DENVER, Colo., Aug. 20, 2013 (SEND2PRESS NEWSWIRE) — Silver Bullet Consulting, LLC announced this week the launch of BoostCredit101.com, a business that provides its clients with the ability to improve credit scores by up to 150 points.
“Quite often people will find themselves in a position where they need credit, but their credit has been compromised or they have not had a chance to build credit. Reasons may include divorce, job loss, being a recent college graduate, etcetera,” Tripat Kaur, vice president, BoostCredit101.com, says. “We can help.”
So, how does it work? BoostCredit101 provides tradelines – or rented lines of credit – to its customers. Once the customer’s name is added to one or more tradelines, the customer inherits the benefit of that account and its positive credit history. In turn, the customer’s credit receives a significant boost.
One happy customer says, “Divorce is a nasty experience, not only emotionally, but also financially. My score dropped from 730 to a low of 600. I couldn’t refinance my house. I contacted BoostCredit101 and they were able to get me on track in less than two months.”
The process takes approximately 30 days and will last on the FICO (previously Fair Isaac Corp.) report for at least 60 days. This is the ideal window for customers to act on their financial goals such as a home refinance, car loan, new lease or credit card.
There are three credit-boosting packages to choose from that include: bronze, silver and gold programs. The bronze package can boost your credit score up to 60 points and the gold up to 150 points.
What does FICO have to say about this?
Thomas J. Quinn, vice president of Scoring Solutions at FICO says that, “After consulting with the Federal Reserve Board and the Federal Trade Commission earlier this year, Fair Isaac has decided to include consideration of authorized user tradelines present on the credit report.”
For more information, visit: http://www.BoostCredit101.com/.
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NEWS SOURCE: Silver Bullet Consulting, LLC :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2013 Send2Press® Newswire, a service of Neotrope®.