The importance of credit is the ability to maintain a healthy credit mix!
Credit mix is the types of accounts that makes up a client's credit report. The Credit mix determines 10% of a client's FICO score. The types of credit that might be part of a client's credit mix include credit cards, student loans, automobile loans, and mortgages. A good credit mix includes a mix of revolving and installment credit. An easy way to use revolving credit is to open a credit card—and pay your bill on time every month. Its best to charge only what you can pay off every month to build great credit worthiness.
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Xtreme Financial Group offers a secured credit card to help you build your credit mix. Credit Card Builder gives you the opportunity to apply for 2 cards. With both cards, Credit Card Builder will report immediate 30 points per card to your report, and reports twice a month.
Let's get you started on your way to an Xtreme Financial Makeover! You won't regret it and you will be on your way to the life you always dreamed of!
We will review your goals, time frame, pull your credit, complete an analysis, and then map out a plan that best fits your situation and goals. Throughout the process you will have a meeting with your financial analyst. We will challenge and dispute your negative and inaccurate items with all three bureaus. All while monitoring and protecting your credit.
We will begin the credit counseling process based on services and fees due as agreed upon. We will schedule monthly appointments to discuss progress.
How long does it take? Every credit situation is different. We suggest giving us 6 months. The process takes anywhere between 3-12 months depending on the amount of disputes needed to make, as well as building the credit mix. The average client usually completes the credit counseling process within 6 months, but it can take longer depending on your report.