Having and living with bad credit can be an overwhelming and unforgetful experience. A large sum of consumers have the idea of seeking bankruptcy relief as an alternative that could be very humiliating without really understanding the reprecussions of doing such a thing. There may be several steps which may be done to have you out of this situation within 6 months or so. In most cases if thought out correctly, bankruptcy may be avoided. You have to look at the pros and cons of filing a bankruptcy.

You Could Fix Your Own Credit Providing Good Planning & Certain Strategies:

Getting help from a credit repair company could and might be necessary with a company such as Edit Your Credit, LLC located in Downingtown, Pennsylvania. This would be a two way street of communication and cooperation between the credit repair company and the consumer. This will take time, patience, and the willingness to possibly work with your creditors and collection agencies that will eventually lead to being debt free in most cases. The credit repair service should provide you with the education, information and coaching that you will need throughout the process to explain the possibilities of improving your credit report and credit scores. You need to be aware about the steps that the information and service they will provide to enhance your credit history making for a better looking report and credit score and to prevent your situation from getting worse.

You Need To Check Your Credit Report:

 The most important step to start the repair process would be to order copies of your credit report from the three major credit bureaus that “report” your credit scores. Without your credit scores, you will not know how much you improved your scores from Equifax, TransUnion, Experian. The reasons for this is that it gives you the opportunity to review your credit report to see if there are any errors, outdated information, or incomplete information on your credit report that could be possibly lowering your credit score depending on how old the account is and much, much more. If you not have a credit report, you can request for it from www.annualcreditreport.com, but remember this, if you want your credit scores, you will need to purchase them. I personally like www.myfico.com as this comes with the credit scores and a low monthly fee to have a quality monitoring service that will provide you credit alerts, helpful tips, and provides you with X number of dollars for “insurance” for identity theft. See the site for the specifics of this valuable service.

Exercise Your Rights as a Consumer:

 We have been provided The Fair Credit Reporting Act (FCRA) clearly stating that each consumer has the right to dispute unauthorized charges or any mistakes from the credit report that has been provided by the federal government. If for some reason(s) you discover any errors, inaccurate information within your credit file, you need and should send a dispute to the bureau  reporting that incorrect and misleading information that is currently reporting it listing the reasons why it is inaccurate. Upon receiving your dispute letter, the credit bureau will investigate this information and if your complaint is valid, the inaccurate items and information will likely be deleted from your credit report with that specific credit bureau. After the deletion(s) an updated copy of your credit report will be mailed to you at no charge. Disputing specific errors from your credit report may significantly improve your credit score immediately depending on how new or old the account may be. If recent, a higher increase may be possible, an older account, a slightly increase may be rewarded.

Creating a Budget/Spending Plan..A Must:

 The best ways of possibly paying back your creditors or debt collection agencies also know as third party collectors would be to minimize your expenses and spending habits. You need to save and conserve all revenue coming into the household or for that matter, what is going out of the household, YOUR MONEY. Every dollar you save can is a dollar toward your debt, making a huge difference in your responsibilty of repaying these debts if needed. Keep in mind, the sooner you pay your creditors or collectors, the earlier you are out of debt,  obtain a better credit score, and a better looking report which means long term, you will be financially independent and will sleep better at night. You need to make better decisions and judgments when it comes to creating a budget plan to save you more money to pay these debts if required. Remember, this is a short term process and if done correctly, you will benefit from it long term.

Seeking a Reliable Credit Restoration Company:

When Credit Restoration is confusing or you do not have the time, organization, knowledge, and understanding of this important process,  it is recommended to seek assistance from a legitimate credit restoration company that has the complete understanding of the complete process that may involve education and information for you to understand the importance of obtaining and maintaining a better credit report. Things like disputes, negotiating with your creditors or debt collectors, providing information on where to obtain a positive trade line, etc. Credit Experts and Debt Counselors have the ability at Edit Your Credit, LLC to enable you to create an effective debt management and repayment plan as well as strategically detailed step by step goals to give you specific recommendations on ways to better manage your finances and debts.

Keep in mind that not every credit repair service can be trusted. Investigate, search the internet, call the company, ask questions. Do they have a web site? Read , read, read! How long has the company been established. Do they have any ratings or testimonials listed? Who has used them? You have the ability to read about the performance of the service provider. Use it……..

At Edit Your Credit, LLC, we teach you  to obtain, maintain, and retain a better credit rating as all we do is educate and coach your way to a better credit score with the understanding of how important your credit is to you and a possible creditor in the future. Our clients tell us all the time, they like being “involved” with our process. Until next time……..

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Unfortunately, there are many consumers who are in need of some help restoring and repairing their credit report. Some consumers know that it tales time who may need credit restoration. I guarantee many of them don’t know they may need help as they do not check their credit reports at all but should at least two times a year. That is the sad part.  This is such an important requirement in life to deal with, as you are entitled to a once a year free report credit report from www.annualcreditreport.com. By obtaining your free report it will tell you whether or not your have bad credit score(s), and will have the information you need to have it corrected or deleted. All data that is misleading, inaccurate, or outdated is something that we at Edit Your Credit, LLC - a Professional Credit Repair Services Company that has qualified Credit Experts that know what to look for and can you advise, recommend, and tell when and if you may need some help? Not all people qualify for our services and programs. The one thing we can do is to make some recommendations and suggestions in order for “you” to better your credit portfolio.

