Clean Up Credit to Get the Best Rate Mortgage

If you are planning to buy a home, or if you need to refinance your current mortgage, take a look at your credit score first. Unless your credit history is spotless, your most likely won't qualify for the lowest mortgage rates.

Whats your score? You are entitled to one free credit report each year from the three major credit agencys. Get your credit report and check it carefully for any inaccuracies, or problems. You may request other reports that include your FiCO credit score.

How is a FICO score calculated? According to Fair Isaac, the follow factors go into creating your credit score:

• Payment History: 35%
• How much owed: 30%
• Length of credit history: 15%
• Applictions for new credit: 10%
• Types of credit used: 10%

Clean up your credit, or face paying much more in interest rates than those people who have bad credit. If you need help, contact a reputable Credit Repair agency such as Lexington Law. IN most cases, they have the experience and resources to help you repair your credit score faster than you may do on your own.

How to Deal with Bad Credit Reports

How to Deal with Bad Credit Reports

Today your credit score is everything. Lenders and bankers approve or disapprove loans, mortgages, and credit cards based on your credit worthiness. It is also something that will determine your credibility to employers, landlords, and insurance companies.

Repair Your Credit

With a good credit rating you will be able to apply and be approved for loans and/or credit cards easily. Ultimately, isn't that the goal? You will also have a better chance of getting certain jobs, and living where you choose.

Having bad credit reduces your opportunity for many of these things. If you are able to get approved for a loan or for a credit card, you'll most likely have a much higher than average interest rate. You will be considered a “high risk” customer because creditors are not certain if you will be able to pay your bills on time. If you want to apply for an apartment rental the landlords may take a look at your credit report to determine if you will be able to pay your rent and utilities.

These are just a few of the many reasons why having a good credit score is very important in today's world. However, what can you do if you happen to already have bad credit? If you have a bad credit score, it is imperative to fix the problem as soon as you can. Here are some ways clean up your credit report
.

First, stop your bad credit before it gets worse. So how do you do this? Pay your old overdue debts as soon as possible. This will not immediately improve your actual credit score, but it will put you on the right track to repairing your credit history.

Second, raise your credit score by opening a new savings or checking account. You should also apply for a secured credit card. Although will have a higher interest rate, it is also a good way to control your credit card spending and it will also raise or repair you bad credit score as long as you pay the monthly credit card bills on time you will be able to see a significant rise in your credit history report.

If you follow these steps, and pay your bills on time every month, you will eventually start to see a good credit rating. Remember that it does take time to raise your credit rating. Be patient and diligent to see a positve change.

Once again, remember to pay your loans and credit cards on time in order to get a good credit rating. By doing so over time you will end up with a good credit score and history.

Tags: legal bad credit repair report score

How_Credit_Reports_are_Calculated

How_Credit_Reports_are_Calculated

A credit score, also known as a FICO score, is a three digit number that lenders use to estimate risk. Generally, borrowers with higher credit scores are less likely to default on a loan than those with lower FICO scores.

How are credit reports and scores calculated?

Credit scores are produced by using certain data from your credit report which is weighted to create your personal score. Since the three major credit reporting agencies don't use the same scoring systems, don't be surprised if your credit scores from each one are slightly different. A FICO score is generated using software created by Fair Isaac Corporation -- FICO.

While we don't know all of the criteria used to calculate scores, we do know that the following items of a credit history are most important, and are weighted as shown:

• 35% - Your Payment History
Number of accounts paid as agreed
Negative public records or collections
Delinquent accounts:
total number of past due items
how long you've been past due
how long it's been since you had a past due payment
• 30% - Amounts You Owe
How much you owe on accounts and the types of accounts with balances
How much of your revolving credit lines you've used--looking for indications you are over-extended
Amounts you owe on installment loan accounts vs. their original balances--to make sure you are you paying them down consistently
Number of zero balance accounts

• 15% - Length of Your Credit History
Total length of time tracked by your credit report
Length of time since accounts were opened
Time that's passed since the last activity
The longer your (good) history, the better your scores
• 10% - Types of Credit Used
Total number of accounts and types of accounts (installment, revolving, mortgage, etc.)
A mixture of account types usually generates better scores than reports with only numerous revolving accounts (credit cards)
• 10% - New Credit
Number of accounts you've recently opened and the proportion of new accounts to total accounts
Number of recent credit inquiries
The time that's passed since recent inquiries or newly-opened accounts
If you've re-established a positive credit history after encountering payment problems

What's a Good Credit Score?
Credit scores range between 340 to 850. The higher your credit score, the lower the risk a lender believes you will be. As your score increases, the interest rate you are offered generally declines.

Borrowers with credit scores more than 700 are typically offered more financing options and better interest rates, which can save thousands of dollars over the life of a loan.

Credit scores among the US population in 2003:

• Up to 499: 1%
• 500 - 549: 5%
• 550 - 599: 7%
• 600 - 649: 11%
• 650 - 699: 16%
• 700 - 749: 20%
• 750 - 799: 29%
• Over 800: 11%

Don't despair if your credit score is low - over time you can increase your score. It takes some work, but it is worth it in the long run. For more information about how to increase your credit score go to Three Tips to Increase Your Bad Credit Score.

Tags: How_Credit_Reports_are_Calculated

Lenders act to limit US foreclosures - Yahoo! News

Here is an article that is extremely imporant for anyone who is having trouble paying their mortgage. There is some help out there. Try to make your e mortgage payments on time, so that your credit score does not suffer. Talk to your lender to let them know you are having difficulties to see what type of assistance they may be able to offer.

