repair credit score

January 25, 2012

BuildMyCredit, Inc., Informing Consumers of Credit Repair Scams, Tips, and Insights

Filed under: Credit Report Repair — Tags: , , , , , , , , — @ 8:52 am


BuildMyCredit, Inc., Informing Consumers of Credit Repair Scams, Tips, and Insights

Laguna Hills, CA (PRWEB) November 11, 2011

BuildMyCredit, Inc., a leading credit restoration company, is taking the steps to inform Americans about credit repair. For those who have finally decided to take some action getting to work on fixing their good old credit score, it is necessary to take the first step and enroll in a quality credit restoration process. This can save consumers money by leveraging good credit to qualify for lower interest rates associated with the purchase of a home, mortgage refinance, new car or even help to find a better job. Having good or bad credit seems to follow consumers wherever they go.

Is credit repair legal?

There is nothing illegal about credit repair. In fact, the Fair Credit Reporting Act(FCRA) spells out legal rights and protocols for disputing items on a credit report. Additionally, the Federal Fair Credit Billing Act (FCBA) allows the right for an individual to request broad amount of information regarding billing and payment history from a creditor. Basically this means that a company like Chase or Wells Fargo have to give consumers the right to investigate their payment history.

Consumers have the right to verify that the information located on their credit report is accurate, up to date, and verifiable. Credit agencies are obligated to report 100% accurate information. Many times credit reports are not reporting accurate information. Sometimes it may be as minor as reporting that payments are 60 days past due when it is really 30 days past due. This simple oversight is grounds to have the item removed from the bureaus. According to the Fair Credit Reporting Act only items that are unverifiable, inaccurate or out of date should be disputed by consumer. The law prohibits any information that is not completely accurate to be removed or updated. This is one of the many processes we utilize to repair consumers credit. There are so many processes that go into credit repair, working with a company who understands those details will eliminate many of the worries the average consumer faces.

Finding the Right Credit Repair Company
Doing a little research online is not a bad idea to help find a good credit repair company. The Better Business Bureau is not always the outdo place to start searching. Find out how yearning the company has been helping consumer’s repair their credit, do they have physical offices, do they serve their own consumers or sell them off to a 3rd party processing center. What does their merchant services track record stare like? Does the company offer a 100% money rearwards guarantee?

There are always questions of whether or not the credit fix firm that was chosen to retain is credible or not. There are many more ways to find out if you’re working with a reliable and credible credit repair organization.

1) Does the ascribe repair company encourage a consumer to break the law? This is the first red flag to watch out for. Some credit repair company do some rather questionable things and make false promises in order to mislead consumers. As a result the Federal Trade Commission (FTC) developed the Credit Repair Organizations Act CROA to police and regulate credit repair organizations. For example, it is illegal to change a person’s Social Security number in order to get a clear bill of credit. It is also illegal to simply dispute every item on a credit report regardless of its nature. Many organizations will try to use a global dispute process to get results. It’s kind of caring throwing something against a wall and hoping that part of it sticks.

2) Does the credit repair company charge advanced fees? This is a big no-no. No credit repair organization can charge any progressed fee for work that has not been completed. According to Jonathan Emmons, Case Manager at BuildMyCredit.com, “We process every document, prepare every letter, and review every credit report before we even prepare an invoice. Once we’ve done what we indicated we would do for our clients we simply ask to be paid. I am amazed at how many companies charge upfront fees to do credit repair when the law expressly prohibits this.”

3) Does the credit repair company clearly indicate what they’re going to do in a contract? Everything must be in writing. No matter what, be sure that the company of choice has a contract that clearly outlines their duties and obligations to the consumer. The contract should disclose how much it will cost, and how a consumer can cancel or back out of the contract.

4) Does the credit repair company have a website that clearly shows what they do and how they do it? Doing a little online research never hurts. Looking at a companies website and reading through all the okay print and can save a lot of time. A full example of a credit repair website that offer a strong credit repair service is http://www.buildmycredit.com.

