Providing home loan mortgage financing in Lake, Geauga, Mahoning, Columbiana, Erie, Sandusky, Seneca, Wyandot, Putnam, Hancock, Ottowa, Fulton, Williams, Henry, Defiance, and many more Ohio counties.
Providing financing in Lucas, Cuyahoga, Lorain, Medina, Wood, Summit, Montgomery, Licking, Deleware, Warren, Hamilton, Butler, Franklin, Fairfield, Stark, Wayne, Knox and many other Ohio counties.
Providing home mortgages in Findlay, North Ridgeville, Highland Hills, Beachwood, Moreland Hills, Ashtabula, Rock Creek, Delaware, Franklin, Brunswick, Geauga, Grafton, Lorain, Green, Bath, Sandusky, Port Clinton, Huron and many other Ohio communities.
Providing mortgage financing in Cleveland, Cincinnati, Toledo, Bowling Green, Columbus, Akron, Canton, Avon, Strongsville, Avon Lake, Solon, Dayton, Medina, Wooster, Youngstown, Alliance, Mentor, Elyria and many other Ohio cities.


What's the Quickest Way to Increase My Credit Score

What's the quickest way to increase my credit score? - Delinquencies are just one reason credit scores fall. Most people do not realize that balances on revolving credit has a huge impact on your scores as well. As a rule of thumb, you ideally want to keep your balances on credit cards, equity lines, etc. below 35%.

The first thing you should do when trying to improve your credit score is to obtain a current credit report from all 3 credit bureaus (Equifax, TransUnion, and Experian). This will let you know exactly what is hurting your score the most, and give you a chance to identify anything that is being reported inaccurately. Dispute any errors immediately with each bureau to begin getting your credit back on track.

If you have any errors on your credit report then this is where you want to focus your energy.
Call the creditors that have reported the error and obtain a status letter about the history of your account. This might take some effort if this is a collection agency but well worth the effort.
Once you have the letters stating your status, mail the letters in the credit agencies for an update. The update process will take about 30 days.

When is the last time you requested a credit limit increase? A higher credit limit can increase your score because it reduces the ratio of credit used to maximum balance. A good general rule for optimizing your credit score is to call you credit card companies every six months to request a credit limit increase.

Many credit vendors offer "rapid rescore" type products, which tell you exactly what items to correct and what effect it will have on the credit score. Usually, you can fax the documentation needed and have the score raised within a few days. There is an extra charge for this type of rapid rescore.

If you have zero credit and cannot qualify for a credit card or car loan, never mind a mortgage, a secured credit card is always a great place to start. Most banks provide secure credit cards. You bring them the amount you wish to open the card with. Some banks may have minimum limit requirements. For a $300 card you would deposit $300 into the secured credit card account, and the bank literally draws off your own money, not taking a risk to their own funds, while still giving people the opportunity to build initial credit. The credit bureaus typically estimate that such a card will generate a positive impact in roughly six months. Then, unsecured cards and other charge cards may be available to continue building credit depth and better scores.

Can you get a brand new credit file? - Many companies out there will claim to be able to get you a "clean" credit file with all 3 major credit bureaus. They will set you up with a new "identification number" that you can use instead of your social security number. This is also known as "file segregation".

The truth is, this is a felony. Any time you apply for credit and give a false social security number, you are opening yourself up to FTC investigations and criminal actions. So don't be misled by the claims of "perfectly legal", "its your right" and other lies.

If you have had some credit problems in the past there are many companies who can legally repair your credit history.

You can however create an LLC and establish credit under your federal tax ID number. This is legal. It is important that if you apply for credit for yourself you never use the LLC ID number. The LLC is its own separate entity.

Filing for bankruptcy will provide you with almost brand new credit after a few years of the bankruptcy being discharged. Filing a bankruptcy can wipe out most, if not all of your current debts, and provide you with a clean slate to make a new start. It will probably take a little while for you to be able to obtain reasonable credit again, but it may be your best option to give you a fresh start and free you from the burden of debt you have accumulated. Consult a BK attorney to find out if filing for Bankruptcy may be right for you.

Post Bankruptcy Credit Rebuilding - During bankruptcy your credit will be damaged from creditors updating account status as "account included in bankruptcy" These accounts will all have an unpaid balance. The first step in increasing your score after your bankruptcy is discharged is to update these balances with zero. Send out letters to the agencies indicating "included in bankruptcy, change balance to zero". Your score will increase for each account with this status change.

You can continue to rebuild your credit by getting a secured credit card. With these cards you deposit a set amount of money which you can then draw on using the charge card. These card's are reported to the credit bureaus the same as a regular or unsecured credit cards. Be sure to shop around to find the card with the lowest fees.

Getting a cosigner is a great way to re-establish your credit rating after a bankruptcy. Get a small loan that you can easily repay, and make all the payments on time. Once this loan is paid off, go back to the same place and ask for another loan, this time on your own.

When applying for a mortgage after a bankruptcy, the lender will closely scrutinize your payment since the discharge date. The lender wants to see a perfect payment history with no thirty day lates on your mortgage history or other consumer credit lines. If you have multiple late payments following a bankruptcy the lender may see this as a continuing pattern and it could be difficult to qualify for a mortgage.

When considering rebuilding your credit after bankruptcy its important to realize its going to cost a little interest. The secured credit cards will have higher rates, that's ok. One trick is to open a jewelry account with a jeweler that offers in house financing. Make sure they report to the credit bureaus prior to opening the account. Some offer the financing but don't report. You can finance a piece of jewelry for 6 months. Make sure you don't pay it off early. The entire goal is to have the item report positive on your credit.

Continue to follow up and review your credit report. Many times, old accounts that have been cleared will continue to linger on your report. Take a look at your credit report periodically to make sure there are no errors.


If you have any questions regarding our products, you can contact us by calling or e-mailing us and we'll get back to you as soon as possible. Thanks!



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