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Our Houston Credit Repair specialists lead our clients in the right financial direction so they can be better equipped and prepared to make the right financial decisions. 700 Plus Credit Restoration strives to empower our clients with financial knowledge that affects their credit score.
700 Plus Credit offers a variety of financial services. Our company has extensive knowledge and experience in credit repair and credit restoration, re-building bad credit, negative trade lines, and finance.
The 700 Plus Credit repair specialists are here for you!
Our Credit repair specialists will work with you to determine if our credit repair services are right for you.
Once we have determined that our services will benefit you, we will immediately start working to restore and repair your credit.
We will lead you in the right financial direction so you can be better equipped and prepared to make the right financial decisions.
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Credit Repair Houston TX – Credit Repair and Education Articles
20 Amazing Facts About Credit Cards You Didn’t Know (Yet) – Credit Repair Houston
Cash is dying. Long live plastic. Love them or hate them, you probably can’t do without them. In 2012, the total value of credit card transactions in the U.S. alone was $2.48 trillion. In the same year, two-thirds of all in-person sales were made with plastic, while only 27% were made with cash.
Credit cards are everywhere. They are used to buy just about anything, and they are here to stay. So it’s smart to learn a little about how they work. Here are 20 surprising facts you didn’t know about credit cards.
1. Your credit card doesn’t really have an expiration date.
Yes, I know it says so on your card, but you could continue using it after the expiration date. Ever notice how the number on your replacement card is the same? The expiration date on your card fills two main purposes. First, it is an estimate of the lifetime of your credit card and gives your credit card issuer a date to send you a new card. Second, it is used for online and over-the-phone purchases when the merchant cannot see your card. Asking for the expiration date allows the merchant to confirm you are the owner of the card and have it in your possession.
2. There are enough credit cards in circulation to span the earth over 3.5 times.
According to the financial reports of the three largest credit card companies in the world, there were over 1,635 million cards in circulation in 2013: Visa had 800 million, MasterCard had 731 million, and American Express had 104 million. If you placed all those cards side by side, you could span 86,981 miles: the equivalent of three and a half trips around the world.
Sources: MasterCard, Visa, CreditCards
3. The largest private antitrust settlement in history was over credit card fees.
In December 2013, U.S. District Judge John Gleeson approved a $5.7 billion over MasterCard and Visa swipe fees…
Read the entire article here – Supermoney.com
5 Crucial Lessons Teens Need to Be Taught About Credit
1. Understanding the value of a dollar
Perhaps the toughest lesson to teach teens is the value of a dollar. Many teens aren’t working as they’re focused on school and they may have the perception that simply swiping a card through the credit card reader gets you anything you want. Because of this they have a hard time making the connection between money being spent and using a credit card.
Teens need to be taught early and constantly reminded that credit is debt. This means teens need to understand the idea that just because they have spending room on their credit card it doesn’t mean they have to utilize it.
A potentially easy way to convey the value of a dollar to teens, and to get them to use their credit wisely, is to remove cash from their checking account, or directly from their person, for each corresponding dollar they spend on their credit card. This way there’s a tangible connection of how much they’re spending and they’ll likely make wiser decisions as to whether or not a product or service is worth buying.
2. How credit card interest and fees work
Secondly, it’s evident from Charles Schwab’s study that most teens don’t have a good grasp of how credit card interest and fees work, so this would be the next most important topic to tackle.
Teens need to be taught that what they purchase can actually wind up costing a lot more than the sticker price over the long run if they only plan to make the minimum payment on their credit card. Because teens are unlikely to have much if any credit history, credit companies are unlikely to give them an attractive APR, making it critical that they understand the connection between interest, time, and how much they choose to pay on their bill.
Under the Credit CARD Act of 2009 credit statements are required to have a minimum balance warning to demonstrate to consumers how much they’d pay in interest if they just made the minimum payment. This can be an important learning tool for teens.
3. How their credit score can affect them
Once teens have a good grasp on the true value of a dollar and how credit card interest and fees work it’s time to teach them why making their payments on time and maintaining good credit habits is so important.
