A professional credit repair company is what you need if you have a bad credit score; and in this article, I’ll be showing you how to improve your credit score fast in the US. Also, we’ll be doing a quick Credit Firm review.

Before we begin with all the details, let us first understand what “Credit Firm” is all about; that will help you understand better what we are talking about in this article, okay!

Table of Contents

What is Credit Firm?
What is the Cost of Bad Credit?
- Good Credit VS Bad Credit
Benefits of a Good Credit Score
Credit Firm Review [How To Improve Credit Score Fast in the USA]
- Credit Firm Services
- Credit Firm Pricing
Frequently Asked Questions
Factors That Affect Credit Score
Other Credit Repair Companies
Conclusion - Improving Credit Score USA
Reference

What is Credit Firm?

The company known as Credit Firm was established in 1997 and has been helping consumers improve their credit scores in the USA (credit score usa). The team that founded this company comprises attorneys, specializing in consumer credit and FCRA violations.

They have the knowledge and wherewithal to advocate on your behalf against credit reporting agencies and credit furnishers in order to achieve the type of results that will allow you to build a strong financial foundation and move toward a more prosperous future – credit repair.

Get Started with CreditFirm

What is the Cost of Bad Credit?

In case you do not know, having bad credit can close doors and limit you from obtaining financing boast through sub-prime means, resulting in excessively high-interest rates and towering monthly payments.

Good Credit VS Bad Credit

Just take a good look at the difference good credit makes:

Benefits of a Good Credit Score

Having a good credit score is very beneficial and it is something you can achieve today, even if your current credit score is very bad. All you need to do is sign up for an account with credit firm and the rest will be taken care of – credit repair.

Here are some of the benefits of having a good credit score:

Low-interest rate mortgage
Apartment with no security deposit
Low-interest-rate credit cards
Low-interest/No Down Payment Auto Loans
Have extra money at the end of the month
Low Auto Insurance rates
Qualify for a low-interest Personal Loan
Qualify for an SBA Loan to start a business
More employment opportunities
Confidence

Credit Firm Review [How To Improve Credit Score Fast in the USA]

Just like we have pointed out earlier in this article, Credit Firm is one of the best credit repair companies in the USA, and with their services, your bad credit will be turned into good credit in no time.

Credit Firm Services

1. LEGAL IN-DEPTH CREDIT AUDIT: They will go over your credit report with a fine tooth comb breaking down every account to determine the best course of action to take in order to optimize your credit score and help you attain your goal in the minimum amount of time.

2. UNLIMITED CREDIT BUREAU CHALLENGES: No matter how many accounts you have on your credit reports, you will only be charged a low monthly fee of $49.99.

3. UNLIMITED PROCEDURAL REQUEST VERIFICATION: Verifying that the credit bureaus are complying with the law by verifying your account through an acceptable verification procedure is one of the strongest tools in the credit repair process.

4. UNLIMITED PERSONAL INFO VARIANCE CHALLENGES: Too many Personal Information Variances do impact your credit score negatively. Credit Firm will work to remove multiple names, addresses, employers, and other personal information variances.

5. UNLIMITED GOODWILL INTERVENTIONS: A friendly intervention that leverages your current upstanding relationship with your creditor in an effort to positively impact the past payment record and reporting on your credit report.

6. UNLIMITED ESCALATED INFO REQUESTS: This mildly confrontational intervention requests documentation and proof of a creditor’s compliance with various consumer protection statutes, or a change to the way it is reporting an account on your credit reports.

7. UNLIMITED DEBT VALIDATION: This highly aggressive intervention enforces your Consumer Rights by demanding a complete accounting of the account in question including copies of the original signed application/contract, previous statements, and other documents asking the creditor to prove your liability in depth.

