MISCONCEPTIONS ABOUT BANKRUPTCY AND ITS EFFECT ON YOUR CREDIT SCORE

Bankruptcy is a legal process where individuals or organizations who are unable to repay creditors can seek relief from their debts. In various instances, a court order imposes bankruptcy, which is often commenced by the debtor. Bankruptcy may help you get debt relief, but it’s important to remember that declaring bankruptcy has a significant, long-term effect on your credit.

This is also a significant reason why people tend to be hesitant about filing for bankruptcy. But not filing for bankruptcy and allowing the accumulated debt to go to collections will also have a negative impact on your credit score.

Although the bankruptcy information stays on your credit report for a long time, there are numerous ways to repair your credit. The effect of bankruptcy diminishes over time, and being responsible for new debts after bankruptcy will make it possible for you to secure a loan in the future.

Bankruptcy lets you start over with a clean slate, it’s giving you a second chance. However, it comes at a price, as well. It hampers your credit score, reflects on your credit report, and therefore hurts your ability to secure future credit.

Filing for bankruptcy is not the common man’s cup of tea. It includes a lot of complicated legal procedures and preparation of various documents and financials. People hire attorneys to help them through the entire process of filing for bankruptcy.

People often get deluded about the entire situation because many myths and common misconceptions are surrounding the process and its effect on your credit. Let’s debunk those myths and understand how filing for bankruptcy affects you and your credit:

Myth 1: When you do not have negative information in your credit report before bankruptcy, you might have a higher credit score after bankruptcy than if your report held negative information before it was filed.

Truth: Healthy payment history and lack of unfavorable details do very little to mitigate the effect on your credit score after a bankruptcy. The existence of bankruptcy, and the amount of time that the bankruptcy has been on the report, are the most important determinants. The impact of bankruptcy may decrease over time, which can contribute to an improved credit score, along with favorable records post-bankruptcy.

Myth 2: Every bankruptcy detail, without exception, stays on your credit report for ten years.

Truth: Only the public record of bankruptcy under chapter 7 lasts ten years. All other references to bankruptcy remain for seven years on your credit report including:

• Trade lines that say “account included in bankruptcy.”
• Collection of debts by third parties, judgments, and tax obligations dispensed via the bankruptcy Section.
• Chapter 13 Articles of public record.

When the above things start disappearing, your credit score can see a more significant boost.

Myth 3: You will have weak credit as long as the details about bankruptcy stay on your credit report.

Truth: Although following bankruptcy, you can expect a significantly lower credit score, you can start building your credit back-up with wise credit management. You may also be able to penetrate the successful credit score range (700-749) after four or five years. After the bankruptcy, you can start building your credit back up immediately by:

• Mitigating the negative details on your credit report by adding new credit, such as secured credit cards or small installment loans.
• Enable on-time payments on both current and existing debts.
• Maintain credit card balance usage at 30 percent.

Consulting a credit repair expert will help you plan and restore a good credit score, which allows you to secure future credit.

Myth 4: Bankruptcy affects all consumers’ credit in equal measure, regardless of the amount of debt or the volume of debts included.

Truth: Your credit score will account for details such as the amount of debt dispensed and the proportion of negative to positive accounts. If you have a relatively small amount of debt and your bankruptcy contains just a few accounts, your credit score would be higher than those with a more extreme bankruptcy.

Myth 5: All bankruptcy claims are wiped off your credit report.

Truth: Although bankruptcy can help you remove or cover past debts, those accounts won’t vanish from your credit records. All bankruptcy-related obligations may stay on your credit report and affect your credit score for 7 to 10 years, but their effect may diminish with time. Additionally, federal student loans may still not be dispensed after bankruptcy, and you might still be on the leash for those.

Myth 6: After bankruptcy, you can’t get a credit card or a loan.

Truth: Credit cards are one of the easiest ways to add credit, and for those with a checkered credit background, there are choices out there. Secured credit cards, which require an initial security deposit, have a lower entry barrier, but just like a conventional card, they spend and create credit.

