Fair Isaac Company (FICO) has recently released information that explains the estimated amount of points that mistakes can damage your credit score!
The Fair Credit Reporting Act (FCRA) is a federal law that requires all credit bureaus to be 100% accurate, 100% verifiable, and timely reporting. What this means is that you might have made a mistake, however if the credit bureaus are not in compliance with the FCRA they must remove or correct the information!
It is important to understand that your credit report is a snapshot of your credit at that particular point in time that it was pulled. Your credit picture can change daily, and you have the right to hire the best representation to ensure that your credit is at its peak!
After all, your credit score can cost or save you an enormous amount of money! For example, when thinking in terms of mortgages, a 40 point difference in credit score can save you a few hundred dollars a month for the entire term of the mortgage! ($100 savings per month on a 30 year mortgage is $36,000!)
Call GQ Credit for a no obligation credit consultation at 800-250-7047 and speak to a live credit expert today!
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Great information. It is nice to see a credit company that is willing to share so much valuable information. I have seen many companies that charge money and provide little benefits. You offer much in the form of education which I think is vital to long term success. Keep it coming.
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