This client came to us with a BIG problem. He was denied for a very large mortgage and needed someone to fix a few items on his credit report as fast as possible. Usually, this is something that a Credit Repair company wouldn’t be able to do… BUT we’ve created an Expedited Platinum Plan that we are offering to clients like this. Here is what his credit looked like on December 16th 2013. *We edit out our client information for privacy reasons.

How To Transform Bad Credit To Good Credit

His scores were:  685 – 641 – 666 which are considered to be low when applying for a Mortgage.  Mortgage companies take the middle of the three scores to qualify you for a loan, which means his middle credit score was 666, and he needed a score over 700 in 14 days OR less. Most people, including the mortgage broker thought it was impossible. BUT, Mortgage Brokers are allowed to do something called a Rapid Re-Score. This is where they furnish documentation to the credit report company (not the credit bureaus) and then the credit report company communicates with the bureaus to update the credit profile. SO, if I am able to get a few quick deletions from my client’s report, I can teach the Mortgage Broker how to do a Rapid Re-score.  After the client signed up for our Expedited Platinum Plan, we went to work.  After just 7 days, here is the result on December 23rd 2013. This is a complete credit transformation:

His scores increased a combined total of 246 points in just 7 days. Our client’s new credit scores were 731 – 762 – 745 – an increase of  46, 121 and 79 points!!  This is how you transform bad credit into good creidt. This took the middle credit score from 666 to 745 and our client was able to be approved for the loan!  These are results of Cobalt Credit Services Expedited Platinum Plan. We help Mortgage Brokers by getting their clients approved for the loan and we help consumers by improving their credit scores and getting them approved for the BEST possible interest rates.

This was NOT one of our standard programs, it is called an expedited pay per delete program. We usually work hand in hand with a Mortgage Broker, because they will need to file a rapid-rescore with the credit report company as soon as we have a deletion letter from a the debt collector or creditor. If we are successful, you pay us per deleted account, if we are not successful, you do not pay us anything.

How Credit Transformation Works

The process isn’t easy, cheap or fun. But it works. We audit your Credit Report that was pulled by the lender. We pinpoint the accounts that are weighing down your score and create a plan of action. Often times, we consult with an Attorney to help target areas where the credit company has violated your rights under the Fair Credit Reporting Act or the Fair Debt Collections Practices Act. We use these legal violations as a negotiation tactic to get the creditor to delete the negative information from your credit report. This doesn’t work for everyone, but we see an average of 77% deletion ratios with our clients.

Once we find a solid legal violation, one of our credit experts will call the credit agency to negotiate a resolution and deletion of the account. Did you know that paying a debt collector DOES NOT remove the account from your credit report? It’s true. Paying a debt collector doesn’t even raise your credit score.

If you need something removed from your credit profile, and and you are looking to transform your bad credit into good credit… Visit our website for more details on how you can schedule your free credit audit and consultation. We will stop pesky debt collectors in their tracks.

Please leave us any questions or comments below, we would love to hear from you!