Likewise, loans – such as passbook, CD, or credit builder loans – are available that are backed with a deposit or collateral that can help you create credit while you pay them off. These loans are much easier to get through like secured credit cards since the lender is protected in case you can’t pay. Several creditors will begin providing credit immediately after the discharge. You will get new credit much earlier than expected with proper approach and counseling.

Myth 7: Bankruptcy will permanently destroy your credit.

Truth: In the near future, bankruptcy will do serious harm to your credit but will only reflect on your credit report for a period of 10 years. Any adverse activity, including tax, late payments, collection payments, and attorney fees, will terminate. The bankruptcy will be deleted from the credit record ten years after filing, creating a new slate. You are then safe and secure. Consult experts in your area, and work with them to develop your credit score, look for credit repair specialist California.

Myth 8: If you file for bankruptcy, lenders will avoid you.

Truth: False. Most of the stigma associated with bankruptcy disappeared after Congress passed the new bankruptcy laws in 2005. Most creditors understand our economy ‘s challenges and the impact of this crisis on consumers. So, many would give credit to the bankruptcy-affected ones. Although interest rates may be higher, following a bankruptcy filing, you can still get a loan.

Myth 9: Those who file for bankruptcy are stealing and might go to prison.

Truth: More than a million people elect to file for bankruptcy each year, whether via Chapter 7 or Chapter 13. There are decent people in tight financial circumstances. While there is always a bad apple in each category, most bankruptcy filers are in desperate need of relief and turn to bankruptcy advantages to get them through this challenging period. If you have lost your livelihood and are unable to pay for your credit cards, or have been sick or disabled and have incurred significant medical bills, you are not a criminal to choose relief from bankruptcy. Congress created the federal insolvency laws to help hard-working families get rid of their debts and move on with their lives.

Myth 10: Bankruptcy filing is very complicated and could result in an audit.

Truth:   It is now much more comfortable to file for bankruptcy than in the past. Although the statute involves filling out and sending different paperwork to the court, most of this work is performed online due to electronic filing. In most cases, it merely needs a completed intake form, values for your property, 3-month bank statements, 2-year tax returns, a list of your debts, etc. The rest will be handled by your lawyer or legal firm. A bankruptcy trustee appointed to your case may require additional financial reports after filing, but audits are exceedingly rare (the actual audit rate is around 1 in every 1000 cases filed).  In the rare case of an audit, legal firms help their clients through the inspection with no problems.

Myth 11: If you are married, you cannot file bankruptcy by yourself.

Truth:   The bankruptcy laws authorize anyone to apply for bankruptcy, either individually or jointly. If you are married, you and your partner must decide whether to make a joint filing. For example, you and your partner have joint debts, such as a mortgage, credit cards, loans, etc., then it makes sense to file together. The bankruptcy will either remove these mutual debts or restructure them. For new marriages, however, where one partner has good credit or no joint debt, it could be more prudent for the other partner to file separately to eliminate their own debt.

Myth 12: You can file bankruptcy only once.

Truth: Although the bankruptcy rules were strengthened in 2005, you can still file more than once for bankruptcy, depending on when you filed and the form of bankruptcy.

You can get a discharge once every eight years in Chapter 7, and every two years in Chapter 13. If you are discharged through Chapter 7, you must wait six years before you get a discharge through Chapter 13. When you get a discharge in Chapter 13, you will wait four years before you get a release by Chapter 7.

If the previous case has been dismissed, there will usually be no waiting period for refiling (although a case dismissed “with prejudice” would have an attached waiting period). In these cases, finding a competent bankruptcy attorney is essential, because there are some motions that need to be filed to expand the bankruptcy protection of your current case.

Myth 13: Some creditors are unaffected by bankruptcy and can press charges against you.

Truth: One of the critical reasons for filing bankruptcy is the termination of ALL collection operations. Once you file the application for bankruptcy, whether by Chapter 7 or 13, you and your properties obtain automatic immunity from the court from your creditors (known as the “automatic stay”), which also includes attorneys, collection companies, representatives and/or agents from the creditors.

Specifically, federal law forbids your creditors from contacting you for any cause, including written communications, monthly bills, or telephone conversations. Creditors must abandon all collection activities against you, which means they cannot file a new complaint, prosecute a prior case, or collect on a previous legal verdict.