5) Does the credit repair company promise that they can remove items from a credit report? There are no guarantees a quality ascribe repair company can actually achieve results. It’s important to understand that every impute repair company on the market should do its best to assist their customers getting clean credit. However, no one can guarantee or promise what another company will or will not do. The process take time to complete and a diligent credit repair company will remain on the job to get the results they’re look for on behalf of the client. Many credit fixed companies offer a monthly service fee and what is commonly called a first serving fee. These are common fees to expect to pay in doing reliable credit repair. Consumers may cancel service at any time but the longer they remain on a credit repair program, the more likely of receive favorable result.

Regardless of which company consumers select to hire to help fix their credit, it’s important to understand that the process of credit fix is 100% legal. There are reliable credit repair companies prepare to assist consumers in the market place today. The process can move clock so don’t expect instant rewards. Patients and diligence will help get the best results for obtaining a strong credit rat and score.

For more information about how BuildMyCredit.com can help you log on to http://www.buildmycredit.com or call them today for a free credit repair consultation at 1-855-4BUILDMYCREDIT or 1-855-428-4536.

BuildMyCredit, Inc.
23152 Verdugo Drive, Suite 160
Laguna Hills, CA 92653
(949) 916-5331
marketing(at)buildmycredit(dot)com

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



August 23, 2011

Credit Liaison Founder & CEO Begins Petition To Ask Congress To Change The Fair Credit Reporting Act To Benefit Consumers First Before Big Business Interest

Filed under: Credit Report Repair — Tags: , , , , , , , , , , , , , , — @ 4:56 am


Credit Liaison Founder & CEO Begins Petition To Ask Congress To Change The Fair Credit Reporting Act To Benefit Consumers First Before Big Business Interest

Credit Liaison Logo

Miami, FL (Vocus) March 17, 2009

Miami, FL March 16, 2009– Tell consumers “Credit Repair” is not a dirty word like the Federal Trade Commission (FTC), Creditors or the Credit Bureaus would have them understand. In the midst of a broke economy and over 1.5 trillion in bailouts with Consumer money, it yet remains hard for Consumers to address their credit issues. “Bad Credit is large business” says Anthony Martinez, Founder & CEO of Credit Liaison, a credit repair company taking the conduct on consumer advocacy. Credit Liaison has pose away a Petition seeking 100,000 signature asking Congress to revise the language of the Fair Credit Reporting Act so that it benefits the consumer better.    

Credit Liaison is leading a first ranging Consumer fight to help hard working Americans with their credit. Aside from the strongest techniques that force Creditors and the Credit Bureaus to delete negative inaccurate information from Consumer credit reports, Credit Liaison is asking Consumers to subscribing the Petition and get Congress to comprehend. “The facts are in and they’re not pretty at all” says Anthony Martinez. “If over 70% of the information the Credit Bureaus report is inaccurate isn’t that abuse? If Creditors re-age items on a consumer credit report for profit isn’t that fraud and abuse? Most Debt Consolidation companies are either owned or affiliated with the Banks who own Consumer credit card debts. They never tell Consumers that they will basically pay indefinitely if they use their services in some cases” says Anthony Martinez. Debt Consolidation companies report Consumers to the Credit Bureaus which actually has a negative effect on a Consumers credit report according to Credit Liaison sources.

“Indeed consumers need to be responsible and pay what they owe, but when over 70% of the information reported on a consumer credit report is inaccurate, what does that really say about the systems that are in place to fix it?” says Anthony Martinez. The legal remedy Congress has in play with the Fair Credit Reporting Act allows for $ 1,000 per violation according to the FCRA. “To a billion dollar industry that’s like throwing a pebble at an iron door” says Anthony Martinez. “Congress needs to make it more equitable for the Consumer. Raise violations to $ 5,000 or $ 7,500 per violation. Respond to acts of inaccurate reporting by Creditors by setting a violation limit whereas if they report more than say 50 accounts inaccurately in any given month, they are barred from their ability to report to the Credit Bureaus for a certain period of time.”

