Credit Repair Info.

Many of you are bombarded daily by people promising to repair and clean up your credit over night…Not true! Please be careful and aware of these sweet talking and smooth salesmen promising to increase your credit scores. It takes time to clean up your credit. There is no short cut or quick fix to it. You must wait the passage of time for this to happen. Those Credit Repairers and Consultants that promise you that they will increase your credit scores over night and remove accurate data that are negative from your profile are lying. The truth is you can indeed dispute any inaccurate data that is on your credit file, but to promise you that they can delete and remove data that are accurate is false, deceptive and misleading. The kind of money you are getting ready to pay these high powered salesmen to do the impossible, use it to negotiate and pay off some of your bad debts. For more information on how to clean up your credit and increase your credit scores, go to: www.sdcg1.com

We at SDCG will tell you the truth upfront. You do not have to lay out thousands of dollars to us. Get your free credit report and contact us. We will evaluate it and give you invaluable advice on how to repair and improve your credit. See us at: www.sdcg1.com

There couldn’t have been a better time like now to negotiate settlements with your creditors and making requests with the Credit Bureaus or consumer reporting agencies to your benefit. It is just tough time in America right across the board and your creditors know it. We are almost in a recession, Federal Reserve Chairman Ben Bernanke stated recently. People across this Nation are losing their jobs, homes in foreclosure, repossession of their automobiles, etc. Things are tough for many Americans today.  It is a bad economy and people are having a tough time paying bills on time.

However, you should not fall victim to these tough times. Now is the time to preserve and clean up your credit. As I have stated before in my earlier posts and articles, maintaining a minimum credit score of 700 will get you places in America. You will be unstoppable. You won’t have any reasons to borrow from your family, friends, co workers, etc., because you can simply walk into any banks or apply for any major credit cards, or a mortgage, and you will get it at least 80 per cent of the time. But you must know how to live within your means. As we said in our culture: “Hang your basket where your hands can reach it.”  Going out there and borrow without knowing how you are going to pay for it can also ruin your credit score and credit worthiness. So be very careful. It is good to have the platinum and gold cards in your wallets or pocket books, but it would be wise on your part not to use them for a while…be conservative. You would be surprised to know that when you do not use up your credit line, it increases your credit scores. For example, if you have a credit card with a credit line of $10,000.00 and you can maintain a balance of over $9,500.00 or more each month, good news!!!! That helps your credit score. For more information, see: www.sdcg1.com and send an email with your inquiry. It is free consultation, so take advantage of it.

I cannot emphasize enough how important it is for you to invoke and apply the law in cleaning up your credit. For example, if you are disputing any thing negative, erroneous or inaccurate on your credit reports, this is your best strategy to fight it.

The federal Fair Credit Reporting Act (FCRA) provides that you may: (1).request a description of how the Credit Bureaus verified the information including the business name and address contacted, and telephone number, if reasonably available. (Note: The name and address information also appears on your original credit report).

(2). Add a statement disputing the accuracy or completeness of the information.

(3). Request that Credit Bureaus send these results to organizations who have reviewed your report in the past two years for employment purposes or six months for any other purpose. (Twelve months for residents of Colorado, Maryland and New York).

Know Your Rights !!!

A summary of your rights under the Fair Credit Reporting Act (FCRA), for more information about your rights, go to: www.ftc.gov/credit or write to: Consumer Response Center, Room 130-A, Federal Trade Commission 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580

1. You must be told if information in your file has been used against you.

2. You have the right to know what is in your file.

3. All consumers are entitled to one free disclosure every 12 months upon request from each Nationwide Credit Bureau and from Nationwide Specialty Consumer Reporting Agencies. See: www.ftc.gov/credit for additional information.

4. You have the right to ask for your credit score. (Some may charge a nominal fee of $12.00 to $25.00)

5. You have the right to dispute incomplete or inaccurate information.

6. Consumer Reporting Agencies must correct or delete inaccurate, incomplete, or unverifiable information.

7. You may seek damages from violators. If a consumer reporting agency or, in some cases, a user of consumer reports or a furnisher of information to a consumer reporting agency violate the FCRA, you can sue in state or federal court.

For more information on your rights, see: www.sdcg1.com; send us an email with your inquiry.

With bad credit and a low credit score which may have resulted from lack of employment, a bad economy, recession, one’s own negligence or mistake, etc., many Americans are reeling to increase their credit scores and to repair their credit. Your credit score in this country (USA) can make or break you. It is very, very imperative that you maintain at least a fairly decent credit score of no less than 650.  Any persons who want to make it in the American society should aim at maintaining a credit score of 750 and above.

There are numerous organizations and businesses out there that are taking serious advantage of people with bad credit. Many of these so called Credit Repairers are charging mega bucks (dollars) by making false promises to delete accurate, inaccurate and erroneous credit data from one’s credit profile, thus increasing your credit score. Be careful of these Credit Consultants. While you have the right to challenge any negative, inaccurate and erroneous data on your credit profile in accordance with the Fair Credit Reporting Act (FCRA), it is deceptive practice for any Credit Repairers or Consultants to make false promises in enticing you to give up thousands of dollars to clean up or repair your credit. That is a violation according to the Federal Trade Commission which monitor these organizations.

