If you have a lot of different types of debt, getting a debt consolidation loan can be a sound move. But if you have below-average credit — typically below a FICO score of 670 — you may wonder what your loan options are. Fortunately, some lenders specialize in debt consolidation loans for bad credit and weigh factors besides your credit score to qualify you for the loan.
You mentioned a hardship. Call your county bar association and ask for the names of the organizations that provide no-cost legal services to people in your area with low or no income. Make an appointment with one of those organizations, and bring all of the documents you have have regarding this debt to your meeting. The lawyer you meet will advise you of your rights, and whether you have a cause of action (a legal reason to file a lawsuit) against the collection agent for failing to follow the terms of your settlement agreement.
It’s really neither here nor there if you want to use a fictitious business name (or “doing business as,” DBA) for your Florida credit repair business, but if you do decide on it, be sure to register it with the state of Florida. Your credit repair company may choose to do business as a different name than that with which they registered, but you need to keep everything on the up and up legally.
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One of the main advantages of debt consolidation is that it puts all of your debt “under one roof.” Rather than trying to keep track of several monthly payments and interest rates, you only have to make one, fixed monthly payment. Additionally, depending on the rates you have across your accounts, you may end up with a lower overall interest rate, which could help you save money on the amount you pay in interest.
Automation is excellent and is the way to go, as long, and you can serve your customers with custom and personalized work. However, it is not always cost-effective for startups with most credit repair solutions. One has to be careful not to create customer dissatisfaction with too much automation. There are less expensive solutions to help you get started.
No one can legally remove accurate and timely negative information from a credit report. You can ask for an investigation —at no charge to you — of information in your file that you dispute as inaccurate or incomplete. Some people hire a company to investigate for them, but anything a credit repair company can do legally, you can do for yourself at little or no cost. By law:
Debt settlement sounds like a sexy option to consolidate debt. Who wouldn’t want to pay half (or less!) of what you owe on credit card debt? But this is considered a desperation measure for a reason. The ads boasting that settlement companies like National Debt Relief can get at least 50% of your debt forgiven, don’t tell the whole story. That figure doesn’t include the fees you will pay for the service; the late penalties you incur while settlement negotiations take place; and whether a creditor will even accept the offers made. The results from this form of debt consolidation definitely are mixed. Do all the math before you choose this option. It should be noted that attorneys also offer debt settlement in addition to companies like National Debt Relief.
A student loan is an unsecured loan from either the federal government or a private lender. Borrowers must qualify for private student loans. If you don't have an established credit history, you may not find the best loan. Bankrate’s student loan calculator will show you how long it will take to pay off your loan and how much interest it will cost you. The college savings calculator will help you set savings goals for the future.
National Debt Relief can help you on the journey to becoming debt-free by providing you the expert advice and negotiating power that you need to get your creditors to agree to resolve your debts for less. Dealing with your debts will allow you to use your income to prepare for your future, instead of paying interest on past purchases. National Debt Relief empowers clients to get out of debt in less time than if they continued to make the minimum payments. More importantly, it allows them peace of mind while doing so.
Debt settlement has proven to be ineffective, and the success rates are very low. A recent study from the American Fair Credit Council (the debt settlement trade organization) found that clients only settle 43 percent of their accounts by month 36 of the process. This means that you may only be able to settle with fewer than half of your creditors. Additionally, the study found that debt settlement clients end up paying more than 78 percent of their original balance due. This means that you would only be getting a 22 percent discount on your debt, and after factoring in the tax consequences your total “savings” will be even lower.

Each credit reporting agency collects information about your financial behaviors from your creditors and certain public records, which collectively makes up your credit report. Creditors and scoring agencies use the information in your credit report to calculate your credit score and determine your credit risk. You can get your three reports (one per bureau) for free once a year through AnnualCreditReport.com.
You likely have dozens, if not hundreds, of credit scores. That's because a credit score is calculated by applying a mathematical algorithm to the information in one of your three credit reports, and there is no one uniform algorithm employed by all lenders or other financial companies to compute the scores. (Some credit scoring models are very common, like the FICO® Score☉ , which ranges from 300 to 850.)

