Upon execution of the contract as provided in s. 817.704 or agreement between the buyer and a credit service organization and before the receipt by the credit service organization of any money or other valuable consideration, whichever occurs first, the credit service organization shall provide the buyer with a statement, in writing, containing all the information required by s. 817.703. The credit service organization shall maintain on file for a period of 5 years an exact copy of the statement, personally signed by the buyer, acknowledging receipt of a copy of the statement.
Beware of credit repair companies that overpromise. Credit repair does not happen overnight. Any organization promising an unrealistic turnaround should be viewed with skepticism. The same goes for companies requesting up-front payments without delivering results, offering a new credit identity, or bogus money-back guarantees without specifying conditions. Some companies even go so far as to promise to remove negative items that are correct. A dispute of this nature cannot be guaranteed and chances of the item being removed are slim at best.
While much of the world communicates electronically, the credit repair industry still communicates with creditors to a great extent by conventional postal delivery. Typically, a credit repair company will send letters to creditors and ask them to affirm the validity of the debt. If the creditor is unable to comply, the item may be removed from your credit history.
“You may be able to reduce your monthly payments via lower rates and long repayment terms,” says Kevin Haney, a former sales director for the credit bureau, Experian, who now runs SavvyonCredit.com, a credit information/education site. “You could very well have the luxury of stretching your repayment over 20 years. But there is down side: You’re borrowing against the equity of your home. If prices drop, you may owe more on the house than a new buyer is willing to pay. And by stretching payments over 20 years, you could end up paying more than you otherwise would in total interest.” Bottom line: Do the math to see if you’ll come out ahead.
While unsecured personal debt consolidation loans used to be quite common, they are less likely to be available to people who need them today. Generally, an unsecured loan will require the borrower to have very good credit. Accepting a no interest, or low interest, introductory rate on a credit card is often used as a substitute for an unsecured personal loan for debt consolidation.
Landmark Credit Repair has been assisting Americans in their credit building processes for almost two decades. Our team of credit experts and consultants work with our clients to build detailed, comprehensive credit building strategies that allow for a higher standard of living and financial security. Based in East Texas, Landmark Credit Repair serves clients Nationwide. 
National Debt Relief is one of the largest and best-rated debt settlement companies in the country. In addition to providing excellent, 5-star services to our clients, we also focus on educating consumers across America on how to best manage their money. Our posts cover topics around personal finance, saving tips, and much more. We’ve served thousands of clients, settled over $1 billion in consumer debt, and our services have been featured on sites like NerdWallet, Mashable, HuffPost, and Glamour.
[7] To estimate the cost of child care, we averaged state data from the Economic Policy Institute to get an annual child care cost of $11,420, or $8,565 over nine months. The institute used 2017 data from Child Care Aware of America and inflated it based on the 2018 CPI-U-RS (Consumer Price Index research series using current methods) average to get 2018 state numbers.
Please be aware that credit repair is a personal business. It can NOT be fully automated because people’s skills are part of it.  It is hard to connect with a machine and feel connected. Customer dissatisfaction is usually high in this business when it is too impersonal.   Just as if a person is going to a barber or hairdresser, they want results that are suitable for their situation and requirements. This automation rhetoric I hear in this industry is great. But, it can be a recipe for disaster if NOT done properly.  Automate your communications and use time-saving processes. However, make sure you maintain human contact with your customers at least once a month. Automation can do many things for your business BUT handle the human connection part. Successful credit repair firms with great satisfaction ratings have an excellent person to person contact with every client.
In short, there are small technicalities throughout Section 609, including those listed above, that you can argue in an effort to get negative items deleted from your score, or even potentially have student loans or other debt removed from your credit records altogether. It is a loophole that people have found, with demonstrated success in improving credit scores.
Do you have so many debt payments that it feels like it takes you hours just to pay them every month? Maybe there’s a few thousand dollars on that department store credit card from when the fridge suddenly stopped working. A few thousand more on a rewards credit card that you took out to get the introductory bonus points. And a few student loans you’ve been steadily paying off since graduation.
High credit utilization ratios may have a negative impact on your credit score.1 One goal could be to have under 25% utilization on every line of credit in your name. If one of your credit lines has a 90% utilization rate and others are much lower, you could focus on paying down the one with a high utilization rate first (assuming all lines have a similar interest rate).1
Finally, it’s worth your time to write a statement summarizing your dispute, explaining exactly what happened and why you believe the item to be erroneous. The statement would be included with your credit report, and while it won’t help your poor credit score, it may provide just enough insight and clarity about the flagged item to help sway a would-be lender to make a favorable decision. 