Lenders act to limit US foreclosures - Yahoo! News
Lenders act to limit US foreclosures
By Mark Trumbull, Staff writer of The Christian Science Monitor Thu Apr 26, 4:00 AM ET
"The home-loan industry, facing the worst housing downturn since the early 1990s, is ramping up efforts to help strapped borrowers stay in their homes.
The goal is to restrain a gathering wave of foreclosures that carries big costs for both lenders and borrowers.
This rescue effort isn't expected to save every at-risk homeowner. But it promises to reduce monthly payments for many who have fallen behind on mortgages. In the process, it could help to stabilize a struggling real estate market.
So far the housing slump, precipitated in part by overzealous borrowing and subprime lending, continues its downward slope. In discouraging news for homeowners and homesellers nationally, a report Tuesday showed "the deceleration and declines in home prices are showing no signs of turnaround." Citing February data, Standard & Poor's Case-Shiller index of housing prices in 10 cities posted a 1.5 percent drop from February 2006 – an annual decline not seen in 15 years.
That news follows hard on a revised 2007 price forecast by the National Association of Realtors. NAR said this month it no longer expects the median price of an existing home to rise this year, predicting instead a 0.7 percent decline. The slower recovery, it said, is a result of "tighter lending criteria and fallout from the subprime loan debacle."
Some lenders offer to refinanceImpelled by financial and political pressures to try to curtail foreclosures, lenders are taking action on several fronts:
• Fannie Mae, America's leading mortgage lender, says it plans to help as many as 1.5 million "subprime" borrowers – people with low credit ratings – refinance out of high-interest loans.
• Freddie Mac, which like Fannie Mae is a government-backed corporation, is creating new products to make homes more affordable to buyers with poor credit. Freddie Mac doesn't make loans directly but pledges to buy as much as $20 billion worth of these mortgages from participating lenders.
• Washington Mutual, another giant lender, says it will refinance $2 billion in subprime loans, helping borrowers avoid foreclosure. The new loans will come with below-market interest rates.
• Some finance companies are partnering with nonprofit organizations that act as advocates for at-risk borrowers.
• In addition to efforts by specific companies, the Mortgage Bankers Association announced a foreclosure-prevention campaign in partnership with the nonprofit group NeighborWorks America. They will link homeowners to a free counseling hotline (888-995-HOPE) provided by the Homeownership Preservation Foundation, boost the capacity for homeownership counseling within NeighborWorks, and conduct a national ad campaign for homeowners in financial distress.
All of this represents significant relief, but the magnitude of the problem is large and growing.
"We're struggling to provide help" to troubled borrowers, says Robert Pulster, who heads a Boston nonprofit group called Ensuring Stability through Action in our Community. "We're seeing double the problem that we were seeing last year."
The lenders themselves are careful not to overstate what the new projects can achieve. "While these efforts will help cushion the expected rise in foreclosures, we need to be clear that these offerings are not a panacea," said Richard Syron, chief executive of Freddie Mac, as he unveiled the new products at a congressional hearing April 17.
Even when the economy and the housing market are strong, some borrowers run into financial difficulty because of events such as job loss, divorce, or illness.
Over the past year, two other factors have driven the rise in past-due loans and foreclosure filings.
One is known as "payment shock," when adjustable-rate loans reset sharply upward. Lenders in recent years failed to consider whether the borrowers will be able to afford their loans once initial "teaser" rates adjust, critics charge.
The other is simply that a decade-long housing boom stalled out. Some who bought homes near the market peak – often with no down payment – owe more than the house is now worth. So selling it offers no sure escape route from foreclosure.
But foreclosure is costly for lenders, chewing up tens of thousands of dollars in missing loan payments, home-sale expenses, and property maintenance. If foreclosures are concentrated in a community and drag down home values, that's bad for lenders' business prospects.
Politicians have been prodding lenders to help at-risk homeowners. In congressional hearings, Democrats have bashed the mortgage industry for helping to create the problem. Nonprofit organizations have added to the pressure.
Rita Askew, safe at homeRita Askew of Evanston, Ill., is one borrower who remains in her red-brick townhouse thanks to help from her lender and community groups.
Her husband, the family breadwinner, had to leave his school-maintenance job for several months last year because of an accident. "I probably would have been selling my house," Mrs. Askew says, if the National Training and Information Center (NTIC) hadn't stepped up for her.
NTIC helped win a loan-modification accord that cut the monthly payment from $1,668 to $1,117. The interest rate dropped from 10.6 percent to 6.0 percent.
Several major lenders, including Ocwen Financial Corp., CitiFinancial, and Select Portfolio Servicing Inc., have agreed to partner with NTIC to negotiate "workout" deals when possible for troubled loans.
But for people who face difficulty paying their mortgages, the choices can narrow quickly if the loans go unpaid for a month or more.
Borrowers can seek a traditional refinance deal with any lender. They can seek temporary forbearance or a loan modification deal. Some can successfully sue the lender, showing that the original loan process violated state or federal laws. Or they can try to sell the home, perhaps talking the lender into accepting proceeds that fall short of the loan balance due.
Housing advocates say to beware of "rescue" scams, outfits that charge big fees and then fail to help people stay in their homes."

Tags: Lenders act to limit US foreclosures, credit score

Credit Repair and Buying a Home

Credit Repair and Buying a Home

If you are considering buying a home - stop! Before you do anything else, get a copy of your credit report. You can obtain a free copy once each year from AnnualCreditReport.com.

Why get your credit report? Well the fact is that most credit reports contain erroneous information which, in some cases, may affect your credit score negatively. It is very important to check your credit report very carefully, and if you find errors, dispute them immediately with all three of the national credit bureaus. It can take 30 days or more to get erroneous items deleted from your credit history.

Your credit score is used to determine the rate of interest that you will pay for the mortgage. Erroneous or negative items listed on your credit report could bring that score down considerably, costing you thousands of dollars over the course of the mortgage. You can improve your credit score; however, it can take some time, so start early.

Credit repair and buying a home are definitely tied. Even if you think you have very good credit, be certain. Check your credit report because may people have been victims of identity theft, affecting their credit horribly, and they don't even know it.

So, before you start looking for a new home - get your credit report in shape.

Tags: Credit Repair and Buying a Home

Do-it-Yourself Credit Repair

Do-it-Yourself Credit Repair

Do-it-Yourself credit repair to improveyour credit score takes a conscious effort on your end. There are several factors that affect your credit score; improving the score requires you to take care of the most important of those factors so that you can manage your credit better, and improve your score. Follow some simple steps to improve your score and your credit history.

Improve your payment history:

• Avoid making late payments on your bills.
• Pay off all your past-due bills as soon as possible.
• Request an alternative plan with low monthly payments from your creditor if you need help.
• Negotiate with your creditors to remove charge-offs from your report and re-open those accounts.
• Request that your creditors erase late payment entries after you re-start paying on time.

