Credit Restoration Advices You Must Read

Some individuals are spending hours on the telephone daily, speaking to creditors and lawyers and even more lenders, all in an attempt to break clear of those bad credit score chains that bind us up while keeping us from enjoying life. Bad credit can weigh on the shoulders until it’s looked after, so let’s go ahead and take steps to mend that score completely. Look into government backed loans should you not hold the credit that is required to look the regular route by way of a bank or credit union. They can be a major aid in house owners that are searching for an additional chance when they had trouble by using a previous mortgage or loan. Have a copy of your credit score at regular intervals, and maintain a careful look for agencies to report your repair efforts. If you are clearing negative issues on your credit history, monitoring your report allows you to verify that agencies are correctly administering facts about your status and this additional negative reports will not be being made.

Make your visa or MasterCard balances low. Possessing a high credit limit on the card can appear like you’ve won the lottery, but using that entire limit will reduce your score. Keep balances with a 50% maximum. 30% is a lot more of a prime target. And you don’t need every dollar that has been extended to you, in this way you happen to be showing that you could handle your credit well. When attempting to repair your credit, will not be enticed by the scams that explain to you they will enable you to produce a new credit file. Developing a new credit file is actually fraud if you opt to follow through. Should you create a new credit file, because it is fraud, you are able to face legal repercussions. By maintaining a favorable credit ranking, you might be able to reduce interest levels. This helps decrease your monthly payments, and help you pay them off quicker. Asking for a much better deal through your debtors may help you get out of debt and to achieving an improved credit score.

Be suspicious of collection agencies that try and talk over you together with is not going to answer the questions you have. Agencies that happen to be scams will try to keep you off balance by continuously talking without providing you with any facts. Should they aren’t answering your concerns and are threatening you, let them know to get hold of you merely in writing. Find a very good quality help guide use and it will be possible to correct your credit all by yourself.

These are typically available all over the net along with the information that these particular provide plus a copy of your credit score, you will probably be capable of repair your credit. Now you know a thing or two on how to repair that bad credit score, it’s time for you to put the tips into action and begin living a poor-credit-free life. Make sure to invest some time and also to examine each of the angles. You must keep plugging away at it until it’s resolved, though not all word of advice you read relevant to credit will instantly do the job.

6 Tips on Choosing the RIght Credit Repair Company

Imagine waking up every morning without the burden of financial hardship or a poor credit situation.

As you sip on your morning coffee, you’d be relaxed knowing that if you were faced with an emergency, you could get your hands on the money you needed.

Trouble is, according to CNN Money 76% of Americans life paycheck to paycheck – which is why having a credit history is so critically important.

If you have decided to repair your credit rating, you’ve made a wise decision.

Bear in mind, it will take a bit of time and persistence to get yourself back on track – however the peace of mind you’ll gain will be well worth the effort.

Here are a few tips to get you started:

1. Find a Reputable Credit Counselor to Help You:

Credit repair can be a complicated process. Professional counselors can give you the advice you need, and help you create a repair plan that is best suited for your unique situation. Look for companies that provide a money back warranty, full customer support, as well as 24/7 online access to a portal that tracks your credit repair process.

2. Avoid Companies That Use Templates and Form Letters:

Credit bureaus receive hundred if not thousands of dispute letters every day. To manage this volume, they rely on an automated letter sorter that earmarks form letters and marks them with a lower priority. Select a company willing to customize your letter so you get faster, more efficient results.

3. Start Building a Good History of New Credit Accounts:

An effective strategy to boost your credit score is to open new lines of credit. New credit accounts will impact your credit score by as much as 30%. It’s best to select a company with a close connection to creditors. That way it will be easier for you to gain approval for new credit accounts even if you have a low credit score or poor credit history.

4. Become Knowledgeable About the Way Credit Works:

Credit repair can be a long and tedious process. It’s best to deal with a company who is willing to explain and educate you about the credit process. The more knowledge you have the easier it will be to avoid the same credit pitfalls in the future. Select credit repair companies with a high rate of success: Far too many credit repair companies simply send out form letters and take your money.

5. Ask For a Professional Contract:

Legitimate credit repair companies will provide you with an agreement or contract.
Be sure that your contract covers all of the information that you have been told verbally. Take the time to read all of the fine print, and don’t move forward unless the terms of the agreement are clearly stated in writing. When interviewing companies remember to ask them about their “deletion rate.” The deletion rate is the percentage of negative accounts that are typically removed from a client’s profile. It will give you a good idea as to how effective their methods are.

6. Make sure electronic payments are available to track your investment:

Never pay with cash or deposit service fees into an account. Professional companies create a paper trail. They will accept credit cards or online payments that can be verified after the fact. You don’t necessarily have to meet face to face because most credit repair companies are set up to handle business virtually, but make sure that the company you deal with doesn’t ask you for unusual requests.

In a nutshell, there are several credit repair companies to choose from, some are good, some are not. It’s always in your best interest to review their credentials and verify their success.

