Get Started With The Credit Repair Process!
**DID YOU KNOW... If your bad debt is with a third party debt collector, you are only liable for what THEY paid to buy that bad debt! That could usually be only 5 cents on the dollar! Your debt is not really $5,000 it is only $250!
Did you know?
There are many legal, ethical and moral ways to get your credit repaired. Almost everyone’s credit report has errors in it. And there are three reporting agencies (Equifax, Experian and Transunion) so you can imagine how many errors there could be on yours! Some are technical errors, some bad debts that are old enough they should be removed, and some very good credit repair companies can negotiate to get your bad credit mark reversed with just a commitment to start paying a little bit every month.
Bottom line is--there are solutions to any problem.
Adding yourself to other people’s good credit is one way to add positive marks on your report. Moms and Dads do it all the time for their kids to help build up their credit report.
Some items can come off quickly, some things may take months, if ever. It depends on the repair company you use. Some operate unethically and there are many credit repair dimwits out there. Everyone and their mother thinks they can do credit repair. Stay away from promises too good to be true. We have spent thousands of hours researching, testing, monitoring and studying these companies to find the best company for any particular situation.
It’s illegal for credit companies to charge you upfront and not disclose the costs to you, or not give you a 3-day right to cancel, or not explain the services they’re offering including how long it will take and your legal rights! Make sure they deliver what they promise and put it in writing! Then, make sure THEY sign it.
Make Sure You Obey The Laws Regarding Credit Restoration! There are legal ways to do things and illegal ways!
A FICO score is a credit score that determines the likelihood that credit users will pay their bills. The score is developed using models and mathematical tables that assign points for different elements or pieces of information that best predict future credit performance.
FICO scores range from 300 to 850, and are calculated based on payment history, balances owed, length of credit history, types of credit used, and new credit history. FICO 08––introduced in the latter part of 2008––is a new scoring formula designed to more accurately predict loan defaults. One of the primary purposes of FICO 08 was to eliminate the practice of “piggybacking.” This occurs when individuals are permitted to add authorized users on their credit accounts to boost their credit scores. Many lenders have opposed this change because it inhibits compliance with Federal Reserve Board regulations and hinders authorized users, such as spouses and college students, from establishing or maintaining a credit rating.
Millionaire Mentor University does not do credit repair. However, we have strong contacts who are able to achieve amazing results quickly. They know the secrets 99% of the credit repair companies do not know. The difference in knowing the secrets that the 99% don't know is the difference between obtaining $20,000 and $300,000.
There are options for every budget. The bottom line is-- if you have more money than time you spend the time, taking the slower route. This could take several months to repair a credit file. Many negatives may never come off. It's important to be realistic; you can't expect decades of credit issues to be resolved in a few weeks.
However, if you have more money than time you can fast-track the process and usually get the credit repaired, sometimes in as little as a few days. Either way, having good credit vs. GREAT credit is the difference between $20,000 and $300,000.
We have several credit repair companies we can recommend, so contact us to discuss the options.