Personal Credit Consulting
It’s an amazing feeling to be able to finance a car or home, be approved for a credit card or even be able to apply for a job without worrying about your credit rating. With a good credit rating, you can finance items with a lower interest rate and a payment that your family can afford. The Fair Credit Reporting Act gives you the legal right to dispute items on your Credit Report that may be inaccurate, out of date, incomplete or unverifiable. Professional Credit Solutions is armed with the knowledge, tools and resources necessary to verify and validate the information presented on credit reports in a way that has produced proven results for years.
Fair Credit Reporting Act:
Congress enacted the Fair Credit Reporting Act (FCRA) to give consumers some protection from the credit agencies.We use our knowledge and experience with Consumer Credit Rights and legislation to assist our clients in their quest to ensure that the information on their clients credit reports is accurate and verifiable and permanently removing information that is obsolete, inaccurate and unverifiable including but not limited to Bankruptcies, Foreclosures, Repossession, Incomplete Info, Tax Liens, Slow Pays, Student Loans, Civil Liens, No Pays, Charge Offs, Out Date Info, Judgments, Medical Bills, Inquiries & More.
Why Auditing Your Credit Report is Essential:
Twenty-five percent (25%) of the credit reports surveyed contained serious errors that could result in the denial of credit, such as false delinquencies or accounts that did not belong to the consumer; Fifty-four percent (54%) of the credit reports contained personal demographic information that was misspelled, long-outdated, belonged to a stranger, or was otherwise incorrect; Twenty-two percent (22%) of the credit reports listed the same mortgage or loan twice;
Almost eight percent (8%) of the credit reports were missing major credit, loan, mortgage, or other consumer accounts that demonstrate the creditworthiness of the consumer; Thirty percent (30%) of the credit reports contained credit accounts that had been closed by the consumer but remained listed as open;
Altogether, 79% of the credit reports surveyed contained either serious errors or other mistakes of some kind.