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.

Lower Monthly Payments

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.

Better Chances For Loan And Credit Card Approvals

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.

More Negotiating Power

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.

Change Your History

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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 Credit/Funding

Our Story

Credit Medics 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. Credit Medics 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.
Credit Medics Rx is ready and waiting to give your personal and business credit the boost that it desperately needs!

HOW TRADELINES WORK

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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 negotiating 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