My Credit Expert – Ways to Fix Credit Problems

A lot of people, at one time or another, have probably experienced a moment when his or her credit score was not at the best that it could be. This was probably due to a bad purchasing decision, a payment due date that was overlooked, or even something that was beyond their control like an error on the report or fraud. My credit expert notes that it is definitely quite challenging to improve a credit score–it certainly is easier to lower it than to raise it. But fortunately, there are a few steps that can be taken to try to fix it in order to turn it into something that is more acceptable for businesses and will make it easier for you to be approved on loans and other financial matters.

Pay Up. The very first thing that needs to be attended to is debt, especially ones on your credit card. You need to focus your energy and resources on paying off what you owe, as this will improve your credit rating immensely.

There are a number of ways to do this. Your first option would be to pay more than the minimum amount required each month. Remember that the longer you take to repay the charges, the higher the interest rates go, which results in more debt. Another alternative you could choose is to borrow against your life insurance, as usually the interest rate on this is lower than the commercial rates. Or you could try to convince some close family or friends to loan you some money instead.

Cut Down. You have to realize that one of the possible reasons why you’re in credit trouble is because you may be spending more than you can really manage to pay. Financial stability begins with you being responsible enough to make the sacrifice of cutting down on unnecessary expenses. This also means that you should minimize the number of credit cards you use. To resist temptation, only bring one credit card with you when you leave the house and whenever you are about to make a purchase, take the time to assess whether or not you really need it.

According to my credit expert, fewer records of huge amounts of debt affect your credit score positively and if you are a smart shopper there’s less of a chance for you to rack up a total you can’t pay off.

Get Secured. One of the main functions of a secured credit card is to help people repair their bad credit. It does this by assisting in rebuilding a solid and clean credit history. While maxing out credit cards won’t help improve your credit, neither will letting it go dormant. The secured credit card gives you an opportunity to log in some purchases but will ensure that you only spend what you can immediately pay.

We really need to make an effort to keep our credit report clean so we can avoid the problems related to a poor credit rating. My credit expert and any other financial adviser can attest to how important this is. But of we are already in a fix, the steps above can help you get out of it and re-establish your credit reputation.

There is more that you can learn about ways to protect, fix, and boost your credit score from my credit expert [http://mycreditexpert.org]; visit [http://mycreditexpert.org] for more valuable information and helpful financial advice

Credit Repair Companies – Find Credit Experts and Certified FICO Professionals – Improve Your Score

Late payment of credit bills or defaulting from payment can seriously affect one’s credit scores. It affects a person’s credibility in securing a loan or a credit card in the future. This can cause dangerous repercussions and leave the person dependent on others for money. It is always advisable to keep your credit score clean.

But sometimes even the most organized person may end up with a bad credit score. Luckily, the law provides a chance to help the person out the situation. This is where the credit repair companies come into picture.

ROLE OF CREDIT REPAIR COMPANIES

Credit repair companies have a primary goal to ‘improve the client’s credit score’. They offer legal credit solutions to help improve their client’s credit score. They study the report of the client to look for any inconsistencies. Once having identified disputable items on the report, they take it up with the creditor to challenge the report. If the inconsistencies cannot be verified, then the company helps you file for damages. Some companies also offer credit management services to teach the client how to maintain a good credit score.

BEWARE OF SCAM COMPANIES

A person must always be aware of the service they choose. There are companies that scam desperate people, who are badly in need of help. There are other companies that use illegal means like identity theft to make it look like there is an improvement in the credit score. It is illegal and felony to do so and if discovered, the person may face jail time.

INDICATORS OF A GOOD COMPANY

It is very easy to tell a good company from a bad one. Here are a few indicators that it is a scam.

The company asks for payment upfront. Any citizen is legally entitled to pay the credit repair company only after the case is settled.
If the company promises to erase the credit record, it is clearly a scam. It is impossible to delete it. One can only improve the credit score.
When the company asks the client to create a new credit identity using Employer Identification Number (EIN) instead of the social security number, it is undoubtedly a scam company.
If the company asks a person to file all the items in the record as false irrespective of the validity, then it is a scam.

