Part of the credit repair process is understanding how the credit bureaus work. They serve as your reputation in a world where the banker doesn’t know you. When you understand the process, you are on your way to a higher credit score and better future.
In the United States there are hundreds of local and regional [...]
Once you have been through Trinity Credit Services credit repair program, it is important to re-establish your credit.
You need to prove to creditors that you handle credit responsibly. Getting started may be difficult, but with some determination, you will be on your way to having the best that a good credit score can offer.
If bad [...]
Congratulations on taking the first step to financial success. As you start on this very important path to repairing and restoring your credit, there are some tips to ensure credit repair success.
Make Your Payments on Time
If you continue to make late payments, the work Trinity Credit Services does for your credit report can be washed [...]
Do you have bad credit?
Having a bad credit score can reduce your chances of getting a loan, getting a new credit card or even getting a new job. To fix a bad score, it is beneficial to use a trusted credit repair company such as Trinity Credit Services.
We will go over your credit [...]
Trinity Credit Services is one of the winners of the Comerica Top 60 Collin County Businesses in 2010.
The Comerica Bank Collin 60 showcases the STRONGEST growing companies in the area.
Here is Patrick Butler, Director of Operations and Angela Reston, CEO accepting the award.
You probably know how many credit cards you have and about how much you owe on each card. But do you know what your credit score is? Or how your credit score impacts your life? Here is what you need to know about your credit score:
Credit History Is Important
Lenders look at your credit history to [...]
The economy is still in the recovery process and there is still a lot of unemployment. Many experts recommend that you have several months of earnings saved as a safety net in case of illness or job loss. That is easier said than done.
If you are in between jobs, you may need to access lines [...]
A few years ago, a score of 620 or higher was good enough. That increased to 680 in early 2008. Then it jumped to 720 in April last year and 740 in August.
In the past, any score of 700 or higher would get a double thumbs-up from credit experts. Now, rate adjustments begin kicking in [...]
When you hire Trinity Credit Services to repair your credit by getting rid of the negative credit report information your credit score is likely to go up. In some cases you will need to repair your credit and build your credit to raise your score to a level high enough to get loan approval and [...]
Most people only find out how bad their credit is when they apply for a loan, apartment or insurance and are rejected for having poor credit. Suddenly they begin to care about the three numbers calculated by FiCo and want to learn how to repair their credit. Of course, it is much better to start [...]
Bad credit can keep you from buying a home, financing your education, and even from getting a job. This is why it’s so important to build a good credit history.
Everything you do that involved credit becomes part of your credit history. You need to use credit responsibly to establish and maintain a good credit history. [...]
We are becoming increasingly dependent on using credit to make purchases. These days, having good credit is not only important when you want to obtain credit cards or apply for loans, it is also important when you apply for new services like phone and cable.
Home
When is comes to where you live, having good credit is [...]
It’s easy to make mistakes when it comes to your credit. Some mistakes are worse than others. Since your financial future depends on what your credit report says about you, there are some things you do want on your credit report. If your credit report contains any of these items, contact Trinity Credit Services at [...]
Have you been thinking about what you’d like to change for the New Year? Many New Year’s resolutions involve improving health or getting rid of a bad habit. In addition to making those positive resolutions, also consider how much your life would improve if you also resolved to improve your financial health.
Get Your Free Credit [...]
Consumer debt is at record highs, and many Americans find themselves overextended. If you are going through a time when you can no longer get credit, it may be because you have damaged your credit rating. In order to get your credit rating back where you want it to be you will have to make [...]
At first it may seem difficult to limit spending and stick to a budget (especially during holiday season!), however this is the number one thing you should do if you want to get ahead and stay ahead.
The following are some helpful tips on what you need to know about budgeting:
1- Determine how much your monthly [...]
10% of your credit score is determined by the number of inquiries made for your credit report. Credit inquiries are placed on your credit report each time a business requests a copy of your credit report.
The Fair Credit Reporting Act (FCRA) requires businesses to have an acceptable reason for accessing your credit report. Some of [...]
Many people who come to us seeking credit repair do so because they want to buy a house and can’t get the loan they need. Or their car is about to die and they need to buy a new one ASAP. Often the time frame for credit repair is very short.
The problem is that it [...]
You may be wondering how long it takes for credit report information to be updated.
