The goal of these companies is to get as many people walking through their doors or submitting credit applications as possible, and that’s it. They are well aware of the fact that over 90% of these bad credit consumers will never get approved for a loan; it’s the 10% that they base their ad budget on. There has never been a loan given to a person with really bad credit--the banks, lenders, and creditors just don't allow it.
What makes matters worse is that if you had bad credit when you walked in the door, and they pulled your credit reports, your credit score will probably be lower when you walk out their door. Almost every inquiry on your credit report lowers your credit score, especially those within a small time frame.
The good news is there are a few things you can do to fight back. The first thing you can do is become proactive and request your own credit reports before you begin shopping for a car, house, or any major purchase you will be financing. When you request your own credit reports your credit score is never affected; no matter how many requests you make. I also recommend that you do not order your credit reports on the internet; when you order your credit reports online, there are identity/security questions that even experienced professionals like myself have a hard time answering. The best way to order your credit reports is by phone—it takes just minutes, it’s fully automated, and you don’t have to answer any security questions.
Send an email to freeguide@loansaverpro.com to request a FREE Insider’s Guide to Ordering Your Credit Reports to learn more about ordering your reports by phone.
Once you have your credit reports, the most important thing you can do is try to have some of your negative credit items removed. I am sure many of you might think that repairing your credit yourself is next to impossible, but it’s not. Even if your results are marginal and you have only half of your negative credit items removed you will definitely see your credit score go up.
As far as results are concerned, I have seen every type of negative credit removed--30-60-90 and 120 late payments, tax liens, collections, repos, etc. Credit repair does work, and I have seen the results change the lives of thousands of people. You owe it to yourself and your family to give it at least 60 days and see what happens.
If you want to learn more about ‘Do-It-Yourself’ credit repair, I recommend visiting http://www.loansaverpro.com/. The Loan Saver Team offers a credit repair system that is used by hundreds of Mortgage Professionals to secure better loan terms for their clients, and is guaranteed to work.
Author Todd Disraeli
1 comment:
On the whole, bad credit mortgage is a boon in disguise for people with bad credit and may do wonders for them by rejuvenating their businesses or consolidating debts.
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