Rebuilding Your Credit the Right Way

Repairing your credit is the first step in rebuilding credit. To bring up your score, it takes patience, dedication and a willingness to change your ways. Credit scores are based on credit history. This means creditors will look at several years’ worth of your credit history to determine whether you are a good credit risk. You know you need to have a healthy credit score to get the things you want in life. In fact, your credit score affects all aspects of your life.
  • Without a good score you will struggle to get loans or will likely pay high interest rates on car loans, home loans and even personal loans.
  • You will pay higher auto and homeowner’s insurance rates.
  • Paying high interest rates take money directly out of your pocket and affects what you can buy today, including things like groceries.
  • Ability to secure a lease on your dream apartment will be impacted. Low credit scores may keep you from renting an apartment or home without having a co-signer.

When you are short on cash, because you are paying high interest rates on various loans and credit cards, you are tempted to rely on credit cards to buy day-to-day items. This creates a dangerous cycle that can leave you swimming in debt and struggling with the monumental task of rebuilding credit.

Why is rebuilding your credit so important and how does it help your credit score?

  • Establishing credit is one of the ways you can increase your credit score. You need to prove your ability to make payments on time
  • Rebuilding credit is crucial to achieving goals you may have like buying your dream home, owning a new car or even securing a loan to send your child to college.
  • You never know when you may need to take out a line of credit to pay for medical bills or elective procedures like braces for your child.

There are many benefits to rebuilding your credit that will make your life a little easier.

  • Confidence and peace of mind knowing you can buy the things you need in life without worrying about a poor credit score holding you back.
  • Getting lower rates on insurance, car payments and other financed items puts more money in your pocket to put into your savings account.
  • Freedom to choose the best loan with the best rates available instead of taking whatever you can get.

Life is stressful enough without worrying about a low credit score. You need credit from time to time to get the things you want most out of life. Rebuilding credit is something that can be done. With the 10 strategies outlined in rebuilding your credit report, you can achieve that healthy score you have longed for. You won’t have to worry about being denied credit and being forced to do without. It is time to make a change for the better and start doing what you can to take back control of your credit.

Building Credit With Cosigners

cosigners
Building credit without the help of someone can be very difficult. You have to know the ins and outs of the business, and tackling a billion dollar industry on your own can be difficult. One method people use is the help of cosigners. It is important to remember the pros and cons of cosigning, whether someone has cosigned for your, or you have cosigned for someone else. Also, knowing how to cosign effectively for someone is important to build/rebuild your credit.

What are Cosigners?

Cosigning means that due to your lack of credit or poor credit, the bank would like someone with good credit to back you up if you default on the loan. This method is good when you are trying to build or set up credit. Talk with a family member or a friend to have them cosign for you since you don’t have credit. In addition, let them know that you are trying to build your credit.
After a year of on-time payments, your credit should be at a level where you no longer need the cosigner to stay on the loan. Call the lending company and ask them to remove the cosigner. This shows the cosigner that you met your part of the bargain and was responsible with their Now, if you stop paying on the loan, the bank will go after the cosigner for the balance of the loan. If this happens, the relationship will definitely sour, so be cautious about entering into a cosigning agreement with someone.
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If you go down this route, take steps to protect yourself and the cosigner as well. Start with a small loan at the bank and make your payments on time for a year, paying off the balance so that you can release your cosigner. The quicker you can release the cosigner, the faster your credit will increase, and the relationship will improve, as trust in you will increase.
Building credit takes time, but if done correctly, you can reap the benefits greatly. You don’t need to be rich to take your dream vacation or buy your dream home. Budgeting wisely and using credit correctly can help you do these things and more. If you need assistance in achieving these goals and more, feel free to contact me for more information.
Talk to you later….

The Benefits of a Secured Credit Card

secured-cc
I hope you are doing well as we enter the holiday season. It is almost 2017, and many of you still have not taken the step towards financial freedom. One way you can build or rebuild credit is with a secured credit card.

What is a secured credit card?

Getting a secured credit card and using it responsibly is an excellent way to build creditor’s trust in your ability to use new credit so that eventually you can get an unsecured card. With a secured credit card, the companies need the cardholders to secure their credit purchases by depositing a certain amount of money as collateral. That way, if you don’t pay your secured credit card, the bank can get repaid by withdrawing the money owe from the deposit you provided.

