About Writer Jim Kemish is the president and founder of Power Mortgage, a based in Delray Beach, Florida. Power Mortgage Corp was established in 1989 and serves the states of Florida, Georgia, Massachusetts, and Virginia. Jim is also the President of Sky Blue Credit, a national business.
Credit Repair: Avoiding Scams! The Credit Repair ProfessionalThe credit repair business requires a clear grasp of the interaction of many factors. Credit bureaus, creditors, and collectors are each regulated under their own set of federal laws. There are state laws that may supercede the federal laws. In the background of all of this activity is Fair Isaac and Company that formulates your FICO Score based on the makeup of the...... Similar Editorial : by Tom Kline. | Source : Credit Repair Yourself
Credit Repair And The Greatest Wealth Building Secret Learning to SaveA budget is a balancing act between your income and your expenses. If your income exceeds your expenses you will enjoy the comfort of living within your means. If your budget is too tight a single unexpected expense can be the start of credit problems. The first step in building wealth is to structure your budget to allow for savings. Savings will provide a cushion to insure that...... Similar Editorial : by . | Source : Credit Repair Yourself
Credit Repair: Resolving A Student Loan Default There is Still Hope!There is no statute of limitation for collection of student loans. Forget about hiding out until the collectors give up and fade away. They will hunt you down forever. And to make it worse student loan collectors have special powers that can make your life a misery. Fortunately federal law provides a variety of options that will aid your credit repair effort, help you stop...... Similar Editorial : by Tom Kline. | Source : Credit Repair Yourself
Credit Repair: How To Stop A Collector Your Thirty-Day WindowHave you received a collection notice? Don't ignore it! The first receipt of a collection notice contains an opportunity that you should not miss. If you dispute the debt in the thirty days after receiving notice the collector must stop all collection activities while investigating your dispute, and may not make any attempt to collect until he has provided you with...... Similar Editorial : by Tom Kline. | Source : Credit Repair Letter
Credit Repair Common Sense High Stakes in the Credit Repair GameYour financial life depends on the content of your credit. Every time you apply for credit a lender will check your report with at least one of the three bureaus. The content of your report will determine your eligibility for a loan as well as the interest rate you will pay. The interest rate in turn will determine your monthly payment. Higher rates mean higher...... Similar Editorial : by Peter Kenny. | Source : Credit Repair Letter
Credit Repair: Say Hello To The New You! Credit Report ErrorsThe credit reporting industry is far from perfect. And yet your entire financial life depends on the content of your credit report. Two-hundred million consumers have credit records with the three major credit bureaus. Over one-hundred and fifty million of these consumers have errors on their reports. The potential impact of these errors is tremendous. Virtually all lenders,...... Similar Editorial : by Tom Kline. | Source : Credit Repair Letter
Credit Repair: Dont Miss This Opportunity! Include YourselfIt is important to understand how widespread credit reporting errors are. Over 200 million Americans have credit files with each of the three credit bureaus, and 150 million of those people have errors on their credit reports. If you are in this category there is a strong possibility that these errors are having a significant impact on your credit scores and causing you to pay...... Similar Editorial : by Tom Kline. | Source : Credit Repair Letter
Credit Repair And The Power Of Debt Validation The Letter of the LawThe correct way to respond to a collection letter is with a written request for debt validation. This is your right under the Fair Debt Collection Practices Act (FDCPA), and if done in a timely and correct manner can produce fantastic results. Let's start with the law: FDCPA ? 809. Validation of debts [15 USC 1692g (b) "If the consumer notifies the debt collector in...... Similar Editorial : by Tom Kline. | Source : Credit Repair Letter
Credit Repair And Your Life In 2008 A Little HistoryIn the late 1990s real estate values begin to increase at an unexpected pace. In response to the healthy market, lenders eased their credit guidelines. Mortgage money was plentiful. Default rates on mortgages were minimal. Home values continued to rise and lenders perceived little or no risk to their collateral. Borrowers with adjustable rate mortgages could easily refinance if...... Similar Editorial : by Tom Kline. | Source : Credit Repair Letter
Credit Repair Essential Guidelines Let's Get to Work!We speak with people all day long about their credit reports. Here is a review of the most common questions that we encounter, as well as guidance on understanding and resolving the related issues. These details, if properly understood and acted on, can make a significant difference in your credit score.Chapter 7 BankruptcyA discharged Chapter 7 bankruptcy will show in the Public...... Similar Editorial : by Tom Kline. | Source : Credit Repair Letters
Credit Repair: A Fresh Start Life is UnpredictableThere are innumerable reasons people fall behind on their bills. Getting back on your feet after a period of financial challenge can be hard. But if you take the proper steps you will not only succeed, but emerge stronger than ever. Here are some awesome credit repair tips along with some advice on organizing your efforts.Post Bankruptcy CleanupIf events of your life led to...... Similar Editorial : by Tom Kline. | Source : Credit Repair Letters
Credit Repair: Whats The Score? FICO, the Score that CountsThere are many credit scores available, but the FICO score is the one that matters. FICO, by the way, is an acronym for Fair Isaac & Company, the creator of the scoring model. Virtually all lenders use FICO scores to make loan decisions. If you are in a credit repair program, any score you monitor is fine for measuring progress. But if you are planning to apply for a...... Similar Editorial : by Tom Kline. | Source : Credit Repair Letters
Credit Repair: The Question Of Inquiries Setting Your PrioritiesInquiries may hurt your credit score, or they may do nothing. If you are in a credit repair program there are probably bigger issues on your credit report than inquiries. Since it is best to focus on cleaning up the items that have the greatest impact, your inquiries may be left until everything else is resolved. Even then, you may decide to ignore the inquiries, but before...... Similar Editorial : by Tom Kline. | Source : Credit Repair Letters
Credit Repair And A Lost Wallet Getting StartedIf you have lost your wallet you should take defensive action as soon as possible. Make a list of everything that was in your wallet; credit and debit cards, identification, insurance cards, movie rental cards, etc. The first order of business should be to contact all credit and debit card issuers, and inform them of your loss. They will deactivate your cards and discuss your...... Similar Editorial : by Tom Kline. | Source : Credit Repair Letters
Credit Repair And The Art Of Finding Errors The Invisible ThreatAre you aware of the errors on your credit report? Do you know what to look for? Most people are under the impression that the information on their reports is correct if it looks familiar. Unfortunately, a cursory glance through your reports in search of unfamiliar information is virtually guaranteed to miss a significant number of errors. Effective credit repair requires a...... Similar Editorial : by Alexandre Frings. | Source : Credit Repair Letters
