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Commercial Bridge Loans

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Credit Scores, Credit Issues and Credit Repair - A Giant Mess

A commercial bridge loan
maybe your best option if
you can't wait for your score
to improve.

If your credit score is below 680 you will have a difficult time getting a commercial loan in this market. The loan programs we describe in this website also will be unavailable to you.

In general the credit bureaus and reporting system is a giant mess. We see many people with excellent credit history yet their scores are weak and vice versa. Many veteran landlords, for example, that have perfect 30 year credit history often have low 600 scores simply due to the number of mortgages that show up on their report. While an individual that's over loaded with credit card debt, has no assets at all and has lates can have high 700's. It just doesn't make sense. The system, though needed, is not working well.

Fair or unfair, the bottomline is that there are loopholes to the credit reporting system. You can "tweak" the system to your advantage and increase your score - saving yourself tens of thousands of dollars.

In an effort to better serve our clients (and because we want to close your loan!) here are a few resources to help you improve your credit score. This first book is an aggressive do it your self type book and will show you step by step what to do (check out the video its pretty informative). Click Here!

Heres a link to the "Credit Bible" Click Here! This is also aggressive. Either one of these would be a good guide but the the first is cheaper.

Can credit repair companies be trusted?

Many "credit repair" companies claim to remove negative credit with the flick of a wrist. Their advertisements make bold assertions and money-back guarantees: "Bankruptcy, tax liens, judgments... no problem!! One hundred percent guaranteed!! Credit report 100% cleared in 30 days!!" Can they really make such sweeping guarantees?

While some credit repair companies are outright frauds, others are not fraudulent and they use the dispute process to obtain impressive results. In fact, they delete thousands of negative credit listings every day. There is a company called, Lexington Law who has been doing it for 15 years. Click Here to learn more.

Unfortunately, it is risky to trust anyone to help you restore your credit. It is estimated that fraudulent credit repair companies have bilked Americans out of more than fifty million dollars. The majority of credit repair companies were started by entrepreneurs with a penchant for marketing. Consumers have flocked to these "credit doctors" only to discover that their advertisements proved far more impressive than their results. Hiring a credit repair company is like playing Russian roulette. Many of them are effective and legitimate, but it is difficult to tell a rip-off from the real article.

So, can credit repair companies guarantee results?

Not a chance! No credit repair company is so good that it can guarantee a specific outcome. It would be like a defense lawyer guaranteeing that the jury will find his client innocent. Guarantees are a sure sign of credit repair fraud. A warranty, where the credit repair company promises a refund if certain results don't occur, is a better, more realistic claim. Lexington Law is a respectable company that we recommend.

Not surprisingly, the credit bureaus have declared war against the credit repair companies and those selling instruction on how to do-it-yourself. The bureaus lambaste credit repair companies in the media and send anti-credit repair literature to anyone whom they suspect of using credit repair services. The bureaus unflinchingly deny that accurate information can be removed from a credit report.

The simple truth is that you do not have to endure bad credit for seven to ten years as long as you feel comfortable challenging the accuracy or verifiability of your credit listings. If so, it is possible to restore creditworthiness within a much shorter time.

However you decide to address your credit challenges, realize that regardless of what you may hear in the news media, thousands before you have sought help and restored their credit. They can show you their homes, cars, and credit cards. Despite the newspaper articles, TV reports, and other credit bureau propaganda to the contrary, the simple truth remains: you can restore your credit. Learn More.

Need a loan now and absolutely can not wait for your score to improve? Check out this website which will give you a good idea of what commercial bridge loans are all about and what scams to watch out for.