WHENEVER YOU GET DENIED, THE CREDIT BUREAUS WILL OFFER YOU A GENERIC ANSWER:

We here at BANCO, will give you the answer to the question when you ask it: Under the Fair Credit Reporting Act, as modified by the Fair and Accurate Credit Transactions Act, consumers are entitled to a free copy of their credit report under a narrow set of circumstances. If you have been denied credit, goods, benefits, services, insurance, and/or employment, the credit reporting agencies of Equifax, Experian and Trans Union are statutorily mandated to provide a copy free of charge. Call our office and have a Credit education session... Its a blessing! Call 18004421591 - Gaining Financial Stability with Intelligence and Integrity! Cash is King and Knowledge is Power!

3 Ways the New Tax Bill Impacts Small Businesses

If you're one of many small business owners confused about the new tax bill, log onto the irs site and read the breakdown of the 3 major impacts. Depending on your business type, you could see changes to qualified business income, and individual income and corporate tax rates. Knowledge is Power and Credit is King! Gaining Financial Stability with Intelligence and Integrity!

WHAT BANCO CAPITAL CORPORATION PROVIDES: A reputable Credit Restoration Organization should have a provable track record of results as well as the ability to modify and/or remove erroneous or inaccurate judgments, liens, foreclosures, bankruptcies, short-sales, student loans, inquiries, derogatory tradelines, personal identifiers and other transient data from a consumer's credit report. Although the credit restoration process can take anywhere from 30 business days to six months, most individuals should see some results within the first 14 to 30 business days. Those RESULTS come directly from the Credit Bureaus or can be seen on your Credit Monitoring site. If you're on a payment plan with our office, know that the faster you pay, the faster we finish. Call 1-800-442-1591 - Gaining Financial Stability with Intelligence and Integrity! Cash is King and Knowledge is Power!

3 Sneaky Things Hurting Your Credit

When it comes to understanding your credit, it can feel as complicated as trying to solve a Rubik's cube. Frustrated by this confusion, many consumers neglect their credit, which can have a devastating impact on their financial futures. A Consumer Action study recently revealed that 27 percent of Americans have never checked their credit report. That's alarming, because it's estimated that a large numbers of consumers have errors on their credit reports that could damage their credit. 1. Wrong Information The wrong personal information on your credit report could hurt your credit. This could be things like your name, your home address, where you've worked in the past or even your Social Security number. How does a wrong address hurt your credit? Your information may be mixed up with someone else's, especially if you have a common name, or are a "Jr." or "Sr." Or it could indicate identity theft -- and that could really wreak havoc with your credit. By reviewing your credit report, you'll be able to quickly see if there's any information that needs to be updated or changed. 2. High Balances Compared to Limits Another sneaky thing that could hurt you is your credit card balances -- even those you pay in full. How can a credit card that you pay off hurt your credit? Issuers typically report your balances as of the statement closing date. But then those cards aren't due until about a month later. So in the meantime the balance on your reports may look high in comparison to your credit limits. Generally you want the balance on each card to stay below 20 percent to 25 percent of your available credit. If you have a retail card with a small limit or a reward card that you use to pay for everything to earn lots of points, then this factor could come back to bite you. So you need to either pay your charges off before the statement closing date or ask for a higher credit limit. Of course, a higher credit limit should not be an invitation to overspend. You won't improve your credit scores if you get in over your head with debt. 3. Outstanding or Delinquent Bills The third sneaky thing that could hurt your credit score could be outstanding or delinquent bills. I canceled a gym membership when I moved, and it wasn't until I checked my credit report several years later that I found out the gym was marking me as being delinquent, which was hurting my credit. You'll want to check your credit report to make sure that you have no outstanding bills or any delinquent bills that you need to get addressed. For my delinquent gym membership, I contacted its home office and explained that I had moved and their closest location was more than hours away. After that short and painless phone conversation, it removed the delinquency, and my credit was repaired. Review your credit report and make sure you're not being marked for anything delinquent that could be damaging your credit. This could be old gym memberships like mine, credit cards or medical bills. "I've seen numerous situations where consumers were shocked to learn that medical bills they thought their insurance had taken care of were on their credit reports as collection accounts, " warns Gerri Detweiler, director of consumer education with Credit.com. "It doesn't matter if the amount is small. Any collection account can drop your credit score 25, 50, even 75 points or more."

Why is tax season the best time to repair credit?

