Archive for April 30, 2014

Follow these steps to help improve your credit score and debt.

Follow these steps to help improve your credit score and debt.
News from ABC News:

The National Foundation for Credit Counseling conducted an unscientific—but eye opening—online poll, which revealed people are more embarrassed about their credit and debts than they are about their age or weight!

Granted, the poll was conducted via the foundation’s home page, so the people who come there are already worried about their debts, but still! Here’s how recipients responded about what embarrasses them most:

1. Credit card debt 37%

2. Credit score 30%

3. Weight 2%

4. Bank Balance 10%

5. None of the above 9%

6. Age 1%

“Excessive credit card debt should be seen as a warning sign that a person is in the financial danger zone,” said Gail Cunningham, spokesperson for the NFCC. She added that “Such activity is likely to negatively impact a person’s credit report and potentially result in a lower credit score.”

Here are my top three tips for reducing your debt and for raising your score… so you can get back to worrying about your weight!

To Reduce Your Credit Card Debt:

•Negotia…………… continues on ABC News

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The Laziest Ways to Improve Your Credit
News from ABC News:

There are people out there who expend a lot of energy in the quest for a totally meaningless perfect credit score, which I’ve written about elsewhere. Most people know it’s important to have good credit, but they don’t want to spend too much time worrying about it. The good news is that you can be pretty lazy and still improve your credit.

The difference between having good credit (generally from 700-749) and bad credit (anything below 620) can mean the difference between getting the car you want versus the car with monthly payments you can afford. A well-managed credit history can make home ownership possible years before a poorly managed one, while really bad credit could cause you to lose a rental apartment to someone more vigilant about their personal finances.

Credit is an investment that accrues value through behavior. If you do the right things, your score will increase. Like an investment portfolio, your credit portfolio can improve your quality of life. But just like any investment, a credit portfolio requires some basic knowledge and maintenance.

Here are four very easy things you can do to start improving your credit.

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Credit Repair Law Firms Vs. Agencies

Credit Repair Law Firms Vs. Agencies
News from Loan Love Distinguishes Advantages Of … – Broadway World:

Related: Press Release, News

SAN DIEGO, April 22, 2014 /PRNewswire-iReach/ LoanLove.com is a borrower advice website that offers in-depth information on home loans that experienced home buyers can benefit from in an easy-to-understand and entertaining way that even first-time borrowers will be able to grasp. The team at LoanLove.com is devoted to helping empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. Having an spotless credit score will often open doors for loan borrowers who are seeking out the perfect loan. Bad credit however, can be difficult to repair once it’s been rooted. Loan Love’s new articl…………… continues on Loan Love Distinguishes Advantages Of … – Broadway World

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Credit Repair and Mortgage Lenders – Beware of Some Claimed “Facts”

Credit Repair and Mortgage Lenders – Beware of Some Claimed “Facts”
News from National Mortgage Professional Magazine:

For some industry insiders, this is an old story, but for the sake of those new to the mortgage industry, and those who are always hopeful for ways to close more loans, it’s time to address some real “Facts” about credit repair. In a recent edition of this publication, there were some claims made about credit repair “Facts” by individuals who provide credit repair. Many of the claims of “Fact” were truly “Fallacies” and referring consumers to credit repair firms comes with risks that will put your mortgage origination business at risk.

The Federal Trade Commission (FTC) and state Attorney General offices (AG) from coast to coast have been very clear about credit repair, assessing fines on many credit repair companies that force them to close, only to reopen under a different name. Steve Baker, director of the FTC office in Chicago has maintained the same position as previous FTC credit repair enforcers since the early 1990s and claims that he has “… not seen a legitimate credit repair clinic.”

Check the Web sites of the FTC and state AG offices regarding credit repair and you will find that, nationwide, these firms ar…………… continues on National Mortgage Professional Magazine

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Court Expands Reach of Credit Repair Statute
News from Collections & Credit Risk:

Talking to consumers about the impact of their borrowing and payment decisions on their credit reports and credit scores is a critical part of helping them make solid financial decisions. But legal restrictions may ultimately deter companies from engaging in those types of discussions.

To continue reading, please log in or complete the free registration.