The first step and most important step is to obtain your credit report. Every year you can get a free copy to see if you have any inaccurate data of the accounts and it records associated with the that may be possibly harming your credit scores, especially information which is outdated. After Reviewing your credit report, you may notice some issues or concerns reported on those accounts, you should take these steps towards repairing your credit report which hopefully will raise your credit scores depending on how old the account may be.   

Professional Credit Repair Services are well equipped with knowledge and the know how in order to help you in planning what to do with the inaccurate or out dated data information on your report, and they can do most of the work for you that will be organized and conducted in a timely manner. Once you make a commitment to take action with a company like ours, it is a total commitment to have your credit possibly restored within a timely manner. This does take time, patience, and discipline on both parties involved as well as communication. Once we give you the information and education of this process, we will advise you of paying down your debts to decrease your debt ration which will in turn raise your credit scores over time. Some people don’t have credit card debt, they have other debts such as overdue medical bills, cell phone bills, cable bills, or other miscellaneous debt. Be sure to look closely and review each account and any error associated with that account.

Make sure when hiring a reputable company such as Edit Your Credit, LLC to help you restore your bad credit by having the tools and experience of Credit Experts that will be helpful and necessary to help you with high interest rates, negotiating your debt, obtaining trade lines or new creditand that will help you formulate a strategic plan that may include a budget plan especially for those who do not manage their money well and spend frequently and frivolously as you do need to make your payments on time in order to have positive account history added and a lower debt ratio which accumulates for about 65% of your credit score according to the FICO Formula, the credit rating system currently in place.

Anyone who is behind on their payments now need to catch up on those outstanding or past due accounts or if they are a victim of fraud such as identity theft, will need to consider hiring credit repair services as they’re exprienced in this type of activity. Please make sure to get your local police department involved and to fill out a complete form for identity theft so that you may have this on file if need for the future credit restoration. You will need to spend lots of time and be patient with the personal process as this will cause tension and stress.

Some consumers think they may not afford the fees associated of a Professional Credit Repair Company. Most of these companies are very reasonable and affordable. Most of these services will set you up on payment plans that are affordable. Most consumers find out these services are very affordable once contact has been made.

After careful review and research, you need to decide if you should use a Credit Repair Services Professional. Be sure to take your time, research, contact, and ask questions about the Credit Repair Company. See what they may offer and if they will educate you on their services provided.  After careful review, make a smart choice on whom to go with. You can bet that your will hopefully be better credit if you have the right company working for you. Remember a few things, give it time, be patient, listen, learn, educate yourself, and communicate. Put all those important ingredients together and more than likely, you will win in the end with a better looking report and a better credit score. Until next time…..

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Credit restoration regardless of what people tell you, takes time and patience. Deciding to try credit repair works with a little bit of finess. It takes more work than simply writing words in a letter to the 3 major credit reporting agencies. If you do not take time to plan and create a budget plan, and specific strategies carefully, you will not generate and get the final results you may need. I will list here the key credit repair techniques you will need to insure your making progress and within time, hopefully you will succeed.

Once you begin your repairing credit process, you will have to examine your credit report very carefully. I for one will check to make sure that your personal information like your full name, current or previous addresses, date of birth, social security number, and place of employment are all up to date.

Secondly, I will check all account information is completely correct and accurate. The incompetence of the 3 major credit agencies, Experian, TransUnion, and Equifax I can assure you that you will find reporting errors as there are more than 80% of consumer credit reports that may contain inaccurate information or errors. This is where you need to make a decision to be proactive in starting to repair your mistakes and your credit and please do not be scared to do just that. Hand write your own letters, they do not have to be perfect. Make them simple, ledgible, and send certified mail. Put the burden on the credit reporting agencies to respond within a 30 day time frame required by law unless they ask for a 15 day extension in writing. 

Most credit reporting agency employees will read many dispute letters per day allowing them three minutes per challenged entry. They do not want to hear or read about your whole life or any other problems. The average consumer does not want to sound like an attorney so why write like one. Be honest, if you were not late, just say that you have no documents stating you were late, I simply put “never late”. A major rule of credit restoration is to respect and they’ll will hopefully respect you and honor your request. This is why it is so important to hand write your letter and to be polite at all time by imputting words like “please”, “thank you”, and to have quotes like “have a great day”. Nastiness and making threats will get you NOWHERE!

In a real world of credit restoration and credit score improvement, your dispute letters are sometimes rejected. Ones like you get off the world wide web what is called template letters, letters that are formatted with all the legal mumbo jumbo stuff of sounding like an attorney quoting laws of the Federal Credit Reporting Act which most people do not even know it exists.  Do not sound and look professional. With the credit bureaus it is a numbers game as they receieve millions of letter per month. There are a number of letters turned away with virtually no research conducted as required by law for excuses like not enough identification provided, a suspicious request or letter, a template or generic letter received, a dispute considered frivolous because it was either disputed for the same reason over and over again, or received several disputes within a short time period as the list goes on and on in any respect. You will need to pay special attention for the returned results especially if they did or do not delete the account as you need to be specific with your challenge and desired outcome. You never file a dispute online or use a dispute form from the credit bureaus, NEVER! With the nature of your dispute and completed result, you will then need to decide which step is best for you for that “remaining” account information. Do you dispute again? If so, then how? Do you negotiate with the original creditor or debt collector. Do you ask for what method of verification the credit bureau used? How do you negotiate a pay per delete? Do you add a positive trade line? Should you pay your accounts down to a zero balance or do you keep a small balance on your credit cards? These are all important questions and strategies when planning credit repair. If this sounds to confusing, please contact us Edit Your Credit, LLC or visit our web site at www.edityourcredit.com and talk to one of our Credit Experts if advice is needed. Relax, think, create and developed your next round of dispute letters. Again, hand write them and mail them certified mail. 

