[vc_row][vc_column width=”1/2″][woodmart_title size=”large” align=”left” style=”underlined” woodmart_css_id=”5fb7bf7c0345d” title=”What is a Credit Score?” title_custom_color=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfY29sb3JwaWNrZXIiLCJjc3NfYXJncyI6eyJjb2xvciI6WyIgLndvb2RtYXJ0LXRpdGxlLWNvbnRhaW5lciJdfSwic2VsZWN0b3JfaWQiOiI1ZmI3YmY3YzAzNDVkIiwiZGF0YSI6eyJkZXNrdG9wIjoiIzAwMDAwMCJ9fQ==” title_width=”100″ after_color=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfY29sb3JwaWNrZXIiLCJjc3NfYXJncyI6eyJjb2xvciI6WyIgLnRpdGxlLWFmdGVyX3RpdGxlIl19LCJzZWxlY3Rvcl9pZCI6IjVmYjdiZjdjMDM0NWQiLCJkYXRhIjp7ImRlc2t0b3AiOiIjMDAwMDAwIn19″][vc_column_text text_larger=”no”]Credit score, also referred to as credit ratings, is a metric used to determine a consumer’s creditworthiness. Each individual is assigned a number between 300 and 850, representing the risk a bank or financial institution takes when lending them the money. A higher score shows a higher likelihood of repayment and makes it easier for a consumer to secure financing, including mortgage, car loans, and other lending solutions.

Conversely, a poor credit rating can severely restrict funding opportunities. Moreover, lenders charge higher interest rates to high-risk clients than low-risk ones and put more stringent terms and conditions to protect their financial interests. Therefore, it’s important to maintain an excellent credit score to get easy access to credit cards, mortgages, and loan financing at favorable interest rates.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”3062″ img_size=”full” parallax_scroll=”no”][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1594186448296{padding-top: 20px !important;padding-bottom: 20px !important;background-image: url(http://egfinancialsolutions.com/wp-content/uploads/2020/07/aaa.jpg?id=3052) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/12″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][/vc_column][vc_column width=”5/6″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_custom_heading text=”How Can We Help?” font_container=”tag:h2|font_size:40px|text_align:center|color:%23ffffff” use_theme_fonts=”yes”][vc_column_text text_larger=”no”]

redit score, also referred to as credit ratings, is a metric used to determine a consumer’s creditworthiness. Each individual is assigned a number between 300 and 850, representing the risk a bank or financial institution takes when lending them the money. A higher score shows a higher likelihood of repayment and makes it easier for a consumer to secure financing, including mortgage, car loans, and other lending solutions.
Conversely, a poor credit rating can severely restrict funding opportunities. Moreover, lenders charge higher interest rates to high-risk clients than low-risk ones and put more stringent terms and conditions to protect their financial interests. Therefore, it’s important to maintain an excellent credit score to get easy access to credit cards, mortgages, and loan financing at favorable interest rates.

[/vc_column_text][/vc_column][vc_column width=”1/12″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][woodmart_title size=”large” align=”left” style=”underlined” woodmart_css_id=”5fb7bfe3c299b” title=”How Can We Help?” title_custom_color=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfY29sb3JwaWNrZXIiLCJjc3NfYXJncyI6eyJjb2xvciI6WyIgLndvb2RtYXJ0LXRpdGxlLWNvbnRhaW5lciJdfSwic2VsZWN0b3JfaWQiOiI1ZmI3YmZlM2MyOTliIiwiZGF0YSI6eyJkZXNrdG9wIjoiIzAwMDAwMCJ9fQ==” title_width=”100″ after_color=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfY29sb3JwaWNrZXIiLCJjc3NfYXJncyI6eyJjb2xvciI6WyIgLnRpdGxlLWFmdGVyX3RpdGxlIl19LCJzZWxlY3Rvcl9pZCI6IjVmYjdiZmUzYzI5OWIiLCJkYXRhIjp7ImRlc2t0b3AiOiIjMDAwMDAwIn19″][vc_column_text text_larger=”no”]At EG Financial Solutions, our mission is to help you maximize your credit score in the shortest frame of time. Our experienced credit repair specialists will check your credit report for negative items and submit a credit dispute letter to the credit bureaus on your behalf to remove errors and inaccuracies that are dragging your credit rating down. Many people suffer from poor scores solely because of incorrect negative items on the report that go unnoticed. We make sure that it doesn’t happen, and your report remains accurate and error-free.

Your credit report is your financial dossier, and we’ll take every action necessary to ensure it reflects positively on your profile. Even if you’re financial situation isn’t really where you want it to be and unable to pay off your credit cards and debt, we’ll figure out a way to improve your credit ratings through other strategies.

We’ll contest to remove soft and hard inquiries that deplete your score, devise a plan to improve your debt-ratio score and provide rock-solid pieces of financial advice to manage money so that you can boost your credit ratings.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”3063″ img_size=”full” parallax_scroll=”no”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”3069″ img_size=”full” parallax_scroll=”no”][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_single_image image=”3065″ img_size=”full” parallax_scroll=”no”][/vc_column][vc_column width=”1/2″][woodmart_title size=”large” align=”left” style=”underlined” woodmart_css_id=”5fb7c00845e1e” title=”Get Started” title_custom_color=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfY29sb3JwaWNrZXIiLCJjc3NfYXJncyI6eyJjb2xvciI6WyIgLndvb2RtYXJ0LXRpdGxlLWNvbnRhaW5lciJdfSwic2VsZWN0b3JfaWQiOiI1ZmI3YzAwODQ1ZTFlIiwiZGF0YSI6eyJkZXNrdG9wIjoiIzAwMDAwMCJ9fQ==” title_width=”100″ after_color=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfY29sb3JwaWNrZXIiLCJjc3NfYXJncyI6eyJjb2xvciI6WyIgLnRpdGxlLWFmdGVyX3RpdGxlIl19LCJzZWxlY3Rvcl9pZCI6IjVmYjdjMDA4NDVlMWUiLCJkYXRhIjp7ImRlc2t0b3AiOiIjMDAwMDAwIn19″][vc_column_text text_larger=”no”]While our credit repair specialists work their magic, here’s what you can do to expedite your journey to an excellent credit score:

