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How to Remove Collections to Improve Your Credit ScoreWhen you fail to honor your debt obligation, your creditor sells your debt to collectors, and the negative information is reported to the three major credit bureaus (Experian, Transunion, and Equifax).

Collections accounts stick to your credit report for seven years from when your account became delinquent, making you look uncreditworthy to potential creditors. Here are some steps to increasing your credit score by removing collections.

How do I get collections off my credit report fast to Improve my credit score?

To get collections off your credit report fast, you must be proactive and check your report thoroughly. Get your free credit report by visiting AnnualCreditReport.com or from the three major credit bureaus. Compare the details against your records. If you don’t have your payment records, log into the account to check your payment history.

To check for negative accounts, go to the credit history and accounts section to find information on missed or late payments. Check the account status to see if it’s paid, charged off, or closed. Check the account number and the date the debt became delinquent. Once armed with these details, you can take the following steps:

1. Dispute collection error

Dispute a collection account if:

A delinquent account falls off your credit report seven years from the date it went delinquent. However, you may still find the account is not closed. File a dispute with the credit bureau, so they can remove the collection report from your account.

If a collection report is incorrect, gather all the documentation to show the collection appears on your report erroneously. Send a dispute with your correct contact information, indicate the mistake with account numbers, and explain how the information is incorrect. The bureau will have 30 days to correct the errors.

Ask for debt validation to improve your credit score

2. Ask for debt validation

The best dispute reason for removing collections is by asking the collection agency to validate the debt. Most often, documents get lost as debts are shuffled from one collection agency to another in an attempt to recover their money. In such scenarios, original documents get lost, and inaccurate details are passed on to debt collection agencies.

You should use this loophole to ask them to verify if the debt belongs to you. They will have to remove collections from your credit report if they can’t validate the debt.

3. Pay collections on time to improve your credit score

When the above steps don’t work, you need to ensure you don’t cause much damage to your credit score. You need to continue paying your debt as you wait for validation from the credit bureau or until you pay your debt fully. You can arrange a payment plan with your creditor and stick to it.

4. Send a goodwill letter

Once a collection account is reported to the three major credit bureaus, the negative information will remain for seven years. Unfortunately, despite having paid your debt fully, some lenders will consider this information when offering you loans. This affects the interest rate because they consider you uncreditworthy and offer you loans with higher interest rates.

Consider writing a goodwill letter, sending it to the collector or creditor, and politely asking them for a goodwill deletion by pointing out that you have fully paid the debt. If the creditor or collection agency agrees, ask for a written agreement that you can present to credit bureaus just in case the agency fails to update them.

How long after paying off collections does credit improve?

Credit score improvement depends on several factors, such as the scoring model used and other items found on your credit report. In fact, paying off your debt can hurt your score at first before you see major improvement. However, you may see some positive changes a month or two after updating the collection account.

Use credit repair companies to improve your credit score

Use credit repair companies

Credit repair companies like Ascent Network are experienced in credit score improvement. They know how to negotiate with creditors to remove collections from your report to improve your credit score.

Credit repair companies get much better results than you would alone. They offer additional information that helps you improve your score even further. Before you choose a credit repair company, ensure they are reputable.

Our bottom line

It is possible to remove collections from your credit report to improve your credit score only if you become proactive, check your credit report, analyze the information, and take the necessary steps. You can also use a reputable credit repair company with the experience to improve your score.

A more positive outlook toward a more financially secure future starts today. Give the Ascent Network a call today at 1-877-871-2400. Ascent Network helps consumers all over the United States and is available locally in Huntington Beach, CA, Coachella Valley, Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Desert Hot Springs, Indian Wells, La Quinta, Indio, and Thousand Palms.

Debt management is important because it plays an important role in financial stability and sound economic growth. It also helps reduce overall debt levels and improve repayment prospects, thus, supporting long-term economic growth.

Residents of Huntington Beach, CA, use debt management services to help them better manage their finances. Credit management services also help improve companies’ finances to improve credit rating so they can borrow money easily in the future.

As important as companies should rely upon the services of credit management specialists, so should you. Credit repair companies help with debt consolidation, credit repair, debt settlement, credit improvement, foreclosure prevention, and education loan negotiations.

Here are some financial services you can receive if you are a Huntington Beach, CA resident.