InCharge Debt Solutions clients have access to a Debt Management App that makes managing your accounts, checking your balances, and rescheduling payments easy and convenient. The Debt Management App also allows you to check your up-to-the-minute “debt free” percentage: “You Are 55 percent Debt Free.” Research shows that tracking a goal makes you more likely to stay motivated and accomplish it. With the Debt Management App, InCharge strives to be the “Fitbit” of the personal finance world.
This offer is conditioned upon final approval from an Upstart Powered bank or licensed lender which is based on consideration and verification of financial and non-financial information. Rate and loan amount are subject to change based upon information provided in your full application. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into a contract for the extension of credit and who currently resides in the United States. Duplicate offers received are void. Closing your loan is contingent upon meeting certain eligibility requirements and your agreement to the terms and conditions of Upstart and a bank or a licensed lender partnered with Upstart. Loans are originated by Upstart Powered banks and licensed lenders on the Upstart platform. Loans in Maryland, Massachusetts, Nevada, and Nebraska are made by Cross River Bank, an FDIC-insured New Jersey state chartered commercial bank. Loan amounts from $1k-$50k* Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. The minimum loan amount in MA is $7,000. The minimum loan amount in Ohio is $6,000. The minimum loan amount in NM is $5,100. The minimum loan amount in GA is $3,100. APRs from X-Y, loan term (3 or 5 year loan terms), amount of monthly payment** **The full range of available rates varies by state. The average 3-year loan offered across all lenders using the Upstart platform will have an APR of X% and 36 monthly payments of $Y per $1,000 borrowed. There is no down payment and no prepayment penalty. Average APR is calculated based on 3-year rates offered in the last 1 month. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
‘I’m so happy that I reached out to the National Debt Relief company! I never have a problem reaching a live representative and have been very impressed with their customer service. They recently negotiated with one of my creditors on my behalf and reduced my credit card debt with them by a substantial margin. I look forward to the day when all of my credit card debt is gone, and with National Debt Relief helping me, I’m sure it will happen!”

A debt consolidation program is a service designed to help borrowers pay off their outstanding debt. In these programs, consumers receive the tools to develop a loan repayment strategy with which to manage their existing debts. These programs allow the borrower to make one monthly payment, which goes toward all outstanding debts, usually on a timeline to get the borrower completely out of debt in 3-5 years. A credit-counseling agency or debt settlement company usually manages these debt consolidation programs, and the mission is to help consumers get out of debt and become financially independent.


As you can see from the chart above, interest rates on personal loans commonly range from around 6 percent to 36 percent. In general, a higher credit score may help you qualify for a lower interest rate. However, keep in mind that lenders may consider other factors when you apply for a consolidation loan, such as your income, existing debt obligations and more.
I am a mortgage officer at a community bank. Knowing the importance of credit I have been helping my daughter to rebuild her credit over the past 11 months. Payment history makes up 35% of your credit score. If you have late payments -a good payment history takes time to rebuild! When I started working with my daughter her credit score was 533 due to late payments on her student loan and a medical collection of $135. I am pleased to say her current score is 754! You may ask how could her score be increased over 200 points in less than a year?
Trust: When you are struggling with debt obligations, it’s easy to get desperate and be exploited by companies making promises they can’t keep. Check the track record for any company you’re considering. How long have they been in business? What are their customers saying about them on review sites? Are their credit counselors accredited? Make them earn your trust, before you commit to doing business with them.

Credit bureaus don’t like to see consumers with maxed out credit cards. When you transfer your high credit card balances into a debt consolidation loan, your credit card’s utilization ratio score improves from the new zero balances. Plus, paying off your loan every month on time rewards you with a boost to your average credit score. The higher your credit score, the better your loan terms, such as interest rate.