Mastering Your Credit Scores

Your credit score can impact nearly every aspect of your life. It can control whether you can obtain a mortgage, auto loan, or even a job. With this said, it is vital that you understand how to improve your credit score. Federal law requires that everyone have access to one free credit report per year. The reason this law exists is to allow individuals to verify that their credit reports are accurate. If there is inaccurate information listed on your report, by law you have the right to dispute the inaccuracies; the credit bureaus have 30 days to investigate and respond to the disputed items. If the creditor who put the disputed item on your credit report cannot provide proof that you are responsible for the debt, it should be removed. To obtain a copy of your free credit report you can call 877-322-8228, or mail a request to annual credit report request service, P.O. Box 105281, Atlanta, GA 30348-5281.

After you have received a copy of your free report and have reviewed it for any inaccuracies; you will need to dispute them directly with all three credit bureaus. The bureaus include TransUnion, Experian, Equifax. Once you have verified the information on your credit report is accurate, you can then use the following suggestions to help you increase your scores.

• Make Your Payments On-Time – The single most important thing you can do to improve your credit score is to pay your bills on time. If you have had late payments in the past because you simply forgot to make the payment, you may want to set up automatic payment arrangements to pay your bills. This will ensure that your bills are paid on time.

• Credit Card Balances – Credit cards (revolving credit) account for 30% of your score. To maximize your score, you should always keep your revolving card balances below 30% of their available limit.

• Credit Availability – Your scores are calculated based on your unused available credit, how much credit is open, and the length of your credit history. The length of your credit history accounts for 15% of your score. Based on this factor, it would be in your best interest to keep your revolving cards open instead of closing them, because closing old revolving cards would significantly shorten the length of your credit history. To keep a revolving card open, you should use the card at least once every six months. This will keep them from being inactivated.

• Lack of Credit – Unfortunately, if you have very little credit because you pay cash for everything; you probably also have a low credit score. Scores are only determined by the activity reported on your credit report; cash purchases have no bearing on your current score. Therefore, you want to have at least one installment loan and two revolving accounts open at all times. If you are having trouble getting credit, you could apply for a secured card from a local bank or credit union, or you could ask a relative or significant other if you could become an authorized user on one of their revolving cards. Becoming an authorized user will give you an instant payment history. Just make sure that the account you are going to become an authorized user on does not have late payments, or has a balance near the accounts limit.

• Judgments and Collections – If you have a judgment or collection that originated years ago, when you pay or satisfy the derogatory item it may temporarily lower your credit score. Keep this in mind if you plan to apply for credit. You may want to delay paying off old collections right before applying for a mortgage or auto loan.

There are many other ways to help increase a credit score; but keeping your payments on time, managing your debt properly, and having a reasonable amount of available credit are the easiest ways to ensure an acceptable score. Just remember, derogatory credit will immediately lower your scores, whereas making your payments on time and keeping your balances low may take as long as six months to recover from one negative item reported on your credit report.

Are You a Reluctant Wanderlust in Business?

Are you a multi-talented, multi-passionate person who finds it hard to “commit” to doing “just one thing”?

Sometimes I feel like a loser when I couldn’t just “stick with it” when something ceases to give me a deep sense of excitement and purpose. Some may call it ADD.

Do you identify with being a “wanderlust” in life – not only having a desire to travel physically but also (and more importantly) to embark on a personal journey that involves experiencing all parts of SELF and all aspects of LIFE?

In different stages of my life, and especially in my own business, sometimes the tension between the strong pull to EXPERIMENT, to DARE, to chase FREEDOM, and the fear that comes up when I untether from the “known” would tear me apart.

Do you know the wanderlust part of you and the primal part of you may be at odds with each other, resulting in conflicting/self-sabotaging behaviors that hold of you back from soaring in your business?

Sometimes the restlessness eats me up as it turns into a nervous energy. Sometimes I fall into the comparison trap when I see my college classmates climb up the corporate ladder and score impressive titles. Sometimes I just feel plain lost and doubt… why can’t I just be everyone else and “settle down?”

***

COMMITMENT. FREEDOM. ANCHORED. EXPERIMENT.

HOME. WANDERLUST.

What some consider to be a daring experiment may be judged by others as “hopping from one thing to another” or being a flake.

It’s hard enough when the judgment comes from outside of us. But it can be downright self-sabotaging when the conflict comes from within ourselves.

The tension created by Commitment vs. Abandonment, the longing to Trust vs. the need for Certainty sends mix messages – to our selves, to others, and to the universe.

The conflict turns us into Reluctant Wanderlusts.

I don’t know about you but I have heard enough of those “free calls” to encounter quite a few of them talking about “commitment”… and, ha, to commit you just pull out your credit card and pay the money… only if it’s that easy!

“Commitment” on a superficial level can feel binding to us who has a fierce streak of wanderlust. How do we discern being committed from “staying put” out of fears or past/outdated conditioning?

When are we going to stop beating ourselves up from not being able to “stick with it”… just because others manage to stay in the same job for 10 years?

What is being daring, adventurous and open to experimenting to uncover a deeper part of us, to challenge the status quo and to stretch ourselves; and what is just plain “avoidance” – running away from what we have to face in order to expand and grow (but feel hard and gut-wrenching)?