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.


The goal is to negotiate a payment with your creditors that is lower than your full outstanding balance. Paying less than you originally owed may seem like a great deal—until you consider the consequences to your credit, which could be substantial. Additionally, the forgiven debt may be reported as income to the IRS, which means you may have to pay taxes on it.
Several years have passed since technology started to fly by at what seemed like the speed of light and the demand for products and services began to change and adapt to meet the latest consumer pace. Services that previously took weeks were forced to move into days, soon followed by the same day and ultimately “within hours” or even “instant.”  Fast became the motto from the drive-thru windows for food, banking and almost anything and everything and “do it yourself” and “easy assembly in minutes” began to thrive.
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Pyramid Credit Repair claim that, on average, their work will yield results in 45 to 60 days. For couples seeking credit repair, Pyramid offers an initial discount on their services. Their 90-day warranty can be applied if you’re not satisfied, regardless of the number of negative items removed. You’ll be reimbursed completely. While this warranty is a good selling point, Pyramid Credit Repair is not available in all 50 states.


Nina Your Credit decrease even you pay on time or before the due date because, if you spend more than 9% to 50% of your credit limit you get point drops on your credit. so now what you do you can spend, but go online & pay before your statement print date so call your credit card company & ask them what is the date of statement print date. just keep 5 to 6 % balance of your credit limit & the rest of you paid then you see how your credit goes up.
Still struggling to pay off your debt? In a debt consolidation program, also known as a debt management program, you won’t take out new financing that could severely damage your credit scores. Instead, you can preserve a good credit score and work with a credit counselor to pay off everything you owe. You may even be able to reduce your monthly payments.
With respect to personal loans, Upstart is efficient. You can apply online and find out your rate within a few minutes. You're asked simple questions about your income and education history. Upstart then presents you with loan terms and options for payment. Once a customer agrees to the terms of the loan, funds are issued - sometimes, by the next business day. If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.
Accredited with the Better Business Bureau, Credit.org has received an A+ rating and four-star customer reviews. Services are usually provided for free, although the company may charge a modest fee for some counseling services. It charges nominal enrollment and monthly service fees for its debt management plans that vary based on the state in which you live. You can contact a counselor every weekday from 7 a.m. to 5 p.m. PT.
In preparation for filing bankruptcy, I was required to complete a "course" in credit counseling. This site was very easy to follow and very user friendly. ... Needless to say, this is a very stressful time. When I called, I was fortunate to speak with a lovely representative by the name of Yadira. She was knowledgeable, friendly, and compassionate.
Lexington Law, a credit repair company that also offers legal counsel, says that the expertise of credit repair companies is what makes the process easier for consumers. Credit repair companies "know what to look for, understand the process needed to fix inaccuracies, and are informed on what clients are legally entitled to request from both credit bureaus and creditors."
Consolation loans and balance transfer cards: When you apply for these credit products, a hard inquiry will be placed on your credit reports and factored into your scores. That can shave a few points off. However, you are also expanding your credit utilization ratio, and that’s positive for your scores. If your credit card debt is close to or at your available credit limit, you’re using up too much of your credit line.
Consolidated Credit is a proud member of the Financial Counseling Association of America (FCAA) whose mission is to promote quality and professional delivery of financial counseling services. We assist hundreds of thousands of consumers annually and as a member of the FCAA, we ensure that individuals receive the highest quality of assistance.Click here to learn more.
Disputing a negative error from your credit report can also raise your credit score, especially if you talk to the creditor over the phone and have them remove the error from your credit report right away. To enforce your rights under the Fair Credit Reporting Act (FCRA), you have to dispute credit report errors in writing. However, some creditors are willing to remove legitimate errors with just a phone call. The update can appear on your credit report and impact your credit score in just a few days if the creditor is willing to work with you.
Borrowing from family and friends to consolidate your debt is the best option when you know someone who has the resources to help you, is willing to help you, and does not need a swift repayment. You should consider this option when you have a good relationship with someone who wants to help you and forgive the occasional late or missed payment, due to unforeseen events. Additionally, this is a good option when the lender offers lower interest (or no interest) than you are currently paying and a repayment schedule that you can afford, even if it takes you several years.
Then clean slate credit consultants in Florida. Branded as the donkey show. Priced at $59 to $25 and some pricing between $40 and $10 depending on who it is. Truly the best prices and the most unconventional website anywhere. Not for everyone. I was shocked but I figured it out. No upfront costs and they don't bill a credit card which I like. Google reviews rank at 200+. Impressive in this day and age.
Are you trying to maximize rewards? Some rewards cards earn the most when you fly with a particular airline, others with bonus categories such as groceries or gas and others have an everyday rate that’s up to double cash back. Combining these cards and using the one that offers the highest rewards rate for each type of purchase you make can maximize your rewards earning.

