Do you face challenges keeping your credit in order? Has significant financial setback like losing their jobs affected you negatively in terms of credit? You can then turn to firms offering credit repair in Fort Lauderdale like My Credit Advice for help. Want to settle your budget more prudently or want to be aware of all possible debt payoff options? Credit counseling and credit repair services can help!
You might be facing a poor credit condition or simply debts that you can’t manage by yourself. Often people find their credit debts creeping up, and before they know it, their debt becomes unmanageable. Under such circumstances, expert opinion might be of tremendous help. Other everyday situations where you stand to benefit from credit repair services after consultation are taking a mortgage or starting a business.
With My Credit Advice, you can now meet such situations with your feet on solid ground. Want to pay off your debt before the scheduled period? Are you looking for ways to consolidate all of your debts into a single monthly payment? Are you trying to get rid of or even recover late fees? Or do you want the lowest possible interest rates for your debt? In all these situations, credit repair in Fort Lauderdale services rendered by My Credit Advice is sure to help you. Our services are provided keeping in mind your own unique financial needs and situations.
These are just some situations where credit repair is beneficial, and there are plenty of others. The following information about the benefits of credit repair and why residents might need services that tend to credit repair in Fort Lauderdale will surely help.
Call us or shoot an email to us and get a free consultation or answers to general credit-related questions.
Getting back to the topic, let’s start with the basics, i.e., what credit repair is basically.
What is Credit Repair?
An excellent way to understand credit repair is by looking at the job functions of credit counselors. They are specially trained finance experts who can give you helpful advice on credit-related financial matters. These include budgeting, managing debt, and keep consumer credit scores at healthy levels. Services like MyCreditAdvice achieve this end by conducting workshops, one-on-one counseling, and other educational materials. However, my Credit Advice goes a step further and charts out plans specific to your unique financial situation.
During the process, the counselor is likely to analyze different aspects of your financial matters like income, debt, and assets. Such an assessment aims to figure out the best course of credit and finance-related action for you to arrive at a healthy credit score.
Credit repair is essential not only for loans and consumer purchases and bills. As we mentioned earlier, you can use credit repair services for complex financial situations. These might be student loan debt, starting a small business, and managing reverse mortgages.
Harmful Results Of A Low Credit Score
Your credit score assumes great importance in getting financial services on better terms. You can get enhanced loan products, premium credit cards, and lower interest rates, and favorable terms for the financial product or service.
Bad credit scores ,i.e., FICO scores in the range of 300-579 or 300-600 credit score rating by Vantage Score, will not do your credit health any good. Such scores will likely cause you to miss out on the terrific deals for the financial products or services you want. The result is you have to pay more for things like loans, credit cards, and mortgages.
If this is the situation, credit repair in Fort Lauderdale services like our My Credit Advice can help you in various ways. Firstly, we will ascertain your credit score accurately and research and determine what steps you can take to repair your credit. If you diligently follow the specific instructions we provide engendering our expert services, enhanced financial freedom, and borrowing capabilities.
Inaccurate Credit Score
Inaccuracies in credit reports are more common than what you might be tempted to think. To be factual, a particular Federal Trade Commission study found that approximately 20% of people with credit reports have one or more discrepancies in one of their credit reports. Such errors might potentially have financially far-reaching consequences and end up negatively affecting your credit score to a significant extent. That will, in turn, affect your ability to get new lines of credit or make credit more expensive for you, ultimately resulting in the unnecessary loss of money.
It is quite unfortunate that most people remain oblivious of the errors in their respective credit reports. They are clueless as to why their credit scores are inappropriately low.
But residents of Fort Lauderdale can now finally bid goodbye to such errors thanks to My Credit Advice. We will scrutinize all of your credit reports and report errors on your behalf. More often than not, fixing such errors will facilitate credit repair in Fort Lauderdale for residents.
There are vast types of credit report inaccuracies, too many to be discussed in this short space, but My Credit Advice can help you in all of them. Our services will save you from severe headaches and frustration and waste of your precious time and money.
Credit Card Debt
The most important thing about credit card debt is that your credit score remains unaffected by your income and its rise and fall. You might be able to afford to take the maximum credit limit allowed by the particular card. However, it will still have a negative bearing on your credit score.
Consumer Financial Protection Bureau research suggests that people with high and low incomes are equally vulnerable to financial stress resulting from credit card debt. Lenders see high credit card debt to be a sign of financial mismanagement irrespective of your income.
