You may be in the market to purchase or refinance residential or commercial property and time is of the essence. You discover your credit report contains negative information that is affecting your chances of qualifying for the best loan. There is hope. Rapid Re-Scoring can correct negative, outdated and inaccurate information in your credit report in as little as 72 hours!
What is Rapid Re-score
Rapid Re-score is a service offered by a lender or mortgage broker in which your credit scores can be re-analyzed and quickly corrected for the purposes of a residential or commercial real estate loan. Rapid Re-score accelerates the dispute process, corrects negative information and increases your credit score immediately.
What Does Rapid Rescore Accomplish
Negative, inaccurate and outdated information appearing on your credit report and lowering your credit score can be corrected and removed. Accounts can be deleted from your credit file. Status of an account can be changed from "30 days late" to "paid as agreed." Collection accounts can be quickly paid off and deleted from your credit report. You can even pay down on a balance of a debt and that information is immediately reflected. It is an invaluable tool that lenders and mortgage brokers have access to and can make a significant difference when you are in the process of loan approval.
Who Can Do Rapid Re-Score
Rapid Re-scoring is a fee-based service. It can only be done through a lender or mortgage broker who is a customer of a Rapid Re-scoring Service. Generally, you must have proof that a payment was made on time or proof that the errors in your report are truly errors. It depends on the rescoring service what types of information they require. The lender will usually charge a fee for every account that is corrected.
Rapid Re-score is well worth the money in order to avoid bad credit loans with high interest rates. New information can be posted in as little as 72 hours and your credit scores will improve immediately.
Lisa Phillips is a marketing consultant specializing in business expansion and development. Because many small business owners lack the personal and business credit necessary to grow and expand, she has developed a free website to aid consumers as well as entrepreneurs in rebuilding and taking control of their credit.
www.rebuildcreditscores.com
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