How are renters and homeowners are being affected by coronavirus and the lockdowns? It is estimated that around 11.3 million Americans will not be able to pay their mortgages or rent over the next 12- 18 months without some sort of PPP or government subsidy. This will of course, cause people’s credit to get crushed. People already are experiencing financial issues that lead to poor credit. My team and I can help correct that and our back office on our website has software that automatically runs through a credit report so we can generate letters to mail to the bureaus very quickly.
Below are some linked articles that can give you some great information about your credit score and how to protect it during these unsure times, whether you are looking to purchase a car, buy or lease a home or apartment, have student loans, and more.
Best Credit Sources-
If you are wondering where or which source you should use to pull credit, there are 3 options for you to consider. Click to read Best Credit Sources.
Student Loan Forgiveness-
According to Forbes Magazine, Student loan debt in 2020 is now about $1.6 trillion. This is the second highest consumer debt category behind mortgage debt. There are 45 million borrowers who collectively owe nearly 1.6 trillion in student loan debt. Click to read more about Student Loan Forgiveness.
How, Where, and Why to get FREE Credit Scores-
Several banks and credit unions, including Bank of America, Citi, and Pentagon Federal, allow some or all cardholders to view free FICO scores. Or you can sign up for Credit Scorecard from Discover for a look, even if you don’t have a Discover card. The site uses information gathered from Experian. Most other services show you your VantageScore, based on information in your TransUnion report, though Credit Karma displays scores from both Equifax and TransUnion. Click to read article- How, Where, and Why to Get FREE Credit Scores.
Thank you for the credit information, Andrew.
Get a hold of him today to see how he can help you move forward with regards to your credit repair today.