…………… continues on Collections & Credit Risk
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Credit Score Rescue: A Proven Credit Repair Plan for Your Financial Life (Hidden Credit Repair Secrets, Best Credit, How to Raise Your Credit, FICO)
Credit Score Rescue: A Proven Credit Repair Plan for Your Financial Life (Hidden Credit Repair Secrets, Best Credit, How to Raise Your Credit, FICO)

Discover a proven blueprint to improving your credit score and credit repair!

Today only, get this Amazon bestseller for just .99. Regularly priced at .99. Read on your PC, Mac, smart phone, tablet or Kindle device.

Discover the life changing credit repair strategies that have changed my life for the better!

This book goes into and expands upon the exact lessons and principles that I have used to dramatically improve my credit score while helping family

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Four tips for improving your credit score

Four tips for improving your credit score
News from al.com:

(iStockphoto) 

MOBILE, Alabama – Now that you know what information is used to calculate your credit score, how lenders use the score and what you’re doing that can bring that number down, let’s talk about things you can do improve your score.

Kathy Scarborough, chief communications officer with Navigator Credit Union in Mobile, said consumers will notice quickly this list quite a bit shorter than the one of things that hurt your score.

On the bright side, that should make these easier to remember, and Scarborough said the following tips can help increase the average credit score by about 100 points.

  1. Pay off balances of revolving debt the old fashioned way: with cash!

This tactic seems simple enough, but the lower the balances, the less interest being paid and the more disposable income you have to either direct toward other debt or save.

2. continues on al.com

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http://www.businesscreditblogger.com/2013/11/14/how-to-improve-my-credit-score-fast/ Looking for answers on how to improve my credit score fast? Learn three …

Cracking the code: Anatomy of a credit score

Cracking the code: Anatomy of a credit score
News from al.com:

(iStockphoto) 

MOBILE, Alabama – Think your credit score shows the world how financially savvy and responsible you are?

Yes, and no.

Those three powerful little numbers do, in a sense, reflect your financial reliability, but only by default. Their intended purpose is actually to minimize the risk incurred by lenders, so understanding how that risk is calculated is the only way to take control of your own credit worthiness.

Kathy Scarborough, chief communications officer with Navigator Credit Union in Mobile, said the list of factors considered in calculating credit scores is long but fairly straightforward, provided consumers accept the rules are the rules, no matter how illogical they might seem at times.

“Improving your credit score can help you do everything from lower your interest rates and speed up credit approvals to reduce deposits required by utilities, get approved for an apartment, get better credit card, auto loan and mortgage offers and even lower your insurance premiums,” Scarborough said during a

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5 Best Credit Cards for Rebuilding Credit in Fort Worth
News from Go Banking Rates:

Some financial mistakes are easy enough to bounce back from, while others might have left a bad credit score hanging over your head. No matter how bad your credit is, there is still hope for your financial future if you know how to act on it.

The best way to increase your credit score is with a secured credit card. These cards look and act just like traditional credit cards, though you usually have to pay an annual fee. However, many of these cards report monthly to the three major credit bureaus. Therefore, as long as you pay your bills and keep your spending moderate, your credit score will gradually go up each month.

Here are the four best cards for customers with poor credit in the Fort Worth area:

1. Fort Worth Community Credit Union’s Share Secured Cards

Fort Worth Community Credit Union offers some of the most competitive rates for secured cards nationally. There is no annual fee for its Share Secured MasterCard and Visa, and the APR is lower than normal for…………… continues on Go Banking Rates

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ASSETS Lancaster program offers small loans, credit repair and business advice

ASSETS Lancaster program offers small loans, credit repair and business advice
News from Lancaster Newspapers:

A new microloan program in Lancaster has given some entrepreneurs money to buy new tools, launch websites or promote their ventures.

But the loans of $ 1,200 or $ 3,600 through ASSETS Lancaster are giving the eight business people something equally as valuable: a chance to pay them back.

For Jeffrey Shirk, a craftsman who specializes in restoring historic windows, the $ 1,200 loan itself wasn’t that significant since it doesn’t even cover a month’s rent on his Lancaster shop.

But having eschewed credit cards all his life, the 40-year-old Shirk needs some help building a stronger credit history to aid his 12-year-old business.

Shirk said he also appreciates the business advice he’s getting.

