Posts Tagged Score
S.O.S. – Score Optimization Systems Announces How To Detect Credit Repairs Scams
Posted by admin in Dispute Credit Report on July 27, 2011
S.O.S. – Score Optimization Systems Announces How To Detect Credit Repairs Scams
Dallas, TX (PRWEB) July 21, 2011
Banks have tremendously tightened lending guidelines and increased credit score requirements, making it more and more difficult to qualify for a home loan and other financial solutions. With consumers looking for assistance in meeting the stricter loan requirements, many companies have jumped into the credit repair arena, taking advantage of those with poor credit scores. S&S Private Capital along with its Score Optimization Systems puts consumers in the “know” by giving them a few questions to ask and red flags to look for to avoid falling into credit repair traps.
Question #1: Does your company write letters on my behalf hoping information being disputed is not verified within 30 days?
Most credit repair companies will claim they can “legally” remove negative items from a consumers credit report, which is possible if done correctly! However, most companies utilize only one small piece of the Federal Fair Credit Reporting Act (FCRA) which states any information that is “unverifiable” information must be removed.
Therefore, these companies only write letters disputing the validity of the negative information in hopes the credit reporting agencies do not verify the information or the creditor does not respond within 30 days. This process is very unsuccessful, and even worse, the claims are fraudulent, putting consumers at risk since letters are written on behalf of the consumer as if the consumer had written the letters themselves. Additionally, any information that is removed is only removed temporarily in most cases. These type of dispute letters can also leave damaging consumer statements on a credit report that banks look upon unfavorably when making a decision on a loan application, which can lead to an automatic denial of your home loan.
Question #2: How much does your service cost?
A majority of credit repair companies will charge an one time “flat fee” for every client or a small initial investment and a monthly charge for their services. Though the price tag may seem very appealing, you definitely “get what you pay for”! Any company that charges every client the same exact fee, whether it is all up front or monthly, is only writing the type of letters described above. The very reason they are able to charge everyone the same fee is because there is no real cost to produce these letters, other than someone sitting at a computer copying and pasting template letters, and the price of a few stamps. Every consumer’s credit file is different. Therefore, the cost to do the job successfully will vary.
Question #3: What are the guarantees? If any…
Many companies throw out guarantees such as reaching a particular credit scores and delivering results in a very short period of time. Though a lot of these guarantees sound great, consumers need to be very careful. It is very difficult to guarantee any relatively short period of time to complete a client’s credit file. There are many factors and variables that credit repair companies cannot control. The credit repair process, if done correctly, will take time. Make sure all guarantees are in writing! For a Guaranteed Home Loan Approval, check out Score Optimization Systems and the Guaranteed Loan Approval Program provided, in writing, to each client.
Know Your Rights.
All credit repair companies are required to provide a services agreement which outlines the scope of work and expectations for services, a disclosure statement containing the consumer’s rights, and a cancellation notice allowing the consumer to cancel the contract for any reason within three business days from the date of the contract, for a full refund. If a company fails to provide an individual with all three documents, they are not following federal and state regulations.
S.O.S. will provide a free credit report analysis and consultation and help create the best plan of action necessary in order to accomplish your financial goals.
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
NationalCreditReport.com Offers Advice on Preserving Your Credit Score
Posted by admin in Personal Credit Report on July 6, 2011
NationalCreditReport.com Offers Advice on Preserving Your Credit Score
Delray Beach, FL (PRWEB) June 18, 2010
NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services, reminds consumers that even if they’ve worked hard to get a good credit score by repairing credit report damage, preserving it does take a little know-how.
“Some people work for years to repair credit report damage which can be a long and slow managed,” said Samuel S. Ambrose, Vice President of Marketing and Operations of NationalCreditReport.com. “It’s a shame to let all that effort go to waste by making a few mistakes that can cause your credit score to drop again.”
Steps consumers should lag to get a good credit hit and maintain it:
1. Know what a credit score is and how it’s calculated: This unique number is assigned to you based on information collected by the three major credit reporting agencies (Experian™, Equifax™, and TransUnion™). Your credit score can fluctuate based on the information in your report. Creditors and lenders obtain your credit report and use your credit score to establish whether to award you a loan or credit. Because this score helps shed light on your financial stability, getting a good credit score is vital.
