AAGN Consultants is led by Gugu Ncanana, a seasoned professional known for her unwavering commitment to helping individuals overcome their debt challenges. With a passion for empowering others to achieve financial freedom and realize their dreams, Gugu goes above and beyond to provide personalized assistance.
At AAGN Consultants, we specialize in guiding clients towards improving their credit scores and resolving financial obstacles such as debt review, default listings, and judgments. Our dedicated team works tirelessly to rectify any outdated or incorrect information on your credit report by engaging with relevant authorities, ensuring your financial reputation remains untarnished.
If you’re facing difficulties securing loans or credit due to a low credit score or blacklisting on credit bureaus, our experts are here to simplify the process and help you attain a favorable credit standing swiftly and efficiently. Trust AAGN Consultants to navigate your path to financial stability with expertise and compassion.
Empower your financial future with Aagn Consultants' expert solutions in credit optimization and debt resolution.
Our philosophy revolves around empowering individuals to reclaim control over their financial well-being through personalized solutions, proactive advocacy, and a relentless commitment to achieving tangible results.
If you find inaccurate or unverified information on your credit report, you can dispute that information.
The credit Bureaus generally have 30 days to investigate the dispute and remove any items proven to be inaccurate.
Your credit report is a review of your financial history and level of responsibility. It includes information about your payment histories on loans and debts. It also includes a summary of all your debts such as student loans, mortgages and credit cards.
Potential lenders, landlords and employers are among those who can view your credit report. A good credit history can qualify you for low interest rates on loans and credit cards. A bad history may subject you to higher rates and may even prevent you from receiving job or lease offers.
You’re entitled to one free credit report every 12 months from each of the national credit reporting bureaus: Equifax, Experian and TransUnion. You can request a copy of your credit report even if you’ve already received one within the last year, but you’ll have to pay a small fee.
Short answer: No. Credit reporting agencies understand the importance of you reviewing your credit history and other credit data.
However, there is a way your score can be damaged when someone else requests your credit report. If you apply for several new lines of credit in a short period of time, this can indicate that you may be a greater risk for potential lenders. Although your score may drop, the change is typically less than five points.
Typically, no. (It’s also not a good idea to request lower credit limits.) While these things may help curb your spending, it can actually hurt your credit score.
Your score takes into account the gap between your debt balance and your total credit limit. It does not distinguish between a forced limit reduction and a requested limit reduction.
A larger gap between your balance and your limit implies more fiscal responsibility. So when you reduce your overall credit limit, even voluntarily, your score can decrease.
Most negative information (like late payments) remains on your credit report for seven years. Some information remains longer.
A lawsuit or unpaid judgment against you stays on your report until the statute of limitations runs out or for seven years, whichever period is longer.
A bankruptcy filing stays on the report for 10 years, and a criminal conviction may stay there permanently.
- Check your credit report periodically and dispute anything you believe to be incorrect. Errors, inaccuracies and old information may be bringing down your score.
- Pay your bills consistently. If necessary, set up reminders so you remember to pay them on time every month. Contact your creditors directly if you’re having trouble making payments. They may be able to work out a payment plan with you.
- Decrease your total debt. Rather than moving debt from one line of credit to another, focus on lowering the total amount you owe. This includes keeping credit card balances low, as higher balances can harm your score.
- Don’t close old credit accounts. Long-established credit accounts can help your score.
- Apply for new credit sparingly. Although it increases your total available credit, opening several new lines of credit in a short period of time can actually hurt your score.
A credit counseling organization can help you get your finances back in order if you’re struggling to repay debts. Many are nonprofit and will provide counseling services free of charge, but be aware that some companies hide their fees.
A counselor can help you develop a budget and give you personalized advice for paying off your debts. If your finances are in worse shape and you require further assistance, a counselor can help you enroll in a debt management plan or may steer you toward debt settlement or debt consolidation programs. While credit counseling itself does not affect your credit score, these further programs may harm it.
When you participate in a debt management plan (DMP), you stop paying your creditors directly. Instead, your monthly payments are sent to your credit counseling organization, which then pays each bill for you.
In exchange for your participation in a DMP, your creditors may lower your interest rates or waive certain fees, saving you money.
Similar to a DMP, debt consolidation allows you to combine several monthly payments into one. And like a DMP, it can also help you receive lower interest rates and fees.
But this is done very differently from a DMP and can have different consequences. By consolidating with a debt consolidation firm rather than a credit counseling agency, you typically turn unsecured debt — like credit card debt — into a secured debt — one backed by property like your home or car.
If you fall behind on your payments, you risk losing whatever property is connected to the debt. You may lose your home to foreclosure or your car to repossession. It’s especially important, therefore, to make sure you can afford monthly payments before you consolidate your debts.