Myth 14: Means test obstructs people from qualifying for bankruptcy.

Truth:  By the time the revised bankruptcy laws were enacted in 2005, many debtors were frenzied. Creditors tried to persuade the nation that bankruptcy would extend only to a small percentage of the poor and the vulnerable. It was a massive distortion of the new rules. In reality, the 2005 legislation changed the method by which debtors meet the criteria for bankruptcy under the Means Test, but it did not deter people from filing. Indeed, bankruptcy filings have significantly increased since the new laws were passed, particularly in the light of the foreclosure crisis. Don’t just believe anything you’re hearing — whether on TV, in the magazine, or from friends or family. 

Myth 15: Personal bankruptcy will lead your family to ruin.

Truth: Various things lead to family issues, but bankruptcy might help fix some of your problems. Owing to financial difficulties, you might be on the verge of divorce. In some instances, by filing for bankruptcy and getting a new financial start, you can end the family problem. While filing for bankruptcy can be a very tough decision in your life, the absence of all that tension will give your relationship a chance to survive.

While these realities make it easier to file for bankruptcy, it is still a decision that is emotionally taxing and mentally exhaustive. It can have unfavorable effects on your credit securing ability for the long term and might even hinder some of your life plans. Being cautious about your money and loans is of utmost importance; however, if you can’t keep up, it may be your best option to file for bankruptcy. To mitigate the damage, contact a credit repair specialist and get a start on resetting your credit after filing.

What is a credit score?

Individuals are forever on a spree to manage their wealth effectively and want to have control over their finances. In this process, it is of utmost importance to maintain creditworthiness. This essentially means being in a financial position that makes one reliable enough to receive financial credit. This can be judged majorly through past instances of paying back money to creditors. The reason behind maintaining creditworthiness or rather the pros of doing so are immense. Among the plethora of benefits that a good credit score offers, the most important ones are higher eligibility for loans and fixed credit card Fullerton in California, lower rates of interest, higher credit card limits, quicker loan approvals, added weightage to visa applications. Thus, it is important to maintain a good credit score throughout to be able to get good credit opportunities.

To shed some light on what is a good credit score, one needs to know what is exactly meant by a credit score. A Credit score is a financial tool that helps lenders assess the creditworthiness of an individual. It is used by lenders or banks to evaluate the risk associated with providing credit to an individual and hence, it shapes their decision regarding extending credit.

Credit scores are only for individuals while another tool called credit rating is for businesses, organizations, governments. A Credit rating is a tool to measure creditworthiness for companies. There are various credit reporting agencies such as the Standard & Poor’s, Moody’s, Fitch which assign credit ratings to companies from the range of AAA to D which signifies very good credit rating and poor credit rating respectively.

Coming back to credit scores, there are three main credit reporting agencies in the United States namely Equifax, Experian, TransUnion which assign the credit scores. These credit scores are in range from the 300 to 850. These scores are derived using the FICO (Fair Isaac Corporation) credit scoring.

It should be noted that individuals don’t start directly with a good credit score, in fact a good credit score is built over time.

To get more information on credit score and credit ratings please visit website- https://007creditagent.com/ Feel free to call at +1 949 258 7026

Why do you need Credit? Why is it so important?

We are surrounded by people who have different lifestyles, privileges, wealth, education, and knowledge. When we see a person with more potential than us, we always aspire to be like him or her. 

Example- Today, if you have a small apartment and your subordinate has a big bungalow, you aspire to purchase a bungalow. But you can’t afford the bungalow with your current saving and salary. Under such circumstances, you need credit.

It is just one simple situation, and in the whole lifespan there occur various such instances when a person desires to have something but due to a limited amount of cash and saving his/her dream remains unfulfilled. 

How is the Credit Score calculated?

Most of the people are unaware of their credit score, how it is calculated, and how each transaction made in the history affects it.  For a common man, it is essential knowledge to have as it helps a lot when a person applies for a loan.

A credit score is a three-digit number calculated based on the history of transactions made by a person. There are various components to be looked at while calculating a credit score, but let’s have a look at the five most important ones.

