Tony Banks asked:




Do you, by chance, belong to the group of people who think it takes a genius or at least a college professor to clean up a really bad credit report? If that’s your take, then you’re absolutely wrong!

You see, the many problems people have with their credit profile are easily solvable and they do not defy solutions which we can provide ourselves. There are two sides to this: the preventive approach and the curative one. I’ll take time to explain the important basics you should know about credit repair in a simple way.

Preventive approach: to avoid getting into bad credit problems, make it a ritual to check your credit file at least once a year with the intention of finding out if there are mistakenly reported information or negatives that need to be tackled immediately. This way, you are in control and can always act immediately before it gets ugly.

Also, reducing your expenses on credit cards to a manageable level will cause a significant increase in your score over a period of time. Now what I’m about to tell you ain’t no joke, seriously! It is really a great idea for you to keep the expenses you make on cards to below 20 percent of the total amount you’re given as limit on your card. You can’t go wrong if you try this, trust me.

Curative approach: your rating is pretty bad. So what? Just find out which repair method you want to use in cleaning off negatives. There are two ways you can do this. You can either get a restoration kit, which usually comes in a form of e-book, or do it yourself step-by-step, or you simply register for a repair program with a professional credit repair agency.

Remember that no one is responsible for how your financial life looks like. You want that mortgage loan so bad on your own terms? Easy. Follow these rudiments I have showed you and start fixing your file fast! Good luck.

Darryl

Nora Hansell asked:




Consumers need to know that as of February 14, 2009, Experian based FICO scores and reports, previously available at myfico.com, are no longer available to consumers. As Barry writes at myfico.com, “The change will be effective on February 14th, 2009. While Experian’s decision eliminates the consumers’ ability to see their own FICO

]]> http://free3creditreports.org/finance/credit-repair-advice-for-consumers-fico-credit-score-changes/feed/ 0 http://free3creditreports.org/finance/transunion-equifax-experian-on-the-collection-companies-lied-to-you/ http://free3creditreports.org/finance/transunion-equifax-experian-on-the-collection-companies-lied-to-you/#comments Wed, 05 Jan 2011 10:48:23 +0000 admin http://free3creditreports.org/finance/transunion-equifax-experian-on-the-collection-companies-lied-to-you/

Jeff Boyce asked:




TransUnion, Equifax and Experian Lied to You!!!

During these VERY TOUGH real estate and mortgage times – what’s the only PROVEN WAY that will genuinely help you improve your credit scores – and help you fix your bad credit?

The answer is: You must FIX your bad credit and rebuild your credit reports the CORRECT WAY. If you can legitimately fix your credit – then YOU can buy a house in 30 days to 6 months from now – right? Since most Realtors know very little about GENUINE credit repair, let a true credit expert share with you what it “really takes” to fix credit legitimately…

As a top Denver Realtor and owner of Mortgage Specialists, I’ve personally closed nearly $100 million in real estate and mortgage business since 1998, since earning my Bachelor of Science at The Ohio State University and my MBA. My professional mortgage experience helped me become a true Credit Repair expert, and I’ve helped thousands of people nationwide to repair their credit to get mortgage financing. You can read much more detailed information on my Credit Repair System here, but let’s cover the basics so you can fully understand how you can increase your credit scores by 25-100+ points or more – and ultimately buy a homes this year – as statistics show that 26.7% of all buyers have credit report issues STOPPING them from buying. The 3 primary reasons buyers have credit below 620 is because they:

o Don’t pay their bills

o Had a period of time they (or their spouse) was unemployed or had a medical situation

o Don’t know how to positively “manipulate” their Equifax, Experian and TransUnion scores

The people who don’t pay their bills will take enough responsibility to stop renting and work to repair their credit. The other two categories we can help! You’ve just never had anyone guarantee that you could get help to fix your credit once-and-for-all, so that YOU could actually buy a house and stop renting forever. Now you can…

First of all – you have TWO GIANT PROBLEMS to deal with when attempting to fix your credit reports.

1) You MUST clear up and fix old collections and derogatory items in order to boost your credit scores,

2) You ABSOLUTELY MUST have a strategic plan to implement TransUnion, Equifax and Experian’s internal methods and ranking formulations which radically raise (and lower) your credit scores on a monthly basis.

Nearly ALL credit repair companies and attorney’s on Google, Yahoo, MSN and those listed in your local Yellow Pages charge you a fee to fix problem #1 above (which any person can learn and do if they spent an hour reading about credit repair online – which I’ll show you below!)

But Here’s The REAL Problem…

If you ONLY try and fix Problem #1 above – like 98% of ALL American’s mistakenly do – then most likely then, you WILL NOT qualify for a mortgage loan after paying $1,000 to $1,800 at these negligent credit repair companies. You absolutely must understand this – and that you have to “kill the beast” that caused your bad credit AND – yes AND, you must take a new proactive, immediate plan to get your scores to radically increase in the next few months. If you just do #1, then your scores WILL NOT go up that much at all…

You MUST FIX BOTH Problem #1 and Problem #2 in order to radically INCREASE your credit scores!!! Am I totally clear with you on that point? Here’s why you must fix both problems…

Most credit repair companies WON’T TELL you this when you sign-up to use their credit repair services! Why don’t they do that? After all, that’s why 99% of individuals do credit repair in the first place; to be able to qualify to BUY or REFINANCE their house or a car!