FIND THE BEST CREDIT REPAIR COMPANY

Self acclaimed Credit pros, may not be professionals after all, although as an industry they are one of the top sought after services in the country. Understandably, without money or credit life’s dreams are halted in a hurry. Be sure to look for a team of certified FICO professionals, who offer professional and legal credit solutions and help can anybody with a bad credit score. Check reviews and see if the company has a record of being successful and customer friendly in all their cases. The clients’ testimonials are a proof for the good work they can do.

WHAT SETS A CREDIT PROFESSIONAL APART FROM THE REST?

Payment is accepted only after the client’s requirements are met and payment plans are also available.
The client can cancel their service at any time they see fit.
They offer life-time support for the cases they handle.
Team of FICO certified professional experts guarantee success and do not oversell.

If ever you have a credit record problem, you should be able to seek a free consultation from the credit experts. With upfront information and a proven track record, you can have confidence that you have found the right credit repair company to help you.

Learn How Credit Repair Companies Work. Can You Tell The Difference Between A Good And A Bad Credit Repair Company? We Take the Guess Work Out for You.

You Are a Credit Expert

There is a real flood of different credit offers and everyone seems to use credit these days. All these offers sounds good, but surprisingly so many people get into problems with their credits. Although the topic of finance is rather difficult for understanding people have to deal with it because we come in contact with finance every day. To improve the situation with bad credit people turn to agencies, bureaus of different kinds. But specialists on credit repair say that a consumer can become a credit expert for him/herself. They say we can have e better credit rating with a little knowledge.

Those consumers who are not disciplined enough to keep constant control over their finance start suffering from credit issues such as collection accounts, tax liens, judgments or generally a miserable credit report sooner or later. They struggle to pay bills and when they try to get a credit card somewhere they have the embarrassment of being turned down. There is a reason for this. Everything that they do with their credit is recorded over time and if they do one thing wrong it becomes a part of their record for years. “Company” educates such consumer to deal with their credit effectively. With “Company’s” help consumers can absolutely remove negative credit and improve their credit score using legal methods. There are thousands of happy consumers who have been educated by the “Company” and now they are in control of their own credit. They use the knowledge obtained and do their work themselves.

“Company” provides the consumers with credit repair-debt negotiations strategies (E-book) written by national credit expert Kristi Feathers, Sample letters for creditors, collection agencies and credit bureaus, Debt collection articles, Credit repair articles, Access to a Members only discussion forum to share ideas, free e-book on money issues, Legal research center, expert tips and strategies from a credit expert who worked for collection agencies, etc. All the sample letters are written by a credit expert who knows how to deal with debt validation and bureau investigation.

There is a one time fee to get to get the self help package. Those who have run through this education felt the difference and the real value of the company because it educates the tactics that really work. What they say is as follows: “I was absolutely shocked when I started sending letters to my original creditors and collection agencies and found that all of them except one could not even validate that I owed them any money! I almost paid the debts out of fear until I used your book. Thank you for keeping me from making a VERY costly mistake. You literally saved me thousands and my credit report!” A.V.

How Can I Buy a Car With Bad Credit?

According to an article in consumers affairs;

In general, it is better to go with a bank or an auto financing lender rather than the car dealership down the street that is offering a “buy here, pay here” deal. If you do wind up with a high interest rate on your car, work on rebuilding your credit score so that you can eventually refinance.

If you suddenly find yourself without a car you might be asking, “How can I buy a car with bad credit?”, well, You DON’T! I know not having a ride can be a problem, like how do you get to work, or what if you want to go out? Well as far as getting to work goes, see if a work colleague lives near you and chip in on some gas for a ride. As far as getting out from time to time, there’s always Uber.

You want to give yourself a few months to save up some money and pay cash for a vehicle until you can get your credit to a point where you can get a 6% or less interest rate. Your choice of vehicle will be better and the total cost for the vehicle will be a lot less.

Another problem with buying a car with bad credit that most people forget is car insurance. Your insurance premiums unfortunately are also based on your credit score. The combined monthly cost of your car and insurance could be challenging. Again, waiting until you have a good credit score will save you on insurance as well.

