Your credit score plays a very crucial role in your life. Your credit score sows lenders how stable you are financially and how you handle issues relating to credit management. By glancing at your credit score, lenders will know the risks associated with lending money to you. Credit score is the figure that lender will use to determine your credit worthiness. It is usually in the range of 300 – 850. The higher your credit score, the better your chances of having access to different credit facilities offer by different lenders.
Credit scores are computed by the three major credit agencies: Experian, Equifax, and TransUnion. Although the credit score from each agency might be slightly different from each other, the different scores still reflect your financial stability and credit worthiness. The factors used by these credit agencies to arrive at your credit score include your payment history of your bills and money lent to you, the amount you currently owe your creditors, the length of your credit history, new credit facilities you have taken, and the different types of credit you are using.
A credit score above 600 is considered as a good credit score. A person with this kind of score will not only have access to different credit facilities but also have lower interest rates and better repayment terms. Lenders consider people with good credit score as financially stable and responsible. Thus, these people will be able to pay back any credit given to them on time.
For people with credit score less than 600, most lenders view these people as huge risk. Lenders are of the opinion that the chances of people with bad credit score paying back their loan are very slim. Since the risk involves in lending money to people with bad credit score is very high, many lenders do not lend money to people with badly damaged credit score.
These people find it very difficult to get credit facilities from lenders. Even when these people manage to find a lender that will lend them money, the lender usually charges a high interest rate and imposes a tough repayment terms. Thus, getting a credit facility with a pocket-friendly interest rate and better repayment terms is a Herculean task for people with bad credit.
The good thing about a bad credit score is that it can be fixed. At MMC Credit Advisors, we help people with bad credit score to fix their credit score. We use our expertise and proven programs to help you improve your credit score. Once you contract our service, we will use our expertise to make your credit score move in only one direction: upward.
We will review your credit reports from the three major credit agencies to find out the root cause of your bad credit score. After identifying the causes of your bad credit score, we will come up with a program to help you improve your credit score. These programs have been tried and tested, and they guaranteed excellent results. For disputable items on your credit reports, we will initiate a dispute resolution process with the credit agencies on your behalf. We will continue to knock at the doors of the credit bureaus until we get the results we want. MMC Credit Advisors is in business to turn around your bad credit score.
The only good thing about a bad credit score is that it can be fixed and MMC Credit Advisors, will fix your credit score. Take advantage of our expertise and proven programs to make your credit score move in only one direction: upward.
Call us today at 1-855-YES-FIXCREDIT (855-937-3492)