Do Credit Repair Companies Work?

 

Do Credit Repair Companies Work?

You might be wondering do credit repair companies work? It’s tough to know how a company can help your individual issue, but insightful testimonials from other customers might make the process easier. Here are some testimonials of successes customers of Go Clean Credit have had in working with our credit repair programs.

Credit Repair

Do credit repair companies work to help you raise your credit score? In our experience in working with customers looking to increase their credit score, we’ve seen great success. One customer has seen their score increase from 519 to 650 in a short amount of time. This allowed the customer to secure a 30 year fixed mortgage at a great rate. We were also able to get an almost 4-point lower interest rate, which is the difference of about $350/month or $125,000 over the life of the loan. Another customer saw their score raise 120 points in less than 6 months.

With our programs that are tailored to your individual issue you too can see this kind of success. Sure credit repair takes time, but having a team who cares about your situation makes all the difference. Don’t take our word for it. Here’s a testimonial showing our credit repair programs work: “I just wanted to let you know what a good and quick job I think you are doing. I have been checking my credit on a regular basis and have watched it jump over 150 points in 3 months! Thank you for your help.” – Shay J.

Mortgage

All lenders for mortgages typically look for the same basic thing, your ability to repay the home loan. If you can afford to make your mortgage payments on time each month, there is not much for them to worry about. If you have good credit, you’ve been a good employer, have a positive history of income, and your assets are all in order you’ll qualify for a mortgage in no time. In our experience in working with customers looking to qualify for a mortgage, we’ve seen people increase their score and refinance a mortgage that makes sense for them.

In one case, one of our customers was able to buy another home and have their mortgage broker comment on how much his credit score has improved. Here is a testimonial showing our mortgage programs work: “I know everyone’s situation is different but for me personally they improved my score over 80 points in just a couple months and made my dream come true of being a homeowner. 4 months ago I would have never thought I would be in my dream home and just got a credit card with a 10k limit, in which I definitely will be more responsible this time.” – Mike P.

Bankruptcy

The process of filing personal bankruptcy can be a very stressful task, but once you’ve found the right person to help you it can be relieving. You’ll have to answer some tough questions about your finances currently and in the past. Having someone understand your situation can allow you to figure out how you can survive paying off your debts while maintaining a good standard of living. With our help, we can have you back on your feet in a reasonable time.

One customer we worked with was deciding to either file for bankruptcy or increase their credit score. Within 6 months we were able to raise their credit score 12o points and avoid the damaging result of filing for bankruptcy. Here is a testimonial showing our bankruptcy programs works: “I wanted to show my appreciation to your company. I came in with a fresh bankruptcy that was really hurting my life. My credit score actually went up after just two months of signing up with your service. Your help and support really helped me get in the right direction. Thank you Go Clean Credit!” – James V.


No matter what your situation, Go Clean Credit has a solution. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away, or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.

Top Credit Repair Companies in Miami, Florida

If you’re having trouble qualifying for loans, and you need to get back on your feet financially, we have a list of the top credit repair companies in Miami, Florida to help you along. It can be difficult determining which companies you can trust, and which ones are merely scams interested in swindling misinformed persons. Fortunately, there are legitimate credit repair companies that exist, and several of them conduct business in the Miami area.

Here is a list of top credit repair companies in Miami, Florida:

Go Clean Credit

Go Clean Credit has helped thousands of people restore their credit since 2003. They provide you with a free 15 min Credit Consultation to evaluate your current situation. Go Clean Credit works directly with individuals to ensure their credit is repaired in the most efficient way possible. Furthermore, their sole mission is your success. They understand it is extremely difficult to trust a credit repair company. Fortunately, Go Clean Credit has credit repair experts that will sit down with you and go over your credit issues step-by-step. Go Clean Credit is also financially-friendly, meaning you don’t have to spend big bucks to repair your credit. For these reasons and more, Go Clean Credit is the top credit repair company in Houston.

Prominent Financial Consultants

Prominent Financial Consultants offers specialized services in credit repair and identity theft restoration, real estate, taxes, and business creation, just to name a few. They will completely evaluate your credit reports and help you decide what’s the best option to ensure the fastest and most efficient results. Designed with the ultimate goal to change every client’s life, PFC seeks to provide the best strategies, information, and education needed to achieve all of your short and long term goals because the easy part is making money, its what you do with it that sets you apart.

