General Credit FAQs
How much does bad credit cost?
If you are making vehicle payments, you are most likely paying between $4,000 and $10,000 more over the course of the loan just for having credit score issues. This added interest shows up every month for a higher payment. Example:
$23,000 Vehicle Financed for 5 Years:
|CREDIT STATUS||Interest Rate||Payment||Interest Paid|
|High Credit Score||3%||$413||$1,796|
What is a Credit Score?
Usually a credit score is between the numbers 300 to 850. The higher your score, the more “creditworthy” you are to lenders.
What is my credit score based on?
Amount of available credit
Recent requests for credit
Amount of credit currently being used
Length of credit history
Your credit score broken down according to myFICO.com:
35% is your payment history, which considers whether or not you’ve paid your past creditors on time.
30% is your amount owed, or how low your balance is in comparison to your credit limit.
15% is your credit history length. Longer credit history showing on time payments is preferred.
10% is your amount of new credit. Research shows opening several new accounts in a short period of time represents a high risk.
10% is types of credit in use including mortgage accounts, installment loans, credit cards, and finance accounts.
Under the Equal Credit Opportunity Act, credit scoring may not use gender, marital status, national origin, race, or religion as factors.
Credit Repair FAQs
How can bad credit be deleted?
Pretty Credit Consultants is hard at work every day challenging damaging and questionable credit entries on behalf of our clients. Utilizing proprietary and absolutely legal methods, Pretty Credit Consultants is a professional organization working for you and your credit. We hold ourselves to incredibly high standards, which is why our process is fully transparent once we begin our partnership.
How long does credit repair take?
What if removed items reappear?
Is credit repair legal?
Challenging items on your credit report is your legal right (FCRA). When you use Pretty Credit Consultants LLC to help repair your credit, we are abiding by all federal and regional laws regulating third-party credit repair assistance.
Will I Get Results?
Do you have a 100% Money Back Guarantee?