Gwinnett County Credit Redemption Services

LIFE CHANGING INFORMATION

Life changing information to help you make better decisions!
Whether you use Credit Redemption or any other service be informed!

A message from the creator and owner of Credit Redemption

Have you ever wondered about those ads that you see from companies and law firms that offer to fix your credit for a low monthly fee? People with credit problems often ask me when it comes to improving their credit score whether they should hire a credit repair company or do it themselves. Unfortunately, there is no simple or universal answer to this question. However, I will shed some light on the subject if you're in need of a little understanding.

According to the Federal Trade Commission (FTC), "Everything a credit repair clinic can do for you; legally you can do for yourself at little or no cost". While I agree with the FTC, I also understand that some consumers do not have the time, patience (or knowledge) to do the work themselves and the thought of "drive-thru-we-do-it-all-for-you-credit-repair" can become very appealing. Although some things are better done yourself, only you can determine if doing your own credit restoration work will be one of them. This is why understanding both the advantages and limitations of a credit repair company and the structure from which it operates is VERY important.

Here are the key elements:

INFORMATION YOU SHOULD KNOW

The credit world has made many major changes and is continuing to do so. Falling behind can mean a hard battle getting future financing. All creditors are or have turned to credit scoring to determine your credit worthiness, that includes utility companies, cable, phone, gas, water, lights, insurance companies and all banking and financial institutions. So there really is no way around the system unless you get it together!

Furthermore, the credit scoring system has made changes in its scoring model which will change the scoring ranges you fall under. The old and new scoring system looks as follows:

(New) Vantage Scoring Scale	(Old) Fico Scoring Scale
900 – 990 = A 801 – 900 = B 701 – 800 = C 601 – 700 = D 501 – 600 = F	800 - 850 750 - 799 700 - 749 (Excellent) 650 - 699 (Avg. Score) 600 - 649 550 - 599 500 - 549 300 - 499

The scoring system has not taken full effect and is still in the beginning stages, but as you can see the ranges could make for big changes in your ratings. This effects interest rates you get.

For the most part don’t sit back and do nothing! Find out what your credit says about you and fix what’s wrong. This is something you can do yourself or if you require help or would like help, this is what we are here for! Take the first step and move forward from there. Get All 3 FICO Scores and Credit Reports and let’s get to work. Click here for more credit information.