We believe that it is absolutely necessary that consumers are made explicitly aware that most credit problems information is FREE and readily available. Also, there is nothing that a credit repair firm can do that they can't do themselves with the proper knowledge. However, just like any subject matter, there is a learning curve and many need assistance right NOW. No one should have a problem with a consumer willing to pay for clarity and a better way to navigate the system. This is what any good consultant will do in any industry.
Debt relief is a broad term that covers all of the solutions you’ll find on this site. It refers to any solution that makes paying down debt faster, easier or more cost-effective. This includes do-it-yourself solutions, like consolidation loans, and professionally-assisted debt relief programs.  Some programs focus on paying back everything you owe to save your credit. Others focus on providing the fastest exit possible.
While you're participating in a debt relief program, you may decide to do things such as halt payments to lenders while the debt relief company negotiates on your behalf. In doing so, you can expect your credit rating to decline during the initial part of the debt relief process. You should view this decline as a temporary condition to be addressed as you move toward being free from debt. As your debts are paid off, your credit score should begin to rise. In fact, many of our clients find that their credit score has returned to the same rate if not higher, by the time they graduate. Once you graduate, you can also take additional steps to build your credit rating back up, such as paying bills on time, keeping your level of outstanding debt low, and using your credit cards and paying off the balances each month.
In particular, when reviewing online lenders for a potential debt consolidation loan, it’s important to know whether the company you’re considering is a direct lender or a third-party lender, says Sexton. “Working with a third-party lender can sometimes involve additional costs and fees, so it could benefit you to seek a direct lender to avoid these costs.”
You're also entitled to a free credit report if you've been turned down for credit because of something on your credit report, if you're currently receiving government assistance, if you're unemployed and plan to look for a job soon, or if you think you've been a victim of credit card fraud or identity theft. Some states also have laws that let you get an additional free credit report each year. All these free credit reports should be ordered directly through the credit bureaus.

Our service includes your private assessment, contacting creditors on your behalf, sending documentation back and forth, and more. We have been trained on recent laws, statutes, and credit reporting practices. We also know what items on your report affect your score the most.  We get your credit reports, your credit scores, and take care of your credit repair process from start to finish.  You can view our activity and all the progress online,  Every situation is unique, and you'll start seeing results in just 60 days, but most see the best results within 4-6 months.  Credit repair takes time even if you’re an expert (this is why you’re hiring us), but there’s no risk because of our satisfaction guarantee  
Credit can be wonderful or a source of stress. It’s great to have when you need it, but it’s easy to take on more than you can manage. Before you know it, you’re missing payments on your credit cards or making only minimum payments. You might be late paying other bills as you juggle your money. Now your credit score is not as great as it was and you’re looking at consolidating your debt. Let’s explore your options.
Thank you for this. I have been building my credit back after Economy struggles and long term illness.  Today, I'm in a better position physically and materially. Most of my credit issues are resolved. However, I'm curious as to your next step once you resolved the medical bill situation.  Did you pay the creditor and subsequently write a letter to the credit bureaus? I have a $284 medical bill I can't recall not paying, but I would like to resolve the matter this year. 