Credit Firm Pricing

They do have a very fair pricing plan. Below is a preview of the pricing plan for both individuals and couples:

Get Started with CreditFirm

Frequently Asked Questions

u003cstrongu003eWhat is a credit report?u003c/strongu003e

A u003cemu003ecredit reportu003c/emu003e can be broken down into 6 parts: u003cbru003eu003cbru003e1. A history of how well you repay debt. u003cbru003e2. How long you’ve had credit. u003cbru003e3. Personal information such as names, addresses (past and present), employers, phone numbers, and any variances of such. u003cbru003e4. The amount of available credit you have. (i.e. your buying power). u003cbru003e5. How often you have applied for credit (inquiries). u003cbru003e6. The different types of credit that you have.

u003cstrongu003eWhat is a credit report used for?u003c/strongu003e

A u003cstrongu003eu003ca href=u0022https://detailedguideonhowto.com/go/creditfirm/u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003ecredit reportu003c/au003eu003c/strongu003e is used to determine the amount of risk in lending you money. The level of risk is determined by 6 main factors and calculated into a credit score. u003cbru003eu003cbru003eThe most commonly used score is the FICO score, created by the Fair Isaac Company. This score ranges from 300 – 850, the higher the score, the less of a risk you are, and the lower the score the higher the risk. u003cbru003eu003cbru003eFrom the lender’s point of view, the lower your score is, the more likely you are to default on a loan. So they will be less likely to approve you for a loan, or if they do approve you, the interest rate charged on the loan will be very high because it’s a riskier investment for them. u003cbru003eu003cbru003eThink of it this way, if you want to invest your money you can put the money into a savings account or buy some stocks. The interest rate for the savings account will be low because it’s a very low-risk investment; you are basically guaranteed a return.u003cbru003eBut, if you invest your money into the stock market, you will want a higher return on your investment because the risk of loss is so high. u003cbru003eu003cbru003eu003cstrongu003eNote:u003c/strongu003e There are different types of u003cemu003eFICO scoresu003c/emu003e, Mortgage companies use the u003cstrongu003eu003ca href=u0022https://detailedguideonhowto.com/go/creditfirm/u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003eClassic FICO Scoreu003c/au003eu003c/strongu003e, and u003cstrongu003eu003ca href=u0022https://detailedguideonhowto.com/go/creditfirm/u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003eAuto Lendersu003c/au003eu003c/strongu003e use the FICO Auto Industry Option Score. u003cbru003eThe difference is quite simple, the Classic FICO Score ranks previous mortgage accounts a little higher than all other accounts. And the u003cstrongu003eu003ca href=u0022https://detailedguideonhowto.com/go/creditfirm/u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003eAuto Industry Option Scoreu003c/au003eu003c/strongu003e puts more weight on previous auto loans than other accounts.

u003cstrongu003eWho maintains Credit Reports?u003c/strongu003e

Credit Reports are maintained by u003cstrongu003eu003ca href=u0022https://detailedguideonhowto.com/go/creditfirm/u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003eCredit Reporting Agenciesu003c/au003eu003c/strongu003e, also known as Credit Bureaus. u003cbru003eAlthough most people think that there are 3 credit bureaus, there are actually a lot more than that. u003cbru003eu003cbru003eThe 5 biggest credit reporting agencies are listed below: u003cbru003e1. Experianu003cbru003e2. Equifaxu003cbru003e3. TransUnionu003cbru003e4. Innovisu003cbru003e5. PRBC

u003cstrongu003eWhere can I get a FREE Credit Report?u003c/strongu003e

There are several websites that advertise free credit reports and most of them are owned by credit bureaus. They all require you to have a credit card and a subscription to give you access to credit reports. u003cbru003eu003cbru003eHere is a list of websites where you can access your credit reports for free: u003cbru003e1. Creditkarma.com u003cbru003e2. Experian.com u003cbru003e3. FreeCreditReport.com u003cbru003e4. Nerdwallet.com u003cbru003e5. Wallethub.com u003cbru003e6. My.Equifax.com

u003cstrongu003eWhat is a Credit Score?u003c/strongu003e

A u003cstrongu003eu003ca href=u0022https://detailedguideonhowto.com/go/creditfirm/u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003ecredit scoreu003c/au003eu003c/strongu003e is a number that is calculated based on the information in a person’s credit report. The credit score is used to represent the credit-worthiness of that person.

u003cstrongu003eCan I Do Credit Repair with Credit Firm?u003c/strongu003e

Yes! u003cbru003eYou can do more than credit repair with credit firm. Visit: u003cstrongu003eu003ca href=u0022https://detailedguideonhowto.com/go/creditfirm/u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003ewww.creditfirm.netu003c/au003eu003c/strongu003e and create an account today to get started. u003cbru003eCheck your credit score USA.

Factors That Affect Credit Score

These are the factors that affect credit scores:

1. Your Payment History

Payment history is the most important part of your credit, accounting for 35% of your credit score.

