Understanding credit repair is so important to so many people, Credit solution repair system has really taken the bull by the horns and packed everything one needs to repair their credit in the shortest time possible. I haven’t used this credit repair software personally but I do know of a few people that has had great results with this system.
The Credit Solution Repair System is made up of several components that will help you dig yourself out of debt in no time. It has several eBooks, which are The Credit Dispute Pro Guide, Time Saving Credit Report Improvement Methods, Credit Solution Repair Quick Start Guide, and The Exclusive Credit Solution Repair eBook. These resources cover different aspects of the credit repair process to make sure that you can raise your credit score to 140 in no time. Aside from these, you will get a complete video course that will guide you through the whole process step by step. Plus, to help you track all the disputes you have filed, David Myers included The Dispute Tracking System in the package.
There are four ways to fix your credit, and here they are, from worst to best:
Worst: Credit Repair Services
It’s tempting to simply pay a company to “do the work for you,” but all credit repair services (that includes law firms) have two dirty little secrets they don’t want you to know.
First, because they charge monthly for their service, they make more money–up to $2,000– if they deliberately drag out the process, which is why they often take two or three years.
Second, you actually wind up doing MORE work than if you did it yourself. In addition to dozens of forms, the credit repair service requires YOU to personally choose which items to dispute, how to dispute them, and you have to constantly send them information that the credit bureaus send you.
Better: Follow Instructions From The Credit Bureaus.
This is like the wolf instructing the sheep. The credit bureaus are NOT your friends. This approach costs nothing, but you get what you pay for. Don’t do it.
Better Still: Do-It-Yourself Programs (Typically A Printed Book, An E-Book, Or An Audio Program).
There are hundreds of these programs available, but they’re out of date. If you are very organized and have lots of free time available, the process these books describe will work fairly well. . . eventually.
Best: Credit Solution Repair
There are several companies that offer Credit Solution Repair (not just an e-book). Although some are rip-offs (clue: unprofessional-looking websites), many Credit Solution Repair products combine the best of all worlds: simplicity, low price, and fast results.
Better quality credit software ranges from $97 to $1,000 or more, but there’s no reason to spend the higher amounts. Look for satisfaction guarantees and a professional-looking website.
The best credit repair solution for the money is Credit Solution Repair, available at only $67, it’s the fastest and most cost-effective credit repair solution we’ve ever found. Don’t waste your time with useless e-books or ridiculously overpriced monthly services. Download the best Credit Solution Repair here.
How To Contact Creditors To Help With Credit Repair
Your credit is more valuable than you might think. Having good credit is crucial to getting approval for credit cards, loans, and mortgages. If you have bad credit, do not worry. This article has great advice on credit repair to ensure that you will not get rejected from any financial institution.
Good credit has become nearly a necessity these days. Credit has become almost essential to buying a car or a home (unless you have large amounts of cash lying around) and with the advent of online buying, it’s generally difficult to operate without some kind of credit card. Unfortunately, credit does cause problems for some people. Minimum payments on credit cards can be missed, or a loan could go into default and your credit rating will begin to slide. When you have negative activity, the creditor reports it a credit reporting agency, who then records it on your credit history. A tarnished credit report can be tough to clean up, as most negative items will remain stay on your report for seven years before they expire and are removed.
If you have bad credit history, you’ll end up dealing with previously unknown problems. You can’t rent a car or buy things online, renting property will be difficult, and getting a mortgage may be impossible. It’s important to repair your credit as soon as you notice a problem because you’d be surprised at what kind of credit repair you can accomplish by being proactive.
The first thing you should do if you fall behind in your loan payments is contact your creditor. This can be scary and many people take the opposite approach, avoiding “collection calls” out of embarrassment or even fear. Unfortunately, it’s best to deal with the problem immediately and to avoid long-term credit difficulties. Contact your creditor right away – as soon as you find you are having trouble with a debt.