Your payment history is the single biggest factor that impacts your credit score, contributing to 35% of your score. As such, the best thing that you can do for your credit score is to make your payments on time, each and every month. Late or missed payments will remain on your credit report for 7 years, dragging your score down. Making your payments on time will go a long way toward improving your credit score.
It’s important to have a debt repayment plan when you use debt consolidation, though. Once you pay off your smaller loans and credit cards, you might be tempted to get into even more debt. This can be an issue with credit cards since paying them off through debt consolidation can “free up” more room to spend on those lines of credit. If you aren’t careful, you could accumulate a large amount of debt again.

If you want to learn how to repair credit fast, you need to learn how credit score works. There are five different factors that are utilized by credit scoring companies to discover that magical three digital number. What many people do not realize is that, through understanding these five factors, you not only have greater control over your credit score, but now you can begin utilizing credit to your advantage. Here are the five factors used to create someone’s credit score:
You may discover, however, that repairing your credit is a lengthy, time-consuming process. Even after learning the relevant consumer credit laws, you still have to make phone calls, write letters, document your communication, and follow-up with the credit reporting agencies and creditors. A credit repair company, on the other hand, leverages their experience to get the job done quickly.

While there’s no law or governing body for credit repair specialists, there are professional organizations that educate and provide certifications that can help weed out non-qualified credit repair specialists. Look for a credit repair specialist who is certified by a non-profit organization like the Credit Consultants Association or the Association for Financial Counseling & Planning Education, not a credit repair software company.
If something sounds too good to be true – everyone knows the rest of that expression, and it could not be more fitting than in the credit repair industry. The word “fast” should never be in the same sentence with quality credit restoration and expecting the unlikely should only be reserved for marketing products during Super Bowl commercials. In a world where the spirit of a dog appears to sell beer during halftime, it is not surprising that people are misled. Logic would indicate that if it took several months or even years to damage the credit files, they would not magically restore themselves in a matter of minutes. It would be the same concept of expecting brand new lungs or a sparkling fresh liver immediately after the last puff or sip.
All of a sudden, you’re getting harassing phone calls and letters demanding that you pay up immediately and threatening action from legal entities and collections agencies if you don’t. Your credit score, already tested by your high use of credit, starts to go down even further as you continue to miss payments. It can feel like you’ll never catch up.
Payment history is the most important factor in calculating your credit score—accounting for 35% of your FICO® Score—and it is important to avoid paying any loan payments past their due date. Late payments can easily occur when someone has multiple loan payments each month and is not using auto pay. Another advantage of a debt consolidation loan is lowering the amount of interest you're paying on your outstanding debt. People typically use debt consolidation loans to pay off their high-interest debt—like credit card debt, which can have interest rates that range from 18-25%. In most cases, a debt consolidation loan will have a much lower interest rate depending on your creditworthiness, saving you money on interest over the life of your loan.
You can improve your score quickly if you show that you can be responsible for both major kinds of credit: revolving (credit cards) and installment (mortgages, auto, student loans, etc.). If you don’t have an installment loan and feel you are ready to handle one, consider adding a small personal loan. Stay away from expensive finance companies and “teaser” deals, and use a company that reports the loan to all three credit bureaus.
Avant may be a good choice for a personal loan if you have poor credit, such as a credit score below 600. Many of the best debt consolidation loans require that you have a credit score of at least 600, and while Avant states that its customers typically do have scores between 600 and 700, it does aim to offer personal loans to a wide variety of borrowers. So if your credit score isn’t top notch, you may still be able to borrow between $2,000 and $35,000. However, there’s an administration fee of 4.75%, and APRs range from 9.95% to 35.99%. Loan terms range from 24 to 60 months (two to five years). 
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