A credit score is calculated by the following important factors-

1. Payment History: If you miss a utility payment or paying a credit bill, it affects your score negatively, but the timely payments help you increase your score. The frequency of timely payments and missed payments are important in credit score calculation.  The number of bill payments that are missed recently is also one of the important factors.

Suppose there are two loan applicants, and the bank can offer loan to only one candidate. It prefers the person who has missed the payments in the remote past than the person who has missed payments recently. This factor makes up a third of the total contribution made by the rest of the four factors. Hence, it is the most essential component. 

This implies that you should make timely payments of your bills. You should not delay or miss payments because of your negligence, carelessness, or insouciance.

• Total Debt: The next important variable is the total debt on the person’s account. It is calculated by considering all the accounts. The score calculating agency considers all the accounts held by a person and keeps a note of the types of accounts. It sums up the credits available in all the accounts. After this, itsums up money that the person owes to the bank or any other lending organization. This also includes the payment owed in credit cards. After making all these calculations, they gauge the difference between credit and debt. The more the value on the debit side, the less is a score.

This calculation also considers credit card limits. If a balance is high on the credit card and it has reached its maximum limit, it will negate the score. 

People usually make transactions with credit cards without knowing how it influences their credit score. The excessive usage, and the usage beyond the paying limits,deteriorate credit scores. So, beware of misusing credit cards. 

• Credit History Duration: This is the third most crucial factor for calculating your credit score. Most people have this misconception that by avoiding credit card they are improving their scores.

No! This is not true!

If you maintain credit history for a longer duration, it will be your plus point.

What is the reason behind it?

Because if you don’t have any credit history, it means there is nothing for an agency to review in your transaction history. On what basis will they judge the timeliness of making payments. So, if you are avoiding credit cards to just improve the score, be aware that it is not the correct decision. Instead, you should have a credit history of timely bill payments.

• Account Variation: The various accounts held by a person adds to the credit score. Try to have a loan account, a retail account, a credit account, etc. But again you have to ensure the timely payments. You should maintain a minimum balance in your accounts. It helps you get a decent score.

• Recent Credit Transaction: Reading the above point might make you wonder that if you don’t have many accounts, opening one before applying for a loan would be helpful.

But the answer is No!

Opening up too many credit accounts in the recent past showsthat you are in some financial trouble. But if you hold so many credit accounts for a longer duration and make timely payments, it might increase your score. 

How does a good Credit Score help you?

By now, you have a better understanding of how a credit score is calculated. And with further reading, clear your concepts on how a good score can be beneficial for you.

A credit score plays an important role in your financial life. When you just cross your teenage you may aspire to purchase a branded mobile phone or a sports bike.

Are you thinking about doing a post-graduation from a reputed college? Are you looking for student loan services?

After your marriage, you may have a dream to visit the most luxurious hotel with your partner for a lavish dinner and a night stay. Or you might think of opening up a business. You might also desire a luxurious car or a house of your own.

For accomplishing these dreams, you need money. But in most cases, people cannot afford it. Then the person thinks to apply for a loan. After submitting the loan application, the lending agency looks at your credit score.   

If a person has a good credit score, the agency approves the loan immediately and offers loan at a lower interest rate. But if the person has a medium credit score, then the person gets the loan at a somewhat higher rate of interest. Lower credit score makes you pay more dividends. In some extreme cases, the agency also rejects the loan application. And this rejection of loan application shatters your dream.    

In a nutshell, a decent credit score has a role to play throughout a person’s life. A student can secure admission to a good college and can pay the fees with a student loan. An entrepreneur can invest to establish his business. A newly married couple can buy a car, a house, or an opulent vacation for themselves.

How you Improve your Credit Score?

You should not be worried about your bad score even if it is lower than the bank’s threshold limit. Most of the people have limited financial knowledge. All times are not the same in a person’s life. Difficulties are the part and parcel of a person’s life. At some times he may have an abundance of money, while at other times he may fall short of money. It is good to accept the challenges of life and enjoy the life by overcoming these challenges. Old people used to say ‘where there is a will, there is a way’, so don’t be sad. There are options to improve your credit score.

Let us now understand how one can improve the credit score.

