Faith Based Credit Repair Company

As a Faith Based Credit Repair Business, our mission is to honor God by operating the business in a manner consistent with Biblical principles. Our values and morals are based on our faith and we view each client with respect and dignity.

As founder of Conquest Credit and Debt Consulting, I created this business to help families get back on track financially. My hope is they will find the financial peace and freedom in rebuilding their credit and taking control of their financial future. I believe in earning my clients’ trust and take pride in providing the financial knowledge and tools to help them climb out of debt and stay away from it.

As a business Conquest Credit and Debt Consulting is committed to excellence, integrity and 100% satisfaction. Our hope is for our clients to be prosperous, secure and confident in knowing they can rebuild their credit and create more opportunities for their future.

Danny Ramirez

800 288 4833

Federal Study Reviews Credit Report Accuracy

BY DARREN WAGGONER

JAN 22, 2015 11:04am ET

A federal credit report accuracy study  found that most consumers who previously reported an unresolved error on one of their three major credit reports believe that at least one piece of disputed information is still inaccurate.

The congressionally mandated Federal Trade Commission study is the sixth and final review of credit report accuracy. It follows a studyissued by the FTC in 2013, which examined how many consumers had errors on one of the three credit reports.

The 2013 study found, among other things, that one in five consumers had an error that was corrected by a credit reporting agency after it was disputed on at least one of the three credit reports. The study also found about 20% of consumers who identified errors on one of the three credit reports experienced an increase in their score that resulted in a lower credit risk tier, making them more likely to be offered a lower auto loan interest rate.

The new study announced Wednesday focuses on 121 consumers who had at least one unresolved dispute from the 2012 study and participated in a follow-up survey. It found that 37 of the consumers (31%) stated that they now accepted the original disputed information on their reports as correct.
However, 84 of these consumers (nearly 70%) continue to believe that at least some of the disputed information is inaccurate. Of those 84 consumers, 38 of them (45%) said they plan to continue their dispute, and 42 (50%) plan to abandon their dispute, while four consumers are undecided.

The study also examined whether consumers from the 2013 study, who had their credit reports modified after disputing information on their credit reports, had any of the negative information that had been removed subsequently reappear on their reports. The study found two instances of this, representing about 1% of these consumers.

The study recommends that credit reporting agencies review and improve the process they use to notify consumers about the results of dispute investigations, and that credit reporting agencies continue to explore efforts to educate consumers regarding their rights to review their credit reports and dispute inaccurate information.

Other study results can be found in the executive summary of the report.

To read more blogs like this or if you would like any advise or help in any of these areas feel free to visit our website and sign up for our for our Newsletter. Like us onFacebook page and we will send you a free ebook on "Understanding Your Fico Score"

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Danny Ramirez 
800 288 4833

Access to FICO Scores Expected to Soar

BY DARREN WAGGONER

JPMorgan Chase and Bank of America plan to start offering FICO scores they have on customers to them for free, according to a statement released Monday by the White House.

The moves likely will make a score once known in many cases only by lenders more readily available to millions of consumers. FICO scores, created by Fair Isaac Corp., are used in about 90% of consumer-lending decisions. 

Consumers have dozens of FICO scores but in many cases the scores they can purchase aren't the exact FICO scores a lender has on them.

Along with the two banks, auto-lending giant Ally Financial is expected to start offering FICO scores to its loan customers.

Lenders commonly review credit score and credit report changes for borrowers. This includes information such as how much credit card debt they owe compared to spending limits and whether they've fallen behind on payments to other lenders that would point to increased risk. 

Lenders are feeling more pressure from federal regulators and the news about the expanded credit score availability likely was influenced by the pressure. 

The Consumer Financial Protection Bureau called on large credit card lenders in February 2014 to make credit scores available to consumers.

FICO launched the "Open Access" partnership program in November 2013 and has added Discover Financial Services, Barclaycard, First National Bank of Omaha and Sallie Mae, among other lenders, to the program. The program shows consumers the two most important factors impacting their credit scores. Consumers can only access the program if their financial institution subscribes to it. The program is available to all servicers that use FICO scores to evaluate credit risk.

Bank of America will start providing credit card users with their FICO score later this year. Ally Financial will begin to offer car-loan customers their score next month in a pilot phase, according to a spokeswoman. Ally customers will be eligible to see their score, though they will need an account online, where the score will be made available.

Chase expects in the coming months to offer FICO scores free to its credit card users who use its "Slate" card. Chase has approximately 10 million Slate card holders.

Fair Isaac officials told The Wall Street Journal last month that it expects nearly 60 million consumers in the U.S. to soon have access to their FICO scores, up from an estimated 32 million in December and 8 million when the program first launched. The figures don't include Bank of America, Chase or Ally.

To read more blogs like this or if you would like any advise or help in any of these areas feel free to visit our website and sign up for our for our Newsletter. Like us onFacebook page and we will send you a free ebook on "Understanding Your Fico Score"

 No matter where you're at in the US we can help. 

To Read more blogs like this, Like us on Facebook or sign up for our Newsletter  

Danny Ramirez 
800 288 4833