"Saving money, is how we help"

5109 Dartmoor Ridge Trl,
Houston, TX 77066

281-888-8457
info@houstoncreditcoach.com

Mon - Fri 8.00 am - 8.00 pm
Sat - Sund 8.00 am - 6.00 pm

Frequently Asked Questions

At Houston Credit Coach, we knew from the start that in order to help all of our clients in the best possible way, we would have to start by hiring the best people. We pride our self in hiring only highly educated and experienced professionals to assist every client that Houston Credit Coach represents.

As valuable as the possibility of better credit is, the cost to start taking control of it is simple: it’s $ per month. There will never be any additional costs or fees – it’s that straightforward.

As you’re looking over your credit situation, a question pops up: what if most or even all of my negative items are accurate? Will credit repair still work for me? Well, there are more opportunities for change and growth than you might think. Here’s why. Creditors sell very critical information about you every day. It’s information that can affect almost everything in your life, from your car payment to your house to your job. So, it’s important to make sure that that information is as substantiated, timely, accurate and fair to you as absolutely possible. A lot goes into these definitions. This is where the Houston Credit Coach experts come in. It’s their job to help you assess the items on your credit report and then intervene with your creditors to help uphold these standards regarding the information they report about you to the bureaus. So, see what the process can do for you. It might surprise you how much is possible.

It’s a pretty normal question to ask: how long is this going to take? The honest answer is that it depends — on your goals, your situation and how much work you need done. Houston Credit Coach looks at you as an individual and build your own personal Game Plan accordingly. Your Game Plan focuses on the areas that will make the most impact– and helps the Houston Credit Coach experts get to work quickly to make sure your creditors are being responsible regarding the information they’re reporting about you.

To know whether credit repair is worth it, you just have to look at what your credit impacts. These days, it seems like it’s just about everything. When you start realizing how far it goes, it’s easy to do a little math. Not having ideal credit can cost you thousands and thousands of dollars over the course of a home or car loan. It can keep you from getting insurance coverage or even a job. It can make even everyday needs and decisions more difficult.

When you compare this to the confidence and assurance of feeling in control of your credit situation and the opportunities that brings, the value of credit repair can seem pretty priceless. Luckily, having the experts at Houston Credit Coach working to help you tackle your credit issues costs only $ a month. It’s a pretty great value that may impact a lot of the things you value most.

 

It’s a common myth that negative items must remain on your credit report for a minimum number of years. In fact, there is no minimum timeframe. Creditors control the information they provide to the credit bureaus. They can also choose to remove negative items as well. The Fair Credit Reporting Act requires all reported information to be fair, accurate, and substantiated. If these conditions are not met, the credit bureaus are required to remove it. In the case of factual information, the following represents the maximum time limits attached to each. Once these limits lapse, the credit bureaus must remove them from your credit report.

Maximum Limits

Two Years:

  • Inquiries

Seven Years:

  • Civil suits, civil judgments, and records of arrest (foreclosures, child support, and small claims) will remain for seven years, or until the governing statute of limitation has expired, whichever comes first.
  • Paid tax liens
  • Collection accounts
  • Adverse items of information (excluding records of convictions of crimes)
  • Closed accounts from day of reported closing if delinquencies exist
  • Late payments
  • Charge offs
  • Paid student loan default
  • Lost credit card incidences, if there is a delinquency

 

Ten Years:

  • Bankruptcy (Chapters 7, 11, 12, and 13)

Forever:

  • Unpaid tax liens, unless a state law exists with greater consumer protections
  • Unpaid federal student loans
  • Criminal convictions

 

Credit reporting is never cut-and-dry. While a collection account can remain on your credit report for up to seven years, a goodwill intervention, debt validation, or other credit repair strategy could produce a drastic change. At Houston Credit Coach, we assess every piece of credit report information and carefully determine the best way to manage it. Allow our expertise to work for you.

While bad credit does limit your borrowing options, it may still be possible to find a loan with bad credit. However, the question remains, is a bad credit loan worth the disadvantages it carries?

When a lender approves a loan, they attach an interest rate based on your credit score. When your credit is low, a lender assumes that you are at greater risk of defaulting. To mitigate this risk, they increase your interest rate, thereby increasing the cost of your monthly payments as well. If you do default on the loan, a higher interest rate has allowed your lender to collect additional funds, offsetting the losses they incur.