In addition to teaching teens the basics about the credit score system, they should be taught about how lenders will use their credit history to determine their interest rate and available balance. Teens also need to understand that their credit score can affect more than just their ability to get a new credit card or obtain a mortgage. As was noted earlier, employers and landlords will often look at an individuals’ credit report to get a bead on their trustworthiness. An individual with a lower score may be viewed as a risk and could lose out on a good job or a favorable apartment or home.
4. Not all debt is bad debt
Although it’s important teens understand the seriousness of using credit to make purchases, they should also be taught that not all debt is necessarily bad.
For example, teens or their families may not have enough cash on hand to pay for the rising cost of a college education. This means more teens than ever are applying for student loans to get through college. According to The Project on Student Debt, 69% of seniors who graduated from public and nonprofit college in 2013 had some form of student loan debt, with the average student loan equaling $28,400.
While no debt is welcomed with open arms, a student loan could be a path toward a better paying job and career advancement. The Pew Research Center noted earlier this year that Millennials aged 25-32 with a Bachelor’s degree or better earned a median of $45,500 per year in salary compared to just $28,000 for millennials of the same age group that only had a high school diploma. A good education could easily cover the cost of a student loan, making a student loan a potentially smart move.
5. How to protect their information
Finally, considering the number of credit card breaches we’ve learned of from major corporations over the past year it’s definitely worth teaching teens how to safeguard their information.
For instance, Facebook and Instagram are popular stops for teens these days who want to express to the world the ups and downs of their day. Some might even be tempted to post their accomplishment of obtaining their first credit card online with a photo — a potentially dangerous idea that could wind up with their account information being stolen.
Another common method of account information theft is credit card offers being thrown in the trash. Thieves can very easily pull your info from these offer sheets and open an illegal account in your name. The easy solution is to teach teens to shred all credit card offers.
It’s also a smart idea for teens and their parents to go over their credit report at least once a year and look for discrepancies. Even if identity theft isn’t a problem, it’s quite possible that credit reporting agencies can make mistakes.
There are no guarantees that teaching teens these five crucial lessons will set them up for credit success, but if more teens were taught these steps early there’s a very good chance that future generations would wind up with higher credit scores and better spending habits.
What is a Credit Score?
Credit Reporting Agencies
Most information about credit reporting agencies — also known as credit bureaus — lists only three agencies. These agencies are Experian, TransUnion and Equifax. In reality, there are five agencies that provide access to your credit report, but only those three are mandated by law to provide a free annual credit report to any consumer who asks.
Experian, TransUnion and Equifax each provide you with a free credit report upon request. This credit report will give you a detailed history of your credit, what factors go into its calculation and your credit score itself.
You can also request your credit report from the other two companies, Innovis and PRBC. These companies have a less streamlined process, and they operate slightly differently from the big three. PRBC, for example, allows consumers to enroll directly as reporters. This allows the average person to report certain expenses and payments that would not otherwise be reported, or that might be reported differently and inaccurately. The benefit to your credit score is questionable, but it fluffs up a credit report and makes it look more enticing.
What is a Credit Score?
Credit Score definitions from the three major credit bureaus – Experian, Equifax and TransUnion.
- “A credit score is a number lenders use to help them decide: ‘If I give this person a loan or credit card, how likely is it I will get paid back on time?’”
- “A credit score is a number a lender uses to decide if you’d be a good credit risk for credit cards, auto loans or home mortgage loans.”
- “A credit score is simply a number that represents the likelihood that you will repay a debt as agreed. Credit scores are calculated using information from your credit report at the moment it is requested by a lender.”
- “Basic Definition – A credit score is a rating used by a lender to help determine whether or not you qualify for a particular credit card, loan, or service. The credit reporting companies apply an in-depth mathematical model (called an ‘algorithm’) to the information in your credit file to yield your credit score. Most credit scores estimate the risk a company incurs by lending you money or providing you with a service — specifically, the likelihood that you’ll fail to make payments in the next two to three years.”
- “Credit Scores are a Snapshot of Your Credit… A credit score is arrived at by applying a mathematical equation to a borrower’s credit history, which results in a score that indicates what kind of credit risk that borrower represents.”
