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CREDIT REPAIR BASICS |
HIRING A PROFESSIONAL |
FICO
POINTERS | GOOD CREDIT COURSE
"The fastest way to a good credit score is credit report repair... "Improve your credit report score and improve your life. Dear Friend: Do you realize that your lifestyle is determined more by your FICO credit score than by your income? Jim and Mike are the same age, have similar education, and both have jobs with a large manufacturing company at about the same salary. Mike lives in a better neighborhood than Jim, drives a better car, and will retire richer. Why? Why does Mike's family enjoy a better lifestyle than Jim's family? Because Mike has a higher FICO credit score, about 750 to be exact. Both Mike and Jim had some financial problems a few years ago. The only real difference between them is that Mike took care of the problem by hiring the very best best professional to delete negative items off his credit report and by actively managing his credit score. Jim took the FTC and some other credit consumer advocates at their word when they say that timely and accurate items on your credit report can only be removed by time. Jim's FICO credit score is 619. If you're more like Jim than Mike you need to learn what is considered a good credit score and some strategies for improving your credit score.
“You guys did a great job! My beacon score went up 90+ points in less
than a year. I went from horrible credit, to marginal to good credit. We
have even purchased a house and went with a conventional mortgage.” — K.D., Lexington Law client “I just wanted to thank you and tell you that your system is going to be able to put me in a home almost two years earlier than I originally expected to. My credit score has jumped over 60 points in the last 6 months to a very respectable level and now when I apply for a mortgage...I will be able to name my price. So file this e-mail in the happy customer section and I will refer anyone with less than perfect credit to your services it has made a world of difference for me!!!! Thanks again!!!!” "Why almost everybody is wrong about your ability to eliminate timely and accurate negative items from your credit report."The Federal Trade Commission (FTC), regarded as the government's consumer watch dog, says on its website that "Only time, a conscious effort, and a personal debt repayment plan will improve your credit report." You see the same sentiment echoed in major metropolitan newspaper columns, TV consumer shows, and in the public relations efforts from bankers, credit card companies, and the credit reporting bureaus themselves. So, what gives? Is that true? I know the FTC is a major government agency but their bland statement about credit report repair is not what the law says. The Fair Credit Reporting Act (FCRA) and a 2003 amendment, the Fair and Accurate Credit Transactions Act (FACTA), do not use "timely and accurate" to determine which items can legally stay on or be removed from your credit report history, but terms like "incomplete, misleading, unverifiable, and outdated." There is quite a difference! Unfortunately statements like this have created a misconception in some people that it is dishonest or even illegal to change the contents of your credit report. That is just not true! On the macro level the consumer credit economy has provided more material benefits to more people than any economic system in history. The percentage of home ownership, the number of cars on the road, TVs, appliances and even the normal expectation of everyday luxury goods are a testament to the system. On a macro level, it works! If you ever watch a nature show about an African wildebeest migration you see millions of wildebeest swimming rivers in a great, unstoppable swarm. Well, some of those wildebeest get drowned and eaten by crocodiles. No matter how well the system works, getting eaten by a crocodile is never a good thing. Here are some eye-opening statistics:
That is a lot of crocodiles, and we've barely scratched the surface! Lexington Law Firm attorney, John Heath, based upon the hundreds of thousands of individual cases handled by his firm, estimates that the credit reporting bureaus almost automatically delete about 30% of the systems negative items when presented with a proper, professionally prepared dispute letter. “Hello, I just want to say thank you for the great service I have
received so far. I have been with you for about ten months now, and it
is just amazing how many negative items have been deleted off of my
credit reports. Also, thank you for the constant updates and e-mails.