When you have a good credit score, credit is available to you and the rates that are charged for the credit will be low. When you have a bad credit score, credit is harder to get and the interest rate is [...]
A question we get asked all the time is “How much will my credit score go down if I have a bankruptcy on my credit report?” In the past, we had no way of knowing exactly how much the score would change. FICO has kept their proprietary scoring methods under wraps—until now.
They have revealed how [...]
Whenever you apply for a loan, your lender/creditor checks your credit report to predict your creditworthiness. It is advisable to check your credit report at regular intervals to see if you have any errors and get them fixed.
Annually you should review your credit reports and verify the following information:
- Your social security number
- Your name/names [...]
Everyone has a different credit situation, so the answer to that question really depends on your credit scores, when you need credit and what your goals are.
There is a common misconception that all credit repair companies are an illegal scam. This is simply not true! Trinity Credit Services has helped more than 20,000 people restore [...]
Step 1
Start early in the year by creating a holiday savings fund. If you deposit $20-$50/paycheck into a holiday savings fund, by the end of the year you will have extra money to spend on presents and other extras. This is a fairly painless way to save some extra money.
Step 2
Get a year-end statement from [...]
Are you aware that the best time of the year to repair your credit is during the holiday season?
Due to the fact that 80% of credit bureau employees, collection company employees and creditors take vacation from November to January, you have a huge advantage when you take action to restore your credit during this time [...]
In efforts to prevent you from becoming a victim of “good credit gone bad”, you need to work to keep your credit in good standing. If you don’t work at maintaining excellent credit, you may find yourself with credit denials and collection phone calls.
If you are faced with a dropping credit score, the first thing [...]
Trinity Credit Services is one of the few credit repair companies that operate legally under the guidelines of the FTC. As an educational tool, we have put together a list of common credit repair scam techniques in an effort to prevent consumers falling victim to credit repair scams.
Be very cautious of:
1. Companies that charge low [...]
Address the reason you had to file for bankruptcy. Whether is a shopping compulsion, lack of health insurance, home in foreclosure or some other reason, you will have a better shot of improving your credit score if you face and resolve those issues.
Make sure your credit report is accurate. Errors are very likely to appear [...]
You finally got an interview for the jobs of your dreams. Your background and experience are perfect and your references are impeccable. You hope for an offer soon. Then the hiring manager says they just need to do one more thing: run a credit check. Oh no!
Depending on the kind of position you’re looking for, [...]
Credit Scores
The big three Credit Bureaus (Trans Union, Experian, Equifax) do not share information with one another. Differing scores between the three credit bureaus can result from one bureau reporting information that is not reporting with another credit bureau. If your credit scores vary between the three bureaus by more than 50 points, this could [...]
by Jeremy M. Simon
Sunday, November 29, 2009
provided by CreditCards.com
Disclosed for the 1st time, ‘damage points’ taken off for late payments
Borrowers already knew that late payments hurt their credit scores, but for the first time, they now know the extent of that damage.
Did you max out your credit card? Expect a credit score drop of 10 [...]
Engaged, Married, Divorced, or Separated?
(Things you should know)
Managing your credit can be tricky, even when you’re the only person involved in your financial decisions. Add a new spouse to the mix, and you have to be extra careful to ensure your credit remains in good standing.
For many engaged couples, talking about finances takes a [...]
Fraud:
There is no single definition of fraud, but some types of credit fraud that occur include:
• Identity theft: the unauthorized use of personal identification information to commit fraud or other crimes
• Identity assumption: long-term victimization of identification information
• Fraud spree: unauthorized charges on existing accounts
Sources of fraud
Just as there are various types of credit [...]
Establishing and maintaining good credit history requires keeping your commitment to repay your credit cards or loans as agreed. This means making your payments on time in the amounts required. Neglecting to do so will make it difficult and costly for you to borrow money in the future. Your credit history can affect essential areas [...]
Facts about the U.S. credit economy
- There are over one billion credit reports issued annually
- Two-thirds of the American economy is driven by consumer spending
- Outstanding consumer credit totals $1.7 trillion
- Credit reporting saves the average person 200 basis points on their mortgage loan
- On average, every U.S. household owns a car and one-third [...]
If you are looking at your credit report, you may be wondering what the number ratings indicate.
