Bad credit can affect every aspect of your life: from applying for a loan, filling out an application to get in to a rental property, applying for a credit card and in today’s world it can even determine if you get a job or not.
Tony Baca and his team at Continental Credit will give you and your credit history the personal attention it deserves to get you on the road to credit recovery.
Continental Credit is a full service credit correction company based out of Denver, Colorado with a nationwide team of credit analyst ready to review your credit report with you line by line. They’ll help you to thoroughly understand your problem areas and your areas of strength. They’ll work with you to determine your results, help to correct inaccuracies and set realistic results.
Sean Nealon, Regional Account Manager at Continental Credit states, “80 percent of all consumers have credit errors on their credit reports.”
Continental Credit helps you clean up your credit report by submitting investigations to credit bureaus and having the inaccuracies removed and by giving you pointers to clean up areas of your credit needing the most attention.
Nealon states, “The # 1 way to build credit is through a credit card.” However, there are a few important things credit card holders should be conscious of: 1) Credit card companies report your information to credit bureaus monthly, so it’s important to call your credit card company and ask them what day of the month they report to the credit bureaus. 2) In order to maintain a good credit score or to raise a low score, you should pay your credit card balance to below 30 percent of the maximum limit every month prior to the day your credit card company reports to the credit bureaus. 3) If you have trouble obtaining a credit card due to a low credit score, Continental Credit can help you to obtain a secured credit card.
Your credit score plays such a key role in the interest rates you’ll receive on loans. Don’t let auto dealers or any other company tell you that you have to pay a higher interest rate due to a low credit score – talk to Tony, Sean or a member of their team and let them help you strategize ahead of time to get the lowest interest rate possible.
Common Credit Myths
1. Once a collection, charge-off, or tax lien is paid it no longer affects your score.
2. Inquiries pulled at once in the same industry will not negatively affect scores.
3. Paying off collections will help scores.
Credit Facts
1. Payment history and negative items make up 35% of your credit score
(auto loans, mortgages, etc. are reviewed over the past 99 months).
2. Debt Utilization – Revolving accounts make up 30% of your credit score. (credit cards, department store cards, etc.).
3. Length of credit history makes up 15% of your credit score. (Do not open new accounts before attempting to obtain a loan.)
4. New Credit makes up 10% of your credit score.
5. The final 10% is a credit mix.
To obtain a FREE consultation with a credit analyst or to receive more information, call Continental Credit 701-713-0086 or toll free 866-488-2066 or visit their website http://www.continentalcreditonline.com.
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