About Negative Credit
About Negative Credit
Contact us at(888) 990-9978
NO LAW REQUIRES NEGATIVE INFORMATION TO REMAIN ON YOUR CREDIT REPORTS
Negative credit information can stay on a report for as long as 7 to 10 years. And in the case of a collection account being sold from one collection agency to another, the negative entry can remain on your files for even longer.
Recent studies by several “Consumer Advocacy Groups” concluded that up to 70% of consumers have inaccurate information that falsely portrays a negative credit rating. Because of negative entries on credit reports consumers are forced into paying higher interest rates on loans, insurance and denied the ability to rent and obtain employment.
The good news is that federal law allows you to review your reports and challenge the negative or derogatory information. Despite the fervent claims that negative information must stay on your credit reports, Credit Team has deleted or upgraded thousands of negative entries for their clients.
COST OF NEGATIVE CREDIT INFORMATION
Compare What Good Credit Can Do For You |
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Example: $200,000 Mortgage Loan – Paid Over 30 Years
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Credit status
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Rate
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Payment
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Cost of bad credit
|
Perfect
|
5%
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$1,073.64
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least amount
|
Good
|
7.5%
|
$1,398.43
|
$116,920.42
|
Mildly damaged
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9.9%
|
$1,740.38
|
$240,026.79
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Damaged
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12%
|
$2,057.23
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$354,073.21
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$20,000 Car Paid Over 5 Years
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Credit status
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Rate
|
Payment
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Cost of bad credit
|
Perfect
|
4.9%
|
$ 376.51
|
least amount
|
Good
|
9%
|
$415.17
|
$2,319.43
|
Mildly damaged
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19%
|
$518.81
|
$8,538.20
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Damaged
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29%
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$634.84
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$15,499.43
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Don’t wait 7-10 years. Call the Credit Team today and begin restoring your credit.
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