- “A credit score is a rating used by a lender to help determine whether you qualify for a particular credit card, loan, or service. Based on information in your credit file, the credit reporting company analyzes your information using a complex mathematical model to yield your credit score.”
- “What is a credit score? A credit score is a number used by lenders as an indicator of how likely you are to repay your loans. Your credit score is generated by a mathematical formula utilizing the data from your personal credit report.”
- “A credit score is the result of advanced analytical models that take a ‘snapshot’ of the consumer’s credit report and translate it into a three-digit number representing the amount of risk a consumer brings to a particular transaction, such as financial, insurance or even employment.”
- “Your credit score is a snapshot of your creditworthiness. Credit grantors use the score to assess your default risk at a specific point in time.”
In this economy, repairing your credit is a vital task that you should take care of. Perhaps your credit rating just needs a little tweaking, or perhaps it needs to be completely refurbished. Whatever your need is, you can be on your way to better credit by following the ideas presented here.
First, find a site that will allow you to view your credit score. You can can get your credit score for free through many different websites. Obtaining your credit score and credit report will allow you to identify any errors that need to be fixed, and also show areas of your credit that need improvement. If you sign up with 700 Plus Credit, we will pull your score from all 3 major credit bureaus and show you exactly what information needs to be corrected.
Inquire about all available payment options that your creditor offers because it could save you money on interest and late charges. Some companies may allow you to pay at a later time without penalties, which will allow you to pay the other bills first from the companies that don’t offer such leeway.
Finding negative aspects to your credit report can actually be used to your advantage. Sometimes a credit report can include mistakes. If this is the case, 700 Plus credit will take immediate action and get these mistakes corrected.
Know the laws that protect you in your dealings with loan collectors. You cannot be threatened or persecuted by a collection agency, and if they do so, then they are going against the law. Do not let yourself be bullied. Be aware of your rights and all of the laws pertaining to collection agencies.
Try to keep the balances on your credit cards below 30 percent. This not only assists you with making a budget, but it also decreases your monthly payments. Keeping your credit card balances under 30 percent of the total limit will protect your from paying excessive interest and give you more financial flexibility.
Following the listed tips can help you stay on top of your credit. These tips, along with the help of 700 Plus Credit, can get you back on your feet today.
Are you going through a bad credit situation? If you are, then you need to make sure that you have something with which you will be able to fight the situation all over. That is why you need Credit repair. This is the option which will ensure that you can deal with the bad credit situation you are in and then you can get back the financial stability you always wanted for yourself. If you cannot manage these things by yourself, then you need to remember that there are a lot of companies and individuals who will be able to help you.
This things is known as credit repair help. This help is available quite a lot in the market and you are free to choose the one you want. In this context, you need to remember that the company or the individual for whom you are going to opt will fix bad credit. They will make sure that they can help you in any way they can and eventually that will take care of the bad credit situation you are into.
There are indeed a lot of ways and aspects of this problem and whatever situation you are into, you will get some kind of help or other. They will provide Collection accounts on credit report and then they will improve the credit situation you are into. That is indeed extremely helpful if you are dealing with the situation and your finances are getting unstable with every move that you are making.
If you are experiencing problem with bankruptcy and if you want bankruptcy credit repair, then they will offer the required help. Not only that, they will make sure that you do not only get out of the situation, but you can start your business or build your financial condition all over again. In short, they are here to help and they will help you a lot. All you need is to choose the reliable company or individual, the way you are comfortable with.
If you are looking forward to improve credit score, they will help you in this account too. They have a lot of expert and experienced people working with them and they will find one way or the other with which you will be able to get back to your normal financial life. Won’t it be good that you have someone who will be able to keep you in this matter completely and bring back normalcy in your life? You will indeed be able to breathe in relief and then you can plan your future in a far more stable and secure way than ever before.
When you will be allowed and you will be able to raise credit score, you will feel that you are already out of the problematic situation you were in. There are a lot of companies and individuals who can do it in your behalf. Unless you are an expert on the topic, you must not try it yourself, because the situation will turn worse, because you won’t be able to deal with all the technicalities.
If you are having problems with your credit, there are steps you can take to improve your overall score. Use the tips in this article to get on your way to repairing your credit.