Credit Glory

Credit Glory provides a free phone consultation to ensure their services will benefit your unique situation. They go after creditors and Bureaus on your behalf, handling all legal paperwork and document processing. If items are not removed on the first round of challenges, we customize and adapt our methods for the next, ultimately having success or your money back. If they are unable to delete any negative information from your credit report after 90 days of work, you may ask for a full refund. No questions asked.

Credit360

Credit360 is here to help you achieve your optimal credit profile by making the credit repair process convenient, individualized, and effective. They specialize in credit repair processes, credit expertise, and guaranteed customer service make them one of the best in the industry. Credit360 is a company that puts their money where our mouth is and only charges a fee when items are deleted, removed, or repaired from your credit report. With their 360 Repair, Rebuild, and Relax Credit Repair Program you will no longer have to use other expensive credit repair companies that charge monthly and don’t even produce results. They are so confident in our advanced disputing tactics that they will allow you to pay for your deletions after you actually see their results and they even give you a 100% money back guarantee to back it up just so you can relax.

Team Credit Fix

At Team Credit Fix their number one priority to their customers is to help them get their financial life back. We do this through constant education on the process of raising your credit score, rebuilding credit, debt settlement when needed and dealing with debt collectors. They believe that education is the key to restoring your credit. They are here to assist you with getting the things you want in life. Navigating the credit repair maze can be very challenging if you are not aware of all of the laws that regulate collectors, creditors and credit bureaus. Their job is to take that heavy burden off of your shoulders and do all of the work for you so you can be approved again.


For more information on the best credit repair companies in Miami, contact Go Clean Credit to get back on the right track. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.

What To Look For In A Credit Repair Specialist

With the new year just around the bend, there’s no better time to start tending to your credit profile. There are a lot of companies out there claiming they can raise your credit score. However, there are a few things to consider before reaching out to just any credit repair specialist.

What Are Some Benefits Of Hiring A Credit Repair Specialist?

Hiring a specialist to repair your credit can be a life-changing experience. This is especially true if you’ve had some financial troubles that may have negatively affected your credit report in the past. Negative remarks may include any of the following:

  • collection accounts
  • judgments
  • identity theft
  • late payments
  • high balances and maxed out accounts
  • tax liens
  • student loans
  • charge-offs
  • mortgages

Cleaning up your credit can leave you with a clean slate. This will save you money, lower your interest rates and improve your acceptance rates for future credit.

What To Look For When Investigating

Not all credit repair is created equal. With some companies, you will begin to see your score climb the charts within a couple of months. Often, this improvement continues. However, some consumers don’t have such good luck. That’s why it’s nice to know what to look for before delving in.

1. Don’t Just Wait And See What Happens.

Almost anyone who is seeking credit repair would prefer to see results fast. Legit agencies are able to provide you with a time frame for seeing results, based on the tier of the plan you choose. The time lapse should also depend on the level of damage your credit may have incurred. Results can be seen within a few weeks to a year. If you must wait and see, then it’s better to choose another agency.

2. They Should Be Prepared To Work With An Attorney If Necessary.

Credit repair can usually be completed without the help of an attorney. However, that’s not to say the agency shouldn’t know when to use one. For example, there are many cases in which creditors, collection agencies and even credit bureaus break the law. It may be in the form of wrongfully attaining personal information, breach of contract or something else.
In such cases, an attorney should become involved, and it can make things much smoother, as opposed to dealing with legal issues on your own.

3. Seek References And Testimonials.

It’s true that each consumer experience is unique. Therefore, reviews are bound to be varied. However, when reading online reviews, there may be red flags you shouldn’t ignore. For instance, if you notice reviews from customers who waited a long time only to have little or no results, feel free to ask the specialist to explain. You can also ask for real references who have used the company’s services.
If the company hasn’t responded to others or is unable to provide you with logical explanations, then keep searching.

4. There Should Be A Custom Process.

No two customers have the same credit profile. Therefore, the repair process should not be one-size-fits-all. If the agency isn’t able to provide you with a strategic plan for you, then chances are it’s not an effective company.

