher interest rates they will charge, if they decide on approving your loan request at all. Having a bad credit score means that lenders will consider you to be a high credit risk.
Increasingly, there are a number of other companies that will use your credit history and score to make determinations about you. Landlords, insurance companies, and potential employers, even state licensing associations, may all pull your credit history and review it. Bad credit can be a cause of you being denied an apartment, being charged higher insurance premiums, or even not getting employment or licensed in an industry.
Unfortunately, bad credit can often arise from errors or inaccuracies on your credit report. Many clients of ours have never seen their report, until they were told they had Bad credit and could not be approved. These labels are often times undeserved and a large amount of our clients come in underscored due to not being aware of or understanding of how and what was being listed on their personal credit reports.
Disputing bad credit because of errors or inaccuracy.
Each individual suffers the consequences of having bad credit listing in their credit reports. It is up to each individual to correct the issues on their credit report. The credit bureau will not figure it out for you. Bad credit is a large factor in not only determining the credit risk of an individual, but in providing them with a suited interest rate, resulting in higher expenses for them. Thousands of people who are considered to have bad credit based on the information in their credit reports are in actuality, not a high credit risk. The information in their credit reports is giving lenders an unfair impression, and that is where we come in to correct these issues and provide each person an efficient and effective service to reflect their actual credit worthiness.
The law is on your side. It is clear from numerous studies conducted by the government, that as much as 70% of individuals have inaccuracies and errors listing on their credit reports. This is why they have allowed each person to be able to dispute questionable items in an effort to have them permanently removed, and show a fair depiction of their credit worthiness. CreditUs has helped people like this legally remove thousands of questionable, inaccurate, or obsolete items from their credit reports including late payments, collections, charge offs, judgments and bankruptcies.
Establish Good Credit and Fix Bad Credit
If you allow yourself to be defeated by the system, you will have to wait years to see any of the issues fix themselves. Our approach to producing great results for our clients is to really analyze every issue that is affecting them, and advise them on what can be done and which course is best to take. Every factor counts towards your score. Odds are there are negative items listed on your credit reports that do not belong there. By law, you have the right to dispute these negative items. Any negative listing you feel may be inaccurate, untimely, misleading, incomplete, ambiguous, unverifiable, biased or unclear ("questionable") can be disputed with the credit bureaus. If the item cannot be verified, then it must be removed from your credit report.
Previous clients have seen dramatic results in a few short months because we take a multilateral approach to credit report repair. We don’t discuss just the errors or negatives, we also look at the overall picture and help you prepare you for how to look your best to a lending institution. We educate you on each factor of credit scoring and how making certain critical changes you can achieve the credit worthy score that seemed so difficult to attain.
Sign up with CreditUs and assert your right to a fair and accurate credit score by working towards fixing your credit reports. Don’t let an imperfect system keep you from achieving what you have worked so hard towards.