Boost Your Credit Score/Credit Repair

Boost Your Credit Score

Credit Repair / Improve Credit Score

Denied in the past? Some lenders have overlays and credit score may not be the issue for another mortgage company. Some lenders have a minimum credit score or internal rule on top of guidelines that we may not. If there is an issue with credit, we will guide you in the right direction to live the American Dream of owning a home.

For example, some lenders have an internal rule that they will not allow a credit score below 580 or allow manual underwriting. We can close loans that other lenders may not be able to.

Credit Scores Affect:

  • Home Loans
  • Auto Loans
  • Credit Cards
  • Mortgages
  • Your Income
  • Insurance
  • Employment
  • Rentals

The 2 Most Important Components of Credit Score:

  • Delinquencies
  • Payment history makes up 35% of credit scores.
    • Missing a payment can drop a credit score 50+ points.
      Debt Ratios
  • Amounts owed makes up 30% of credit scores. Keeping low balances help credit scores.

Other Credit Score Components:

  • Average age of a file impacts 15% of credit scores.
  • 10% Mix of credit
  • Inquiries make up 10% of credit

Items You Can Dispute:

  • Collections
  • Charge-Offs
  • Late Payments
  • Foreclosure
  • Bankruptcy
  • Judgements / Tax Liens
  • Medical Collections
  • Identity Theft

How to Repair Your Credit or Boost Your Credit?

The Federal Trade Commission study reports that 79% of all credit reports have errors. By law, if credit bureaus cannot verify the disputed inaccuracies, they must be immediately deleted from your credit report. Credit repair is legal and the Fair Credit Reporting Act gives you the right to dispute any items on your credit report.

Nationwide Mortgage & Realty, LLC does not repair credit, but we have resources to help build credit to live the American Dream of buying a home.

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