Debt Settlement in Huntington Beach, CA

Debt settlement is when a creditor and a borrower reach an agreement where the borrower pays less than what they owe as full payment. Your credit report will show that the amount was paid in full, which is good for your credit score and future loan applications.

Debt settlement can be helpful if you are struggling to pay off your debts or if they have been damaging your credit score. It is a better option than the option of declaring bankruptcy.

Debt Settlement Tips

Before you settle your debts, it is important to know what factors affect the outcome of a debt settlement. Here are some tips on how to make the best possible use of this service:

Credit Repair in Huntington Beach, CA

Credit repair can help improve your credit score by correcting any mistakes that may have been made in the past. This can open up opportunities to get new loans and lower interest rates, making it easier to pay off your debts.

Credit Score Improvement in Huntington Beach, CA

Credit score improvement is a crucial goal of credit repair. By correcting any errors on your credit report, you can improve your ability to borrow money in the future and get lower interest rates on loans.

Get a free copy of your credit report to monitor the activities, track any changes, and dispute any incorrect entries. You also need to take appropriate actions to improve your credit score, which is your overall creditworthiness. This may include paying off existing debts, maintaining good, punctual payments, and avoiding risky financial decisions

Foreclosure Prevention in Huntington, Beach, CA

Homeownership in Huntington Beach, CA, is a significant part of the culture. Owning your own home is a key element in achieving prosperity. However, it can sometimes be difficult for many homeowners to handle foreclosure and other financial setbacks.

When you stop making payments as agreed, your lender seizes your home, puts it up for sale, and lists it as foreclosed. Fortunately, foreclosure prevention efforts aim to help borrowers avoid foreclosure. These include:

Education Loan Negotiation in Huntington Beach, CA

Education loans can be a large expense for students and families, so it is important to get the best possible deal on these loans. If you can negotiate better terms for your education loan, this will make repayment much easier over time.

Loan negotiation can help you get a lower interest rate, reduced monthly payments, or even forgiveness of your entire debt. Despite congress providing significant relief in response to the covid- 19 pandemic, you still need to fulfill your obligation of paying your education loan.

Good negotiation is important for education loan negotiation, especially if you have defaulted on your student loans. Here is how it works:

To negotiate your student loan:

Ascent Network is a Trusted Credit Repair Service Provider In Huntington Beach, CA

If you have a bad credit score, it is essential to repair it to enjoy loans with lower interest rates. Our credit repair specialists from Huntington Beach are ready to help you prevent foreclosure, help improve your credit score, education loan negotiations, and debt settlement. We have a full-scale credit repair solution that will help you recover financially and have long-term stability. Contact us Now!


Huntington Beach, CA, Brief History

Huntington Beach is a seaside city in Orange county with over 200,455. It is located 35 miles southeast of Downtown Los Angeles and is made up of 10 miles of uninterrupted beaches.

Huntington Beach used to be a cattle route but has considerably undergone many reincarnations. The names this city used to hold before it got its current name were: Shell Beach, the town of Smeltzer, Gospel Swam, Fair View, and Pacific City when it started developing as a tourist attraction.

Pacific City incorporated the help of Henry E. Huntington, a businessman and a railroad magnate who decided to invest his fortune in developing Pacific City’s interurban railroads.

The founder Henry E. Huntington had significant influence, and the city adopted the name Huntington Beach as an appreciation.

Things to do in Huntington Beach

Huntington Beach has a long shoreline that stretches 10 miles with five open sandy beaches (Huntington beach, Huntington Dog Beach, Huntington State Beach, Bolsa Chica State Beach, and Sunset Beach). It is an excellent place for Surf enthusiasts due to its consistent waves. The beach has concrete pathways to make it accessible for everyone. You will also get to enjoy playing beach volleyball with your children and friends.

The Huntington Beach Pier is 1,850 feet long and is the longest on the West Coast. It symbolizes the heart of Huntington Beach. You can access the pier from the intersection of Main Street and Pacific Coast Highway.

Bolsa Chica Ecological Reserve covers 1400 acres of wetland habitat. The boardwalk offers hikers and bird watchers an easy trail through the wet areas. Huntington Beach is only 20 minutes from Disneyland, where you can take your family on Disney adventures.

Visit the Surf Museum founded by Natalie Kotsch, who wasn’t a surfer but loved watching the sport. You will see the largest surfboard (42 feet long,16 inches, and 1300 pounds), which holds the Guinness World Record. The museum is a tourist attraction where you can learn about your favorite surfers.

