The credit score associated with your credit report is determined by use of a very complex algorithm applying weighted values to many data factors. Very important is length of your credit history, the number and types of accounts you have on record, how much is owed compared to your total credit line, and how timely payments have been made. Keeping current bills paid timely will continually build your credit.
Delinquencies, collection activity, and charged off items do a great deal of damage to your credit report. How you handle these is very important. Even though a debt remains your debt until paid, if the item is very old you might benefit more from certain credit repair efforts than from actually paying the debt. When these past dues are paid, or brought current, this pay off is all-of-a-sudden considered recent activity.
Contact the professionals at RMCN Credit Services for assistance. We know the laws inside-and-out and can get your inaccuracies, as well as certain other items, removed. By law, the credit bureaus must provide adequate proof of their records or remove disputed items. We hold the credit bureaus legally responsible for what they list on your credit report. This will improve your credit score.
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Bad Credit Repair – Bad credit history can be improved with successful credit repair.
Do I Still Need To Pay My Bills? – You are still responsible for paying your bills even if you get a negative credit item removed.
Equifax Beacon Validation Odds Summary – Table predicts the likelihood that creditor will go more than 90 overdue on a payment based on their credit score.