“The Fair Credit Reporting Act is comprehensive and identical confusing to the average American” says Anthony Martinez. “It is only right that they have a venue to turn to when they want to restore or address their credit issues without having to pay a lawyer $ 200 a hour to do so. Indeed every Consumer can repair their credit on their own but they can also fix their cars on their own or do their own hair. Most Consumers turn to the experts to get these things done and so many are now turning to Credit Liaison to fix and ask their credit reports.”

Credit Liaison is a credit restoration company built by litigation expert Anthony Martinez and is dedicated to helping populating fix their credit reports and address their debt problems. He is the President & CEO of Litigation Logic, a litigation support company that specializes in electronic discovery and digital solutions for complex litigation matters. He is also the CEO of Really Hot Music, Inc., an urban sovereign recording calling. As a consumer advocate Anthony Martinez and Credit Liaison as a whole are asking populating to sign their Online Petition even if they are not interested in fixing their credit to help sponsor other Consumers that need it.

Contact:
Anthony Martinez
Phone: (305) 529-7100

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Attachments

Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



June 22, 2011

Consumers are Using Credit Repair to Fix Their Credit Reports and Optimize Their Credit Scores

Filed under: Credit Report Repair — Tags: , , , , , , , — @ 10:54 pm


Consumers are Using Credit Repair to Fix Their Credit Reports and Optimize Their Credit Scores

(PRWEB) May 26, 2005

“People are finding out that credit is affecting almost every aspect of their financial lives” says Scott Brown a fair attributing reporting advocate and author of a web located named “Credit Repair” (http://selfhelpcreditrepair.blogspot.com).

Credit repair information is in high demand these days and for good reasons. Deleting negative items on your credit account can save you hundreds of thousands dollars in mortgage interest alone. With your attributing rating affecting former things such as insurance premiums, credit card and auto apr’s, getting an apartment, or even getting a job, it could be financial suicide not to optimize one’s credit report.

Until recently doing imputed repair was left up to attorneys or services that specialized in it.

“Credit repair has been a well kept secret. Until the last 4 or 5 years consumers were left in the dark when it came to understanding their credit reports and credit scores” Scott goes on to say.

Scott also attributes much of the thirst for credit knowledge to Identity Theft which affected nearly 10 million consumers last year.

For more information on credit repair and other credit related issues you can go to Scott’s free credit repair site at:

http://selfhelpcreditrepair.blogspot.com
http://creditrepaireducation.com

Or become a member of his new Yahoo discussion group for credit repair:

http://finance.groups.yahoo.com/group/creditrepair/

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



June 20, 2011

Leading Credit Repair and Debt Settlement Agency Announces New Program to Help Consumers Lower Interest Rates

Filed under: Repair Credit Score — Tags: , , , , , , , , , , , , — @ 10:01 pm


Leading Credit Repair and Debt Settlement Agency Announces New Program to Help Consumers Lower Interest Rates

Miami, Florida (PRWEB) September 16, 2008

Credit Heaven (http://www.CreditHeaven.com ), the nation’s premier credit repair and debt settlement firm, is delighted to denote their unexampled Rate Busters program. Designed as an orderly and streamlined approach to lowering interest rates, the unexampled program will assist trim future defaults on loans and assist salvage consumer credit ratings.

“By reducing a member’s interest rates and monthly loan payments, the client’s money is working to pay off the principal – actual debt – instead of just interest on the debt,” said Ada Johansen, president of Credit Heaven. “A reduction in loan payments usually means a reduction in the number of defaults on loans, which only strengthens consumers’ credit scores and their financial strength, while decreasing accounts that go to collections for the creditors. This is a ‘win-win’ program all around.”

The Rate Busters program is only available to clients already enrolled in Credit Heaven’s credit repair services. Credit Heaven cannot guarantee success, but as with all other services provided by the firm, clients only pay if the service is successful.

“If we assume’t winning in reducing your interest rates you assume’t subsidized,” Johansen said. “The program we are announcing today will provide affordable solutions for eligible consumers without impacting their credit rating.”

