What Can Be Removed From My Credit Report?

Having negative credit is expensive, it restricts you from purchasing a home, purchasing your dream car, getting a job, renting an apartment, owning your own business, or qualifying for any type of loans. Not to mention higher interest rates. Most people aren’t aware of all the things that can be removed from your credit report. Below are all the things that can be permanently removed from your credit report and from your life. Some of these debts can even be cancelled outright. Contact PowerHouse Consultants to get started on the path to finanical freedom today.

Charge-Off Accounts

A charge-off account is the declaration by a creditor that an amount of debt is unlikely to be
collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors will make this declaration at the point of 3 to 6 months without payment. PowerHouse Consultants will take this negative debt off your report.

Credit Card Debt

Credit card debt is an example of unsecured consumer debt, accessed through credit cards. Debt results when a client of a credit card company purchases an item or service through the card system. The late payment penalty itself increases the amount of debt the consumer has. “The Fair Debt Collections Act” provides us here at PowerHouse Consultants ammunition to eliminate this type of debt.

Medical Debt

Medical debt refers to debt incurred by individuals due to health care costs and related expenses. Medical debt is different from other forms of debt, because it is usually incurred accidentally or faultlessly. Here at PowerHouse Consultants, we have a proven cure and will eradicate this problem.

Inquiries

Hard inquiries are when a potential lender is reviewing your credit because you’ve applied for credit with them. These lenders review your credit profile to see if you qualify for credit with their company. These include credit checks when you’ve applied for an auto loan, mortgage or credit card. Hard Inquiries effect your FICO score. For every hard inquiry on your credit report, you lose between 3 to 5 points. Hard inquires can be devastating to a credit report, too many on your report can ultimately cause credit denial, even if you have a high credit score. Our job here at PowerHouse Consultants, is to exterminate them from your report.

Student Loans

Student debt is money owed on a loan that was taken out to pay for educational expenses. Rapidly rising college tuition costs have made student debt the only option to pay for college for many students. You should not be penalized for continuing your education to become a productive citizen. We here at PowerHouse Consultants will expel this negativity debt from your report.

Bankruptcy

The state of being bankrupt or broke. Bankruptcy is a public records item, which means the information on it comes from public records. Bankruptcies have no data furnisher which means the data is unverifiable. We here at PowerHouse Consultants can easily challenge this with the credit reporting agencies and have it removed.

Civil Judgements

A civil judgement is a ruling against a defendant in a court of law. It refers to a non-criminal legal matter and often requires the defendant to pay damages. Good News!!! As of July 1, 2017 laws changed regarding the reporting agencies. The new law states that Tax Liens or Civil Judgements were determined that they are not credit, therefore they can no longer be reported in consumers credit reports. This means if you have a tax lien or civil judgement in your credit report, you have to dispute it out of your report. However, when you dispute it out of your credit report, it will no longer be challenged by the reporting agencies either it is accurate information or not. If you have tax liens or civil judgements in your credit report, Powerhouse Consultants can easily remove it for you.

Even if you have made these mistakes, Powerhouse Consultants can help you remove negative accounts from your report and help you reach your highest credit potential. Get the process started today and give us a call.