Open up new accounts if possible. I recommend opening only 2 acounts over a 3 month time frame. One within 30 days after credit restoration process has been started and another at the 90 day mark. Why? Credit reporting history and a possibility of lowering your debt ratio as the more avaliable credit provided to you providing you do not use the credit card too much, the lower your debt ratio will be which usually results in a better credit score once payment have been established being paid on time with your credit report.

The new FICO formula that was established in 2008, a rating version that focuses on accounts that are opened after a time period of reporting bad or poor credit accounts is how you “start” to rebuild your credit history, a major factor in raising your credit scores. When you open a brand new account, one that needs to reported preferrably to all 3 credit reporting agencies, you have to consider that it will usually take 2-4 months for this to mature and age enough to give you the score in a positive manner and desired. You need to apply for new credit card accounts now. We have some we recommend in order for you to receive the best benefits of reporting to all 3 credit bureaus. After all, the idea here is to raise all 3 credit scores, just not one or two. Should your credit be too poor, contact us and we will advise you on a plan to obtain a positive line of credit at 877-820-4509 to get the Major Visa or Master Card, some which may be secured credit cards(you have to start somewhere), but may require no upfront cash from you. They’re every bit as good for improving your credit scores as much as an unsecured credit card. One is as important as the other.

To properly handle debt within the credit restoration process is as important as the credit repair itself. Live within your means, cut back on expenses, pay your debts down, do not apply for “too” much credit, spend wisely, sell unwanted or needless items and use that for your debts. Cut back on energy, use coupons such as www.restaurant.com or www.couponmom.com for savings on groceries. If it is a luxury item, you do not need it. If it is a necessity, you need it.

After you have your newly open accounts, you’ll want to manage them correctly each and every month. Pay your debts on time is the most important factor here and to never charge more than 1/3 of your credit limit at any given time. Yes, you read correctly, NEVER charge more than 1/3 of your available credit. Be sure not to be late, no excuses, just results please. Credit improvement programs like ours at Edit Your Credit, LLC, suggest the following method, one of many. Keep a smaller balance on the new credit card account and don’t use in excess of one third on the available limit. Tiny typical usage tells the credit scoring model that you are responsible, and manage your debts well  and utilize your limits timely. Before you realize it they will increase your scores and credit limits, usually within 6-12 months to express to possible creditors or loan providers that you are a good or better risk .

Save in order to pay your bills on time. Be sure to have a “reserve” savings account that you will build up over time so that in case of an emergency, you will have the funds to pay on your opened accounts helping you to a positive payment history, not being late, and having peace of mind. It is called maintenance and you have to prepared for any unprepared scenarios such as a lay off from unemployment, an injury, cut back in hours, or loss of income. Be prepared!  When making a smart investment in repairing your credit, now you should sustain and maintain it. Take up a checking account, set up automatic withdrawals and have them e mail you a reminder when a payment is due. Make sure the funds are available for payments. Create a budget and a plan, set goals, and REACH for them.  After a little planning, conserving, and being positive in life, the possibilty of a better credit rating is within 6-12 months! Come on, that’s not too long especially when you consider 7 years for most bad accounts to remain on your credit report. Happy New Years and may your life become a better road to a reasonable credit scores. Miracle do happen only if you choose to do so. Until next time………..

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Remember this, if you have bad credit, why apply for a loan when you know you will be declined? Uh oh! Maybe you will not be, but I can assure you that you will pay the price for doing so. Ever see an ad like this? Huge Deal on New Cars Regardless of Your Credit History. The “key” word in that statement is “huge”. Like a large down payment, a higher interest rate, and a larger monthly payment. Is this really what you want or need for that matter? I would rather go to a Buy here-Pay here Dealership. Yeah I know, they charge a higher price for the car. But at least I know going into the deal what my payments will be, making a bi weekly or monthly payment, build a rapport with the dealership, have the possibility of getting a referral fee, and to know that I am going to “keep” the vehicle. Most of the buy here-pay here only reports to one credit bureau if any while the major dealerships usually report to all 3 credit bureaus giving them a major chance of destroying your credit scores with all 3 credit bureaus. I still would take my chances on the Buy here-Pay here type of dealership. It just makes good sense that if you absolutely need a vehicle, this is the way to go for the reasons listed above. Just my opinion.