5. Weed Out Companies Who Have A Delay Incentive.

You’ll notice that many credit repair providers require a monthly plan. This locks you in for the long-term and doesn’t insure results in a minimal amount of time. It’s best to work with a company with fixed price plans. This means they offer you one price that isn’t subject to increase during the process. It also means there’s no lingering, and you pay exactly what was projected.

6. Ask About A Money Back Guarantee.

It’s not common to find a company offering this type of guarantee. However, you should seek one who does if quality is your goal. If you haven’t achieved the projected results within the allotted time frame, they should be willing to work with you. This should involve issuing a refund or working with you further to achieve results.

7. Question Companies Who Offer A Definite Score.

You’ll run across aggressive and optimistic salesmen who may offer you a definite credit score. Consumers should know that it is illegal to state a specific score. Choose a company that will offer you a score range instead.

8. Ask About Your Involvement.

If a specialist claims to be able to achieve your credit repair goals without you, then there’s a need for concern. You are required to respond to requests and give consent throughout the process.

Searching for the right credit repair specialist can be a daunting process. Using the above tips, you can rest assured that you’ll find a company that’s reputable and effective.


No matter what your situation, Go Clean Credit has a solution. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away, or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.

Top Credit Repair Companies in Houston, Texas

Top Credit Repair Companies in Houston, Texas

Finding a legitimate credit repair company can be a particularly arduous task. It can be difficult determining which companies you can trust, and which ones are merely scams interested in swindling misinformed persons. Fortunately, there are legitimate credit repair companies that exist, and several of them conduct business in the Houston area.

Here is a list of top credit repair companies in Houston, Texas:

Go Clean Credit

Go Clean Credit has helped thousands of people restore their credit since 2003. They provide you with a free 15 min Credit Consultation to evaluate your current situation. Go Clean Credit works directly with individuals to ensure their credit is repaired in the most efficient way possible. Furthermore, their sole mission is your success. They understand it is extremely difficult to trust a credit repair company. Fortunately, Go Clean Credit has credit repair experts that will sit down with you and go over your credit issues step-by-step. Go Clean Credit is also financially-friendly, meaning you don’t have to spend big bucks to repair your credit. For these reasons and more, Go Clean Credit is the top credit repair company in Houston.

ASAP Credit Repair

ASAP Credit Repair will evaluate your credit reports for free to determine what exactly they will be able to dispute and to give you an idea on time frame and expectations. They are not just here to repair your credit. They will completely evaluate your credit reports and help you decide what’s the best option to ensure the fastest and most efficient results.

Credit Glory

Credit Glory provides a free phone consultation to ensure their services will benefit your unique situation. They go after creditors and Bureaus on your behalf, handling all legal paperwork and document processing. If items are not removed on the first round of challenges, we customize and adapt our methods for the next, ultimately having success or your money back. If they are unable to delete any negative information from your credit report after 90 days of work, you may ask for a full refund. No questions asked.

ANG Credit Solutions

ANG Credit Solutions understands how difficult it is to make significant purchases and secure the credit you need for them when you have a credit history that is less than perfect. They recognize that bad things sometimes happen to good people, for instance being laid off in work and losing your source of steady income. That is why ANG credit repair experts provide a fast credit repair and go the extra mile to help you improve your credit rating in any way they can. There are a number of credit repair companies who will make unrealistic promises, but they will work with you by providing result-oriented services so you can get back on your feet and have your credit rating work for you instead of against you.

The Credit Agents

The Credit Agents are a professional credit repair company based out of Houston, TX that has been in business for over 5 years. Their goal is to help as many families as possible to become homeowners by helping them to improve their credit through their results-driven credit repair program. They also believe in one-on-one service and that when you call with a question or concern, that you speak with a real person. If you’re looking for a company that will do everything they can to help you achieve your goals, then you’ve come to the right place.


For more information on the best credit repair companies in Houston, contact Go Clean Credit to get back on the right track. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.

How Does Credit Repair Work

how does credit repair work

There are many things that can have a negative impact on your credit score. Over time it is possible to see this score decline as a result of one or more of these things. Many people are not aware of what their score actually is which an important first step in the repair process is. Having your score ran by one of the top providers will help you to understand what your status is. This is also a good way to put together a repair plan. Consumers often ask how does credit repair work because this is a complex issue.

