A snapshot of your credit!
It is very important to understand that when a lender pulls your credit profile they are just seeing a view of your credit at that exact moment. This does not mean that they are seeing what is currently reflected on your credit status. Each creditor pays the bureaus a fee to update information at the time they make the change. Many creditors do not update the reports the moment you pay down a balance, close or open an account, have a late payment, or convince your creditor to remove a negative mark due to their own mistake. It is essential to get proof of all changes to your report in writing prior to applying for a loan (especially negative info). If you find the report is not a current reflection of your status you can supply the lender with proof and they can do a Rapid Re-score (discussed in prior article). Always check your credit 6 months prior to applying for a loan to make sure it is the best it can be.
“Great credit brings great opportunity”
About Tracy Becker
Visit Our Main Website For Credit Repair Help
For over two decades, I have owned and operated a Credit Education and
Restoration Company. We can increase Fico Scores by hundreds of points and
our fee is billed based on success. I enjoy Public Speaking across the
Country where I work with all kinds of Professionals, helping them find
solutions to Credit Problems. I have Expertise in both personal and
business credit. I've worked with thousands of people leading them into
better credit and ultimately, financial health and more opportunity. I
educate Bankers, Realtor's, CPA's, and Finance Experts on Credit from A-Z.
I'm also publishing my second book "Credit Score Power". Lastly, I've been
interviewed on national Television and Radio as a Credit Expert. Feel free
to contact me if you have any credit questions or clients who wish to
increase their credit score.
Read all the great things our clients have to say about us! Click here...