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Golden Credit Repair/Restoration Process $300.00 Golden Credit will help you start over and make a change!Having Good Credit is worth more than money!!$$Start improving your Credit to fit your lifestyle!!(3-9 Month Process to a new financial you) Payment History: 35 Percent of the Total Credit Score (the most important component of your credit history)Based on a borrower's payment history, making the repayment of past debt the most important factor in calculating credit scores. According to FICO, past long-term behavior is used to forecast future long-term behavior. Companies will report that your account was late if your payment is received over 30 days past the due date. A single late payment on an account can reduce your credit score from a range of 5 to 100 points. Debt Amounts: 30 PercentBased on a borrower's total outstanding debt. Revolving lines of credit, which allow a consumer to borrow as much or as little as desired up to a limit (versus installment loans where a set amount -- say, $20,000 plus interest for a car -- is determined at the outset), are more heavily weighted. Credit cards are a type of revolving account. The ratio of what you owe on a single account versus your total available credit can drastically affect your score. The amount that you owe overall versus your entire credit is also considered in the calculation of your score. You want to have your credit debt as low as possible. The maximum ratio that you can have before it starts to affect your score is 30%. To calculate the ratio, divide the amount that you owe by the available credit. Example:$5000 / $10,000 = 50 % Debt to Credit Limit Ratio 30% of your available credit limit. From 30-50% Ratio your credit is not being affected as much as it is when you get above the 50% Ratio when you reach the 70% Ratio your credit can be severely affected. Be sure to spread the debt amongst several cards to keep your credit score at the best possible levels. Length of Credit History-15 Percent Based on the length of time each account has been open and the length of time since the account's most recent action.As a result, it is impossible for a person who is new to credit to have a perfect credit score. A longer credit history provides more information and offers a better picture of long-term financial behavior. Therefore, to improve their credit scores, individuals without a history should begin using credit, and those with credit should maintain longstanding accounts. Showing longevity and consistency in keeping accounts for many years will consistently increase your credit score.And 5. New Credit and Credit Mix—Each Comprise 10 Percent Borrowers, even those new to credit, should avoid opening too many credit lines at the same time, since such behavior could suggest they are in financial trouble and need significant access to lots of credit. FICO suggests that borrowers only take on additional credit when they must have it or when it makes sense financially.Credit mix, meanwhile, is somewhat of a vague category, but experts say that repaying a variety of debt indicates the borrower can handle all sorts of credit. According to FICO, historical data indicates that borrowers with a good mix of revolving credit and installment loans generally represent less risk for lenders.Obtain your credit Reports, After you’ve obtained a copy of your credit reports, you must review them carefully to identify any items that are negatively impacting your credit score. These could be negative inaccuracies related to:? Bankruptcy Filing Records? Items Included in Bankruptcy ? Charge-offs (Paid and Un-paid) ? Collections (Paid and Un-paid) ? Late Payments ? Inquiries? Wage Earner Plan? Foreclosures? Judgments (Civil or Small Claims)? Repossessions (Legal or Voluntary)? Tax Liens (State or Federal)? Negative Duplicate Accounts? Negative Closed AccountsThe law states that if the credit bureaus are unable to validate the accuracy and completeness of an item, then they are required to remove them from your credit report. Inaccurate Accounts, unauthorized inquiries, incorrect public records, incorrect late payments and other errors.Credit Disputes are extremely effective in fixing credit, but they must be processed correctly to avoid the complex credit bureau computer systems. Getting the dispute into a human’s hands is essential to have any reasonable chance of having the item completely and legally deleted permanently.Charge Off: When there has been no payment on a debt after one hundred and eighty (180) days, a creditor will typically charge off a debt, or have it written off as a loss for tax purposes. You can get a score ranging between 300 to 850 points. The higher the points, the better the FICO Score, which in turn gives you the financial advantage to succeed in our credit based society. Inversely, the lower the points, the lower the FICO score, which in turn can severely limit your financial options, resources, and growth.CREATE SMART GOALS AND SMART PLANNING FOR A BETTER OUTCOME: BUDGETING IS THE PRIMARY KEY TO A SUCCESSFUL AMAZING CREDIT FUTURE….Below we have provided 2 Simple Budgeting forms that you can use to start another successful money management component of your life.If you don’t have any credit cards get a SECURED CARDThe Golden Credit Repair Process takes (3-9 months)-Let’s Get Started Copy of Drivers LicenseCopy of a Utility BillCopy of your Social Security Card?Credit Monitoring Companies:Usually your bank will also provide credit monitoring servicesI will send letters to each of the (3) Credit Bureaus; Experian, Equifax and Transunion disputing the negative items listed and/or the Collection Agency and make them validate the debt or debts that are in question.I will professionally dispute all derogatory items that are listed on your credit reports which consist of Collections, Charge-Offs, Late Payments, Judgments,?Debt Validations, Medical Collections, and Inquires.To prevent any delay in the credit restoration service, it is very important that the customer communicate any change of address to the office (via fax, mail, and email).Failure to do so may result in inaccurate dispute letters. It is advised that customer retain a copy for their records****PLEASE DO NOT APPLY FOR ANYTHING DURING THE CREDIT PROCESS, UNLESS IT IS YOUR SECURED CARD AND KEEP CURRENT ON ALL OPEN SATISFACTORY ACCOUNTS****The first initial process takes about (30 TO 45 days) before you receive any documentation or dispute results from the?Credit Bureaus. Keep Old Positive Accounts Open. Length of credit history is another important credit score factor, so it can be to your advantage to keep open older accounts that are in good standing. While it is important to keep the total number of open accounts manageable, it may be more hurtful to your score to close an old account than to keep it open even though it increases the number of open accounts.All information regarding your credit report is forwarded to my office. You begin the cycle by forwarding to us copies of your credit reports from all three of the major credit bureaus. Keep in mind that the credit bureaus will only correspond directly with you, not our company. Without receiving these updated reports we have no way of knowing which items were removed successfully. Updated reports should be mailed to our office, faxed or emailed.KEEP A COPY FOR YOUR OWN PERSONAL RECORDSYour credit is reviewed whenever you apply for a credit card, car loan, home mortgage, auto or homeowner’s insurance, utility services, cell phones, and even some jobs. Credit is very important; unless you can pay cash for everything and who wants to do that…Don’t wait…Start on your Credit TODAY!!!!Method of Payments AcceptedCash/Checks/Money Orders/Cashier’s ChecksCredit Card Authorization FormName: _____________________________________________________Amount Authorized: _____________________________________Card Number/Type: ______________________________________Visa- MasterCard-Discover-American ExpressExpiration Date: __________________________________________CVC Number (3 digit on back) ____________________________Billing Address: ____________________________________________Zip Code: ___________________________________________________Signature: _________________________________________________Date: _______________________________________________________Phone: _________________________________________________________ ................
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