As important as credit repair is, this process repeatedly slips to the bottom of many people's to-do lists. They make excuses, telling themselves that it's not quite the right time to get around to addressing credit issues. If this situation sounds familiar, there's good news. Tax season is a great time to take strides toward resolving your credit issues and improving your FICO score. Take a look at why you should seize this opportunity to improve your financial future. Financial Issues Are Already On Your Mind Whether you're doing your taxes yourself, hiring a tax professional or using tax preparation software, the tax filing process requires you to evaluate your overall financial picture. Many people with credit issues find that this first step toward credit repair can be the most difficult part of the process. Because you're already taking stock of items such as your earnings, loan interest, charitable donations and expenses when you do your taxes, this is the perfect time to continue that process and delve deeper into your financial picture. While you're researching and calculating, add up your total debt, take stock of your debt payment history, order copies of your credit reports and review them. Create an organization system for all of this information so you'll have an easier time keeping track of your progress as you work toward improving your credit. Daunted by the idea of tackling it yourself? Gathering all your records can also be the first step you take before turning to a professional credit repair company that can put you on a better financial path. You Can Get a Head Start at Paying Down Debt If things go well, tax season means you should receive a tax refund. While it may be tempting to spend that money on a new purchase, a few nice dinners or a vacation, it's a better idea to put the cash toward improving your credit score. If unpaid debt is one of the issues that has contributed to your less than ideal credit score, putting your tax refund toward one of those outstanding balances can be a significant step in the right direction. Don't fall into the trap of getting discouraged if your tax refund is only a small portion of your total debt. Every little bit helps and puts you closer to your financial goal of having less - or no - debt weighing you down. Using your tax refund to pay down debt can also inspire you to use future lump payments to cut back on debt. This small effort could be the first of many tax refunds and bonuses that go toward chipping away at your debt and making a big impact over the long term. You'll Eliminate a Common Barrier with an Emergency Fund Maybe you've tried to repair your credit in the past, but you were thrown off track by an unexpected car repair bill or health expense. One of the main reasons people continue to damage their credit score is because they aren't prepared to handle emergencies like these. If this situation sounds familiar, you can use your tax refund to create an emergency fund. This will give you more security and flexibility to improve your FICO score without your having to worry about getting sidetracked by unexpected expenses and financial setbacks. You Can Invest in Professional Credit Repair If you're not sure where to start when it comes to fixing your credit - or if you feel that you simply don't have the time to research credit repair strategies - consider using your refund to invest in credit repair services. Credit repair professionals offer services that include disputing erroneous items appearing in your credit history, providing personalized advice for your particular situation, closely tracking your progress and ensuring that you stay on the right track even after you've achieved a good credit score. If you have a large enough tax refund, you may have enough money to invest in affordable professional credit repair and still have money left over to put toward other uses. Even if you feel confident in your ability to repair your credit on your own, using a credit repair company gives you access to resources that can significantly speed up the process. Now is Always the Best Time Perhaps the best reason to address your credit during tax season is that putting off this important financial step can have several negative consequences. For one thing, it takes time to fix poor credit, so when you put off addressing the problem, you're delaying that positive outcome. Regardless of what your finish line goals are - purchasing a home or freeing yourself of bad debt - you'll reach that finish line sooner if you take the first step as soon as possible. There's another major problem with procrastinating when it comes to fixing your credit. Bad credit costs you money. Individuals with poor credit are charged more in fees, interest rates and deposits. The longer you wait to repair your credit, the more unnecessary expenses you'll incur. Hold on to your hard-earned cash by starting to build a better credit picture today and paying less in unnecessary charges and fees. Tax season can be a pain for many people, but it can also provide a timely opportunity to evaluate and improve your credit situation. No matter what stage of the tax-filing process you're in, take the time to carry out these extra steps so you can embark on a rewarding journey toward better credit and a better financial life.