Frequently Asked Questions About Huntington Beach, CA

What are the top attractions in Huntington Beach, CA?
The top attractions in Huntington Beach, CA, are the Huntington Beach Pier, The Surf Museum, Bolsa Chica Ecological Museum, and The Huntington Beach shoreline.

What are the top industries in Huntington Beach, CA?
The top industries in Huntington Beach, CA, are tourism and technology. The abundant beaches and warm Mediterranean climate make it a perfect vacation place for tourists. It is also home to industrial businesses like Boeing, and C & D Aerospace, among others. The presence of the Huntington Beach chamber of commerce also makes it easy to set up a business.

Are there credit repair companies in Huntington Beach, CA?
Yes. Ascent Network is a reputable credit repair company that has helped thousands of Huntington Beach residents.

A more positive outlook toward a more financially secure future starts today. Give the Ascent Network a call today at 1-877-871-2400. Ascent Network helps consumers all over the United States and is available locally in Huntington Beach, CA, Coachella Valley, Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Desert Hot Springs, Indian Wells, La Quinta, Indio, and Thousand Palms.

What Kind of Loan Can Improve My Credit?: Debt Consolidation

Do you have several loans with varying interest rates and due dates? You might benefit from a debt consolidation loan. Let’s take a look.

What Is a Debt Consolidation Loan?

A debt consolidation loan takes all your debts and payments and rolls them into one loan. Why would you want to do this? You may have loans and credit card debts with high interest rates. A consolidation loan allows you to pay off all those different debts and just have one monthly payment. It most likely will also have a lower interest rate than all the other debts had.

Making one lower payment instead of multiple monthly payments frees up more cash for your monthly budget, or you can put that extra cash toward paying off your debt consolidation loan even faster.

Debt consolidation should not be confused with debt settlement. Debt settlement is when you work with companies to take away some of what you owe. Debt consolidation helps you pay off what you owe.

There Are Two Types of Debt Consolidation Loans

There Are Two Types of Debt Consolidation Loans

Secured Loans

Secured loans are loans you take out for which you put something up for collateral. You might use property, a car, or your home. Secured loans have lower interest rates than unsecured loans.

Unsecured Loans

Unsecured loans do not have collateral, so they are more of a risk for the lender. As such, they usually have higher interest rates than secured loans, but the rate may still be lower than the rates on the debts you are trying to pay off.

Is Debt Consolidation a Good Option for You?

Not everyone benefits from debt consolidation. Here are some indications that it is a good choice for your specific needs:

Consolidation may not be right for you if you are already close to paying off all your debts. If you are only going to save a marginal amount, it might be best for you to continue paying off your debts on your own.

How Do You Build Credit by Paying a Loan?

If you have had trouble paying off your debts and you need to rebuild your credit score, you might want to look into a credit-builder loan.

Unlike a traditional loan where you borrow money from a lender and then pay it back, a credit-builder loan has you pay for the loan – and then get the money. It is almost like putting money into a savings account that you can’t touch until it is paid in full.

If you make your payments in full and on time every month, your bank reports this to the credit bureaus, and your credit score increases. But, make sure you are able to make those payments. If you default or make late payments, you could end up hurting your credit score rather than helping it.

What Are Some Other Ways Besides Debat Consolidation to Build Credit?

What Are Some Other Ways to Build Credit?

The best way to improve your credit score is to make all your payments in full and on time. If you have any past-due debts, pay them off as quickly as possible.

Don’t apply for any new credit cards. Applying for credit brings your score down. It causes an inquiry into your credit standing and lowers your credit accounts’ average age.

Make sure you keep your credit card balances low. The less debt you carry keeps your credit utilization ratio low. And finally, make sure to check your credit report every year. If you find any mistakes, make sure to have them resolved.

Conclusion

If you have multiple debts or loans with varying interest rates, consolidating those debts may be in your best interest. This will bring all of them into one lower payment with one lower interest rate.

A secured debt consolidation loan has a lower interest rate and payment than an unsecured loan because you are putting up collateral. So, make sure you are getting the right kind of loan for your needs.

A more positive outlook toward a more financially secure future starts today. Give the Ascent Network a call today at 1-877-871-2400. Ascent Network helps consumers all over the United States. It is available locally in Huntington Beach, CA, Coachella Valley, Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Desert Hot Springs, Indian Wells, La Quinta, Indio, and Thousand Palms.

