+1- 888-503-3382 info@getgr8tcreditvip.com

OMG! I have an eviction on my credit report!

Evictions can be a pretty tough because they can have a huge impact on your ability to get a future rental application approved. A landlord doesn’t always pursue the court to collect unpaid rent, but most will use that avenue especially if there is alot of monies outstanding.

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Your credit history is like GOLD was in the GOLD Rush years. It’s pretty darn precious and valuable. Anywhere you go and someone feels they need to check you out for some kind of business offer, loan offer, rental of a primary residence, vacation, or car rental, your credit could be a factor in a decision.

Here are some things to keep in mind if you are dealing with an eviction on your rental record.

1. Eviction records due in fact impact your credit scores. Reason: Anything that is reported unpaid will not help your payment history which is impacted by your credit scores because the unpaid rent could land on any one if not all of the the big 3 credit agencies, Experian, Transunion and/or Equifax.

eviction_denied

2. An eviction which becomes a matter of record if reported to the Court system, will also have a huge impact on your credit history because the record will reflect some kind of legal action taken by the former landlord.

3. An eviction that becomes a form of collection via the Court system, will then reflect as a public record.

4. Tenant screenings which is almost always done formally by professional rental companies, look for evidence of eviction records and patterns by reviewing databases that will often have cross referenced public record filings. Evictions are a huge deal and they will base their decisions to approval a rental application on whatever they find in those data searches.

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5. Correcting unpaid rent issues with a former landlord is a great way to restore your rental record. If the issue cannot be resolved and you need help correcting your credit history, we can help.

Credit problems are so wide and vast, it is often hard to discern how, why, when, a situation will have a negative relationship to your credit. Keep in mind, that having solid credit, is incredibly important. It may seem like you can get by, but some how, it will come and bite you in tail, when you least expect it.

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If an eviction is haunting you and keeps getting in the way, we just may have the answer. We don’t just offer credit repair and restoration, we are masters at coordinating the best exit strategy and outcome for your overall credit goals. We are credit experts and have all the systems in place to help you go the distance.

Email us at info@getgr8tceditvip.com or Call us at 888-503-3382.

We can get it done for you!

The Anatomy of a Credit Score

As a specialist in the area of increasing credit scores for my clients, the question often comes up about what is a credit score?
For many years in my line of work, credit has always been such a huge mystery for many that have sought my advice.

Credit scores have become the angel and devil for just about everyone depending where you fit in to things. No one wants to feel like they are less then someone else because they can get approved for a low interest rate auto loan with no down payment, or a rebate credit card paying 10% on the purchases or even a the elusive line of bank credit. These kinds of credit opportunities are afforded by those that have either taken great care of their credit history or those that have taken the time to correct past credit history issues.

So what is the anatomy of a credit score?
The anatomy of a credit score is is divided by these factors.

As a specialist in the area of increasing credit scores for my clients, the question often comes up about what is a credit score?
For many years in my line of work, credit has always been such a huge mystery for many that have sought my advice.

Credit scores have become the angel and devil for just about everyone depending where you fit in to things. No one wants to feel like they are less then someone else because they can get approved for a low interest rate auto loan with no down payment, or a rebate credit card paying 10% on the purchases or even a the elusive line of bank credit. These kinds of credit opportunities are afforded by those that have either taken great care of their credit history or those that have taken the time to correct past credit history issues.

So what is the anatomy of a credit score?
The anatomy of a credit score is is divided by these factors.

fico_chartEvery lending institution is using something that looks alot like this to base their decisions to lend money. Most people have never been taught how credit scoring is utilized in lending decisions and also they do not recognize how they “fit” in to the credit scoring process.

There are three credit reporting agencies that are most often the source of any kind of reference or reporting of credit accounts. Those three credit reporting agencies are Experian, Transunion and Equifax. Now, they are not only credit reporting agencies, but they are the top three most people are impacted by in many situations.

A credit score is a 3 digit number that spans from 300 to 850 and each credit reporting agency has their own algorithm to determine yours.

The average consumer is on record with any of these three agencies by the time they are at least in their early twenties. This is generally especially if a bank account has been opened by that age timeframe.

Credit history of any length, scale or even types of credit accounts will reflect in any given credit score. Credit scores are sensitive to balances and frequency of payments. Lower credit scores are generally the sign of slow, poor or inadequate credit history.

Getting a clear idea of where you stand in the credit spectrum is a smart step. Just because you do not know something is there, doesn’t mean you should ignore it. One easy step to becoming informed is using a great free tool, FREE CREDIT REPORT ACCESS

If I can help you, please be sure to reach out, email me at info@getgr8tcreditvip.com or toll free 888-503-3382.

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