Credit Analysis For Credit Repair
Here at T and T, we can provide you a hassle-free credit analysis to help you understand everything in your credit report. One of our analysts will go line by line with you to show you how these items impact your overall score.
We know you want a better score, and you deserve one! That is why our analysts offer nothing but the best results for you. To do that, our analysts apply the same steps the credit bureaus use to calculate your score.
STEP 1: PAYMENT HISTORY - 35%
STEP 2: TOTAL DEBT - 30%
The bureaus check if you have late payments, when it was, and how often it happens.
To increase your score, you should make payments below 25%-35% of the available credit line.
In general, the higher debt loads you have, the worse it becomes for you. That is why you should never spend more than 25%-30% of your credit line, even if you pay it in full each month.
Just like how you should not exceed the use of your credit line after a certain amount, you also cannot just close an old account because that can hurt your score. In fact, the longer you had that account, the better.
STEP 3: DURATION - 15%
STEP 4: NEW CREDIT - 10%
Though the negative effects of applying for new credit cards are minimal and short-term only, you need to know that you show yourself as a high risk if you open multiple credit lines all at once.
STEP 5: TYPE OF CREDIT - 10%
The bottom line is, now that you know what the significant factors in play when it comes to your credit score, you should be able to help us and yourself raise that score further up to the point you want it to be!