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Can I really repair my own credit? US Credit Laws give you the right to dispute any listing on your credit reports that you feel may be inaccurate, untimely, misleading or unverifiable. If a credit bureau can't verify the accuracy of an item that you dispute, by law they must remove it from your credit report. Credit Repair Companies can do this for you, but they can be very expensive (and many of these companies buy their software from us). Credit-Aid Software is the affordable alternative. It guides you through the process of ordering and examining your credit reports, generates all the necessary paperwork and tracks the entire process. It can save you thousands of dollars and hundreds of hours of valuable time. How can software help me to repair my credit? Our software can save you hundreds of hours in helping to automate the process; generating all the letters you need, guiding you, and helping you to organize and track your progress. If you'd like to see exactly how it works, please watch our four minute video tour (see link at top of page).. What does a low credit score really cost me? A higher credit score can save you an enormous amount of money because it usually means a lower mortgage interest rate. It also can mean the difference between qualifying for a loan or not. According to Fair Isaac, lenders would probably demand a 9.8 percent interest rate on a $300,000, 30-year fixed mortgage for a borrower with a credit score between 500 and 579. That would translate into a $2,585 monthly payment for principal and interest. But a borrower with a score between 760 and 850 seeking the same loan would qualify for about a 6 percent rate that would cost just $1,796 a month for principal and interest. That savings of $789 each month would total $284,040 over 30 years! Do you know what your credit score really costs you over the life of a loan? If your score is above 720, you should have no trouble qualifying for a low rate loan. But the lower your score is the more difficult it will be to qualify, and the higher the interest will be. Your monthly payments can be over 40% higher with a low score!Here is a chart that illustrates the effect a low credit score can cost you over the life of a loan:
*Based on a 30 year $200K loan @ 5.6% interest How your FICO (Credit) Score directly affects your Interest Rate: FICO stands for Fair, Issac & Co. They're the folks who created the mathematical formula used to calculate what is commonly called the FICO score. This three-digit number, is a big, determinant in whether or not you get a mortgage or any other type of loan. FICO helps banks, credit card issuers, auto loan companies and other lenders decide if you're a good credit risk. It also makes a difference in the interest rate you're offered. Obviously, the higher your score, the more likely you'll be approved for a mortgage (and one with a low rate).
(*based in August 2007) When you order your Credit Reports from the Annual Service, you will not see your credit score. Here is an alternative source if you are seeking an actual credit "score": Free Mortgage CalculatorUse this Mortgage Calculator to calculate Monthly Mortgage Payments based different interest rates
CREDIT REPAIR COMPANIES ARE EXPENSIVE OVER 70% OF ALL CREDIT REPORTS CONTAIN ERRORS! A study conducted by US Public Interest Research Group (US PIRG) showed the following shocking results: "79% of the credit reports surveyed contained either serious errors or other mistakes of some kind. These errors result in lost jobs, denied mortgage applications, and higher interest rates for those who do obtain credit." - U.S. PIRG web site http://uspirg.org
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"Your program is fantastic! I raised my credit score 182 points in 30 days and saved thousands on my home loan!" "Editor's Choice: A powerful, user-friendly program that delivers what it promises." "This company was WONDERFUL to deal with; the greatest customer service on the net!!" "A bad credit score can negatively impact a person's ability to obtain a decent mortgage. I help my clients with Credit-Aid Corporate PRO 1000 Software. It's simple to use and effective. Thank you for a wonderful and reasonably priced product!" "I was able to buy a home -- even with my bankruptcy! Thank you for such a wonderful product!" "I most most impressed with how far they were willing to go to help me as I was having a problem with my computer. This product is awesome." "I LOVE this Software! Prior to using it, I spent quite a bit of money on an expensive "credit repair company" that did NOTHING but take my money! Credit-Aid Software has made it very easy for me to repair my own credit. In my first month I saw huge results and was able to qualify for a better rate on a Refi. Thank you Credit Doctor!" "Great services...great software, this application will help many people to work faster and better with their credit. Thank you Credit-Aid!" "My order was handled very well. I'm pleased with every aspect of my shipping of items, and they communicated well with me. Thank you very much!" "It is evident that the publisher has done his homework and researched the necessary requirements, provided comprehensive information yet been able to keep it concise so that the user is not overwhelmed. Of all the credit repair companies for profit, non-profit, Credit-Aid is to be the best choice for price, capabilities, ease of use, and informative without the superfluous legaleze...a Superior product!"
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