Yes, tradelines can boost credit. Tradelines are debts that you’re paying off like credit cards or auto loans, or any time of loans. Payment history, credit age, credit card utilization, inquiries, total account, and derogatory marks are the six main categories that your credit is composed of. Inquiries and derogatory marks will hurt your score, […]
1. Dispute credit errors The easiest one is to start by looking at your credit report and check for any errors. If any error is found and corrected (that will take time) you can see an increase in your credit score. 2. Pay off debt This represents 30% of your credit score, so make a […]
Minimum credit scores vary depending on the mortgage you’re trying to get, whether it is an FHA loan (Federal Housing Administration), a VA loan (Department of Veteran Affairs), or a conventional mortgage. Conventional Mortgages Minimum Credit Score Needed: 660 or higher. These loans are not insured by a government agency but follow standards set by […]
Having good credit can make your life much easier in the day-to-day or even in those emergency situations. Also being approved for a mortgage or buying a car is a wonderful feeling. As you know, credit scores play a huge role in your life besides the loans, they also factor in how much you’re charged […]
Errors on your credit report can be common but they can cause your credit score to be lower than it should be. Here’s what to do to get those negative items removed. Identify your credit report errors It’s a good habit to review your credit report often for errors. You can get a free credit […]
Here at Rapid Credit Boosters, we are proud to say we can boost your credit score fast. We have clients that have increased their score 315 points in 1-3 months and experienced negative accounts deleted as soon as 2 weeks. We get rid of negative items and add positive tradelines to your credit card profile […]
What is Refinancing? Refinancing is the process of replacing an existing mortgage with a new loan. There are a few reasons why homeowners refinance, typically it’s to reduce their monthly payments, lower interest rates, to shorten the term of their mortgage, change the loan to a fixed-rate mortgage, or because they need access to cash […]
If you have bad credit it might seem impossible to get a loan and buy a home, but with the right help, you can take control of your finances. Here are some examples of steps you can take to buy a home: Review your credit report and check for any discrepancies as they might contain […]
An authorized User is an additional user to your credit card without requiring that person to apply like an employee or a child. The authorized user shares the credit limit with the primary holder and purchases made by the authorized user appear on the same statement. The user will start building credit! Tradelines are similar […]
Why Refinance? To save overall interests in the long run or to reduce your monthly mortgage. Refinancing is a good idea if you can reduce the interest rate by 2% but many say 1% is incentive enough to refinance. The first step to refinance is to know your home’s equity. Home values were on the […]