Reduce your outstanding debts:

• Pay off high interest debts first.
• Keep your balances low and try to keep your revolving debt to 50% of your available credit.
• Don't close old and unused accounts quickly in order to lower your available credit. It will raise your debt-to-credit limit which has a negative impact on your score.
• Try to close accounts gradually over several months.
• Verify that the accounts closed are reported as "closed by consumer".

Improve Your Credit History:

• You should not open several new accounts within a short period of time.
• Adding too many accounts in a short interval implies that you are not able to manage your credit properly.

Manage new credit efficiently:

• Restrict yourself to a medium credit limit and not a higher one as your creditor suggests.
• Do not open too many new accounts if you have gone through credit problems in the past.
• Plan your budget taking into account your finances and credit.
• Avoid several credit inquiries within a short period; otherwise it would mean that you are about to open multiple new accounts and this will affect your score.

Use a proper mix of credit:

• It is better not to have too many installment loans as they can reduce your score. This is because the payments remain unchanged until you pay off the balances.
• You can have a combination of credit cards and installment loans or loans with fixed payments as they help in improving your score. But you need to handle your credit cards efficiently.You can also contact a credit counseling agency for tips on managing your debts. These agencies are different from the credit repair companies and they can guide you on how to improve your financial situation.

Once you have worked through the various factors influencing the credit score, try to maintain a stable credit report with the latest details. Check your credit report periodically for errors and problems. A few simple steps will help you in this regard.

• Request your creditors to send your account details and payment history to the credit reprting agencies.
• Create a savings account at your bank. Your creditors will be convinced that you have started to save and maintain extra funds to pay down your debts.

Besides practicing good payment habits and updating your credit report, you should look at removing any errors from your report. This will also help you to get a better score. When you request your credit report, the credit bureau will give you detailed instructions on how to file a dispute. Do so right away if you find errors.

Tags: do-it-yourself credit repair

OnlineCreditProfessor.com - Improve Your Credit Score

OnlineCreditProfessor.com - Improve Your Credit Score
"Understanding Your Credit Score
What does your score mean?
This credit rating system is meant to develop a snapshot of the risk you currently represent to a potential lender. Several factors in your credit file, including length of credit history, number of open accounts, loans, mortgages, public records, and others are calculated to produce a three-digit score between about 300 and 950. While there are other scores used by lenders and insurance companies (some of which were developed by FICO) such as Application and Behavior scores, these other scores take other information into account. Most often a lender will use a combination of your credit score with several other factors when determining your credit risk. However, they all have the same objective, to determine the potential risk of a particular borrower. Whether the score was generated by FICO or another system based on FICO parameters, they all formulate an industry standard three-digit score. This credit score places the borrower in one of three main categories (we named the third one ourselves.) For up-to-date information on credit reporting, credit repair, identity theft, and other financial issues, go to the OnlineCreditProfessor.com Blog.
Get your Credit Score and Credit Report Now!
Prime, sub-prime, and shafted
Prime: If your credit score is more than 680, you are considered a "prime borrower" . You'll have no problem getting a good interest rate on your home loan, car loan, or credit card.
Sub-Prime: If your credit score is less than 680, you are "sub prime", and will most likely pay a much higher interest rate on your loan.
Shafted: Below 560 is the shafted credit score, or that is how most lenders and credit issuers think of it. You may still get a credit card but you will likely be hit with a security deposit or high acquisition fee. Also, your interest rate will likely be 22 to 23%. Forget about most home loans and the majority of new car loans at this score. Below 560 is not where you want to be. At this level, you will pay much, much more in higher interest and unnecessary fees. In addition, you may even pay more for your insurance rates, and a very low score can even prevent you from getting a job with many companies. If you're in this category Click here for help.
How are credit scores calculated?
The methods of formulating your FICO score may differ slightly depending on the credit bureau. When requesting your score from one of the Credit Bureaus it is important to understand that your score does not come directly from FICO. It is unique to each bureau and is given its own name: Equifax uses "Beacon", Trans Union uses "Empirica", and Experian uses "Experian/Fair Isaac." These credit scores are also referred to as your "Bureau Scores."
Since your score is derived from your bureau data statistics, the score will change every time your report changes. However your score is calculated, it will always take into consideration many different categories of information. No one piece of information, item, or factor determines your score. As the information in your credit report changes, the importance of one or several categories or factors may change in your FICO score. Potential lenders look at many things when making a credit decision, including your income and the kind of credit you are applying for. Your FICO score does not reflect these other facts as it only evaluates the information retained by the credit reporting agencies.
Learn more.
What factors affect your credit score?
There are five major factors used in credit scoring calculations that determine your overall credit score.
Previous Credit Performance (Payment History) weighted 35%. A potential lender wants to know what your prior payment history is like. Have you paid everything on time, are you late on any payments now, and so on. Your payment history is just one factor used in calculating your score, but it can be the very important.
Current Level of Indebtedness (Amount Owed) weighted 30% How much credit is too much? Can the borrower pay the lender and still afford to pay his or her other bills? When you have available credit it can actually help your ratio of debt to available credit. These are the types of questions that most lenders want to know and the answers are almost as important as your previous credit history.
Amount of Time Credit Has Been In Use (Length of Credit) weighted 15% Generally, the longer the credit history the better your credit score. However, this item only makes up 15% of your total score so even young people, students or others with short histories can still score well overall as long as the other factors are good. If you are new to credit there is little you can do to improve this part of your score, just open an account and be patient.
Pursuit of New Credit weighted 10% Credit is more popular today than ever before. Just look at the number of credit card and loan offers you get via the Internet and in the mail. Consumers can now shop for credit and find the best terms to meet their financial needs. Every time someone runs a credit check on you, it creates an inquiry.
Fair Isaac has changed some of its calculations to account for these trends - specifically, they will treat a group of inquiries - which probably represents a search for the best rate on a single loan - as though it was a single inquiry (note: this only applies to auto or mortgage loan inquiries.) For example, auto loan inquires within 14 days of each other only count as one inquiry.
Types of Credit Experience weighted 10%. Lenders are looking for a healthy mix of different types of credit accounts, installment loans, retail accounts, credit cards, and mortgage. While this factor is not normally a key element in determining your score, it can help a close score. It is not a good idea to try and open different types of credit accounts just to try and make this factor better, as it will likely reduce your score in other areas. Never open accounts you don't intend to use.
The type of credit accounts you have, and how many, can make a big difference. The optimal ratio of installment accounts versus revolving accounts depends on your profile and differs from person to person. One factor that appears to have significant influence on your credit score is your percent of open installment loans. Too many open installment loans can lower this portion of your score. For more information Click here
Improving your credit score
Now that you know how your credit score is calculated, you can begin making changes to your current financial planning. The best things you can do to improve your score are simple.
Pay all your bills on time. While it sounds simple, this is the most important thing you can do to keep your score high. Delinquent or late payments and collections have a major negative impact on your credit score.
Keep balances low on unsecured revolving debt such as credit cards. High outstanding unsecured balances can negatively affect a score. In addition, the amount of your unused credit is an important factor in calculating your score.
Only apply for credit that you really need.
Make sure that all the information listed on your credit report is correct. If it is not correct, dispute it with the credit agencies and/or with the creditor directly. Removing negative items on your credit report has the largest impact on your FICO credit score. Generally, negative items stay on your reports for at least seven years, but you can hire a professional credit report repair service such as Lexington Law Firm to repair your credit for you. While you can try to understand the laws and repair your credit yourself, we have found it's much easier to have a professional do it for you. We strongly recommend using Lexington Law Credit Report Repair, they are the industry leaders in credit repair, and they have a proven track record of removing negative items (even bankruptcies) from credit reports permanently."

