Credit Education

Credit can be intimidating.

Why does it exist? How much of it do I need? What’s even on there?

We get it. Credit is confusing. Thankfully, CreditRepair.com is not. We’ll teach you everything you need to know about credit.

What exactly is 'credit'?

Your credit is comprised of two main parts:

Your credit score

7 2 0

Your credit report

These go hand-in-hand, and you should be aware of both of them. Let’s break it down.

Or you can call a credit professional for a credit report evaluation over the phone.
Call 1-855-399-1370

What is a credit score?

632
Q:
What do these three numbers mean?
A:
Your primary credit score, also known as myFICO®, is a 3-digit number between 300 – 850 and is a reflection of your five credit factors. It's almost like a financial reputation of sorts, and lenders use it to determine what kind of loans or credit cards you qualify for.

Credit factors

35%
Payment History
30%
Credit Utilization
15%
Credit Length
10%
Account Diversity
10%
New Account & Inquiries
Find out your score today for FREE
Call 1-855-399-1370
Q:
How is this score created? Magic?
A:
Sometimes it feels that way, but your credit score is actually generated from the information on your credit report. Five main credit factors are combined to form your score. Lenders and banks use this number to gauge how likely you are to repay them. Or do your dishes. They’re weird like that.
Find out your score today for FREE
Call 1-855-399-1370

Score Ranges

Excellents
800 to 850
Very Good
740 to 799
Good
670 to 739
Fair
580 to 669
Poor
300 to 579
Q:
What's considered a good credit score or a poor credit score?

Score Ranges

Excellents
800 to 850
Very Good
740 to 799
Good
670 to 739
Fair
580 to 669
Poor
300 to 579
A:
As you can see from the scale above, a good score is anything over 670. That means anything below 670 is not good. Let me repeat that: having a 'fair' score is not good. Sure, fair is better than poor, but there's a huge difference between a good score and a fair score. We're talking 'get-the-home-of-your-dreams' or 'save-thousands-in-interest-rates' kind of difference. Even a few points could make or break your loan.
Find out your score today for FREE
Call 1-855-399-1370

What is a credit report?

Q:
What's on my credit report?
A:
Your credit report contains things like your name and address, your loan information, credit limits, account names, credit history, credit inquiries, public record, collections, late payment information and of course, your credit score. It’s basically your entire financial history.
See what's on your credit report in minutes
Call 1-855-399-1370
Q:
How do things get on my credit report?
A:
Creditors like banks, credit card companies, cell phone providers and even hospitals, report your payments to the credit bureaus. These bureaus (Experian, Equifax and TransUnion) keep a record of everything reported to them by your creditors. That includes the time you paid your bills late. Also, when that one debt went to collections. Oh, and when you filed bankruptcy? That’s on there too. These are called negative items, and typically, they have a negative impact on your score (surprise, surprise).
See what negative items are on your credit report
Call 1-855-399-1370
Q:
How does my credit report affect my credit score?
A:
Every item on your credit report is factored into your credit score. They're 100% connected. That's why with credit repair, we focus on making sure your reports are fair, accurate and substantiated, by challenging creditors and the bureaus to verify questionable items.
Learn more about credit repair
Call 1-855-399-1370

How can I improve my credit?

Remember these five factors from earlier?

35%
Payment History
30%
Credit Utilization
15%
Credit Length
10%
Account Diversity
10%
New Account & Inquiries
  • Work to get questionable, negative payment history removed from your credit report (that’s what we do!)
  • Pay down your debt to reduce your utilization ratio
  • Be older (sorry can’t help you there). The longer you’ve had credit, the better
  • Work to get any inaccurate hard inquiries removed from your credit report!)
  • Diversify your credit to have a mix of revolving, installment and other types of accounts
45%

CreditRepair.com helps with 45% of the things affecting your credit. Let us check your situation for free.

Q:
What actions hurt my credit?
A:
  • Paying bills late
  • Carrying large balances on your credit cards
  • Ignoring questionable negatives on your credit

You know who won't ignore any questionable negatives on your credit? CreditRepair.com

Call today to get started
Call 1-855-399-1370
Q:
What actions will positively affect my credit?
A:
  • Paying down credit card balances
  • Getting inaccurate items from your credit reports (via CreditRepair.com)
  • Have a few more birthdays

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