About Credit Heaven

Credit Heaven is a credit repair firm that offers its clients the utmost attention to detail and premier customer service in the business of credit repair, monitoring and debt settlement. The company offers specialized services for each individual client and safeguards members from unscrupulous loan officers. For more information, please contact:

Ada Johansen
Credit Heaven
888 474 4705

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



More Repair Credit Score Press Releases

March 9, 2011

Credit Repair Shocking Insights

Filed under: Finance — Tags: , , , , , , , , , , , , , , — @ 3:32 pm
Ian Webber asked:




Credit Repair and Credit Scores

Credit repair is on everyone’s mind these days. And credit scores are for sale everywhere. There is only one problem. None of these advertised credit scores are the same as the credit scores that lenders use when making credit decisions. Whoa. That’s right. People spend huge amounts of money to buy credit scores which they mistakenly believe are relevant to their life. What the heck is the story? You want to know? Okay. I’ll tell you!

Lenders Use FICO Scores

Lenders use a type of credit score called the FICO score. FICO stands for Fair Isaac Corporation, the creator of this important score. The credit bureaus gather consumer credit data and run their data through the FICO credit score software to produce the scores that lenders use to make decisions.

Avoid Knockoff Scores

If you are starting a credit repair project or plan to get a loan in the near future and want to know where you stand you should purchase your FICO scores. But if you buy your scores from one of the credit bureaus websites you will get the bureaus own proprietary scores. And you will be no wiser than you were before because these knockoff scores can easily be 100 points different from your FICO scores; deceptive for your loan information, and useless for benchmarking your credit repair.

It’s About Money Honey

Alas, the credit bureaus realized they could make more money by creating their own version of a credit score and selling it to the public. If they sold genuine FICO scores to consumers they would have to pay fees to Fair Isaac. Lenders demand FICO scores; it’s a simple fact, they would never settle for less. Consumers on the other hand seem to be clueless. But there is a reason that consumers are clueless, the credit bureaus don’t offer any transparency, just a sales pitch.

Credit Repair and the Right Stuff

It’s all about your FICO scores. If you are going to benchmark your credit repair effort or plan to get a loan these are the only scores that matter. And you can get them online at the website for Fair Isaac Corporation, MyFico.com. The cost is about $50 for all three scores. Now are your ready to hear how these important scores work? Here is a mixture of the information published by Fair Isaac and some practical credit repair tips from yours truly, and I do know a bit about this, so listen up.

Major Credit Repair Weight

Fair Isaac is happy to tell you that the major part of your credit score is based on two categories. These are your payment history, weighing in at a hefty 35% of your score, and your account balances, tipping the scale at 30% of your total score. This is a bare bones fact, and much useful credit repair info is left unsaid, so I guess I’ll say it. If you care about your credit scores you need to focus on your revolving balances.

Revolving Account Bombs

Revolving balances are the lynchpin of your credit scores, and hence your credit repair effort. You can have a decade of perfect credit under your belt. You may have paid off a dozen cars and made every payment on time, but if you run up your credit card balances to the max and then check your credit scores you are in for a rude awakening. Maxed out credit cards will devastate your scores. Do you want some numbers? Okay. A maxed out card can erase 100 points from your score. An over-limit card can knock 150 points off; it’s a credit repair disaster. But wait, there is more.

Credit Repair Leverage

I don’t want you to feel like this is all bad news. Revolving debt is conversely the most powerful credit repair tool you have at your disposal for pumping up your scores. FICO recognizes 5 different balance tiers: 20, 40, 60, 80, and 100 percent usage. If you are getting a loan in the near future and have the resources to pay your balances under 20% of the limit your scores will be shining.

The Rest of the Story

The other ingredients relevant to your credit repair task include the age of your accounts, coming in at 15% of your score, new credit and inquiries at 10%, and the type, or mix of credit at the final 10%. These remaining ingredients are minor and for most people will take care of themselves as life goes on. I should, however, add that it is valuable credit repair advice to avoid opening new accounts before applying for a major loan, and to keep those inquiries to a minimum. Cheers!