Consulting experts in the field is usually the best approach to getting this information. These are companies, such as Go Clean Credit that specialize in the restoration of credit scores. They can educate you about the meaning of your score and its implications. Along with this information, these are professionals who will develop a plan to repair the credit. These services also focus on instructing clients about better ways to deal with their credit over the long-term.

Top Things that Hurt Credit Scores

According to Money Crashers, the different things that hurt credit scores result in not only a lower number. This is a reason why finding experts to assist you with repairing credit is critical. Learning the process of how does credit repair work is necessary to see these numbers increase. In most instances, this will take time, research, and consistency in managing existing debt. Let’s take a look at some of the top things that hurt credit scores:

* Late or Missed Payments

* Unemployment Status

* Property Liens

* Inaccurate Credit Information

Steps to Repair Credit Scores

There are credit repair companies in virtually every state in the country. These are experts in most instances when it comes to investigating and evaluating credit reports. There are times when you are unfamiliar with entries on your report. Most companies that perform repair services will run reports from all of the major credit bureaus. There are opportunities to remove negative entries as it relates to old and existing debts. The status of the report will impact the length of time a restoration takes.

Preventing Future Damage

Working with the right credit repair company should benefit you for the future. The ultimate goal is to do more than remove negative entries. It involves preventing future damage to these scores. These specialists will show you how to adopt habits that will consistently maintain good credit. This involves paying debts on time, reducing the amount of credit you apply for. Both of these can result in reduced scores for consumers. The education component to these services is extremely important.

Adopting Better Habits

Go Clean Credit assists their clients with setting goals for the future. These focus on short-term and long-term objectives. The ability to adopt better spending and credit habits is essential to these accomplishments. This restoration company helps by customizing a Game Plan that establishes ways to constantly build good credit. Their 10+ years of experience in this field works to benefit clients with an array of goals and with purchasing needs. Positive results build your overall creditworthiness.

Reviewing Your Credit Score

Studies have shown that the best recommendation is to review your credit score annually. This does more than show you what the score is. It allows you to determine if there are inaccuracies on the report. Experts say that 79% of the time, these errors exists on these reports. These can only be addressed and removed when consumers know they are there. Collaborating with repair professionals is the best way to respond to these errors effectively.

They will work to represent you in a variety of ways. In some cases, this requires going after creditors for reporting errors. There are also times when legal documentation is necessary to repair credit scores. Each client’s situation will be different and may require different strategies. The time required to do this restoration work is crucial and complex. Investing in these services will help you to maintain your credit by applying better education and practices for your future.


No matter what your situation, Go Clean Credit has a solution. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.

Best Credit Repair Companies in Glendale, Arizona

Are you trying to raise your credit score, but feel lost? Are you struggling to find the right people to do the job? Luckily, we have compiled a list of the top credit repair companies in Glendale, Arizona, to help guide you.

Best Credit Repair Companies in Glendale, Arizona

Go Clean Credit

Go Clean Credit has offered personalized credit correction services as one of the top credit repair companies in Glendale. Restoring your credit can be an intimidating task. Thankfully, Go Clean Credit takes a hands-on approach to meet your needs. Go Clean Credit is a trusted and reliable source, ready to help you deal with all of your credit-related issues. Additionally, Go Clean Credit utilizes a client-centered approach that pairs credit restoration with credit education to keep you on the correct path. Go Clean Credit is one of the top credit repair companies in Glendale for good reason!

Credit Repair

CreditRepair.com is dedicated to helping you develop a healthier relationship with your credit. Their focus is on you, your story, and your determination to make a change. They want to empower you to make a significant, long-lasting lifestyle change that can give you access to your financial dreams. Lifetime score improvement is more than just removing negative items on your report – they’ll repair your credit history, and do it better than the rest – but they’re focused on the story behind that credit score and helping rewrite it to reflect who you are today. They believe in creating a customized Game Plan specifically with your credit goals in mind. Rest assured they employ the fastest, most effective approach to credit repair.

Money Management International

For as long as Money Management International and their predecessors have been around, their purpose has been leading folks in all walks of life through financial and economic challenges and bringing them to a safer, more comfortable place. As a nonprofit, they strive to deliver this aid without bias, without restriction, and without judgment. They exist to serve the families and individuals who need us. Your prosperity is our success. As educators, they strive to go beyond simple fixes and provide our clients with the skills and understanding necessary to overcome today’s challenge and avoid tomorrow’s setbacks. MMI aims to create consumers that can solve their own problems, but never hesitate to reach out for help when their burdens are too great to bear alone.

