Categories for Organizing to Repair Credit

How Does Credit Repair Organization Act Help You?

August 8, 2010 5:00 am Published by

How Does Credit Repair Organization Act Help You?

Today credit repair has become a very big business and there are many people who will work hard and diligently to help you improve on your credit.

As with any firm of business, there are those unscrupulous individuals who will always try to make extra money through devious ways. They are unprepared and may sometimes not know anything about repairing credit but are there taking your money and not helping you one bit.

Hector Milla Editor of the “Best Credit Repair Agencies” website — http://www.BestCreditRepairAgencies.com — pointed out;

“…Due to these reasons the Congress made an act to ensure that there were clear, reasonable and simply mediatory guidelines on what the credit repair could do and not do when in business with you. This is the Credit Repair Organizations Act. This act shows how the companies may charge a client, the terms to stipulate and when you can request a refund after you have began the business…”

The Credit Repair Organizations act protects the client from bad business practices and offers a level operating ground for the credit repair industry. Although there are many firms that have tried to circumvent this provision of the law and its application, it is true that you are much safer today than some years ago.

Most of the genuine companies will without any complaint work hard by the law to ensure that they provide you with the required services.

It is important to note that credit repair is a legal business activity and the fact that a law exists that polices the industry and overrides all the naysayers especially some credit literature that tends to suggest that hiring a credit repair professional is unsavory or that it is illegal. The fact remains that it is legal and has assisted thousands of people to recover from bad credit debts.

“…A few bad players in the credit repair industry should not deter you seeking recovery assistance from bad debts. You need to know and understand your rights on what you are allowed to do by the law in order to get your credit score fixed. Therefore, do not hesitate to get your credit repaired because to keep having a bad credit score can ruin you financially…” added H. Milla.

Further information about how to secure a trusted and reputable credit repair agency by visiting; http://www.BestCreditRepairAgencies.com

Fast Credit Repair

Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.

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Need the best advice and suggestions that you can give me please.?

August 7, 2010 5:00 pm Published by

Question by marisol2626: Need the best advice and suggestions that you can give me please.?
I get desperate a lot of times when I cannot purchase what I want and when I need it. See, I now have real bad credit because when I bought my first home, which has been foreclosed now, I started to think the wrong way because I got all these offers of credit cards to use for stuff for my home. Well, I am really paying real tough for all of that now, because I realize that I cannot get credit cards anymore, not even one for a low limit, and I have felt so embarassed and useless so many times! You know, I am paying for all of my “dumb” “immature” thinking. I lost my home because my husband and I got seperated and I could not afford the home by myself, and then I had to just quit paying on my credit cards because I had so much debt! I am in the process of trying to repair my credit, with the help of someone who I can trust, but, it will take a long while I assume. I used to sell Avon when I was living in my new home, however, I even had bad organizing with that back then, and I think….
that my “depression sickness” made me not realize many things, because I did suffer through post partum/anxiety depression that got real bad for almost one year or more. I wish that I could get into selling Avon or Mary Kay sometimes to like help myself, and also, I am with my husband again and he was even working two jobs for awhile but we decided that he needed to spend more time with the kids, which was first, so he got out. I think that I could do something to add additional income for myself but I do not want to go back to selling Avon or something else because I have realized that my children are first and I used to not spend enough time with them when I sold Avon. I just get too desperate a lot of times and I have been recently trying to get a credit card for a low limit of like $ 500.00, to use and pay back on time where I can afford it but I cannot get approved anywhere of course. Advice or suggestions are appreciated but I do not need anymore smart remarks for what I have done

Fast Credit Repair
Best answer:

Answer by bud_devil42102
If you would like a way to make extra income to help pay off your debts then contact me at jessica_downing2@hotmail.com

Know better? Leave your own answer in the comments!



Credit Repair Help

August 7, 2010 5:00 am Published by

Credit Repair Help

The best way to go about finding credit repair help is to know exactly what is hurting your credit scores. There are many factors that can cause your scores to be low. You need to analyze your exact situation. Once you are able to identify the exact problem, you can begin doing research to come up with a solution.

There are many organizations offering help to consumers such as credit repair services, credit counseling services, debt consolidation, etc. But, which one, if any, is right for you? Once again, that all depends on your unique situation. Some financial services out there such as credit counseling, may help you reduce your debt, but at the same time hurt your credit.