These cards can be used the same way as an unsecured card, except that your money secures them. The good thing about secured cards is that no one knows that the card is secured. The downfall to these cards is that they usually come with high interest rates, over-the-limit fees, late fees, annual fees, cash advance fees and maintenance fees. This is the credit card company’s way of encouraging you to pay to build your credit. Once you have reviewed your credit report, you are ready to sign up for a secured card.

$1 Offer - TransUnion Credit Monitoring - Surprise 300x250

Ask for the following questions before you sign a contract or send any money:

  • Does your company report to all three credit bureaus?
  • When will I qualify for an unsecured line of credit?
  • What are your credit card fees?
  • Talk with your major local banks and credit unions.

 What is the best way to find secured cards?

  • Creditcards.com
  • E-wisdom.com
  • Lowermybills.com
  • Bankrate.com
  • Cardrating.com

Banks known to issue secured cards with low limits:

  • Capital One
  • Orchard Bank
  • New Millennium Bank
  • First Premier Bank
  • Applied Bank
  • Compass Bank
  • First Progress
  • Open Sky
  • Discover
  • Wells Fargo
I hope you are working on improving your credit and start the new year on the right foot about credit. You might even be able to take your dream vacation once you get your finances in order, regardless of how small your income is. There is always a way to improve your finances and enjoy life without making extra expenditures.
Feel free to contact me with any questions you may have about any of the services we offer.
Talk to you later…
 black friday

Personal Credit and Business Credit

credit
Personal Credit

Credit is everywhere in our lives, and without it things can get pretty difficult to function on a daily basis. People tend to assume that credit is credit and when it comes to business there is no difference. This is completely false, and you must be on top of your personal credit, and if you have a business, establish business credit completely separate from your personal credit. Personal credit is for exactly what it implies, your personal things, like a house, a car, major purchases, etc. Mortgages, car loans, school loans, store cards and credit cards usually make up a personal credit file. This credit file is established when you open a bank account and/or request credit from a company (credit, auto, bank, store). This credit file will be with Equifax, Experian and Transunion, the three major credit reporting agencies. These agencies will keep track of every time you apply for credit, how many companies grant you credit, how well you pay your credit obligations, where you live, where you work and if relevant, who you marry. These are the things that are relevant to a personal credit file. None of the items in this file should be for a business you own/run. Your personal credit file should never be used for your business. You must establish a separate business credit file for each business you own/run.

Business Credit

A business credit file is something that every business owner should have completely separate from their personal credit file. When you apply for an Employer Identification Number (EIN) or more commonly known as the business tax identification number, you register your business with the IRS for tax purposes. This EIN will be used to pay the business taxes, opening a bank account for the business and apply for credit for the business. Unlike a personal credit file that is established with one’s Social Security Number, the EIN alone does not establish the business credit file. You as the business owner/manager must take the extra step and also apply for a DUNS number from the Duns & Bradstreet company. This DUNS number works in conjunction with the business EIN number and then a credit file for the business is established. A business credit score is called a Paydex score, which like personal credit files, is keeps track of the credit obligations, and the payment history of the business. Once you establish a few credit files with various companies, your business credit file will be available and you can apply for loans and other major purchases under the business, and never having to use your personal credit.

Intermingling

 Sometimes, personal and business credit intermingle, but you should always strive to keep them completely separate from one another. Keeping them separate from the beginning will ensure you keep them distinct from one another. If you use your personal credit to establish the business, try to make it separate as soon as possible. I know that sometimes the type of business you have doesn’t require the need for credit and you will use your personal credit to open up shop and keep it running, but the sooner you separate yourself from the business, the easier it will be to keep your personal and business funds from intermingling. The intermingling of funds and lack of business records keeping are the major downfalls for many start-up businesses. Once you intermingle funds/credit, it becomes easy to continue doing the practice, making it difficult to separate the two down the line. If you need assistance is establishing your business credit, repairing your credit, or just want guidance on your future credit/business endeavors, feel free to contact me for a consultation.

Live and Learn: How I Got into Credit Repair

For many years, over 20, I have provided professional services to mainly my dad’s friends, senior citizens that didn’t speak much English. Social security papers, employment documents, etc., I would help them fill out whatever form they needed assistance with. From there, I started giving business advice to those same Spanish speaking friends of my dad that owned businesses. I was typing papers and letters for various businesses, all before going to college. Learning about credit repair was not even an idea at the time, honestly I didn’t know something like that existed at the time

As the years went by, I continued studying and expanded into the legal field, with an ultimate goal of becoming a lawyer. I became a paralegal to get practice in the field, but doing the administrative and research part was, to me, more enjoyable and I desisted on going to law school. I continued to do some business consulting and assisting as I worked in various law firms through out years, gaining experience in various sectors of the legal field. I concentrated on my career, and was not involved in the family real estate business at this point of my life.

