Credit refers to the ability to borrow money and access financing products based on a promise to repay debts. It allows consumers to purchase now and pay later.
A credit score is a number ranging from 300-850 that indicates a person's creditworthiness. It's based on their borrowing and repayment history.
Credit scores above 650 are generally considered good, with 740+ being very good and above 800 excellent. Those scores qualify for better rates.
Scores below 580 are seen as poor credit and indicate high risk to lenders. It's harder to qualify for financing and interest rates are much higher.
Missed payments, maxing out cards, multiple credit applications in a short period, collections amounts, bankruptcies, and tax liens all damage credit scores.
Pay all bills early and in full, get errors fixed, keep low card balances, and mix types of credit. Our repair programs help optimize all factors quickly.
It is possible to dispute errors yourself by writing letters to bureaus. However, the complicated process and expertise required lead many people to use a reputable credit repair firm, such as Global Credit Repair Network.
You, creditors viewing it for new applications, insurance companies, some employers/landlords, and any parties you approve can access your credit reports.
A credit bureau is an agency that aggregates credit data history, public records, collection amounts and other financial behavior information to compile consumer credit reports and calculate credit scores evaluating risk and reliability. The three major national bureaus are Experian, TransUnion, and Equifax.
The quickest way to check your credit score for free is by using credit monitoring sites that provide monthly updated scores from one or more bureaus after signing up for their trial period.
The main factors are payment history, total debt, credit history length, new credit applications, and credit mix. Optimizing all components is key to maximizing your credit rating.
Your credit reports list identifying information, detailed account histories, balances, late payments, hard inquiries from applications, bankruptcies, tax liens, and other negative or positive financial records.
In many states, it is legal for potential employers to review your credit reports and consider creditworthiness as part of hiring decisions, especially for positions involving money.
Charge-offs remain for 7 years from the date of first delinquency. We can get many removed sooner through proprietary dispute processes.
Chapter 7 & 13 bankruptcies stay on your credit report for 10 years from the filing date. They can drastically lower scores and eligibility for new credit products. We can get many removed sooner through our proprietary process.
Yes, professional negotiators can often work out settlements for a fraction of the amount owed to collectors, along with removal from credit reports in many cases. This helps restore scores quickly.
We offer a variety of financing including business lines of credit, equipment loans, SBA loans, revenue-based financing, alternative lending programs, and more tailored to your needs.
We can assist startups, existing businesses, those without collateral, and companies/owners with personal credit challenges to get approved for financing.
While time in business does not necessarily affect access to financing, lenders prefer to see a longer history of responsible credit usage and debt repayment, so maintaining strong business credit habits from early on - even as a startup - builds credibility with financing sources over time.
