Understanding how credit works, what information is incorporated into your credit report, and how your credit score is calculated will help you better manage your personal finances.  Aside from helping you with your credit repair, our main focus at DSI Credit Repair is to help you in understanding your credit reports, how credit scores work, and discovering ways to ensure the information about you that potential creditors and lenders are given when you apply for credit or loans is accurate.  Your credit goes far beyond just credit repair itself!  As a consumer, you want your credit report and credit score to portray you in the best possible light, based on your credit worthiness.

Consider your credit report to be like your high school report card. Instead of listing each class, your credit report lists each creditor. As for your grades, your credit report lists your credit history and how responsible you’ve been with each creditor. The credit score you’re given is like your grade point average. As a consumer, it’s important to strive for a “B” or even an “A” average in order to be credit worthy and be able to receive the best credit offers and lowest interest rates. This translates to a credit score of over 650. Continue Reading

It’s impossible to watch TV, listen to the radio, or even read a news¬paper or magazine without finding advertisements promoting great financing deals for mortgages, car loans, electronics, or major appliances. The ads make statements like:

• “This weekend only, receive one year of interest-free financing on all new major appliance purchases.”
• “Lease a new car today for less than $400 per month, with no money down.”
•  “Receive an introductory rate of 0 percent financing for six months when you apply for a new credit card today.”

These deals all sound enticing. However, there is always fine print that says these amazing offers are only available to qualified consumers with excellent credit. This brings us to the need for credit repair and using the help of a good company to help you like DSI Credit Repair.
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Every month, every creditor and collector you are actively involved with is going to report things about you to any, or all three of the major credit report agencies. Your credit report and credit score will then be updated accordingly. Although it’s possible that there will be no new information added during a given month, information already on your credit report stays there for between seven and ten years, sometimes longer. As you’ll learn, this information will keep impacting your credit score for as long as it remains on your credit report.  This is why working with a credit repair company such as  DSI Credit Repair can be so helpful.

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If you’ve gotten a copy of your credit report, or are looking for your bad credit, you may find you have trouble figuring out what you are even looking at.  In order to determine if you need help from a credit repair company such as DSI Credit Repair you should know how to read your report. Credit reports are divided into a few different sections to help make the reports easier to read and understand. The order of these sections and their format will vary, depending on the credit reporting agency and how the credit report was obtained. Continue Reading

Over the last few years, the mortgage market has been turned on its head. Credit has gone from amazingly loose to amazingly tight. This has turned many to look into credit repair. People who took out mortgages with rates and payments that reset with market conditions have been stunned by the rapid increase in interest rates as a result.

Many mortgages were oversold to people who relied on increasing property values to allow them to continue to refinance periodically and avoid high-interest rate resets. Others have been unable to keep up with payments because of an unrelated financial problem. Either way, millions of homeowners have found themselves unable to refinance due to falling real estate prices and are trying to keep their heads above the financial waters that are rising higher and higher.

This is why credit repair has become so necessary. Continue Reading