Utilizing over 30% of your available credit can be a big factor in low scores. For some people, all they need to do to fix their credit is pay down some debt. The best way to go about paying off debt is setting up a budget and living below your means and maybe even finding a second job. Try to avoid playing high interest fees late payment fees on your loans. Transferring higher interest rate cards to lower interest rate cards can help you pay them down faster as well.

If you have negative items reporting on your credit reports, your best option may be credit report repair. Credit report repair consists of disputing negative accounts with the credit bureaus in hopes of getting them removed. After sending the credit bureau a dispute letter, they have 30 days to conduct an investigation and contact your creditors to verify the information they are reporting is valid. You can also dispute public records such as judgments, bankruptcies, foreclosures, tax liens and repossessions.

After writing a dispute letter to the credit bureaus, it’s also wise to send a debt validation letter to the creditors of any debt that you owe. The request must be done in writing and the creditors have also have 30 days to reply. If the creditors fail to reply or can not supply sufficient proof of your debt, they are required by law to delete the account in question from your credit history.

If they are able to properly validate the debt and the credit bureaus don’t remove it from your reports, the only options you may have left are to negotiate with the creditors. Try to get them to delete the account from your report in exchange for paying off the account.

It’s always smart to know where you stand before applying for a loan. If you apply for a loan knowing that your chances are slim of getting it, you’re foolish wasting an inquiry which will hurt your scores even more. Sign up for an online credit monitoring service. Stay on top of your credit report and always know what is being reported about you.

Fast Credit Repair

Chane Steiner is a credit repair expert and founder of AAACreditGuide.com, the credit repair help site. His site has helped many people repair their credit and get back on their feet. Chane has reviewed and recommends the following credit repair services.

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Whether or not You Believe Credit Repair Works, You are Correct

August 5, 2010 5:00 pm Published by

Whether or not You Believe Credit Repair Works, You are Correct

There are few topics as polarizing as credit repair. Depending on who you talk to, credit repair is usually thought of as impossible, illegal, something you can only do yourself, or something you need professional help to perform. Rarely do you find someone with a perspective on credit repair that is not at the far end of one of these extremes.

The fascinating thing is that in most cases, whatever people believe to be true will be true for them.

The poster on the Yahoo! Answers forum who states that “there is NO SUCH thing as Credit Repair….it’s a scam….” will never realize any benefits from repairing their own credit. By believing that credit repair is impossible, they are fulfilling their own prophecy by ignoring their rights to dispute their own credit. By not believing it can be done, they are proving their own point. This person, and every other person who ignores the possibility of credit repair, will fall into the category of people whose credit scores will only improve through the passage of time.

The same is true of people who believe that credit repair companies do not work. Another poster on Yahoo! Answers stated that

“There is no such thing as repairing your credit through someone else. If they can, they are doing this via an illegal way and be extremely careful, as it can end YOU up in jail and fined.
The ONLY way to repair credit is to do it yourself.
Pay your bills on time ;o)”

Along with being misinformed about how the credit repair process works, this person is letting their flawed knowledge keep them from so much as investigating the possibility that a credit repair company may be able to help them out. Once again, in believing that it is impossible for a credit repair company to provide any value, this person has assured that they will never receive any value from a credit repair organization.

It is truly astounding how many people out there believe that credit repair cannot work and credit repair companies are nothing but scams. It is also unfortunate that it is these voices that seem to be the loudest because not only are they making credit repair an impossibility for themselves, but they are convincing so many other people to not even attempt to repair their own credit.

What is equally astounding is how these people can be so passionate about outing credit repair as a pipe dream and a scam when there are so many other people out there who are living proof that credit repair does in fact work. These are the people who have allowed for the possibility that their credit could be repaired and realized the truth about their credit reports.

It is hard to believe that anyone could completely dismiss the idea of credit repair when there are stories like this:

“I signed up for [credit repair firm] a couple of years ago. They basically write a couple of letters a month on your behalf to either businesses or credit reporting companies asking for verification of debt, that kind of thing, or if you instruct them, actually challenging the debt. After a few rounds of this, negative credit items start to fall off your report. You can totally do this yourself, but it’s been worth the cost to me (something like /month) since I am too lazy to regularly write this kind of letter. I also like how when the credit bureaus do bother to write back, they’re always pretty whiny and pissy about it.