If you are unable to meet multiple credit card payments as your interest payments increase or if you simply want to move from a credit lifestyle to a savings lifestyle, it may be time to consolidate your credit card payments so you can erase your credit card debt. Debt consolidation means to bring all of your balances to a single bill and it can be a useful way to manage your debt.
Credit card debt is one of the costliest kinds of debt, and that’s true even after a few rounds of rate-cutting by the Federal Reserve this year. As of August 2019, the average APR on credit card accounts accruing interest was 16.97%, according to the Federal Reserve Bank of St. Louis. Households with credit card debt carry an average balance of $6,849 as of September 2019 [2], which means interest paid over the course of a year is about $1,162. [3]
Debt settlement is a negotiating strategy where you pay your creditors a fraction of the outstanding debt to satisfy the account. Debt settlement might be a viable alternative if your accounts are charged off or in collections. You can do this on your own or through a company. This, of course, only works if you have the cash available to make one or a few large payments.
Whichever strategy you choose, know that you are not alone in your search! Millions of Americans are struggling with high interest rates, stagnant wages, and unstable employment, but not all of them are actively looking for a solution like you are right now. So keep going. You are doing the right thing by looking for the answer to your debt problem, and Freedom Debt Relief is here to help any questions about debt relief you may have.
One major mistake of many consumers is assuming that if they can’t make a payment, they simply need to accept the inevitable consequences, both financial and to their credit. Fortunately, that’s not always the case, as the vast majority of creditors are perfectly willing to work with you and help you avoid delinquency — particularly if you’re proactive about the problem.
Debt consolidation is the process of combining multiple debts into one through a personal loan. Let's say you have $6,000 in credit card debt and owe $4,000 in medical bills. With a debt consolidation loan, you could pay off those balances with one $10,000 loan, featuring only one monthly payment amount and one monthly due date. A single loan could make your finances easier to manage. An added bonus? Your new monthly payment could be lower than your current monthly payments combined, freeing up a little extra money for other needs or future expenses.

Yes! Security is our top priority, and we built Credit Repair Cloud from the ground up to make sure your clients and data are secure. Client Data Protection is required by law and we use the same security encryption (256-bit) as banks. Your encrypted data is stored in a US data center that is SAS 70 (Sarbanes-Oxley) compliant, backed up daily and protected by armed guards. Learn more.
Either way, you should always remove any errors or outdated information from your credit report — regardless of the actual effect on your score — as soon as you discover them. A clean credit report can give you peace of mind the next time you apply for a loan; you’ll know that an inaccurate credit score isn’t holding you back from qualifying for a better interest rate, saving you time and money in the long run.
Do you need additional benefits? With cards that offer benefits such as free checked baggage, trip cancellation insurance and roadside assistance, you can get value from a card even if you’re not earning the most rewards from it. For example, you can use an airline card for airfare purchases to get benefits with that airline, or use a card with extended warranty coverage for a major electronics purchase.

This section is what makes standard credit dispute letters effective (whether using our template, someone else’s, or if you’re writing your own letter from scratch), not 609. If you’ve found inaccurate or incorrect information on your report, simply stick to a standard dispute template – and don’t worry about advertised quick fixes or special types of letters.


Getting a consolidation loan can do more than pay off debt. It is possible to create a sizable nest egg by investing all or a portion of the monthly payment savings. After a few years, the results are surprising. Use this loan consolidation calculator to see the results of paying off debt and investing the payment savings. Click the "View Report" button for a detailed look at the results.
Opening several credit accounts in a short amount of time can appear risky to lenders and negatively impact your credit score. Before you take out a loan or open a new credit card account, consider the effects it could have on your credit scores. Know too, that when you're buying a car or looking around for the best mortgage rates, your inquiries may be grouped and counted as only one inquiry for the purpose of adding information to your credit report. In many commonly-used scoring models, recent inquiries have greater effect than older inquiries, and they only appear on your credit report or a maximum of 25 months.
A personal loan is a form of unsecured debt, meaning the loan is not backed by any collateral. If you default on a personal loan, you won’t lose anything, unlike if you fail to make payments toward your car loan or mortgage, which are secured debts. However, if you do default on a personal loan and your creditor sues you, a lien could be placed on your wages or property.
When that happens, consolidation may be a good option for getting your debt back under control. And, helpfully, there are a number of solid options for consolidating credit card debt. In the article below, we’ll take a look at some of our choices for the best credit cards for consolidation, including 0% APR offers, no fee balance transfers, cards for fair credit, business credit cards, and personal loan options.