10 tips for managing credit cards in 2019 Read

1. Be proactive about card security Issuers will be rolling out EMV (Europay, MasterCard and Visa) chip cards -- which are much harder to counterfeit than traditional magnetic stripe credit cards -- over the course of 2018 as the deadline for new network rules on changing fraud liability approaches. But you can play a part in cutting down on card fraud by monitoring financial statements regularly and setting up alerts to readily spot suspicious charges. You also can change any behaviors, like throwing paper statements in the trash, leaving smartphones unlocked and responding to unsolicited requests for bank information, that make you more susceptible to fraud. 2. Pull your credit report Mysterious line items are a good indication that identity theft is occurring. Federal law entitles everyone to one free credit report from each credit bureau every year. You can obtain three reports -- one from each credit bureau -- all at once or you can spread out the requests across the year to keep an eye on your affairs. 3. Assess whether that annual fee card is worth it Some annual fee credit cards are worth it; others are not. Often, the value of these products hinges on your lifestyle and your spending habits. For instance, if you travel often, you're more apt to appreciate a credit card co branded by your favorite airline that offers free checked bags, lounge access and complimentary upgrades. Do a little number crunching to figure out if you're benefiting from the fee. This Bankrate calculator can help you determine if you're losing points or miles to interest. If you are, it may be time to switch to a more cost-effective payment method. 4. Don't be afraid to ask If you do decide an annual fee card isn't worth it, don't be afraid to call your issuer to see if they will waive the fee. They alternately may be able to move you to a fee-free version of the card that will preclude you from closing the account, which will preclude the closure from affecting your credit score. 5. Learn what ancillary benefits your card may offer In addition to rewards, many credit cards offer ancillary benefits, including extended warranties, price protection, purchase protection, trip cancellation insurance and even car rental insurance. These benefits can come in handy when you're out shopping or planning a vacation. Figure out what perks your credit card entitles you to by reading through its terms and conditions. If the answer is "none" (and your credit score is in good shape), it may be time to shop around for a superior piece of plastic. 6. Read your credit card contract cover to cover Now may be the perfect time to read through all the fine print of your current credit card contract. It's great to know about the perks, but you also should know about any lesser-known fees attached to the product. You'll want to check whether your issuer has included in the terms and conditions an arbitration clause, which requires customers to settle disputes with the bank through an arbitrator rather than the courts. Plus, determine if your issuer is permitted to share any of your data with third parties as part of the card's privacy agreement. 7. Make a dent in your credit card debt One of the best ways to trim your credit card debt is by prioritizing credit card payments. For instance, make larger payments on the card with the highest annual percentage rate first and minimum payments on cards with lower interest rates to curb costs. You also should consider opening up a balance transfer credit card, which lets you move expensive debt over to a new card that features a limited-time, interest-free period on the balance and even on new purchases. Just make sure to read offers carefully. There could be caveats that prematurely render the interest-free period null and void. 8. Talk to your millennial about building credit A recent Bankrate survey found 63 percent of millennials (ages 18 to 29) are foregoing credit cards completely, largely to avoid the debts that plagued many of their parents during the Great Recession. While a generation of debt-averse consumers isn't the worst thing in the world, it could cause problems for your millennial down the road. Namely, they could have a tougher time buying an affordable home or getting an auto or personal loan later in life. Other data suggest the demographic may not be aware of these ramifications, so you might want to sit your college student down this year and go over the finer points of credit reports and credit scores. 9. Pay your credit card bill more than once per month If you're deep in debt, it's a good idea to keep that credit card on ice for a while. But if you're simply worried about unconsciously running up a big bill you can't pay off at the end of the month, try a different strategy. Link your credit card to your debit card account and pay down the balance as often as every day, once a week or even twice per month. This tactic keeps you on top of how much money is actually in your bank account and lets you take advantage of the benefits a credit card affords that other payment methods do not, including better fraud protections and rewards. 10. Figure out what type of credit card is best for you Contrary to popular belief, there is no singular best credit card in the marketplace. Instead, the best product varies from person to person. For instance, if you need to make a big purchase, you should look for a low-interest credit card. On the other hand, if you pay your balances off in full every month, you'll want to look into a rewards card. This Bankrate quiz can help you figure out what piece of plastic best fits your lifestyle. Compare credit card rates to get the best deal.

Tips on How to Fix a Credit Score & Maintain Good Credit

Payment History Tips Contributing 35% to a FICO Score calculation, this category has the greatest effect on improving your scores, but past problems like missed or late payments are not easily fixed. Pay your bills on time. Delinquent payments, even if only a few days late, and collections can have a major negative impact on your FICO Scores. If you have missed payments, get current and stay current. The longer you pay your bills on time after being late, the more your FICO Scores should increase. Older credit problems count for less, so poor credit performance won't haunt you forever. The impact of past credit problems on your FICO Scores fades as time passes and as recent good payment patterns show up on your credit report. And good FICO Scores weigh any credit problems against the positive information that says you're managing your credit well. Be aware that paying off a collection account will not remove it from your credit report. It will stay on your report for seven to ten years. This won't rebuild your credit score immediately, but if you can begin to manage your credit and pay on time, your score should increase over time. And seeking assistance from a credit counseling service will not hurt your FICO Scores.

Lenders Who Confuse Credit Rescoring and Credit Repair Could be Violating Consumer Rights Under FCRA

Looking at the situation from another perspective is that the lender is “gaming” the consumer, trying to deny their access to accurate data and force them into higher interest rates than they would otherwise qualify for if their report was accurate. It appears that an entity is indeed being gamed and it is the system itself; however, it is not the consumer doing the “gaming” and there should be no surprise when a legal action is filed regarding it. Call 1-800-442-1591 we can and will get those negative items removed from your Credit Report

REBUILDING YOUR CREDIT

Whether you’re just coming out of a divorce, filed for bankruptcy recently, or are considering bankruptcy because of your poor credit history, you’ll need a solid credit repair plan to help you get your finances back on track. Rebuilding credit can take several months or years, depending on how bad your track record is and how much debt you’re carrying. The good news is you can rebuild your credit with a secured credit card. Unlike prepaid and debit cards, a secured credit card is reported to the credit bureaus just like your typical credit card and gives you a chance to improve activities on a fresh new line of credit. Call 1-800-442-1591 - Gaining Financial Stability with Intelligence and Integrity!