Do You Really Think You Still Need A Credit Repair Company?
The answer really depends upon you and your situation. You really have to evaluate this thoroughly.
Even though you have learned the process and ins and outs of the process, still you may be unsure. May you are not confident. You may be thinking what is I did something wrong, will I be able to go back and correct it or will it even hurt me more. There are so many laws that keep changing and that it becomes very difficult for person not in the same profession to keep up to date.
This is the reason there are professionals in every field as they will help you to understand and work with you. Now I am sure there are both good professional as well not so good professional in every field. One more very important thing to remember that we have seen time and time again is many people start their own credit repair and they do not see any results and then are frustrated even more and come to us to help. It is a time consuming process and involved. It can take time away from your more important things in life.
If you still want to work with a credit repair, I would recommend keeping the following in mind:
-How long has the company been in existence?
-How many states can they do credit repair?
This critical as you know they are working to keep themselves up to date as the laws are very different in different states.
-What kind of rating they have with Better Bureau of Business?
-What kind of Guarantee do they provide?
-Who comes first when they are working with a client, the client or the company?
-Are they willing to negotiate and work with your situation where you feel valued?
-Do they have system where you know exactly what is going on with your file?
-Do they have a way to update you on the progress?
-Can you reach out to them when you have a question?
Bottom line is; do your search thoroughly.
Hope this helps you make the decision on whether you want to do your own credit repair or want to hire someone.
Tuesday, July 27, 2010
Credit Repair Miami Fl - Why should you hire a company to fix your credit?
Sunday, July 25, 2010
Credit Repair Miami Fl - Can I legally Repair my Credit?
Is Credit Repair Legal?
Absolutely. The Fair Credit Reporting Act allows anyone to dispute inaccurate items on their credit reports. There's nothing we do that you cannot do yourself when it comes to fixing your credit situation. Individuals can restore their credit on their own but this can take time and a lot of knowledge when it comes to the credit laws.
Almost every person even remotely thinking about getting their credit repair today worries about the legality of the process. In today’s video we are going to discuss this very key topic.
Credit repair is legal and the FCRA provides the guidelines that must be followed in order to correct any errors on a consumer’s credit report.
The issue arises when companies make false claims or recommend to clients trying to fix their credit to do things that are not legal and would be otherwise considered fraud by causing the consumer to do a fraudulent act.
You want to make sure when using a credit repair service that you are dealing with a reputable company and the process that they use is legal and follows the FCRA guidelines. If they are not following the FCRA guidelines you are leaving yourself open to be taken advantage of or potentially committing fraud.
Sunday, March 21, 2010
Don't Let Medical Bills Ruin Your Credit
Medical bills are the leading cause of bankruptcy according to many financial sources. Unfortunately, many people neglect their medical bills without realizing the impact that those unpaid bills could have on their credit score.
How Medical Bills Can Hurt Your CreditAfter you receive medical services, your physician or hospital will bill you for any portion that wasn’t covered by insurance. Just like any other bill, medical bills have a due date. If you don’t pay by the due date, your bill becomes past due. Hospitals will only send you so many past due notices before they give your account to a third-party debt collector to resume collection efforts.
When the debt collector receives your medical bill, one of the first things it will do is report the account to one or all of the three major credit bureaus (Equifax, Experian, and TransUnion). The medical collection account is considered a serious delinquency and can remain on your credit report for up to seven years, the maximum amount of time permitted by law.
Your credit score - the number creditors and lenders often use to approve your applications for new loans and credit - is based solely on information that’s in your credit report. Since having a collection account on your credit report indicates you have a seriously delinquency in your credit history, your credit score will drop when a new collection is added to your credit report. The more medical collections accounts you have, the lower your credit score will be.
Protect Your Credit from Medical Bills
Even if you have health insurance, don’t assume that your insurance company will always handle bills in a timely manner. If you receive a bill that should have been covered by insurance, contact your insurance company to find out why the bill wasn’t paid. It could have been a simple oversight by hospital billing or the insurance claims department. Insurance companies often cover only a certain percentage of medical bills, so you might be responsible for some portion of medical debt after the insurance company has covered its part.
To find out whether you have unpaid medical bills out there, check your credit report.
To be doubly safe, you might contact the hospital or physician’s billing department to check the status of your account, especially if you’ve received any medical services within the past year. Sometimes, just because the medical bills aren’t on your credit report doesn’t mean they don’t exist. By contacting the medical provider, you’ll know for sure whether you have outstanding medical bills that could end up hurting your credit.
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Friday, March 19, 2010
FES Protection Plan
Financial Education Services officially launched the FES Protection Plan on March 20, 2010. The FES Protection Plan is a all encompassing approach to help consumers become educated on Credit, Debt and Personal Protection. Consumers enrolled in the FES Protection Plan will have access to Credit Coaches as well as Financial Coaches that will assist them on anything related to Credit, Debt, Estate Planning and Taxation.
Many consumers today are suffering due to the current economic conditions in this country. Financial Education Services believes that this is in part due to financial illiteracy. The very basic things that support financial success for Americans were not taught in this country to many Americans in our school systems or at home.