The answer is simple…most credit repair companies DO NOT have a vested interest in your ability to get a mortgage or car loan! A vested interest means that they would be working 100% on your side to help you do whatever it takes to get a mortgage loan or car loan for the $1,000 to $1,800. Guess what? They are NOT in the mortgage business. They are in the credit repair business and SHOCKINGLY – they will NOT do what it takes to get you a mortgage or car loan if you’d mistakenly hire them.

“PLEASE” Don’t Let Them Ruin Your Opportunity to Get a Mortgage Loan!

As a matter of fact, nearly 95% of these bad credit repair services tell you HORRIBLY INACCURATE information that will cause the majority of you to get “disqualified” for mortgage loan instead – just the opposite of what you really want!!! I couldn’t print that statement if it was false or they’d all sue me for liable. But guess what, I’ve been doing expert credit repair for my mortgage clients since 1998 and we genuinely help our clients GET mortgage loans after we do HONEST credit repair for them!

Let me give you a quick idea on how I just helped the Harris’s in Houston Texas, as they had been declined by 4 other lenders until I got the phone call. They had a 658 mid-fico (a good score) when I started with them February 8, but their credit score and debt-to-income ratio was too high to qualify for the $280,000 home they wanted. I had them liquidate a 401(k) and pay down (not off!) 5 of their high balance credit cards to my ‘magical formula’ percentage instead, plus pay an old outstanding $198 medical collection that was about a year old. Now, they have a 699 mid-fico when I just re-pulled their credit reports on March 31. Coincidentally, their monthly minimum credit card payments DROPPED significantly too – and NOW the Harris’s DO QUALIFY for a 30-Year Fixed rate conventional loan at 5.875% at my company. This is what I do for a living…and why I do so much mortgage business (and real estate business in Denver.)

You see, I can look at anyone’s Tri-Merged Credit Reports and in 2 minutes tell you how many points I can INCREASE their scores by doing pro-active credit repair – and I can give you an accurate estimation on how many months (or years) it will take them to qualify for a good FHA or other loan. I’m so confident about my credit repair abilities that I’m the only guaranteed Credit Repair Program in the USA that pays your buyers DOUBLE their money back if I can’t help them improve their credit scores by 25-100+ points AND get them a good mortgage loan. I DON’T DO the stupid credit repair scams that dispute “real collections and charge-off’s” …as that never fixes anything! I genuinely show buyers how the can legitimately “manipulate” their credit reports by paying down credit cards to below 50%, adding car loans to get new credit after 6 months, getting 2 secured credit cards and other ‘secret’ stuff that works – but takes time!

Typically, I can help many people become buyers in 3, 6 or 9 months of doing REAL credit repair. And since 26.7% of all potential buyers in the United States need credit repair help – you might as well work with a partner who genuinely wants to help YOU to sell them a house and earn your real estate commissions. With my personal PROVEN Credit Repair Strategy and Credit Score Improvement System – and my 9 year track record of high success – I’ll genuinely help or your agents sell more houses. You and your clients are given a written Credit Analysis once I pull their credit and determine “what” it will take and how long it will take me to help them achieve a home loan.

So, if you’re interested in selling MORE homes during these tough real estate and mortgage times – then email me or read more about Credit Repair Help here.

Bill

Helen Hecker asked:


These are just a few of the best credit tips and facts to help you improve your credit report and score and give you some ideas for fixing or repairing your credit. When buying a car get pre-approved first at your bank or credit union for example, because car dealers will contact several companies in an effort to get you the cheapest rate and this will affect your FICO score because you’ll have several hits at one time on your credit report.

It’s often recommended to drastically reduce your credit card use leave your credit card at home. However many people find it hard to do this if they need to carry it in case they need to call for a tow truck or other emergency. Weigh the risks.

If you can’t make your payments on time, contact your creditors immediately. Always be proactive when it comes to any debt you have. Develop a simple plan to repay your debt, and do your best to follow that plan even if it’s only to pay a small amount each month.

If you contact your creditors write down the specific names and phone numbers of your contacts at the companies. Follow up any phone conversations with creditors with letters confirming any agreements you’ve made.

Keep in constant contact with your creditors until you resolve your credit problems. Bankruptcy should not be the first solution to your financial problems. It doesn’t wipe your credit slate clean or give you a fresh start because it stays on your credit report for up to ten years.

The ability to buy a car, and/or get a home loan absolutely depends on your credit history and score. Some employers will use your credit score in their evaluation of you as a future employee.

What is FICO? FICO is a three-digit number that determines the interest rate you’ll pay on your credit cards, car loans and home mortgages and determine whether you’ll be able to get a cell phone or have your rental application for a house or apartment accepted or declined.

