Mortgage Blog On Georgia Financing

C.) Experian: ClickHere

To use the Experian dispute site - you must first get your credit report from Experian -Click Here   before you can proceed with the dispute.


2.) Go to Capital One Credit  and sign up for a $300 Credit limit Credit card.

( IMPORTANT: for Bad Credit choose the "Capital Secured Card" and for No or Average credit choose " Capital One Standard Platinum" card)

Go to Orchard Bank  is a card good for no or low credit scores– They report fast and to all three credit repositories.

Choose the Orchard Bank Visa card or for real bad credit Orchard Bank Secured Mastercard.  See a CNN Review

Mostly these creditors will  approve just about anyone with a minimum credit limit of $300.00 to start off with.

If some strange reason they turn you down – don’t re-apply. They sometimes will deny you and then they will send you an approval a couple days later. This is because not all programs are available on-line. Only charge a $100.00 and start making the minimum payment. In the short term it may hurt your credit if you charge too much. - $28.00 balance on your credit cards seems to be the magic number when you want to maximize your credit scores – NEVER PAY YOUR CARD OFF. That will drop your credit scores quickly.

You need at least 2-3 Credit cards reporting on your credit to make a big difference in your credit scores.

If the credit card companies ask for a security deposit of say $300 dollars, they have approved you for a “Secured Credit Card” and the $300.00 that you give them is held in escrow to borrow off of it. They will report your payment history on certain secured credit cards and will increase your credit scores.

Note: You will have to make 1 or more payments on the cards to the credit card company for them to report on your credit. Credit card companies usually report on or about the 5-6th to the 15^th of every month.

After about 30 days after your receive and charged up on your cards and disputed your credit , call me and let’s review what has been taken off and then we can review the current score.

When you start receiving credit card offers in the mailbox – you know what you’re doing is working. All these credit card companies keep track of scores for potential customers.

Note : It also might be helpful for you to be added to a friend or family members credit card as an "Authorized User" on their account. It most cases they will report on your credit ( maybe not all three repositories)

Be sure their balance is less than 50% of their High Credit limit. Some people say this doesn't work, However we find it does.

IMPORTANT:

If you have a 580 Credit Score and above and you have cash to pay down debt ,contact us before your do anything . We have tools that can eliminate the guess work  and save you time and money. In some cases,  we can increase your score to get a home loan in less than 7 days.

Contact Peter Knap at 770.499.8600 for more info