The more time you let pass by with your current situation is more money you’re going to waste on outrageous interest, fees, and insurance rates. A recent Credit Empowerment study showed that with a 580 FICO score, the same average American paid well over $8,000 more each year on interest and insurance payments alone than if he/she had a 680 FICO credit score. It’s important to get moving on things now so when you decide to make a major purchase you’ll be ready to go.

Negative information only affects 35% of your credit score; if you know how to re-establish yourself, you can boost your scores up by taking advantage of the remaining 65% still up for grabs.

Let’s begin with “Credit Scoring 101″. The information collected by the credit bureaus is translated into a number to determine your performance against other people. This process does not operate according to what we’d consider common sense, but rather is a complex combination of algorithms and mathematical equations derived to determine your risk. That means removing negative information doesn’t, by any means, guarantee a score increase — in fact, it can even damage your scores. Most major credit scoring models use a “multiple scorecard” format where it groups people with similar information together and ranks their performance against that of their peers. When a bankruptcy or foreclosure appears, it truly alters the fabric of your credit file, shifting you onto a very different ’scorecard’. In other words, the weight of factors and how accounts are considered usually changes considerably with the presence of serious derogatory marks on your file. Because of this process, you could have a bankruptcy on your credit file and be well above a 700 FICO score, or have no negative information at all and come up with a sub-600 FICO score. Believe it or not, you now know more than most credit repair companies.

In the first 6 weeks of the CMAC Express program, over 85% of clients see at least 50 points or more on each of their credit scores. Let them help you navigate your way back into a great credit standing.

Some lenders will be willing to quickly lend to you just weeks or months after negative information has been cleared up. Others will try and take advantage of your situation and charge you incredible fees to help re-establish your credit. Developing the right relationships with the right lenders is a key piece to improving your scores and regaining your financial freedom which is why we have established our programs to bring you to the highest credit rating platform.

Please contact us or request more information to the right if you would like to learn more!