Keep up the great work. I am recommending Lexington Law Firm to everyone
I know.” “I would like to thank you tremendously for the work you and your team have done. In just roughly 7 months or so, I have gone from an extremely bad credit situation to being a home owner. I couldn't have done it without you and your team's help. It has been extremely easy to work with your team and if you ever need a client referral please feel free to ask. Thanks again and congratulations on a job well done.” That is not surprising. The three major credit reporting agencies, Experian, Equifax, and TransUnion process billions of bit of data on the credit histories of more than 200 million Americans. They know that the system will produce a percentage of errors. These credit reporting companies are for-profit corporations. Credit report dispute resolution is a profit-killing obligation forced on them by FCRA. They will do everything they can to make the credit repair dispute process as brutally efficient and economical as possible while staying just within the boundary of not triggering class-action lawsuits. And it's not just the "easy" items that a professional credit repair program will delete from your credit report. In one three month period Lexington credit repair attorneys successfully removed from clients' credit reports:
Despite what the powers-to-be may want you to believe for the good of the system about "timely and accurate," the only negative items that can, by law, remain on your credit report are items that the creditors and credit reporting bureaus can prove are not "incomplete, misleading, unverifiable, or outdated."
"If there were a few simple things you could do to increase your paycheck - without asking anybody for a raise - wouldn't you do them?"Your credit score affects the amount of your disposable income when you finance a big ticket item like a mortgage, a car, or a kitchen redo. Auto, homeowners, life, and health insurance companies use a modified version of the FICO scoring model to set premiums. It's not clear how your credit rating makes it more likely, or not, that you would file an insurance claim, but the insurance companies do it. Maybe just because they can. Just for starters, wouldn't an across the board reduction in insurance premiums be like getting a raise? A meaningful increase in your credit score, especially if yours is currently below 680, would open up opportunities to refinance your mortgage or your newer model car at a more favorable rate, putting cash back in your pocket instead of giving it to the finance company. Although not kosher under the law, many employers and prospective employers use credit scores as a proxy for character when considering you for a promotion or a hire. “Thank you for your service. I have had great results from the work you have done on my behalf. I had been warned not to use any credit repair company, but after some research I decided to give Lexington a try. The results have been better than expected. Several items have been deleted from my credit report and more
importantly my FICO® score has dramatically improved. I was recently approved for 'best rate' financing on a new car and a home construction loan. Thanks.” "Who is going to decide your lifestyle - you - or somebody you don't know and will never meet?"Fair Isaac Corporation, the originator of the FICO credit score formula, in this FICO score chart shows how much your credit score will affect the amount of a mortgage payment on a 30 year fixed rate mortgage (as of mid August, 2008. This should answer the question "is 700 a good credit score?"
The median credit report score in the USA is 723 - half the people are above that score and half the people are below it. A FICO credit score of 750 is considered an excellent credit rating and would entitle the owner to instant approval to buy anything they wanted (depending on income) on credit at or near the lowest interest rates. The average FICO score is 687. A FICO score of 680 is considered "good" credit although tighter money may bump the number for a good credit score rating higher on the credit score scale. A credit score below 620 puts the borrower in a high risk category, which means that credit, if available at all, will be at a crushing rate for bad credit loans. Individual lenders can have their own credit score criteria, but if you know your FICO credit score these national averages give you a good idea of where you stand on the credit score scale. "How To Fix Your Credit Report, Improve Your Credit Score, and Improve Your Life."You have seen how your credit score is more important than your income in determining your lifestyle. People with a good incomes and bad credit score are shocked to find out they cannot rent an apartment. You now know that even "timely and accurate" items can be deleted from your credit report - even if you still owe the money - if the information is incomplete, misleading, unverifiable or outdated. The rest is up to you. If your credit score is less than the "good" credit rating threshold of 680 then you are taking food out of the mouth of your babies by not doing anything about it. Sorry if that offends your sensibilities but it's the truth. You can either put your money in your own pocket or give it away to the finance companies. Your credit score alone determines which way it goes. Without your own credit repair program you are leaving the direction up to somebody else. Do it yourself credit repair is possible. It is the way the FTC, the creditors, and the credit bureaus encourage consumers to go by providing you with convenient online dispute resolution. They are appealing for people looking for how to repair my credit report free. But if you think for a moment that you can succeed in bad credit report repair using the online dispute forms provided by the credit agencies then immediately disqualify yourself from self help credit repair consideration. Those online fix my credit report forms are there for the convenience of the credit report reporting agencies. Period. 95% of the credit report disputes submitted on those online credit repair forms will be decided against the consumer. Before you start on a do it yourself credit repair program you need to obtain more than a passing familiarity with some Federal statutes.
