Part of this business is to know more than simply how to write dispute/verification letters. Our clients depend on us to give as much anecdotal information as we can, and while we can't make promises, we certainly can draw upon client files of the past and present.
Case on point. Want to know how damaging to credit high balances are??
Cause and Effect. As a reminder, when we eclipse 20% utilization on our revolving accounts, we begin to feel the effects of it on our credit scores. When we pay them back down, we bounce back.
What can we learn from this?? Make sure your cards are paid down to 20% or less before we go for credit! 68 points can be several % points difference on a car loan, or make the difference between qualifying for a mortgage or not.
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Ed-Jack Dvorak is National Affiliate Liaison at Credit Dr., a national credit restoration company. He works with clients and creditors to improve credit profiles.