Credit Repair Magic Software Reviews scrutinizes an application that automatically increases your credit ratings in a positive manner. In simpler words, it is a software application that has an ability to correct your borrower ratings and improve your credit score.
Credit ratings have been taking a constant dip ever since the year 2008 when the first bubble burst, thereby plunging the entire American population into a verge of delinquency. In a nutshell, negative credit ratings need to be fixed at warp speed and in a permanent manner.
Apparently, the credit repair magic software was initially coined to repair bad credit.
With the aid of this write-up, let me throw some light on how this digital product really is and whether it works or not.
Credit Repair Magic Software Reviews
Name of the Product: Credit Repair Magic
Type of Product: Digital Guide
Nature of its Usage: To Repair Bad Credit
Unique Selling Point: Helping Countless Men and Women for Past 28 Years
Bonus Offers Included: Yes, 8 in Total
Price of this Digital Credit Repair Guide: $97
Money Back Guarantee: Yes for 60 Days
User Feedback: Extremely Positive
LeanAndFit Reviewer Feedback: Positive
Points Covered in Credit Repair Magic Software Reviews
@ Inner Facts on Credit Repair Programs
@ Why Opt for Credit Magic Software Application and Not any Other?
@ Contents of the Credit Magic Software + Bonus Offers
@ Pros and Cons of the Credit Magic Software Application
@ Credit Repair Facts that are Usually Hidden from You by the Credit Bureaus
@ Credit Repair Magic Software Reviews
My Thoughts on this Digital Product
>>> There are several online programs on credit repair that have been circulating the web. In fact, I have tried almost 29 such programs that are easily available online and cost anywhere from $28 to $99 but none of them seems to work as effectively as the one I am reviewing as of now – ‘Credit Repair Magic Software’.
>>> Basically, the main aim of a credit repair program is to teach you how you can increase your FICO score in order to ensure that you are able to get loans from banks on a regular basis.
>>> If you are familiar with the 1971 Fair Credit Reporting Act, you would be well aware of the fact that several hundred thousand or even millions of items have been permanently deleted from your credit scoring. This in turn ensures that you can easily get better credit scores by simply following the Fair Credit Reporting Act.
>>> If you thought that your credit can be repaired over time, you heard it all wrong. Ironically, credit reporting agencies too, seem to advocate this myth. It is because they want you to believe that you simply cannot do anything to improve your current credit ratings & that you need to wait for things to settle on their own. This is absolutely false!
>>> If you have a good credit score (700 points and above), you can easily hope to save hundreds of dollars monthly on your house and car payments.
What are the Issues with Most Credit Repair Programs?
Ironically, most credit repair programs claim that you can improve your credit ratings without telling you how to do so. They state that you need to first read through their pdf before taking any action.
When you do read their eBook, you would find that the content has been rinsed and repeated over and over again. Apparently, you already know what is present in the eBook, as you have read it before.
These eBooks are not optimized according to the latest algorithms and the content is simply too complicated in nature. A layman would not be able to comprehend the strategies mentioned in the credit repair guide.
You would not yield much benefit by using the best practices mentioned in this guide, as credit bureaus are well versed with the age old credit improvement strategies.
Can You Actually Fix Your Credit Ratings?
Yes, there are a few ways by which you can improve your current credit score. Nonetheless, not all of these methods are effective. Some may work wonders while others may not yield the benefits that you may have expected.
>>>Here are the four known methods:
@ You can follow the advice provided by credit bureaus. Without a shadow of a doubt, they are not your buddies and following their advice is as good as wasting your time. It is an ineffective method and does not yield positive results. Nonetheless, it is completely free of any charges.
@ The second option is to read books and guides on credit repair and try to dispute items placed onto your credit report on your own. This is a method that is full of unnecessary hassles and you are usually forced to rely for help on outdated data.
@ You may want to hire the services of a credit repair company. This is an expensive affair and you are left with no other option but to hand them all your statements, credit reports as well as sign agreements.
