Credit Repair Secrets

You probably already know that your credit rating is kept in detailed records by three major credit bureaus. What you may not know is that, in addition to all this information, each credit bureau also assigns you a number called a credit score. This credit score is one of the essential factors in knowing whether a loan can be obtained and, if so, how much interest you will pay. This article is designed to help you understand your creditworthiness and how it affects your ability to qualify for credit and lines of credit.

In theory, your credit score can be between 300 and 850. The average American credit score is 692, and the over 700 scores are good. Your score is calculated using a secret algorithm developed by the Fair Issac Company. For this reason, the term credit score is almost synonymous with FICO score.

Your credit score takes into account the types of credit you have. A credit card is not the same as an auto loan, which is not the same as a mortgage loan. Get points for a good history of well managed bigger loans. This book will help you get a good credit score and how to maintain it. Once you learn all about it and you put all the steps into action, it will change your life

This book covers:

• What credit score is needed
• Factors that affect your credit score
• The importance of a good credit score
• What determines your credit score when you find yourself with adverse credit
• The benefits of good credit
• And much more

If you have a medium or higher loan, you should have no trouble getting a loan. Those with good and excellent credit pay less interest than those with lower scores. If you fall into a high-risk category, it is a good idea to ask for help in repairing your loan, as it may be difficult and expensive to get a loan. But with this book, it will help you manage and get out with the expensive loans.