Making late payments, incurring collections, charge-offs, or other derogatory information severely lowers your credit scores.

Paying your bills on time and putting together a payment history of on-time payments helps increase your credit scores.

Here is a list of the negative items which will hurt your payment history and lower your credit scores:

Late Payments
Charge-offs
Collections
Accounts included in Bankruptcy
Foreclosures
Repossessions
Judgments
Tax Liens
Bankruptcies

Any of these accounts reporting on your credit reports will lower your credit scores.

2. Amount Owed

30% of your overall credit score is calculated from the amount of credit you’re using and how much debt you owe.

This includes:

The total amount owed across all accounts
The amount owed on specific types of accounts
Number of accounts with balances
Credit utilization ratio on revolving accounts
Remaining amount owed on installment loans

The two most important parts of the amounts owed are the available credit on revolving accounts (credit cards) and the proportion of installment amount owed in relation to the original loan amount.

The balance owed on installment accounts, such as mortgages and auto loans, should ideally be 49% or less of the original loan amount.

Considering the difficult nature of paying down an auto loan or mortgage this is the most difficult aspect of the FICO score to control but, no one expects you to pay down half your mortgage to boost your scores a bit.

This is why the largest part of “Amounts Owed” focuses on your revolving credit utilization.

3. Lenght of Credit History

Length of credit history takes into account how long your credit accounts have been established, including the age of your oldest account, the average age of all your open accounts, and the age of specific types of accounts.

Your credit score benefits from having open accounts with an average age of at least 24 months. The older the accounts the better, this all comes back to stability.

Someone with 3 credit cards they have had for fifteen years and a mortgage that’s over ten years old is going to look more stable than someone who just started establishing credit 3 months ago.

4. Credit Variance

Mix or credit, also known as credit variance refers to the variety of debt you have reporting on your credit reports. Being too heavily indebted to only one type of debt may lower your credit scores.

Ideally, you should have a healthy mix of both installment and revolving accounts.

Installment loans are loans with a set length of a term like mortgages, auto loans, personal loans, student loans, etc….

Revolving loans, on the other hand, are loans where the balances can either be paid off in full at the end of the month or revolve into the next month like credit cards, lines of credit, or home equity line of credit (HELOC).

In order to maximize your credit scores, it is imperative that you have at least 2 different installment loans and at least 3 different revolving credit items.

NOTE: Your mix of credit will become a much more important factor if your credit report doesn't have a lot of other information on which to base a credit score.

READ ALSO: 5 Tips to Combat Financial Stress

5. New Credit & Enquires

Several factors are calculated when considering the impact new credit has on your credit scores. This includes how many new accounts you’ve recently opened and inquiries.

Recently opened accounts consider how many new accounts you have opened up within the last 2 months.

According to FICO, “research shows that opening several credit accounts in a short period of time represents greater risk – especially for people who do not have a long credit history.”

Every time you open a new account your credit scores drop a bit to stop you from establishing too much credit at once.

What does this mean for you?

Establish your credit slowly and don’t panic if your scores drop after you open up a new account, the score will come back up within a few months.

6. Personal Information Variance

The personal information variance in your credit reports is by far, the most overlooked and underestimated part of your credit.

Most people feel that your personal information does not impact your ability to obtain credit.

They feel this way because the three credit bureaus (Experian, Equifax, and TransUnion) have stated that, “[Personal] information such as race, gender, where you live and marital status is not used in credit scores.” – Experian. And that is absolutely correct.

FICO scores don’t take into account whether you are male/female, white/black/purple/etc…, live in a high-income crime-free neighborhood or a low-income high crime neighborhood. But, your personal information variances CAN impact your ability to get credit.

What are these variances?

Names, addresses, phone numbers, employers, and social security number variances.

What do you think happens when a lender pulls your credit reports and discovers you have 2 social security numbers in your credit file?

This is actually more common than you would think.

Other Credit Repair Companies

Here’s a list of other credit repair companies you can check out today:

Conclusion – Improving Credit Score USA

It’s time for some credit repair. I sincerely believe that this credit firm review has shown you the possibilities of improving your credit score. All you need to do right now is visit: www.creditfirm.net and create an account today.

If you are not satisfied, you can check out other credit repair companies mentioned above. They can help you fix your credit score USA.

If you have any questions or comments, please feel free to drop them in the comments below and also share this article on social media to help someone else.