CreditAssistPros
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CreditAssistPros is a simple company designed to help those with less than perfect credit get a foot in the door, so to speak. Credit can be a hard thing to build but an easy thing to lose. Mistakes happen and people fall on hard time, and here at CreditAssistPros, we understand that.
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CreditAssistPros started to help those who have never had credit, or those who have had some unfortunate circumstances and are now burdened with credit challenges. We have all been there, and that is the exact reason CreditAssistPros was founded.
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We compile and work with several companies who specialize in those who have credit challenges in their past or current life. Late payments, repossessions, bankruptcies, it doesn't matter how high the hurdle, we can help you jump it.
ABOUT
What is Credit?
To put it simply, credit is a numerical representation of how trustworthy you are when it comes to repaying a debt.
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This is the main reason those of us with credit challenges have a tough time in this world.
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If you happen to have a low credit score, then when you ask a bank to borrow money you will get one of two things.
- A High Interest Rate
- A declined application
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Banks, and we mean all banks, from your personal bank, to automotive lending banks all look at your credit score and your credit history.
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Your Credit Score, also known as a "FICO" or "Beacon score" is your numerical representation of how well you are currently keeping up on your debts. We arrive are your score by combining your current situation with your past debts.
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Your past debts are what are referred to as your Credit History.
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If in your past you lost your job and were no longer able to pay for your vehicle you will have a vehicle repossession in your Credit History. This can make a lender (the bank) less likely to approve you the next time you ask for a car loan. The lender cannot see that you lost your job and fell on hard times, all they can see is that you previously stopped paying for your last car.
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The lender has to put a lot of money on the line when they give you a loan of any kind, so when you have negatives like a repossession in your Credit History, it makes them worried that they may not get the money they lend you back. In turn they will either decline your request for money, or you will be required to have a down payment or collateral, and most likely will have a higher interest rate than a person who does not have credit challenges.
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All hope is not lost, and CreditAssistPros is here to help! Let us begin to help you by introducing you to the companies we work with.