Veterans
Can Fix Their Own Credit Challenges
DIY Software
Makes Credit Repair for Veterans Fast, Easy, and Effective
Can Veterans fix
their own credit problems? Well, as General Manager of VeteransToday.com,
I have been helping Veterans get VA Loans for many years now. Most
of the work is helping veterans position themselves properly
so that getting that VA Home Loan is fast, simple, and easy.
Now, the biggest
single reason that I can't help veterans get a VA Home Loan
funded is that darn credit score. Typically, our lenders need
a credit score of 580 or better to fund a VA home loan mortgage.
However, too many of our veterans have scores that are lower than
this threshold. Thus, I spend much of my time counseling veterans
on how to get that score up. It's tough on everyone!
Now if the veteran
is making lots of money and is a position where they really have no
time to invest, they can hire expensive credit counseling services
to do it for them. But really, most of our veterans are not
in that position. So I am always asked, "What can we do
to get our credit fixed and our score up? Well folks, we can
do it ourselves and here's how;
First, we
must get get pro-active by attacking the problem, not as an obstacle
but as a challenge. In fact, let's adjust the word
"problem" that we use in our discussion here and replace
it with the word "challenge". This adjustment
will allow us to get in the right frame of mind to succeed.
Believe me, it's a tiny change that makes a huge difference.
In fact, you might want to use this technique in every day life. Yeah,
with your kids, family, at work. It's really effective!
I do and it always works. Well, except with my wife! But
hey, give it a try anyway! We continue.....
To resolve
credit challenges, we must find find out what issues are
really at play on our credit report. Now, there are sites like
FreeCreditReport.com
and AnnualCreditReport.com
that will provide us with a copy of our report for
a fee. That's a good start. But really, we
need more power than just knowing. We need a tool that
will launch and manage our MISSION TO FIX THE CREDIT
REPORT.
The tool I
recommend is written by a caring fellow veteran in Denver Colorado.
Its really good, just like the pros use. It's called YOUR
CREDIT WIN. It's a software application that you install
on your computer. Check it out!
It will give you
the power to take action, track, and resolve your credit challenges
so that you can start repairing your credit right now efficiently
and effectively NOW!
But before you get YOUR
CREDIT WIN software and start using it, here
are some things you need to know!
| Facts: |
| -
Up to 79% of all credit reports do contain some errors, according
to consumer reports. |
| -
By law, all unverified credit information must be removed from
your credit report. |
| -
Restored credit will help you qualify for cars, credit cards,
loans, mortgage and refinance at the lowest rates possible. |
| - Bad
Credit will cost you thousands of dollars in higher interest
and fees. |
Is Credit
Repair Legal?
Surprisingly,
this is still often asked. It is because of consumer complaints
about inaccuracies and incomplete credit reports that congress passed
laws allowing for, and specifying the procedures, for credit repair.
This credit repair process is 100% legal. In fact, one of the key
laws (The Fair And Accurate Credit Transactions Act) was recently
updated with many important provisions. Congress has also created
law, The Credit Repair Organizations Act, which authorizes a third
party to assist you in challenging inaccurate credit reports.
This is why so many "Credit Repair" companies are now
charging $500 to "Help" you correct your reports.
Are
There Other Laws That Affect The Credit Repair Process?
Yes, some laws
directly impact the reporting on your credit reports. Others have
an indirect affect by clarifying processes for disputes and collection
procedures between consumers and creditors. These include: The Fair
Debt Collections Practice Act, The Consumer Credit Reporting Reform
Act, The Consumer Reporting Employment Clarification Act, as well
as many state laws.
How Does
The Credit Repair Process Work?
The credit bureaus, as
well as creditors, are required to follow accuracy procedures before
they can legally place information on your credit report. Any information
that is not complete, or not accurate, or not verifiable is not
supposed to remain. During the process creditors and credit bureaus
are forced to back up their claims of accuracy. Once an error is
identified, if it can't be proven 100% accurate, the item must
be removed. There are other methods also used in special situations.