7 Things That Can Be Done to Improve Your Credit Score

If you want to stay on top of your finances, a good credit score is essential. There are things that will improve your credit score. 

Your credit score can help you qualify for loans.  It gives you better interest rates and even gets you a lower insurance premium.

If your score is not looking good, It is worth taking the time to improve your number. Here are seven things you can do that will help improve your credit score.

1. Pay all Bills on Time

This is the first point that can’t go without mentioning. It is what gets most people on the lower end of the score. If you want a good credit score, you need to pay all your bills on time. This has the biggest impact on your overall rating.

2. Keep Balances Low on Cards

Your credit utilization ratio (how much of your available credit you’re using) is another major factor in your FICO score. Keeping your balances low will help improve your score in this area. Avoid using more than 30 percent of each card limit each month.
The higher the balance in comparison to the limit, the more it can affect your score negatively. Utilizing less than this amount will help keep your score up while paying down balances. This means if you have $15,000 in available credit across several cards and use more than $5,000 at any given time, it can hurt your score.

3. Keep an Eye on New Credit Inquiries

Every time someone pulls your credit report, it shows up as an “inquiry” and can lower your score slightly. Credit inquiry doesn’t have a huge effect as long as you get the quotes within 30 days of each other. Doing so will limit the impact on your credit score. Also, ensure you aren’t opening many new accounts or have more than six inquiries.

When applying for new credit cards or loans, get quotes within 30 days of each other. Doing so will limit the impact on your credit score.

If you suspect unauthorized inquiries, dispute those errors, and the fastest way to dispute and boost your score is with the help of a credit expert like Ascent Network. Limit Inquiries on Your Credit Report.

4. Pay off Debt to Improve Credit Score

Paying off debts is a great way to improve your credit score or utilize debt consolidation services. The lower the debt you have, the better your chances of improving your score. You can also consolidate your debts into a single large debt with favorable interest rates and payoff terms and pay them quickly. Focus on paying off your credit cards with the highest interest rates first and, if possible, pay more than the minimum payment due.

5. Keep Old Accounts

Don’t close old accounts that you don’t use anymore. But rather keep them open and active by using them once in a while. If they don’t have an annual fee, there’s no reason to close them in order to improve your credit score.
If you have bad credit, you’re not alone. According to the Federal Reserve, more than half of Americans have a credit score under 680.

6. Check Your Credit Report

It is very important to check your credit history at least thrice a year to know your credit score. You will detect fraudulent activities since it is easy for criminals to open credit cards in your name.

7. Get a Secured Credit Card

A secured credit card will help you manage your finances better. You will be required to deposit some cash to open the account. Credit card companies will report your credit score to credit bureaus as you keep using the secured credit account. So, be sure to make at least minimum payments on time to improve your score.7 Things That Can Be Done to Improve Your Credit Score

Key Tips to Managing Your Finances

What should you do to manage your finances and not default in repaying your debts? Organize: Make sure your files are in order, so it’s easy to find bills and statements needed to create a budget.

 

Key Takeaway

Credit scores are used by lenders as a way to predict how likely you are to repay the money you borrow. The higher your score is, the more willing lenders will be to take a chance on you. People with higher scores than yours are offered lower interest rates and better terms on loans and credit cards. It is best to take charge and improve your credit score to enjoy the
benefits.

A more positive outlook toward a more financially secure future starts today. Give the Ascent Network a call today at 1-877-871-2400. Ascent Network helps consumers all over the United States and is available locally in Huntington Beach, CA, Coachella Valley, Palm Springs, Cathedral City, Rancho
Mirage, Palm Desert, Desert Hot Springs, Indian Wells, La Quinta, Indio, and Thousand Palms.

How Can I Repair My Credit Myself?

Credit repair is very important. If you have bad credit and cannot get approved for any kind of loan, you need to get your credit in order. The good news is that you can repair it yourself.

Can I Fix My Credit Myself?

Yes, with the right information and guidance, you can improve your credit score.

Below are steps you should take:

1. Check Your Credit Report

Your report has all your credit information, and you can get a copy from the three major credit bureaus: Experian, Equifax, and TransUnion. Check your reports from all three bureaus because some creditors may not report to all of them. You can also get a free copy at AnnualCreditReport.com.

