Fast Credit Repair - New Loan Love Guide To Getting The Best Credit Score

SAN DIEGO, Sept. 10, 2013 /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. In finding a fast and reliable way for credit repair, loan borrowers may often find the task may be too much of a hassle and time consuming. But the experts at Loan Love believe there alternative solutions to circumvent these timely days. Loan borrowers can now learn more on fast credit repair with Loan Love's newest article "Fast Credit Repair (Pipe Dream Or Reality?)" just by using a few simple tips provided by Loan Love.

Sharp loan borrowers know how imperative it is to have good credit; After all, being on poor credit can cause a buildup of problems that will weigh down borrowers in the long run. Poor credit can eventually lead to hefty mortgage interest payments which can financially bring down borrowers especially when paired with car loans, credit cards, and insurance. Keeping healthy credit can also be a lifelong achievement for loan borrowers, which leads loan borrowers to believe credit repair can take a long time to achieve too. But as the Loan Love article points out, that's not always the case. Credit score can be improved with a few key factors, namely:

•    Account Balances. The article points out: "Ideally, you want the balances on each of your accounts to be no more than 20% of the credit limit for that account. So, that means that for an account with a $1,000 limit, you'd want to owe no more than $200."
•    Keeping old credit lines instead of canceling them. This can be beneficial for loan borrowers with long running accounts. Credit lines can often add age to an account, and will loan borrowers look more presentable to creditors.
•    Abstain from taking out new credit. "Similarly, new credit lines decrease your overall account age and they can also make you look desperate for money. If you're trying to improve your score for an upcoming loan, avoid taking out new credit for now" the Loan Love article mentions.
•    Last, always review payment History. This can help a credit score portfolio look better, and the longer a borrower consistently pays on time, the more it will help improve credit score, even with just a few monthly payments made on time.

Granted, the Loan Love article says that the best way to restore bad credit is the passing of time until a borrower's credit score heals. But even with bad credit, a loan borrower can take the above steps now to improve their credit score sooner rather than waiting it out. Consulting a credit repair company can be the best course of action for finding credit score as well. As a final reminder, the article advises that responsible behavior and paying your payments on time can improve a loan borrowers credit score and make lenders more willing to sign out loans.

To read more on the article and fast credit repair, please visit LoanLove.com.

Media Contact:Kevin Blue, LoanLove.com, 949-292-8401, contact@loanlove.com

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SOURCE LoanLove.com