Remember the solution to your credit repair process starts with your credit report, and what is on your report is what your creditor reports about you. By contacting your creditor, you may be able to discuss possible payment plans or alternative solutions. It is in the creditor’s best interests to work with you, as if you go into default, they might never get payment.
There are many reasons that you should contact your creditor immediately, but most of all, it helps to speed up the credit repair process. Once you’ve contacted your creditor, suggest a payment system that works for both for you. Be sure to propose a payment plan that is realistic for you, and stick to it. Defaulting on these payments will look to the creditor as if you were just trying to stall and avoid further payment.
When you contact your creditor about your outstanding debt, be sure to remember that it is in your best interest to convince your creditor not to report your non-payment to the credit report agency. By facing up to your payment problems, contacting your creditor right away, and creating a payment system that will work for both of you, you are taking a very effective step credit repairing your credit.
Improve Your Credit Score By Correcting Your Credit Report
Under the Fair Credit Reporting Act (FCRA), both the consumer reporting company and the information provider (the person, company, or organization that provides information about you to a consumer reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take advantage of all your rights under the FCRA, contact the consumer reporting company and the information provider if you see inaccurate or incomplete information.
1. Tell the consumer reporting company, in writing, what information you think is inaccurate. Include copies (NOT originals) of documents that support your position. In addition to providing your complete name and address, your letter should clearly identify each item in your report that you dispute, state the facts and explain why you dispute the information, and request that the information be deleted or corrected. You may want to enclose a copy of your report with the items in question circled. Send your letter by certified mail, return receipt requested, so you can document what the consumer reporting company received. Keep copies of your dispute letter and enclosures.
Consumer reporting companies must investigate the items in question — usually within 30 days — unless they consider your dispute frivolous. They also must forward all the relevant data you provide about the inaccuracy to the organization that provided the information. After the information provider receives notice of a dispute from the consumer reporting company, it must investigate, review the relevant information, and report the results back to the consumer reporting company. If the information provider finds the disputed information is inaccurate, it must notify all three nationwide consumer reporting companies so they can correct the information in your file.
When the investigation is complete, the consumer reporting company must give you the written results and a free copy of your report if the dispute results in a change. (This free report does not count as your annual free report under the Fair and Accurate Credit Transactions (FACT) Act.) If an item is changed or deleted, the consumer reporting company cannot put the disputed information back in your file unless the information provider verifies that the information is, indeed, accurate and complete. The consumer reporting company also must send you written notice that includes the name, address, and phone number of the information provider.
If you request, the consumer reporting company must send notices of any correction to anyone who received your report in the past six months. A corrected copy of your report can be sent to anyone who received a copy during the past two years for employment purposes.
If an investigation doesn’t resolve your dispute with the consumer reporting company, you can ask that a statement of the dispute be included in your file and in future reports. You also can ask the consumer reporting company to provide your statement to anyone who received a copy of your report in the recent past. Expect to pay a fee for this service.
2. Tell the creditor or other information provider, in writing, that you dispute an item. Be sure to include copies (NOT originals) of documents that support your position. Many providers specify an address for disputes. If the provider reports the item to a consumer reporting company, it must include a notice of your dispute. And if you are correct – that is, if the information is found to be inaccurate – the information provider may not report it again.
3. It is imperative that you keep an eagle eye on your credit reports so that you can dispute erroneous transactions in a timely manner. You can easily request a free copy of your credit report online to see if there are any bogus transactions, inaccuracies, or outright mistakes.
4. Your good credit and identity can be compromised without your knowledge, so it is in your best interest to check your free credit report regularly. Don’t lose your identity and good reputation because of mistakes on your credit report or corrected errors that still show up during a credit check. You need to look out for yourself and take action.