Tags: improve your credit score, credit repair

Credit Repair In 24 Hours

Credit Repair In 24 hours!

This is something interesting I just found. This guy says he can help you clean up your credit in 24 hours. It could be worth a try if you are trying to get a loan or credit account, and are having trouble due to bad credit.

"Fix Your Credit Fast With This Simple System. Get Rid of Your Bad Credit and Debts Forever"

"Those credit bureau's destroy peoples lives. They track everything about everyone and they don't let people know how they are calculating scores. It's so stupid. They sell your information to everyone willing to pay. They tell everyone they can't change their scores. They tell you to just forget about that house or car or better job. Or they make you pay crazy interest rates.
I got so sick and tired of seeing these stupid scores ruining peoples lives. Don't get me wrong the bureau I was working for paid me a lot of money. After a while though I couldn't live with myself, it became harder and harder to get a good nights sleep.
Well it's your lucky day. You are about to get the insider information to boost your fico score through the roof.
Have me a former credit bureau manager reveal the legal way to jump your credit score through the roof.
Good credit is essential in America today, and there is a network of credit reporting agencies that keep track of your current credit rating and check your credit worthiness every time you apply for a loan, credit card or any other type of credit. If you feel overwhelmed and confused by your credit situation, this proven credit repair system will amaze you.

Credit Repair In 24 hours!

The Internet,
it's tough to know who to believe. There are so many people making ridiculous claims, it's insane. It's like day after day, you get hit with hype pitch after hype pitch. In a moment, I'll tell you specifically what I can do for you. But first, here is why you should believe me to begin with:
Here are 4 good reasons to believe what I say:
One: I've been in this business for a very long time. My kind of experience is very rarely matched. Many bankers and even credit bureau professionals do not know many of these techniques.
Two: I am not asking you for some large investment that is going to make me rich and you poor.
Three: I hate the credit bureau's. They track our every move, they should be illegal. Working for one I learned all their little secrets.
Four: How many of these people selling these so called kits have been on the inside. My guess is none after reading the garbage in most of these packages.
Before you read another word, why not sign up to receive my FREE helpful & insightful newsletter on the latest tips and secrets to mastering your credit and managing your debts? This weeks article is how to buy a house or car without a credit check.
TESTIMONIALS:
The testimonials below are just a small sample of people who have consulted me or followed the techniques of this product. My customers are from all over the country. My formula works for everyone willing to try it.

"This was the best think I ever did. Your package made me feel like I had a friend on the inside. It allowed me to buy my first home. Thanks." - Peter King, Miami FL


"You helped me get a brand new car. Let me take you for a spin. LOL" - Susan Ward, Owner of a New Car
You'll learn what they don't tell you about your "credit", your "credit score", and your "credit habits"... It's much more than just repairing your "credit report"!
I'll also show you the steps for removing negative items from your credit report using the secrets, tips, and techniques that credit repair companies use to repair credit. Because of your lack of credit knowledge, they can charge hundreds of dollars for something that you can, and should, do yourself for a few bucks, sometimes even free.
Bad credit is big business and companies reap millions of dollars every year from people's lack of knowledge about their credit and FICO score! How?... With extremely high interest rates, huge down payments, fees, late charges, and penalties.
The Fact Is: You don't need a lawyer to eliminate your debts!
In Fact: You don't need a credit counselor to fix your credit for you!
In Fact: You don't need any kind of so-called professional to help you at all!
Many Times it is actually bad to have a "So Called Professional" try to fix your credit
OK. Let's get down to the good stuff:
Even if your debt is your fault, find out how to effectively restore your credit rating without being dishonest.
How to get a no cost $0.00 COPY of your most current credit report!
How to get the credit bureaus to actually decode your report!
How to get incorrect, negative and misleading information quickly, easily and LEGALLY removed from your report!
How to get your spouse's (or former spouse's) negative information permanently disjoined from your credit file(s)!
How to get your creditors to actually agree to settle all your debts for just a fraction of their original amounts (often as little as 5% to 10%) and at the same time agree to report these newly reduced debts as either "paid-in-full," or "paid satisfactorily!" or even erased like they were never there.
How to instantly add 10 years of good credit to your credit history for free!
And That's just the beginning!!!
Never be denied or rejected because of credit problems again
Get the mortgage or car loan you want with a low rate and low payments – Credit won’t be an issue
Get the best loans only made available to the “elite” with an excellent credit rating
Get qualified for business loans in a snap
Find out how you can send out one simple letter and erase your bad credit forever (It takes just 10 short minutes and it’s absolutely free!)
Instantly clear up all your bad credit troubles FOREVER - Guaranteed in writing!
Uncover the secret to getting your creditors to actually agree to settle all your debts for just a fraction of their original amounts (often as little as .25 on the dollar) and at the same time agree to report these newly reduced debts as either “paid-in-full,” or “paid as agreed"!
The step–by-step, easy to follow system attorneys and credit repair specialists use to remove negative items from your credit report – PERMANENTLY!
No credit can be just as crippling as bad credit. Learn how to build YEARS of excellent payment history in less than 30 days
Get our exclusive list of no credit check lenders
The secrets you need to know in order to raise your credit scores by up to 200 points
How to save hundreds of dollars by restoring your credit rating for FREE
The secrets to getting dozens of Pre-Approved offers in your mail box
Small changes you can make right now to take your credit from good to EXCELLENT
How to get a fresh new credit report legally
3 ways to boost your credit score by 50 - 71 points in 30 days or less
How to insure you’ll never be turned down for credit again!
Discover the real secret behind getting negative items removed from your credit without committing fraud
I offer a 90 day unconditional guarantee.
You'll learn what they don't tell you about your "credit", your "credit score", and your "credit habits"... It's much more than just repairing your "credit report"!
I'll also show you the steps for removing negative items from your credit report using the secrets, tips, and techniques that credit repair companies use to repair credit. Because of your lack of credit knowledge, they can charge hundreds of dollars for something that you can, and should, do yourself for a few bucks
Bad credit is big business and companies reap millions of dollars every year from people's lack of knowledge about their credit and FICO score! How?... With extremely high interest rates, huge down payments, fees, late charges, and penalties.
The fact is: You don't need a lawyer to eliminate your debts!
In Fact: You don't need a credit counselor to fix your credit for you!
In fact: you don't need any kind of so-called professional to help you at all!
Many Times it is actually bad to have a "So Called Professional" try to fix your credit
OK. Let's get down to the good stuff
How to get a FREE COPY of your most current credit report!
How to get the credit bureaus to actually decode your report!
How to get incorrect, negative and misleading information quickly and easily (and LEGALLY!) removed from your report!
How to get your spouse's (or former spouse's) negative information permanently disjoined from your credit file(s)!
How to get your creditors to actually agree to settle all your debts for just a fraction of their original amounts (often as little as 5% to 10%) and at the same time agree to report these newly reduced debts as either "paid-in-full," or "paid satisfactorily!"
How to instantly add 10 years of good credit to your credit history!!!