How about a store credit card offer, something like this. Open an account with XYZ company and get 10% off your purchase. Sound Familiar? You then proceed to open the credit card account, take 10% off your bill instantly, and now you walk away with a smile as a satisfied customer because you saved 10%. Did you really save that 10%? Most likely not. Let me explain. You the consumer purchase $300.00 worth of merchandise. You decide to open the time tempted dollar saving offer, the cashier takes the 10% savings of $30 off your bill bringing your total balance due to $270 saving you the $30 as promised. What the company or the clerk does “not” tell you is that the $270 owed on the account is being charged a somewhat high interest rate, say 18% which may accrue daily(meaning everyday) and depending if you make the minimum payment required each month, you now have paid more than the original $300 that you “thought” you were saving $30 dollars on.

Now, lets give you another sample of that same credit card offer. You are spending $300. They offer the 10% discount to open a line of credit with them. They save you $30. Here is a better way of doing things. Lets say you have a major Visa or Mastercard that you have been paying on for years and have a interest rate of say 6%. That is 12% less than the store credit card. Which do you use? The answer is obvious. Why? The one with the lower interest is going to save you money short and long term just for the simple fact that it is a lower interest rate let alone mention that you do not really need a card with a higher interest rate or an unnecessary inquiry possibly lowering your score when you already have a major credit card that has an established credit history and a lower interest rate saving you a great deal of money. The lower the interest, the lower the balance the following month, and the sooner you pay it off, the better as you will save, save, save.

How about Payday Loans or Cash Advanced Loans? This is a trap that is for sure to not only put you in debt, but is sure to ruin your credit very quickly. Ever see this type of advertisement?

What is a Payday Loan?

A pay day loan is a small loan, typically between $100-$1500, that is used to help a borrower’s unexpected expenses such as bill payments, car repairs, household emergency repairs or other financial emergencies. Payday loans can be a great short-term source of emergency cash, but need to be repaid when the next paycheck arrives. Payday loans are therefore often referred to as Cash Advance Loans. Would you care to take a guess on the interest rate that comes along with loan. I have seen as much as 35% interest charged on this type of loan. Why would anyone want to pay 35% interest is beyond me? Talk about a snowball effect and paying back a lot more than you borrowed. Please stay away from these types of predators. Borrow from a family member, friend, co-worker, a credit union if a member of, your employer, or even against a 401K plan if needed. The interest rate will be so much lower and will be a lot more happier and a lot less stress.

Make sure that you live within your means financially. Doing these things above, I can assure you that you will not be better off. And if so, more than likely you will find yourself living outside of your finances which usually will result in higher debt, debt collectors, possible attorney service sueing you, law suits & court costs, harassing phone calls or letters, and the lowering of your credit scores meaning even higher rates and payments.

Save yourself the time and aggravation. Buy what you can afford. Make sacrifices. Why drive a Mercedes Benz knowing you will not be able to afford it within a short period of time? Scale back, drive a Toyota, Honda, or any other “affordable” vehicle. Make it affordable and keep the vehicle. When you improve your finances and credit, then try for a Mercedes although I would not recommend that route. Most consumers are interested in keeping up with the Jones or the Smiths. They may be able to afford it, you may not. Live within your paychecks. If they judge you by what you have, they are not worth having you as a friend or they are not worth being yours as they will thoughts of you anyway in my opinion. Please do not be offended by this statement. If you do not like me for who I am, I do not want to know you, it is that simple for me. Not only that, it tells me from a spiritual point of view that some may put money first in their lives and that is ok for them, not for me. This is just my feelings and my opinion only. I learned a long time ago that He takes care of myself, our family, and my finances if put in the proper perspective. I enjoy life and helping others like you, the consumer. We are all put on earh for a mission, this happens to be mine I feel.

I hope that these credit tips help you understand the do’s and don’ts of making credit decisions. If you would like to contact our companies of Edit Your Credit, LLC, please call them at (877)-820-4509 and ask for Neal or Kansas City Credit Services at (877)-655-8001and ask for Donna as we would be more than happy to speak to you about the credit decisions you may need to make at either the moment or for a long term decison. Thanks for reading and until next time……..Enjoy 2012. Happy New Year!

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Edit Your Credit, LLC, a Professional Credit Restoration Company offering credit repair and financial solutions, one of the top nations credit repair companies, recently introduced its Complete Credit Restoration Program. It is a service that is designed to help consumers with credit education, coachong, as we perform services like credit repair, debt negotiation, updated credit reports for free, positive trade lines, and identity theft protection for a very low fee if needed or wanted. We will work diligently trying to educate and improve their credit issues and concerns, improve their credit scores, and obtain new credit which is a very powerful way to improve their credit scores. The new program is designed for our customers who are rebuilding their credit and need the professional advice and guidance of legal experts in the credit repair industry.

The new and exciting Credit Employee Clearance Program that is now offered to employers will help their employees who have been denied credit or security employee clearances, denied unemployment, loans and other financial related matters as this program will give them “new life” on their credit. The new program will be offered at a discount to the employer and the employee for a very affordable fee. Some employers have been very happy with this new program and are more than happy to share the low cost involved. This will be an on going continued educational piece for the company and their employees as we will conduct a seminar for these companies twice a year to educate them as well as enabling those employees serviced to ask vital questions and to expect a quality answer from credit experts from Edit Your Credit, LLC. They hopefully will be benefiting from the enhanced improvement of their credit and possible security clearance services especially for those whom need the clearance in order to obtain the position they so desire with a company.

