Archive for February 26, 2014

7 Surefire Ways to Improve Your Credit Score

7 Surefire Ways to Improve Your Credit Score
News from Wall St. Cheat Sheet:

Having a good credit score will help you save money over the long run. According to Bankrate, the ideal credit score is over 700. Having a high credit score can help you negotiate a lower interest rate, obtain a credit card that gives you good perks, and in general, just be able to negotiate more with creditors and lenders.

If your credit rate is currently below 620, you may not be offered credit at all, and if you are, you will receive subprime rates. Obtaining and maintaining a high credit score will help you to secure low interest rates, get cheaper home and auto insurance (those with lower credit scores may not be able to get these at all), as well as possibly save you money on deposits for utilities or phone lines. If you don’t currently have the credit score you want, here are some ways you can improve your credit score for the future.

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Mastermind Behind Credit Repair Scheme Sentenced

Mastermind Behind Credit Repair Scheme Sentenced
News from NBC 7 San Diego:

The mastermind behind a credit report scheme that defrauded more than 100 victims has been sentenced to nearly three years in federal prison. 

Eric Phillips, a former employee of Georggin Law, received his sentence in federal court Monday morning for his role at the law firm. Phillips was also ordered to pay back 120 former clients who filed complaints with the FBI.

READ: Consumers Warn About San Diego Company Georggin Law

In an exclusive interview Phillips told NBC 7, “I’m apologizing for the service that wasn’t delivered to the clients. And for whatever hurt may have occurred as a result of not getting the service.”

Phillips helped create the Georggin Law Firm in 2010 with Ernest Georggin. A State Bar Investigation found Georggin collected a salary, but Phillips managed the firm.

Last October, Phillips pleaded guilty to one count of mail fraud and admitted to misusing the Georggin Law Firm to defraud clients. According the State Bar of California,

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Low Credit Score? Apply for a Loan and Boost your Score

Low Credit Score? Apply for a Loan and Boost your Score
News from Sacramento Bee:

PORTLAND, Ore., Feb. 24, 2014 /PRNewswire-iReach/ — Jim had nearly maxed out on his credit cards when his credit score nosedived. Suddenly, he experienced a huge hit in interest rates. Numerous debtors were increasing credit card rates and many were imposing other changes. At the pinnacle of his struggle with indebtedness, he came across an individual who recommended switching the debt to personal loans.

At this point of time, Jim was unsure whether the switch would have any meaningful impact on his credit score and overall financial picture but decided to give it a try. He had nothing to lose after all. Much to his surprise, no sooner did he make the transition, his credit score improved dramatically. Furthermore, his interest rates went down and the additional savings allowed him to make additional contributions toward his debt.

Jim’s story is not an isolated or serendipitous experience. A recently released story by Market Watch validates Jim’s experience. Among other strategies, the article suggests transferring credit card debt to personal loans. There are several re…………… continues on Sacramento Bee

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Suze Orman explains how to raise your FICO score by paying your newest bills first. For more on America’s Money Class with Suze Orman, visit http://www.oprah…

Restoring Credit Score After Defaulting on Student Loan

Restoring Credit Score After Defaulting on Student Loan
News from Fox Business:

Dear Opening Credits,

I had student loans that were in deferment. I did not know they were no longer deferred. They led me to believe as long as I didn’t have a job, I would be OK. They switched companies, and I started getting letters saying I was 200-plus days behind on payments. I made the missed payments plus extra and kept making monthly payments until they automatically deferred since I’m back in school.

I then applied for a CareCredit medical credit card to take my pet to a specialist, but was denied because of my credit. That’s when I learned my credit was bad. I have no bills currently except under my parents (still live at home). If I take my loans out of deferment and make the minimum payment, how long should it take to bring my score up? 

– Shayne 

Dear Shayne,

You’ve just learned an important lesson: Always double-check the information given to you to make sure it’s right. If you don’t, you run the risk of acting on incorrect instructions. This is especially crucial for financial matters. I’m sorry you ran into this problem, but glad you’ve already started to rectify it. And yes, you can definitely fix it even further!

I’m glad you got the deferment in the first place, though. These temporary loan holds are w…………… continues on Fox Business

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10 ways to raise your credit score fast

10 ways to raise your credit score fast
News from MSN Money:

This post comes from Marilyn Lewis at partner site Money Talks News.

When I was in my early 20s, I was not what you’d call an informed consumer. Not by a long shot. I remember thinking, when I felt far too busy to worry about paying a bill on time, “It won’t matter. It’s not like they’re not going to get their money.”