Copyright

September 22, 2010

Credit Repair Companies – How to Find Help With Raising and Managing Your Credit Report Score

Filed under: Finance — Tags: , , , , , , , , , , , , , , — @ 1:30 pm
Frances Hobsons asked:




In the period of recession, many repair companies came in the existence. There are many credit companies in the market for the help of consumers who are suffering from bad credit score. As we all know the importance of good credit score in our life, it is very important to maintain and raise the credit score with the time. It is very difficult to search and find the trustworthy repair companies in the market so we have to be alert when we choose the credit repair company. Once you find the good company then it will take all the responsibility of your debt.Now it is time to know how these credit companies will help you to manage your credit report score.

(a) Do not go for part payment, always do the full payment. It is always considered as a bad practice to make part payment by the repair companies. This will affect your credit report directly.

(b) Always remember your payment due date, utilize your bill cycles and make your payment is before or on due date.

(c) Every credit card has its maximum limit; do not go out of your credit card limit. Try to control your expenses.

(d) The experts of repair companies will guide you, how to eliminate the debts quickly that will raise your credit score quickly.

(e) Apart from manage the cards you should also control your accounts i.e. your income and expenditure.

(f) Credit bureaus examine your credit report time to time, read the financial transaction carefully and find the wrong information in the reports. If you find any wrong information in your report, forwarded it to your creditors with dispute letter to rectify the transactions and also send supporting documents along with the same. It will also increase your credit report score.

This is how repair companies will help you with respect to credit score and take care of your debt management. With the help of these companies we can always raise and manage our credit report score in the positive direction. They are full of expertise for this business.

Robin

June 2, 2010

How to repair your credit report in 45 days

Filed under: Howto — Tags: , , , — @ 3:47 pm
maynard572 asked:


Credit Repair is such a need www.tapsystem.net and i am so happy to provide usefulness to the consumers. There are others with very powerful information. Here are some: For More Info Call Me: Maynard Munroe 516-410-5545 www.tapsystem.net For More Info Call Me: Maynard…

Judith

May 26, 2010

How Long Does It Take To Repair Credit

Filed under: Finance — Tags: , , , , , , , , , , , , , , — @ 7:21 am
Laurence H. Michelson asked:




If you have credit problems, it is realistic to consider credit repair. Understanding credit and the effects that bad credit can have can be hard for most consumers and they have a lot of questions. As a credit repair specialist, here are five of the most common questions that I have encountered:
*What will be affected by my credit problems? *Is it possible to repair my credit? *How long does it take to repair credit? *Can I repair my credit myself? *What are the benefits of hiring a credit repair specialist?

First of all, if you have credit problems you need to understand the effects that it can have. Most creditors use the FICO score to assess the risk that they are taking on by lending you money or selling you things on credit. The lower your score is, the higher their risk is. If you have a low score, your application will most likely be denied and if it is approved, you will most likely be charged a higher interest rate and you may get a shorter term. A low score can even make your insurance rates higher and bad credit can keep you from being hired by some employers.

Secondly, you need to know that credit repair is possible. There are a lot of creditors, and even government agencies, that discourage people when asked, “Is it possible to repair my credit?” It is true, your credit report contains history and in many instances, history just can’t be erased. However, a lot of the reports that I have seen that are calculated into the score are erroneous. They are flat wrong, they were not reported or updated in a timely fashion, or they are in error when it comes to consumer protection laws. All of these can be removed from your credit report thus improving your score.

Third, I will answer the question, “How long does it take to repair credit?” Your score simply cannot be improved in less than 30 days. If you work the system it takes at least 35 days to see any improvement. Over a period of six months, your score can be drastically improved if there are erroneous reports on your file.

Fourth, “Can I repair my credit myself?” You can attempt to repair your credit yourself; however, there are a lot of confusing things to deal with. Taking things off your file that are clearly not yours is easy. You just fill out a dispute form and if the creditor can’t prove the report is legitimate within 30 days, it will be removed from your file by the credit agency. Let me ask you, “Are you comfortable with your knowledge of your rights as a consumer?” If not, you will probably get better results by hiring a credit repair specialist.

