Creditelves works by taking the information you provide and generating custom letters to credit bureaus on your behalf. You simply print out the letters and mail them to the credit bureaus. It's that simple.


Monthly Archives: April 2010

How to Fix Your Own Credit Report?

Having bad credit is a prospect most people worry about. There is good news, however. Even if you have a bad credit report you can fix it. Fixing a bad credit report is important for many reasons. Filing bankruptcy does not have to be the first resort if faced with debt and a bad FICO score.
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Credit Repair After Bankruptcy

Once you've filed for bankruptcy, you might think that your credit is ruined forever. The good news is that's simply not true. Bankruptcy only remains on your credit report for 10 years, and during that time there are a lot of things that you can do to help improve your credit score. Even with a bankruptcy on your credit, after a few years (often three) you can qualify for a mortgage. You can also generally get a car sooner than that, and start qualifying for credit cards again. Some companies start sending out pre-approved, secured credit cards offers to people almost as soon as the ink is dry on the bankruptcy discharge papers.
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What is a Low Credit Score?

No one wants to have a low credit score. Having a low credit score impacts the kind of credit you can get. In addition, it impacts financial considerations such as mortgage rates and credit card interest rates. Your credit score is made up of the following factors: • Debts/money owed: 30% • Payment history: 35% • Length of credit history, type of credit in use and new credit received: 15% each
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Does Credit Affect Employment?

Many employers include credit reports in their background checks of prospective employees. In some situations, an employer will use a low credit score as a reason for not offering a job to an otherwise qualified applicant. As the Great Recession continues, large numbers of people who have always paid their bills on time and managed their debts responsibly are finding themselves unable to keep up with all of their monthly payments for the first time in their lives. Illness, work-related injuries, and unemployment can all affect a family's financial stability. Getting behind on paying bills or defaulting on debts can have an impact on future employability.
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Dispute Experian Credit Repair

Disputes with credit bureaus like Experian can happen, most often because people don't realize that they need to keep a close eye on their credit reports. By the time they realize there's a problem they can have serious credit issues that take a long time to correct. Rather than let that happen, be sure to get a copy of your credit report from Experian and the other two credit bureaus (TransUnion and Equifax) at least once a year. You can get them for free every twelve months, so it won't cost you anything to see what's on them. If you find a problem, dispute it right away.
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Credit Dispute Letters

If you have a problem with a lender or with a credit reporting agency, writing a credit dispute letter can help you get it solved, and can also help you get your side of the story on record. Anytime you have a credit dispute, you can write a letter. Most people write an email or they make a phone call to settle disputes. Traditional mail better because it's a hard copy in writing, but ultimately it's the best choice to write a polite, professional letter stating your side of the case and the resolution that you would like to see. Send it certified mail and request a return receipt. That way, you'll be sure it gets there and can prove that it's been received.
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Do it Yourself Credit Repair

Repairing your credit is something you can do yourself. A lot of people don't realize that, though, and they end up getting conned by companies that say they can fix your credit and remove negative items. Don't fall for that scam. If the negative item on your credit report is legitimate and verifiable, you can't get it removed, and neither can some company. You'll have to wait until it drops off on its own – usually in seven to ten years. While you're waiting, there are things you can do to start improving your credit score.
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What is a Good Credit Score?

Whether you have a good credit score or not can impact your ability to buy a lot of different things. It can also affect how much you pay, because the interest rate you're offered is often a direct reflection of several monetary issues, including what your credit score is. There are a lot of opinions on what qualifies as a good credit score, and those opinions sometimes change, depending on how the economy is doing and whether the credit market is tight.
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Credit Card Laws

The laws on credit cards are changing, but that's not stopping the credit card companies from trying to make some changes that benefit them before the changes take effect. Some of the laws that are being adjusted will protect consumers from practices that were thought to be unfair in the past – such as raising a person's interest rate for no reason or suddenly starting to charge a fee for something that was free in the past with little to no warning. The changes in credit card laws will also help alleviate a lot of the billing practices that have been seen as so confusing in the past.
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