At First Loan Choice we understand the importance of credit repair and how it benefits our clients who are in search of online personal loans. Direct lenders, the companies who grant the personal loans in question, are focused on two elements of borrower data: income and credit scores. Credit repair is the process in which negative marks on an individual borrower's credit report such as late payments, charge-offs, collections, write -offs, repossessions, bankruptcies and foreclosures are systematically eliminated. With credit repair all of these negative elements on an individual's credit report are challenged by a credit analysis company, and if the items in question are not successfully counter challenged within thirty days then by federal law the negative items are removed permanently from the borrower's credit report.

When these negative credit report items are removed, the borrower's credit scores will quickly begin to rise. The lack of negative marks on the credit report are noted and reflected by the three credit reporting agencies: Equifax, Experian and Transunion. Each direct lender relies mainly on one of the three credit reporting agencies for borrower data, and therefore it is always important for those seeking loans to have their best possible credit scores reflected by all three of the credit reporting agencies.

When a borrower's credit scores are all 660 or higher it will earn them access to a specific and very important group of direct lenders, those in the conventional loan market. The reason for the importance of this group of lenders is that they tend to close on a higher percentage of loans for borrowers, their interest rates are significantly lower and the potential loan amounts tend to be higher. The rationale for conventional lenders being able to offer superior loans is simple: credit scores above 660 reflect solid credit histories from borrowers and show their willingness and ability to pay back loans to the lenders. In other words a lack of defaults, a commitment to financial responsibilities and a history of timely payments from borrowers enable convention lenders to feel secure in granting a much higher quality of loans. This pattern of responsible financial behavior encourages lenders to approve more loan requests and do so at much lower interest rates, because the conventional lenders are far more trustworthy in borrowers not defaulting on their loan obligations. That level of trust results in a more obtainable and higher quality of loan.

First Loan Choice embarks on a path of leading our clients to the proper direct lenders who can best service their financial needs and often times, simultaneously, showing them how to raise their credit scores as quickly and efficiently as possible. This enables our clients to achieve the results that they desire when it comes to borrowing money and at the higher dollar amounts and lower interest rates that they want. Our process helps to ensure not only that our clients are placed in the best position to be approved online loans, but also that the work is done in an efficient manner in which the number of "soft pulls” on our clients' credit reports is minimized, helping to keep their credit scores as high as possible. Call First Loan Choice today at (866) 978-6863 and let us help you to secure the online personal loans that you need. Our experienced staff will review your credit profile with you and contact you with the proper direct lenders to make your lending experience as financially rewarding and hassle free as possible!