An easy way to start the credit repair process is to limit yourself to one credit card. The less cards you have the easier it will be to keep track of balances, fees and payments. Write the issuer of each card you do not plan to keep and close the account. You’ll need to transfer that balance or pay it off.
When trying to improve your credit, you should ensure that you read over your credit card statements very thoroughly. There could be errors on your statement that could go undetected if you do not read over it. You definitely want to be aware if your statement says you made a late payment when you did not because this can go on your credit report. Therefore, you should be sure you look over your statements every month.
If you are behind on some bills, catch up as soon as you can. The longer that you pay your bills on time, the higher your credit score will be. Don’t beat yourself up if you are way behind right now, just budget your money so that you can have a time frame of when you will be caught up.
An important tip to consider when working to repair your credit is to never use the option to skip a month’s payment without penalty. This is important because you should always pay at least the minimum balance, due to the amount of interest that the company will still earn from you.
To repair your credit, avoid multiple late payments. While a single late payment counts against you, multiple consecutive late payments are even worse. The more late payments you have in a row, the more each late payment counts against you. That means that when you make a late payment, it becomes even more important to pay everything else on time.
It is possible to add an explanation to your credit report to give additional information about the circumstances of any items that appear negative. Adding the reason to your credit report makes it more accurate and may help you if you are applying for a loan.
Assistance Of Credit Repair Companies
Credit Repair Companies are available to solve your credit score problems for a very long time, but have now become very much popular in recent years as more and more people start utilization of their services. Once any specific transactions are challenged, your Creditors must carry on an investigation to ascertain if there is any merit to the dispute.
Creditors end up dissolving disputes in favor of the Customer, which is for sure great news for you. Individuals ruminating utilizing the services of a Credit repairing company must be conscious of the Credit Repair Organizations Act. This law was outlined to defend consumers from Credit Repair scams.
If you like to assay carrying on with creditors on your own, no one is turning you. But the Agents that work for Credit Repair Companies know all the ins and outs of carrying on with banks and several other financial institutions, so that they are in a situation to address your complaints more effectively.
There are various Credit Repair Companies in the Market for the help of customers who are troubled from bad credit score. As you all know the necessity of good credit score in your life, it is very necessary to raise and maintain the credit score with the time. It is really very difficult to find and search the authentic Repair companies in the Market, so you have to be aware when you select the Credit Repair Company.
Once you discover the best Company then it will take all the province of your debt. Now it is the time to know how these Credit companies will facilitate you to carry off your Credit report score. This is how Repair Companies will make you with regard to Credit Score and get care of your Debt management.
For many consumers the do-it-yourself approach to cleaning up their credit isn’t going to cut it. It may be because they simply don’t have the time or, more likely, they don’t have the patience to write the letters, wait for responses, make the phone calls, negotiate debts and keep detailed records everything. The problem is that with the recent increase in credit and debt help companies, how do you find legal, ethical Houston credit repair services?
Regrettably, the truth is that there are too many companies that are scams or simply will not live up to the promises that they make to consumers. The horror stories about credit repair are out there, tarnishing what should be a straightforward and trustworthy service. However, as long as consumers research the business that they intend to use, ask questions when they need to, and keep their expectations realistic, then credit repair can be a painless and beneficial process.
Talk to the company that you think is right for your needs and ask questions. These credit repair services are designed to help you turn your credit profile around, find out specifically what they can do for you. Many even offer a free consultation where they’ll break down your specific needs and diagram a plan to meet your goals.
Understand the Process
Though you have decided to employ someone else to handle you credit repair needs does not mean you should simply abandon the process and wait for results. Make sure you know what you are getting for your hard earned money. Get a feeling for what is being done by the credit repair company, what is expected from you, and a relative time frame for results.
Knowing the basics of the credit repair law is also helpful. In short, if an account is not yours, or is over 7 years old, you can likely have it removed from a credit report. If it is, expect to pay that debt off. The misconception is that credit repair services can just remove all negative items from your credit report. Not only is it not likely to happen, but it’s also not legal.
