Established in 2014, Allied Credit Consultants act as a connection between creditors and customers with outstanding debt. Finding customers through credit bureaus and loan documents, Allied Credit Consultants help customers consolidate their debt and then report it to the credit bureaus.
The first step to building credit is to get a credit card. Some companies offer secured credit cards, which require a person to make a cash deposit first to help lessen the risk of the issuer. Student credit cards are great for younger people trying to build credit, but can come with high interest rates. If someone can co-sign a loan for a borrower, that also helps lessen the risk for the loan agent, but that makes the co-signer also responsible for that other person’s debt.
Credit bureaus like FICO can pull up a person’s score if they have had an account open for at least half a year and a creditor is reporting activity to the bureau.
No comments:
Post a Comment