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Credit Education

Sacramento Credit Repair Offers Credit Education To Help You Understand How Credit Works

Discover The Answers To Questions Like: What Is A Credit Report, What Is A Credit Score, And What Is Credit Repair

What is the first step in credit repair?

Check Your Credit Report

Credit repair begins with your credit report. If you haven't already, request a copy of your credit report. If you are working with a lender, ask them to send you the credit report they pulled.

Setup a Risk Free Consultation

Sacramento Credit Repair offers a risk free consultation to review your credit report and offer advice on how to raise your scores. We will review your credit report with you and explain how FICO generates their credit scores. You will be able to see your full potential with your credit score. To schedule your appointment, please call l 916 315 9190 or email:

Reduce the Amount of Debt You Owe

This is easier said than done. However, reducing the amount that you owe is going to be a far more satisfying achievement than improving your credit score. The first thing you need to do is stop using your credit cards. Use your credit report to make a list of all of your accounts.

Then go online or check recent statements to determine how much you owe on each account. Also list the interest rates you are being charged. Come up with a payment plan that puts most of your disposable income for debt payments. Pay the highest interest cards first, while maintaining minimum payments on your other accounts.


What is a FICO® Score?

It measures the amount of risk for a lender to give you a loan.

FICO Scores are computed using the information on your credit report. This information is typically grouped into five categories (see below). Not all categories have the same weight when determining your FICO score.

This example is based on the importance of the 5 categories for the basic population.

For special groups – those who have not been using credit very long - the weight of these categories may be slightly different.

Payment History

Account payment history on various types of accounts (retail accounts, credit cards, installment loans, finance company accounts, mortgage, etc.)
Public records ( judgments, bankruptcy, suits, tax liens), collection items, and/or delinquency (past due items)
Severity of delinquency (how long past due)
Amount past due
The more recent the derogatorily item the more it effects the credit score
Number of accounts paid as agreed

Amounts Owed (Debt Ratio)

Amount owing on accounts
Number of accounts with balances
Proportion of credit lines used on your credit cards (to maximize your score use between 1-10% of your credit card limit)
Proportion of installment loan amounts still owing

Length of Credit History

Time since accounts opened
Time since account activity

Types of Credit Used

Revolving accounts (credit cards)
Installment loan (fixed payment loans like a car or student loan)
Mortgage (home loan)

New Credit

Number of recently opened accounts, and proportion of accounts that are recently opened, by type of account
Number of recent credit inquiries
Time since recent account opening(s), by type of account
Time since credit inquiry(s)
Re-establishment of positive credit history following past payment problems
Inquiries report on your credit for 24 months but only effect your score for 12 months

Please note that:
A FICO score is so complicated to calculate. It is impossible to predict a score or score outcome from a certain event.

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