Damaged Credit
We offer 3rd party credit restore services across the Nation. Our credit restoration contacts are available to millions of Americans who find themselves unable to get out from under.
Our contacts offer an easy way to get the credit restoration process started!
E-mail us or call and we'll tell you what we can do to help, and what we consider to be the problem area(s) of your credit report.
This will give you a good starting point in restorring your credit.
If you don't already know want you want them to restore on your credit we suggest you order a tri-merge credit report from the banner advertised below.? This will not affect your score!!!
Or... send us an email at creditrepair@newdaymtg.com with any questions or concerns you have and we'll do our best to address your concerns.
FYI:
The three major national credit reporting agencies, also called Consumer Reporting Agencies (CRAs), are not government agencies. They are for profit, multi-million dollar national credit corporations that gather and sell your private personal credit information to creditors, insurers, employers, landlords, and companies that solicit you for credit and insurance offers.
They also sell your credit history information to telemarketing and mailing list companies, without your permission and in most cases without your knowledge! They admit that errors occur on consumer credit reports, but they do nothing to correct them.
If they really cared what they reported, they could send everyone a copy of his or her credit report once a year and ASK if everything is right! But they don't. Instead they report whatever they want and make the consumer 'prove' that the credit report is inaccurate.
Credit Report Repair (Our 3Rd party Contacts) are very different from a non-profit credit counseling agency, because they work for YOU.
Good Credit Scores Can Save Money on Mortgages, & Auto Loans
(June 25th, 2007)
Have you ever wondered how much money you could save when borrowing loans if you had a good credit score? Small relative shifts on your credit score can make a huge impact on your monthly payments, and these monthly payments added over time can make significant difference as well. Gail MarksJarvis, author of Saving for Retirement without Living Like a Pauper or Winning the Lottery quotes, 'What if you could invest that money in a simple mutual fund that covered the entire stock market and left it until you were approaching retirement?' Historically these funds have earned on average 10 percent per year. Investing even $100 per month of money saved, thanks to a better score, over the course of 40 years adds up to over $559,500.'
These rates were derived from MyFico
i) Money Saved on Mortgages
It's assumed the mortgage is for $165,000 and 30 Year Fixed-Term Mortgage.
|
Credit Score |
Interest Rate |
Monthly Payment |
Money Saved if Credit Score was >760 ** |
|
760 - 850 |
6.274% |
$1,019 |
0 |
|
700 - 759 |
6.496% |
$1,042 |
$8627 |
|
660 - 699 |
6.780% |
$1,073 |
$19,788 |
|
620 - 659 |
7.590% |
$1,164 |
$52,336 |
|
580 - 619 |
8.905% |
$1,316 |
$107,234 |
|
500 - 579 |
9.899% |
$1,436 |
$150,192 |
** This is the total money one could save over the life of the 30 year mortgage term if the Credit Score was greater than or equal to 760.
Home Equity Loan
It's assumed the home equity loan is for $30,000, 15 year Fixed-Mortgage term.
|
Credit Score |
Interest Rate |
Monthly Payment |
Money Saved if Credit Score was >760 ** |
|
740 - 850 |
8.492% |
$295 |
0 |
|
720 - 739 |
8.792% |
$301 |
$953 |
|
700 - 719 |
9.292% |
$310 |
$2,562 |
|
670 - 699 |
10.067% |
$324 |
$2,100 |
|
640 - 669 |
11.567% |
$352 |
$10,161 |
|
620 - 639 |
12.817% |
$376 |
$14,523 |
** This is the total money one could save over the life of the 15 year mortgage term if the Credit Score was greater than or equal to 740.
iii) Auto Loan
It's assumed the Auto Loan is for $22,000, 36 months fixed term.
|
Credit Score |
Interest Rate |
Monthly Payment |
Money Saved if Credit Score was >760 ** |
|
720 - 850 |
7.131% |
$681 |
0 |
|
690 - 719 |
7.974% |
$689 |
$307 |
|
660 - 689 |
9.444% |
$704 |
$847 |
|
620 - 659 |
10.967% |
$720 |
$1,414 |
|
590 - 619 |
14.360% |
$756 |
$2,705 |
|
500 - 589 |
14.896% |
$762 |
$2,912 |
** This is the total money one could save over the life of the 36 month Auto Loan term if the Credit Score was greater than or equal to 720.
To begin the process send us an email at creditrepair@newdaymtg.com with any questions or concerns you have and we'll do our best to address your concerns.
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