Why is credit restoration so important for you?... and Why should you buy our Ebook to help you restore your credit anyway? Read on for more information...
When a person applies for more credit ( i.e. credit card, a car loan, student loan or a home mortgage) lenders want to know what risk they will take by loaning you money. Several years ago some Ph.D.s at a company called Fair Isaac developed a system to forecast and predict who might go into credit failure by using information from people's credit reports. Most credit bureau scores used in the United States are produced from software created by Fair Isaac and Company. FICO scores have become the leading credit indicator and are now provided to all lenders by the major credit reporting agencies This system has gained increasing popularity in the past few years and now each of the three large credit bureaus utilize Fair Isaac's credit scoring system for generating bureau credit scores.
FICO scores are the official name for the credit scores most lenders will use to determine your credit risk. You have three different FICO scores, one for each of the three credit bureaus: Experian, TransUnion, and Equifax. Each score is based on information the credit bureau keeps on file about you. As this information changes, your credit scores tend to change as well. Your 3 FICO scores affect both how much and what loan terms and products(interest rate, etc.) lenders may offer you.
For your three FICO scores to be calculated, each of your three credit reports must contain at least one account which has been open for a minimum of six months. In addition, each report must contain at least one account that has been updated in the past six months. This ensures that there is enough information – and enough recent information – in your report on which to base a FICO score on each report.
The higher the score, the lower the risk. But no score says whether a specific individual will be a “good” or “bad” customer. And while many lenders use FICO scores to help them make lending decisions, each lender has its own strategy, including the level of risk it finds acceptable for a given credit product. Many lenders are really strict on credit requirements while some choose to look more closely at other pertinent factors involving recent payment history and a close examination of your job growth/potential for income.
Restoring or improving your credit score can save you a tremendous amount of money since the interest rates that you are charged on mortgages, car loans, and even business loans are determined by your credit report. The higher your credit score, the lower the interest rates will be that you can qualify for. With a higher FICO score, you will be able to apply the principle of leveraging OPM (Other People's Money) to use for the incredible wealth multiplification effect of real estate investment and the increased ability to pay off debt a lot faster with lower interest rates on car & bank loans and debt consolidation plans that significantly reduce your current revolving interest rate for multiple credit accounts.
There are no hidden secrets to credit restoration and you don't need specialized credit repair software to get results! There is a lot of misguided information on the internet about the alleged best ways to fix or improve your credit rating. While your credit report is simply a compilation of all your credit transactions and history, negative items can be removed from your credit report immediately and you can do it on your own terms. In fact, you are the best individual qualified to take action today and remove those items off your credit report that could impede you from getting the things you want in life.
The Ultimate Credit Restoration Ebook is designed to arm you with the resources and tools you need to successfully restore your credit within a short amount of time. The practical handbook is filled with numerous credit building and restoration strategies from top experts on the subject of lending and credit repair. We have all heard the phrase "Knowledge is Power" and in terms of credit repair education, the Ultimate Credit Restoration Ebook is the epitome of this popular term. We are so convinced that our Ebook can help you restore your credit more effectively then any other program, that we have included a 30-day money back guarantee with the purchase of our Ebook. If you are not fully satisfied with the information you have received from the Ultimate Credit Restoration Ebook, then simply keep the information you have received from us with the Ebook and we'll send you your money back with a 100% refund of the product... no questions asked! We are committed to providing you with the best, most accurate and updated information available online related to this critical topic of credit restoration. In making this committment, we ask that you sincerely apply the principles that you read from our Ebook and see if it doesn't dramatically raise your score in the upcoming month. The information contained in this Ebook will help you in numerous ways by not only helping you change & improve your finances but by allowing it to change the way you live your life! Imagine walking into any car dealership or lending company and having the full confidence that you can in fact qualify for their best loan program available! Envision how that would make you feel to know you could buy your dream home with the lowest interest rate on the market? This is within your grasp depending on how you use the priceless information you will find in the Ultimate Credit Restoration Book.