There Is No Shortcut to Credit Restoration

Got a Low Credit Score? Avoid Quick-fix Solutions

Claims like “We can improve your bad credit instantly, no questions asked!” “Contact us to make a new credit identity – legally” or “Credit problems? Fix them in a month” are common in TV ads, radio, flyers, emails, and online space. According to the attorneys at the Federal Trade Commission (FTC), no legitimate credit restoration company claims credit repair is a quick-fix solution.

There is no shortcut or quick fix to improve your credit. It takes time, conscious effort and following a stringent debt repayment plan. You need to know your rights before hiring a credit restoration services company. Some people say that you don’t need any help to fix your credit and it is advisable to try it yourself. However, that will involve a lot more time and effort on your part.
Your Rights

In any case, you need to be aware of your rights:

– Each of the three nationwide credit bureaus – Equifax, Transunion and Experian are obligated by law to provide a free credit report to all consumers once a year. You can order the three free credit reports at the same time or leave a gap of 3-4 months between each report. The latter is a better idea because it allows you to monitor the progress of your credit status periodically.

– You are entitled to receive a credit report for free if any organization has taken an “adverse” financial action against you. This includes denial of credit, insurance application or employment. You need to ask for the report within 60 days of receiving the notice of an adverse action. People, who are unemployed, are allowed one free credit report if they are planning to find a job within 60 days. People on welfare and whose report is inaccurate due to fraud, such as identity theft are also entitled to a free credit report.

– There is no cost associated with disputing inaccuracies in your credit report. You can raise a dispute both with the credit bureaus and the information source that provided some of your personal financial details.

What to Do When You Need a Real Solution?

If you are wondering, “How can I restore my credit now?” it may be a good idea to delegate this task to seasoned professionals with years of experience in credit restoration. Legitimate and reliable credit restoration companies would first scan through your credit report and leverage their years of experience to find items that can be disputed successfully. They not only detect inaccuracies and errors, but also verify their authenticity with the concerned parties.

How to Fix Your Credit Score and Maintain Good Credit

One of the most frustrating things is seeing people get out of debt but then get right back into it. Sometimes we know what’s bad for us, but we do it anyway. Next thing you know, you’ve got collectors calling at all hours.

How can you fix your credit score and maintain that healthy credit rating long into the future? It’s not rocket science, but it can sometimes seem that way. So let’s break it down.

Here are some things you can do to keep that credit score healthy and to stay out of debt:

• Payments: Always pay your monthly bills on time. One of the biggest reasons people slip back into debt and bad credit is because they miss one payment and then feel like they can miss another. This is not a good strategy for having a healthy credit history.

• Stay Current on Your Payments: Missing a payment happens. Maybe you had some time off from work; perhaps a family emergency came up. Now you don’t have the money and you miss a payment, but the next month you get back on track. The important thing is to get back on track and to stay there.

• Pay on Time: Are you paying your bills, but you’re paying them late? Many times your credit score will be damaged beyond belief simply because you refused to pay on time. Consider paying your bills with your first paycheck after they come, not before they’re due. Just a few late payments can destroy all the hard work you do to get that healthy credit score.

• Collections: Whatever you do, do not let a collection agency get its hooks into you again. A bad debt that is sent over to the collection agency will stay on your credit report for 7 years! That means for 7 long years you’ll have bad luck when it comes to loans, and you’ll always pay more than the other guy. Don’t let this happen – pay your bills on time!

• Communication: Are you having a tough time staying above water? When you know a bill isn’t going to be paid, calling or sending an email to the company or creditor is always a good idea. And if you’re in debt now, contacting the creditor directly is a lot better than having a collection agency sent out after you.

• Survey your credit reports for precision: It’s extreme enough paying for your own errors; you don’t have to be punished for somebody else’s. Verify that your credit reports precisely reflect your obligations and the installment history.

• Set up installment updates on your bills: Paying on time, additionally called your payment history, means 35% of your credit score.

• Quit utilizing your credit cards as much: This is an alternate method for saying to live inside your methods. While you get your credit card obligation under control, it’s a great thought to depend predominantly on great, hard trade in for the money request to pay off some of your obligations. Get a protected credit card if you have to develop your credit history. Secured credit cards work sort of like check cards.

Credit Repair Services: Do You Really Need It?

Repairing credit can be compared to losing weight, there is no quick-fix! Just as it takes time to get rid of your fat, the same goes for the negative items on your credit report. Any attempt to repair your credit quickly is more likely to backfire, than to produce any positive result. The best thing that you can do in order to rebuild your credit is to be responsible in managing it over a period of six months at the least.

You need to be responsible in managing your credit, but what if there are errors and inaccuracies in your credit report that render it negative? The worst thing about such inaccuracies is that you are at a serious disadvantage, usually through no fault of yours. Unfortunately, a study by U.S Public Interest Research revealed that 70 percent of all credit reports contain serious errors.

Fixing these errors involves a detailed legal process which consists of sending dispute letters to creditors and credit bureaus, sending reminders, studying the documentary evidence provided by creditors and bureaus, and more. Like most people, you might not have the required time and expertise to follow through on all of these processes efficiently. This is where credit repair services can help you out. Now it’s important to understand that it will not be possible to improve your credit score in a few weeks. As previously stated, this is not possible even if the negative items in your credit report are due to error.

Time taken for Credit Repair
Creditors and credit bureaus are required by law to produce original documentation in order to prove the negative items that are present on your credit report. They cannot take more than 30-45 days to do so. However, drafting and sending dispute letters may take some time as well. Some people think that it is possible for any consumer to get his or her credit score corrected without any professional help, which is true but hardly practicable.