It is good to check your report monthly to see if there is a new entry you did not authorize. Or if there is an account that is time-barred.

2. Dispute Any Inaccurate Information

If you find a new account in your credit report that you aren’t aware of, report it to your creditor. Call each of the three major bureaus and ask them to correct any inaccurate information in your report that may affect your score, ability to get loans, or other forms of financing.

Your credit report also shows if an account is past its statute of limitations (time-barred), so you can dispute and have it removed.

Prioritize Paying Your Credit Card Bills on Time

3. Prioritize Paying Your Credit Card Bills on Time

Paying your credit card bills on time helps you improve your credit score and helps you qualify for low-interest rates. You also save money from late payment fees that can be as high as $35.

Pay your cable and utility bills using your credit card to build a good payment history that helps improve your credit score.

4. Minimize Hard Inquiries

Minimizing hard inquiries is an essential step in repairing your score. When you apply for new credit, it shows up on your report as a hard inquiry. A hard inquiry causes a drop in your score.

5. Opt for a Debt Consolidation Plan

If you have multiple loans or credit card bills, it is easy to forget to make some payments. Debt consolidation is an easy way to combine payments into one new loan at a lower interest rate. Consolidating your debts helps improve your credit score if you make timely payments.

6. Set Payment Reminders

Given that you may be busy, it is easy for payment to skip your mind. Setting up reminders helps you make on-time payments that are crucial in improving your credit score and avoiding late fees. If you do not set payment reminders, you may end up paying late fees.

If you are behind on payments, call in advance so they can give you an extension before charging late fees or increasing interest rates on loans.

How Long Will It Take for Credit Repair?

Credit repair may take three to six months, depending on the severity of your delinquencies and bad habits, such as late payments or accounts in collections or bankruptcy records that affect your credit score.

It may take up to 18 months to get your credit score from poor to fair.

Can I Make My Credit Perfect?

So, can you make your credit perfect? Yes! You can do it on your own or work with a fast credit repair company like the  Ascent Network to get the help you need. Here are some tips for repairing your credit:

Can I Pay Someone for Credit Repair?

Can I Pay Someone for Credit Repair?

Yes, using a credit repair company is an easy way to repair your credit. They have experts and know how to handle all the problems that may arise while repairing your bad credit ratings.

These companies provide credit repair services to help set up payment plans with creditors so that you can pay off any debts on your report. They also negotiate and make arrangements for how you will be making payments on overdue debts.

Credit repair companies are experts in credit laws such as The Fair Credit Reporting Act (FCRA), The Fair Debt Collections Practices Act (FDCPA), and The Fair Credit Billing Act (FCBA). They use their understanding of the law to help leverage them in your favor. Look at credit repair reviews from service providers to make sure they are legit and deliver as promised.

A more positive outlook toward a more financially secure future starts today. Give the Ascent Network a call at 1-877-871-2400. Ascent Network helps consumers all over the United States. It is available locally in Huntington Beach, Coachella Valley, Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Desert Hot Springs, Indian Wells, La Quinta, Indio, and Thousand Palms, CA.

Articles

How to Remove Collections to Improve Your Credit Score

August 29, 2022

When you fail to honor your debt obligation, your creditor sells your debt to collectors, and the negative information is reported to the three major credit bureaus (Experian, Transunion, and Equifax). Collections accounts stick to your credit report for seven years from when your account became delinquent, making you look uncreditworthy to potential creditors. Here … Continued

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Ascent Network – Huntington Beach, CA

August 16, 2022

Debt management is important because it plays an important role in financial stability and sound economic growth. It also helps reduce overall debt levels and improve repayment prospects, thus, supporting long-term economic growth. Residents of Huntington Beach, CA, use debt management services to help them better manage their finances. Credit management services also help improve … Continued

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Do you have several loans with varying interest rates and due dates? You might benefit from a debt consolidation loan. Let’s take a look. What Is a Debt Consolidation Loan? A debt consolidation loan takes all your debts and payments and rolls them into one loan. Why would you want to do this? You may … Continued

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July 11, 2022

If you want to stay on top of your finances, a good credit score is essential. There are things that will improve your credit score.  Your credit score can help you qualify for loans.  It gives you better interest rates and even gets you a lower insurance premium. If your score is not looking good, … Continued

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