Credit Consulting
Welcome
Credit Consulting
- Business Credit Services
- Personal & Business Credit
- Chexsystems Removal
- Credit Building
- Credit Monitoring
- Credit Repair
- Debt Management Consulting
- Home Purchase Consulting
- Personal Loans
- Business Line of Credit
- Business Credit Program
- Credit Consultation
- Credit Rebuilding
- Credit Repair Book
- Credit Repair Program
- Restore Your Credit
- Business Funding
- Credit Analysis
- Credit Education
- Document Preparation
ABB Mentorship
The livewire of every successful business enterprise is predicated on three essential factors – the business idea, the available business resources to bring the idea to life and the ability to effectively and efficiently blend and manage these resources to achieve the desired results of the stakeholders of such a business.
Business Credit Analysis
We need to identify the business needs and determine the solution for every business problem
Help Building Business Structure
We need to determine the legal structure of the organization because it has a wide implication for business financial success
Help to Improve Fundability
You need to know that fundability is the ability of your business to get funding. Lender needs an assurance that you can pay in the near future that’s why we are here to help.
Business/ Building Business Credit
At some point in your journey as an entrepreneur, you’re sure to come across the term “business credit.” However, if you’re like many business owners, you may wonder what does business credit mean?
It is the ability of your business to borrow money or make business purchases on a deferred payment basis. For your business to enjoy that, it needs to be structured. It needs to build up a good credit rating of its own different from your personal credit score so that you can make it easier to borrow money when your company needs it. Remember, it is your lifeline to success.
How Your Credit Score Affects Buying A Home
If you are thinking about purchasing a home it’s important to know your credit score. Lenders examine your credit history when determining whether you qualify for a home loan. Your credit history and credit score play a major role getting approved and in the interest rate your lender will offer you. The higher your credit score is the better interest rate you will get.
Once you begin making mortgage payments, your lender will report the new loan to the credit bureaus and it will appear on your credit report. If you make regular payments and make them on time this has a favorable impact on your overall credit score.
So what about if you don’t have a good credit score? Well depending on the lender your credit score must be at least 660 (this is considered mid-range) to get a mortgage loan. Having a lower credit score will still get you a loan but it affects your interest rate, buying power, down payment and mortgage insurance.
A higher interest rate changes everything when buying a home. Here is an example of the National Mortgage Interest Rate when purchasing a $150,000 home with a 30 year fixed loan:
Credit Score | Interest Rate | Monthly Payment | Total Interest Paid |
760 to 850 | 3.47% | $671 | $91,490 |
700 to 759 | 3.69% | $689 | $98,217 |
680 to 699 | 3.87% | $705 | $103,650 |
660 to 679 | 4.08% | $723 | $110,301 |
640 to 639 | 4.51% | $761 | $123,931 |
Contact Us Today
Here at ABB of we can help you improve your credit score so that you can get the interest rate that you deserve. Contact one of our credit specialists today to schedule a consultation (334) 458-1676.
What to Expect From ABB
During the consultation we will answer all of your questions and get you started on a plan that will help you increase your credit score. Our professional staff will guide you through the entire process. We will also give you access to your account so that you can review any updates whenever you want.
How Your Credit Score Affects Buying A Car
Your overall credit score is made up of several different sections, your payment history, credit utilization, credit mix, length of credit history, and amount of new credit. The goal is to mix up your credit with different types of loans, so you can increase your credit history and subsequently your credit score.
Having a car loan on your report can help improve your overall credit report. If you make payments on time it shows you’re less of a risk to loan officers and banks.
When buying a new car, there are three main factors that will determine your monthly payments. First is how much money you put down, then how long of a term you decide upon and the most important factor is your credit score.
Is your credit score good enough to get the best rate? If it isn’t we can help you. ABB can help you improve your score so that you can get the best rate on your car loan.
How does paying my car loan affect my credit score?
Paying off your loan early can save you money and free up some of your monthly cash flow. Car loans with timely payments show your ability to pay off a large debt. They also give you valuable points toward credit mix, payment history, and length of credit history. But you also have to keep in mind that when you pay off a car loan, you close the account. Open and active accounts create better credit history than closed accounts.
Contact a ABB Expert
Our goal is to get you a better credit score so that you can obtain a car loan. We will work with you on devising an action plan for things you can do to maximize your credit profile. Our strategies are proven to help improve your credit. Contact us today to schedule a consultation (334) 458-1676.
How Credit Affects Employment Opportunities
Are you looking for a job? Did you know that your job search could be impacted by your credit report? Many companies check job applicants’ credit as part of the background check while others only look at credit reports to protect themselves against actions that violate ethical standards or criminal behavior.
Your credit score can play a very real role in whether or not you get your dream job. This is especially true if the job in question works with money in a bank, or in another finance related field.
The bottom line is that employers want to have confidence in their employees, and an individual’s personal record with money can ultimately help or harm their chances of landing the job they want.
What you can do to be prepared
When your information is requested, credit bureaus will send over a variation of your credit report meant specifically for employers. Before you start your job search get a copy of your credit report. Find out what is on it so you’re not blindsided by an inaccurate item that you don’t know about until an interviewer asks.
Good credit can indicate a level of responsibility that’s desirable in employees. It can also give employers an idea of whether they can trust an employee around money.
If you find mistakes on your credit report we can help you get them removed. We will not only help you fix errors we will help you improve your score. By getting your credit score back on track you can not only increase your chances of getting the job you want, you can also get your financial life back on track.
Contact ABB
If knowing that a potential employer may check credit history causes you concern you should know that we can help you. Here at ABB we have helped countless of clients repair or restore their credit so that they can get the job they want. Schedule a consultation today (334) 458-1676.