That said, you can still lower your monthly payments, making your debt more manageable on a monthly basis, by getting a consolidation loan with a longer loan period than your current loans. By spreading your payments over a longer period of time, you can lower your overall monthly payments. Of course, extending the amount of time you make payments means you’ll be paying more interest in the long run.
A home equity loan offers a lump sum payment, and the repayment period is typically over five to 15 years, with a fixed interest rate. In contrast, a home equity line of credit works like a credit card, by providing you with a credit limit you can draw from. HELOCs typically have a variable interest rate and a draw period of up to 10 years, followed by a repayment period (often 15 to 20 years) when you can no longer draw cash.
Millions of people use True People Search every month to find lost friends & relatives and to see who's calling them. With comprehensive data on nearly every US adult, our free people finder is as deep, current and accurate as any of the paid people search engines. Do a free reverse phone lookup, free people search or free address lookup and get a free background check instantly.
This book is based on the experiences of a financial planner with more than 18 years of experience helping clients with their credit and financial problems. The author shows you how to identify inaccurate entries, how to get them easily removed, and then how to remove all negative credit report entries. It also details alternative methods, and how to deal with obstructive or harassing agencies.
With the Deserve® EDU Mastercard for Students, you don’t have to take a crash course in personal finance. You could get approved with little or no credit history, which helps make this card a compelling option for students. With 1 percent cash back on purchases and Mastercard Platinum benefits, the Deserve EDU also offers a step up from a no-frills student card.
Because of how credit repair companies operated in the past, now most states have enacted laws that heavily regulate credit repair companies. These laws generally provide more protections for you, and impose additional obligations on credit repair companies than what is laid out under the FCRA. We can help advise you if seeking the help of a credit repair company fits your situations and if the provider you are contemplating is acting legally within the FCRA and Florida laws. Many of these companies in Florida raise credit scores by doing things that you can do yourself or with assistance by us.
Since 2009, medical costs have gone up almost 33%. [4] People who don’t have insurance or who have insurance with high deductibles may be getting medical bills they can’t reasonably afford, and even insured Americans without significant health problems might feel the pinch of increasing medical expenses. They may opt to pay their medical bills with credit cards, incurring high interest charges, or leave the bills unpaid, damaging their credit scores in the process.

Credit counseling will work with enrolled creditors to try to lower your interest rate—this is called a concession rate. Then the DMP will help you have a new monthly payment amount based on the concession rates. By utilizing a credit counseling service with enrollment in a DMP, you’ll make a single monthly payment. You will pay the DMP service and they will use this money to pay your creditors. You will pay back 100 percent of the debt, plus interest. Keep in mind that this debt consolidation option can save you money, because the interest on the debt should be at a new lower rate than the average of your previous interest rates.

Get your credit cleaned with the help of a reliable personnel Fico and Ex Transunion agent! He's tested and trusted. I had a very low credit score (around 520) and it was ruining my life. I needed help. I was very depressed because of it and had been trying to repair it but It just seems nothing was capable of getting my score raised quickly. I needed something done fast. I had read a lot of good things about this hacker online which gave me a go ahead to try him out. I almost gave up my search for a real agent because I kept meeting fake people who are not capable enough and who are always after the money, I've been conned by them. this programmer is not about the money but about attaining a good reputation at always satisfying his customers. My credit score is now 780, 790 and 820 on all big 3 bureaus and it was 100% confirmed by FICO. This is my way of showing appreciation for a job well done on my credit report. Reach out to him for help at yatesnovakovic @ g m a i l . c o m. He’s affordable and always at your service. 


