AA Financial Solutions

Credit Reports are arranged in many different formats. Many have so much extraneous information that it is a real chore to understand them. We get many request to “Just tell me what my credit is” and that is not something we can do easily.

The first thing to look at is the Payment History are the accounts being paid on time?

Second we look at the Longevity or how long the account has been open. New accounts hurt you because it is unclear how you will manage this credit. 12+ months is best.

Then we look at balance to credit limit ratio this is how much you owe now compared to the high credit limit. If you have a credit card with a $1000 credit limit and you owe $700 you have a 70% balance to credit limit on this card. From 0-10% you’re great. From 10-30% you’re good. From 30-60% you break even. You don’t gain or lose any points. From 70-100% you lose points because you are using too much of your available credit. If you have an account that is reporting over the credit limit it is wrecking your score even if it is paid as agreed!

Next we look for obvious mistakes. An account that is paid as agreed being reported with late payments will cause you problems. Sometimes due to a similar name or address you will have accounts listed that are not yours. Sometimes an ex-wife or ex-husband’s accounts can find their way to your report.

Then we look at collections. Many times the same account is reported by more than one collection agency and is dated or reported as a new debt when it is in fact several years old. The more recent the account the more impact it has on the score. We then conduct Statue of Limitation reasearch on each account.

Lastly we look at the overall report and evaluate the credit balance.

Much of this can only be done with the experience we have accumulated.

After a thorough evaluation of the credit report and a good interview with the client to establish the facts of the file we develop a comprehensive plan to correct the problem.

It is very important to remember that this is a process and you are part of that process.

It would seem like you could simply request a correction from the reporting bureau and they in good conscience would want to correct your report.  Not in this lifetime. The three bureaus are privately owned companies and for the most part unregulated. They have a vested interest in keeping the derogatory information in your file. It enables them to sell more reports and it enables the banks to charge higher interest based on your unrealistically low scores.

As consumers we do have the Fair Credit Reporting Act on our side. Used correctly, it is enough to at least get the errors corrected. Normally we can get the unsubstantiated information off the report. Most of the time between deletions and corrections, with a good current payment history we can get a good Credit Score.

There is an old saying “If you represent yourself in court you have a fool for an attorney”. Most good attorneys would never represent themselves because they understand that they need to be represented by someone who is professional and not emotionally involved. Although it is possible to dispute your own credit report, it is also possible to do much more harm than good.

As professionals, we have experience in wording of disputes and the Fair Credit Reporting Act that enable us to be successful when others might fail. We are small enough to give you personal service with enough experience to get the job done. Our service includes but is not limited to:

Our credit repair services are different from other credit repair companies. Instead of just mass-mailing generic dispute letters to credit bureaus, we taylor our services to each individual. We are also very successful with helping people build their credit. Getting negatives removed is only part of the problem

• Unlimited credit bureau disputes
• Unlimited debt validations
• Statute of Limitations research
• Credit score consulting
• Re establishing credit

The Chex Systems, Inc. network is comprised of member Financial Institutions that regularly contribute information on mishandled checking and savings accounts to a central location. ChexSystems shares this information among member institutions to help them assess the risk of opening new accounts. ChexSystems only shares information with the member institutions and does not decide on new account openings.

This last line (in bold letters for our purpose) says it all. They are supplying the information so you can’t open an account but can’t be held responsible because they don’t make the decision.

If you’ve ever been denied a checking account because you’re on the CHEX system you know what a pain it can be. It is almost impossible to talk to a live person and getting anything done is a challenge at best.

It doesn’t matter how much you make if you don’t get to keep any of it. If your finances are out of control or your paycheck is gone before you get it you need to consider some budget counseling.

Have you noticed how some people with a modest income seem to always have enough while other people making “good” money are broke or bankrupt? Budgeting is probably the answer.

HINT: If you don’t have a budget on paper you don’t have a budget.

If you don’t let us help you, please get someone to help.

 We try to keep our services affordable. We accept payments and start working imediately we do not wait for payment after you have applied for our services. Why not start today?

  Single Account                                          $485.00 for six months of service
                                                                     this can be paid in monthly installments

  Joint Account (at same address)              $790.00   for six months of service
                                                                      this can be paid in monthly installments