We can explain how to read and interpret your credit report, how banks and financial institutions use your credit information to make lending decisions, and how your credit reports influence your various credit scores. You can also get easy-to-understand interpretations of what factors affect your credit report, including payment history and credit utilization, and pointers on how to improve it at CreditBot. We help you to maintain and assess your credit data with confidence and accuracy. In this way, you can maximize your working opportunity.
1. Credit Report:
Your credit report contains information that a credit reporting company has received about you. Your Credit Report provides information for lenders and others about how you make payments, your current and past credit, and whether your accounts are in good status.
2. Credit Score:
A credit score is a number a creditor (including banks providing mortgage loans, credit cards, and financing agencies) use to make decisions about whether or not to offer you credit.
• A list of institutions that have provided you any credit.
• The total amount for each credit that you have taken.
• Any missed or late payments as well as bad debts.
• A list of institutions that have obtained your credit report within a certain period.
• How often do you pay your credit or loans on time and the amount you have paid.
• Any bankruptcies or other public record information.
1. Evaluate all three credit reports:
We always try to find the error on your credit report and then review your reports with the bureaus to make sure we have all the information. There may be inadequate discrepancies amongst your reports as creditors do not report the account activity to all the three bureaus. If any error has risen in one, it’s wise to observe if it’s there in the others.
2. Collect supporting documents:
Depending on the errors, we assemble the documents supporting your case like credit card statements, payment receipts, loan documents, bank statements, etc. Our focus is to make it as simple as for the investigators to examine that are claims are legitimate.
3. Dispute credit reports error:
All three bureaus Equifax, Experian, and Transunion have two methods to file the dispute, either online or by writing a letter. We help you file your dispute and share the supporting documents with the bureaus.
4. Review the response:
The credit bureaus investigate your dispute and then tell you the outcome in writing. Under most conditions, the bureaus must respond within 30 days. We keep a constant tap on the results provided by the bureaus till the errors are solved.
Allow you to enhance your credit through adding a credit card with a healthy credit history to your credit report.
We add you as an authorized user to one of the tradelines that has the available limit and positive payment history.
Credit scores could increase 30 points or higher! (results vary)