| Max-Out Your Credit Score |
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Did you know that 7 out of 10 credit reports contain errors that can lower your credit score or worse, prevent you from qualifying for a loan. Many consumers learn of their *credit scores through **”free credit report”, however, there are no credit analysis tools to validate the scoring of a credit profile. Millennium has the technology. We can give our clients a customized re-scoring plan that will indicate what errors have been discovered, how we plan to fix them and how many extra credit points to expect. All within the next 72 hours. Data errors can be detected in any credit file even reports with higher scores. Bad data can often create bad scores. We use a new technology to detect these errors. It is a computer assisted, credit analysis tool that detects previously undetectable credit errors that lower scores. The analysis is complete enough to drill down to every tradeline (creditor) to see every single comment and remark issued by the ***bureaus. Are there other ways to increase your credit scores? Absolutely yes!!! Some situations may require documentation on your part for us to submit to the bureaus and then rapidly re-score your file. Perhaps re-arranging some debt will help. Or running and re-running different scenarios to see how credit scores are affected. Prior to any changes being submitted you can see, via emailed report, exactly what the potential scores will be. What will this cost me? Millennium Mortgage or Jamber Corporation is not in the business of credit repair, however, our company policy is to help our clients receive the best finance terms available subject to assets, income and credit worthiness. We do not feel any consumer should be subject to a more expensive loan due to credit errors and creditor reporting errors. Credit services provided by Millennium are free, however, the hard costs charged by outside vendors may be passed through to the borrower with borrower consent and signature authorization of invoice with detailed items to be completed and their associated costs. Credit Defense The credit reporting system defends against potential fraud and identity theft. It taps into proprietary Experian databases comparing your profile to potential unauthorized credit use and discrepancies. Automatic FACT Act Disclosure Mailing When we pull your credit report you will receive you FACT Act disclosure letter via first class mail. You will see Millennium Mortgage's or The Jamber Corporation's name and address and the names of the credit bureaus used, the credit scores and the full reason codes. Tip: Your Credit Standing is under your control……..unlike the economy!!!!!!!! 2008 Economics in a nutshell: Fed lowers rates to make it easier to lend and borrow money. Fed’s lowering of rates has caused devaluation of the dollar. Devaluation of the dollar has caused gas prices to go up. Due to increasing gas prices, increasing transportation costs thereby goods and services. All these signs of inflation have caused interest rates to go back up again. Fewer consumers can qualify with higher rates and even fewer lenders can lend due to stricter guidelines. *Credit Scores: Most creditors like Visa, Ford Motor Credit and Master Card transmit any delinquent accounts 30 days or more to usually all the big three credit bureaus Experian, TransUnion and Equifax. When a lender pulls your credit report each of the big three provides a score based on paying on time, amount of debt, length of time using credit, variety of accounts and the number of accounts/types of accounts opened recently. The FICO is short for Fair Issac Corporation and is the number lenders use to determine risk. **”Free Credit Report”: Many people assume that if they get a copy of their credit report from one of the bureaus, they’ve done everything they need to do. But the reality is that the information Equifax has is slightly different from the information Experian has, and the information Experian has is slightly different from the information that TransUnion has. The difference may be important enough that a few missing trade lines can have a noticeable impact. Also, you could have a perfectly clean Experian report while your TransUnion report could have some negative items on it in error, or vice versa. ***Bureaus: They are the big three: Experian, Equifax and TransUnion.
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