Posts Tagged Lenders
WHAT LENDERS LOOK FOR IN A CREDIT REPORT & THE FOOL PROOF BUSINESS CREDIT EBOOK
Posted by admin in Personal Credit Report on November 20, 2011
(Add credit history using UCC-1 and public filings) – Order the “FOOL PROOF BUSINESS CREDIT” Ebook today click the “Y” in the title “Year 2010″ on the home page an get a dicount & a “Free Lifetime Membership” at www.Gboogie.net Lots of free…information!!! or direct link www.tradebit.com GBOOGIE “THE KING OF BUSINESS CREDIT” Educating America!!!!
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clean up credit report – secure cards
Mortgage Lenders New Policies Restrict Potential Borrowers — CRE Credit Services
Posted by admin in Dispute Credit Report on June 13, 2011
Mortgage Lenders New Policies Restrict Potential Borrowers — CRE Credit Services
Plano, TX (PRWEB) September 14, 2010
There are hundreds of millions of Americans with errors and inaccuracies on their credit reports. Consumers are encouraged by credit bureaus and the government to dispute those items if they feel they are incorrect. Their options are to file an automated dispute, send a letter, or call on the phone after purchasing a credit report. The credit bureaus investigate the allegedly incorrect account with the lender that is reporting it and then get back to the consumer with the results. This process was established to be a way to protect consumers from unfair practices by banks and other lenders. It is outlined in The Fair Credit Reporting Act (FCRA).
Another part of this law states that is allows, and sometimes requires that, statements of continued dispute are to be placed on accounts within a consumer’s credit report. This idea behind this was that it was a way to further protect consumers and give them the right to add their own version of what happened with an account to their personal credit reports. Unfortunately, this is starting to cause major headaches for potential home buyers all over the United States. CRE Credit Services has a solution!
Due to the economic downturn, lending and banking organizations have been attempting to search for ways to lower their risk without cutting their profits. One way they are currently experimenting with is to punish consumers who have listed disputes on their credit reports. As of this writing, loans underwritten by Fannie Mae or Freddie Mac are being denied for having as few as one account listed as “under dispute” on a consumer’s credit report. Many times a customer may not even realize that the account is under dispute. There are some investigations that require a company to place a notice of continued disagreement even if the customer agrees that the problem has been resolved. Thousands of disappointed people have gone to purchase their dream home only to find out that an error they disputed on an account that may not be accurate is preventing them from qualifying for a mortgage even though they would otherwise qualify. Also, if the account, accurate or not, were to appear on their credit report without being “in dispute” they would actually qualify for that same loan they are being rejected for.
There is no has been no assistance for consumers that can explain how a consumer would go about removing such a comment. The turnover is so high within the credit reporting agencies that even if a consumer did somehow figure out a way to request its removal from their credit report, the inexperienced person working on it would probably not even know how to properly process it. With a need to stimulate the economy and home sales we see home buyer tax credits, but no way to help consumers who are hindered for following their legal rights? How could it be illegal for companies to make this lending criterion? The simple answer, is that it is probably not legal.
The Fair Credit Reporting Act (FCRA) is one of many laws that are collectively referred to as the Consumer Protection Laws. Another one of these laws is the Equal Credit Opportunity Act (ECOA). The ECOA states that you can’t discriminate against someone solely based on his or her gender, race, etc. Also, it states that you can’t discriminate against a consumer based solely on someone exercising their rights under these consumer protection laws. By virtually any reading or interpretation of this law, what lenders are doing when they deny a loan based on the notices of investigation is a violation of federal law. Although it means that the practice will probably be challenged and overturned in the future, it does not give much hope to consumers right now. There is, however, hope, in the form of a reputable, experienced company headed by a former member of Experian’s elite CASS department in CRE Credit Services.
Although the credit reporting agencies would prefer they did not exist, there is a truly knowledgeable and respected credit services organization that, through years of experience and research, has developed strategies and methods to help consumers. This information would be nearly impossible for a consumer to figure out on their own. In situations like this, contacting a company like CRE Credit Services, at http://www.CRECreditServices.com might be the only real chance a consumer has to correct the problem. CRE Credit Services has designed a proprietary process to help remove these disputes. Designed by a former member of Experian’s elite CASS department there is no other like program in existence. There is no other credit services organization that employs that high level of a former member of any of the credit bureaus. They have already helped many clients get into homes by removing these disputes and improving their credit. CRE Credit Services has expert national credit consultants ready to speak with potential borrowers or mortgage professionals and they offer a no cost, no obligation consultation.
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How can I get a personal loan for 5000 and don’t have a credit history?
Posted by admin in Personal Finance on March 14, 2011
I need a personal loan for 5000 to pay off some of my bills. But is having a hard time because some lenders say I have no credit history. But their is a gas bill that isn’t mind on my report.
Ryan
Personal Credit Report – 6 Tips To Protect Your Credit
The personal credit report is a document that contains pertinent information about your financial activities. Your credit report revolves around your credit information. It will help financial institutions evaluate your credit worthiness. Your personal credit report is the key to getting that much awaited loan or purchase.