Credit Reports and Scores Often Confuse Consumers
Most people who are of an age to care about their credit are aware that the three main credit bureaus, Experian, Trans Union and Equifax, maintain credit reports on them. The bureaus keep track of loans, credit cards and bankruptcies and make note of whether each consumer pays his or her bills on time. Most people are also aware that their credit history is also available in the form of a credit score, which is, in essence, their overall credit worthiness reduced to a three-digit number.
Beyond that, many people have, at best, a vague understanding about how their financial transactions are regarded by the credit bureaus. There are a number of myths and misconceptions about credit reports and credit scores and how they are affected by things people do financially. Here are a few examples of these popular misunderstandings:
A consumer has only one credit score – Not true. Each bureau keeps track of financial transactions independently of the others and may have more or less information to work with than the other bureaus. Plus, until recently, each bureau used their own scoring system. In all likelihood, if a consumer were to contact each bureau to obtain his or her credit score, the result would be three completely different figures.
Your salary affects your credit score – Your score is simply a reflection of how well you handle the credit available to you. If you earn more money, you might have more available credit, or not. Either way, the score is simply a reflection of what type of credit you have and whether you pay your bills on time. How much you earn is not part of the equation.
Canceling a credit card raises your score – Not necessarily true. Credit bureaus examine how much of your available credit you are using. Less is more; the bureaus like to see that you are using as little of your available credit as possible. If you owe a lot of money on credit cards and you cancel an unused account, it may look like you are using a larger portion of your available credit. That will actually raise your score!
Marriage merges credit reports – Your credit report is your own. That will not change if you get married. Jointly borrowed money will show up on both reports and will affect both of your scores. And just as marriage doesn’t merge the reports, divorce won’t separate the joint items. If you get divorced and your ex doesn’t pay on your joint loans, your score will decrease.
The process of compiling credit scores is a complicated one. It’s understandable that many people don’t entirely understand how the system works. Perhaps the best way to keep tabs on what is going on with your own finances is to check your credit report regularly. You can get a free copy at Annual Credit Report dot com.
Credit Repair Credit Cards To Improve Your Score
Credit repair credit cards are cards that are designed for people with bad credit. If you have very bad credit and you can’t get a regular credit card, there are companies that can help you. They offer cards that come with certain restrictions to lower their risk. These credit repair credit cards are one way to start improving your credit score.
Some cards that can help you improve your credit score don’t require a deposit from you. These are unsecured cards just like a regular MasterCard or Visa. But with these special credit cards, you typically will have a very low credit limit.
It’s not uncommon for you to be able to get credit repair credit cards that only have credit limits of $200 or $250. That’s because they don’t want someone with bad credit to be able to charge hundreds of dollars and not pay.
Another common feature of these credit cards is a high APR. This is a high interest rate that’s usually much higher than you would have if you had a regular card and good credit. You might be able to get a low 9% APR with a regular card. A card for those with bad credit might automatically have 24% or even higher.
The offers vary by credit card, but most also have monthly fees in addition to the high interest rate. You could have to pay $7 a month or more just to have the card even if you don’t use it. That amount is charged to the card and incurs interest fees like every purchase will.
Most of these cards also charge a fee for you to get the card. If you apply and are approved, you could pay up to $95 and in some cases more as an annual fee for having the card. Unfortunately, these cards may be the only option for someone with very bad credit.
If you read the fine print you could find that as soon as you get the card you’ll be charged a $79 application fee, a $20 card fee, a $95 annual fee, a $45 set up fee and the first month $7 fee. If you do and you pay that off quickly, you’ll help improve your credit.
And with a card like that, if you start out with a credit limit of $250, you only end up with about $70 of credit; until you pay off all the fees you pay just to get the card!
You can also get what’s known as a secured credit card. These are often the only kind of credit repair credit cards people who have extremely bad credit can get. There’s usually a fee for getting the card that’s around $75, and then you have to make a deposit.
If you want $300 of credit, you deposit $300. You still make regular payments but they hold your deposit against the risk of your bad credit. These credit repair credit cards can be helpful in rebuilding your credit if you’re careful.