How to get incorrect, negative and misleading information quickly and easily (and LEGALLY!) removed from your report!
And That's just the beginning!!!
Even if your bad credit is your fault, find out how to restore your credit rating without lying or being dishonest with your creditors.
Discover how to Instantly Add Up to 10 Years of Excellent Credit History to Your Credit Report (This secret alone is worth its weight in gold… It’s absolutely priceless!)
Never be denied or rejected because of credit problems again
Get a mortgage or car loan with a low rate and low payments
Get the best loans only made available to the “elite” with an excellent credit rating
Learn how I increased my credit score by 150 points
Get qualified for business loans in a snap
Find out how you can send out one simple letter and erase your bad credit forever (It takes just 10 short minutes and it’s absolutely free!)
Instantly clear up all your bad credit troubles FOREVER - Guaranteed in writing!
Uncover the secret to getting your creditors to actually agree to settle all your debts for just a fraction of their original amounts (often as little as .25 on the dollar) and at the same time agree to report these newly reduced debts as either “paid-in-full,” or “paid as agreed"!
The step–by-step, easy to follow system attorneys and credit repair specialists use to remove negative items from your credit report – PERMANENTLY!
No credit can be just as crippling as bad credit. Learn how to build YEARS of excellent payment history in less than 30 days
Get our exclusive list of no credit check lenders
The secrets you need to know in order to raise your credit scores by up to 200 points
How to save hundreds of dollars by restoring your credit rating for FREE
The secrets to getting dozens of Pre-Approved offers in your mail box
Small changes you can make right now to take your credit from good to EXCELLENT
How to get a fresh new credit report legally
3 ways to boost your credit score by 50 - 71 points in 30 days or less
How to insure you’ll never be turned down for credit again!
How to get the loan you want, the car you desire, and the house of your dreams – Credit won’t be an issue
Discover the real secret behind getting negative items removed from your credit without committing fraud
I offer a 90 day unconditional guarantee.
You will also find out where to get a pre-approved $5,000 platinum credit card - today!

Credit Tip Alert From Rick: Monitor Your Credit
If you want to improve your credit score fast you have to monitor your credit.

Why Monitor Your Credit?

Here are the basic reasons

1) Identity theft
2) Inaccuracies and mixed files
3) Inquiries
4) Tracking payments
5) Quick disputing process online

I don't care if you already have a copy of your credit report. This credit monitoring service is $12.00 per month but it will let us dispute online. It also lets us view all 3 of your reports. There are a lot of reasons this is the best service on the market. (and yes I know you can get a free copy of your credit report from each bureau) they are useless when it comes to fast credit repair. Credit Repair In 24 hours!
THE FIRST MONTH IS $0.00
PS: THIS IS A MUST IF YOU WANT FAST CREDIT REPAIR. We have to be able to monitor your credit online. This also gives us the ability for quick easy disputes.
PSS: If you don't want to pay the $12.00 a month just do it for a few months until your credit is cleaned up. THE FIRST MONTH IS $0.00 you may easily cancel at any time.
I'll show you everything that only the very elite professionals know
Did You Know That:
There are 3 National Credit bureau's
They do not share information. Credit bureau's are businesses. It is not in their best interest to share information with competitors (other bureau's). This is one big advantage to you.
Credit bureau's all compile their own score for you. This is commonly called your FICO score.
FICO stands for Fair Isacc Company. This company developed the software that the 3 main bureau's use to calculate your credit score.
When you purchase a big item such as a car or house the financial institute will pull your credit from all 3 bureau's and take your middle score as your FICO score.
Most banks and large financial institutes report late payments etc with all 3 bureau's. Most smaller companies only report to one. This is due to cost restrictions. Most smaller companies are under a contract with a particular bureau. For example if you don't pay a phone bill it will most likely only show up on one bureau's report.
Your FICO score is a formula that can be manipulated to your advantage if you know how the formula is calculated.
I will show you how to manipulate your score and jump it so fast your head will spin!
Some reasons to let me help you always get a:
"YES" every time you want to buy something on credit.
1. I guarantee my product.
Guarantees show you that we are confident enough to put the risk on our shoulders and take it off of yours. I know that this product will help you. The information contained in this product will amaze you
2. Here's how you can contact me.
3. I hate the credit bureau's for what they do to people's lives. I have seen the bad effects first hand. When I worked for a bureau before I just had to bite my tongue in order to keep my job. Well it's time to get even.
This formula is so easy to use. You will be an expert in no time. You will save years of trial and error.
4. You can do this on a shoestring budget.
Get the package and there are no other costs or ongoing fees. the best part is if you have items you want erased, you can do most of them for free. You know that old cable bill or telephone bill that is sitting on there? Let's get those erased for good & with $0 additional cost to you.
5. You get INSTANT ACCESS to this product.
My product is downloaded from the Internet. After your payment is submitted, you'll be directed to a private download page where you'll download your copy of my system. No waiting. You'll have this credit repair system in your hands only minutes from now.
Here is exactly what to expect when you order my product:1) You click the "Order Now" button at the bottom of this letter.2) You fill out the required information and hit "submit"3) You are automatically brought to the download page.4) Click "download" and open the file.
That sounds pretty simple, right?
6. Credit Repair is NOT complicated.You don't have to have a financial degree to understand this. With the forms I am sending you can simply fill in the blanks.
7. My product is the ONLY technology, based on my unique combination of my loans officer experience and my credit bureau manager experience.
8. My formula is practical and not theoretical.
So many people who tell you how to improve your credit have never been involved in that business.
I've been in the trenches and have worked with professionals in the credit field for most of my adult life.
My formula is credible information based on my real-world experience.
Still Undecided? Need More? Well, How About This... "

