Oregon City, Oregon (PressExposure) March 11, 2011 -- NCA Credit Repair is an Oregon business that is encouraging people to increase credit score on their own before applying for home mortgages. Credit scores affect many facets of life including mortgage rates so as people begin to look at buying homes this year NCA Credit Repair urges them to repair their credit.
"Most people know that housing prices are low," says Co-Owner Natasha Ochs, "But they don't know that you could need a 740 to be approved to buy a home." As we are entering spring where people are looking into buying new homes or refinancing current homes, NCA Credit Repair reminds us that people with bad credit could be paying $60,000 to 190,000 more over a 30year mortgage.
NCA Credit Repair is offering a 6-month membership to its acclaimed credit repair how to online tutorial for $37. This course educates people on how to repair their credit without help from credit repair companies, counselors or law firms. The course also teaches people how to prevent bad credit scores in the future. "We have worked with people who have paid to have their credit repaired 2-3 times," says Co-Owner Jon Ochs, "But this is the first time they have understood the reason why their credit has fallen."
The DIY credit repair company dispels quite a few myths including the belief of closing old accounts can help your credit score. Many of NCA Credit Repair's customers hear this when talking with mortgage brokers because many often have several old credit accounts that haven't been used for some time. However, credit history, including age of accounts, affects about 15% of a customer's credit score. By closing one old or seasoned account, a customer's score can drop by 100 points in one day.
Another common problem with having a company handle someone's credit repair is that he/she has to share personal information with strangers. If a person is working with a large company then that means that his/her personal information is passing through many hands and could get lost in the shuffle unlike when that same person uses NCA Credit Repair's do it yourself course. The other common problem with working with a credit repair company is that the customer is doing 60% of the work already by signing, sending and verifying many documents. "It doesn't take much more effort to repair your credit yourself," reminds Jon, "It could only take a few months for someone to fix their credit but it can pay off over a lifetime with the lessons they learn about credit."
This is a great time to buy or refinance a home, it is also the best time to learn how to repair credit scores and reports as it affects not only your housing and auto payments but also insurance, student loans and employment. You put time into finding the perfect home for your family, so why not do the same to create your prefect credit score?