The Credit Repairmen

The Credit Repairmen focus on Credit Education, focusing on specific things to do and not do for a better credit score – all while building helpful positive credit. They give you access to your own personalized dashboard so that you can track your progress in real time. They are highly trained, registered, bonded and respected experts in credit repair and they make sure your credit is fixed for good so that you aren’t held back again. Their credit repair system is a multi-step step process that puts the power of having good credit back in your hands. They start with a free evaluation and identify the items that are hurting your credit score. They follow that with multiple investigations of those negative items.

Anytime Credit Repair

For 10+ years, Anytime Credit Repair has been in the credit repair industry. Previously, their team worked for one of the largest debt collection agencies in the US. They understand both sides of the fight and use that knowledge to advocate on your behalf. At Anytime they increase your score by removing inaccuracies. Credit reports contain errors 79% of the time. Signing up takes minutes; they only need a few pieces of info and a credit report from each Bureau to start (they’ll show you where to get these). They go after creditors and Bureaus on your behalf, handling all legal paperwork and document processing. If items are not removed on the first round of challenges, they customize and adapt our methods for the next, ultimately having success or your money back.


For more information on the best credit repair companies in Glendale, contact Go Clean Credit to get back on the right track. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.

Credit Score of 588: What You Need to Know

Credit Score of 588: What You Need to Know

So, you’ve got a credit score of 588. Now you’re left wondering if it’s good or bad. Lower numbers communicate to lenders that you’re a risky investment. This informs whether or not they approve you for loans or credit cards.

If your score falls below 619, FICO says you have “poor” credit. You’ll receive high-interest rates if approved at all. The best option? Understand the situation and work to improve it.

Credit Score of 588: Home Loans

Is it possible?

PROBABLY NOT — You need a credit score above 620 to secure a reasonable mortgage.

If you have a credit score of 588, you likely won’t get approved by most lenders. On the chance you do, expect to pay interest rates as high as 5-6%. Loans through the FHA (Federal Housing Administration) are your best bet, but it’s still a long shot.

Credit Score of 588: Car Loans

Is it possible?

YES — You can definitely buy a car with this score, but you’re going to pay for it.

Lenders may approve your application, but it’ll be accompanied by a high-interest rate. Honestly, it’s a good idea to wait on these loans and focus on raising your score.

Just 70 points make a huge difference…

In 2018, the average amount borrowed for an auto loan is $31,099. However, that number is just one half of the equation. To give you a better idea of how a high-interest rate affects you, let’s look at an example.

Below, you’ll see the 3 most common auto loans: 60-month, 48-month, and 36-month. For each type, there’s a comparison between someone with a credit score of 588 and 648.

Loan Type Credit Score Annual Rate Monthly Payment Total Added Cost
36-month new auto 588 15.867% $1,091 $2,986
648 10.334% $1,008
48-month new auto 588 15.865% $879 $4,080
648 10.364% $794
60-month new auto 588 15.938% $755 $5,266
648 10.438% $667

 

Credit Score of 588: Credit Cards

What’s the best credit card for a score of 588?

OPTIONS ARE OUT THERE — It’s difficult to get approved with a low score, but possible.

At 588, credit card companies see that you’re just shy of an average score. For this reason, you may be able to qualify for both secure AND unsecured cards.

Here are a few recommendations:

Card Name Annual Rate Annual Fee Secured/Unsecured
Credit One Bank Visa 17.49% – 25.49% (Variable) $99 Unsecured
Milestone Gold Mastercard 23.90% $35-$99 Unsecured
Open Sky Secured Visa 18.64% (Variable) $35 Secured
Discover it® Secured Card 24.49% (Variable) $0 Secured

 

How To Improve A Credit Score of 588

Improving a credit score of 588 to something over 620 should become the main priority. Good credit makes so many things easier, and a bit of diligence will raise your score in no time.

