A poor credit rating can limit your ability to live a normal life both personally and professionally, as well as limit access to the funds you need to obtain a mortgage or to start a business. Turner Little asks: what is credit repair?
What is a credit rating?
A ‘credit rating’ is a tool lenders use to determine whether they should supply you with financial facilities such as loans, credit cards, mortgages and financial services. We all have a credit file and if negative or adverse information is added to yours, you could develop a poor credit rating.
If you have a poor credit rating, lenders may refuse your applications for a range of products. This can include credit and store cards, as well as a variety of loans (including mortgages and business loans). You may even be prevented from opening a new bank account. If you have a poor credit rating, it may be advisable to invest in effective credit repair services, such as those offered Turner Little.
What is credit repair?
With our credit repair service, we aim to remove and correct any inaccurate or harmful information listed by credit reference agencies on your credit profile. If inaccurate data is included in your profile, it may be causing prospective lenders or service providers to turn down your credit applications, denying you access to key financial services. Not only can this negative information prevent you from securing additional credit, it can even hamper your ability to live a normal life or build a business.
If you utilise Turner Little’s credit repair services, the first step we take will be to obtain your credit profile. This provides us with the information concerning your previous credit history that we need to in order to improve your financial situation. Turner Little provides both personal credit repair and business credit repair.
Personal and business
If you are using our personal credit repair services, we will access your credit profile and provide you with easy to understand analysis of your profile highlighting the reasons why you have a poor credit rating. We will then confirm the steps which can and cannot be taken in order to improve your credit rating, before determining a course of action. We will then implement the agreed measures and send you a detailed copy of your ‘repaired’ profile, along with notes explaining its contents.
Our corporate credit repair service is similar. We will conduct a complete search of your company’s credit profile and provide you with a comprehensive report detailing the various aspects of your business’ credit rating, including credit scores and limits, a full financial analysis for the previous four years and company capitalisation details. This information will then enable us to determine an effective credit repair strategy for your company.
Turner Little
Turner Little was founded in 1998 and it has since become a well-established UK based professional Company Registration Agent, Registered Bank Intermediaries and Business Consultants, as well as Trust provider. You can receive our monthly newsletter by signing up using the form below.