The lower chakras’ need for certainty and safety fighting the upper chakras’ desire for inspiration and expansion creates conflicts that muddle up our energy and make everything feels like we have one foot on the gas and one foot on the break.

How do we commit, without feeling being tethered? How do we make the wanderlust in us and our need for certainty play nice together so we can finally lift the foot from the break?

With the propensity toward “freedom” also comes the intense desire to find “home.” Without properly defining what each one means, we fall prey to internal conflict that keeps us from moving forward.

***

Can “wanderlust” and “home” co-exist?

1. Accept

Accept that we have that wanderlust part in us, and we have the “cave(wo)men” part in us. They are all parts of us being us and denial or avoidance will only create more tension that triggers self-sabotaging behaviors.

We need to have ALL of us on board for the actions we need to take, in order for the actions to be aligned, meaningful and impactful.

2. Commit

Commit to BEING someone, not to DOING something.

Make that commitment to yourself, not to someone else.

Commit to an identity and use it to guide actions. This can be exceptionally freeing because there is room for possibilities, adventure and experiment.

3. Anchor

Life is dynamic, not static. To soar upward, there needs to be a grounded-ness.

We need some kind of reference point, or else we can be just plain lost.

But you are free to choose your anchor. What can give you an unwavering reference point so you can feel SAFE in the world?

If the “primal” part of you doesn’t feel its need for “safety” acknowledged, the subconscious mind (which affects 95% of our thoughts!) can throw a thousand “blocks” at you.

Is this anchor something you can hold onto, something you have “control” over? If it depends on other people or external circumstances, you can get into a shaky situation when the rug gets pulled out under you.

4. Find your place in the world

This is “home” (which doesn’t mean a physical location); this is your CORE message. When you know what you are about, you develop a deep Trust to give you a sense of Inevitability that serves as rocket fuel behind all your intentions and actions.

“Niching”, in its truest and broadest sense, is about finding our role in the community, our place in the world.

When you can articulate your core message into how you fit into the larger ecosystem (aka, how you create value and why you are relevant to the community you want to serve), you have found home through your business endeavor – a “home” that allows you to be YOU anywhere in the world.

When you find the WORDS to talk about how your conviction is translated into your work, you turn the inkling in your Guts into something your “logical mind” can get on board with.

When you find the WORDS so you can step up to own what you do, you voice it and set the intention for it to materialize.

When you get your entire SELF on board, you find a renewed excitement and commitment for your business.

Ling is an Intuitive Brainiac. Through her unique blend of Business + Marketing coaching with a Mindset + Psychic Twist, Ling Wong helps Maverick Entrepreneurs nail their message, claim their superpowers and muster up the GUTS to monetize their Truth.

Ling helps her clients find their Message, nail the WORDS that sell and design a Plan to work it, through her intuitive yet rigorous iterative process born out of her Harvard Design School training and 10 years of experience in the online marketing industry.

Choosing a Bankruptcy Lawyer Without the Headache

Bankruptcy lawyers are doing a whole lot of business nowadays. Whereas this should be an advantage for anyone looking for an attorney, the number of lawyers actually makes it harder to locate the best in the lot.

There is, therefore, a need for clients to take their search seriously for better legal representation.

To help you find the best lawyer and to enable you file for bankruptcy without any disappointments, here are some factors to consider:

Your friends and relatives can come in handy when you are beginning your search. The idea is to get as many recommendations as possible so that you can have a list of candidates to choose from.

Your search for advice should be limited to those people who have hired the services of bankruptcy attorneys before. You may opt for the directory addresses you find but they are not as advantageous as having word-of-mouth recommendations.

Lawyers usually work with other lawyers, among them bankruptcy attorneys. If you know a lawyer you have worked with before, you can ask them for their opinion and advice. They might even be able to recommend the services of good attorneys they know or work with.

If you do not know any lawyers and you cannot get word-of-mouth recommendations, you can also settle for the list of the bar association in your state. With the internet here to serve us, you’re also able to hook up with a good attorney online. All you have to do is look for reviews of local attorneys.

You can narrow down your search by looking for specific bankruptcy attorneys in your state or near your area of residence. You may also opt for the actual search for an attorney, which involves visiting different law firms or offices of lawyers. This step, however, takes time.

Do not settle for a lawyer without interviewing them first. This is a necessary step as it will enable you know a bit more about the lawyer you are looking to hire for your case. Initial consultations are very helpful. Most people decide whether to hire the lawyer they interview or moving on to the next on their list at this stage. Your lawyer should be well-rounded.

She or he should know their way in and out of court. They should also have experience working with debtors, creditors and court officials. Above all, their communication skills should be unmatched, because this will be crucial in negotiating during the process.

Payment is paramount in any legal representation expect for pro-bono (free) work. Make sure that you and your lawyer work out a good and reasonable plan on how you will pay for their services. It is also wise to make a comparison of prices before you settle for any specific attorney.

This way, you can take advantage of any offers and price reductions through negotiations. Availing all materials relevant for your case is also recommended. These may include documents such as your bank statement, etcetera. The bankruptcy lawyer will then know how else you can contribute to the process.