1. Monitor your credit Score– Keep checking your credit score online even when you don’t require a loan. With this, you will get to know about your credit ratings and the factors responsible for lowering and increasing your score. This provides you with a fair idea of potential risk factors. And from then onwards you can work on transactions that help you improve your rating.
2. Credit Utilization– Credit Utilization is defined as how much credit you are using out of the total credits. For example, the credit limit on all cards is $1000 and on average you do the transactions of $100 monthly, in such a scenario your credit utilization is 10%. Ensure to keep credit utilization as low as possible. Don’t use your credit cards excessively. You should try to minimizethe credit card use. This helps you to improve your scores.
3. Pay on Time– Try to make your payments on time- be it any utility bill or a credit card bill or a loan payment. Always ensure that you make timely payments. As we have read on the top, making atimely payment is the most important component and contributes maximum in a credit score calculation. 
4. Don’t apply for multiple credit cards– To decrease the credit utilization, you might think of applying for extra credit cards. But it is a risky step. Yes, your credit utilization reduces on one hand, but it adversely affects your credit score. It raises hard inquiries on your account which may last up to 2 years.
5. Don’t close unutilized credit cards– As long as you have a credit card and you have not used it and it is not charging you annual fees, keep it open. This is the wisest strategy. But if you close a specific account but owe the money in other accounts, your credit utilization increases and this affects credit score negatively.
6. Don’t Open New credit accounts unnecessarily– You should open an account only when you are in need. If you have too many credits, it shows that you are in trouble. It raises inquiries on your account. 
7. Dispute inaccurate queries– Examine your credit report. Verify all the accounts listed in the report. If you see any discrepancy or derogatory item on your credit report, get help from a credit repair specialist.

What role does 007 Credit Agent play when it comes to credit repairing?

We help you challenge the negative information on your report and to establish a new positive credit score. We are locally owned and provide the best credit repair services with our expert agents and dedicated staff. We help you secure a good credit score with which you can apply for a loan at a much lower interest rate. We offer services at a nominal fee with no long-term commitments. 

Our credit experts analyze your report, consult with you to discuss a customized and best suitable action to reach your goal. Our team provides the best solution that works for you. Our bottom line is to increase your topline. Such work often takes some time to reach the goal, but we can assure you that within 90 days you can see changes in your ratings. Although it is difficult to guarantee the time duration because each person has a different report. Our team guides you to establish new positive accounts and payments with credit bureaus. 007 Credit Agent has a partnership with a lender that provides a guaranteed and secured credit card approval. As long as you are not in an active bankruptcy proceeding, it will approve you!  

Do you need your credit score report regularly? We provide you all three major credit reports and that too at a discounted price.

If you are going through a tough time in your life, don’t worry at all!

Our agents provide you financial education to manage your credit throughout your hard times. There are ways out to manage your credits efficiently during hard times. Some tactics can save your money and save your credit scores during financial fallback. To save yourself amid financial trouble, get help from one of our credit experts. 

With our guidance, you need notworry about the pesky debt collector’s phone calls. It is your legal right to protect yourself from the unscrupulous debt collection practices. Many times, you can cease collection activities because debt collectors don’t comply with consumer protection laws.

The FICO credit scoring model puts a significant amount of emphasis on the ratio of your credit card balances to their limits. If we enroll you in our credit repair program, we will manage the dispute processes on your behalf, but if you want to see your scores improve, start reducing your revolving balances.

Just to give you a flavor of our other services- we provide debt validation requests for collection letters. We offer goodwill letters for late payments. We also cease and desist letters.

If you need more information, visit our website- https://007creditagent.com/.

You can reach us at info@007creditagent.com.

We are available on call at +1 949-258-7026.

Domino Effect in the Credit Industry and its Cure

What is a Domino Effect and how it influences human lives?

Domino effect is a chain reaction where the outcome of one event impacts the outcomes of other subsequent events. Sometimes, an extreme form of domino effect is also termed as Butterfly Effect where a small butterfly-size event tremendously impacts all other events. Domino effect can be seen impacting human lives in every stage of life. A person murders some stage and his entire life is that of a convict. A student secured admission in a top rank college and his entire career keeps bestowing upon him lucrative opportunities. A couple gets divorced and the life of the entire family changes accordingly. The impacted outcomes further impact the lives of people associated with them and the chain reaction goes on. But an interesting part of this chain reaction is that in human lives, people cannot predict how a certain action taken by them will influence their future and in ignorance of this they inadvertently commit mistakes for which they have to pay heavily in the future.