Here is an example based on $35,000.00 vehicle purchase at 20% versus 6% on a 5-year loan.

$35,000.00 at 20% interest you will pay over $15,000.00 in interest at 6% you will pay approximately $5,000.00 in interest. Quite a difference.

Your total cost for the vehicle is about $15,000.00 less in interest at 6%, and your monthly payment is approximately $250.00 less per month!

OK let’s play a little game, what if you took that $250.00 per month that you’re NOT paying in interest and invested it each month over the same 5-year time period with a 6% return?

Well you end up EARNING $3000.00 instead of PAYING $15000.00. I’d say that’s a pretty good argument for doing everything you can to avoid a high interest car loan.

Instead, put ALL your resources into getting your credit fixed. This will put you in to position to buy at a good interest rate with minimum money down. This will save you a ton of money and you won’t regret it!

Buy a new car or even a used car is never a good investment, but one you can’t avoid. Buy a car with bad credit, as you can see, is yet a worse scenario. Make sure you do whatever it takes to avoid this costly mistake.

If you considering purchasing a car in the near future and have some credit challenges be sure to check with one of our Credit Experts to see how you can improve your credit for the best interest rates and no money down options.

Applying for a Personal Loan With Subpar Credit – What to Know

Anyone that finds themselves with multiple balances on credit cards that have high interest may consider looking for a personal loan with bad credit. This allows them to transfer those balances and take advantage of a lower interest rate to pay off their cards. Sadly, many banks will turn them down due to their credit. Thankfully, there are ways to get a loan that will help them save money, even with that low credit score.

Whether due to financial issues, job loss, or just striving to build a good credit score as a first time user it is difficult to get a loan. The way credit reports work is always changing and there are many factors that affect a person’s credit. It’s important to stay in the know about how to build it, and what your options are. There are likely more options than they think. Here are some ways to apply for and get a personal loan with bad credit.

How to Get a Loan with Bad Credit

Having zero credit or poor credit is a major issue when looking to secure a loan, because that person is viewed as a high risk customer who may default. It’s important to accept that until the credit score is raised, one won’t be able to enjoy the standard lending guidelines offered by big banks.

For anyone that’s been turned down for a loan or who doesn’t want to pay monstrous rates, here are some options:

Consider a Home Equity Line of Credit

If there is enough equity in owned property, it’s possible to secure a tax-deductible, low-interest loan or line of credit that can be used in any way. The only downfall is that many don’t want to tap into their home equity as it puts the property in jeopardy if they can’t repay it. However, with a steady income and a bit of discipline then this can be paid off and is a less pricey option no matter what the credit score!

Try and Apply to Credit Unions

Credit unions are so much better than a regular bank. That’s because they are member-owned. Usually they are founded by people who have something in common whether it be living in the same area, or working in the same profession. They are nonprofit and have a sole purpose of helping members. They offer great customer service and low fees.

Borrow from a Friend

Consider what’s called P2P or peer-to-peer lending. There are even sites online that let a person borrow from someone directly rather than a bank. This form of lending is getting very popular and is quite simple. It’s a winning situation for both investors who want to earn interest and borrowers who enjoy paying lower rates. It’s the perfect solution when looking to apply for a personal loan with bad credit. Current rates with P2P lending are as low as 6%. That’s far lower than most credit cards.

Family Loans

If an online peer doesn’t pick up a loan request, there’s always a chance a family member might. However, it’s more than important to treat a loan from someone in the family just as a professional loan. It should be documented and recorded. A written agreement should show the interest rate, terms of repayment and collateral that’s going against the loan. It should also lay out all the actions to be taken if the borrower does not repay.

What About a Co-signer?

If one is searching for a personal loan with bad credit and they don’t have a family member or a friend that is available to offer the loan, maybe they would consider co-signing. This is when someone who trusts that the borrower can repay the debt would take a chance on them and be a back up to repay the loan should that person default.

Bad Credit Auto Loan: A Way to Repair Your Credit Score

Having a car has become a necessity in today’s fast growing world. But to obtain a car you need a good credit score. What do you do when you know that it is not as good as it should be and you find yourself in a tight spot financially? The first thought that comes to your mind is whether you will qualify for an auto loan. And, why would a lender approve loan application of an individual who has a spotty credit score? But the good news is that you can get a bad credit auto loan.

