Benefits of a Good Credit Score
A Good Credit score can save you money and makes your financial life much easier.
Bad Credit can make your life more difficult and much more expensive.
The higher your credit score, the lower your interest rates can be meaning that your payments can be lower each month. If you have a good great score, your chances of qualifying for the best interest rates are much higher. This will save you money on interest fees.
Apply for credit with more confidence. A great score will help you present the best possible version of credit. However having an excellent credit score doesn’t guarantee approval, because lenders still consider other factors like your income and debt.
A good credit score gives you leverage to negotiate a lower interest
rate on a credit card or a new loan. If you need more bargaining
power, you can take advantage of other attractive offers that you’ve
received from other companies based on your credit score.
Over time, bad credit will cost you tremendously. Ready for a fresh start? Get started now!
Our Services
We legally add positive history to your credit report with authorized user tradelines. We also provide:
Tradelines
Credit Repair
Inquiry Removal
Business & Personal Funding
Our Story
CreditMedics Rx is your premiere credit repair services firm and we set the standard for excellence and quality for credit repair services, tradelines, inquiry removal, business credit/funding and much more. We fully comply with the Credit Repair Organizations Act -- the federal law that governs the credit repair industry, as well as all applicable state laws and regulations. CreditMedics Rx is an Illinois based credit repair agency and is properly licensed & certified as required by law. We are fully dedicated to helping you repair your credit.
We provide the prescription for excellent credit. Our tools and resources set the standard for credit repair in Chicago, and we are fortunate to have produced positive results for our clients.
CreditMedics Rx is ready and waiting to give your personal and business credit the boost that it desperately
needs!
HOW TRADELINES WORK
The Definition Of A Tradeline
There’s a term in the credit world called “tradelines.”
Tradelines are an account listed on your credit report. For example, a credit card, car note, student loans, or a mortgage are all consider tradelines.
Benefit Of Credit Piggybacking
Broad regulations and legal loopholes allow for you to benefit from being an authorized user on another person’s tradeline (also known as “credit piggybacking”).
The issuing bank reports the positive credit history including the age of the account, the limit of the tradeline and the positive payment history to the select credit bureaus of their determination.
In other words, once you are added as an authorized user to an account, the history of that account appears on your credit report and will be treated as if it was your credit history.
FICO® Credit Score Factors
The payment history, age, and limit have a direct impact on the FICO credit score model which impacts your utilization ratio, average credit age, and payment history.
Boost Your Credit Score With Tradelines
Ideally, you should have at least 3 open positive tradelines on your credit report. Meaning the account should be OPEN, the payment history is perfect, and the utilization is under 25%.
We do this by adding you as an authorized user to a seasoned tradeline, allowing you to “piggyback” off of the account in good standing.
Collect Your Documents
Simple enough. We get all of the
documents we need from you to
start disputing your negatives with
the three credit reporting agencies.
First Cycle
We manually challenge each of the negatives on your credit report with
the credit reporting agencies. The
agencies will usually respond to you
within 45 days and you send us each
document for further analysis
Second Cycle
We manually challenge each of the negatives on your credit report with
the credit reporting agencies. The
agencies will usually respond to you
within 45 days and you send us each
document for further analysis
ABOUT CREDIT MEDICS
We are committed to bringing you real results you can act on. With our credit restoration services, you can achieve the possibilities that have seemed just out of your grasp for too long.
QUICK LINKS
Chicago, Illinois 60643
Monday thru Friday:
9:00am - 5:30pm
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