Credit Applications

What is a credit score anyway?  It is a number assigned to individuals that lenders use to determine if lending money to that individual is risky or not—will that individual pay back the loan or not. Credit scores are called FICOs (software the name of the software, Fair Isaac Corporation, used to determine your score).

Evaluating your current credit situation is almost impossible to do for the average consumer. We have partnered with an online credit evaluation system for your use. The goal is to get your credit score as high as possible by mapping out a comprehensive process that is easy to use. There are three credit bureau scores that are evaluated by mortgage lenders, Transunion, Equifax and Experian. Your lowest scores are pulled from these credit bureaus and run through our credit analyzer software system.

The software will be evaluating your past credit history, the types of credit accounts you currently have, your employment status, your housing status (do you rent or own, for how long), and how much debt your currently carry (credit cards with unused credit limits may count as debt as you could run them up to the limit at any time.  It is advisable to keep a little debt on a credit card to show that you do pay something on it monthly.  Credit cards that are paid off every month do not count in your favor.) These same things are taken in to consideration by a prospective lender when you apply for a loan.

While this is not an exact science, it has proven to be quite accurate. The final analysis outlines the steps to be taken by you to help you obtain a higher credit score in the shortest amount of time so that you may apply and receive conventional financing.

Please contact us with any questions and complete the short application that has been provided. Your credit analysis will be done and you will be given a written report outlining the steps you will need to take to improve your credit score. A fee for this service may apply. Please speak to your agent or call us for more details.

Credit Repair

Life happens, bills get lost and sometimes don’t get paid on time. Money is tighter some months than others, credit cards are easy to use and sometimes they don’t get paid off on time. Layoffs and job changes, it happens, and it can show up on a credit report. Don’t worry, it can be fixed.

• Take a look at your credit reports and make sure there aren’t any mistakes, and dispute any errors if you find them.
• Pay down some of those credit cards—pay them down, don’t move the debt to another credit card.
• Pay your bills on time. If you need to contact your creditors and work out a payment arrangement to pay your bills do so.
• Don’t open new accounts.