Repairing Your Personal Credit Has Never Been Easier!
At GRH Enterprises, we specialize in empowering individuals to achieve financial freedom and stability. Our AI driven Crash Course Credit will enable you to understand the importance of a strong personal credit score, we offer tailored solutions designed to repair and optimize your credit profile effectively.
What is Personal Credit?
Entrepreneurs often use their personal credit in the startup phase of a new business. This is sometimes done out of necessity, as traditional banks and credit unions don’t extend business credit until the company has been established for a while. In this article, we’ll explain how to avoid that problem.
Personal credit is a term used to describe how you manage personal debt. That includes credit cards, personal loans, lines of credit, auto loans, and mortgages. Your payments on each of these are monitored by personal credit bureaus that feed information to companies, like FICO®, that calculate your personal credit score—a measure of your creditworthiness.
Credit bureaus like Experian, Equifax, and TransUnion then keep track of your individual credit history and publish credit reports that you can access. Lenders use your score (during a soft credit check) and these full reports (during a hard credit check, which can impact your score) to assess risk and decide if you can borrow more money.
To get your credit score, calculations are done using five primary data categories:
Flynn, K.D. (2024). Business credit vs. personal credit: Understanding the differences.
BlueVine 1-2
https://www.bluevine.com/blog/business-credit-vs-personal-credit
Review Your Credit Reports Regularly
Maintaining a good credit score is crucial for a strong financial foundation, so it's a good idea to check your credit reports regularly to evaluate your credit health, identify inaccuracies and determine whether you need to make adjustments to how you manage your debt.
Start by checking your free FICO® Score and Experian credit report to get insights and ongoing alerts. You can also get a copy of your Equifax and TransUnion credit reports for free weekly through AnnualCreditReport.com.
Luthi, B. (2024). What Are Tradelines, and How Do They Affect You? Experian 1-2 https://www.experian.com/blogs/ask-experian/what-are-tradelines/
We Have Partnered With Smart Credit For All Of Your Credit Boosting Needs.
About SmartCredit®
If your credit score had a superpower, it'd be the key to unlocking life's biggest milestones. But it wasn't that long ago that people couldn't even see their score. Since 2003, we've been giving Americans an easier way to unlock their full financial potential. We show consumers exactly how their financial decisions impact their credit scores and how they can control that number to reach their financial goals. Thanks to our $1 Million Whole Family Fraud Insurance, you can make sure those points are guarded.
OUR TECHNOLOGY'S SO GOOD IT’S PATENTED
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CREDIT SCORES & LOANS CAN BE STRESSFUL
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What We Do Best
We put you in command of your credit score and your money, credit & privacy
| DEROGATORIES THAT CANNOT BE ON YOUR PERSONAL CREDIT | |||
|---|---|---|---|
| Incorrect Personal Information | Charge Offs | Medical Bills | Repossessions |
| Inquiries | Collections | Child Support | Foreclosures |
| Late Payments | Judgments | Student Loans | Bankruptcy |
| Mortgage and Rent | All Home Bills |
| Auto Loan | Gas, Insurance and Repairs |
| Personal Loan | Self-Loan and Line of Credit |
| Credit Cards | Department Store, Secured and Unsecured Cards |
You only need four categories to manage your Personal Credit Profile.
You don’t need a lot of experience and knowledge to do the things listed above, and to achieve an 800 FICO Score. You also don’t need a lot of written materials, videos, training, finance experts, debt counselors, credit repair companies or persons, or any other source to do the SIMPLE
things above. You can do this all yourself, and save a lot of money, and gain the valuable knowledge, and education of the credit industry.
This is the Crash Course Credit Program that we created by Artificial Intelligence, and we know it will boost your scores to the number that we have indicated. It’s easy to use, it’s detailed, organized, but it does take someone who is Self Sufficient. As we stated we don’t do the work for you, but we do the work with you, and we guide you through the process.
School Loan Elimination Services
GRHE is the first company in the nation that can show you how to eliminate your school loan(s) quickly.
When you become an adult, and choose a business profession to work in, you should not have this tradeline on your personal credit profile. GRHE eliminates this through our newly AI created and highly lucrative referral program.
We use our Lucrative Referral Program, Grants, your very own Ecommerce Stores, as well as other methods to eliminate your school loan.
These method will eliminate this very big negative tradeline from your Personal Credit Profile. The advantage of moving this off your Personal Credit Profile is endless. The referral program we provide will pay this off very fast and you will be rid of this enormous debt for life! This is one of the worst debts to have on your Personal Credit Profile, but GRHE is the only company that has found the solution to this major credit problem.
Student Loan Debt Crisis
Student Loan Debt Crisis Melanie Hanson EducationData.org
https://educationdata.org/student-loan-debt-crisis
Report Highlights. The student loan debt crisis affects over 43 million Americans; rising debt and global hardship have prompted legislative action.
- Americans owe a total of $1.75 trillion in federal and private student loan debt combined.
- Federal student loan debt alone totals $1.62 trillion.
- 6% of all American adults have outstanding undergraduate student debt.
- 4% of student loan debt in repayment was delinquent as of March 2020.
- 8 million federal borrowers and up to 3 million private borrowers owe student loan debt.
Student borrowers are in crisis due in part to a rise in average debt and a decline in average wage values. A significant portion of indebted college graduates and non-graduate borrowers do not have su icient income to pay their debts. As unpaid debts continue to accrue interest, repayment becomes less likely.