The following list shows the ratings used in credit reports and will assist you in the process of
understanding your overall credit rating and what credit report items you should
consider disputing with the credit bureaus.
Number Rating
R0 Too new to rate. [...]
Credit scores give lenders a fast, objective measurement of your credit risk. Before the use of scoring, the credit granting process could be slow, inconsistent and unfairly biased.
Credit scores have made big improvements in the credit process.
Because of credit scores:
People Can Get Loans Faster
Scores can be delivered almost instantaneously, helping lenders speed up loan approvals. [...]
No one wants to drive away in a dream car only to find he’s heading toward unwanted sacrifices. More than one consumer has bought an expensive automobile or truck and then found that he couldn’t afford to put gas in its tank.
The prudent consumer can avoid this situation by reading and understanding the fine [...]
Home buying can be complicated and stressful, but if you plan carefully, buying your dream home can become more fun and less work for the entire family. Following these steps can help make your dream a reality.
Be prepared
When mortgage lenders review your credit report, they evaluate how much you already owe, how much unused [...]
By now you probably know how your credit score affects many areas of your life from qualifying for a mortgage to whether an employer hires you for a job, but have you made a plan to improve your credit score? If not, it could be costing you.
When it comes to your home mortgage, auto loan [...]
Obviously making late payments or missing payments altogether is going to wreck your credit score. Fortunately, not all missed and late payments are counted equally.
The FICO score weighs missed and late payments by several criteria, including recentness, how late a payment was and the frequency of missed or late payments. Recentness has the most bearing [...]
Did you know that more than 70% of all credit reports contain errors? That is why it is so vital to review your credit reports at least once a year.
If you find errors on your report, you can try to dispute them yourself. You may get some good results, but if you want the [...]
Did you know that not paying overdue book fines at the library can hurt more than your book-borrowing privileges? It can damage your credit score, as well as unpaid parking tickets.
Public institutions can use credit to get people to pay their fines and fees. If someone has unpaid parking tickets, it could be killing their [...]
New credit doesn’t mean a shiny new credit card; it means a lower credit score, at least in the long run. Here is why:
First, new credit accounts lower the average age of your credit history. If you’ve had one credit card for 20 years and then you open five new store cards because you got [...]
Creditors and lenders want to see people use just the right amount of credit. Using too little sends up red flags and using too much sends up flares and fireworks!
The credit scoring model favors lots of credit that is not utilized too little or too much. Having many low balances on several cards rather than [...]
Consumers shouldn’t close their credit accounts in good standing. And putting them in the freezer in case of an emergency also may backfire.
Creditors hate to lend just anyone vast sums of money. Most recently, lenders have taken a use-it-or-lose-it attitude–preferably lose it.
Consumers encounter two pitfalls if creditors close accounts for non use: The available [...]
A quick way to guarantee that your credit scores drop is to reduce your available credit by closing accounts.
Credit scores are not built around common sense. Doing away with unused lines of credit would make sense to most people, but not to a credit-scoring model. Some things that can lower your credit score are counter [...]
Your credit score is a “snapshot” of your risk at a particular point in time. It changes as new information is added to your bank and credit bureau files. Scores change gradually as you change the way you handle credit. For example, past credit problems impact your score less as time passes. Lenders request a [...]
By Katie Adams
INVESTOPEDIA ULC ©2009
While many experts can’t decide if the recession is nearing its end or not, we do know that there hasn’t been a tremendous surge in wages, job creation or the stock market. Consequently, most of us are staying pretty conservative on our spending. Here are a few relatively simple ways to [...]
Your credit score is one of the most important factors used to decide whether you will qualify for a major loan and what its terms will be. Every day, many would-be borrowers are denied loans, while consumers with strong credit histories are getting great rates on mortgages, car loans and student loans. Understanding how your [...]
By CreditCards.com
Starting Thursday, when the first phase of the new Credit Card Accountability, Responsibility and Disclosure (CARD) Act goes into effect, credit card users will be armed with a new right to say no to — that is, opt out of — interest-rate increases and other changes in their credit card agreements.
Under the first phase [...]
We operate 100% legally and we are registered with the Secretary of State of Texas.
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We operate 100% legally and we are registered with the Secretary of State of California.
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We operate and are governed by the FTC's guidelines and have a 100% money back guarantee written on our contract to protect the consumer.
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