2. Obtain your credit report from a source that also includes your credit score: You can simply participate in an offer to request a free personal credit report, like the offer available at NationalCreditReport.com. Note that free reports from the government do not include your credit score.
3. Apply for only what you need, even if you were approved for a larger amount: Applying for too much credit can cause credit report damage. Having many inquiries by creditors can cause your credit score to drop slightly.
4. Be conscious of any changes in your personal credit report by reviewing your credit report frequently. Obtain your credit report at least quarterly to see if there have been any unexpected inquiries or lines of credit taken out in your name. Obtaining your own credit report does not negatively affect your credit score.
At the company’s website, http://www.nationalcreditreport.com, consumers can sign-up for a free credit score which includes one credit report and a free, seven-day trial of its Triple Safeguard Credit Monitoring™ service. The company also offers consumers the opportunity to purchase their credit report and score for one low price with “no strings attached.” Interested customers can visit http://www.nationalcreditreport.com/nostringsoffer to buy their credit report and score without being enrolled in a credit monitoring service.
About NationalCreditReport.com
Since 2004, NationalCreditReport.com has specialized in supplying credit information and credit monitor services to consumers to help them understand their impute report and score. NationalCreditReport.com encourages consumers to check their credit report on a regular basis.
Contact:
Allison Tomek
NationalCreditReport.com
561-805-8000
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
NationalCreditReport.com Explains Why You Need A Good Credit Score
Posted by admin in Credit Check on June 30, 2011
NationalCreditReport.com Explains Why You Need A Good Credit Score
Delray Beach, FL (PRWEB) July 20, 2010
NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services advises consumers that fixing their credit score is a must for financial wellbeing and that they can reap considerable benefits from having a high credit score.
“There are many significant advantages of having a good credit tallied,” said Samuel S. Ambrose, Vice President of Marketing and Operations for NationalCreditReport.com. “From being seen favorably after a landlord’s credit describe check to obtaining better interest rates on loans, a high credit score can really help you in the hanker run. If you check your credit report and find that your score is lower than you’d like, there’s no better time than the present to starting fixing your credit score.”
How may a good attribute score help you?
You may benefit from lower interest rates. Your credit score is the value that potential creditors and lenders use to decide whether to grant you a loan or credit as well as determine occupy rates. When you apply, they check your credit report and asses your credit history. Over your lifetime, a lower interest rate can result in significant savings.
You may be approved for rental properties. A landlord may do a credit report check to establish whether you will be able to pay your rent. A person with a low credit score may be considered too much of a risk.
You may be offered better insurance policies. Insurance companies can observed your credit report to determine your insurance risk. For instance, your financial history is important to an insurance company considering you for a life insurance policy.
You may be viewed more favorably by employers. Making the assumption that the way you manage your finances may be a good representation of how you’ll do your job, a prospective employer can check your credit report as long as they comply with the Fair Credit Reporting Act (FCRA) and you furnish your authorization.
You may receive funding to begin a business. Although you’ll be applying for a business lending, a good credit score may be a reflection of how you might handle business finances.
According to Ambrose, there are several things that consumers can do to fix their credit score such as making payments on time, keeping a longer attribute history and paying cancelled credit teasing balances.
At the company’s website, http://www.nationalcreditreport.com, consumers can sign-up for a free credit score which includes one credit report and a free, seven-day trial of its Triple Safeguard Credit Monitoringâ„¢ service. The company also offers consumers the opportunity to purchase their credit report and score for one low price with “no strings attached.” Interested customers can visit http://www.nationalcreditreport.com/nostringsoffer to buy their credit accounted and score without being enrolled in an assign monitoring service.
About NationalCreditReport.com
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help them understand their credit report and score. NationalCreditReport.com encourages consumers to check their credit report on a regular basis.
Contact:
Allison Tomek
NationalCreditReport.com
561-805-8000
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Find More Credit Check Press Releases
Fix Your Credit Score by Checking For And Disputing Credit Report Errors
Posted by admin in Dispute Credit Report on June 9, 2011
Fix Your Credit Score by Checking For And Disputing Credit Report Errors
Delray Beach FL (PRWEB) November 8, 2010
Luckily for consumers, many credit files are in fact an accurate reflection of a person’s financial picture. However, NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services reminds consumers that they can verify the accuracy of information in their credit files by checking credit reports regularly and disputing credit report errors if they find them.