Credit Repair In 24 hours!

Tags: fast and easy credit repair in 24 hours, improve credit score fast

OnlineCreditProfessor.com - Is Credit Repair Legal?

OnlineCreditProfessor.com
Is Credit Repair Legal?

"This entry was posted on 3/12/2007 8:43 AM and is filed under Credit Repair,Credit Report,Credit Rating,Credit Score.
Is Credit Repair Legal?Credit repair is the process of re-establishing or restoring your credit. It can also be a method of improving your credit score. Is it legal? Yes, of course it is legal. The methods of credit repair that we recommend are totally legal, and can help you greatly to save money over time.Let's take a look at what is necessary to repair credit. First, you must obtain a copy of your credit report. This is easy. You are entitled to a free credit report once each year from each of the major credit bureaus. Go to http://www.annualcreditreport.com/ for instructions on ordering your credit reports. You can even access them online. Next, check your credit reports carefully for any clerical errors such as payments posted as late that were not late, and especially for any credit accounts that you did not open. Any accounts that you do not recognize could be a sign of identity theft. Check also for incorrect address information, and any other personal information about you that is not correct. Each of the credit reports will supply you with information as to how to dispute any erroneous information or listings on your credit report. DO IT, don't wait until you need a loan, mortgage, or credit card. Dispute any erroneous items immediately, especially if you think you have been a victim of identity theft.Finally, take steps to Clean Up Your Credit Report. Pay your bills on time each and every month. Don't open credit accounts that you don't need, and use your credit wisely. Be careful to spread your purchases among your credit accounts so that any one account does not use more than 30 percent of your available credit. Do this over the next 6 - 12 months, and watch your credit score improve. You can repair your credit, but it takes time. For anyone who needs faster results, or help due to extremely bad credit, don't hesitate to contact a reputable credit repair service such as Lexington Law. They offer Legal Online Credit Repair, with guaranteed results. You don't have to live with bad credit. Now is the time to get your finances in order, and start down the road to improved credit and credit scores. The benefits of good credit are well worth it."
Tags: legal credit repair, improve credit score

Online Credit Professor - The Truth About Credit Repair

OnlineCreditProfessor.com
The Truth About Credit Repair

This entry was posted on 3/6/2007 9:45 AM and is filed under Credit Repair,Credit Report,Credit,Identity Theft.
The TRUTH About Credit Repair…Here is a very good article about the ins and outs of credit repair by Sebastian Foss
"Have you ever wondered what companies send you when they claim you can erase your bad credit overnight? How about those ads that say you can get any major credit card 100% Guaranteed regardless of your credit?
Ads abound almost everywhere (online and off) selling books, systems and secrets to help you fix your credit in a hurry. Many of these programs have claims which read like the covers of supermarket tabloids “In 3hrs my credit score jumped from 580 to 676!”… “Erase bad credit and smash your debts with just 2 Magic Letters!”. "Create a completely new credit file in 24hrs!” Are these types of claims ALWAYS too good to be true? The answer is “Yes and… no”.
While many people would love for you to believe that the only thing that can fix bad credit is time; in reality… nothing could be further from the truth. The fact is, time is only one factor which will fix a credit report (but it’s a far cry from being the only factor). How can I back this up? Easy. Under a consumer protection law known as the Fair Credit Reporting Act (a.k.a. the FCRA) the only negative information which can remain on your credit report is not what is accurate… but what can be proved as such. What’s this mean to you?
It means any negative item on your credit report can only remain there if it is accurate and CAN BE PROVED AS ACCURATE under the guidelines of the FCRA. This undisputable fact presents consumers with both good news and bad news. The good news is that through the FCRA your credit score can most likely be improved dramatically in a very short period of time with only a modest amount of effort on your part.
The bad news is that while the actual “work” will take very little of your time, it is vital that you have good information on “how” to go about it. This is the bad news; 9 out of 10 courses on restoring your credit will do nothing more than lead you into a snake pit. This is because they provide you with out-dated “Boiler Plate” dispute letters which are rarely effective. These are nothing more than form letters and… quite frankly (more bad news) the Credit Bureaus and Creditors will laugh at you if you try to use them.
While I agree with the Federal Trade Commission (FTC) that “Anything a Credit Repair Clinic can do for you legally, you can do for yourself at little or not cost”… the key element you need for success is the latest inside techniques and procedures to get the results you want. These involve strategies known as “Proof of Contract”, “Constructive Notice”, “Challenge of Procedure” or “Restrictive Endorsement” and many others.
All these terms may “sound” impressive but they are really quite simple. In the end, it is nothing more than a method of communication which exercises your consumer protection rights, gets the results you want and raises your credit score. Even more impressive, once you learn how simple it can be by doing it for yourself, you will find there is a fortune to be made doing it for others! Either way, it all starts by requesting a free copy of your credit report by " Clicking Here For Credit Secrets Bible™" To receive Free Credit Tips including “How to Bullet-Proof Yourself From Identity Theft For FREE!” "
I found this to be a very imformative article about credit repair. While it is easy to do, sometimes you may require help from a credit repair agency. If so, don't live with bad credit, seek help when you need it.Tags: credit repairMore blogs about credit repair.