DO NOTHING, EXPECT NOTHING... Errors are bound to appear in your credit report. In fact, according to a 2004 report made by the National Association of State PIRGs (Public Interest Research Group) 25% of credit reports contain errors that result in people being denied credit! If you don’t review your report once in a while, you won’t know what’s reported in it. And then, when you apply for credit or employment and find that you are denied because of your credit, well… what do you expect?
With some consolidation options, you may end up with a higher monthly payment than what you're currently paying. For example, credit cards typically require a minimum monthly payment of around 1% to 4% of your balance. So, in our previous example with the $7,000 balance, your minimum would likely be lower than the $233 monthly payment on the personal loan option.
Debt consolidation may lower credit scores, depending on the chosen option. Credit scores and credit reports can only ever receive positive marks as long as routine, timely payments are made each month. With that said, any application for new credit is considered a hard inquiry into credit history, which generally lowers credit scores. However, as long as timely monthly payments are made, this dip in credit score tends to be short term. Credit scores also depend on a person's credit utilization ratio, which is the amount of debt that they carry as compared to the total amount of debt that is available to them. For instance, consolidation using a personal loan to pay off credit cards can make a utilization ratio go down, which is good for credit scores. However, in this same scenario, the credit score can go down if a credit agency believes it to be a risky loan.
I was thinking the other day about how the TV show is very similar to a battle with debt. When you're in debt, it can feel like you're carrying around a second person, experiencing frugal fatigue, or that you have a spare tire of bills around your waist. I know because I'm working on getting out of debt myself. I realized that there are 3 major points we can learn from the MTV show I Used to Be Fat when trying to take control of our debt.

There are many other ways to get rid your debt. Home equity loans and cash out refinances are a way to get a loan using your homes equity as collateral. Debt management and debt settlement programs are available to help reduce your debt or interest and provide a single payment. However, these programs come with high fees and will hurt your credit score in the process.

Ask for credit where credit is due. Just because you've never had a loan or credit card doesn't mean you don't know about paying bills. If you reliably pay your rent and utilities on time, you've demonstrated good money management habits and you can ask for credit for that good track record.Rental payments and utility bills don't typically appear on a credit report — unless you fail to pay and the leasing company or service provider sends the delinquent amount to a collection agency or files suit against you to recover the past due amount. However, recently some companies have been taking steps to change that. Experian was the first to include positive rental payment information on its credit reports, so you can ask your landlord to report your positive payment history to the credit bureaus. Experian also offers an Extended View score, which incorporates information from public records and sources beyond credit reports to help give lenders a more complete picture of an individual's money and credit-management habits. If you're having trouble getting approved for an auto loan, for example, you can ask the finance company to request an Extended View score from Experian.
National Debt Relief is one of the largest and best-rated debt settlement companies in the country. In addition to providing excellent, 5-star services to our clients, we also focus on educating consumers across America on how to best manage their money. Our posts cover topics around personal finance, saving tips, and much more. We’ve served thousands of clients, settled over $1 billion in consumer debt, and our services have been featured on sites like NerdWallet, Mashable, HuffPost, and Glamour.
Some households are more likely to carry credit card balances than others. This year’s report looked at the costs of first-time parenthood and found that parents of children younger than 18 are more likely to carry credit card balances than are Americans with adult children or no children, according to a survey of 2,076 U.S. adults, commissioned by NerdWallet and conducted by The Harris Poll. Our survey also found that many Americans would have a hard time avoiding debt if they became first-time parents now.
Missing accounts? If you’ve been denied credit due to an insufficient credit file or no credit file at all, it could be because not all of you credit accounts are included. Not all creditors supply information to credit bureaus. These can include department store credit cards and those from some banks. Ask your creditors to report your credit information to credit bureaus or switch to creditors that regularly report.
Even if you’re already dealing with credit consequences from delinquent payments, you can likely still contact your creditor to work out a way to make your payments more manageable and avoid future credit damage. Your creditors would much rather work with you to establish a payment plan than have to chase you down to get their money back — or, worse, have to charge off the debt entirely.
Regardless of how you got there, the current situation is this: you’re in debt to a bunch of different creditors. Each month is a tightwire act. You’re allocating a huge chunk of your income to paying minimum payments on these different sources of debt, each with its own payment deadline, minimum amount, interest rate and eventual payoff date. It’s a stressful and financially taxing situation to be in and can often feel like there’s no end in sight.
In this portion of our website, we’re going to take a look at credit card consolidation and how it can improve your financial status. We’ll also take a look at how to choose the best debt consolidation companies to work with, and how to increase your chances of being approved for credit card consolidation. As with any financial decision, it’s important that you’re well-informed of the risks and rewards – make sure to take in all the information provided in this article!
Joseph Hogue worked as an equity analyst and an economist before realizing being rich is no substitute for being happy. He now runs four websites and a YouTube channel on beating debt, making more money and making your money work for you. A veteran of the Marine Corps, he now makes more money than he ever did at a 9-to-5 job and loves building his work from home business.

