FINANCIAL LITERACY/CREDIT REPAIR
Helping individuals improve their financial knowledge and strengthen their credit through education, budgeting guidance, credit analysis, and personalized financial strategies for
long-term success.
Description
Our Financial Literacy and Credit Repair services help individuals build a stronger financial future through education, guidance, and personalized support. Services may include credit report reviews, credit score improvement strategies, budgeting assistance, debt management education, financial goal setting, and understanding how credit works. The focus is on empowering clients with the knowledge and tools needed to make informed financial decisions, improve creditworthiness, and achieve long-term financial stability.
Scroll for more information and to learn more about how FICO Scores are calculated.
For more Info, Schedule a consultation with us:
How are FICO Scores Calculated?
Payment History - 35%
Lenders want to know if you've paid past credit accounts on time. This information helps a lender figure determine the amount of risk they will be taking on when extending credit.
Length of Credit History - 15%
In general, a longer credit history will increase your FICO score. Your age of credit takes into consideration how long your oldest and newest accounts have been opened.
Credit Mix - 10%
FICO scores will consider the type of accounts you have on your portfolio. Accounts include revolving accounts, installment loans, finance company accounts, and mortgage loans.
New Credit - 10%
Lenders want to know if you've opened a significant amount of accounts in a short period of time to determine the perceived risk when extending a line of credit.Lenders want to know if you've opened a significant amount of accounts in a short period of time to determine the perceived risk when extending a line of credit.
Amounts Owed - 30%
In general, amounts owed refers to how much total debt you carry.
Lenders use this information to predict your ability to repay debt.
Looking for a quick way to build credit?
Maintain four open accounts with no negative history.
Enroll in credit monitoring programs from the major bureaus.
Keep your revolving credit balances below 15%.
Pay your bills early -- not just on time.
Avoid unnecessary inquiries.
Do not apply for credit for someone who is not credible.
What Are the Differences Between Credit Repair and Tradelines?
Credit repair is the removal of negative information from your credit reports whereas tradelines are the addition of positive information to your credit report.
A tradeline is the term used by credit reporting agencies to describe credit accounts listed on your report.
Credit Repair
Provides quick and timely improvement.Provides quick and timely improvement.
Offers short-term improvements lasting 30 - 60 days.
Positively impacts debt to income ratio, payment history, and credit age.
VS
Tradeline Boost
Offers long-term improvements.
Credit improvements may take longer to reflect.
Positively impacts debt to income ratio, payment history, and credit age.
Learn About the Merrick Bank Double Your Line™ Platinum Visa® Credit Card
Qualify for a credit line of $500-$1,350 which will double to $1,000-$2,700 after your account qualifies.
No security deposit required.
Double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open.
See if you are pre-approved within minutes, without affecting your credit score.
Build or rebuild your credit. As you pay your bill every month, we report to all three major credit reporting agencies.
Get 100% U.S.-based customer service & get your FICO® Credit Score for free each month
Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with Auto Pay and account alerts.
Get In Touch
Email: [email protected]
Address
Office: 221 Skyline Dr-suite 208
East Stroudsburg PA 18301
Assistance Hours
Mon – Sat 9:00am – 8:00pm
Sunday – CLOSED
Saturday – CLOSED
Phone Number:
973-666-2918
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Risk MPS Professional Services strives to educate our clients on the importance of building and maintaining a strong credit profile to acquire power over their personal finances. We focus on building strong credit with primary lenders by helping you raise your credit score to achieve desired goals. We are consistently expanding our offerings and enhancing our skillsets to meet the ever-evolving needs of our clients. Sign up for our newsletter and be the first to receive announcements and promotions.