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| What kind of works does the credit service involve? | ||||||
| 1. Works Collection Simple receives the request from a client to investigate the credit information for individual and corporate (individual business operator) and provides the credit information for the client. The company also collects, summarizes, and analyzes the credit information, which will be provided as inquired by the client. In addition, Collection Simple analyzes individual credit reports and provides consulting, scientific and systematic, for the phased approach to credit repair. 2. Credit management Credit is a critical element indispensable to living an individual everyday life or running a business. Therefore, credit should be always managed regularly with interests. Collection Simple supports the following works for efficient credit management. a. Check own credit Not a few people often think they have a good credit score and apply for credit only to run into trouble due to unexpected incorrection information. That is why it is desirable to check credit often and find out own credit status regularly. You need to check a personal credit at least once a year for any incorrect record. Any inaccurate or outdated information contained in your credit report will adversely affect a new loan or credit applied. Recent statistical and study data report that many credit reports contain false, erroneous information. This erroneous information contained may lead to denial for loan, insurance, or employment. These unfortunate events are often caused by the mistakes in administrative works or the errors from mixing up the information of other people with similar name or address. Therefore, it is very important to check own credit regularly. We receive the request from a client to investigate the credit information for individual and corporate (individual business operator) and provide the credit information for the clients. We also collect, summarize, and analyze the credit information, which will be provided as inquired by a client. b. Explanation on credit management tips A good credit available for you is the most valuable tool in economic perspectives. You need to keep your credit in good standing and adhere to the following principles to continuously manage a good credit: You should not spend money beyond the capability to repay with own capability. Many people ruin their credit for not paying back purchases or expenditures spent more than necessary. All payments need to be calculated accurately and paid on time. You should resist the temptation of mail-in credit card application and raising a credit limit. Surrendering to such temptation will result in the snowballing of card debts. You must make it a habit to use credit cards for emergency within the credit card limits. Credit inquiries are to be minimized in carrying out various credit or financial transactions. Your credit file shows how many inquiries you have requested. Credit inquiry should be maintained 5 times or less a year. For any issues with repaying debts, it is recommended to contact the credit institution in advance to explain more about the current situation and future repayment plan. The institution, which provided credit for you, may suggest other option to help you pay back debts. You need to check regularly if your credit report has accurate records and reporting. As a conclusion, the most important to build up a good credit will be making on-time payments and always checking if these debt repayments are being reported accurately. c. Consulting on how to repair a poor credit Poor credit can be repaired if you stay away from dwelling on the already deteriorated credit and work hard for fixing it. You need to resolve the unsettled accounts from the past through active credit repair and build and show a habit that you will be fully responsible for paying back from now on. Any positive accounts are as critical to build a good evaluation as poor accounts in the credit report. Credit repair does not happen in a day. It is a hard and slow process to build a credit on bad credit. Still, persevering in building credit will help repair credit sooner than expected. Collection Simple analyzes individual credit reports and provides consulting, scientific and systematic, for the phased approach to credit repair. |
