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There are hundreds of these programs available, but they’re out of date.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.
Having a copy of your credit score can most often mean the difference between going deeper into debt and getting out of it. Because most people do not keep track of their credit score, they often go into deep debt without even realizing it. Every time you are late making payments to a creditor or skip one all together, you are subjected to loosing points on your credit score. Your credit score is used to show creditors and lenders how much they can trust you to pay back your loans and/or purchases when credit is being offered. If your credit score is low, creditors are less likely to offer you credit because it shows that you are a higher risk customer.
Creditors have access to computers that will report all of your credit habits and transactions such as: bill paying, credit card payments, missed and skipped payments, and debt. The more you miss payments, the lower your score gets. The average person usually starts with a credit score of about 800 and every time you skip or miss payments, that number gets lower.
You should repair your credit score because it increases your chances of getting a new job. Many employers use your credit score as a way to determine the trustworthiness of a new employee, or as a determining factor when picking between two choices for a promotion. This is especially true if you work in a government contracted company or in the financial industry.
Once that credit score gets to a certain low number, usually around 500 or so, is when a lot of people will file for bankruptcy. When they do this these creditors are automatically paid in full, but the bankruptcy stays on your credit report. There is one type of debt that bankruptcy will not clear and that is any money that is owed to the government from taxes or student loans etc. Filing for bankruptcy should not be used for this.
If you have been repairing your credit for a while and have been paying responsibly, ask your credit card company to raise your credit limit. Debt utilization, the ratio of your debt to your credit limit, is one factor that determines your credit score. If you get a limit increase, then that ratio will be lower, making you appear to be a lower credit risk.
Keeping track of your credit score is necessary these days because that score can go down faster than you can imagine. When you keep up to date with your credit score you can prevent it from getting to the danger point which is 500 or less and you can save yourself a lot of trouble later on like when you want to buy a house. Ideally you should try to keep your credit score at 700 or higher but 650 is still decent. If you want to get a copy of your credit score, you can visit equifax dot com and use the credit report to get your credit back to where it should be.
If you have bad credit, do not use your children’s credit or another relative’s. This will lower their credit score before they even had a chance to build it. If your children grow up with a good credit score, they might be able to borrow money in their name to help you out later in life.
Your credit score is the best thing that you can do to avoid bankruptcy for all of the reason I mentioned above. Why wouldn’t you get a copy of your credit score if that was an assured method for you to be able to avoid going bankrupt? When you correct all of your credit problems beforehand, you can be sure that bankruptcy will not be an option.
If you have bad credit and are trying to work at fixing it, you know that it can take a long time. It can be difficult and is often quite involved, and it is easy to make mistakes while trying to fix things up. If you are working to repair your credit there are three huge mistakes that yo cau will want to avoid if you want to be successful at repairing your credit.
Mistake#1 – Hiring a Scam Artist
If you are buying a home it will not always be easy, and even more difficult if your credit is bad. See about getting an FHA loan, which are loans that the federal government guarantees. Even when the resources for making down payments or paying closing costs are lacking, FHA loansn help.
There are so many scams out there that are preying on people who are trying to repair their credit. Even though measure are being taken to try to stop these scams from happening, there always seem to be more coming back. There are a few things you can see to clue you in that it is a scam. If they as for a lot of money up front, or want to create a new credit report for you, you can be very sure that this is a scam. Often you can work at repairing your credit by yourself, but if you do need help there are legitimate firms that can help you fix your credit.
Keep your credit card balances below 50 percent of your credit limit. Once your balance reaches 50%, your rating starts to really dip. At that point, it is ideal to pay off your cards altogether, but if not, try to spread out the debt.
Mistake#2 – Not Getting a Written Copy
You may be able to reduce interest rates by maintaining a favorable credit rating. Lower interest rates make it much easier and quicker to pay off balances. Make sure to use a company that gives you the best rates so your bill isn’t being built up by money you haven’t even spent.
Many people find places that give them great offers by phone, but it is much different later. It is important that any negations be done in writing. You will want to see everything that a credit card company is asking you for, and you do not want to rely on something that you heard. You want to have everything in writing so you can refer to it and you can prove it as well.
Before you get into an agreement about settling a debt, make sure you understand how it’s going to affect your overall credit. Some agreements won’t hurt you as much as others. This is why you should research all of the available ones for you before signing an agreement. Remember creditors want their money. They really don’t care about your credit scores. That is up to you to protect.
Mistake#3 – Statute of Limitations
Read your negative reports carefully when attempting to rebuild your credit. Even though the particular credit item may not accurate, finding an error in the amount, date, or something else can cause the entire item to be stricken from your report.
Every state has a statute of limitations that gives creditors only a certain amount of time to sue you for a debt. Most states have a statute of limitations of between three and six years long. If you make a payment on one of your debts that is old, or if you even say that you do owe it to them you can reopen the statute of limitations. This will once again allow the creditor to seek legal action against you. If you are dealing with bad credit debts, then you will want to know what the statute of limitations are in your state.
Want to know how to get hold of your Credit Score for free? Here you’ll find some tips and advice from an attorney.
The first thing to know is that you need to be truthful, but still cover over the bleakest part of your finances and accounts. Go into detail on any sickness, discharge, accidents, recovery and back taxes.
When you need to consider a bankruptcy, consider carefully. It is best if you don’t incur any other debt or credit after declaring, because if you do, you may not be able to discharge them in bankruptcy. Moreover, do not reveal where you are working or where you bank. You don’t want this information to cause you trouble should someone get a judgement against you — by providing this information you’ve made their task much, much simpler.
Many people don’t realize that moving around a lot can also lower your credit score. Creditors will see you as unreliable and un-rooted if you change your address more than once every couple of years. If you are the type who can’t help but move often, consider getting a P.O. Box or other steady mail location where you can have all your bills and credit cards sent. This will reduce the risk that these companies realize you have moved.
Cleanly answer the questions and queries but make no other comment. Rather than sending a check from your bank, get a money order or cashier’s check so as to protect the name of your bank. What you want to do here is make your Credit Score zero. When you want to consider an attorney, always bear in mind that though an attorney carries influence and can do a fine job, they cost a lot of money. In addition, do not hire one unless you are indebted a great deal and have a sensible chance of a very fine deal.
If you do have to pay a lawyer, sometimes what you set aside in arrangement is what you lose in the end. And when you are contacted by more than one creditor for the same debt, it almost certainly means the debt was sold a second time and you have avoided the first collector very well. In other words, you’ve made yourself hard to get a hold of, so the debt has been able to get incredibly old debt already. Moreover, many secondary and tertiary collectors at this phase might be willing to accept 40-55 cents on the dollar and probably even less. When the collector agrees to resolve for less, be sure it is also designated on your credit report and statement.
You should remain patient, when building up a good credit score. Make plans for the long term and pay off your debt regularly. When you need to borrow money, you should be able to get it very easily. Adopt good credit habits as early as possible and then keep these good habits, throughout your life.
In addition, you may have tax complication on the debt owed. And any write off of $500 or more is considered profits to you the consumer. The creditor will send you and the IRS a form towards the end of the tax year. So get out of your debt any way you can. If at all possible, struggle to work out a repayment plan to get out of your debts. And if it so happens that the interest rate is too high, and you can’t practically get out of debt for the next 5 or 6 years, you might want to consider credit counseling.