Some people seem to think this is some kind of scam (like, paralegals write the letters on your behalf instead of attorneys, and some people don’t seem to understand that when you give an attorney “power of attorney,” they can write letters as you), but I think it’s a fair price for something I was too lazy to do myself. Ultimately, they pretty much got rid of all the negative items on my report except for the ones that were at least semi-legitimate. (I’m not going to pay a parking ticket I got five years ago in a state I’m not going back to.) The ones they did get rid of were things like AOL continuing to charge a credit card after a) I had cancelled the AOL account, and b) I had cancelled the credit card! It just wasn’t worth my time to chase this down with AOL or the credit card company.

It’s annoying that I’m responsible for fixing something that this bogus industry screws up in the first place, but other than that, I’m a happy “credit repair” customer.”

People who believe that credit repair is impossible will never see any benefit from it. People who believe that credit repair can only be done by themselves will only see the benefits of their personal efforts. People who believe that credit repair companies do not work will never invite the opportunity to have a credit repair company work for them.

Ultimately, when it comes to credit repair, we all create our own truths. All anybody can ask of you is to perform your own research instead of letting others choose your truths for you.

Fast Credit Repair

For more proof that credit repair works, see the videos of actual credit repair clients at www.youtube.com/lexcredit. These videos detail the successes of clients of Lexington Law, the largest and most experienced provider of affordable credit repair services.

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Online Credit Repair

April 1, 2010 10:22 pm Published by

Online Credit Repair

Introduction:

Late payment is the main reason for a bad credit report. To avoid a bad credit report all payments due should be paid in time and all the time. As most the time various factors such as how many times the late payment was made, what amount was due, by how many days the payment was delayed etc are considered for a bad credit report.

The bad credit report also depends upon the specific lenders. Some of the lenders may not report to credit bureau if you are late by a few days, however they may charge a late fee. As per one estimate if you are late for a single payment for one month, your credit score may go down by 50 points.

There are various agencies claims that they can repair your bad credit, you should not believe on such advertisements and try to take some steps yourself for repairing credit. Instead of taking help from these companies by paying their fees, you can get the information and take necessary step to repair your credit rating.

Dispute:

First of all you are entitled to receive a free credit report, if your application for credit has been denied. The company will provide you information within 60 days of receipt of your application and will give you name, address and phone number of the consumer reporting company.

If you think that some of the information is inaccurate, you may report it to the consumer reporting company in writing and by submitting it personally or by certified return post. You must include all documents to support your claim. You should request the consumer reporting company to remove the inaccurate clauses.

Consumer reporting company investigates the matter and also forward all the relevant document to the organization. The investigation is generally carried out within 30 days and if found disputed information accurate, is reported to the three nationwide consumer reporting companies so that your records can be corrected.

If the investigation carried out by consumer reporting company does not resolve the dispute, you may request to provide a statement of dispute in your credit files. You may also initiate to provide this information to the lender by submitting copies of the disputes.

Negative Credit Report:

If you have really a negative credit report, you will have to wait for seven to ten years, as most of the consumer reporting companies keep the negative information for seven and bankruptcy information for ten years. Generally the period counts from the date when the event took place.

Credit Repair Companies:

If you are taking help of credit repair organization, the credit repair company gives you a copy of the act and signs a written contract with you. The contract mentions details about your rights, payment terms, payment duration, total cost, total duration and any guarantee offered by the credit repair organization. You must read the contract in detail and must understand all the terms and conditions before signing it.

If you have specific problems with any of the credit repair companies, you should report the matter as most the states have laws for credit repair companies. You can report the matter either to local consumer affair officer or state AG (Attorney General).

Private Lenders:

You must try to understand your credit needs and, if you have a good credit paying capacity in recent years, you may be allowed credit by many lenders. Although the rate charged by these lenders may be higher than the bank, if you need urgent money these may be suitable to fulfill your credit requirements.

Fast Credit Repair

Victor Long is a Website Entrepreneur and operates http://www.necessarycards.com Apply chase credit cards online because in life these cards are necessary.