Although the loan policy is logical, it certainly isn’t cheap. Signing up for a bad credit loan is sure to cost you more in the long run. Consider the following example:

Steve’s credit score is 770, ranking him among the top scores in the country. He recently bought a $400,000 home with a 30 year fixed mortgage. His credit score allowed him to secure the best interest rate on the market.

Across the street, Bill is attempting to buy a house that also requires a $400,000 loan. Despite the identical price, Bill’s credit score is a dismal 659. As a result, the bank will only approve Bill’s loan with a high interest rate attached. Over the next 30 years, Bill will pay over $650,000 more than Steve in accrued interest.

Before considering a bad credit loan, why not take steps to improve your financial stability? Houston Credit Coach can help you pursue the better credit score you deserve, allowing you to pursue better interest rates in the process. Don’t settle for paying more money over the life of your loan. Play it smart and focus on credit repair first.

Credit affects every area of life. When your credit is bad, it follows that your life may face similar hardships in the areas of:

Loan applications. Lenders rely on credit to recommend new customers. When your credit is low, your borrowing power is stifled by risk. In this economy, mortgage and auto lenders are tightening their restrictions when it comes to drafting new loans. More is required of the average borrower, including a sizable down-payment and a credit score of 720 or higher. If your credit score is stalled, it could spell trouble when applying for a new loan.

 

  • Interest rates. Interest rates depend heavily on your credit score, a number that is calculated based on the level of risk found in your credit report. If your past is peppered with late payments, collections, bankruptcy, etc., the result may equal higher interest rates. As your credit score improves, you’re likely to see a reduction in interest, allowing you to save money over time.

  • Insurance premiums. Insurance is the business side of risk mitigation, so it’s no surprise that a clean credit report results in better rates. Insurance providers rely on your financial track record to determine your risk levels in other areas of life. A low credit score is often viewed as high-risk behavior.

  • Employment opportunities. Many employers now require credit checks before hiring a new team member. The job market is competitive, and managers use this strategy to gauge a new-hire’s level of responsibility. Despite your qualifications, a bad credit report is likely to make you seem disorganized and careless—two qualities that should never appear on your resume.

  • Savings. Favorable loan terms, interest rates, insurance premiums, and employment all add up to one sum: savings. A good credit score means leaner options. The less money you spend, the more you’ll have to save for emergencies, retirement, and education.

A credit bureau – sometimes called a “consumer reporting agency” – is a business that collects relevant consumer information from creditors and courthouses, and then sells that information to interested parties such as potential lenders. Such information is sold in the form of a credit report. In the U.S., the three major credit bureaus are TransUnion, Experian, and Equifax.

Popular Questions

As valuable as the possibility of better credit is, the cost to start taking control of it is simple: it’s $ per month. There will never be any additional costs or fees – it’s that straightforward.

As you’re looking over your credit situation, a question pops up: what if most or even all of my negative items are accurate? Will credit repair still work for me? Well, there are more opportunities for change and growth than you might think. Here’s why. Creditors sell very critical information about you every day. It’s information that can affect almost everything in your life, from your car payment to your house to your job. So, it’s important to make sure that that information is as substantiated, timely, accurate and fair to you as absolutely possible. A lot goes into these definitions. This is where the Houston Credit Coach experts come in. It’s their job to help you assess the items on your credit report and then intervene with your creditors to help uphold these standards regarding the information they report about you to the bureaus. So, see what the process can do for you. It might surprise you how much is possible.

It’s a pretty normal question to ask: how long is this going to take? The honest answer is that it depends — on your goals, your situation and how much work you need done. Houston Credit Coach looks at you as an individual and build your own personal Game Plan accordingly. Your Game Plan focuses on the areas that will make the most impact– and helps the Houston Credit Coach experts get to work quickly to make sure your creditors are being responsible regarding the information they’re reporting about you.

To know whether credit repair is worth it, you just have to look at what your credit impacts. These days, it seems like it’s just about everything. When you start realizing how far it goes, it’s easy to do a little math. Not having ideal credit can cost you thousands and thousands of dollars over the course of a home or car loan. It can keep you from getting insurance coverage or even a job. It can make even everyday needs and decisions more difficult.

When you compare this to the confidence and assurance of feeling in control of your credit situation and the opportunities that brings, the value of credit repair can seem pretty priceless. Luckily, having the experts at Houston Credit Coach working to help you tackle your credit issues costs only $ a month. It’s a pretty great value that may impact a lot of the things you value most.

 

Call us Today! Because saving money is how we HELP!

Contact Us