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Home Equity Lending Professionals Call Toll-Free: 1-800 My Money (1-800-696-6639)
Helping California residents refinance mortgages, buy new homes, cut payments,save money, get the best mortgages and home loans at the best rates, since 1994.
FREE PERSONAL and CONFIDENTIAL CREDIT CONSULTATION
Becoming a smarter borrower. Statistics show that approximately 70 percent of all credit reports contain at least one error. These mistakes can sometimes cause you to be turned down for a home loan or to be charged the highest interest rate on a credit card. You are important to us. We know from years of experience that having credit problems and many bills doesn't mean you are a bad or irresponsible person- just a good person with bad credit. As a matter of fact we have found that many homeowners having bad credit are not even aware that a number of bad-credit (derogatory items showing a late payment history items can be removed legally) are on their report. It's not difficult to get rid of mistakes, just time consuming. As the wheels of correction grind slowly, there may be weeks -- or even months -- of phone calls and exchanging of real mail or email.
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For additional help in understanding and improving your credit scores, we have included a link to the National Foundation for Consumer Credit. nfcc.org Common Credit Questions Q: How can I increase my score? Q: Will my credit history prevent me from
Steps to correct mistakes
Report credit errors quickly. Even the smallest error could seriously dent your credit chances. If you find a mistake, send a separate letter to each agency where a mistake is found. Be sure to explain the situation in detail and include a copy of the credit report with the faulty information highlighted. Any error that you find must be investigated by the credit reporting agency (Equifax, Experian or Trans Union) with the creditor who supplied the data. The credit reporting agency will remove from your credit report any errors a creditor admits are there. If you disagree with the findings, you can file a short statement in your record giving your side of the story. Future reports to creditors must include this statement or a summary of it. The Fair Credit Billing Act requires creditors to correct errors promptly and without damage to your credit rating. PLUS there are more than likely items that are incorrectly reported from creditors that can be changed. Fixing these bad-credit items will definitely increase credit scores. That increase of scores in turn helps you the home-owner in obtaining a better loan and a better rate. We offer the best "low-cost-bad-credit" home loans in California. You can refinance your adjustable or fixed rate and pay off bills, do home improvements, and even get needed cash. DO NOT get caught by one of those companies that promise to "fix" your credit for a fee. They will do little or no work to actually help you.
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