When to Get Started
If you plan ahead and truly understand that there is no such thing as an overnight fix it will probably be a far more tranquil process. On the other hand, if you’re planning on applying for home loan next month, and think that rushing off to have credit repair done at this point is going to yield the results that you’re looking for, prepare to be frustrated. Usually credit repair services take anywhere from 3 to 12 months to do a proper and thorough job. It all depends on the damage you have done over the years to your credit profile.
So if you’re looking to save yourself the time and aggravation of repairing your own credit, make sure that you research the company first, speak with them until you feel comfortable and stay on top of your situation. And remember, a credit repair company should not only be interested in repairing your credit but in educating you so that it doesn’t happen again.
Your Role in Successful Credit Repair
A Perfect Solution
If you have credit issues you may be considering using 700 Plus Credit to help repair your credit. This may very well be the perfect solution to your problem and a way to make your credit report respectable again. But you should know that credit repair is not a magic fix; it will require some work on your part, and take some time.
It Is Up To You
A good credit repair service will do a lot, but their effort will focus mainly on sending dispute letters to the credit bureaus. They should also provide advice on rebuilding your credit and managing your existing debt, but the work involved in executing this aspect of your credit repair program will be up to you, and it is critical.
Rebuilding your credit is essential if you want your credit repair effort to result in higher scores and usable credit. Many people shy away from rebuilding because they either believe that they will be denied or because they are just plain nervous about reentering the world of credit. The first fear is incorrect, and the later must be overcome.
Creating Positive Data
The reason that rebuilding your credit is critical to your credit repair success is that credit scores are based on the payment patterns and balance management information you provide to the credit bureaus via your accounts. If you do not have any open accounts the credit scoring software will not have any data on which to base a score. You must feed positive data to the bureaus each and every month.
Manage Debt for Success
Managing your new credit cards for credit repair is easy, but the details matter. The credit scoring model will react most favorably if you make your payments right on time each month and keep your balances low. The key to optimizing your scores with new cards is to keep the ratio of your balance to your account limit under twenty percent.
A Simple Solution
Many people find it convenient to use their new cards to pay for small expenses that they would previously have paid in cash. This is a comfortable way to incorporate debt usage into your credit repair without causing any financial stress. Just use your new cards for the occasional tank of gas or bag of groceries. When you get the bill pay all but five or ten dollars, just to insure the account is always reported as active.
All of this may require a bit of effort, but the payoff will be significant. Opening new secured credit cards and managing them carefully can provide a dramatic boost of over one hundred points within six months of the new accounts reporting. Organize your finances, budget yourself carefully, and start rebuilding your credit today. The sooner you start, the sooner you will have excellent, usable credit again. You can do it!
Credit Repair Advice
Credit Repair Advice is at an all time high primarily due to the devastating effect that the economy has had on many. There are several steps that individuals should take when assessing their credit histories. Therefore seeking proper credit repair advice could make a huge difference in future quality of life!
Okay so 2009 is dead and gone. That is a good thing for some, and not so great for others. Some wanted to start the New Year leaving all 2011 issues behind and in the past. However, for others, they have brought mistakes (on their credit reports) from 2009 with them through the New Year. Many know that they have credit issues but have never pulled a report to determine their specific need. So what type of credit repair advice do you need to make sure that your credit is safe and fault free?
First, order a credit report. Here’s why…
Credit Repair Advice Regarding Identity theft
Believe it or not, there are some pretty clever criminals out there. There are some people who are sly enough to steal your account numbers, credit cards, socials, and other factors that are used as different avenues solely to use your name for their financial benefit, which, in turn, will leave you in quite a bind. You’re going to want to pull your credit report so that you may receive proper credit repair advice regarding anyone who has succeeded in stealing your identity. Thus, enabling you to take care of the situation as soon as possible.
Credit Repair Advice Regarding Source of information
Source of information your “source of information” on your credit reports is all of your past and present information. When you apply for credit cards, loans, or pull your credit, you have to fill out your address, social, birth date, and other information about your present self. This information gets reported to your credit reports, and a lot of the time (and I mean A LOT) it is reported incorrectly. You need to check this information on your reports to see that it is accurate, because most likely there is a mistake.