What is a Bad Credit Auto Loan?

The simplest definition is that you can get money for buying a car with a bad credit score. A credit score depends on your ‘creditworthiness’. So when you have a bad credit score, getting an auto loan becomes difficult because a lender thinks that you are unable to repay your debts. Today, owing to online services many lenders offer attractive interest rates on a bad credit auto loan providing the borrower a sigh of relief!

It’s no Picnic!

Getting an approval for a bad credit auto loan is no picnic. It means that when your credit score is not in your favor, it becomes difficult to get approval. But, with the following guidelines, approval becomes easy:

· When your credit score is in question, don’t assume that it must be bad. The wise way is to check it yourself.

· It is the best time to shop around for a bad credit auto loan. Many lenders see borrowers with credit issues in a positive light. So it is important to shop around in order to make the right decision.

· Go online! Various loan options are available online which not only suits your needs but also offer you best interest rates.

· Consider a co-signer. A co-signer provides the security which lenders are looking for in a loan application. Your co-signer’s financial condition should be good in order to compensate for your low score.

Different Lenders have Different Viewpoints

Something that is multifaceted can be looked at from many points of view, with each point of view showing something new.

· You don’t have to worry about your credit score since the lenders are not going to looking at it. Instead, the lenders will look at how likely you will pay off the loan in future.

· The approval rate for a bad credit auto loan is higher than other conventional loans.

· It gives you an opportunity to improve your reputation. If you make timely payments, it can provide you with a chance to build a stronger financial standing.

On the approval of a bad credit auto loan, you will now have the money to buy a new car. You will have fixed interest rate and monthly payments. So now when you make the payments on time, it will not only repair your credit score but also build a good reputation with the lender.

When your credit score is not good, Online bad credit auto financing is the perfect way to buy a car. Apply with EZ Auto Finance and the online loan expert will help you to become a proud owner of your favorite car. Also, it will enable you to obtain no down payment auto loans.

Personal Loan and Its Different Advantages

A personal loan is an unsecured loan which is offered to a consumer for catering their various personal needs such as the renovation of a house, marriage, home appliances, buy vehicle amid others. This is offered after verifying one’s ability of paying especially the income source and also according to their credit history. A nominal processing fee will be charged and the sum as per a person’s paying ability will get credited to their account. In fact the loan payment is made via fixed installments which also includes interest and for fixed time periods. The icing on the cake is these days personal loans are a smart choice as one do not require going through a lot of formalities and tedious paperwork. Most of the financial institutions and banks offer personal loans today and the rate of interest is also quite reasonable.

Discover the different benefits

• Available easily- to get a personal loan is no longer a challenging affair. It is offered by almost all financial institutions and banks at a reasonable rate of interest. Compared to other loans it is convenient and easy to get

• No middleman or agent involved- for availing a personal loan one will not require taking the help of an agent or a middleman. This will avoid unnecessary expenses and delays. A person can approach the financial institution or bank for the purpose directly

• Unsecured loan- this is indeed an unsecured loan. Here no collateral security is needed for availing the loan. In fact, all that is needed is one’s ability of paying back the money.

• Less processing time- because it is accessible devoid of any guarantee or security the processing time needed to get this is naturally less compared to other loans

• All purpose loans- in this form of loan it is not compulsory for a person in specifying the reason for which they will be using the money.

• Minimum paperwork- to get a loan will not need any asset verification or other forms of certificates and proofs which include ample paperwork as none of one’s property is mortgaged

• Offers and schemes- different financial institutions and banks keep announcing offers and special schemes on personal loans, especially for the professionals such as architects, doctors, chartered accountants and the like

• Amount and tenure- these loans generally are provided varying from Rs 15000 to Rs 20 lakhs differing from one bank to another. The repayment can be made through EMIs

The bottom line is, rather than borrowing money from a credit card it is always better to choose a personal loan as the rate of interest is comparatively lower. So reap its utmost benefits.