What does FICO stand for? It’s an acronym for Fair Isaac Corporation. Your FICO score is the biggest factor in determining your credit rating with lenders.

The average amount of time it takes to “clean up” any serious negative credit history is seven years. A higher FICO score puts you right in line for a lower interest rate on a loan or credit card. Any time you apply for a loan of any kind your FICO score will take a hit.

High school students are thought to be one of the easiest targets by credit card companies because it’s known they’re uninformed and eager to spend.

Simple but true: the only way to avoid credit card debt is to never use your credit card. A good guideline – always use your cash, not your credit cards for food, movie tickets and anything less than $10.00.

A good plan to follow when paying on any debt is to pay a little bit before the due date and pay at least a few dollars more than your scheduled payment. Pay your credit card debt online to avoid finding out that your mailed checks haven’t arrived on time and pay these three to four days ahead of time at least.

When paying credit card bills online, be aware that sometimes the site can be down for emergencies or maintenance or you may have a problem with your ISP. Pay a few days early if possible.

You’re entitled to an annual free credit report online from each of the three major credit report bureaus. Make sure to check for errors. You may find someone else’s name and debt on your report, an incorrect birth year, etc.

These are just a few of the best credit tips to help you with your credit report and score and repair. The more you can learn the more you’ll be able to raise your FICO score and help your credit history.



Wanda

Tom Jerico asked:


A free credit report these days can help you keep a watchful eye on your credit more than you know. Don’t pass up the chance to get your free report. It’s sometimes hard to face the music when it comes to credit. A lot of people like to in effect, stick their heads in the sand when it comes to credit issues.

You can be assured that this is just a recipe for disaster. One thing about credit and bills is that they do not go away until you pay then off. Accepting that you can control your credit today will save you many years of worry and hassle. It all starts with responsibility and saying to yourself that you can do it and you will keep a watchful eye on your credit. After that, it’s all downhill.

When you first get your credit report do not freak out. Take a deep breath and tell yourself that this is going to be a new beginning for you. Next, sort out all of your bills and then get to work. Once you have everything in order it will be that much easier to keep a blazing eye on your credit. Keeping things in order is the single most important thing anyone can do for their credit.

Next, get your free credit report. Everyone is allowed one free report from each of the three credit reporting agencies per a year. You can hop on over to freecreditreport.com which will help you in one place to do this.

If you haven’t obtained your free reports during any calendar year you should be able to get them online. If not, you will have to get them by mail. Remember the single most important thing you can do is to start something today. Stand up and tell yourself that you can and will keep on eye one your credit.

No one else is going to do it for you. If you are still having trouble with your credit, you may want to enlist the help of a credit repair agency. You have to be careful here because some of these organizations are funded by the major credit card companies themselves.

Try and pick one that is a non profit agency close to your home to work with. There are many organizations all over the United States. One place you can start is with the internet. Go to a major search engine such as Google and type in credit help or credit repair agency and then your zip code. You may have to try a few different keywords until you find one that is close to you.

Remember to go past the first few pages in the search engine. You can find many great websites that are not listed high on the first page. Just save your search if you need to stop and come back. As you can see this is a start to a great plan to get you back on track with your credit if you have not taken the action that you needed to in the past.

Start slow and you will be on a new path to greater and new financial rewards.



Cory

Hector Milla asked:


Internet has made it easier for credit report agencies to effectively manage their clients’ reports.

The consumers are also able to get their reports online within minutes of making the request compared to the number of days it takes if you request through mail or phone. The best thing about this is that you can get online companies that are willing to extend to you the services free of charge.

Hector Milla Editor of the “Best Credit Reporting Services” website — http://www.CreditReportsAndScores.biz — pointed out;

“… The Internet technology makes it easier for the credit report agencies too to gather and compile information about you that makes up the reports. These include all recent financial activities such as loans borrowed and your paying habits. Any of your arrest information is also available. When requested by lenders, the agencies can send the reports immediately online and this way, you get faster services as compared to if the lender has to wait for a couple of days before he/she can access your report …”

Your free online credit report will enable you identify any credit mistakes that might have been included or omitted important information. You can then make a prompt dispute to the relevant company requesting them to make the corrections. Credit repair is much easier and faster online and the good thing is that you make follow ups on your own to make sure the information is updated.

“… The online technology also allows regular checking of your credit reports and this could save you a lot when it comes to errors. You can identify errors in time before they lead to loan requests being denied from lenders or getting high interest rates because your credit rating is low. Many people are reluctant to check their credit reports but with the online way, it should be easy since it is time saving …” H.Milla added.

You should scrutinize all websites offering free credit reporting and not just going for any as some of them may be scams. It is important to keep your credit card information safe since you never know who might get it. Identify theft cases are common online and this happens when the wrong person gets your details.

Further information about how to get a detailed credit report including scores and as often as you want by visiting; http://www.BestCreditReportServices.com



Claudia