Credit Repair Advice Regarding Errors on Accounts
Mistakes happen. It’s as simple as that. It’s almost inevitable. You want to pull your credit to make sure that accounts on your credit reports are reporting accurately. You want to make sure that account balances are reporting correctly. That is a huge deal. If you have a paid off credit card, but the credit bureaus are reporting the balance as the high limit, then it is going to look like your credit card is maxed out, and ultimately drop your scores 50-100 points, all because of a mistake made by the bureaus, which, as I said earlier, is pretty much going to happen unless you monitor your scores and stay on top of your credit.
Pulling your credit report is the first step to make sure that you have the ability to clean up any thing that has been reported improperly. Furthermore, even the best credit repair company will not be able to give you adequate credit repair advice without reviewing your personal report. Proper credit repair advice starts with the review of your report and will lead to credit worthiness, financial stability and credit happiness in the new decade!
5 Tips for Finding the Right Credit Repair Company
Choosing a credit repair company is a big decision. Choosing the wrong company could cost you hundreds or even thousands of dollars, and if they are not successful, you have delayed your goal of a good credit score by months or even years. And if that wasn’t enough, using a fraudulent credit repair service could even get you in legal trouble.
So to help you through this process and help keep you safe from getting taken advantage of, here is a guide to shopping for a credit repair service. Below are some tips you can use to make sure you end up choosing a legitimate credit repair company to help you work towards achieving your credit goals.
Know how the credit system and credit repair work
Before you even begin searching for a credit repair service, you should know the basics of how the credit reporting system works. After all, you wouldn’t go shopping for a new car if you didn’t know anything about how to drive or how cars operate. So make sure before you begin looking for a credit repair service you understand the basics of how the credit bureaus operate, how your credit reports are created, and how they are used, and why it is your responsibility to ensure their accuracy.
Look at the services being provided
A credit repair company is legally able to provide all the same credit repair services you can perform for yourself, but this does not mean that all do. Many credit repair services only provide credit bureau disputes which can be effective for some people, but are typically less successful and take more time than pairing credit bureau disputes with other credit repair tactics.
Look for experience and results
While no credit repair company is perfect and ultimately the success of any credit repair effort is dependent on your creditors and the credit bureaus, an experienced company will likely produce faster and more meaningful results than a relatively new company that is still learning the nuances of the system.
Look at the price tag
The goal is then to get the best value for your dollar. To determine this, take into account what services you will be getting for your money and make a best estimate of the relative quality of these services. This should help you get a feel for how companies compare to each other.
Use your common sense
Just as you would at any other time when someone is asking you to part with your hard earned money, when you are looking at a credit repair service, trust your instincts and remember the old adage of anything that sounds too good to be true, probably is.
You should be completely confident that you are making the right decision. It is your credit that is on the line and your money that is being invested. Don’t let anyone pressure you into something that doesn’t feel right.
So you got a collection letter in the mail. You are distraught and already figuring out how to pay the collector. Shockingly, a majority of collections are paid needlessly. Resist the impulse to pick up your checkbook. Just slow it down. Credit repair requires patience – and a bit of knowledge comes in handy too.
Don’t Believe Your Eyes
When it comes to collection letters, don’t believe your eyes. Don’t write a check. Don’t call the collector. There are four essential credit repair tests you must apply before doing anything. First, do you recognize the debt? Second, is it possible it was satisfied with a previous collector or the original creditor? Third, is it beyond the statute of limitation for collection through the court system? And fourth, is it beyond the reporting period limit for your credit report?
Do You Recognize the Debt?
If you have attempted credit repair you already know that the collection industry is far from perfect. Collectors buy and sell collection accounts on a regular basis. The level of quality control at collection businesses is notoriously lax. There is every possibility that you are getting a collection notice for a debt that has nothing to do with you. Be sure.
Have You Paid the Debt?
Because collectors buy and sell debt regularly it is common for a new collector to send you a dunning letter for a debt that you satisfied with a prior collector. Original creditors often have in-house collection departments that are as lax in their record keeping as any collector. Oftentimes debts are bundled for sale at the same time that consumers are sending their payment. Your money may have gone in one door while your account was being sold out another door.
