Discover financial freedom in Denver, Colorado – a gorgeous downtown, nearby mountain range, colorful history, and one of the most educated populations in our nation. Denver is also going above and beyond the concept of sustainability, implementing a wide range of tactics that offer communities renewable energy and environmental cleanup. The commitment to recycling programs fuels the “green” living of the region, providing eco-friendly solutions to its residents and the earth.
While Denver is on top of most things, its average credit score of 687 is in immediate need of improvement. Statistics show that the credit score of Colorado residents is gradually on the rise, and Denver could benefit from the positive trend happening across the state. Checking your credit score and reviewing your credit reports does not have to be a source of anxiety and horror. Millions of U.S. citizens face a combination of household debt, financial crises, and medical costs that accumulate at a rapid pace and leave them hanging in uncertainty. You don’t have to suffer similar predicaments if you take action now and begin your credit repair journey.
Financial Freedom in Denver – Where Should I Start?
Will Rogers once remarked, “If you find yourself in a hole, stop digging.” Take the philosophical advice of wisdom and translate it into actions – don’t tarnish your already less than perfect credit. Being in debt is a constant battle in the frontlines of uncontrolled spendings and an inability to repay your financial obligations. Step away from the damaging habit of credit abuse and begin paying off your balances to minimize your credit utilization ratio and get out of debt. This is the initial step essential for getting your credit act together. By designing a realistic budget that you can commit to, you will build a framework for your subsequent attempts. Trimming the spendings will stop additional debt, and you may be able to see the efforts reflect on your credit report in no time.
Addressing Current Debt
With a budget at hand, designate a portion towards paying off your current debt. Any additional cash or income that comes your way, such as tax return, should be applied to your outstanding balances to reduce the impact of a high credit utilization rate without sacrificing much of your savings. If you can only afford the minimum payments, begin with that approach until you get back on your financial feet and contribute more each month. Keep in mind that your interest rates are applied to your balances, and by paying the minimum, you may not see a significant decrease in your total dues.
Remember always to make your payments on time, even if you can only provide a minimum amount each month. Missed or late payments are key players in the bad credit arena, and their impact will reflect on your credit reports for up to seven years.
Reviewing Your Credit Report
Once you have your finances and spendings under control, it is time to take a look at your credit report. Your credit file is essentially a list of all your previous activities that ultimately account for your credit score. It consists of a few sections that require a frequent and thorough examination, including your personal identifiable information, payment history with all the open and closed accounts, all credit inquiries, and public records consisting of bankruptcies, foreclosures, and court cases. It is not uncommon for your credit reports to contain mistakes, inaccuracies, and fraudulent entries that can be removed with a successful dispute process.
You can access your credit reports for free once every twelve months from the only authorized portal, annualcreditreport.com. It should provide you with the three credit reports from all three nationwide credit bureaus.
Disputing Inaccurate Credit Report Entries
Once you obtain the free copies of your credit report, do some digging. Review it scrupulously, and if you spot an error, draft a dispute letter or download a free template online where you can fill in the missing information. Before sending it to all three credit reporting agencies, highlight the inaccurate information on your credit report and attach it to the dispute letter. Provide all supporting documentation to make your case, such as invoices of paid bills, and send the dispute via certified mail.
Give the credit bureaus time to investigate and communicate your case with the corresponding lenders, usually around 30 days. If you do not get a response after the time has passed, follow up to ensure your dispute is being processed or resolved. Keep in mind that the entire process may require many feedbacks and repeats until your inaccuracy is concluded.
Why Hire a Professional Credit Repair Company?
Pyramid Credit Repair takes care of the bureaucratic dynamics of the entire credit repair procedure. With long-standing relationships with financial institutions, we possess the industry’s diplomatic skills and expert knowledge to help your case quicker and make the entire process as painless as possible. Pyramid Credit Repair has an unblemished reputation in the credit repair enterprise, offering free initial consultations to all consumers and helping you affordably fix your credit and boost your score. Our researched and analytical approach provides a foundation for legitimate and successful credit repair without keeping our clients in the dark.
Throughout the process, we ensure you understand your rights as a consumer and obtain adequate knowledge of the credit realm. This will help you maintain financial stability and proper credit management in the future, long after our work is done.