For many, the process may feel overwhelming. Here are a few tips for getting started…

  1. Be smart when shopping for a loan. Don’t apply for several loans or credit card in a row, as this can hurt your score. Also, avoid getting in over your head with how much you owe.
  2. Payback your credit on time. Lenders like knowing that they’re going to get their money on-time, every time. If you show your ability to pay, the score will rise.
  3. Find someone to help you. If small improvements aren’t raising your score fast enough, consider getting some professional help from a credit repair company like Go Clean Credit.

You can do it!

Let the experts at Go Clean Credit help you increase your score by more than 200 points! Our credit repair programs put you back on the path to financial success.  Contact Go Clean Credit today!

Credit Score of 524: Loans, Improvement Tips & More

Having a credit score of 524 means that you have some work to do. Ranked squarely in the lowest tier of scores, you are facing elevated interest rates on any loans and credit you are able to obtain—or rejection from them all together.

There is confusion on how credit scores actually affect car and home loans and credit cards. Will the interest rates be too high for me? Will I just be rejected? Luckily, it’s all answered below.

1. Home Loans

For a first time home buyer with a credit score of 524, you will most definitely be fighting an uphill battle. The majority of loans will reject you outright as your score is lower than their usual threshold of 620 by almost 100 points.

If you do find a loan that is willing to take you, the lower your score, the more that your interest rate skyrockets. With a score that low, the amount of interest you pay on the house could be upwards of half the principal loan, a lofty price to pay for poor credit.

Increasing your score is going to be your best bet to getting a decent home loan. It may take a couple years to fix and it will be frustrating, but even 100 more points on your credit score can improve your chances drastically and knock an interest percentage upwards of 2%!

2. Auto Loans

Car loans are similar in terms of interest rates and possible rejection through conventional means, but a car loan will be at least easier to find. The rates may once again be too high for you to consider this a viable choice, though.

Using the average $27,000 dollars for a car loan and a 60-month loan, a score of 524 could land you an average APR of upwards of nearly 16% and an interest over the life of loan of nearly $12,000 extra dollars!

Once again, it is in your best interest to improve your score or you may fall victim to predatory lending.

3. Credit Cards

Credit cards are not going to be easy to come by, either. This is the unfortunate fact of having a low score. Honestly, obtaining an unsecured credit card will probably be impossible. However, unsecured credit cards, or ones where you must make a deposit to obtain, will be beneficial to improving your score.

Your score may even jump by opening the card. And if you pay off your debt on time every month, the number will continue to climb.

So What To Do?

You will need to improve your score to be put into a more comfortable position. You may be able to get loans, but the interest rates will be high and could nearly double your loan… Start with a secured credit card and work your way up and pay on time every month. You’ll be glad you did.

Let the experts at Go Clean Credit help you increase your score by more than 200 points! Our credit repair programs put you back on the path to financial success.  Contact Go Clean Credit today!

Credit Score of 578: What It Means For Your Life

Credit Score of 578: What It Means For Your Life

So your credit score is 578 – is that good or bad? What does a credit score of 578 say about you? Your credit score reflects your ability to fulfill fiscal responsibility. The lower your credit score is, the larger your risk of having to make a big deposit before making home and auto purchases.

A credit score of 578 falls under the “Poor” FICO category. Scores below 619 often receive the most severe interest rates and terms on credit and loans. The effects can damage a person’s pursuit of happiness. You want to improve your credit score so that you are paying less for borrowing money.

What does having a credit score of 578 mean for home loans, car loans, and credit cards? How do you improve a 578 credit score?

Credit Score of 578: Home Loans

Is it possible?

PROBABLY NOT — For most mortgages, you need to be above a 620 credit score.

Generally speaking, with a score under 578, you may not qualify for mortgages with many lenders. If you do, you should anticipate interest rates ranging from 5-6%. There are a few loans out there, such as those administered by the Federal Housing Administration (“FHA loans”). However, it can still be tough.

The frustration gets real when it comes to housing loans.

Credit Score of 578: Car Loans

Is it possible?

YES — buying a car with a credit score of 578 is still possible, but the interest rate can be pretty high. People with bad credit are always offered higher interest rates than someone with a score only 70 points higher.

The average amount borrowed by auto buyers in 2018 has risen to a record high of $31,099. Here are the cost differences for 3 common types of auto loans accessible in myFICO’s loan savings calculator — 36-month, 48-month, and 60-month new auto loans — between someone with a credit score of 578 and someone with a score of 648.

