Advance Credit Solutions

🙌🔥 35% or less: Looking Good - Relative to your income, your debt is at a manageable level.You most likely have money left over for saving or spending after you've paid your bills. Lenders generally view a lower DTI as favorable. 👍🆗 36% to 49%: Opportunity to improve. You're managing your debt adequately, but you may want to consider lowering your DTI. This could put you in a better position to handle unforeseen expenses. If you're looking to borrow, keep in mind that lenders may ask for additional eligibility criteria. 👎🚫 50% or more: Take Action - You may have limited funds to save or spend. With more than half your income going toward debt payments, you may not have much money left to save, spend, or handle unforeseen expenses. With this DTI ratio, lenders may limit your borrowing options.

Credit repair doesn't cost anything if you handle the process yourself (DIY credit repair). If you hire a credit repair company to assist you, you'll typically pay fees of $125 to $149 per month plus initial setup fees. There is nothing a credit repair company can do for you that you can't do for yourself. The major difference is we have knowledge and systems in place that allow for better and quicker results. Like cooking, most people know how to cook, but a lot still choose to go to a restaurant and pay for someone else to cook their meals.

Paying a credit repair company to "fix" your credit report is a good option if you don't have time or knowledge to dispute your credit report information yourself. We do have a DIY option that will walk you through all the necessary steps. In either case, information will only be removed or modified if it is inaccurate.

Yes, there are a few instances in which federal student loans can be removed from your credit history. First, if the student loan was forgiven, or discharged, from the student's account. Second, if the loan was paid in full, or forgiven. For more information, please check with the Department of Education’s National Student Loan Data System (NSLDS) which provides a variety of consumer-specific and aggregate data, including information about outstanding loans. The NSLDS is the single source for federal student loan information. Also, there are a number of instances that warrant the removal of student loans and Advance Credit Solutions can dispute the loan on your behalf.

Fixing your credit can be a complicated process. There are a number of factors that can influence your credit report. Repairing your credit should only be attempted once you have an understanding of why it’s poor to begin with. A good resource for understanding your credit is https://chs.advancecreditsolutions.com/credithero

DTI stands for - debt-to-income ratio, and it is a very important number when applying for a loan. This number is one way lenders measure your ability to manage the monthly payments to repay the money you plan to borrow.

Mail a letter to the collection company and ask it to stop contacting you. Keep a copy for yourself. Consider sending the letter by certified mail and paying for a “return receipt.” That way, you’ll have a record the collector got it. Once the collection company gets your letter, it can only contact you to confirm it will stop contacting you in the future or to tell you it plans to take a specific action, like filing a lawsuit. If you’re represented by an attorney, tell the collector. The collector must communicate with your attorney, not you, unless the attorney fails to respond to the collector’s communications within a reasonable time.

No. Debt collectors can’t contact you before 8 a.m. or after 9 p.m., unless you agree to it. They also can’t contact you at work if you tell them you’re not allowed to get calls there. Debt collectors can call you, send letters, emails, text messages or even message you on social media platforms to collect a debt.

Yes, but the collector must first sue you to get a court order — called a garnishment — that says it can take money from your paycheck to pay your debts. A collector also can seek a court order to take money from your bank account. Don’t ignore a lawsuit, or you could lose the chance to fight a court order.