  • Pay your bills on time. You can positively influence your credit score by paying all your bills, including credit card, revolving line of credit, mortgage, auto loan payment, utilities, and any other loans, on time.
  • Keep credit card balances as low as possible. Try to bring your credit utilization ratio below 30 percent. If you can’t reduce your debt, try to negotiate with your credit card issuer to increase your credit limit to reduce your credit utilization.
  • Keep unused credit cards. Don’t attempt to close unused credit cards if you don’t have to pay an annual fee. It can bring down your utilization ratio and hurt your credit score. Owing the same amount of money and having more credit cards increase your ratings.
  • Don’t apply for new credit.Requesting new credit creates a hard inquiry on your credit report. These inquiries remain for two years and hurt your credit score. You can expect up to a 10-point reduction for each inquiry on your report.

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][woodmart_title size=”large” align=”left” style=”underlined” woodmart_css_id=”5fb7c036af53e” title=”A Breakdown of Your Credit Report” title_custom_color=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfY29sb3JwaWNrZXIiLCJjc3NfYXJncyI6eyJjb2xvciI6WyIgLndvb2RtYXJ0LXRpdGxlLWNvbnRhaW5lciJdfSwic2VsZWN0b3JfaWQiOiI1ZmI3YzAzNmFmNTNlIiwiZGF0YSI6eyJkZXNrdG9wIjoiIzAwMDAwMCJ9fQ==” title_width=”100″ after_color=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfY29sb3JwaWNrZXIiLCJjc3NfYXJncyI6eyJjb2xvciI6WyIgLnRpdGxlLWFmdGVyX3RpdGxlIl19LCJzZWxlY3Rvcl9pZCI6IjVmYjdjMDM2YWY1M2UiLCJkYXRhIjp7ImRlc2t0b3AiOiIjMDAwMDAwIn19″][vc_column_text text_larger=”no”]A credit report can be broken down into various sections, including personal information, credit summary, account history, public records, and credit inquiries.

  • The personal information tab contains your basic information like name, address, place of employment, and other private details for identification purposes.
  • The credit summary section summarizes your current and delinquent accounts, including real estate, revolving, installment, collection, and other accounts.
  • The account history provides detailed information on your credit accounts. It contains a bulk of information about your payment history and how you’ve settled your debt.
  • The public record section will list down any bankruptcies you have declared in the last seven to ten years, depending on if Chapter 7 or Chapter 13 was filed.
  • The credit inquiries list down all financial institutions who accessed your credit report (made hard inquiries) to determine your creditworthiness.

Information that is unavailable on your credit report:

  • Sensitive information, including age, race, or marital status.
  • Medical records (unless you explicitly provide consent to put them on your report).
  • Debts (including unpaid child support) older than seven years.
  • Chapter 11 bankruptcy notice older than ten years.

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”3067″ img_size=”full” parallax_scroll=”no”][vc_single_image image=”3066″ img_size=”full” parallax_scroll=”no”][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_single_image image=”3064″ img_size=”full” parallax_scroll=”no”][/vc_column][vc_column width=”1/2″][woodmart_title size=”large” align=”left” style=”underlined” woodmart_css_id=”5fb7c0f1c82db” title=”Here’s how long certain items remain on the credit report:” title_custom_color=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfY29sb3JwaWNrZXIiLCJjc3NfYXJncyI6eyJjb2xvciI6WyIgLndvb2RtYXJ0LXRpdGxlLWNvbnRhaW5lciJdfSwic2VsZWN0b3JfaWQiOiI1ZmI3YzBmMWM4MmRiIiwiZGF0YSI6eyJkZXNrdG9wIjoiIzAwMDAwMCJ9fQ==” title_width=”100″ after_color=”eyJwYXJhbV90eXBlIjoid29vZG1hcnRfY29sb3JwaWNrZXIiLCJjc3NfYXJncyI6eyJjb2xvciI6WyIgLnRpdGxlLWFmdGVyX3RpdGxlIl19LCJzZWxlY3Rvcl9pZCI6IjVmYjdjMGYxYzgyZGIiLCJkYXRhIjp7ImRlc2t0b3AiOiIjMDAwMDAwIn19″ woodmart_empty_space=””][vc_column_text text_larger=”no”]

  • Delinquencies:7 to 10 years, starting from the date of the first missed payment.
  • Collection accounts: 7 to 10 years, starting from the first missed payment date that led to collection.
  • Charge-off accounts: 7 years, starting from the first missed payment date that led to collection.
  • Closed accounts with delinquencies: 7 years, starting from the date they are reported closed.
  • Positive closed accounts: 10 years, starting from the closing date.
  • Positive lost credit card: 2 years, reported as lost.
  • Lost credit card with delinquencies: 7 years, starting from the date of the first missed payment.
  • Unpaid Tax Liens: 15 years, starting from the date of filing.
  • Paid Tax Liens: 10 years, starting from the date of filing.
  • Chapter7, 11, and 12 Bankruptcy:10 years, starting from the date of filing.
  • Chapter 13 Bankruptcy: 7 years, starting from the date of filing.
  • Judgments:7 years, starting from the date of filing.

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