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Credit repair has a bad reputation, and rightly so. But now it’s got a bigger problem - the system it’s based on is changing quickly.
Consumer credit used to be based on how you handled debt in the past, but big changes are coming. Soon, your transaction records, account balances, and (possibly) investment details will be factored into credit scores.
When that happens, “disputes” will become like VHS tapes - an irrelevant artifact of the past. With data passing between automated computer systems, the room for error goes away. There will be nothing to dispute when your credit file is based on hard data instead of human-entered information.
In the future, credit repair will become credit optimization. You’ll optimize your bank balances, spending, and investing to copy “good credit” applicants. By copying them, you’ll inadvertently become one. A side effect of optimizing your credit will be increasing your financial security.
The only side effect of credit repair is being $400 poorer.
Credit optimization products will necessarily be free. That $400 you save can go directly into your savings account, boosting your “future credit” score.
There’s some scary roads ahead with technology, but the future of credit repair is bright.