The Downfall

Then, Hurricane Sandy hit in October 2012, and everything changed. The house we lived in was damaged during the storm, looted by thieves afterwards, and insurance didn’t cover any of it. FEMA gave us approximately $4,600 for repairs, but that all went mainly on the clean up and removal of the tree that fell on the house and securing the house to prevent further break-ins. I wasn’t worried about the money at the time because we owned property, in mind it was going to be easy to get a loan for everything we needed to repair and move back home. Boy was I wrong. My dad was developing Alzheimer’s and had not been running the business correctly. I was so busy with my career and kids that I didn’t see the signs that he was sick. He had fallen on several occasions, but each time the doctors said it was because my dad was drinking. He was labeled an alcoholic and was not tested on, if they had , they would have discovered he was having seizures. The seizures were accelerating the Alzheimer’s symptoms, which explained why the business was the way it was.

I tried getting a loan, and was denied because the business didn’t have credit. How could this be when the properties all have a total combined value of approximately $1.2 million. Why am I being denied when we are technically millionaires, at least on paper? The business didn’t have a red cent to its name. The tenants had already noticed something was wrong and were taking advantage of the situation.

I took a step back and started taking control of it all. I began evicting all the non paying tenants, and I took steps to rehab the properties, as they were in disrepair. While all of this was being done, I began to take courses on finances and credit. I had to learn why I was denied, and what I had to do to fix that. It took time but I have learned the ins and outs of credit repair and building credit files for both individuals and businesses. I decided to incorporate my consulting business and build a separate credit file, as I have learned my lesson, the hard way, but at least I learned. I also want to teach others the same before they are faced with a predicament like mines, so I added the service to the list of professional services I offer. Running a business can be bank-breaking, especially the first two years in business. Being able to establish credit early in order to enable the business to run continuously is essential if you want to succeed.  Don’t wait until it’s too late.

I hope my story sets an example of what not to do, and make sure your finances are in order, both business and personally. It’s best to always be prepared because you can’t rely on things, like insurance, to get back on your feet in the face of adversity.

Aren’t Credit Bureaus Supposed to Protect Us…

I have worked as a paralegal in many aspects of the legal field for over 10 years, and working on various bankruptcy cases I’ve learned many things involving the credit industry. Many people are under the assumption that going to an attorney for their credit issues will protect their rights, but this is wrong. Attorneys are trained in bankruptcy law and collection practices, but very few learn the ins and outs of the rights consumers have and how they can be protected prior to any court intervention.

You should always work on your credit and have errors corrected and/or removed before filing for bankruptcy for two main reasons. First, some attorneys charge by the number of accounts they will be “discharging” for you. Second, once you file for bankruptcy, you have automatically verified all your debts, whether they can be legally collected on or not. Unless you verify your accounts, especially collection accounts, the credit bureaus are not going to correct or delete them all together. Many attorneys are trying to process as many bankruptcies as possible, and will not bother to verify the accounts before filing. They will go by the accounts listed on the credit report and process the case accordingly.

Credit repair does not have to be done by an attorney, but there are several attorneys that will go the extra mile for a client before advising them to go down the bankruptcy route. Using a reputable credit consultant is advisable but finding one with integrity might be difficult. We have been conditioned to believe credit repair is not legal and many engage in shady practices. A reputable credit consultant will give you a contract of services, they will not guarantee results, has a cancellation clause in the contract and does not conduct illegal practices like purchasing trade lines for your report.

Credit bureaus and creditors pay large sums to advertise that credit repair is illegal, but don’t believe the hype. Credit repair is LEGAL and regulated under the 1996 Credit Repair Organizations Act (15 U.S.C. §§ 1679-1679j), and these organizations/companies use the 1970 Fair Credit Reporting Act (15 USC § 1681 et seq) to repair a client’s credit file. These laws have been around for decades, but big bucks are paid to have you think credit repair is illegal and that nothing but time can fix your credit.

If you are interested in saving money by working on your credit file, correcting errors and improving your credit scores, contact me and schedule an appointment today.

I Suck at Budgeting!

budgetFor years I have struggled with keeping a budget the way most advisors say it should be kept. Being involved in business, I have always been surrounded by numbers and finances. Since I’ve been involved in businesses since the 80s, most of my research was done the old-fashioned way, going to the library and borrowing books. Each and every book I have read throughout the years only repeated the same information…you must keep track of everything that comes in and goes out.

