Credit Dynamics

Credit Dynamics Improve your credit by using The Credit Dynamics. We specialize in removing questionable, inaccurate

07/04/2022

Have you ever asked yourself, how is it that different bureaus and institutions have my information, if I haven’t given it to them?

Good question, especially when dealing with sensitive information, but no worries, let’s break itdown.

To start off, anytime you apply for a new line of credit you’re giving that bank or lender permission to use your information; they then pass it on to other lenders, bureaus, financial institutions, etc.

Typically, this information is used to determine your credit worthiness, to raise or lower your credit limit, create scoring models, manage accounts, and is just to name a few.

Equifax, Experian, and Transunion are the three major credit bureaus; their job is to collect, store, and sell credit information on millions of consumers.

The main way that credit bureaus make their money is through creating and selling credit reports, but they also create products to educate and services to monitor credit as well as your identity.

There’s no need to be worried about the selling part though because it’s not like random individuals can just purchase your report, with all your information, they’re selling and exchanging information with other bureaus and lenders.

What’s on your report? Let’s find out sometime.

06/27/2022

Not every summary of your credit score or file is considered a credit report. In fact, you’d be quite surprised to learn that what you’ve been considering a credit report is actually a consumer disclosure.

If you’ve ever received information from annualcreditreport.com, IdentityIQ, or Privacy Guard then you’ve probably realized how consumer-friendly it is; that’s because it’s a consumer disclosure.

What is a consumer disclosure? It’s a report that contains all the data from the bureaus and the information is “pretty looking”; in other words, the information is easy to read and understand.

An actual credit report gets into the “nitty-gritty”, it includes all of the adverse codes or reasons why the score wasn’t higher, as well as information on who the account belongs to.

So, we learned that consumer disclosures come from 3rd party sites, but where do you find credit reports?

Typically reports come from lenders, like mortgage lenders; the information they receive comes directly from the bureaus, it isn’t meant to be consumer-friendly.

06/20/2022

Have you ever tried disputing something, only to realize that you’re not dealing with the bureaus or original creditors anymore?

See, sometimes debt gets bought or collected by 3rd parties and now you’re stuck dealing with them. Debt buyers buy debt from creditors, for pennies on the dollar and now own the rights to it.

It’s harder to dispute with them because they now have invested in getting the debt and rights toit, in other words, they’re looking for a way to make a profit off it.

Sometimes a collection agency will get ahold of the debt, but rather than own it they’re just looking to collect what’s owed to the original creditor and get a commission from that amount.

Collection agencies have more rules and regulations to follow; debt buyers are excused from most of these stricter policies because they own the rights, as opposed to working on behalf of someone else.

It’s important to know who you’re working with in order to go about the dispute process the correct way instead of wasting your effort.

In any case it’s important to consult with professionals, whether it be an attorney or credit repair agency, to know what steps you should take next.

We’re here to help when you’re ready.

06/13/2022

You may be holding off on buying a home because maybe your credit isn’t as great as it could be, or maybe it’s because saving up to put 20% down seems a little steep.

We get it, there are a lot of reasons why you’ve been putting off buying a house, but what if we told you that there are plenty of resources at your reach to make home-buying easier.

First off, you don’t need to have a perfect score to become a homeowner; you also don’t have to worry about negative information, like foreclosures or bankruptcy, stopping you.

In fact, there are loan options that see past the bad score and occurrences, some even let you have a FICO score as low as 580.

VA loans help veterans and service members get a house with no down payment and with less than perfect credit.

So maybe the VA loan isn’t for you, have you considered the FHA loan, it can help people with scores as low as 600, 620, or even 640; one thing to note, the lower your score, the higher your interest rates.

Now about that down payment, again you don’t have to put 20% down, there are grants and programs, that are backed by the government, that help cover closing costs or even down payments.

Even though there are programs and loans to help you out, pretend like those options aren’t there; improve your score, lower your credit balances, limit your inquiries, check your report,and start saving.

Like always, we’re here to help.

06/06/2022

“I’ll see you in court”, never words that anyone ever wants to hear, right?

Now as scary as this may sound, not all debt collectors mean it, some are all bark and no bite; however, some will sue, but no worries these are a couple of things you can do.

You may be wondering, is this debt collector bluffing; well, an easy way to tell is if they’re making threats or hinting at it, but not pursuing it.

Sometimes debt collectors use this as a form of intimidation to collect on what’s owed.

If they’re being persistent, then get them to put it in writing because if they’re acting like law enforcement or as an attorney, then they could be in violation of “The Fair Debt Collection Practices Act.”

In other words, you could flip the tables if you get them to send you what they’re saying in writing, contact an attorney, get the debt forgiven or reduced, and even get money back.

If you do receive a summons to appear in court, whether it be through a sheriff, server, orconstable, then it’s pretty safe to say they’re sticking true to what they said.

Don’t ignore it because if you don’t show, then you’re losing the chance to defend yourself; also,the credit agency or collector will win by default and with their terms.

The best thing you could do is get in touch with an attorney that deals with consumer debt and respond to the issue; chances are you could have the debt dropped, reduced, or settled.

Like always, we’re here to help with fixing your credit when you’re ready.

Sincerely,

05/30/2022

There’s no way to instantly get you to that 850 credit score or even an unlimited credit limit, but there are ways to help you get there eventually.

Whether you’re just beginning your credit journey, or you’re on the road to repairing it, here are a few suggestions.

Apply for a secured credit card, these are great because you’re guaranteed approval, there’s no credit check, and you’re providing a security deposit in case you can’t make a payment.

