Archive for September, 2008
http://www.highrisecreditconsulting.com
Call 866-999-4722 Dan from High Rise Credit Consulting just released a new video which gives you a run down of why you may need Credit Repair. This company is famous for how they go about repairing your credit. Not all credit repair agencies are the same. Go with the best!
Duration : 0:3:47
When I told some of my friends that I am writing a blog about how to clean credit up they were only slightly interested. They didn’t share my belief that repair to credit is a vital step in becoming financially secure.
I said that having a good credit score was important if you want to learn how to become wealthy, but the message didn’t really seem to be getting through.
This point of view is really common and is summed up perfectly by this blog post by Julie Tilsner:-
http://www.walletpop.com/blog/2008/09/05/my-fico-score-means-nothing-to-me/
The following sums the post up:-
“Who cares if I can get the best rates on a home loan when my income is too low to qualify for one? Houses in Southern California, where I live, are still hovering in the $500K arena, although prices are dropping every day. And with no parental help, no rich uncles to inherit from, and no doctor husband, the chances of me saving a 20% down-payment are pretty much nil.”
When I read this I immediately wanted to address it because no matter how many repair credit/ bad credit tips I give, they are worthless if you don’t know why you are trying to up your score.
Enter Gill Fielding who is one of the leading authorities on financial education and helps thousands of ordinary people how to become rich. I read the following on her website:-
http://www.wealthcompany.com/tools/newsletters/august_2008__secret_millionaire_240708.phtml
“It has never been as important as it is now to make sure your strategy is solid, that your education is right, that your credit score is as good as it can be and that you are as driven as possible.”
This is really highlights the huge difference in mentality between a smart investor and the average financially undereducated person.
Question:
A friend has some late payments and some old credit card bills as well as an incorrect item on her credit. How can this be repaired. She does not have the funds for an attorney and those companies that claim to “repair bad credit” are sometimes a scam. Help me to help her.
Answer:
You are the ONLY one who can repair bad credit. Pay bills on time! Pay back outstandings. Don’t file bankruptcy. Don’t have a lot of available credit. Be fiscally conservative. -MM
Question:
How can I repair the damage? Is there a way to improve my credit rating faster? I filed bankruptcy almost 2 yrs. ago.
Wasn’t this explained to you by anybody when you filed bankruptcy?
Answer:
You screwed several creditors out of thousands and thousands of dollars. Your credit will now be in the dumps for from 7-10 years since you filed. Congratulations.
Question
I’ve never had a credit card (although my credit sucks) and heard they’re a great way to repair credit. Any tips?
Answer:
This is the best card for reestablishing. http://mycreditwealth.com/index_files/Page787.htm This card was designed to help people reestablish credit. and yes this is my site however, it’s not a scam and you did ask. Hope this helps.
Question:
I have a friend that needs to clean up debt. Before charging off to be a hero and completely opening a can of worms on her poor soul by referring her to any joe shmo I wanted to ask. I need to ask because cleaning up credit debt that has lay dormant for years is a tricky situation.
Answer:
The debts have been sold off and as soon as you make contact with the collection agencies all of a sudden the clock starts again and all he// breaks loose. So…we have BK lawyers, credit counselors, financial advisers,etc so which ones are going to truly assist credit debt payoff strategy and report cleanup with my friend’s best interest at heart?
Reply:
Thanks for that…but I disagree. Clearly I am the person to help initially by researching who the best person to go to for advise would be – and then forwarding said information to friend for review. You appear more knowledgeable on the subject than me – great. But you still didn’t answer the question.
Certainly you are clearly not the one to help because you haven’t a clue with statements like “starts the clock over” without saying what you mean by the statement. Certainly if you agree to make a payment, in some states, that does start the collection SOL again but the reporting length with the Credit Bureaus is 7 years from deliquency. There is nothing tricky at all, you pay the debt and then wait while the negative slowly fades away.
You can try and make deals with the creditors to take less than face value of the debt and then that will hurt too.
4 different videos talking about credit report, credit repair, credit score, money management, credit management, financial management, bankruptcy, foreclosure, public records, eviction, and more
Duration : 0:3:30
http://www.restoremycreditsystem.com Repair Bad Credit with the Restore My Credit system. http://www.restoremycreditsystem.com
Duration : 0:6:24
http://www.cvnmoney.com – You can clean up your credit report with a few simple steps. Get negatives off your report. Add positives. http://www.cvnmoney.com
Duration : 0:2:58
4 videos: initial steps to credit repair, credit score, fixing credit, bankruptcy, foreclosure, judgment, collection, managing credit, managing money and finances and more. Go to the site and learn more.
Duration : 0:3:1
