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Why You Need Credit Restoration Services if You Have Bad Credit

Credit repair services are offered by several companies to help restore your credit in good form. These companies help you remove errors and negative items from your credit report and restore it. Every company separately deals with this issue. They remove payment issues, bank defaulter list, and mortgage corrections. People with debt and due payment charges are at risk of forced collection and harassment. Restoration companies help you deal with these issues effectively.

One such name in the market is Blue Water Credit – credit restoration services. The company has an office in California and established in 2008. BWC provides credit repair services to customers with debt and due to payment issues. They directly contact with the charging companies to resolve the issue.

The service charges by Blue Water Credit are reasonable with a monthly fee of $149. The service charges also vary with the number of negative items removed from the credit list. They have individual and couple package offers. Every detail is available at the official website of blue water credit repair. Both the package cover some basic features like

  • analyzing credit scores
  • credit repair plan for separate individual
  • communication support for customer
  • online customer registration and inquiry desk
  • A personal case manager
  • Weekly study material regarding the credit repair process
  • Company’s refund policy.

These are the basic set of services every customer will get. But the whole action plan for specific customer varies with the requirement of the credit report of customer.

The company also works systematically. When you hire a professional, it starts with obtaining your credit report. Freely download credit reports from the official websites of TransUnion, Equifax, and Experian as these three credit bureaus deal with the credit scoring process. Then your project manager reviews the credit report to highlight the errors and negative items.

The manager then tries to remove these negative items by challenging them against the objecting companies. It means if you have already paid off the debts and due payments, but you have charges for that, they will be cleared from your credit. This will improve your credit scores.

Bluewater credit repair service has a refund policy as compared to other credit repair services, which earn it massive customer satisfaction. The charges for individual package are $149-199 while for couple package is $249-299.

How to Have Healthy Loan to Avoid Bad Credit Score?

Many people go to Nationwide Credit Clearing without having understanding the term of credit score and how it works. People who have been blacklisted will not be eligible to apply for a loan. Thus, only customers who fall into the excellent credit category will quickly obtain loans from banks or financial institutions. This is because loan performance is considered good, and credit risk is smaller than the other four credit scores. One short-term solution that can be done for those of you who have loan arrears is to pay off all arrears so that your credit score can change in the following month. This can be done by customers who are under Special Supervision Credit. So, start discipline to pay your loan bills to improve your credit score. After all, the longer you have overdue loans, the more interest you will be charged as a form of fines.

Restructuring your loan

It is undeniable that there are customers who cannot repay loans because they have been victims of fraud or have been affected by the disaster. Loan restructuring can be provided to customers who experience these conditions. If you have trouble repaying your loans due to the reasons previously mentioned, then contact the loan officer from the bank or institution where you took the loan. By restructuring the loan, the lender can create a new loan repayment scheme that suits your current financial condition. After your loan restructuring process is complete, then you only need to pay obligations according to the latest payment schedule

So, how to determine a reasonable loan?

It is common knowledge that the maximum installment amount is no more than 30% of income per month if you want to keep your financial condition healthy. So, avoid having installments of more than 30% because the creditor will consider you as a risky customer so that it will worsen your credit score. The bank or financial institution will assess you as a prospective borrower that is trusted and responsible when you focus on paying off arrears on loans before applying for a new loan. Your income is $500 per month. So, the maximum installment along with the interest to be paid per month, is $100. When you buy an iPhone $1200 with a repayment period of 12 months and an interest of 2.95% per month, then the total monthly installments you have to pay is $120. With examples like that, then your installments belong to healthy installment.

More Resources About Credit Repair

https://bestcreditrepairchicago.com

https://www.illinoiscreditservices.com

 

3 Credit Repair Tips

Here are tips to repair your credit

Actively Using Credit Cards

One of the easiest credit repair tips is by actively using the cards. Credit cards become a way for you to improve your credit score quickly. If all this time, you have a credit card, but it is rarely used for transactions, from now on try to get used to it. Of course use a credit card wisely, for example shopping at merchants who work closely with banks and provide various attractive promos. In addition to get easy transactions, you can also improve credit scores.

 Pay Bills On Time

If you have started to actively use credit cards to purchase, the most important thing is to pay credit card bills on time or before the date. Do not be late which results  that you will be being fined. Especially to the arrears of payment of bills so that debt accumulates because of interest expense and eventually your credit score falls again.

Fix Finances and Apply at the Right Time

Try to fix your finances, do you have a debt record of more than 30% of your monthly income? So try to pay and repay the previous debt installments so that the debt portion decreases. If you are sure your financial ability is improving, you can apply for a loan or credit to the bank.

 

 

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