Welcome To The VCR Blog

Our credit repair program is designed with our Clients in mind. From topics that include understanding the makeup of your credit score, to key things to remember when it comes to maintaining a score. 

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Statute of Limitations, How Long You Can Be Sued

A lot of people get the Statute Of Limitations confused with the FCRA credit reporting time.  While they’re both time limits related to debt, they have different effects. The statute of limitations for collecting a debt is the period of time that a creditor or collector can obtain a judgment through the court system to force a person to pay for a debt. The time period starts on the account’s Date Of Last Activity (DOLA) and varies by state. Even if the Statute Of Limitations has expired, some debt collectors will continue to attempt to collect. They're hoping the person [...]

Closing an Account

Closing an account doesn't automatically come of your credit report Just because you closed an account on your credit report, it just doesn’t come off. A closed account will still show up on your credit report and may be considered when calculating your credit score. A closed positive account with no negative information in its history may stay on the credit report for up to 10 years from the date it is closed, no matter who closed it. If you wonder if you should close any account, contact us! We can discuss the outcome of closing an account. 877-483-8273

How to use Credit Cards to Maximize your Credit Score

Credit Cards are a necessary evil when it comes to a credit score. It is imperative to your credit score that you understand that the balances on your revolving accounts have a profound effect on your scores. Making your payments on time is essential, but even with a perfect payment history, if you let your balances rise anywhere near the card limit you lose points on your credit score. For the highest credit score keep your balance below 10 percent of your cards limit. If you are looking to rebuild your credit scores, try applying for a Secure Credit Card. [...]

Financial Considerations for Security Clearance or Joining the Military

We can assist with credit & budget issues that are preventing you from obtaining a Security Clearance, getting a promotion or even joining the Military. Financial mismanagement which leads to Credit Issues is the most common area of disqualification. Below, from the U.S. Code of Regulations, Title 32 — National Defense, Part 147.8 (Financial considerations) are some of the financial factors that can raise red flags on an application to achieve or maintain a security clearance or a promotion while in the Military. (a) The concern. An individual who is financially overextended is at risk of having to engage in illegal acts [...]

Servicemembers Civil Relief Act and Residential Leases

Service members are protected by the Servicemembers Civil Relief Act if they need to break their lease on account of a deployment or PCS. Breaking your lease can hurt your credit score, especially if you don't pay the leftover balance when you move out. Working with your landlord to break your lease can help you avoid damaging your credit. Understanding the Servicemembers Civil Relief Act Your protection under the relief act begins on the date you enter active duty and generally ends between 30 and 90 days after the date of discharge from active duty. This applies to: Active-duty members of [...]

What is a Judgement?

What is a Judgment? A judgment is a painful court order to pay a debt, and can arise from a lawsuit, a divorce, business dispute or an array of other possibilities. Judgments are public record. They will appear on your personal credit report and can wreak havoc on your credit scores. They can also hurt your ability to get a mortgage — unless you take specific steps. If you’re hoping to get a mortgage, any mortgage company is going to examine what led to the judgment and, more importantly, how the judgment will be accounted for. Whether buying a home or [...]

Are There Trustworthy Credit Repair Companies?

Yes! Go with the Credit Repair Company that consults with you before discussing a strategy for your credit repair.   No company can tell you exactly what they can do for your credit if they're not aware of your credit history. An honest credit repair company will ask questions about your credit history and will want to view your credit reports before talking about what it will do.   Go with the company that makes sure you know your consumer rights.   The credit repair company must let you know that you can dispute information on your own. Most people we talk to would [...]

Credit Monitoring – A Good Tool To Have

When a consumer applies for credit, a company that is authorized to obtain a copy of the consumer’s report will electronically submit a request for the report. The request must contain specific data about the consumer for the credit bureau to extract the correct report.   It is surprising to learn that one of the critical pieces of data, the consumer’s Social Security number, is not needed in order to obtain the report or extend credit. That’s right, the credit bureaus only require minimal match requirements prior to providing a report to an authorized party.   The credit bureaus’ refusal [...]

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