WARNING: The information that you are about to read is a do-it-yourself guide to credit repair. If you would like to have expert advice and coaching go to www.CreditandFinancialWellness.com
Ok, so now that you know why you should fix your credit the question remains how can I fix my credit? By the way, if you missed last weeks blog, we talked about why you should fix your credit.
I want to focus on a few things this week.
1) Analyzing your credit report
2) Creating a Game Plan for which areas to target
3) Creating the dispute letters to send to each credit bureau for each item
4) Repeating the process if necessary.
5) Reviewing credit on a quarterly basis
6) Making sure you don’t fall in the same credit trap in the future
Analyzing your credit report
As a loan officer I always hear over and over again, “can I just use my own free credit report”. The overall answer is “no”. Consumer credit reports are a great tool for looking at your credit history and analyzing what your overall picture may look like. The downside to these reports are the same issues that you may have with an outdated piece of software, unfortunately the information may not be the most accurate. For mortgages specifically, we use a tri-merge (all 3 credit bureaus) credit report. This will give us the most detailed history and score for your file. Contact me if you would like this report pulled.
Creating a Game Plan for which areas to target
Once you have analyzed your “accurate” credit report you can then begin to put together a game plan on which areas you want to target first. With each credit report comes multiple reasons why your score is what it is; these reasons are where you want to target your efforts. They can vary from derogatory accounts, to high balances on credit cards, they could even be a result of too many inquires. Picking which items are good vs. bad is where expert help or knowledge comes into play.
Creating the dispute letters to send to each credit bureau for each item
You can access these letters from a variety of sources online. There’s only one problem though, you need to make sure they are good letters otherwise according to federal law the credit bureaus can ignore your dispute under a variety of conditions. I work with a company that can help you with this step. For more information read on.
Repeating the process if necessary
Wash, Rinse, Repeat. Sound familiar…same thing here, if it doesn’t work the first time, keep trying. Again, one problem, the credit bureaus may not even tell you why it’s not working. Unfortunately you’re on your own for this one. It can be a very long and frustrating process dealing with the credit bureaus.
Reviewing credit on a quarterly basis
After a few months have gone by you will want to review you credit to see what progress you have made. This will also help you analyze what new issues may now be your top priority. Maybe you have been able to remove some lates, but now you need to focus on the old collections or judgments. Or calling some of the old creditors and having them remove the old inquires. There are many tactics to choose from and once again the best advice is to start at the top of the list of reasons and work your way down.
Making sure you don’t fall in the same credit trap in the future
So if by now you have been able to get somewhere with the credit bureaus and things are beginning to fall off, how do you ensure that you won’t fall into the same trap as before with your finances. Simple answer, get a coach! Work with someone that has your best interest in mind. Someone that you would not be ashamed to share your financial information with and most importantly someone that will help keep you on track with your budget and finances.
I’m not going to lie to you; these steps can be extremely difficult. It takes a lot of time and knowledge to be able to take care of this process efficiently. In reality it takes you more time than you probably have. So you may be asking, “now what, if it’s too hard and I don’t have the time or knowledge…what do I do?”
I have created a company that can help with this. The company is called Credit and Financial Wellness, LLC. Over the past 6 years of being a SR. Loan Advisor I have learned a tremendous amount of knowledge with not only credit coaching advice but financial advice. I have seen clients that have nothing…and I mean nothing in the bank to clients that are literally multi millionaires, and I don’t mean paper money…liquid cash I'm talking about.
I have also attended more seminars on business and financial principles than I care to count and with all this knowledge I would like to share it with you. The website for my company is www.CreditandFinancialWellness.com.
I know you may be thinking, “How do you have the time to fix MY credit” and the answer is I don’t! That’s why I have become affiliated with an amazing company that I put my seal of approval on. They are by far the industry leader in credit repair and their track record of success is nothing short of incredible. The best part is that their cost is very minimal for what they offer and amazingly enough these are attorneys fighting your credit flaws for you! Their information is also listed on my website.
Now the last step I mentioned is the coaching element; this is a service I offer and am very passionate about. Because of my knowledge in this field I have obtained many documents that industry leaders in financial management recommend. What I am offering is to coach you on your credit and financial success. If you are serious about getting your credit and finances straight once and for all, visit the website www.CreditandFinancialWellness.com to find out how we can work together to help you achieve financial wellness.
I’m also going to offer an unforgettable special:
*** For everyone that mentions this blog and signs up for the Credit and Financial Wellness Coaching and Credit Repair will get their coaching set up fee waived. That’s a $35 value! ***
Again, for any questions about how this amazing opportunity can change your credit and financial picture visit www.CreditandFinacialWellness.com.