Companies and their Human Resource Managers who want to hire exceptional employees but can’t due to their past credit history and concerns. Also, individuals who want to get new positions or move to a new career level have to pass certain requirements, need to pass that certification process. This is where our program may assist them in acheiving that position and their goals. By showing an increased interest in the Credit Employee Clearance Program provided are professional like realtors, lenders, insurance professionals, and employees that would like to move up the ladder. By utilizing our services, they have the great possibility of building their pipeline and affiliates for future loan closings, selling homes, and a salary increase in a better paying or salary position.

The Credit Employee Clearance Program was developed by leading credit and financial experts at Edit Your Credit, LLC located in Downingtown, Pennsylvania and a highly reputable Credit Expert, Miss Donna Perkins of Kansas City Credit Services located in Kansas City, Missouri to meet the increasing need for a full credit restoration program helping educate consumers on the importance of having, rebuilding, and maintaining a good credit score and a better looking credit report offering financial solutions for those in need. These may include a financial planner, a budget designed for their benefit, negotiation high debts or credit cards, offering new trade lines, and most importantly to teach and have them understand the true meaning of good credit and how the credit scoring works in todays credit world. Consumers may contact Neal Yeagley at Edit Your Credit, LLC at (877) 820-4509 or at the company website at http://www.edityourcredit.com or Donna Perkins at Kansas City Credit Services at (877) 655-8001 or at their website at http://kccreditservices.com and click on their contact tab. Until next time……

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If you are looking to restore or improve your credit report and scores, then you need to investigate a company like Edit Your Credit, LLC located Downingtown, Pennsylvania for full credit restoration and improvement services. This company has been providing years of credit restoration services that goes way beyond their experience and knowledge for well over 5 years by putting in so much time and effort to repair their consumers credit. Our main goal is to not just service credit repair, but to educate our clients on how the credit scoring system works, to rebuild their credit, maintain it, and to continually educate them each and every year by providing information to them thru e mails, bloggers, and our web site. You have to understand the whole credit process before you can implement plans and strategies.

There are many credit repair companies to choose from. You have to do what I call home work or extra credit. You need to research and weed out the non credible businesses out there. You need to decide which company you want to hire and will actually work for you, not themselves. Besides a name, look for reputation, integrity, articles on their web site, real testimonials, read their blogger, make sure they tell you that they are not allowed to charge up front fees, that you can try and do this for yourself, that you are entitled to a full refund within 3 business days if you decide to cancel. Do they offer a month to month contract where you are not locked in for any specific amount of time? Do they offer a pay per delete service? Do they belong to any professional organizations or groups? The answer to all those for Edit Your Credit, LLC is yes! There many scam artists and credit repair companies that just start, collect money, and then disappear and move on leaving many clients without having a service provided and their funds have disappeared along with them. Why? They did not to their homework. If they did, they would minimize the chances of this happening. This is what has given the credit repair industry a bad reputation and for good reasons

Avoid these credit repair scams by investigating each and every company. The one you may skip, may burn you, and in many ways. Things you can check is their company address. Is it a P O Box? Is it a real business address? If local, meet with them first. Check to see if they have their credentials visible. I for one like to put a past, previous, or current client on the phone and let them tell a potential client about the value or non value of our services. Where is there location? What type of office set up do they have? Are they organized and offer a clean surrounding? Do they offer you any kind of literature about their business? Brochures, flyers, business card, or have they written a book?  Do they have a toll free number? Do they give you a secondary phone number like their cell OR is it just a cell phone number they offer?(I would be leary of that company). Do they have a company e mail address? How about a fax number? Location, location, location is the first 3 rules in business, but is is also how they conduct their business and I personally believe that Edit Your Credit, LLC is one of cleanest, organized, honest, and reputable companies in the credit repair field. Are they listed in your local telephone directory or do they have multiple listing with reviews about their company on the internet? Our knowledge and education is what separates us from our competitors. NOT all people qualify for our services, please take note of that. These are the important questions you need to ask yourself and to conduct research of these so called credit repair professionals. Although time consuming, you will save yourself a lot of aggravation, stress, and money if you take an hour or so to have this procedure done, believe me. Simple checks like this will instantly eliminate a lot of the bogus companies and scam artists.

You want a trusted company, because you will forwarding all your contact and personal information MEANING everything. You name, address, social security number, date of birth, employment, phone numbers, account names, account numbers, etc. By giving out this information to a company of this nature, you NEED to trust them. Edit Your Credit, LLC has many lenders and realtors that have trusted and referred many, many clients over the years. That in itself should say something. If you would like to contact them, please call them toll free at 877-820-4509. Many of our clients are very impressed by our comments and information forwarded to them once they have contacted us. The phone call is what I call an “educational” piece of information on what, how, and why we do credit restoration. One thing I forgot to mention, there are no guarantees in credit repair. That is not allowed by law and we do not make such a statement. One thing we do guarantee is that we will educate, coach, rebuild, and have you understand what we do and why we do it. This works and is for some consumers, others it is not recommended for. The answer is simple, because we care and teach what we do. We do not hide our process. For some consumers, they do not have the time, organization, knowledge, or patience. They “prefer” to have a company like us provide the service for them. Other provide just that, credit repair. If you contact Edit Your Credit, LLC, you will see that credit repair is NOT the only ingredient we provide. Remember, knowledge is very powerful if used correctly and legally.

