Credit repair services offer relief to consumers
with blemishes on their credit report.
Not exact matches
That is because
blemishes on your
credit report do indeed come
with an expiration date.
So, while bad
credit indicates that you have more than enough
credit activity than the person
with no
credit, there are too many significant
blemishes on your
credit report that may discourage lenders from wanting to work
with you.
You will end up
with a damaging
blemish on your business
credit reports that can hurt scores significantly and greatly impact your ability to secure a line of
credit, business loan, increase insurance premiums, or even maintain relationships
with your current suppliers and partners.
If there's a red flag
on your
credit report — from such things as bankruptcies and collections — you will have to provide a letter of explanation
with valid reasons for your past mistakes and the steps you have taken to correct the
credit blemish.
Even
with a major
credit blemish like bankruptcy
on your
report, you still may be able to secure financing.
That underwriter, who doesn't know you, must adhere to strict guidelines, making it difficult for customers
with a
blemish or two
on their
credit report to qualify for a low loan rate.
If you require free
credit help, try contacting a reputable
credit repair company to assess and potentially tackle inaccurate
blemishes on your
credit reports before working
with a mortgage or real estate broker.
Over time,
blemishes on your
credit record, CLUE
report, and driving history will be removed from the record, lowering your perceived risk
with insurance companies.