Top Tips and Tricks to Managing Your Credit

Can a Poor Credit Report be Fixed?

You may have heard about the benefits of refinancing your car loan. With little effort, you could end up saving hundreds or even thousands over the life of your loan. But, what if you have tried to refinance but have gotten turned down because of your less-than-stellar credit score?

It’s easy to despair over a downturn in your credit, but it’s much more productive to do something about it! As frustrating as it is, having ups and downs in your score is not that unusual. However, it’s a mistake to just accept this truth as gospel and give up on your hopes of refinancing.

 

Credit Score

The first step is to make sure these reports are even accurate. Every U.S. citizen is legally entitled to review their credit report for free each year at each of the major credit bureaus—Experian, Equifax, and Transunion. The report lists your previous addresses, phone numbers and payment status on your credit cards, home mortgages, home equity lines of credits and other debts.

There are dozens of ways a mistake could be made. So, it’s a good idea for everyone to check their report quarterly, whether you are applying for credit or not. It’s better to find problems early on rather than letting them catch you by surprise down the road.  The list of mistakes or problems could include:

  • Credit activity that was committed fraudulently.
  • Payments mailed but not received or recorded.
  • Account delinquencies more than seven years old.
  • Inclusion of debts from ex-spouses or others you are not responsible for.
  • Closed accounts that continue to be listed.

What to do if Inaccurate Information is Found

If you find inaccurate information on your report, the next step is to disclose these issues to the credit bureaus so they can correct them. The company is required by law to investigate disputes and update you and the other major credit bureaus. It’s important to fight any impulse you may have to let things slide, though the process may seem like a lot of bureaucratic effort. It’s well worth your while to spend time working through these errors now and checking your credit frequently to follow up. Ongoing monitoring services are available for this purpose.

Those who don’t have the time or ability to work through these issues on their own can turn to an outside credit repair service for help.  These services can communicate with credit bureaus on your behalf and work to remove incorrect items. But, remember that their role is not to remove unfavorable information that is actually correct.

Changing your habits is the most important thing you can do. Be sure to start paying your bills on time, every time. At some point in time—seven years for most items—the time limit for posting these negative items will pass and they eventually will be removed from your report automatically, providing you with much more financial freedom. With this freedom, you are now more likely to be approved for auto refinancing. Get Started Now on refinancing your auto loan. 

 

Search for RefiJet

Important Disclosures and Requirements

Federal ESIGN Disclosure and Consent 

 Electronic Consent:  Consent to Receive Information Electronically 

The Electronic Signatures in Global and National Commerce Act requires users of this Site who submit a Contact Form (“you” or “your”) consent to receive certain disclosures electronically. Please read this disclosure and consent carefully and retain a copy of this document for your records. 

ELECTRONIC RECORDS 

Some communications with and disclosures by Yield Solutions Group, LLC dba RefiJet.com (“RefiJet.com” or “us” or “we”) on its behalf and on behalf of participating banks, finance companies, and credit unions (hereinafter called “Lenders”) are conducted electronically. In order to access, receive and retain required notices and your documents, including, any notices and disclosures required by state or federal law, such as our Privacy Notice, loan documents and disclosures that we provide to you on behalf of any Lender, and any other transaction notices and information from us (collectively, “Documents”) electronically, you must satisfy the minimum system requirements outlined below. However, if you wish to obtain a paper copy of any Documents that RefiJet provides you in connection with your credit inquiry and any subsequent application to our Lenders, you may contact Yield Solutions Group, LLC (dba RefiJet.com) in writing at 7555 E. Hampden Ave., Ste. 500, Denver, CO 80231 or by email at Info@RefiJet.com. We currently do not charge a fee to send you a paper copy of any electronic Document, but reserve our ability to do so. Be sure to state which of the Documents you are requesting.  

RefiJet.com reserves the right, in its sole discretion, to stop providing Documents electronically. RefiJet may also send Documents to you in paper form because we are legally required to do so or because we determine in our sole discretion that you should receive the Documents in paper rather than electronic form.  RefiJet.com will provide you with notice of any such termination as required by applicable law. If RefiJet.com chooses to stop providing Documents electronically, RefiJet.com will send any future Documents to you in paper form. Certain disclosures, however, will be made to you verbally if permitted by applicable law (the “Verbal Disclosures”).   

YOUR CONSENT IS REQUIRED 

You must consent to receive Documents  electronically in order to complete the credit inquiry process with RefiJet.com and any subsequent loan process with one of our participating Lenders. Your consent will apply to Documents as defined above. You may withdraw your consent for receiving electronic Documents by notifying us in any of the ways described above. Since RefiJet.com is structured to process all or part of your credit inquiry and any subsequent loan  electronically, not consenting, or withdrawing your consent to receive electronic Documents may result in the termination of the credit inquiry and/or loan process. Your withdrawal of this consent is effective only after we have had a reasonable period of time to act upon your withdrawal. Even if you consent, note that the Verbal Disclosures will be made to you telephonically. 

If you wish to withdraw your consent to do business electronically with our participating Lenders, you may do so at no cost to you by contacting the Lender at the mailing address, email address or telephone number they provide to you separately for such purpose.  

CONSENT TO RECEIVE DOCUMENTS ELECTRONICALLY 

In order to use this service, you must consent to receive Documents electronically and you agree that these electronic disclosures will be sufficient as a “writing” under applicable law.  

HARDWARE AND SOFTWARE REQUIREMENTS 

In order to receive, access and retain electronic Documents, you will need the following hardware and software: 

  • a computer, mobile device, tablet or similar device with an internet connection; 
  • a current web browser that supports HTTPS connectivity;  
  • a current version of a software program that can open and display PDF files (such as an Adobe Acrobat reader); 
  • a valid email address with email software to communicate with us electronically; and 
  • an installed printer or sufficient storage space to save, store, print or otherwise retain electronic Documents. 

 These disclosures and the Documents are both provided to you in PDF; therefore, your access to this page from your own system/device verifies that your system/device has the necessary software to permit you to receive and access PDF files. 

If the system requirements for accessing the copy of your Documents on the secure webpage change so as to require different or additional hardware or software, or upgrades, plug-ins or enhancements to the hardware or software used by you (all such changes referred to as a “Systems Enhancement”), we will notify you and you may either withdraw your consent or upgrade your hardware and/or software as required by the Systems Enhancement.  

This consent is valid until revoked by either party. 

It is important that you keep your email address current with us.  Please notify us at 1.800.260.5355 if your contact information changes at any point in the refinance process.  We may treat your failure to provide us with a valid email address, or the malfunction of the email address we have for you, as a withdrawal of your consent to receive Documents electronically. 

System Requirements to Retain Information 

If you have a valid email address, a copy of the loan Documents will be provided to you upon execution in the form of an email link to a secure portal that will contain the PDF loan documents. You will log into the secure portal using your access credentials. The PDF document will be available to you in the secure portal for thirty (30) days. To retain a copy of the Documents, you may choose to print them, save them or both. In order to print them, you must have a functioning printer connected to your personal computing device.  If you wish to retain an electronic version of the Documents, you must have a personal computing device with the hardware and software necessary to download and store PDF files. 

By clicking to accept, you: 

  • acknowledge your receipt and review of the foregoing Federal ESIGN Disclosure and Consent; 
  • give your affirmative consent to our providing electronic Documents to you as described above; and 
  • confirm that your computer or access device satisfies the hardware and software requirements needed to access and retain the Documents that will be provided to you in electronic form, including through use of a valid email address to access a link to a secure portal to access the Documents. 

If you do not click to accept you are not consenting to our providing electronic Documents to you as described above, and you are terminating your transaction with us