A few minutes of checking those resources can save you a lot of time and money. If you decide to hire credit experts with a professional company and services provided, please contact us at 877-820-4509. We are one of the top credit repair companies on the East Coast, and throughout the United States as we offer several programs and services designed that are affordable to the average client that will have a valuable service like this provided. We also conduct many presentations throughout the year to lenders, realtors, financial advisors, attorneys, and auto dealerships, all which provides us with referrals of consumers with troubled credit. We have our largest credit event coming this March, 2012 in Exton, Pennsylvania that will be free, yes, you read that right, FREE! Stay tuned for the date and times which will be noted within a few weeks. Until next time and to a road to better credit……….

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More people need credit repair now than 5 years ago. It is estimated that 45 million consumers that had a credit score of 700 or better, now have a credit score under 599 in these modern days and times. This article I hope will give you a better understanding by giving you some helpful tips to help you get your credit back on track with the mind set that this will take time and patience. You must remain calm and be persistent as this is a process.

Start by requesting a copy of your credit report. Go to www.annualcreditreport.com and obtain all 3 credit reports. Yes, you will need all 3 as each credit bureau may report various information and possible mistakes. Remember, the data entered and published by the credit bureaus is as only as good as the person entering the information, whether accurate or not. You do not get your credit scores from www.annualcreditreport.com. There is an additional fee(s) if you need and want to know them. You may also get these reports from various agencies online, some  may be free. These agencies like www.truecredit.com, www.mycreditkeeper.com, www.creditchecktotal.com, or www.myfico.com which I totally believe is the most accurate of the agencies listed above but at a heavier price tag but is the easiest to read and is completely accurate. These companies if used correctly have many benefits other than purchasing all three credit reports and all three credit scores. If done correctly, you may purchase your reports and if you cancel within 14-30 days, your reports are for free. Read each agreement with each company to see what time frame you need to cancel within before they charge you a monthly monitoring fee. You need to see everything that is reported on your report, some things may even shock you.  I recommend keeping this type of service so that you may monitor your credit repair process.

One important thing you can do for yourself is to contact your creditors, so you may work out a solution or an arrangement for bills you can pay in installments or at a later date. You need to “contact” them. It not only shows good faith and your intentions to work with them but will save you so much time, aggravation, embarrassing telephone calls, and humiliation. It is never good to see or hear a colection agency or creditor having to chase you all around town, sort to speak. By learning which actions will incur interest penalties and fees, you can arrange your payment schedule accordingly, and more times than not, save on those penalties and late fees. Make sure that you are kind to them, attitude will get you nowhere. Be sure to make payments on time with any accounts that do not offer a grace period without penalties. I recommend depending on your finances to pay them immediately as soon as you receive them. Why? First, you will not forget them sometime later on and secondly, depending on the creditor, some creditors such as credit cards the interest accrues daily. If paid immediately when received. you will save interest which usually results in a lower balance and paying the credit cards off possibly earlier. It is also a good idea to add 10% to the minimum payment. Example, You receive a bill on January 1, 2012, your minimum payment is $50 and is due on January 18, 2012. 10% of $50 is $5. I would then send off a payment of $55 and mail or pay it on line on January 2, 2012 thus I have made the payment, I paid more than the minimum saving me interest and lowering the principal balance meaning less interest on the next billing cycle reducing my balance overall and saving me money.

After reviewing your credit report, gather any written communications or documents related to accounts or entries listed. Identity theft happens all the time, don’t always assume your credit score is right, it might contain errors. If your financial documents and your credit report contain different information, you should immediately contact the consumer reporting company and information provider to start getting the errors fixed.

There are many laws by which third party collection companies must abide by. You need to know what the laws are in order to make sure that they are being followed. Examples of a law that is frequently broken is that agents should not yell at you over the phone, ask you to pay more than you owe, call repeatedly or continuously, call before 8:00 AM or after 9:00 PM, threaten action they cannot or will not take, etc.. Verbal abuse is against the law, and you should simply hang up the phone. Each state can vary, so research your local and state laws. When you know what your rights are, you will not let the creditors have such a hold on you or control the situation as they always think they can do.

I have a rule that I recommend to my clients or prospects once they are with us at Edit Your Credit, LLC located in Downingtown, PA. The balance you may carry on your credit cards should never exceed more than 30 percent of your credit limit, NEVER! By keeping the balances low on all major credit cards, you’ll be able to make your monthly payments a lot easier and to maintain a healthy debt ration which accumulate for about 30% of your credit scores. Also, by keeping that debt ratio low, you will never have to worry about making your monthly payments and your balances will never go ballistic along with the possibility of the creditor either lowering your limit or raising your interest rate or both. Anything over this limit will not be good for your financial situation long term. You will eventually self destruct and default on your future payments because of higher interest rate and payment. Please do not let this happen to you.