Anyone whose credit report contains errors can try to draft their own dispute letters and send them to the concerned parties, but it is time-consuming and it takes a lot of mental effort. Unless you are ready to take this duty as seriously as you take any other professional commitment, do not even try! Hiring a reliable provider for credit repair services, which would be a company that has more than a decade of experience helping thousands of customers with unfairly negative credit reports, can help you correct your credit score without too much fuss.

Credit report repair services are particularly useful when:

— The negative items on your credit report are due to accounting, reporting or any other error committed by creditors, credit bureaus or collection agencies. Genuine errors can be struck off from the reports smoothly when you go through the proper procedures.

— The credit repair service providers are good at identifying errors that cannot be verified. By law, if any item in the report cannot be backed up by documentary evidence, it needs to be removed. This loophole can be used by credit repair companies to improve your score.

— Some lenders are willing to negotiate with credit repair representatives of their consumers. If your lender allows it, this can help you raise your credit score.

Credit Repair Training: What to Look For in a Good Course

If you are thinking about becoming a credit repair specialist and opening your own business, you need to look into finding good credit repair training. As with any skill you attempt to learn, you need to go through some training to learn the ropes. Finding the right training program is crucial to your overall success. You cannot afford to learn the wrong way. This is your livelihood you are talking about and you deserve to have the best training that will ensure your restoration business gets off to a good start.

The following elements should be included in any training course.

1-The training should cover the laws that govern restoration. You need to know what you can and cannot do to stay within the parameters of the law to protect yourself and your client. It is never okay to skirt the law, which means you need to know, in detail, what those laws are.

2-The dispute process is the key to repairing a credit report. You need to know how to do it effectively. There are several steps that you will need to take on your client’s behalf when disputing an error on a report.

3-The credit repair training should also go into great detail about the anatomy of a dispute letter. This is the first step in disputing an item on a credit report. Creating a letter that is too long or a letter that doesn’t highlight the pertinent details could get it shoved to the side and ignored by the credit reporting agencies. This is a lose-lose situation for you and your client.

4-Part of the process of repairing credit is learning what it take to rebuild credit. You will also need to understand credit scores and what is considered high and low. The training should cover these elements as well as provide you with tips to pass onto your clients about raising their score to a healthy level that will allow them to buy the things they want and need.

5-Because a credit score relies on the credit bureaus, you need to understand how each of the 3 major credit bureaus work and how they get their information. Each bureau will generate a different score for a person. You need to understand the factors that go into the credit score and what you can do to influence the scores on your client’s behalf.

6-Not all credit disputes are going to be solved right away. Because of this, you need training that will take you beyond the basics and explain how to properly get into advanced disputes. You can’t give up, but you need to approach the difficult task professionally and in a way that will get results. You need to know what tools are available to you and how you can successfully dispute an item on a credit report when a bureau is being stubborn.

7-Lastly, the credit repair training course should be easy for you to access and available for you to read, listen and watch. Simply reading a manual isn’t enough. Visual and audio help us to absorb information and retain it better. There is a lot of information and seeing, hearing and reading will ensure it is all covered.

You owe it to yourself to seek out the best credit repair training available. You could earn a comfortable living doing restoration, but in order to do that, you must have the proper training. There are plenty of programs out there, but they do not all include the above mentioned elements. This isn’t an area where you can “make do” or “get by” with inadequate training and information. Make the best decision for your future and choose the right credit repair training that will give you the best shot at being successful.

Improve Your Credit Score With the Help of a Reliable Credit Repair Service Provider

An excellent credit record allows a customer to gain the ability to obtain a lucrative loan program to purchase building, car and other essential things. If you have a good credit score, then you can acquire a good loan program for your requirement. However, if you have inappropriate one, then it might create an obstacle when you plan to buy vehicle, house as well as other relevant things. If you are unable to acquire it, then it becomes difficult for you to acquire an appropriate loan along with affordable interest rates. In this type of scenario, it is quite natural that you should have developed an interest to obtain as well as to maintain this type of score.

However, there are circumstances when you are unable to secure it even though you have tried your level best to do so by all possible means. Indeed, you need to spend a lot of time and energy to repair your bad credit record. Here lies the importance of involvement of this type of service provider. They understand the basic rules and guidelines that are associated with this type of process and they should understand the ways to implement those particular rules to improve it as well as to allow you to save money in the best possible way. However, there is no formula to increase credit score instantly, but there are several instances where a proficient credit repair service provider can allow you to improve it to a great extent. This article will highlight on a few important responsibilities that are fulfilled by a proficient credit service provider.

The key function of this type of service provider is to remove mistakes from this type of report. These mistakes include the occurrence of errors at times of reporting the lenders as well as the occurrence of simple mistakes at the time of offering personal information to the lenders. If you think that there are multiple mistakes occurred in it, then it is advisable that you should get in touch with this type of provider to rectify your mistakes in the best possible way.

It is vital that you should verify every detail of your own credit report in the best possible way. For instance, if you have one negative item on this type of report due to the involvement of a lender who already left the industry, then there is possibility that the appropriate bureau would not get any sort of reply whenever they would call you to verify the details on the report. If such thing happens, it is advisable that you should immediately remove the detail of this type of lender from this type of report.

It is vital to remember that most of these service providers operate their business activities for the last three or four years. Therefore, it is expected that they possess relevant experience or expertise to be able to negotiate with the lenders in the best possible way. If you wish to improve it and if your lender wants to discuss this type of issue, it is advisable that you should take help of this type of service provider without any delay.