MERIDIANET’S CREDIT RESTORATION PACKAGES:
Build strong credit immediately within 120 days for $297.
The Importance Of Credit
MeridiaNet Inc. wants to help you to start building strong credit immediately within six-months to a year. Consumer credit reports differ one to the next and the restoration process for some can be 6 months to a year, while others could be restored in 60 days or less.
CREDIT SCORE
Each of the major credit bureaus- TransUnion, Experian, and Equifax has developed their own credit scoring system. However, the FICO score developed by the Fair Isaac, is used by almost 90-95% of all lenders.
The FICO score ranges from 300(poor) to 850(perfect). Having any negative information on your credit history will lower your credit score, but there is a statute of limitations on how long credit bureaus may keep negative information on your credit report.
CREDIT HISTORY
Is a collection of all financial information that relates to your LIFE. It contains information on how long you've had your individual credit accounts, the accounts limits, the accounts balances and most of all your payment history. In addition to your credit information, your credit history includes information that will identify you personally.
CHECKING CREDIT SCORE AND CREDIT HISTORY
Paying off balances and making payments on time and maintaining old credit accounts that report as current are excellent ways of maintaining a high FICO. One of the best things you can do to protect your good credit score and credit history is to read YOUR CREDIT REPORT. You're entitled to atleast one free copy of your report from each of the Three Credit bureaus every year (annualcreditreport.com, privacy guard.com, & myfico.com). You should obtain a copy of your credit report every 4-6 months. While the credit report is FREE, there is a small fee to see your credit score. If you've applied for credit and were turned down, federal law says your entitled to see that score for FREE, or you can buy it at anytime from any of the three bureaus Equifax(equifax.com) Experian(experian.com) TransUnion(transunion.com).
HOW CREDIT SCORES CALCULATED
Fair, Isaac and Co. is the San Rafael, California company founded in 1956 by Bill Fair and Earl Isaac. They pioneered the field of credit scoring for financial companies. They have expanded their enterprise to cover decision systems, analytics and consulting. Every credit agency, and most lenders, calculates your credit score using software from fico or in house software based on FICO rating systems. Today different companies use different formulas to come up with a credit score. While all the formulas look at about the same information(like outstanding debts, whether you pay on time or carry a balance), one formula may give more weight to certain factors than others, so that's why different companies assign you different scores.
With a FICO score, the most widely used model for getting a credit score, these are the components that go into calculation of your credit score:
PAYMENT HISTORY: 35% What is your track record?
AMOUNTS OWED: 30% How much is to much?
LENGTH OF CREDIT HISTORY: 15% How established is yours?
NEW CREDIT: 10% Are you taking on more debt?
TYPES OF CREDIT USED: 10% Is it a healthy mix?
To give lenders, financial brokers etc. a broad view of your credit history, the FICO score takes into consideration both positive and negative information from all five categories. Your FICO score changes when information is added, changed or removed on your credit report.
Keep your company in good standing:
Advertise & Market Your Business
Corporate Formations Made Easy
Corporate Lending With No Hassles
Building Corporate Wealth
Additional 6 months of Registered Agent Services
Change of Address
Completion of SS-4 Form to obtain TAX ID Employer Identification Number (EIN)
