Top 5 Credit Questions Asked By Our Friends

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First of all, great questions! A lot of you messaged with your questions, and most of them boiled down to these, if your question was more specific, I’ll respond via Facebook messenger. When you have questions, just message us or post on our Facebook page and I’ll gladly answer them!

1. Can’t I just pay off my debts to get them off my report?

Payment history is the biggest thing that lenders look at when deciding if they are going to lend you money. Paying off your debts does not remove the information from your report, however, the FCRA (Fair Credit Reporting Act) does give you the right to dispute items that do not meet the complete, accurate, and verifiable standard.

2. I never use credit, why am I getting denied?

If you don’t use credit, you can’t build credit. Positive history is a huge percentage of your credit, and in many cases, having no credit can make getting approved even harder to get than if your credit isn’t in good shape. Bad credit is better than no credit.

3. I heard there was a 7 or 10 year limit for things being on my report, why does mine show stuff from 12-14 years ago?

While there is a 7-10 year statute of limitation, (from the time the account is closed, or date of last activity,) for most items they don’t typically fall off by themselves. Having an experienced professional in your corner to dispute items of this nature is the best line of defense. We know the laws and standards that get quick, lasting results.

4. What is the average American’s credit score? And what is considered a “good” score?

In August of 2015, the average FICO credit score in America was reported as an all time high of 697! Nearly 77 MILLION Americans still have credit scores under 600, but more people are taking steps to better credit, now it’s your turn. FICO scores are on a scale of 300-850. The ratings break down like this:

300-629: Bad credit

630-689: Average credit

690-719: Good credit

720 and up: Excellent credit

5. What is the minimum credit score to get a home loan?

Most lenders are looking for a score in the mid-700s for traditional home loans. However, to qualify for an FHA loan, (government backed) a score in the mid-600’s is usually enough. A VERY important factor to remember is that lenders will always put more weight on what your actual credit report says, not the score.

So there you have it, 2016 is your time to make moves! We will put you on the right track to better credit, call or click today! 1-888-682-3455 or

Have a great weekend all!

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