What I didn’t understand is that payment history, including late or skipped payments, makes up 35 percent of your FICO credit scores.

Why is this important? Your score determines the interest rates you pay on loans. A low score could easily cost you an extra $ 50,000 in mortgage payments. Credit scores also affect insurance premiums. Landlords look at them when deciding whether to rent you an apartment. Employers may check your FICO score when you apply for a job.

I’ve wised up since then to what a powerful role credit scores play as a gatekeepe…………… continues on MSN Money

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What Helps Credit Score More: Pay Debt All at Once? Or in Bits?
News from Fox Business:

Dear Let’s Talk Credit,

If I have enough money to pay off a credit card with a $ 5,000 balance, is it still better to pay it off over time, say with large payments, than it is to just pay it down all at once? I would not be closing it, just paying it off. I have made all the payments on time. 

– Mary

Dear Mary,

If you are concerned about maintaining a strong credit score, in most cases, paying the entire balance off at once would likely help to improve your score. The reason is because your credit available to credit used ratio is a factor in your score. Paying off the balance would leave you with a 0-percent ratio on that one card. Your goal for the best credit score is to have ratios below 30 percent.

In addition to lowering your credit availability ratio, you also want to show that you can make on time credit payments. (That’s because payment history is 35 percent of your FICO credit score.) If you decide to pay off your credit card account, and you do not have very many accounts on your credit report and/or you don’t have any insta…………… continues on Fox Business

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How To Repair & Improve Your Credit Score In A Few Simple Steps Without Credit Repair Companies
How To Repair & Improve Your Credit Score In A Few Simple Steps Without Credit Repair Companies

Do you want to know how to establish credit, maintain, manage, and fix it when it’s broken? May be what you want is a better living that is free of harassing phone calls from creditors. Or do you want to know how to get out of bad credit debt, avoid overspending, clean up your credit report and establish good credit? If your answer is yes – then this will be the best message you ever read this year.If you are in need of rebuilding your credit history and equity, believe a creditor has wronged y

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You don’t have to pay to clean up your credit file

You don’t have to pay to clean up your credit file
News from KPHO Phoenix:

PHOENIX (CBS5) –

A Phoenix man is taking a closer look at the value of credit repair companies after a recent experience with one. He has come to the conclusion that he doesn’t need outside help.

Credit repair companies claim they can remove inaccurate information from your credit report. That’s the main thing you’re paying them for, but if you have the time and the diligence, you can do the same work for yourself for free.

“I’m just trying to keep up with the bills,” Richard Leach said.

Leach says he’s having a hard time paying rent and making his truck payment and his credit is in bad shape. He decided to hire creditrepair.com for help. Leach says the company promised to remove inaccurate information from his credit report.

“They have their people work on it and have it taken care of,” Leach said.

Creditrepair.com’s website says the price for their service is $ 89.95 a month. Leach said he was charged an initial amount of $ 20, but creditrepair.com took the money sooner than he expected.

“Once I found out the $ 20 was taken out, and it caused me to go into overdraft, I ended it right there,” Leach said.

Leach says his agreement has been cancele…………… continues on KPHO Phoenix

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Credit repair lender Magellan joins IMLA

Credit repair lender Magellan joins IMLA
News from Financial Reporter:

Published by AMY LODDINGTON

Magellan Homeloans, the specialist credit repair lender, has become the latest member of the Intermediary Mortgage Lenders Association.

IMLA is the trade association which represents the views and interests of UK mortgage lenders involved in the generation of mortgage business via professional financial intermediaries.

Mark Snape, Managing Director Lending at Magellan Homeloans, said:

“The intermediary sector continues to be the single most important source of new business for mortgage lenders and, as the UK’s newest mortgage lender, we feel it is important to be part of a trade association which is focussed on issues relating to intermediary lending. We’re looking forward to being part of the IMLA family and supporting its various events and initiatives.”

David Finlay, Chairman of IMLA, said:

“I would like to welcome Magellan Homeloans to IMLA and look forward to working with Mark and his team during the months ahead.”

Magellan’s products are available via a panel of leading mortgage networks including Sesame, Intrinsic, IN Partnership, Pink Home Loans, First Complete, Homeloan Partnership, Mortgage Advice Bureau and The Whitechurch Network.