“What’s simple for me is to do the work and get paid. What’s hard for me is that I’m not a secretary and a bookkeeper,” he said.

ASSETS made the loans in March through the PRECAPS program of FINANTA, a Philadelphia-based microlender. The $ 12,000 lent out comes along with advice on repairing credit and building up small businesses.

“This program is bridging the gap for early-stage entrepreneurs in a way that doesn’t exist anywhere else,” said Jonathan Coleman, program director for ASSETS.

Coleman said ASSETS, which assists entrepreneurs from underserved populations, i…………… continues on Lancaster Newspapers

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Credit Warfare: Retake Control Of Your Financial Life!
Credit Warfare: Retake Control Of Your Financial Life!

Credit Warfare is the only credit repair book of its kind providing all the knowledge, resources, sample letters and tools you need to resolve any credit or debt collection issue on your own legally. Credit Warfare contains detailed strategies for every possible issue such as Bankruptcy, Judgments, Tax Liens, Foreclosure, Repossession, Charge Offs, Debt Negotiation, Collection Accounts, Medical Bills, Late Payments, Inquiries, Rebuilding Your Credit and more!

In the early 1990s we ex

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How to improve credit scores

How to improve credit scores
News from Los Angeles Times:

Dear Liz: I am trying to help my retired parents refinance their home. Currently they are paying over 8% interest. (This loan should be illegal.) The problem is their credit score, which is around 536. They had a tax lien in 2004 (it has been paid off for over four years) and some minor credit card issues. The total card debt is less than $ 1,000. I see several bad footnotes on these cards. Some of the cards have a balance of less than $ 100. What is the best and fastest way to help them get the mortgage they deserve?

Answer: Your parents don’t have a single credit score. They each have their own scores. Mortgage lenders typically get FICO scores for each borrower from all three credit bureaus, for a total of six scores. Lenders look at the middle score for each person and typically base rates and terms on the lower of those two middle scores.

If that number is indeed 536, your parents have serious, recent credit problems. You may not think an unpaid credit card is a big deal, but it is to credit scoring formulas, which are designed to help lenders gauge a borrower’s risk of default. People with unpaid bills are far more likely to default on a new loan than people who pay their bills on time, and their respective credit scores reflect that reality. What people “deserve” isn’t a factor. How they handle their credit accounts i…………… continues on Los Angeles Times

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Dave Says: Taking debt to improve credit score not smart
News from Northwest Herald:

I’m 20 years old, and I’m trying to get out of debt. However, I’m concerned about what might happen when I’m older and don’t have a credit score. My girlfriend says I won’t be able to get a job or rent an apartment without a good one. Is this true?

– Ian

Dear Ian,

No, it’s not true. I’m sure your girlfriend is a sweet person, but she has no clue what she’s talking about in this situation.

In either case, you can simply explain that the reason you don’t have a credit score is because you have no debt.

Because you don’t have any debt, you have something known as money. That makes you very stable, and it makes you a fantastic candidate as an employee or tenant.

Listen to me, Ian. I’m a landlord, and if I had my choice between a tenant with no debt and no credit score and someone with a high credit score but lots of debt, I’d take the one who has no debt in a heartbeat. Why? Because that’s the one who is most likely to pay.

Besides, you already have a good credit history if you’ve paid your bills on time.

Show them proof of that, if necessary. But taking on a pile of debt to have a high credit score or increase your current score is just plain stupid.

– Dave

Dear Dave,

Would it be a good idea to open CD accounts for my two small children?

– Abe

Dear Abe,

No. A CD is a Certific…………… continues on Northwest Herald

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Credit Repair Agency Vs. Attorney – Which Provides The Best Services?

Credit Repair Agency Vs. Attorney – Which Provides The Best Services?
News from DigitalJournal.com:

San Diego, CA (PRWEB) April 17, 2014

When it comes to credit scores, an ounce of prevention definitely outweighs a pound of cure. But what can people do if they wind up having a less-than-perfect credit score when it really matters, such as when they are trying to get approved for a home loan? A new article from LoanLove.com helps provide an answer to this question, as it compares credit repair agency vs. attorney services. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. The new article continues to help borrowers to make the best decisions regarding their home loan plans by providing them with the most up-to-date information.

