What is Credit Repair?

What is Credit Repair?

Credit repair is a method to remove inaccurate or questionable items from your credit report. Various items affecting your credit history can be collections, late payments, bankruptcies, repossessions, foreclosures, judgments, charge offs, etc. If you thoroughly look over your credit report from any of the three national credit bureaus, you can see fine print specifying the simple rules to maintain a good credit score.

Even with rules and methods clearly written, there are complicated laws involved in correcting your score. Several federal acts have been put in to law that specify the right to dispute unverifiable items on the report, but credit card companies have made an equal effort to complicate the system as much as possible. Unfortunately, it is in their best interest for you to have a low score so that they can charge higher interest rates.

Repairing your credit is a good decision.

CreditNowUSA will work hard to remove negative items from your record, restore your score, and keep it rising. This will allow you to receive lower interest rates, save money, make it easier to pay bills on time, etc. On their own, these results will inevitably increase your credit score even more! We will help you achieve your optimal credit score with a successful process that is easy, fast, personal, and effective. Our expert lawyers will use their experience and perseverance to delete negative items. We know all of the tactics that will quickly improve your credit.

The U.S. Public Interest Research Group claims 79% of credit reports contain errors, and 25% are serious enough for a denial of loans, decent interest rates, housing, and jobs.

There are many opportunities for human error to occur during credit reporting. For instance, data entry is consistently required in the reporting process and mistakes are inevitable. Depending on the company, unchecked data entry has an accuracy of 93–97%, so every time your information is touched there is a 3–7% chance of a mistake. CreditNowUSA is here to fight against these mistakes and to fix them.

Perfect candidates for our professional services:

  • You have a steady income, but were forced to foreclose
  • Your business venture failed and you had to file for bankruptcy
  • You couldn’t make your expensive home or car payments in full
  • You are stuck with large medical bills from an emergency or illness
  • You moved because of a great job opportunity but couldn’t sell your home in time, thus causing you to pay two mortgages

Did you outdo yourself by purchasing an expensive car or property that you couldn’t quite afford? Did you unfortunately lose your job? These events happen all of the time, especially recently with the subprime debacle. Once you get stuck in a situation where you are not able to make your payments on time it can seriously damage your credit. CreditNowUSA is serious about bringing your credit back to life.

Want that shiny new car?

With bad credit you may not be able to take out an auto loan. If you are approved for the loan, you may have to provide a down payment of up to 50% the cost of the car, and your interest rate may be as high as 26%. But with better credit your interest rate could be a mild 5%. Spending less on interest lets you spend more on a nicer car. Check out these two credit scenarios:

Good Credit

  • Purchase price = $10,000
  • Interest rate = 5.00%
  • Loan term = 60 months
  • Monthly payment = $188.71
  • Total cost of vehicle = $11,323

Bad Credit

  1. Purchase price = $10,000
  2. Interest rate = 20.00%
  3. Loan term = 60 months
  4. Monthly payment = $264.94
  5. Total cost of vehicle = $15,896
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