We teach our clients the language of money at
Why Credit Connections?
Here at Credit Connections we like to keep things simple. If it has to do with money and finances we want to help you with it and believe it or not, credit is tied to it all!
We have three different phases of processes:
If this sounds confusing, let me give you an example of a client that we helped.
John Doe (total fake name…privacy, duh!) Came into our office and wanted to hire us to fix his credit. He had just bought a car from a local car dealership and could barely make his payments, he was scared that is was going to get repossessed. He was also getting bombarded with junk mail and offers for credit cards every day. We looked at all of his finances and ran his credit report for him (in house and free with consultation…hint hint). We saw that his scores from all 3 bureaus were in the high 500s range (550, 585, 605). When looking at his credit report, we saw that he had tons of credit card debt and student loans. Even though he was current on all of his payments, his debt to income ratio wasn’t that great and his balances were really high. In addition to that we found some collections from a cable/internet company for $0. How do you collect on $0??? It was a billing error from when he had moved to his new house and this item was hurting his scores.
After being on our program for about 30 days (results vary) we were able to dispute those negative items and get them removed from all three bureaus (Experian, Transunion, and Equifax) on his credit report. His scores raised to the low 600 range. We then referred him to a local credit union to refinance his vehicle. His interest rate on his vehicle was at 23% (super high) and that is why his payment was so high. So we found a credit union that pulled from Transunion and sent him there. He was approved for the refinance and his new interest rate was only 11%, this also gave him a month off from making his monthly payment and dropped his payment down to $215/mo ($385 saved instantly). The refinance added some good credit on to his report, and his scores raised again after about 30 more days (now his average score was about 680).
Then we advised him to get a decent credit card with a 0% balance transfer fee. He transferred all of his small balance credit cards that had 20% interest to a 0% interest rate card, so that he could just pay the balance on his cards and not waste money on interest. This new credit card also gets cash back, so he is literally getting paid to pay off his debt. After 3 months of doing this, he payed off some of his debt and how his scores are in the low 700s.
From here we referred him to a different credit union (that pulls from Equifax) and he refinanced his vehicle once more to 3.9% interest, giving him a month off his payments and dropping his monthly payment to just $185 while keeping the same tern length as before ($245 savings). In addition to that we were able to raise the credit limit on his credit card to $10,000. He then transferred the last of his credit card debt to this card at 0%, freeing him from credit card debt and once again literally getting him payed to pay off his debt faster than ever!
Now that John Doe has payed off all of his credit card debt and can afford his monthly payment on his car, he has an extra $300/month in disposable income. We then referred him to our financial advisor. With that extra $300 a month he is now putting that money into a whole-term life insurance policy and investing in his future for retirement. In one year’s time we took John Doe from barely paying his bills and broke to out of debt and investing for retirement. THAT IS WHAT WE DO FOR OUR CLIENTS!
When it comes to your credit and your finances, it is really hard to go at it alone. It’s much better to have someone in your corner and to really be working on it with someone who has been there, done that, and knows what they are doing. Let us help you with what you want to accomplish. Let us work with you to get you back on track and where you need to be.
Don't want to wait? Call us directly at (844) 756-7462. Our offices are open Monday through Friday from 9am to 5pm (bank schedule).