Credit Repair Statute of Limitation Shockers
Here is the credit repair fact that most people are not aware of. I can’t tell you how many otherwise well-informed people have drawn a blank on this one. The statute of limitation (SOL) for collection through the courts has nothing whatsoever to do with the seven-year reporting limit for derogatory information imposed by the Fair Credit Reporting Act (FCRA) on the credit bureaus. This can be credit repair magic. The SOL is almost always far less than seven years, and may be as little as two years. Each debt type has its own SOL which depends on the type of debt, the state in which you incurred the debt, and the state you currently live – more about this in a second.
The Reporting Period Limit
Most people in credit repair programs are aware of reporting period limits. Generally speaking the credit bureaus are directed by the FCRA to report derogatory credit events for no longer than seven years. There is a slightly more complicated method of measuring reporting period limits for charge-offs and collections which may continue to report for seven years plus 180 days from the date of original default – being the first time a scheduled payment was missed in the sequence that led to collection.
What are the Credit Repair Consequences?
If you don’t recognize the debt, it may not be yours and you should not pay it. If you paid the original collector you certainly don’t want to pay it a second time. If the debt is beyond the SOL the collector has no way to enforce the collection. This means you can send the collector a cease communication letter and he will vanish forever from your life, and you don’t have to worry about a judgment. Or, if you want to pay the debt, it is usually very negotiable once past the SOL. And if the debt is beyond the reporting period limit it is almost certainly beyond the SOL, so all of the above benefits should apply, plus you should not have to worry about the appearance of the collection on your credit report. It’s the ultimate credit repair outcome.
Credit Repair and the SOL
The SOL is not hard to check and it is central to any credit repair effort. Just get on the Internet and search for statute of limitations. You should be able to find an easy-to-read chart listing SOL by debt type and by state. Don’t forget to check your state of residence and the state in which you entered into the original agreement. The longer period applies to your case. Remember to measure the time period properly. The SOL clock always starts with the date of original default. Collectors do not reset the date when they start and restart the collection process.
Call in 700 Plus Credit
If all of this is too much to bear, pick up the phone and call 700 Plus Credit, your credit repair expert. It’s your money and should not be taken lightly.
When it concerns your credit, it’s important to be sure that you’re doing everything you are able to from the very beginning in order to make it all work out for you finally. If you begin your adult life without any regard to how your credit score will be bore upon by your activities, you’ll for certain be in the need of credit repair. When you need to repair bad credit in Houston, there’s noting more crucial then making sure you’re acquiring the correct advice.
If you find that in the end you’re in need of some professional credit repair service, like 700 Plus Credit, to help attend to your bad credit repair needs then you would like to be sure that you browse around. This is to be sure that you finish up with a company that knows precisely what they are performing in order that you do not end up wasting away your time or income. You would like to be sure that the bad credit repair company is one that’s been around for a few a long time instead of a company that’s brand new and likely to make some errors that could cost you. If you are looking for a credit repair company, than 700 Plus Credit is the way to go!
Whenever you prefer to do all of this yourself and learn how to fix bad credit on your own, then there’s numerous stuff that you’re going to have to address. Whether it is bad credit mortgage repair or bad credit from credit cards, there’s a good deal that you’ve to arrange to be sure that it is all attended of in a suitable manner. A good place to start learning everything you need to know is by reading different articles and magazines out there that are directed towards assisting people find their way out of debt.
Without any credit or bad credit, there are a lot of crucial things that you’re not going to be capable of doing, and you’ll actually not be able to have the life that you always dreamed of if you don’t have a good credit score.
Whether you prefer to pay for a credit repair service or you are interested in an bad credit repair service, there perhaps things that can be arranged to wipe off some bad marks on your register. In a few cases, but not all, creditors may offer you a deal and ask that if you bring your account statement current they’ll delete former marks on your credit. Whenever you are interested in seeing if your creditor will do this, merely ask.
The first matter that you should do if you want to repair credit score is check into your own credit. You are able to get your credit score through your bank or other financial organization, and you are able to also order it yourself online and get it in the mail or through e-mail. This is an significant step because if you would like to repair credit score you’re going to need to have a look at where you beginning from. Start to repair and rebuild your credit with 700 Plus Credit TODAY!