Dedicated to your “Financial” success,
Ok, so now that you know why you should fix your credit the question remains how can I fix my credit? By the way, if you missed last weeks blog, we talked about why you should fix your credit.
I want to focus on a few things this week.
1) Analyzing your credit report
2) Creating a Game Plan for which areas to target
3) Creating the dispute letters to send to each credit bureau for each item
4) Repeating the process if necessary.
5) Reviewing credit on a quarterly basis
6) Making sure you don’t fall in the same credit trap in the future
Analyzing your credit report
As a loan officer I always hear over and over again, “can I just use my own free credit report”. The overall answer is “no”. Consumer credit reports are a great tool for looking at your credit history and analyzing what your overall picture may look like. The downside to these reports are the same issues that you may have with an outdated piece of software, unfortunately the information may not be the most accurate. For mortgages specifically, we use a tri-merge (all 3 credit bureaus) credit report. This will give us the most detailed history and score for your file. Contact me if you would like this report pulled.
Creating a Game Plan for which areas to target
Once you have analyzed your “accurate” credit report you can then begin to put together a game plan on which areas you want to target first. With each credit report comes multiple reasons why your score is what it is; these reasons are where you want to target your efforts. They can vary from derogatory accounts, to high balances on credit cards, they could even be a result of too many inquires. Picking which items are good vs. bad is where expert help or knowledge comes into play.
Creating the dispute letters to send to each credit bureau for each item
You can access these letters from a variety of sources online. There’s only one problem though, you need to make sure they are good letters otherwise according to federal law the credit bureaus can ignore your dispute under a variety of conditions. I work with a company that can help you with this step. For more information read on.
Repeating the process if necessary
Wash, Rinse, Repeat. Sound familiar…same thing here, if it doesn’t work the first time, keep trying. Again, one problem, the credit bureaus may not even tell you why it’s not working. Unfortunately you’re on your own for this one. It can be a very long and frustrating process dealing with the credit bureaus.
Reviewing credit on a quarterly basis
After a few months have gone by you will want to review you credit to see what progress you have made. This will also help you analyze what new issues may now be your top priority. Maybe you have been able to remove some lates, but now you need to focus on the old collections or judgments. Or calling some of the old creditors and having them remove the old inquires. There are many tactics to choose from and once again the best advice is to start at the top of the list of reasons and work your way down.
Making sure you don’t fall in the same credit trap in the future
So if by now you have been able to get somewhere with the credit bureaus and things are beginning to fall off, how do you ensure that you won’t fall into the same trap as before with your finances. Simple answer, get a coach! Work with someone that has your best interest in mind. Someone that you would not be ashamed to share your financial information with and most importantly someone that will help keep you on track with your budget and finances.
I’m not going to lie to you; these steps can be extremely difficult. It takes a lot of time and knowledge to be able to take care of this process efficiently. In reality it takes you more time than you probably have. So you may be asking, “now what, if it’s too hard and I don’t have the time or knowledge…what do I do?”
I have created a company that can help with this. The company is called Credit and Financial Wellness, LLC. Over the past 6 years of being a SR. Loan Advisor I have learned a tremendous amount of knowledge with not only credit coaching advice but financial advice. I have seen clients that have nothing…and I mean nothing in the bank to clients that are literally multi millionaires, and I don’t mean paper money…liquid cash I'm talking about.
I have also attended more seminars on business and financial principles than I care to count and with all this knowledge I would like to share it with you. The website for my company is www.CreditandFinancialWellness.com.
I know you may be thinking, “How do you have the time to fix MY credit” and the answer is I don’t! That’s why I have become affiliated with an amazing company that I put my seal of approval on. They are by far the industry leader in credit repair and their track record of success is nothing short of incredible. The best part is that their cost is very minimal for what they offer and amazingly enough these are attorneys fighting your credit flaws for you! Their information is also listed on my website.
Now the last step I mentioned is the coaching element; this is a service I offer and am very passionate about. Because of my knowledge in this field I have obtained many documents that industry leaders in financial management recommend. What I am offering is to coach you on your credit and financial success. If you are serious about getting your credit and finances straight once and for all, visit the website www.CreditandFinancialWellness.com to find out how we can work together to help you achieve financial wellness.
I’m also going to offer an unforgettable special:
*** For everyone that mentions this blog and signs up for the Credit and Financial Wellness Coaching and Credit Repair will get their coaching set up fee waived. That’s a $35 value! ***
Again, for any questions about how this amazing opportunity can change your credit and financial picture visit www.CreditandFinacialWellness.com.
Dedicated to your “Financial” success,
Kenton Becker
kentonb@empireoptions.com
Managing Partner / Lakemont Mortgage Specialist
License # 510-LO-36929
http://www.empireoptions.com/
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