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It can be called a FICO score, Beacon Score, Bureau Score, Emperica Score, or whatever you wish, but the lending world revolves around credit scores.  A perfect commercially used score is 850, a horrible one is 350, then they drop to 0.

Credit Scores are divided into "tiers" or letter grades "A, B C..". Tier 1 ranges from 850 to about 720. Tier 2 from about 720 to about 650. Tier 3 650 to about 600, and so on. They can also be ranked "A", "B" "C", etc in the mortgage industry.

Personal scores run higher because they are calculated differently. If you got your score from Free Credit Report.com from Experian (talk about a creatively named website!), or from some other internet provider, like TrueCredit from TransUnion, CreditWatch from Equifax or MyFico brought to you by Fair Isaac & Co .. you are looking at a Personal Credit Score. This is the raw bureau score, and is typically higher than any commercially used scores, as there are different calculations for different type score requests.

If someone tells you "I've got a 950 score", they are looking at a personal score. That compares favorably to your 850 score that you got from your mortgage broker. OK, so, if you had an 850 score, you wouldn't be reading this, and there are no mortgage brokers left to speak of, but you get the point.

The three Bureaus do not share information between themselves, so your scores differ between the three credit bureaus. Because of this, Mortgage Lenders usually take the middle score of the three, or do an average score for the purposes of a loan or refi. The items on your credit report have been reported to that particular bureau by someone who paid the bureau to put it there, reporting your credit history for that particular account. Whether it was a good or bad item depends on how it impacts your credit score, negative items lower your credit score, while positive items raise it.

A credit report is nothing more than a data file that is graded. Data files can be corrupted, can be mixed with another individuals data, or lost totally. It happens more than the Bureaus will ever admit.

Credit Repair is the process of removing those items that may be lowering your credit score. Items that are on your credit report must meet strict criteria to remain on your report, credit repair involves comprehensive application of these rules and laws to make your report better and score higher. Specifically, laws use the terms unverifiable, inaccurate, and age of item. it is amazing how many things fall into the unverifiable area. It is a constantly evolving and changing process. CCFG knows how the process works to make things happen to your benefit. It involves insight into how the bureaus work, it requires professional knowledge of what it takes to make a higher credit score, but generally as the bad items go away, so do their associated negative points, and your Credit Score goes Up.

The goal of Credit Repair is the removal of those trade lines that lower your credit score, not necessarily paying them off, that only starts the clock for automatic deletion of these derogatory items in 7 years. See the Collections Page, or the Life Span page for more info.

Adding New Trade Lines

There is a time and place for new trade lines on a report. If your report is nearly empty after a cleanup, new trade lines can really help. However, if your goal is to raise a low score simply with new trade lines, it takes 2 new good accounts to offset one bad account. Those new accounts can be quite expensive to acquire, as well due to that low score. The best way to raise a credit scores is to remove the bad items, then add new, good accounts.

We at CCFG have seen files of individuals that had unexplainable low scores, reports that essentially had no bad items on them, but still had scores that were too low. We found the cause, and got these folks back on track.

One theory of credit repair is that, by making an entirely new credit file, you get a fresh start. Well, you do. You roll back to what your credit report was back when you were born. No good history to base a score on, your file start date is too new relative to your age, and it looks like you were either just dropped to Earth in mid-life, or never ever borrowed any money from any one for your entire life. This raises all sorts of red flags, plus there is a chance that the old information may come back, because some of the bureaus are more name specific in a search, while others are more SSN specific. CCFG does not use this procedure, nor should anyone ever. We have fixed the results of this credit disaster for more than a few clients.

Once again, we at CrediClear Financial Group tell you more than anyone else! CCFG wants you to be an informed individual, because informed clients choose CCFG. Care to see what we have done? Check out the reply samples page for actual results from actual clients.