Southern California InFocus - Understanding credit scoring and credit repair

Southern California InFocus - Understanding credit scoring and credit repair


"Understanding credit scoring and credit repair

By Uzma Afzal
This article is intended to provide information to all people trying to improve their credit score, including those seeking a riba free loan. Credit remediation is a subject consumers often face with fear and trepidation, and for good reason. With the exception of recognizing that the best score wins, the average home shopper knows very little about the whole credit scoring process. Sub-prime borrowers who are eager to move into A-Paper territory often find themselves at a loss when trying to find ways to upgrade their credit history. The good news is there are ways to improve less-than-perfect credit scores and obtain a loan for the home you really want.
The first step in the process is making sure that you have a current copy of your credit report. Congress recently amended the Fair Credit Reporting Act so that consumers may now receive one free credit report annually. There are three major credit bureaus: Equifax, Experian, and Transunion. Since entries can vary across bureaus, you’ll want to request a free report from each of the three companies. (Go to www.annualcreditreport.com)
It’s also important to know just what a good credit score is. Most A-Paper scores generally begin around 680, although this number may differ slightly among lenders. Don’t despair if you come up shy; there is always room for improvement. Increasing your score just 5 points can save a significant amount of money. For example, if your score is 698 and you increase it to 703, then you could save yourself thousands of dollars over time as a result of a slight improvement in your loan’s interest rate.
While credit repair is necessary for some, it’s not the only way to increase your credit score. Even if you have stellar credit, you can enhance your score through these steps:• Evenly distribute your credit card debt to change the ratio of debt to available credit. Let’s say you have a credit score of 665. If you have debt on only one card, and four additional credit cards with zero balances, evenly distributing the debt of the first card could move you closer, and possibly into, that ideal bracket.
• Keep your existing accounts open and active. The average consumer is usually anxious to close credit card accounts that have zero balances, but doing this can cause them to lose the benefits of a long-term credit history and increase their ratio of debt-to-available credit. The bottom line is don’t close those old accounts!
• Keep credit inquiries to a minimum. Each inquiry into your credit history can impact your score anywhere from 2-50 points. When it comes to mortgage and auto loans, even though you’re only looking for one loan, multiple lenders may request your credit report. To compensate for this, the score counts multiple auto or mortgage inquiries in any 14-day period as just one inquiry, so try and stay within that time frame.
Remember, credit scores don’t change overnight. Improving them requires time and diligent effort on your part, so it’s a good idea to get the ball rolling at least three to six months prior to submitting your application for home financing.
If credit repair is what you need, you can either begin the process yourself or seek out a repair service. If you decide to make your own improvements, visit as many websites as possible to get information regarding credit laws and consumer rights. Diligently search through them and educate yourself to ensure that you don’t sustain any self-inflicted wounds. A good place to start would be the Federal Trade Commission’s (FTC) website, which contains a wealth of helpful literature.
If you’re facing severe or complicated credit issues, then you’ll probably want to enlist the assistance of a professional credit repair company. Before you do, be sure to familiarize yourself with the FTC’s regulations on credit repair. With over 1,100 credit repair companies to choose from, it’s important to be certain you are dealing with a reputable firm. Examine the FTC’s information on fraudulent practices to avoid falling prey to credit repair scams. Addressing credit issues can be uncomfortable to say the least. But by taking these steps now, you’ll be that much closer to obtaining the home of your dreams.Additional Resources:
To order your free credit report, go to:
http://www.annualcreditreport.com/To read the Fair Credit Reporting Act, go to: http://www.ftc.gov/os/statutes/frca.htmlForFor the Federal Trade Commission’s information on consumer credit, go to:www.ftc.gov/bcp/conline/edcams/credit/index.html"

Tags: understand credit score and credit repair

What Is A Credit Report and Why Does It Matter

What Is A Credit Report and Why Does It Matter
What Is A Credit Report and Why Does It Matter

"We've all heard of it. We all know we have one and have probably spent a fair amount of time thinking about it, but the fact of the matter is that most people have never seen theirs. So, what is it? Our credit report. Oddly enough, even though our credit report influences just about every aspect of our financial life, most of us have never even seen ours, let alone know what our FICO or credit score is. Not only will understanding your credit report help you make important financial decisions, it can also help you see just what it is that is keeping you from getting the credit that you may need.What Is A Credit Report?A credit report is a document that includes all your pertinent personal and financial information. It will contain your full legal name, your social security number, previous and current addresses, date of birth, and current and previous employers. This information has been obtained from any previous credit applications you have filled out.This report will also include information about any financial accounts you have now or have had in the past. This will include any loans, credit cards and their credit limits, monthly bills, and so on. It will also include the names of any other persons that may be responsible for payment on these accounts.Any financial situations that you have been involved in that are public record will also be included. This means that judgements, tax liens, bankruptcies, overdue child support, etc., will also show up on this report.Inquiries are also marked on your credit report. Anytime you apply for a loan, credit card, or anything that requires an institution to request a copy of your credit report, it will be noted.What Is My Credit Score and Why Is It Important?Basically your credit score is based on a mathematical equation that evaluates all the information on your credit report. The end result is called your FICO Score. FICO stands for Fair, Isaac, and Company, the organization that developed the scoring mechanism. This score is what will be used by companies to determine whether you are a safe financial risk or not. In order to even have a FICO score, you must have at least one open account on your credit report and that account needs to have been open for at least six months.Your score is influenced by your financial history. Outstanding debts past 30 days, consistent late payments on monthly bills, and any collection action that has been brought against you will determine what your score will be. Your credit score will influence not only the decision to give you the loan or credit card, but also the amount of interest to attach to the line of credit. The higher your credit score, the lower your interest rate and vice versa.Knowing and understanding your credit report is vital to getting a mortgage, car loan, and even renting an apartment or getting a job. If you have never seen your credit report, check it out soon. There is a chance that yours may contain errors and it's critical that you get those errors cleaned up quickly."