These companies wish to make a quick buck and therefore tend to drag your credit repair process for a considerable long time period. They usually charge a monthly fee and rip you off a lot of your hard earned funds by the time it is all over with.
@ The fourth option is to simply wait it out and allow your credit report to heal itself. It would take eight to ten years for that to happen. If you have the time and patience for it then go right ahead.
Why Opt for Credit Magic Software Application and Not any Other?
Credit Magic Software is a professional approach towards improving your credit ratings without spending months or large amounts of funds. You do not require framing lengthy letters as everything is organized and fortified with regular updates. Also, you are not required to read a lengthy eBook as everything is computerized.
Why is Credit Magic Software Better than Others?
Here are some reasons for the same:
@ No Complications Involved
You do not need to learn laws or write compelling letters to the better business bureau. Simply make use of the ‘click’ user interface to get your job done.
@ Perfect Drafting Techniques
Unlike hand written letters that usually involve the need for professional wording, which in turn is usually rejected by the credit reporting agencies, this software application compiles casually written (yet professionally oriented) letters that are usually accepted by the credit agencies.
@ No Lengthy Waiting Process
This software application makes use of a fast track mechanism using which, you have the ability to get results in a jiffy. So, no more waiting for months or even years, for a credit improvement.
@ You Save Money
Unlike paying a $1000 + to a credit improvement agency in terms of an annual fee (for a single person), you end up paying less than a hundred dollars when you opt for Credit Magic Software.
@ Latest Methods
This software application contains only those tricks and methods that are working in today’s environment. If there is any trick that has been outdated, it is immediately removed from the system and replaced with a workable strategy.
Contents of the Credit Magic Software + Bonus Offers
When I ordered the Credit Magic Software Application to improve my own credit ratings, I paid $97 for it and received the following:
The Normal Course Material:
A quick look at the basics:
1) Bad Credit Elimination System
This is a method that has been proven to repair bad credit at warp speed. No other method has come even close to it in terms of helping you repair your credit ratings.
2) Various Teaching Aids
This is one of the few programs that teaches you basic as well as advanced methods to repair bad credit using several ways. Audio, video as well as text based teaching aids, makes this program one of the easiest to master and follow.
3) Shortcut to Success
This is a program that teaches you seven proven methods that can speed up your credit repair process. This method has been devised by the owner of a credit reporting agency. Hence, it is foolproof and always works wonders. This is a great method to learn for people seeking a home loan or an auto loan, for which, they need to repair their credit score.
4) The Abridged Version of the Guide
If you get down to reading the PDF version of this guide then, you would have to scan through 131 pages. For those of you who are short on time, there is an abridged version available wherein you are required to read just 36 pages.
5) Free Upgrade Facility
In case you are seeking a quick update, you can easily opt for the free upgrade option. Apparently no extra fee is charged in case there is an upgrade in the system. You would get it automatically for the remainder of your life.
6) The Credit Repair Magic Tracker
This is a special tracking system that detects your progress with special regards to your credit rating. When you send a request to the credit bureau to remove certain items present in your credit report and hampering its progress, this tracker updates you of the progress of your application. It even dispatches automated e-mail reminders to the agencies.
7) The Reference Guide
This is another product that is part in parcel of this application. This is a comprehensive manual that tells you everything that you need to know about your credit ratings. It comprises of 131 pages in total.
The Bonus Offers:
Apart from the main course material, there are 8 bonus offers worth $321 that I received when I placed an order for the Credit Repair Magic Software. Let me discuss each bonus offer in brief:
The First Bonus
In this particular audio file, you are taught everything that you need to know about your credit ratings. The only difference here is that instead of the usual PDF file or a video tutorial, this bonus is a 24 hour long narrative version. It is ideal for those who like to learn by hearing.
The Second Bonus
The second bonus teaches you the trick to increase your credit score by as much as 250 points in less than three weeks. This is done by merely borrowing someone else’s credit ratings.
