Four Ways Credit Repair Companies Can Boost Your Score

Sometimes, unethical or illegitimate credit repair companies win customers with promises of boosted credit scores and blemish-free credit reports. When selecting a credit repair company, you should pay special attention to the methods the credit repair provider claims to use. Illegitimate companies will often claim impressive results, but will be very light on details. So how do good credit repair companies do it? Here are the four methods CreditRepair.com uses to boost your score: Analyze Your Credit Report Quality credit repair companies diligently pore over your credit report – with your cooperation, of course – to identify the information that is potentially…

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How Do Student Loans Appear on Your Credit Report?

Student loans represent a new wave of debt in the U.S. economy. According to the National Center for Education Statistics, the average student graduated with $33,000 of student loans in 2014. As America’s student debt tops $1.2 trillion, individual questions arise about the best way to fund education, benefits and risks, and how student loans affect the credit ratings of newly-minted professionals. How are student loans classified? Like an auto loan or mortgage, student loans are classified as installment debt because they are repaid in equal amounts over a fixed period of time. While consumer credit card debt is considered “bad” due…

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Nearly Half of Millennials Have Bad Credit — Here’s What You Can Do About It

According to an analysis of over 10 million users performed by credit bureau TransUnion, almost half of millennials (Americans age 18 – 36) have “subprime” credit — meaning a credit score that is below 600. A score below 600 is low enough to give many lenders pause before extending a line of credit to an applicant. Contrast this with older Americans — such as baby boomers — and there is a stark difference, with older generations much more likely to land in the “Super Prime” rating level — TransUnion’s highest rating tier. Low credit scores can cause major financial headaches…

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