Loan Type Credit Score Annual Rate Monthly Payment Total Added Cost
36-month new auto 578 15.867% $1,091 $2,986
648 10.334% $1,008
48-month new auto 578 15.865% $879 $4,080
648 10.364% $794
60-month new auto 578 15.938% $755 $5,266
648 10.438% $667

 

Can you believe that a 70-point difference in credit scores results in a difference of $5,266 in auto payment? Don’t let your wallet bleed. If your score changed to a 648 — just a 70-point improvement — you would save thousands of dollars.

Credit Score of 578: Credit Cards

What’s the best credit card for a score of 578?

OPTIONS ARE OUT THERE — If your credit score is a 578, you are only a little short of an average score. It is possible to qualify for an unsecured or secured credit card.

Here are a few recommendations:

Card Name Annual Rate Annual Fee Secured/Unsecured
Credit One Bank Visa 17.49% – 25.49% (Variable) $99 Unsecured
Milestone Gold Mastercard 23.90% $35-$99 Unsecured
Open Sky Secured Visa 18.64% (Variable) $35 Secured
Discover it® Secured Card 24.49% (Variable) $0 Secured

 

How To Improve A Credit Score of 565

There are many reasons to get started, and there are simple ways to go about it.

  1. Be smart when shopping for a loan. Applying for several loans or credit cards in a row can drastically hurt your score. If you pace out your loan shopping in a three-week period, for example, there’s a good chance it won’t count against you.
  2. Pay back your credit on time. Your credit score reflects how well you handle your money and how likely you are to repay a creditor, on time and within terms. Let your credit score communicate your reliability.

You can do it!

Let the experts at Go Clean Credit help you increase your score by more than 200 points! Our credit repair programs put you back on the path to financial success.  Contact Go Clean Credit today!

How to Build Credit Fast – A Quick Guide

how to build credit fast

When establishing credit people often wonder how to build credit fast. You might want to rent an apartment, buy a car, or apply for a job, or even buy a home, but if you have no credit or bad credit these action items might be affected. If you want to build credit fast it is important to understand that having good credit is a requirement as well. No matter what your income level is, everyone has the potential to achieve positive credit fast. 

Here is a quick guide on how to build credit fast:

The breakdown of building positive credit is fairly simple. You borrow a certain amount of money from the lender of your choice and pay it back on schedule while keeping your balance low in relation to your card’s total credit limit. You can demonstrate you are a reliable borrower by paying on time every month. If you happen to stop paying or you pay late, lenders will send this negative information to the bureaus, which will result in bad credit information appearing on your credit report. If you want to build credit fast paying your bills on time is one way to do so. Having a good credit history will determine if lenders will be open to working with you.

Credit Cards

Another way you can potentially build credit fast is to keep your credit card balances low. More specifically you can do this by keeping your balance under 30% of your card’s total limit. For example, if your card has a $1,000 limit, do not carry an account balance of more than $300. If you are real with yourself and know you will use your card more than that each month there are a few hacks for having a lower balance. All you need to do is pay your balance down before lenders report it to the credit bureaus either on or before the statement closing date.

Credit Accounts & Loans

Additionally, you can potentially build positive credit fast by adding a variety of different credit products to your account. You can achieve this by adding a car loan, a credit card, a mortgage, or even adding another person to your account. Adding these different products will allow your score to be easier scored in comparison to someone who only uses a credit card. It is important to note when adding someone else to your credit is a potential risk to you.

Authorized User Option

Similarly, another easy way to build credit fast is to ask someone to be an authorized user on their credit card. When asking someone to add you as a user you can tell them that authorized-user cards do not require a credit inquiry, which means their credit score will not offer. If that person trusts you, you can ask to be authorized on multiple accounts. Make sure these accounts have the highest credit limits if you want to increase your credit score the most.

Start Building Credit Now

There are a few options you have when you decide to build your credit fast. Remember that having some credit is better than having no credit at all, so make sure you establish yourself with an account. You must have at least one open positive revolving account that you have used within the last 6 months in order to receive a good report. If you do not have an account with some type of history you are considered a credit risk. It is your responsibility to show you can handle something as important as credit.


No matter what your situation, Go Clean Credit has a solution. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.