When a company borrows money to be paid back at a future date with interest it is known as debt financing. It could be in the form of a secured as well as an unsecured loan. A firm takes up a loan to either finance a working capital or an acquisition. Description: Debt means the amount of money which needs to be repaid back and financing means providing funds to be used in business activities.
I have had my identity stolen and when I became aware of this I was almost 7,000.00 in DEBT, so after getting many letters from the credit card companies that I did not apply for these cards and my information was stolen.  Along with a Police Report I  typed many letters and got the cards  removed from my credit report But, As this happened I watched my credit score go DOWN VERY QUICKLY, I was shocked I was the victim and my credit score just kept going down, down, down. Now I have POOR credit I did obtain 3 credit cards and always pay the card off monthly, Does this help me by paying them off every month or not?? But just a note KEEP YOUR INFORMATION THAT IS PRIVATE, PRIVATE IN A SAFE!! THE PERSON WHO DID THIS WAS MY X PARTNER OF 17 YEARS.    
Using balance transfer options on no-interest or low-interest credit card offers are tricky. Often, there is a transfer fee in the fine print which negates some of the savings. There are also rules which can diminish the benefits. If you use the card for anything else, the other charges might generate interest while payments are applied first to the no-interest balance. Also, the no-interest or low-interest period is generally limited. If you can’t pay the debt off during this time, you might end up paying higher interest once the special offer period runs out.
There are four other popular options that you could discuss with your creditors. The first is to have your interest rates reduced. If you have high interest debts of, say, 15% or higher and could get them reduced to maybe 12%, you would end up with much lower monthly payments, which could make it possible for you to meet your obligations. A second option worth discussing would be a timeout period of two or three months during which you would no longer be required to make any payments. This would give you time to get your finances reorganized and to save money that might allow you to catch up on your payments. A third possibility would be to have some or all of your credit card debts converted into repayment programs. You would likely be required to give up your credit cards but in turn you would have fixed payments for a fixed amount of time after which you would be completely debt-free.
Once you've got a list of counseling agencies you might do business with, check each one out with your state Attorney General and local consumer protection agency. They can tell you if consumers have filed complaints about any one of them. (If there are no complaints about them, don't consider it a guarantee that they're legitimate.) The United States Trustee Program also keeps a list of credit counseling agencies approved to provide pre-bankruptcy counseling. After you've done your background investigation, you will want to  interview the final "candidates."

Of almost as much importance as how you pay your debts is how much debt you already have — and how much you could have. In fact, the percentage of your current debt already being used and the total debt you already have are worth 30% of your FICO score (combined), and considered to be “highly influential” and “moderately influential” to your VantageScore (respectively). Keep your balances low and only take on necessary debt to do well here.
What is the best site to use in your job search? Looking for a job can be a stressful and tedious process. Ensuring you get your credentials out to as many employers as possible is important. It's also crucial that job seekers find all the applicable openings, so they don't miss out on any opportunities. The ability to upload and save a resume to a site has even made it so that recruiters can find you, rather than waiting for you to apply for the position.

Life is a search according to many philosophers and poets, but it has become a web-search today. Fast credit repair companies are raking in millions by providing non-refundable fees that contradict the legitimacy of the process. Effective credit repair is a process involving time and expertise. Countless consumers either fell victim to “great credit in a minute” schemes or purchased a “kit” with the wrong blueprints for success and are now feeling the pain and suffering from the fallout. Many customers who expected to be a lender’s dream in just a matter of days are now faced with the nightmare of a damaged credit file and a score sometimes lower than when they signed up for that magic cure. Newsflash – the man behind the curtain, is almost always up to no good.

Yes, you can make a good living helping others improve their credit scores. Most credit repair companies acquire their income through various services that are designed to help improve their customer’s credit scores. Also, they sell other products to their customers. Pricing models are based on what you offer and what type of work you will perform for your customers. When it comes to the monthly fee, you will base your fees on the amount of time you spend on a customer’s file each month. Meanwhile, there are also different products you can offer your customers that would help them rebuild their credit as well.

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