Credit scores in the United States can be as low as 350 (worst) and as high as 850 (best). A score of less than 560 is generally considered to be a bad credit score.
If you have a bad credit score, that means you are a high risk to lenders, credit card companies, and banks. You could be turned down for an auto loan, charged higher insurance premiums, or even be denied a place to live.
Many people who have a bad credit score are not necessarily a bad credit risk...especially since mistakes are rampant on credit reports. Let Kahlua Credit dispute your questionable bad credit and restore your score to where it should be.
United States law affords every citizen a number of credit rights that you can use to make the most of your credit score. Some Consumer Credit Laws are:
The Fair Credit Reporting Act
The Fair Credit Billing Act
The Fair and Accurate Credit Transactions Act
The Fair Debt Collection Practices Act
Kahlua Credit exercises your rights on your behalf to correct your credit. Let us put our 30+ years of experience to work helping you repair your credit.
Since your credit score is based on five factors (Payment History, Credit Utilization, Length of Credit History, Recent or New Credit, and Types of Credit or Diversification of Credit), there are some things you can do in the long term to improve your credit:
1. Obtain Your Free Credit Report once every 12 months. This will help you keep tabs on unusual items or accounts appearing on your report.
2. Manage Your Credit Card Balance. Try to keep the balance on each of your credit cards below 30% of your credit line. Also, don't close any unused credit cards because then you can keep a lower ratio of credit card debt to available credit.
3. Dispute Credit Card Errors. Credit bureaus need to be made aware of inaccurate information. You have the option to do this yourself or hire Kahlua Credit, a credit repair company, to contact the bureaus on your behalf.
4. Pay Bills on Time. Don't want until the due date, pay your bill the day it comes in if you can. Automatic online bill payments can save you the hassle of having to remember.