Credit Successes

Life happens. Sometimes, that can mean late credit payments and accounts sent to collection. At CredEvolv, we don’t judge. We step in to help so people don’t have these blemishes or a mid 400 credit score forever.

Stacey came to us with a credit score in the mid-400s. We connected her with a HUD-certified, nonprofit credit counselor, who was able to remove 12 late payments and four collection accounts from her credit report. This catapulted her credit score into the mid-500s and created the potential for even more upward movement!

Now, the sky’s the limit for Stacey, both with her credit score and the financial goals she can achieve with it!

What are collections on a credit report?

A collections account happens if you fall behind on payments. The lender or creditor can decide to transfer your account to a collection agency. The can also opt to sell it to a debt buyer.

This can occur anytime from the date you begin missing payments or not paying the full minimum payment to a few months after you become delinquent. Lenders and creditors will usually send you letters or call you regarding the debt before sending it to a collection agency. 

“How quickly can I improve a mid 400 credit score on the CredEvolv platform?”

Now is the best time to start the process of improving your credit. Forget what Google or the for-profit credit repair guys tell you. It takes a little time for your credit score to go up, and it doesn’t always happen overnight. Typically, our clients reach their credit goals and loan readiness in an average of 3 to 5 months. Stacey did exactly that.

Depending on your individual situation, you may need services like dispute resolution, budget analysis, debt-to-income ratio analysis, payment negotiations, credit card or loan payoffs (or not), and more. These are things that only a HUD-certified nonprofit credit counselor on our platform will know how to deal with ethically and effectively.

Once all of this happens for you, who knows? You might see results similar to Stacey’s. So give CredEvolv a shot. You might be amazed by what happens next!

Read more credit success stories here.

Emili’s credit was keeping her from achieving her financial goals. Similarly to many people who come through our platform, she was what we call credit invisible. Due to her insufficient credit history, she couldn’t generate credit scores with the bureaus, initially.

Through the Success Plan created for her by her nonprofit credit counselor, Emili received the tools and education she needed to achieve positive results. While Emili had tasks to complete on her own, her credit counselor also helped her challenge the negative information on her credit report while educating her on how to use credit responsibly.

The days of Emili having an insufficient credit history are over! She now knows her goals are within reach and she has the knowledge to help her achieve them.

“How quickly can I fix an insufficient credit history on the CredEvolv platform?”

Now is the best time to start the process of improving your credit. Try to ignore what Google or the for-profit credit repair guys tell you. It takes a little time for your credit score to go up, and it doesn’t happen instantly. Typically, our clients reach their credit goals and loan readiness in an average of 3 to 5 months. This was Emili’s timeframe.

Depending on your individual situation, you may need services like dispute resolution, budget analysis, debt-to-income ratio analysis, payment negotiations, credit card or loan payoffs (or not), and more. These are things that only a HUD-certified nonprofit credit counselor on our platform will know how to handle ethically and effectively.

Once this has all happened, you might see results similar to Emili’s. So why not give CredEvolv a try? You might be pleasantly surprised by the outcome!

Read more credit success stories here.

Credit challenges of all kinds can be overcome when people are shown the steps they need to take to remedy their individual credit issues. That’s how someone can reach a 620 credit score after starting with a 400.

CredEvolv customer Janet began working with a HUD-approved, nonprofit credit counselor on our platform. She achieved tremendous success in a relatively short period of time.

When Janet came to CredEvolv, she had insufficient credit history and old collection accounts pulling her score down. In fact, her score was almost as low as it could go.

Over the next 7 months, she worked hand-in-hand with her nonprofit credit counselor, who challenged her old collection accounts and showed her the correct and responsible way to rebuild and establish credit.

Janet took advantage of her CredEvolv digital portal as well. She worked on tasks and provided documentation needed by her counselor along the way.

Janet was able to reach her credit goal! She improved her score 220 points, from 400 to a 620 credit score, in just 7 months. And she now has the knowledge that will help her to continue improving and maintaining her credit for years to come.

Read more credit success stories, connect a client to CredEvolv, or enroll yourself today!

Rodrelle had a 543 credit score and was looking to buy a home for the first time. Unfortunately, that score was not high enough for him to qualify for a home loan. His mortgage loan originator connected him to CredEvolv during the financing application process.

Over the next 1 1/2 months, Rodrelle worked with his credit coach through the CredEvolv platform. He took full advantage of our digital tools and the personal guidance of his credit coach. As a result, he increased his 543 credit score 65 points to 608!

His original 543 credit score was now in the range to qualify for a mortgage, but Rodrelle was inspired to do better. He made the decision to hold off on buying a home for a few more months until he could improve his credit score even more and qualify for a better rate.

Currently, Rodrelle remains in the program and is working toward that goal. We know he’s going to do great things!

One of the beautiful things about working with consumers like Rodrelle is seeing them push past their initial goals and set even higher standards for themselves. While he could potentially qualify for a loan now, Rodrelle felt it would be better to continue building his credit score to a level where he wouldn’t be at a high risk of falling back below a loan qualification threshold.

Wherever you set your sights, CredEvolv can help you get there. Connect with a nonprofit credit counselor today and achieve a credit score you can be proud of!

Results not typical. Customers average a 53-point credit score increase in 3 to 5 months.

When Thomas was connected to CredEvolv through his mortgage loan originator, he was what we call “credit invisible.” He suffered from old derogatory information on his credit report and was unable to generate a score with any of the credit bureaus.

That meant he essentially had to build his credit from scratch. 

Thomas began working with a partnered credit coach through the CredEvolv platform. He was able to improve his credit score by a whopping 407 points, from 400 to 807. This surpassed his original goal by 107 points! He was no longer credit invisible and he did it in only 5 1/2 months!

To go from the lowest credit band to the highest within half a year is a momentous achievement. We recognize this result isn’t representative of most people who work on their credit with a credit coach. It does show what’s possible with a little work, a little effort, and some time well spent.

Thomas can now enjoy the rewards of being able to qualify for the most favorable interest rates and loan terms when he needs financing. And he knows he can always reach back out to a credit coach, should he need our services in the future.

You too can reach out to us anytime for help with your credit. Connect with a nonprofit credit counselor today and become loan-ready in no time!