Budgeting is the lifeline for everything in life, whether for business or personal. All the books say you must keep track of everything you spend money on, no matter how small the amount is. Seriously, having  a full-time job, running two businesses, taking care of my dad who has epilepsy and Alzheimer’s and a single mom, its difficult keeping track of the small expenses. The notion that you cannot budget correctly unless you account for it all is a set up for failure for many, especially when you are not used to using lists and budgets to keep track of it all.

Budgeting has to be realistic, and should cater to everyone’s level of budgeting ability. You should keep track of when your payments are due, since most money gets spent on overdue and late payment fees. Making sure your payments are made on time teaches discipline and can enable you to move from living paycheck to paycheck to just living. As long as your  bills are paid on time, too much shouldn’t be spent stressing on the little things you are spending money on. Eventually you will take everything into consideration, but it takes practice and discipline, take baby steps. Don’t force yourself to change your habits overnight. Forced things never stick, and you want to be able to practice good budgeting skills as if it was second nature.

One thing I do stress from the beginning is to make savings and an emergency fund a required monthly bill. An emergency fund is money that you use in an emergency, just like the name implies. It is customary for financiers to say you need at least six months of living expenses set aside in an emergency fund. This will enable you and your family to survive, whether it be because of loss of employment/income, natural disaster, etc. When starting an account like this, you can account for anything, besides your monthly expenses, that you want to make sure its covered for, in case of anything. You do not need to start setting aside large amounts, starting by setting aside as much as $1.00 is all you need. We always make excuses when it comes to saving funds, but saving money is a learned practice that increases over time. You set the bar with the amount every month. Over time it will increase as your budgeting practices get better.

A savings account is separate from your emergency funds, because buying a car or a house is a luxury and not an emergency. A savings account is for whatever luxuries you want to buy. You want to go on a vacation, it comes out of your savings account. You want a new car, the deposit comes out of the savings account. Just like the emergency fund, you can start saving as little as $1.00 until you get used to the practice. As your budgeting gets better, you will automatically increase the amount of money you set aside and before you know it, you can afford to give yourself certain perks that were not possible before.

Budgeting doesn’t have to be hard or a burden. Keeping track of finances is hugely important, since many aspects of our lives are controlled and dominated by money and credit. Here’s a simple MONTHLY BUDGET PLANNER I have created to make budgeting easy. Good credit starts by budgeting and keeping track of credit obligations. I have included simple instructions with planner and I hope it helps you with your finances as much as it has helped me.

What is a Credit Score?


Every where we go, you hear talk about good credit, credit checks, credit scores, and other credit terms that can baffle you. Credit and credit scores are the lifeline of the financial industry. It is very difficult to go through life without applying for some form of credit. Credit is when an individual or business gives you something of which you promise to pay at a later date, usually in installments. Loans, mortgages and credit cards are the well known types of credit there is, but changes in the credit reporting industry can have accounts reported from utility companies, insurance companies and landlords/rental companies.

Credit is granted based on what is in your credit reports and your credit scores. A credit score is a numerical calculation on the likelihood that you will pay your credit obligations. The higher the number, the more trusting a company is to grant credit. The numerical calculation is based on your payment history, types of credit, amounts owed, length of credit and credit inquiries.

Payment history is makes up 35% of your credit score, making it the most important. Always make your payments on time and never skip one. Missing one payment or paying late can drop you scores by 20 points, even more, and recovering from that can take a long time.

How much you in all your credit obligations accounts for 30% of your credit scores. Just because you have a $1,000 credit limit on a credit doesn’t mean you should use it all. The optimal rate is using 30% of your available credit, going over this percentage reduces your credit scores.

Length of credit history is 15% of your credit scores. The longer you have had credit accounts open and active, the better your scores. This shows that you’ve had credit for some time and have kept up your part of the bargain. The longer you have had credit, the better the odds of attaining new credit.

Your credit scores also take into account the kind of credit you have, and it makes up 10% of your scores. An optimal credit report has 1 mortgage loan in good standing, 1 auto loan in good standing and 3-4 credit cards, active and in good standing. Having different types of credit accounts shows all around financial stability and creditworthiness.

Finally, inquiries into your credit reports account for 10% of your scores. Whether credit is granted or not, every time you apply for any typ of credit, a notation is made in your credit reports. Too many inquiries, especially around the same time, can raise a red flag while lowering your scores at the same time. Creditors assume you are applying for credit irresponsibly when you request lots of credit at the same time.