The Third Bonus
Here, you are taught the correct way to settle your debt in the most fruitful manner. Rather than paying hundreds of dollars in terms of settlements, you are taught how to settle your debs for pennies. You can settle debts for as less as 21 cents to a dollar.
The Fourth Bonus
This is in the form of a free credit report from all reporting agencies. You can avail this free report anytime you like.
The Fifth Bonus
Here, you are taught how to avoid making payments on your mortgage for as long as a year. You are also told how you can subtract a few hundred dollars from your monthly mortgage payments by simply requesting your loan officer. You can avail forbearance and reduce interest rates as banks do not want you to foreclose.
The Sixth Bonus
Simply increase your credit limit and watch your credit ratings increase dramatically. Nonetheless, there is a technique involved in asking the credit card department to increase your ratings. Once you learn this trick, it would be simple for you to execute this job.
The Seventh Bonus
This bonus offer teaches you how to improve your credit ratings by including several items to your credit report. Some of these items include utility bills, water bills, power bills and many more.
The Eighth Bonus
This is the last and final bonus offer that teaches you just how to reduce your interest rates on all you credit card payments. When you pay less each month, you tend to reduce your overall debt. Nonetheless, in order to save thousands of dollars, you need to do this very cautiously.
The total price of the Credit Magic Software is $585 including the bonus offers but it is available for a highly discounted price of $97.
Pros and Cons of the Credit Magic Software Application
The Advantages:
@ Ease of Usage – Unlike bulky eBooks, the Credit Magic Software is easy to use. Simply point your curser to a particular section of the interface and then click to access the section. Hence, the user interface is very interactive.
@ Includes Freebies worth $321 – You get to keep 8 bonus offers along with this package. These bonus offers would further speed up your credit repair process. If you purchase them separately, they would be very expensive indeed.
@ Completely Authentic in Nature – Credit Repair Magic has been developed by a former owner of a credit reporting agency. He has over twenty years of hands-on experience in this field. Hence, his products can be fully relied upon.
@ Value for Money –Compared to hiring the services of credit repair companies that charge thousands of dollars and seek monthly payments, Credit Repair Magic Software costs just $97 (one-time fee).
@ Works at Warp Speed – Unlike other services that ask you to wait for months or even years before you see positive results, ‘Credit Repair Magic’ takes just a few weeks to show its true metal. You start to witness positive movement in your credit ratings within the first few weeks of starting off.
The Disadvantages:
@ Do Not Expect Miracles – You simply cannot hope to expect miracles. Even the best credit repair service such as this one, takes time. If you are looking for instant credit jump, opt out of it.
@ Not Meant for Computer Haters – In case you dislike the very idea of working on a laptop, simply avoid this. It is a digital product that needs a media device to function.
Credit Repair Facts that are Usually Hidden from You by the Credit Bureaus
It is a well known fact that if you wish to purchase a new car or a house then, you need a sizable loan. To be able to get that kind of loan, you need to please the credit bureaus. Basically, your credit rating (determined by the three credit bureaus) determines whether you are eligible for the loan amount or not.
Ironically, no matter how diligent you are with regards to maintain good credit, the concerned credit bureaus often always find fault in your financial handling abilities. In short, it is way too tough (and sometimes almost impossible) to maintain good credit scores. Do you know why?
Well, here are some facts about your credit score that you often ignore to acknowledge:
Earl Issac was with Bill Flair:
Had you asked for a loan before the year 1950 then, you would not have to worry about paying your past dues. The loan would have been sanctioned in a jiffy. Nonetheless, after the 50’s era, Bill and Earl defined a system to calculate credit ratings. This also became a criterion for availing a loan. Since then onward, getting a loan was no longer a cake walk.
TransUnion, EquiFax and Experian are Siblings with No Similarity:
The three main credit bureaus that determine your credit score are Equifax, TransUnion and Experian. They are the ones that determine whether your credit score is to be showcased as ‘excellent’ or poor’. They have their own calculation criterion (algorithms). Nonetheless, the irony here is that your credit score shall differ in all three. This in turn implies that your credit score may be ‘good’ at TranUnion, ‘poor’ at EquiFax and ‘fair’ at Experian.