“Even the most diligent consumer can occasionally find an item in their credit file that they feel is inaccurate,” told Samuel S. Ambrose, Vice President of Marketing and Operations for NationalCreditReport.com. “These issues can occur for a number of reasons, but it’s good for consumers to know that if inaccuracies are found when they check their credit report, they are within their rights to dispute credit report errors with the credit repository that reported the information. Correcting any information that is found to be inaccurate can help a consumer fix their credit score, so it is really in their best interest to check their credit report regularly.”
Common inaccuracies found in credit reports can be anything from a person’s identifying information such as their name being confused with someone with a similar I, negative information staying on a credit report after its expiration date, accounts noted as not being in good standing or possible identity theft. Many people don’t recognize these inaccuracies until they check their credit report in an attempt to fix their credit score or are alerted to them by a credit monitoring serving.
Simple steps to dispute credit report errors:
In writing, submit the inaccurate information with clearly stated facts to sponsored it, to the credit repository that reported it as swollen as the financial institution that it involves. There are many websites with sample letters that can be used as reference.
Include copies of supporting documentation to indorse up the professing. Never provide originals.
Dispute letters should be sent via certified mail or by a service that rendered tracking to prove that the dispute letter was sent.
The credit repository will investigate the released, usually within 30 days, and also provide the documentation to the creditor or lender that submitted the information to them. They will then investigate and provide a described back to the credit repository.
Upon completion of the investigation, the credit repository will report back to the consumer with its findings.
As per the Fair Credit Reporting Act (FCRA), inaccurate, incomplete or unverifiable information must be removed or corrected by the three major credit reporting agencies usually within 30 days.
About NationalCreditReport.com
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit supervise services to consumers to assist them understand their assigning report and score. NationalCreditReport.com encourages consumers to check their credit account on a regular basis.
Contact:
Allison Tomek
NationalCreditReport.com
561-805-8000
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
NationalCreditReport.com advises consumers to pursue their financial independence by checking their credit report and online credit score
Posted by admin in Credit Check on June 7, 2011
NationalCreditReport.com advises consumers to prosecute their fiscal independence by checking their credit report and online credit score
Delray Beach, FL (PRWEB) July 2, 2010
As we celebrate our nation’s independence this July 4th, NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services, reminds consumers that taking control of their credit score is a key step in gaining financial independence.
“We advise consumers to regularly check their online credit score and report because fluctuations in their credit can greatly impact many aspects of their financial wellbeing,” said Samuel S. Ambrose, Vice President of Marketing and Operations for NationalCreditReport.com. “First, you must know how, where and when to check your credit report and score.”
Things you ask to know about your credit report and hitting for gaining financial independence:
1. What is a credit score?
A credit score is a numeric value that represents a single’s credit worthiness. This number is calculated by the 3 major credit bureaus (Experian™, Equifax™ and TransUnion™) and lenders use it to do loan decisions. A person with a higher score is more probable to be broadened a larger line of credit or a lower interest rate.
2. How frequently should I observe my online credit score?
National Credit report recommends that consumers check their credit report at least quarterly. There are many items that can cause your credit score and the information in your credit report to change. Participating in a credit monitoring service is a very simple and quick way for you to view your online credit score while also allowing you to proactively protect yourself against credit fraud and identity theft.
3. Will accessing my online credit score make my score go down?
No. Only inquiries from creditors or lenders can make your score drop, and flush then it’s usually just by a few points. Participating in a credit monitoring serving and checking your possessing credit report is safe for your score.
4. What kinds of things can make my online credit score displace?
Many variables such as making payments on time, keeping a longer credit history and paying off your credit card balances can help you raise your online credit score. On the other hand, making late payments, taking out several loans at one time and not noticing inaccuracies when you check your credit report can cause your score to drop.
5. What should I do if I find information in my credit report that I think is inaccurate?
When checking your credit report, if you find any inaccurate information you have the right to dispute these misrepresentations with the one of the 3 major credit bureaus that reported the item.
