OvationLaw's Blog

Credit is a way of life for most Americans, which is why having an accurate credit report is so vital for today’s consumer. And since nearly 80 percent of all credit reports contain inaccuracies, many people seeking help are turning to businesses that offer credit report repair services.

Discovering that your credit report contains errors is frustrating, but being ‘scammed’ by an unethical credit repair agency adds insult to injury. Initially, the appealing services offered and promises made by unethical credit repair agencies are very enticing to those struggling to find a way out of their financial difficulties. When one is sinking in the sand, it’s natural not to be real selective when grasping for a nearby branch. But in this case, it pays to survey the situation carefully before deciding on the best solution. First and foremost, take time to investigate and compare credit repair services.

In their quest for your hard-earned money, many credit repair agencies push the ‘marketing’ envelope, making bold claims and elaborate-sounding, yet meaningless guarantees in an attempt to stand out from the competition and win your business.

Some credit repair agencies have even posed as credible law firms to falsely persuade you that a retained, licensed, legal professional is working on your credit case. Be wary of any credit repair agency that won’t fully disclose their company information and/or verifiable identity, provide a complete address (beyond a Post Office Box), or demand large fees in advance of services rendered. Credit repair agencies have been heavily regulated because of the effects of unethical and illegal credit repair practices.

Beware of any credit repair business that says “we promise to do anything” or “we guarantee to remove your negative items” from your credit report. The credit repair businesses claiming to be able to do so are making false and misleading statements to you.

Contact Us
Repairing your credit report is one of the most important financial decisions you can make. Ovation Law is a trusted law firm that makes the process convenient, personal, and effective. If you have any other questions or need for credit report repair services, please contact us anytime:

Phone: 1 (866) 639 - 3426
Email: info@OvationLaw.com

The three major credit bureaus maintain credit files on nearly 90 percent of adults in the United States. An alarming number of these files (credit reports) contain serious errors and could cause the denial of credit, a loan, or a job.

Keeping a 'clean' credit report is vital to your financial well-being. Credit reports affect every aspect of our financial lives, including employment opportunities and the interest rates of personal loans such as home mortgages, car loans, and even the interest rates of credit cards. Your credit report is your 'financial fingerprint' and contains information that can be grouped into the categories listed below:

Payment History
Your payment history includes the following types of specific information:

• Account payment information on specific types of accounts (credit cards, retail accounts, installment loans, finance company accounts, mortgage, etc.)
• Presence of adverse public records (bankruptcy, judgments, suits, liens, wage attachments, etc.), collection items, and/or delinquency (past due items)
• Severity of delinquency (how long past due)
• Amount past due on delinquent accounts or collection items
• Time since (frequency of) past due items (delinquency), adverse public records (if any), or collection items (if any)
• Number of past due items on file
• Number of accounts paid as agreed

Amounts Owed

• Amount owing on accounts
• Amount owing on specific types of accounts
• Lack of a specific type of balance, in some cases
• Number of accounts with balances
• Proportion of credit lines used (proportion of balances to total credit limits on certain types of revolving accounts)
• Proportion of installment loan amounts still owing (proportion of balance to original loan amount on certain types of installment loans)

Length of Credit History

• Time since accounts opened
• Time since accounts opened, by specific type of account
• Time since account activity

Types of Credit Used
Number of (presence, prevalence, and recent information on) various types of accounts (credit cards, retail accounts, installment loans, mortgage, consumer finance accounts, etc.)

New Credit

• Number of recently opened accounts, and proportion of accounts that are recently opened, by type of account
• Number of recent credit inquiries
• Time since recent account opening(s), by type of account
• Time since credit inquiry(s)
• Re-establishment of positive credit history following past payment problems

Contact Us
Repairing your credit report is one of the most important financial decisions you can make. Ovation Law is a trusted law firm that makes the process convenient, personal, and effective. If you have any other questions or need credit report repair services, please contact us anytime:

Phone: 1 (866) 639 - 3426
Email: info@OvationLaw.com

Armed with an impressive resume and knowledge of the company you are interviewing for, you confidently approach the interviewer (in your finest 'power suit') and begin to craft the inspiring 'first impression' you envisioned last night as you went to bed.

You may feel prepared for the interview and qualified for that new job, but there is a strong possibility that the interviewer has already formed an opinion about you – through information contained in your credit report.

Increasing numbers of companies are requesting credit reports to assist them in the job hiring process. Essentially, your credit report is your financial resume and employers use it as an indicator of your personal integrity and how you conduct your life. With that in mind, it's alarming that seventy nine percent of all credit reports contain errors. A qualified job seeker simply can't afford to have credit report errors sabotage an excellent employment history.

In the competitive job market, an accurate credit history may be the decisive factor in gaining a job interview. Inaccurate credit reports can negate the most impressive of resumes, and you won't have a second chance to make a first impression.Just how important is your credit report when it comes to finding employment? According to William M. Greenblatt, chief executive of Sterling Testing Systems Inc., "Credit reports show not just your financial history but also your job history." (Sterling Testing Systems Inc., provides pre-employment screening and background checking for businesses worldwide, and has experienced growth in excess of 50 percent annually since 1997.) "And, actually," he continues, "most companies are more interested in your financial patterns than your employment background. They want to know if you pay your bills promptly. And this information gives them an idea of how the individual might be expected to behave, if hired."

The labor market is not only intense from the job seekers standpoint, but employers also are striving to gain a competitive advantage in the hiring process by accessing all the information available to improve the quality of its workforce. Employers are also more likely to check the credit history of prospective employees who will be involved in some aspects of the company's finances.

Use this trend of employer credit checking to your advantage by repairing and/or maintaining a clean credit history. Your credit report is your financial fingerprint, so check it frequently and keep it accurate so you are prepared to 'jump' on that dream job should the opportunity arise.

Contact Us
Repairing your credit report is one of the most important financial decisions you can make. Ovation Law is a trusted law firm that makes the process convenient, personal, and effective. If you have any other questions or need credit report repair services, please contact us anytime:

Phone: 1 (866) 639 - 3426
Email: info@OvationLaw.com