How does the domino effect impact the credit profile of a person?

As in every aspect of human lives, the effect of chain reaction is similar in the credit profile of an individual. In the present age when life moves at a faster than ever pace, people need resources to finance their decisions. A student seeks credit to meet education expenses, a businessman needs a credit line to finance daily expenditures, a serviceman needs a car loan or a house loan to make his life convenient, a bachelor needs credit cards to party every Saturday and the list goes on.

However, with every penny borrowed comes an obligation to repay within a stipulated period. How much ever it sounds surprising, a detailed record of how punctual a person is in these repayments is maintained by various financial institutions and a certain credit score is assigned to every individual. This credit score becomes helpful for all those creditors whom that person might approach in the future to seek loans. Creditors can determine how trustworthy the borrower is and what is the probability that he will repay the money on time.

With this system in the background, even an inadvertently late credit card payment can deny a person any other loan that he/ she might seek in the future. This is exactly where the chain reaction starts. A late payment results in a loan denial and the loan denial further results in an additional derogatory entry in the credit profile. This process goes on to spoil the credit profile of an individual. A low credit score can be frustrating in today's world and the only way out of it is to either be extra careful in keeping everything spotless or to correct the tarnished history.

How does the domino effect in credit lines impact businesses?

Similarly, as it impacts the lives of individuals, a bad credit score affects businesses and the impact can be disastrous where there are multiple stakeholders. Just like a person has a credit score assigned, every large and small business has a business credit score assigned to it which determines how much trust can be put in business while lending money. And the sad news is that 72% of the business owners don't know exactly how to evaluate their business score. This leads them to make mistakes in unchartered waters and eventually denies them a loan at some point or another. Without loans, a business simply cannot sustain itself. A business needs a continuous credit line to deal with suppliers, vendors, and to meet expenses of day to day activities. Companies also need huge amounts of loans to launch new products and implement various marketing strategies. In the 21^st century, organizations have also started taking loans to transform themselves digitally to sustain in the neck-to-neck competition. All these areas are essential for the continued success of a business and a denied loan can affect one or all of these areas to produce catastrophic impacts on a business. If a business gets impacted, the domino effect can be unusually large taking down livelihoods of employees, owners, customers, vendors, clients, etc.

However, it is interesting to notice that a missed or delayed repayment is not the only factor that impacts the credit profile of the business as is in the case of individuals. When it comes to businesses, several levers are working at the same time to impact a business credit score. Even if a business fails to register itself properly or fails to get the desired licenses, the business credit profile gets impacted poorly. Businesses also need to ensure that all their fillings are congruent with state and federal filings. Even if the business is successful in keeping doing everything right, associated vendors and suppliers can impact their business credit profile. When vendors fail to report payment history with the business bureaus a derogatory entry is produced in the business's credit profile. Owing to these multiple factors, the world's most successful CEOs and MDs take special care to maintain a respectable business credit score so that they don't get to realize their darkest nightmare.

A bad credit profile especially impacts entrepreneurs who need loans now and then to either set up or expand their ventures. This is a cohort that is responsible for all the innovative initiatives that have taken place in a nation and it contributes heavily to the economy of the country. A denied loan to an entrepreneur doesn't only impact his/ her venture but also produces huge losses to a country's economy. Again, both with entrepreneurs and businessmen, the only two choices are either to be overly scrupulous in all their dealings or to find a way to alter the history.

How do students suffer from the problem of poor credit profiles?

Education is the US has always been far from affordable but in the 21^st century, students have started to come over this problem and opt for student loans to secure their future and follow their dreams. Some students can secure lucrative positions in big corporates, and they don't face any problem with a student loan. But the students who land in substandard jobs find it difficult to pay their student loan EMIs on time and end up in crippling their credit profiles. Repayment of student loans on time is of utmost importance as it constitutes 35% of the portion of your credit profile. Hence, people with student loans should also be very careful in maintaining an impeccable credit profile to avoid any loan denial in the future.