Fifth, there are many benefits to working with a professional to repair your credit. You won’t have to deal with the stress first of all. You also will have a representative with knowledge of the credit system and consumer protection laws working for you.

**FICO is a registered trademark of Fair Isaac Corporation.

Francis

May 7, 2010

Credit Repair For A Bad Credit Score

Filed under: Finance — Tags: , , , , , , , , , , , , , , — @ 10:00 am
Blake C. Hendrickson asked:




Those consumers that are searching for credit repair for a bad credit score are often left wondering what their options for help are. There are several routes that one can take when looking to change a bad credit score, all with their good and bad points.

There are many agencies out there that are more then happy to offer assistance to consumers looking for credit repair for a bad credit score. Most financial experts and consumers alike have mixed feelings about the helpfulness of these credit repair agencies. On the plus side these companies can assist you in not having to deal with collection agents that can get downright verbally abusive which can really take the load off someone’s shoulders. However many that are looking to repair their bad credit score have had credit repair companies not send their payments in on time which lead to their credit score situation becoming worse. Companies that offer theses types of services can be rather expensive.

You could also contact a lawyer that deals with credit and other financial issues to assist in fixing your bad credit score. In this instance many people feel very confident as the are dealing with an attorney, the only real downside here is that attorneys that will help in the repair of a bad credit score are likely to be more expensive then what most can afford.

An option that is becoming more and more popular with consumers on a mission to repair their credit score is fixing their credit themselves. Many people worry that this method isn’t the best route to take, as most consumers don’t believe they are as well informed as professionals in the credit repair arena. This is really not true at all as with a little research into self-credit repair you can be successful in raising your credit score after all you are definitely your best advocate. Best of all this method of credit repair for a bad credit score will cost you little to nothing.

Craig

February 12, 2010

Credit Cards to Repair Credit-Everything You Need to Know

Filed under: Finance — Tags: , , , , , , , , , , , , , , — @ 7:08 pm
Jodi A Bennett asked:


With the current financial crisis, people are trying their best in order to keep their finances in control. This includes credit cards and the way consumers manage them. Credit card balances with high interest rates may translate into bad credit ratings and this can affect how they can avail of mortgage loans or other types of loans. Credit cards basically are also a type of loan. The credit card company ensures or loans you a money balance that you can use or max out from simple grocery purchases to airline tickets. The consumer or credit card holder then has to pay back this amount with an interest. The interest rates for every credit card company may vary. There can be late fees when people are not able to pay their card balances on time, and worse their credit standing goes bad if they are not able to pay back the credit card companies at all.

Because of the bad credit standing, people may find it hard to get a loan or a new credit card. But there are credit card companies that allow people with bad credit standings to open a new credit card account in order to repair their credit standings.

Credit cards to repair credit can be secured or unsecured credit cards. The secured debit credit card allows consumers with bad credit standings to have a credit card that has collateral or security. The collateral or security can be a bank account that needs to be maintained at the bad credit card company or issuer. The credit limit for these types of credit cards is determined by the balance being maintained in the account. This allows the credit card user to have the convenience of using a credit card. This also allows the credit card holder to control or budget the amount that they can spend on the card. The credit card company also benefits from this because they can get the payment from the bank account of the credit card holder in case of default.

Another type of credit card to repair credit is the unsecured credit card or regular over-all credit cards. These regular credit cards allow consumers to transfer balances from credit cards that have high interest rates to one that has lower interest rates and fees. Because of the high interest rates, some consumers may not be able to pay their principal balances because they only get to pay the minimum and the interest from the remaining balance gets accumulated. With this type of credit card used to repair credit, it more of the management of repaying the balance incurred from the credit card with the higher interest rate.

Both credit cards are ways in which a person can repair their credit standings. By getting credit cards to repair credit, the consumers are good into good credit standings because it will show that they are able to pay their monthly dues in time without any penalties. These credit cards are being offered by credit card companies to consumers, even those with bad credit standings.



Rose
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