The way they work is that your security deposit will serve as the limit, so if you give $300 as your deposit, then that will also be your limit.

These are recommended for new credit users because you can build consistent payment history and not worry about lenders considering you a risk since you’re borrowing against yourself.

Once you build up enough payment history, then that card can be converted to an unsecured credit card, depending on your issuer, or you can now apply for a new line of credit.

Two great unsecured credit cards to apply for that are beginner-friendly are from Bank of America and Capital One Bank; they typically require lower scores to get approved, making it easier.

Another way to build credit is to become an authorized user, also known as the “piggyback”method.

Normally you would ask a parent, spouse, or trusted individual who already has established credit to add you into their account(s) and as a result, you benefit from their history and limit.

In other words, this boosts your average credit length, amount of available credit, and score, as a result, you can now apply for better credit cards, loans, etc.

If you need help fixing and building new credit, we’re here to help.

Sincerely,

05/23/2022

Checking your credit score is important and we understand that you want everything to be as accurate as possible, which is why we understand your concern when you see something seriously wrong.

Imagine this, you’re checking your report and you realize that there are multiple new credit cards opened in your name, all maxed out, no payments made, and a large drop in your score.

Or what if instead of credit cards you notice a new loan, on your report, no payments made, but it says it was issued to you and now your credit score is taking a hit as a result.

It’s frustrating, but it happens and here’s what to do if you’ve been the victim of identity theft.

First, file a police report, you want to make sure that you have a record that this isn’t your doing.

Second, get an affidavit, this is just a statement of facts that these aren’t your accounts. Also get it notarized because you want to have a witness that this isn’t your activity.

Third, you want to send each of the bureaus a letter, along with the police report and affidavit; remember to keep it short and simple: include your info, the account numbers, the police report, and the affidavit.

Once you do all of this, the fraud accounts and damage should be deleted off your account.

You’re probably thinking, this sounds like a lot of work for something you didn’t cause, well here are some tips on what you can do to prevent identity theft.

Look into a credit monitoring service that also offers identity theft insurance; this allows you to detect any suspicious activity and stop it a lot sooner.

Also, if you feel like something is suspicious, then contact one of the credit bureaus to put a fraud alert on your report, they will then let the other bureaus know to do the same.

If you’re a victim of identity theft or want to see how we can help you improve your credit then I hope you’ll give us a call.

Sincerely,

Credit Dynamics

Picture this, you’re beginning to fix your credit, so you start by reviewing your report, only to find some information ...
05/16/2022

Picture this, you’re beginning to fix your credit, so you start by reviewing your report, only to find some information that is wrong.

Maybe there’s a payment that’s been marked as late, even though it was made on time, or maybe there’s an inquiry that you don’t recognize; all of these are valid reasons to begin a dispute.

In order to get the credit bureaus to delete incorrect information you first must create a letter; that letter has to contain your information, what was wrong on your report, and what you want the outcome to be.

It’s important to know how to structure a dispute letter because credit bureaus are using a more automated process than personal one to review investigations, so you need to know which words to use and which ones to avoid.

Getting any information taken off your report is much more than simply sending a letter, there must be some kind of strategy and structure to it all.

At Credit Dynamics, we know what should be included inthe letters and how to structure them so that you get the results you’re looking for.

We are not just randomly sending letters and crossing our fingers hoping to see results; we are doing everything we legally can to improve your report as much as possible.

I’d love to chat about fixing your credit when you’re ready.

Sincerely,

Credit Dynamics

05/09/2022

I wanted to introduce you to Alex.

Alex’s story may sound familiar.

Alex had tried the big brand credit repair companies before. You know, the one with LAW in their name.

And just like many of our clients, he achieved little to no results with them.

Frustrated and determined, Alex searched and searched for a company that would honor their commitment to him.

Then finally Alex found Credit Dynamics.

After a 10-minute discussion, Alex felt at ease knowing that FINALLY, a company understood his frustration and pain.

After just a few short months, Alex was able to achieve his goal.

All he needed was someone in their corner to work hard and fight the bureaus and collectors on his behalf.

If you’re tired of searching and want a company committed to getting you results then please call us at (855) 715-2440 and let’s talk about how we can help you.

05/02/2022

Maybe you’ve heard of us, but just don’t know much; well, let’s change that.

Now you might be wondering, is credit repair even worth looking into or is it even legit?

Reasonable questions, especially when dealing with something as important as your score and report.

While other companies talk about being the best, we let our reviews and rating speak for us; we have over one hundred reviews on Google and a 5 star rating.

Here at Credit Dynamics, we pride ourselves on our honesty and the work we put in to make sure we can improve your credit standing as much as possible, even if we can’t guarantee success 100% of the time.

Remember, credit repair is a lengthy process and not one that most people want to deal with, so let us help you reach your financial goals, by dealing with those bureaus and lenders for you.

To learn more about our services and what we can do for you, use the links below or contact one of our experts to help you on your credit journey.

Credit Dynamics

I’m sure by now you know about the importance of hiring professional help to overcome the systems and processes the cred...
04/25/2022

I’m sure by now you know about the importance of hiring professional help to overcome the systems and processes the credit bureaus and debt collectors have set up to make you fail.

And you may ask yourself, but what about REAL RESULTS?

I wanted to ease your mind and show you what our clients are actually seeing with a professional credit repair service like ours.

As you can see, our clients are seeing amazing results when a professional handles their credit restoration process.

Call us at (855) 715-2440 and let’s discuss how we can help you improve your scores today.

Sincerely,

Credit Dynamics

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5845 Carlton Way
West Hollywood, CA
90028

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