These are explained on a case-by-case basis. Start by examining
a client’s personal credit file held by each of the major
credit reporting bureaus (TransUnion, Equifax and Experian). Then,
identify any accounts that contain information that could be considered
adverse. Next, dispute all of the accounts that contain inaccurate,
erroneous, or obsolete information on the client’s behalf
and have the accounts deleted or updated accordingly. Finally consult
your clients on how to avoid future negative credit listings while
educating them with helpful tips on how to use their credit to their
advantage and boost their scores.
Does Paying Off
Old Bills Repair My Credit?
"I
would encourage anyone to take advantage of Your Credit
Win repair software because it works! And it will save countless
hours - many thanks" D. Weisenburger of Colorado. |
Old debts need to be
handled very carefully. It would take too long to explain in detail
here, but to summarize one key problem: When you pay an old debt
off, it does NOT remove it from your credit report, as many consumers
assume. Instead, it is updated as a PAID collection or PAID charge-off,
etc. This is better than unpaid, but not as good as it being removed
entirely. Sometimes PAID is the best you can do, other times you
can do better.There are other factors that need to be weighed before
approaching old debts. Collection statues need be considered and
will vary from state to state.
How Will I Know
When The Negatives Come Off My Reports?
You will receive an update
from the credit bureaus themselves for each issue that we initiate
an action on.
How Long Will
The Whole Process Take?
In the vast majority
of cases, veterans who use YOUR
CREDIT WIN see results in as little as 30 days.
The length of time to complete the full program will vary from person
to person. Each case is unique. The number of issues, the type of
issues, and the participation level of the creditors and bureaus
will all have an impact on the speed of the process. Typically,
the range will be from 3-4 months.
Is It Possible
For An Item That Was Removed To Be Put Back On My Credit Report?
It is possible, but extremely
rare. The credit bureaus are required by law to send a 5-day notice
before placing something back on a consumer’s credit report.
In addition, there is a higher burden of verification placed on
the credit bureau. Because of these added provisions, it is extremely
rare for the same item to be reinserted.
As you may know,
Professional Credit Repair Companies can charge thousands of dollars,
so Do it Yourself & Raise Your Credit Score 30-120 FICO Points.
Why wait?
The Federal Trade
Commission (FTC) cautions consumers to be wary of companies that make
claims regarding credit repair. These companies, commonly called credit
clinics, don't do anything for consumers that consumers cannot
do for themselves at little or no cost. So why wait to help youself,
just do it.
With YOUR
CREDIT WIN, you can dispute, manage and track your credit file.
Once ou understand what goes into your credit scores, you can fix
and maximize your credit potiential. More, the system will teach
you how to get your FREE ANNUAL CREDIT REPORT. Did you
know that everyone is entitled to a free credit report from all 3
credit agencies once a year? Yeah, and maybe more often under
certain circumstances! Your Credit Win will give you the power!
YOUR
CREDIT WIN is a TRUE step-by-step credit repair software
that anyone can apply to remove inaccurate, outdated, and unverifiable
information about bankruptcy, tax lien, judgment, foreclosure, repossession,
credit repair inquires, credit report rejections, and late payments
from all 3 credit bureau reports... Immediately!
| "Finally!
A Professional Credit Repair Tool that a Consumer Can Use!"
B. MaCartney of Arizona |
FEATURES AND BENEFITS
- Works with
all 3 Credit Agencies!
- Unlimited
Credit Disputes
- Credit Dispute
Letter Generator
- Track Your
Credit Repair Results
- Contacts
Manager
- Events Calendar
- Tasks Manager
- User Tracking
- Web Tips
- Export to
Excel, Word, PDF more
So the question
is "Do you do it yourself, hire a company to do it for you, or
just sit and do nothing?". Well, as men and women
of the armed forces, we all know that latter is unacceptable.
So proceed soldier.....and lets' get'r done!
-- Equal
Opportunity Lender - Providing VA Home Mortgage Loans to U.S. Military
Veterans