If you have debts with a collection agency, make sure to let them know that you are willing to work with them. Do not ignore them, the account will not go away from your credit reports. You can talk with the collection agency representative about setting up an affordable payment plan. You also want to try and negotiate the debt to a lesser amount with an agreement in writing that they will delete the account if at all possible. They will often be willing to work with you since they are happy you are offering to contact them and make any payments arrangements needed. If you ignore the collection calls, you will get nowhere and just make matters worse. You will still owe the money anyway, and you will find that they may be less willing to work with you, and may even decide to take legal action if the amount of money owed is a large sum of money. Try to communicate to them about your financial troubles that paying your debts to collection agencies because of the large sum, and that you have other financial obligations with other collection agencies and that it is a first come, first serve basis. When you run out of funds, that is it. They are more likely to help you by cutting your debt in half and if so, see if they will go lower. Try to work with the collection agency, not against them and only if your creditors have sold your debts to a collection agency. Find out if the collection agency offers any type of payment plan and what the end result may be. Don’t try to avoid your debts or the collectors; it will not make anything better. Some creditors may be willing to reduce your debt if you set up a payment plan through them. Remember to stick with it once agreed and get everything in writing with both parties sticking to their contractual agreement.

This is a mind set to hurdle. Be patient and honest with yourself. Be determined and educated as you can get your credit issues under control. Take what’s offered here to improve your credit report and your credit score rating. Fix and learn from your credit issues and reduce your level of stress, embarrassment, and humiliation. Be proactive, not a procratinator. Until next time……..

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Credit repair is not for everyone. Why? Because some qualify and some do not, honestly speaking. This is what gives Credit Repair a bad reputation because a lot of professional credit repair companies will over promise and undeliver just because they see the value($) and only that. Some companies really do not have your best interest at heart. All they see is an opportunity to make money, others like Edit Your Credit, LLC and Kansas City Credit Services treat you as if it were their own. Why do I make that statement? Actually it is a pretty simple answer(s). Please read on…

First and foremost, a possible client has to qualify for our credit restoration program. You ask, what are the qualifications. First the clients has to give us the main reasons on why they believe they need our services. Is your personal information correct such as your name, address, date of birth, social security number, employment information, same similar last names merged with your report? They also need to give us the names, accounts, and reasons for the needs of credit repair. Is the account accurate? Is it their account? Is the account reported as an opened or closed account? Was identity theft involved? Is it reported as paid and satisfied? Is the date the account was opened correct? What type of account is reporting? An installment account, a revolving account, mortgage account? Is the account past due? Was it charged off? Is the account status correct? Were you ever late? Was it a legal judgment reported against you? Is the account over 7 years old? And if so, how do you really know? What was the date of last activity? Was the account re-aged? These have to be questions out of many that may be asked and inaccurate. If they are found to be inaccurate, misleading, incomplete, or unverifiable, then the credit bureaus must delete the account according to the Federal Law and the Fair Credit Reporting Act of the United States.

If the accounts are reported negatively or report adverse account information but are completely accurate and complete, then the information must remain because it is correct. Therefore , you can do nothing and a professional credit repair company can do nothing for you but take your money if you had decided to use them for what I call scam artists. NO, NOT ALL PEOPLE QUALIFY FOR CREDIT REPAIR OR CREDIT RESTORATION!

We at Edit Your Credit, LLC located in Downingtown, Pennsylvania, toll free at 877-820-4509 and Kansas City Credit Services located in Kansas City, Missouri, toll free at 877-655-8001 always screen our clients to see if they qualify for our programs. If so, we just do not do credit repair. To be honest with you, credit education, coaching them thru rebuilding their credit as this is as strong, if not stronger on building and raising your credit scores. Negotiating with your creditors and debt collection agencies provide a very good value also. Combine all of these ingredients into our programs and usually our clients will see a very good increase in their credit scores. Notice I do not give a time frame as this is illegal to do so. It is like anything else, time heals. Credit Repair by itself is ok but just does not work by itself and is as effective as it was years ago, especially because of the new FICO scoring formula which states that payment history, debt ratio, applying for credit, a well balanced or structured credit report, and opening new accounts all play a role in the new FICO formula and credit scores.

I hope that this article gives you an overview on why some people qualify and some do not. It would be smart to pay your bills on time before they become to delinquent. Negotiate with your creditors before the bad times hit your report. Remember, a recent late pay or collection account reported may devastate your credit score anywhere from 30-55 points per credit bureau and per account. That my friend, you do not need and 99% of the time credit repair companies can do nothing for you unless you have proof or documentation proving the error.

So do your self a favor, pay your bills on time, keep your debt ratio under 35%, do not apply for credit unless absolutely needed, and once you have received a notice from a third party collection company, NEGOTIATE it immediately with a preferred agreement in writing  that the collection company will delete the account, mark the account as “paid as agreed”, or “paid in full”. These will best benefit your report and credit scores.

Please make a committment to check your credit report at the beginning of the New Year, 2012 and if for some reason(s) you find inaccurate, errroneous, incomplete, out dated, or misleading information, please give us a call to see if you “qualify” for our program and services. Until next time, Merry Christmas & Happy New Years! Be safe! Remember to give the gift of mercy, kindness, gratitude, and to remind them about checking their credit reports at least twice a year. They will thank you I can assure you.

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How is your credit report score? There are countless credit repair companies on the internet and world wide web.  They will promise to assist you to erase your financial debt and try to raise your credit score by making all kinds of promises let alone excuses. It is very complicated to research for an excellent credit repair service company. If you have a lot of patience, whole lot of time to create, write, and mail disputes letters as well as being an organized person who pays attention to detail, then by all means, try to do credit repair yourself. If you do not or prefer not to invest in these strategies and tactics, then I would recommend to invest in a professional credit repair company like Edit Your Credit, LLC. Remember, do not commit until you have done and concluded your research. If you do not like what you find or see, then you can handle your credit repair services yourself.