For example, the average 1996 college graduate left school owing $12,750 ($25,571 in May 2024 dollars) in student loan debt. Just over 10 years later, 1996 graduates with loans remaining owed an average $16,500 (equivalent to $25,591 when adjusting 2006 currency values to May 2024 values) each.
Should a borrower fall behind on payments, the resulting impact on their credit score puts other forms of debt relief, such as refinancing, beyond reach. Losing access to additional lines of credit, such as an auto loan, mortgage, or loans to pursue a higher degree, the borrower often falls ever deeper into debt.
- The student loan debt growth rate outpaces rising tuition costs by 353.8%.
- $90.5 million or 12.4% of debt in repayment was delinquent in the first fiscal quarter of 2020, prior to the CARES Act.
- Despite federal relief measures, collective student debt increased 8.28% in 2020.
- 8% of delinquent loan debt was in default.
- 9% of borrowers who attended public institutions were behind on their student loan payments.
- By July 2020, 11.2% of adults with student loan debt reported they were unable to make at least one student loan payment that year-to-date.
- 1% of student borrowers under 40 years old are behind on their student loan payments.
20 years after entering school, half of student borrowers still owe $20,000 each on outstanding loan balances.
Economic Consequences
Economic consequences of student loan debt may include stunted new business growth, belated homeownership, and reduced consumer spending.
While the U.S. appears to have made relatively little economic progress in years following explosive student debt growth, there is no definitive link between market performance and student loan debt.
- Each time a consumer’s student debt-to-income ratio increases 1%, their consumption declines by as much as 3.7%.
- Would-be entrepreneurs are 11% less likely to start a new business if they owe more than $30,000 in student loan debt.
- Students with outstanding loan payments are 36% less likely to purchase a house.
- 32% of millennial renters indicate they will never be able to a ord to buy a home.
Sociological Consequences
Student loan debt appears to stress social programs and increase economic disparities between di erent social groups. 24% of Medicaid users hold a postsecondary degree.
- The financial benefits of a bachelor’s degree decline 0.98% annually for men and
0.75% for women.
- Black and African American college graduates owe an average of $25,000 more in student loan debt than White college graduates.
- 46% of Black student borrowers report they delayed buying a home as a direct result of student loan debt.
- 33% of Hispanic student borrowers say they put o getting married due to their student loan debt.
- 37% of Hispanic borrowers have delayed having children due to debt.
Is It Worth Paying Someone To Fix Your Credit?
If you’re struggling with poor credit, you’re not alone. The average American has accrued more than $90,000 in debt, while a full one-third of U.S. adults have poor or fair credit scores ranging between 300 and 620.
Fixing your credit can be a time-consuming process. But while credit repair services may promise simple remedies, they come with significant risks.
More than 50% of all credit repair complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2023 involved fraud and scams.
If you choose to work with a credit repair service, not only do you risk becoming the victim of fraud, but it can also be very expensive.
Credit repair companies claim to be able to help you quickly rebuild your credit score through a combination of legal and questionable methods — including removing incorrect and negative information from your credit history with the three major credit bureaus (Experian, Equifax, and TransUnion).
These credit repair companies make much bolder claims than credit counselors, who aim to help consumers better understand personal finance basics — including budgeting, making minimum payments, and the factors that affect credit scores (such as your current debt, payment history, and credit utilization).
Credit repair services often charge a subscription fee, which can range from $20 to $150 per month.
Others use a “pay-per-delete” method, by which you only get charged when the company successfully deletes an item on your credit report.
Paying a credit repair company can be risky. Scammers often set up fake credit repair sites and trick you into paying for their services upfront (which is illegal). Once they have your money or financial information, they disappear and leave you in more financial trouble.
Even legitimate credit repair services can persuade you with promises of good credit, but the truth is that no company can guarantee to increase your credit score. With a bit of work, you can repair your credit score on your own without paying someone and facing potential risks.
How To Tell If a Credit Repair Company Is Legitimate (Or a Scam)
If you choose to work with a credit repair company, it’s important to understand the risks — especially if you’re in a financially vulnerable situation.
In 2023, the CFPB reached a $2.7 billion settlement with some of the biggest U.S. credit repair companies, including Lexington Law, over deceptive marketing and illegal sales tactics.
Before you start working with a credit repair company, you should understand its process, pricing, and the services it provides.
You should also research the company thoroughly and check for complaints from the CFPB, Better Business Bureau (BBB), and Federal Trade Commission (FTC).
Here are some things to watch out for that can help you determine whether a credit repair service is legitimate or a scam.
The Bottom Line: Don’t Get Fooled By Fake Credit Repair Agencies
Credit repair services can seem like a good way to fix your credit fast. In reality, these
services are often overpriced and can even be dangerous. You can do everything that a
credit repair company can do — on your own, for free.
To keep your credit score positive, focus on making on-time payments, keeping your credit
utilization low, and reporting outdated or erroneous information. You should review your
credit report every year to make sure it’s accurate.
Take Charge of Your Financial Health
Ready to take charge of your credit health and achieve financial independence? Contact GRH Enterprises today to discover how our personalized credit repair solutions can empower you. Whether you're aiming to boost your credit score, resolve disputes, or monitor your credit profile, our dedicated team is here to assist you at every stage.