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 If
you or someone you know is in need of credit remediation, ask your
mortgage lender to recommend someone to help you repair your credit.
Repairing your credit on your own is an option, too, but be honest
with yourself about whether you have the necessary discipline and
diligence to research and remedy your own credit problems.
The Federal Trade Commission regulates credit
repair services and provides free information to help consumers
spot, stop, and avoid businesses with fraudulent, deceptive, or
unfair practices.
The Credit
Repair Organizations Act provides a detailed outline of your
rights, obligations of credit repair organization and much more.
Reputable Credit Repair Companies Put You
First
You may talk to several credit repair companies before choosing
one. Look for a company with a proven track record of keeping in
touch with clients and their lenders on a regular basis, while clients
are going through the remediation process. Many companies offer
a 100% guarantee, which means that if they are not able to meet
the commitments outlined at the commencement of the process, then
there is no charge for their services.
Learn About Credit Scoring
Read literature on the topic of credit scoring so you understand
your own credit score. You'll learn what you can do to immediately
help improve your credit score. Subsequently, in many cases, you
will be able to obtain financing for the home you wish to purchase.
Monitor Your Payments & Credit Score
Continually keep an eye on your payments and credit score. Ask your
loan officer to keep an
eye out for new options as your credit standing improves, and seek
to place you in a lower interest loan as time progresses. An experienced
loan officer will do more than simply quote rates and provide a
loan, but rather to help you manage you debt on an ongoing basis
to meet your long-term goals.
Set an appointment with your loan
officer today to talk about what they can do to assist you with
credit remediation.
[Dealing
with Credit Score Challenges] [Good
Credit Translates into Lower Interest]
[Learn the Five Factors
of Credit Scoring] [The Truth About
Home Appraisals]
[Interest Rates] [Mortgage
Rates] [Learn the Five
Factors of Credit Scoring]
[Return to Articles page]
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Mortgage Master Service Corporation
24909 104th Ave SE, Suite 100
Kent, WA 98030
Phone: 253-859-5300 Toll Free: 800-583-7200
Fax: 206-382-9612 (Seattle line)
National Mortgage Licensing System & Registry (NMLS)
NMLS ID 40445
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