How do we decide upon the credit repair services are qualified and skilled? You will have to uncover all the information you can find about the credit repair company. When you research in the world wide web you can discover listings of many professional credit repair services but out of them, to uncover the one which is best to suit your needs is a very tedious and tiresome task usually resulting in hours, sometimes days in just research. A qualified service can manage your credit report score and advise you in a credible manner on educating you about a plan that best fit your needs and concerns. They hopefully will be able able to settle all your disputes linked to your credit report that may include debt negotiation, removing inaccurate information, out dated information, and possible other simiular names known as AKA’s. 

We should certainly want to know about credit and the experts associated with these credit repair services and the knowledge of credit repair and the type of business conducted as you have to be concerned with which credit service company to service your needs. A credit expert will very much so to be able to assist you to decide upon your credit repair decision based on his knowledge and information related to his business and your questions.

A lot of times, I will  give you no cost advice also about your credit report and your credit scores. At the time of credit repair, we have to take treatment about our legal service fees. We cannot charge you an upfront fee and we advise you that you can do this for yourself. You can uncover these credit repair professionals who deliver credit repair services for a decent but not overpowering fee. You can imagine it would be less painful for you to decide on the credit repair company if you had the knowledge of doing so beforehand.

If you’re in the market to take out a new line of credit or obtain a mortgage, you must be aware of the extreme importance of your credit score. Your credit score is nothing but a three-digit number that is there in your credit report. With a good score, it is more likely that you’ll be able to take out a loan with an affordable interest rate meaning lower affordable payments. There are many people who have committed various credit mistakes and have tarnished their credit score, most by being at a younger age, usually before they are 25 years of age. This is the most possible reason for the lenders turning down their loan offers. Most financial experts say that a person with troubled credit should initially go for credit repair before taking out a loan so that they may settle on the best loan in the market. If you go for professional credit repair help, it is possible to boost your credit score but not all collection or debt relief options will boost your credit score. You need to look for ways in which you can boost your credit score through various options such as credit repair, debt negotiation, and living within your guidelines such as a financial planner or budget based on your income and outstanding debts. Until next time…………

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The questions here are, do I have the time, patience, organization, and the knowledge of credit repair? What do you do with a verified response? How do I settle on a collection account and what is the best way to do so in order to help my credit? Remember this, if you have any doubts about doing this, then hire a professional and credible credit repair company. But in order to do so, you must do your homework and research on each credit repair company. For us at Edit Your Credit, LLC, we are often asked many questions. Questions like, what can you offer us that we do not know or cannot do for ourselves already? The answers are dependant on what the consumers needs are and what their financial goals are. Some may have a goal of purchasing a home very shortly. Some may just want to better their credit scores or credit reports. Others may have to refinance or purchase an automobile. Each persons credit report is different and so may the results.

Others may ask for a time frame. By law, credit repair companies may not give an exact time frame or credit scores. We can only estimate and I do not prefer to even do that. We do not have a clue what the credit bureaus will give with a credit score. We do have a fair idea that a credit score will increase with time, a lower debt ratio(30% of your FICO Score), payment history(35% of your FICO Score), having inaccurate or outdated information removed from your credit reports, may be on a budget plan, opening larger lines of credit, actually lowering your debt ratio which will usually increase a credit score, or a possibility of a merged credit file with another human being such as common last names are usually the case, or identity theft.

These are the many questions we have asked by a consumer. The one ingredient that we always have compliments on, is that we will teach and educate our consumers “throughout” the credit repair process. We offer education, understanding, rebuilding your credit, and the mutual benefits of doing do. In most cases, our clients see moderate to very good credit score increase within 3-6 months once again depending on their credit reports. Some are definitely worse than others and we realize that and we try to be “realistic” with their goals as well as ours. Where other companies promise the world, we promise that we will try and do what is best for you, not us. They break the law, we help accomodate the law.

The one thing to remember, you have to be honest with yourself. If you expect a major clean up within a few months, it is possible but more so unlikely. Most credit repair problems took years and years to have reported, it is not going to be corrected or go away in days or weeks. It is just not a real case scenario. If it is unsually too good to be true, it usually is. I always try to be real, if you do not like what I say or recommend, then I wish you the best and hope to hear or see you some time down the road as they say. The companies that promise you everything, usually over promise and under deliver but they sure did or could take your money!

There are a lot of web sites on the internet that will give you credit repair companies, guidelines, and credit repair sample letters to help assist you with credit repair. The problem with the sample letters is that they are templates, usually used many times over and usually when received by the credit bureaus will consider the dispute frivolous. At the same time it states by federal law that a credit bureau must conduct a reasonable reinvestigation of the accounts you are disputing. They still ignore in many cases the dispute letter. Now what do you do? That is where the possible benefits of using a professional credit repair company may best serve you.

Yes, you may do it for yourself. It is a law that a credit repair company must advise you that you can try to do credit repair yourself. Others may choose to use a professional credit repair company “because” they do not have the time, patience, and organizational skills along with the knowledge of how to utilize and implement the federal laws to your advantage. It is that simple. Until next time……….

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