Resources

Credit Reports and Services:

Credit Reports

Credit Reports

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IMPORTANT INFORMATION: When you order your $1.00 Credit Reports and Scores, you will begin your trial membership for 7 days. If you don't cancel your membership within the 7-day trial period, you will be billed $24.95 for each month that you continue your membership. This is the service we use to monitor your progress with us. It is required when using our service because it updates your scores very often. So, if you know that you are going to use our credit restoration service, then try to get it before your Free Consultation or just get it for yourself!

 

Annual Credit Report

Annual Credit Report This central site allows you to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.

 

Secured Credit Cards

Secured Credit Cards

Secured credit cards are in demand, especially in a bad economy. What is a secured card? A secured credit card is typically a Visa or Mastercard, but it requires a cash deposit as collateral. The card is designed to help people who have been refused a credit card in the past because of bad credit, no credit, etc. They typically have higher monthly, annual, and initial fees. In a sense, you have to pay your dues. If you do get a secured card, use responsibly. Don’t mess up this opportunity. Its designed to help those who have had trouble obtaining a credit line in the past. Why do people seek out a secured card? One main reason is because they have been refused an unsecured credit card in the past. Some have no choice but to use this card with hopes to build a credit history.

Compare some of the most recent secured credit card offers below, and apply for the one that you feel comfortable with! Do remember to read all the terms and conditions, so their are no surprises with regards to fees and high interest rates.

Consumer Resources:

Consumer Rights

You have the right to receive a copy of your credit report. Each of the nationwide consumer reporting companies — Equifax, Experian, and TransUnion — is required to provide you with a free copy of your credit report, at your request, once every 12 months. If a company denies your application, you have the right to the name and address of that credit bureau.

If you question the accuracy or completeness of information in your report, you have the right to file a dispute with the consumer reporting company and the information provider. You have a right to add a summary explanation to your credit report if your dispute is not resolved to your satisfaction. Learn More @ The FTC Web Site

The Fair Credit Reporting Act

This is the Fair Credit Reporting Act (FRCA) as prepared by the Federal Trade Commission (FTC). It is intended only as a convenience for the public and not a substitute for the text in the U.S. Code. Learn More

Identity Theft

A number of government and private organizations have information about various aspects of identity theft and fraud: how it can occur, what you can do about it, and how to guard your privacy. Agencies like the Federal Bureau of Investigation, Federal Trade Commission, United States Postal Inspection Service, United States Secret Service, the Better Business Bureau, and more.

There is no "quick and easy" answer to this question. You should discuss your situation with a credit counselor or a bankruptcy attorney, to evaluate the costs and benefits of bankruptcy given your personal financial situation.

Not every debtor qualifies to file for Chapter 7 bankruptcy. A means test is applied to determine if you will be able to repay a substantial percentage of your debt, and if you are determined able to do so you will be ineligible for a liquidation of your debts and will likely have to engage in a repayment plan as part of a Chapter 13 bankruptcy.

The type of debt you owe can be a significant factor in whether you file for bankruptcy, as well as the form of bankruptcy you pursue. Factors which may affect your decision to file for bankruptcy protection are detailed in this associated article: Filing For Personal Bankruptcy Protection in a U.S. Court.

Your ability to rebuild credit after filing bankruptcy is better than it has ever been. After you get your discharge, you will receive many solicitations from lenders offering to finance homes, vehicles and credit cards.



Here are some tips to responsibly and successfully rebuild credit:

  • Open a checking or savings account. Lenders may look at this to determine if you can responsibly handle money.
  • Apply for store and gas credit cards that you would normally pay cash.
  • Apply for a secured card where you deposit cash and charge against it. Pay advances back over two months so that they will be reflected as positive marks on your credit report.
  • Pay your utility bills and rent on time for at least a year.
  • Find a friend or relative to cosign for you on a loan and pay it on time.
  • Look for car dealers and mortgage brokers that attest to be "bankruptcy friendly". Buy a used car so you do not get hit with the depreciation that occurs during the first two years of a new car purchase.
  • Stay away from payday loans that are at high interest rates and are a "bad credit" trap.
  • Write a letter to each credit reporting agency explaining the circumstances that lead to you filing.
  • Live within your means. Do not unnecessarily increase your debt to income ratio by taking on credit to purchase luxury items that you DO NOT NEED. Your payments on consumer debt should equal no more than 20% of your expendable income after costs for housing and a vehicle.
  • Pay your reaffirmed, pre-bankruptcy debts on time.

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