Philadelphia, PA -- (SBWIRE) -- 02/13/2015 -- When looking to make a major purchase, such as a house or vehicle, individuals are asked to provide a credit report. Unfortunately, all too often the numbers that go into determining a credit score are miscalculated. These mistakes can drastically hurt the credit score and prevent the prospective buyer from qualifying for a loan. Helping clients form a better understanding of the complicated subject, Quality Credit Repair has offered advice on credit scores.
Many do not realize their credit scores could be much better with just a little bit of investigation. 79% of these reports contain an error of some kind that is having a negative impact. Over half the population has erroneous pertinent demographic information on it that they had not included themselves. A quarter of credit reports have miscalculations that have done enough damage to result in the individual being denied a loan.
Unfortunately, not everyone has a thorough understanding of the components of their scores, which leads to them being in need of bad credit repair in Philadelphia. The staff at Quality Credit Repair has broken down the aspects in laymen's terms to make it as easy to understand as possible. On a credit score, 35% of the total is determined by the individual's payment history and another 30% is based on their amount owed on credit cards and loans. The length of their credit history makes up 15% of the score, and the remainder is split between new credit and types of credit they have used.
Before starting Quality Credit Repair's services, there are a few things clients can do to improve their scores. One of the most valuable things they can do is to keep their credit balances 30% on all available lines. They should also minimize inquiries on their credit score. The final thing they can do, which at times can be quite difficult, is to maintain a stable home and steady employment.
With these credit tips, Montgomery County residents can put an end to anything that may be hurting their score, while Quality Credit Repair helps them build a stronger credit report. Those interested in the company's services can visit their website or call 877-260-2252.
About Quality Credit Repair
Quality Credit Repair works to help clients better their credit score and ensure they receive the most accurate credit reports. Their dedicated and highly trained consultants have over 15 years of experience resolving credit related issues. They will review a client's credit report and highlight areas that are harming the scores. The consultant will also layout changes the individual can make to better their credit. The company helps build credit by recommending the opening of secured accounts with certain, trusted lenders. Their services are available to clients anywhere in the country.
For more information, please visit http://www.qualitycreditrepair.com/.