VantageScore is the New Game Changer:
Fair Isaac Corporation is not the only criterion to assess your credit score. While it is still considered to be the best and the most popular way to rate your credit, it now has a competitor. This is in the form of VantageScore. You now have the added advantage of using this channel to get your credit score analyzed. Whether it shall impact your business prospects in a positive way is yet to be ascertained. It is therefore suggested that you stick with FICO for the time being.
Use The Fair Credit Reporting Act to Your Advantage:
In case you find that an entry or more than a single entry in your credit score is incorrect then, you have the right to get it eradicated. While it may not seem as simple as it appears but it can be done. Make use of the Fair Credit Reporting Act to your advantage. File your complaint under this law and the Federal government shall ensure that justice is done in a speedy manner.
You May Not Have a Credit Score at All:
This is not a one-off scenario. It is quite possible that you may not have any score to boast off. This is because you do not use credit cards way too often. If you always pay your dues without using credit cards then, you do not have a credit file. It could also be that your credit file has way too less entries to make it capable enough of getting a positive fico rating.
Old is Gold in Credit Reports:
If you skip the due date of paying your credit card bills or your mortgage then, the fico report has it listed in its records. Nonetheless, your negative credit reports do not stay lifelong. After a period of 10 years, you shall have a clean slate. Nonetheless, during this time period, you shall not be able to get loans so easily. It is therefore advisable that you pay your dues on time.
Your Marital Status Depends on Your Credit Scores:
Several studies have come to the conclusion that spouses with similar economic nature tend to stick together (and vice versa). So, if both seem to have a good credit score, they have similar characteristics. This in turn implies that they shall stick together. If they have poor credit scores then again, they have common nature towards their finances. In this situation as well, they shall stick together.
Your Insurance Rates are Determined by Your Credit Scores:
When it comes to paying your insurance premiums then, your credit score plays a major role. This is especially true when you purchase a new vehicle. So, the better is your credit rating, the lower is your premium. As car sellers have access to your credit history, they shall determine your insurance premium rates accordingly.
Keeping Your Credit Utilization Low Helps:
If you are using your credit limit to the brim then, your credit score is sure to suffer. Nonetheless, if you use 25% of your total credit limit then, your fico score shall flourish. Simply put, if your credit limit on your credit card is $1000 then, use only $300 thereby leaving the available credit balance to $700. Doing the opposite of this shall negatively impact you credit score.
Hard Inquiries may Negatively Impact Your Credit Score:
If you are actively seeking a loan for buying a new car or a house then, loan companies shall start an aggressive inquiry into your credit scores. If the word has spread that you are seeking a loan then, excessive inquiries for your fico score may negatively impact your ratings. So, try and keep your loan requirements a low key affair.
Maintain Different Credit Accounts for Maximum Benefits:
If you are seeking the best interest rates, the best insurance premium rates and easy loans then, your credit file should have a judicious blend of credit mix. So, you should have loans for car, mortgage, cards etc. Your repayment history also needs to be positive. When that happens, creditors are confident in granting you a new loan without much fuss.
My Thoughts on this Digital Product?
If you are aware of the Fair Credit Rating Act then, you should also be aware of the fact that you can improve your current credit score. You also need not to wait for years to be able to achieve a positive credit rating (as is made to believe by the credit bureaus).
By avoiding junk eBooks and other online credit repair programs, not only would you be saving on your hard earned time and money, you would also be removing the blockage that are usually linked to switching your negative credit score into a positive one.
I have personally had the privilege of trying out the Credit Magic Software system and I find it to be working in my favor. I have been using it for the past 2 months. It would be a great idea, if you too gave it a fair trial.
Now, to answer the second half of the title – Yes, this software can fix your negative credit ratings permanently, if you give it a try!