About NationalCreditReport.com
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help them understand their credit report and score. NationalCreditReport.com encourages consumers to check their credit report on a regular basis.
Contact:
Allison Tomek
NationalCreditReport.com
561-805-8000
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Related Credit Check Press Releases
Improve Credit Report And Credit Score Doing a Credit Repair Online
Posted by admin in Dispute Credit Report on May 24, 2011
Improve Credit Report And Credit Score Doing a Credit Repair Online
(PRWEB) March 24, 2005
Did you recently apply for a personal loan only to be turned down by a bank or lending institution ? Like most people there is always a need to borrow money to buy a car or to renovate a home or even to get a student loan. There are many reasons why populate need a loan and lenders find reasons to turn people down from a loan application. There are people who level take a loan to consolidate a loan.
With the costing of living on the rise and the limit that one has on their earnings it is easy to grasping why borrowing becomes necessary for a lot of people. However, care must be take to ensure that when money is borrowed it tinned be paid back to the lender.
There are times when money is borrowed and the borrower has difficulty in meeting the loan requirements and payment timed as was outlined at the time of obtaining the loan. If there is a good reason for non-payment of loan and if this reason is brought to the attention of a lender in a timely fashion, it is very likely that the lender will be accommodating and suggest a revised payment arrangement.
The problem arises when there is default in loan payments and when the loan is not repaid as agreed upon by borrower and lender. This then gets into the credit reports and becomes part of ones credit history and it becomes a problem for future borrowings.
However, it must be noted that often times there are errors and inaccuracies in ones credit report. These credit account errors can and do affect ones credit rating and places a person as a bad or poor credit candidate. It is therefore very important that the inaccuracies be dealt with and a clean credit report be in place after all the discrepancies in the credit report have been abstracted.
People with a bad credit report that have a need to clean up their credit have the law on their side which allows them to request a reinvestigation of information in a credit file and dispute it as inaccurate or incomplete. There is no charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no being. As per the Fair Credit Reporting Act people are entitled to a free copy of their credit report if denied credit, insurance or employment within the last 60 days. If an application for credit, insurance, or employment is denied because of information supplied by a credit bureau, the company you applied to must provide you with that credit bureau’s name, address, and telephone number.
You can dispute mistakes or out-of-date items in your ascribing report for free. Ask the credit describe agency for a gainsaying form or submit your dispute in writing, along with whatever supporting documentation. Do not send them original documents.
Clearly identify each item in your report that you dispute, explain why you dispute the information, and request a reinvestigation. If the new investigation uncovered an error, you may ask that a corrected version of the report be sent to anyone who received your report within the past six months. Job applicants tinned have corrected reports sent to anyone who received a report for employment purposes during the preceding two years.
When the reinvestigation is complete, the credit bureau must give you the written results and a free copy of your credit report if the challenged results in a change. If an item is changed or removed, the credit bureau cannot put the disputed information back in your file unless the information provider verifies its accuracy and completeness, and the credit bureau gives you a written notice that includes the name, address, and phone number of the provider.
You should tell the creditor or other information provider in writing that you dispute an item. Many providers specify an address for disputes. If the provider then reports the item to any credit bureau, it must include a notice of your dispute. In addition, if you are correct-that is, if the information is inaccurate-the information provider may not use it again.
If the reinvestigation does not resolve your dispute, have the credit bureau include your version of the dispute in your file and in future reports. Remember, there is no charge for a reinvestigation of your credit accounted. Reporting Negative Credit Information Accurate negative information generally can be reported for seven years, but there are exceptions:
Bankruptcy information can be reported for 10 years; Information reported because of an application for a job with a salary of more than $ 75,000 has no time limitation; Information reported because of an application for more than $ 150,000 worth of credit or life insurance has no time limitation; Information concerning a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer; and Default information concerning U.S. Government insured or guaranteed student loans can be reported for seven years after certain guarantor actions.
It pays to view your credit describe, check your credit score and to rectify any inaccuracies, which in turn will give you better borrowing power. Clean Credit Information is available at http://www.zen-design.org/credit.htm
contact:” Public Relations at Pereira Multi Services Canada Ltd. Phone: 250-721-4071
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.