Everything in your personal credit report, as reliable as it is, is not immune to theft and fraud. Other people may use your information without your consent. You must be are aware of this possibility and do the necessary precautions. Protecting yourself from theft and fraud will save you from any damage and its effects.
Protect yourself now and read on. This is how it goes.
Secure a copy of your report. Check your the report for any fraudulent or erroneous information. If you feel that you are a victim of fraud it is best to secure your information immediately. There are many ways in which the bureau can help you to secure your report for fraud.
Make sure your information is correct. If you feel that your information is used without your consent or if there are any inconsistencies, you have to file a security alert or fraud victim alert. This must be filed in national credit bureaus.
Inform and document. After filing for security or fraud victim alert you may inform lenders or creditors who have secured fraudulent information. It is wise to document all your credit transactions. Secure phone numbers, addresses, names and dates
Meet expectations. There will be requests or expectations from either the creditors or credit bureau. Make sure that all the necessary documents or even phone calls are accomplished. Not doing so will make matters worse. It is also best to know what you can expect from them.
Secure another copy of your personal credit report. After six months of a successful investigation you must check on your report. Always check for any fraudulent or erroneous information. Make sure that they are accurate and consistent. Do this regularly.
Keep record of files and documents. All documents must be filed, recorded and kept. This will be very useful if ever another difficulty arises.
Always remember that your personal credit report is your ID. You are the only one who knows what should be on it. It should always be protected. Doing so will let you enjoy the benefits of having a “clean” credit report. Check on your personal credit report now and protect yourself from theft and fraud.
Alma
Getting A Low Rate Auto Loan
Posted by admin in Strict Prohibition on February 27, 2011
If you are in the market for a used car loan, be prepared to negotiate a good deal. Initially, car salesmen try and convince prospective buyers to agree to a huge sales price and interest rate. Of course, this maneuver does not serve to your advantage. Instead, it boosts the dealerships profit margin. If you have good credit, you are in a position to negotiate a better deal. However, if you have a low credit score, here are a few tips to help you obtain a low rate auto loan. Boost Credit Score and Rating Before offering a low rate for a used auto loan, the dealership or financial institution will review your credit report. Credit reports indicate our credit worthiness. If you have several past due or missed payments, lenders will consider you a terrible applicant. If you are approved for credit, the lender will not offer you a low rate. Improving your credit is the best option for getting a low rate used car loan. Although lenders will approve an applicant with bad credit, the fees, rate, and terms are awful. To avoid paying higher fees, delay the car buying process for at least six months to a year. Take this time to boost your credit score. To begin, review your personal credit report. If you have past due or unpaid accounts, contact the creditors and schedule payment arrangements. Plan to reduce your debt to income ratio. Furthermore, pay all your creditors on time, and never skip payments. Get a Co-signer or Down Payment If you have bad credit, having a co-signer is a …
Maurice
Credit Report – Your Personal Financial Profile
A lot of people don’t know about their own credit report. Some people even don’t know that it even exists. Because of this, they tend to regularly neglect payments for their loans or their credit card bills. The result: a bad credit score. Basically, you have to remember that your score is your financial profile. It tells a lot about you financially and it is what determines whether creditors or lenders will approve you for the loan or the new credit card you applied for or not.
The credit report is what creditors take a look at in order to determine if you are risky to lend money to or not. This is what basically tells them that you are a good payer or you are a delinquent one. Even landlords take a look at their prospective tenant’s credit report to make sure that their future tenant will be able to pay the rent on time and also make sure that they will never run away in the middle of the night with payments worth 3 months rent.
As you can see, it is very important for you to make a good credit score by making a good credit report. Although the credit bureaus are the ones who make the report, you have to remember that they base the report on what you do financially.
In order to get a good credit report and a good credit score, you need to be able to make payments on or before the due date. By doing so, it will be recorded in the report and will have a positive impact on your credit score.
Basically, you alone are responsible on how your credit information will look like and how much credit score you have. If you are a good payer and you only made late payments once or twice, you will be able to get a positive report and score. In fact, if you are a good payer and you only have one late payment because of an unavoidable situation, then you can even have the negative report removed.
These are the things that you have to remember about credit report. It is your personal financial profile that you alone are responsible for making.
The better you pay off your credit card bills and your loans, the better your credit score will look like. So, you definitely need to take your repayments seriously. If a bill arrives, pay it off as soon as you can and never ever think about paying it off next week because you are lazy to get out of your couch and go to the bank. Your laziness may cost you your credit score and will give you a bad name in the eyes of your creditors.
These are the things that you need to remember about credit score, credit report and why it is very important for you to repay your bills on time.
However, there are times where your credit report might be bad even if you know you pay off your bills and loans on time. It may be caused by credit card fraud or it may be caused by mistakes made by the credit bureaus themselves. Just get a copy of your credit report and if you see any irregularities, dispute it, prove it and it will eventually clear up.
Your score is your financial profile. Always make sure that you have good credit in order for you to have more financial freedom by paying off your bills on time as well as constantly reviewing your credit report at least once a year.
Debra