When you engage in self help credit repair you deal with different players with distinctively different leverage points: credit reporting bureaus, creditors, and collection agencies. Some credit laws are more important than others, depending on which player you are dealing with at the moment. You have to know the difference. You have to be able to read a statute so you can push aside the fluff and get right to the "shalls." And last, but not least, you have to be able to present your particular facts in a way that leverages the "shalls" to get the other players to move in the direction you want them to go. The other side will make a decision about your credit report dispute within a minute or two after seeing your dispute letter. The rest of their time will be spent justifying their decision. The other thing you will need, and the one that you cannot get from any credit repair book, is an adversarial attitude. Every written communication and every telephone conversation will have but one purpose, and one purpose only - to find your adversary's vulnerability and to exploit it to the maximum extent possible. This doesn't mean that you must be anything other than polite and professional. You can never give anything away. You can never take your eye off the ball. Not for an instant. Some people do not like confrontation of any kind and will avoid it by over-cooperating and saying more than they should, or by offering information they shouldn't to explain and justify their position. "Thousands Now Have Good Credit Who Never Thought They Could"
I am an attorney and do not hesitate recommending Lexington Law Firm
The firm has by any measure a staggering amount of experience in successfully resolving credit report disputes. That kind of experience cannot be substituted at any price because they know what works, which buttons to push, in almost any situation. Regardless of the seeming uniqueness of your personal situation you are not going to be a test case, or somebody the firm will go to school on. Lexington has found from experience that credit bureaus, creditors, and collection agencies will often not release any information to a third party, even a lawyer, without prior written authorization from the consumer, even if that authorization accompanies the attorney letterhead. The credit report reporting agencies will sit on the letters. Most often the credit bureaus will not even indicate their refusal to accept the material for 30 days, delaying the objective of better credit scores by at least that much. Lexington has learned that the credit report repair process works faster by providing the consumer with a completed credit report dispute letter that they can sign and send from their home zip code. This also overcomes the practice of the credit bureaus to reject letters postmarked from a different state than the consumer's home address. Other online law firms that specialize in credit report repair, like Ovation Law You can go directly to Lexington Law Firm
“I wanted to take a moment to say thanks for your diligent work on my behalf. Because of your efforts, my credit score has increased by more than 200 points!!! Keep up the GREAT WORK!! Thank you very much.” “Thanks Lexington Law Firm for all your help. I appreciate all you have done to clear my credit. So much progress was made in such a short time. You were very professional and very helpful at all times. It was nice to get someone on the phone whenever I needed assistance. I will keep you in mind if I ever need anything else.” "When Bankers Help Their Children Get High Credit Scores - This is What They Tell Them"Everybody can benefit from a higher credit score. In addition to deleting negative items there are some positive things you can do to raise your credit score. If your FICO score is not much less than 750 then these simple pointers may get you over the top so you can start enjoying the rewards only an excellent credit rating will bring. If your FICO score is less than 680, and especially if you are anticipating a credit purchase in the next few months, you MUST implement these credit scoring tips - starting today.
The Credit Repair College 5 day course will teach you everything you never learned in school about how to repair your credit and raise your credit score.You will learn:
Get Started on Our 5 Day Good Credit Credit Repair Course Right Now - It is Totally Free Without Any Obligations Enter your email address in the box below and click the "Get Started" button. You will receive a confirmation email from Aweber asking you to confirm that you have requested this course. You must follow the instructions in that email or you will not receive the email course from us. We are doing our part to prevent spam and protect your privacy. We hope you find this website useful and informative Peter Boston Copyright 2008. credit-repair-college.com. All Rights Reserved. Sitemap. Privacy. |