…………… continues on Financial Reporter
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The Ultimate Credit Repair Guide: A Step-By-Step Plan To Repair Your Credit Score, Learn How To Repair, Fix & Improve Your Credit Score Quickly (Hidden … Best Credit, How to Raise Your Credit, FICO)
The Ultimate Credit Repair Guide: A Step-By-Step Plan To Repair Your Credit Score, Learn How To Repair, Fix & Improve Your Credit Score Quickly (Hidden ... Best Credit, How to Raise Your Credit, FICO)

A Step-By-Step Guide To Repair Your Credit Score, Learn How To Repair, Fix & Improve Your Credit Score Quickly

Today only, get this Amazon bestseller for just .99. Regularly priced

at .99. Read on your PC, Mac, smart phone, tablet or Kindle device.

This book contains proven steps and strategies on how to preserve a good credit score or recover from getting a bad one. This not only lays down steps on how to get better credit scores, but explains how the system used by

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Want to boost your credit score? Get divorced

Want to boost your credit score? Get divorced
News from MarketWatch:

By Christine DiGangi, Credit.com

People looking to improve their credit scores will explore a variety of strategies to do so — but divorce isn’t usually among them.

Even so, a survey of divorced consumers showed that people often saw their credit scores improve after a split, with nearly 30% reporting what they considered a significant jump. The Credit.com Divorce and Credit survey collected responses from 526 divorced adults of varying age, income level, educational background and location. While not nationally representative, the results offer an interesting look at how personal finances play into and change after a divorce.

Marriage & credit

While not everyone shares the details of their financial lives with their spouse, the survey sample shared some interesting insights into how couples perceive their credit scores and their partners’ scores. In every couple, you’d expect to see one person with a higher credit sco…………… continues on MarketWatch

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Credit Repair Reviews http://www.AmericanDebtCreditServices.com Tips to Improve Your Credit Score Tips to repair credit – Accumulating credits have never bee…

Improve credit score with Clover class Feb. 11

Improve credit score with Clover class Feb. 11
News from Lake Wylie Pilot:

Improve credit class tonight

Family Trust Federal Credit Union will offer a free money management workshop series inClover and Fort Mill.

“Improve your credit score” will be held from 6:30 to 7:30 p.m. Feb. 11, at the Clover office, 1219 Highway 55 E.

Registration is available at www.familytrust.org/knowyourdough or call 803-326-2187. Handouts will be provided.

Other Clover workshops: Home-Buying Made Easy, March 11; Growing Old is No Place for Sissies, April 7.

Speakers will include representatives from Family Trust’s Mortgage Service Center and Mitchell Payne of Warner, Payne and Black. Participants will be entered to win prizes at each workshop.

Allen Tate announces training grads

Allen Tate Realtors announces the following individuals have graduated from the company’s Winner’s Edge training in the Charlotte region:

• Keithalee Lauson of Lake Wylie.

• Michael Cornwell and Lisa McMillion of Steele Creek.

Exclusively for Allen Tate Realtors, Winner’s Edge is a required, comprehensive real estate training prog…………… continues on Lake Wylie Pilot

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How to get credit history and score without obligation
News from Chicago Tribune:

By Ilyce Glink and Samuel J. Tamkin

Q: Is there a website where I can buy my one-time credit score? I have requested my credit report from one of the major credit bureaus, but had to do it via mail. Every site I’ve visited wants you to sign up for a monitoring program. Or, there’s some other plan you have to sign up for where you agree to pay an ongoing monthly costs.

  • Ilyce Glink & Samuel Tamkin

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Your credit score is among your greatest financial assets. With a high enough credit score, your borrowing rates will be significantly lower and will certain…
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Credit Repair Tips For 2014 Revealed Through Loan Love’s New Article

Credit Repair Tips For 2014 Revealed Through Loan Love’s New Article
News from Sacramento Bee:

/PRNewswire-iReach/ — LoanLove.com is a borrower advice website that is dedicated to helping home loan borrowers find a loan that they will love. It explains, and sometimes avoids altogether when possible, much of the complicated and stuffy professional language used in the mortgage industry and instead provides detailed advice and information in a down-to-earth, concise and often entertaining way. The website seeks to empower borrowers by providing them with helpful first class knowledge, valuable resources and connections to top rated industry professionals. Because of this, LoanLove.com has become a trusted destination for current news and expert loan advice. Loan borrowers no longer need to worry about an uncertain future when dealing with bad credit score as LoanLove.com has provided the means to combat credit score woes through the use of their new article. This new article demonstrates some useful credit repair tips for 2014 loan borrowers can use to help them secure the best loan rates.

In the article, Loan Love stresses how important it is the have a good credit score: “You may wonder how much o…………… continues on Sacramento Bee

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SOMSW2211 – Credit Repair Sftware,Repair/Restore/Rebuild Negative Credit
SOMSW2211 - Credit Repair Sftware,Repair/Restore/Rebuild Negative Credit

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