How can individuals or business entries alter or change their credit history and who becomes their savior in the tough times?

History cannot be changed and for many decades people couldn’t do much when their credit profiles got spoiled.However, with the advent of technology and innovation, several credit repair specialist agents and consultants have emerged all over the globe who have people with their credit profiles. They have the flair for credit profiling system and with their expertise, they can conceal historical derogatory entries from the credit profiles to such an extent that they don't remain relevant anymore. What they do is magic and when the risks of odds are high, one should not shy away from taking professional help.

Who are 007 Credit Repair Consultants?

They are a bunch of credit repair expert who have been helping students, entrepreneurs, and businessmen with their credit profiles since 1989. They also provide some auxiliary services to help their clients with things like debt validation requests, goodwill letters for late-payments, and cease and desist letters. They have always put the customers above all and their diligence and hard work have resulted in several customer satisfaction testimonies that can be seen on their website. Their best in class support service ensures stress-free experience unequalled in the industry. Just for the sake of an example, a testimony is included in this article and it can be seen below:

"Do not spend your time trying to get your credit reports fixed. Just go through the 007 Credit Agent. It has been less than 2 weeks and the things I needed to be done are already taken care of! Thank you, thank you, thank you”

-Kelly

Most of the customers have seen their credit ratings improving withing 90 days opting for 007 services but the exact timeframe can be more than 90 days in case of complex credit profile cases. Nonetheless, 007 provides their clients with 90 days money-back guarantee in case consumers don't feel satiated with their services. This very aspect makes them a leader in the US when it comes to credit score repairing.

How do 007 achieve what they claim? How the credit profile of a business is improved by 007 consultants?

At 007, they have dedicated teams for students and businessmen.

Students who are facing problems in paying their student loan EMIs on time can contact 007 to take their professional help to easily manage these payments. 007 can also secure them a payment reduction or student loan forgive they qualify for it with an income-driven plan. They can also help students with the information on whether they qualify for a lower interest rate student loan or not. With their expert services, they ensure that students no more suffer from the sword of federal student loans anymore.

With businessmen and entrepreneurs, their approach is a bit advanced.

The first step here is to make sure that a business is set up properly with congruent filings and registered under the right name. Choosing the right business name is important as some names can get an automatic denial. They make sure that your business has a website and an address. They also ensure that your business is open, active, and in good standing.

The second step is to make a business activated with three major business creditors. For any business, Dun & Bradstreet, Business Equifax, and Business Experian reports need to active. Dun & Bradstreet is the world's leading source of commercial information. Many suppliers, lenders, and leasing companies share and pull business credit reports from Dun & Bradstreet to assess the creditworthiness of businesses. 

The third step is to establish business credits of the vendors and suppliers with business bureaus 007 setups 30 vendor accounts with business bureaus that will make the business ready to get store and fleet credit. 

Step 2 and 3 get a credit profile and score established with the three top business bureaus. Once all of this is done, business starts securing revolving credit without a personal guarantee or credit check. During the final step, business credit builders of 007 help to obtain credit with places like Amazon, Walmart, Dell, Apple, Costco, Sears, BP, Chevron, Sprint, and most other major retailers with individual credit limits of $10,000-$50,000. They also help businesses in securing credit with fleet services and auto vehicle services.

007 helps businesses through the entire business credit building process for obtaining initial vendor accounts to start building business credit, obtaining high-limit store and fleet credit cards, getting approved for cash credit, and auto vehicle financing, all of which require no personal credit check or personal guarantee.

This is a kind of magic that 007 does to poor credit profiles and help businesses as well as employees with student loans to accomplish their dreams without any kind of impediment.

How can one contact 007 credit agents and how can one avail their services?

007 credit repair agents have an online presence on https://007creditagent.com/ where their services can be browsed through and all the necessary information can be gained. To avail of their services, one can, write them to info@007creditagent.com or call them at +1 949 258 7026. Apart from this, they also have their presence on all social media platforms like LinkedIn, Facebook, and Instagram. One just needs to give them a shout and they are ready to put their best in solving their client's problems.