This is a very good article to help you understand your credit report. For further information you can also see the discussion "Understand Your Credit Report" at Online Credit Professor. Suzanne Busby, the Online Credit Professor, does an excellent job explaining your credit report, and how to fix any errors or problems you may find on your credit report. In her blog, Online Credit Professor Blog, she also give advice and tips regarding how to obtain your credit report for free, as well as other relevant personal finance topics.
Tags: understand your credit report

OnlineCreditProfessor.com-Credit Repair Agencies Can Help Improve Your Credit Score - Identity Theft Prevention

OnlineCreditProfessor.com
Credit Repair Agencies Can Help Improve Your Credit Score - Identity Theft Prevention
Excellent advice for determining if you need to use a credit repair agency to fix your credit.
This entry was posted on 2/12/2007 8:55 AM and is filed under Credit Repair,Credit Report,Bad Credit,Credit,Credit Score,Identity Theft.
Credit Repair Agencies Can Help Improve Your Credit Score - Identity Theft Prevention
"There are so many negative consequences to having bad credit. With bad credit you will have difficulty receiving credit, pay higher interest rates, and have difficulty getting employment or an apartment. In addition, bad credit can make it more difficult to obtain insurance, and with bad credit you will usually pay higher premiums.
There are several options avaiable for fixing your credit report ; however, we recommend that you speak to some experts before you decide on which course of action to take. Some of the better credit repair agencies are law firms who specialize in credit and credit repair.
New laws allow you to obtain at least one copy of your credit report from the three credit reporting agencies once per year for free. Start there first. The three credit bureaus are Equifax, Experian and Transunion. Get copies of your credit reports from each agency, and go over them with a fine-toothed comp for mistakes.
Make a list of any mistakes you find and send that list to credit bureaus. You are also looking for any fraud related activities. You'll find the instructions for doing this listed on each credit report. If there are any negatives items listed on the report whether you are liable or not, dispute them as well. If the creditor does not respond within 30 days, these negatives listings can be removed.
There are credit repair companies that will do this for you. Some credit repair services offer “No Risk” money back guarantees if negatives are not removed. You may only have to pay if negative items are removed.
There are also services available to monitor your credit and your identity. They notify you when any changes occur in your credit record and provide you free credit reports. In addition, services to protect your identity can prevent identity theft , the fastest growing crime in the US.
It is well worth your time to investigate and guard your credit. This could save you a lot of headaches in the future. "
LifeLock Identity Theft Prevention - Save 10%

Tags: bad credit report repair, identity theft prevention, improve credit score

Credit Repair For Dummies - Book Review

Stephen Bucci has written the ultimate guide to do-it-yourself credit repair, Credit Repair Kit For Dummies (Paperback). It is full of the tools and tips for fixing bad credit.

"Good credit. Bad credit. Damaged credit. Repaired credit. No matter how you define it right now, credit is a big part of your life..." You don't have to let your credit rating and credit score suffer needlessly from errors or outdated information. Use the tools and tips for fixing a bad credit report provided in the Credit Repair Kit For Dummies.

Bad credit reports can hurt your chances of qualifying for loans and credit cards, can prevent you from renting an apartment or landing a job, and also play a big part in whether or not you can get insurance, and how much you will pay for it. Credit Repair Kit For Dummies is the only guide you'll need to manage your credit — from fixing clerical mistakes on your credit report, to improving your credit going forward, to establishing manageable payment plans with your creditors.

In this credit repair guide you'll discover how to:

• Protect yourself from identity theft
  
• Improve your credit score
  
• Assert your rights under the FACT Act
  
• Maintain great credit
  
• Investigate your legal options

Credit Repair Kit For Dummies is the consumer's easy to use guide to fixing any credit problem. Bad credit can hurt a consumer's chance at qualifying for a mortgage, business loan, or other financial help, but fixing bad credit can be difficult for anyone who doesn't understand how credit reports work. Fortunately, Credit Repair Kit For Dummies covers everything you need to know about credit, helping consumers address their credit problems, pay down their debt, and get their finances on the right track. This kit gives readers a step-by-step process to repair credit problems and clean up a messy credit history themselves. You'll also learn how to fix credit report mistakes and deal with credit granting entities.

Tags: do it yourself credit report repair, Fair Isaac, identity theft

OnlineCreditProfessor.com - Applying for a Loan? What To Do If You Have Bad Credit

Here is some good advice about what to do before you apply for a loan from Suzanne Busby at OnlineCreditProfessor.com. Even if you have bad credit, you have options when looking for a loan. You should start the process at least 6 months before you want to apply for the loan.

OnlineCreditProfessor.com - Applying for a Loan? What To Do If You Have Bad Credit
"Applying for a Loan?--Start by Ordering Your Credit Report Now!
If you are considering applying for a loan, whether it be a mortgage or auto loan, ordering a copy of your credit report may well be the best place to start. Why? Because it’s the first thing a potential lender will be looking at, and even if you pay your bills on time, you will want to ensure that all the information in your credit report is up-to-date and accurate. Studies have shown that many credit reports contain inaccuracies that could affect your credit rating, and even lead to the rejection of your loan application. So, reviewing your credit report before applying for a loan may be a good idea, giving you time to dispute any negative or inaccurate items that may be the result of simple human error or a technical glitch. (For more information on loans, credit reporting, credit repair, identity theft, and many other financial issues, go to the OnlineCreditProfessor.com Blog.)
Depending on whether you are applying for an auto loan, a mortgage loan, or a loan for business or personal use, various lenders apply different standards in rating your credit worthiness. For this reason, obtaining your credit report and understanding how your credit history might be interpreted may give you a chance to clean up your credit report from the point of view of a lender. "

Check your credit report for clerical errors, unused credit, and late payments. In addition, avoid unnecessary inquires on your credit report, and make disputes for any inaccurate or fraudulent entries on your credit report. For more information, go to OnlineCreditProfessor.com.

Tags: bad credit, credit repair, credit report,credit score, mortgage loan, identity theft