Have you ever consider the amount of dollars that you are giving to Credit Repairers and Consultants you could actually pay or settle some of your own bills, thus improving your credit scores? By making a simple phone call, you can call the Credit Bureaus and order a free credit report on your own. Read the reports thoroughly, hi-lite negative and inaccurate data, call your creditors and negotiate structured payment plans that suit your budget, dispute inaccurate data with Credit Bureaus, etc. If you decide to hire a Credit Consultant, shop around and compare prices. Make sure that they have your interest at heart and not just to take your money. Have them show you results instead of making false promises.

For more information on how to repair your credit, see: www.sdcg1.com

One of the problems I encountered assisting clients in restoring and repairing their credit is the fact that some of them do not read. Moreover, even those that read a little, their comprehension skills are very, very poor. Not many people were able to go to college for reasons beyond their control and we should not frown on them. Let us help them. It is unfortunate that many of our schools are graduating students who cannot read and write. Then of course you have those who didn’t take their early education seriously. But all is not lost. Human beings are the most complex creation. It is never too late to learn. As a matter of fact, if you apply yourself, stay focus and motivated, you can be the very best at reading and writing. Living in a world today where modern technology rules, there is hope. There are many reading aids all around us. See the most up to date learning aid at: Reading Help

Start make it a habit to read, read, read… Turn off your television sometimes and read a newspaper. It can make your life much better. Always remember that “ignorance enslaves, knowledge liberates.” Get the help that you need now:Reading Help and start to take control of your destiny. Do NOT rest your destiny and future in the hands of others…depend on yourself and make life much less complicated. Reading and understanding what is on your credit profile in crucial to your development.

The utilization of knowledge is power.

Knowing your rights and applying the law is one of your most effective weapons to dispute inaccurate and erroneous data from your credit profile, thus improving your credit score. Upon receiving your free credit reports from the Credit Bureaus, it is imperative that you write a letter immediately to any or all the creditors  who have reported negative and inaccurate data invoking your rights under the law.

For example, this letter would be an excellent format to use in disputing any inaccurate data from your credit profile: Your firm is hereby placed on notice that the account information provided to Equifax, Experian and Trans Union is erroneous. Pursuant to section 623 of the Fair Credit Reporting Act-as modified by the Fair and Accurate Credit Transaction Act-it is illegal for your firm to report credit data that is known to be false as well as the failure to communicate that a debt is, in fact, disputed.

Please make sure to mail letters to creditors certified return receipt mail. For more details, see: The Credit Bible

Know your rights and invoke the law !!!!

By getting your credit reports from the three (3) Credit Bureaus, namely: Equifax, Trans Union and Experian, you are now ready to unleash your rights by having inaccurate and erroneously reported data from your credit profile.

Take time out to go through your reports with a fine teeth comb. Get a hi-liter and mark the data that is either incorrect or negative on all three (3) credit reports. You are now ready to dispute anything that is negative and inaccurate from your reports. This will undoubtedly increase your credit scores making you more credible with Creditors.

Please note that data that is accurate is not going to get deleted. Do not get any false hope here. However, you can start by calling or writing your creditors and do what most people are unaware of in getting positive results, and that is to negotiate, negotiate, negotiate…For more information, see: Ultimate Credit Repair Book

In my next post I will advise you what laws to invoke to challenge the veracity of your credit reports. It is a proven fact that most debtors are not aware of their constitutional rights in challenging data that are inaccurate on their credit reports.

Keep abreast and stay successful.

The utilization of knowledge is power.

The Legal Mind

This Article written by Aleksandra Todorova on January 15, 2008 gave some very important advice on the importance of Credit Score.

By Aleksandra Todorova
Reporter, SmartMoney.com
EVERYONE MAKES MISTAKES, but those that hurt your credit score should be avoided at all cost.

All it takes is one little drop in your credit rating to spark a surge of lender notifications about higher interest rates, lower credit limits and denied applications. Fair Isaac’s FICO score, which most lenders use, rates consumers’ creditworthiness on a scale of 300 to 850 — 850 being a perfect score. On a $300,000, 30-year fixed-rate mortgage, someone with a solid score of 700 could snag an interest rate of 5.99%, translating to a monthly payment of $1,797. Lose just one point, and you’d get a less favorable rate of 6.27% and pay $19,800 more in interest over the life of the loan. Ironically, consumers with good credit have more to fear than those who already have a blemish or two on their record. “The higher your score, the farther it can fall,” says Craig Watts, a spokesman for Fair Isaac. “[One mistake] suddenly puts you in a very different category of consumer.”

As many Americans today are feeling the economic pinch, it is important to know the importance of staying afloat by maintaining a good credit score.

Credit Score is a measure of credit risk calculated from a credit report using a standardized formula. Banks, Creditors, Lenders, etc., use Credit Score to determine one’s eligibility for a loan, mortgage, etc., and what rate to charge.

There are factors that can adversely affect one’s Credit Score such as late payments, lack of credit history, lack of credit references, bankruptcy, judgments, etc., Knowing the importance of how to maintain a good Credit Score in the United States, and most importantly, how to erase negative and inaccurate data from one’s file is crucial to your existence in America. Many Employers today evaluate one’s credit before employment is given.

If you are in a situation where you are unemployed, late on your payments, facing foreclosure, etc., let me give you tips on how to skillfully negotiate deals with your creditors and the Credit Bureaus. Start by calling your Credit Bureaus, namely: Equifax, Trans Union and Experian today for a free report. That is Step#1. Look out for my next tips from the Legal Mind.

Wishing you much success in all of your endeavors. Stay informed…the utilization of knowledge is power.