And finally, there are situations where you see yourself slipping into a debt trap and feel that there’s little you can do about it. You’re wrong!
My Credit Advice acts on behalf of Fort Lauderdale residents to reach the best possible debt-payoff programs, not to mention lower balances.
Free Consultations Available!
You will be well advised to pick up your phone and give My Credit Advice a call or shoot an email for your own best interests. Our free consultation will answer all queries. We are here to help with a range of financial services ranging from budgeting better or work on a higher credit score.
Together, we will surely sort out your financial situation all for the better! So please do get in touch!!!
If you are struggling financially, My Credit Advice can help you! Getting out of debt and improving your credit score are just two examples of our team’s work each and every day for those in the Fort Lauderdale areas.
Our credit counselors’ goal and passion are to understand your unique financial situation and work with you to improve it. Our counseling services have helped hundreds of individuals and families turning their financial struggles into financial success! Taking advantage of credit counseling is one of the best things you can do for yourself, your wallet, and your life.
There are a lot of different ways that credit counseling could benefit you. Keep reading to learn more about what credit counseling can offer you and the specific situations our team can solve on your behalf.
Call or email My Credit Advice of Fort Lauderdale today to get your questions answered or schedule a free consultation with one of our experienced professionals.
What is Credit Counseling?
Credit counseling is the first step towards a brighter financial future.
The credit counselors at My Credit Advice help people just like you every day. They use their extensive financial knowledge and industry expertise to help clients improve their credit score, create a debt management plan, and develop methods to attain financial freedom.
Our credit counselors are available to you in person, via video chat, or over the phone for a credit counseling session. During these sessions, you and your counselor will discuss in detail your current debts, credit score, questions, concerns, and financial goals.
Then, you and your counselor will put together an effective plan to address your specific needs. With the assistance of a credit counselor in Fort Lauderdale, you can lower your overall debt, increase your credit score, and start working right away towards more financial stability.
If you are unhappy with your current financial situation, don’t wait another day! Contact My Credit Advice to set up a counseling session.
Low Credit Score
A low credit score can have a lot of negative financial impacts. For example, lower credit scores can result in fewer opportunities to borrow money when you need it and higher interest rates on loans and credit cards.
This means that you could be denied based on your credit score if you want to take out a loan or open a credit card. However, if you are given a loan or credit card, you could be subject to higher interest rates because of a low credit score, which will cost you more money in interest over the life of the loan.
The professionals in Fort Lauderdale at My Credit Advice can explore your credit score and find ways to increase it. They can offer specific instructions and assistance that can transform your credit score in a matter of months and give you more financial freedom and borrowing power.
Inaccurate Credit Score
A low credit score can also be the result of inaccuracies on your credit report.
Most people don’t even know when there is misinformation on their credit report, but it happens all the time. When these inaccuracies go unnoticed, you live with a lower credit score for no reason!
My Credit Advice can help you find inaccuracies on your credit report and report them on your behalf to have them fixed. When mistakes are resolved on your credit report, your score can increase substantially.
A prevalent mistake on credit reports is when a credit card is opened under your name without your knowledge. This could be as simple as a clerical error or as serious as identity theft. Either way, having it resolved can save you a lot of time, money, and frustration. It can also improve your credit score!
Credit Card Debt
It is so easy to get into significant credit card debt; a few swipes here and there often add up to a lot more than you think. Months or years later, it is challenging to pay your way back to a zero balance.
Promotions and perks make opening new credit cards a quick and easy decision, but they often have very high-interest rates, as high as 25%! That means a lot of your monthly payment is just going towards interest and barely chipping away at your balance.
These high-interest rates and increasing balances can make it almost impossible to pay off credit cards without any help. My Credit Advice in Fort Lauderdale can work on your behalf to reach agreements with credit card companies for lower balances and pay-off programs.
Free Consultations Available!
You don’t have to wait another day to start improving your finances. All you have to do is set up a free consultation with a My Credit Advice team member.
It would be our pleasure to address your questions and concerns about your debt and credit score. In both of these areas, we can offer expertise and improvement strategies. Let’s work together to get you in a better financial position for your future.
Call or email us today to schedule a free debt relief consultation with our Fort Lauderdale credit counseling agency. We can’t wait to assist you!