The article, which is titled “

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Expert Advice: Take the Slow, Steady Road to Good Credit
News from Fox Business:

Steve Bucci doesn’t believe in quick credit fixes. The author of “Credit Repair Kit for Dummies” sees our credit histories as carefully woven tapestries created over a lifetime. Credit is something that, if left ignored, can’t be slapped together at the last minute when you need it most — such as when it’s time to apply for a car loan or a mortgage.

Bucci preaches that your credit has to be built from the bottom up — and can’t be fixed from the top down. There’s no a magic wand, no credit repair fairy. And rebuilding a damaged credit file requires taking the right steps over time.

The fourth edition of “Credit Repair Kit for Dummies” was released March 24. CreditCards.com talked with Bucci about common credit repair misconceptions and the best ways to improve your credit score.

Q: What do you see as good or bad about our current credit reporting system?

A: I think the current system is great! You have to understand what was there before to understand how good it is now.

Credit now is almost completely nondiscriminatory. It’s fast and efficient. The current system is not perfect by any means, but it’s a vast improvement over the old days, when [a lender] could arbitrarily say, “We don’t lend to women with tattoos,” or some such thing.

The difficult part of this system is that it can seem…………… continues on Fox Business

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5 Best Credit Cards for Rebuilding Credit in Pittsburgh

5 Best Credit Cards for Rebuilding Credit in Pittsburgh
News from Go Banking Rates:

Rebuilding your credit is as simple as using a credit card. However counterintuitive, there are credit cards available to consumers with poor credit, as well as cards designed to strengthen your credit to get you back to financial solvency. With the right secured card, you can build up your credit score quickly and safely.

Luckily for Pittsburgh residents struggling with their credit scores, there are several secured credit cards available to improve your situation. Here are the top five picks for consumers in Pittsburgh:

Related: 6 Weird Ways to Build Credit When You Don’t Have a Credit Card

1. Clearview Federal Credit Union’s Secured Card

Sometimes it is best to get your secured card through your local federal credit union. There are many advantages of going through a credit union rather than a bank. For…………… continues on Go Banking Rates

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http://real-101.com Watch more episodes http://www.TraceyBrock.ca Tracey Brock Mortgage Broker If you want to learn how to improve your credit score to get a…

Credit Repair Attorney Guide – Is An Attorney The Best Option For A Borrower …

Credit Repair Attorney Guide – Is An Attorney The Best Option For A Borrower …
News from DigitalJournal.com:

San Diego, CA (PRWEB) April 15, 2014

Having perfect credit is a precursor for most borrowers to get access to the best loan programs and rates. However, having an unblemished credit score is easier said than done for most people. For some, acquiring the services of a credit repair attorney is the best option in order to save money on their home loans. A new article from LoanLove.com discusses what a credit repair attorney can do for a borrower with poor credit and gives some insight into why choosing an attorney over a credit repair agency can be the better option.

The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. The new article continues to help borrowers to make the best decisions regarding their home loan plans by providing them with the most up-to-date information.

Loan Love’s ne…………… continues on DigitalJournal.com

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Credit Umbrella Inc.’s TurboScore Home Edition Features Video Tutorials for …
News from DigitalJournal.com:

Credit Umbrella Inc. the leading software developer, packs its highly powerful credit repair software with video tutorials and support programs for easy use.

Glendale, CA — (SBWIRE) — 04/15/2014 — Credit Umbrella Inc. the leading software company that has developed some of the most popular credit repairing software solutions in the United States, has announced the availability of several support features, including video tutorials in its TurboScore Home Edition personal credit repairing software. The company which is based in Glendale, California, has developed a range of highly powerful and easy to use credit repair software that is being used by thousands of Americans to improve their credit score, without spending thousands of dollars in working with a credit repair agency.

A senior executive of the company stated that, “Although the people who have developed the TurboScore Home Edition credit repair software have made sure that the interface is easy to use and anybody with basic knowledge of computers can use it, still we have packed several support features with our product that makes using it even easier. The support features include Credit Report Training Program and several video tutorials that will h…………… continues on DigitalJournal.com

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http://bestcreditrepaircompanys.com/company/lexingtonlaw/ Get an inside look, and read our full review and over 55 past client reviews of Lexington Law here:…