To assure the success of the next generation Financial Education Services has launched the YFL (Youth Financial Literacy Foundation/League) designed to help teach youth between the ages of 8 to 18 financial responsibility and discipline, so that they may be successful productive young adults, leading to life of financial literacy and success in later years. Youth that are involved in this program will go through a series on age appropriate training modules and once completed will be eligible for scholarship funding to continue there education in the field of there choice.
Here are the components that make up the FES Protection Plan.
Protect your Credit File with Positive Credit Builder!Your Credit Score is the most important number in your financial life. Your Positive Credit Builder credit analysis document will provide the necessary tools to understand the credit scoring system and how it impacts your financial health and freedom.
Protect your identity with LifeLock!
As the leader in proactive identity theft protection, LifeLock takes proven steps to help prevent thieves from destroying your credit and good name – even if they get your information.
Protect Your Loved Ones Future with FES Will and Trust Plan!
Planning for life's uncertainties brings you and your family peace of mind. But a will alone is not enough. You also need a living trust, medical power of attorney, and financial power of attorney.
Protect your finances with FES DebtZero!
SAVE THOUSANDS with the most effective, most efficient debt pay off system available. Get out of debt easier than ever with a clear precise plan that is customized for you.
What is FES DebtZero?
FES DebtZero is a web-based debt acceleration program that provides individuals with personalized direction they need to accelerate the pay off time of all their debts and mortgage. FES DebtZero guarantees that if you follow your personalized instructions you will be 100% out of debt and mortgage free in less than half the time it takes the average person, making regular payments, while saving or gaining thousands of dollars in the process.
Can anybody qualify or use FES DebtZero? Is FES DebtZero right for me?
If you have a checking account, make more money than you spend and have debt that you want to pay off quickly then FES DebtZero will work for you.
How Does FES DebtZero Work?
Deposit your income, as you normally would, into your standard checking account. It doesn't matter if you direct deposit or hand it to a teller. FES DebtZero is a web-based program that is used as a management tool like a navigation system for your finances. Provide the secure FES DebtZero system your financial overview and the system will offer step-by-step direction so you can properly apply optimal payments toward your debt. FES DebtZero directs you on the best quickly pay off your debt that is also conducive to wealth accumulation. The less money that you have to pay on interest, the more money you'll have growing in your account.
The program looks at your deposited funds, expected expenses, dates they are due, and safely reserves funds for any unexpected expenses. FES DebtZero then analyzes this information and generates monthly prompts that will provide precise directions for paying off 100% of your debt, without any alteration to your existing lifestyle. In other words, you will still be able to enjoy yourself while paying down your debt!
Continue to use your checking account to make payments to your monthly bills, as they become due. If you currently pay your bills using online bill pay you can continue to do so. You will also use your checking account for daily budgeted spending (i.e. gas, groceries, entertainment etc). Any money that you have not spent is left in your account to accumulate and then used to pay off your debts or mortgage.
Mark Bustamonte
Regional Sales Director
Financial Education Services
954-707-2932 Direct
Sunday, March 7, 2010
VR Tech Marketing Group is now Financial Education Services
At the first annual National Convention in Atlanta, GA in February 2010, VR Tech Marketing Group announced the name change to Financial Education Services (FES) to better identify the mission of the company and related product line.
Financial Education Services over the years has continued to build it's product line by adding products that enhance the credit restoration process. FES recognizes that the key to helping someone that has credit issues requires more then just deleting derogatory items from the credit report.
Some on the enhancements include the VR Tech Prepaid MasterCard as well as the UltraScore program. The prepaid MC offers an unsecured minimum line of credit that is acquired by applying a direct deposit from an employer to the consumers card. This ensures the repayment of the unsecured line as well as building good payment history.
UltraScore provides a comprehensive credit analysis for the consumer as well as an "Action Plan" to help the consumer understand all the components of there credit profile and what they need to do in order to maximize there credit in the most efficient manner.
Another major announcement that was made a the National Convention was the creation of the YFLF (Youth Financial Literacy Foundation) and the YFL (Youth Financial League) designed to help teach youth the importance of being financially literate. This program is geared toward youth ages between 8 to 18. This program will provide interactive web based teaching modules. Youth that complete the financial curriculum will be eligible for educational scholarships.
As well introduced was the launch of the FES Protection Plan. The FES Protection Plan is holistic approach to help consumers protect all areas of their finances and includes: Positive Credit Builder, Identity Theft Protection, Estate Planning, FES Debtzero.
FES Debtzero is a web based application that helps consumers to establish a clear and precise method of eliminating personal debt, secured or unsecured, in the most effective way. This tool will show the consumer how to repay there debt while creating discretionary income for savings.
Financial Education Services (FES) with it's long history of success as a company and very high valued products is positioning it self to be a major player in the revitalization of the economy by address the issue of financial illiteracy in communities all across the country.
About Financial Education Services (FES):
Mark Bustamonte is a Sales Director for Financial Education (FES) services and has been a member since 2003.
Contact:
Mark Bustamonte, Sales Director
Financial Education Services
954-707-2932
Financial Education Services