Do you know the health of your credit profile? When was the last time you checked your credit reports? Are you actively taking care of your credit reports, improving them so your credit scores can go up? If you need assistance in this, or have another credit question, feel free to CONTACT ME.

Credit and Death

 We are always talking about credit and how to deal with it in the now, but what happens to credit obligations when the credit holder passes away. For the most part, people hate having to talk about death and planning for that moment, and usually avoid the issue at all costs. Death and taxes and unavoidable no matter how you choose to ignore it.

Your credit debt does not automatically get “erased” upon death. Your estate administrators have to handle all debts and obligations before the estate can be finalized. You are probably thinking ‘I don’t have enough money to have an estate’, wrong. Everybody has an estate upon death. Some only have personal property like jewelry and home furnishings, while others have large sums of money, real property, etc.

If you die and had a written will, your estate will be probated in surrogates court and handled by the Executor/Executrix named in your will. If you die without a will, your property will go through administration in surrogates court and handled by an Administrator/Administratrix appointed by the court, usually a next of kin. This Executor(trix)/Administrator(trix) has to pay all the debt left by the decedent (legal word for the dead person) before anyone can inherit. Debt can be a mortgage, credit cards, auto loan, medical debt, child support, liens, etc. If you ever received help from the government (welfare, Medicaid, food stamps), they can put a lien on the estate and recoup the funds, which can blindside a family not expecting something like this.

To avoid surprises and family bickering, you should have a will stating everything you want done and who to handle it all upon your death. You should take it one step further and have some form of insurance to cover these expenses, that can be burdensome to a grieving family. There’s burial insurance that can cover all funeral and burial expenses, helping your loved ones since they don’t have to worry about having to pay for this expense. Then there’s whole and term life insurance which can cover all the other expenses and offer some stability to the beneficiaries of the policy. Also, the estate can take long to be finalized, years even.  The insurance policy can help your family/heirs greatly during the court process and can be as low as $5.00 per month. Most of us have shoes that cost more than a simple yearly policy.

Planning for the future is important, especially if you already have children. Why be a burden on them while they are mourning your loss. Taking care of your credit is important while you are alive, but also in death. Credit and the benefits it brings is important in life and can be damaging if not used correctly, but don’t neglect taking care of your credit after death. Please feel free to contact me if you have questions by sending me an email HERE.

COLLECTION ACCOUNTS AND CREDIT REPORTS


People try to keep up with their bills but things happen in life which sometimes causes situations to change. People usually stop paying a bill(s) because of loss of employment, reduction in income, medical emergency, family tragedy, and/or change in life circumstance, just to name a few. After a few months of the nonpayment, this bill will more than likely be turned over to a collection agency. This is when those dreaded color envelopes start coming in the mail.

A collection agency is a company that is in charge of collecting on the outstanding debt. Sometimes the “agency” is a department in the same company that the money is owed to, but for the most part, it is an external company that purchases the debt off the original creditor. Once the collection agency starts acting on the account and reporting to the credit bureaus, the original creditor should not be reporting the same debt. This is a common error in many credit reports that can be disputed and removed.

Collection agencies tend to sell off accounts to other companies, but fail to provide all of the corresponding paperwork that goes with the account and also in updating credit bureaus of the account changing holder(s). This is a huge problem as two companies, or more, can attempt to collect on the debt as well as both reporting the same debt to the credit bureaus. People can end up paying the same debt more than once, without noticing, because different companies were collecting on the same debt at the same time. Also, more than one company reporting on the same debt can make your “credit burden” look larger than what it actually is, causing requests for new credit to be denied and/or interest rates to be higher than what they should be, had these errors been corrected in a timely fashion.

All collection accounts, because of the fluid nature of the business and the ease of transfer between companies, should be verified before being paid off. Also, make sure you request a pay-per-deletion letter before making any payment. This letter ensures you get the negative entry of the collection account removed from your credit reports, as you can submit it yourself to all credit bureaus, instead of waiting on the collection agency to do so, which can take forever.

If you are planning on buying a home, take care of all collection accounts on your credit reports at least one (1) year prior to applying for a mortgage. These negative accounts in your credit history can mean the difference between a 4% and a 9% mortgage interest rate. Not taking care of these accounts can be costly over the years, and taking care of them today will be beneficial to your financial stability and success. CLICK HERE for more information on repairing your credit.

SO YOU WANT TO BUY PROPERTY

buying propertyEveryone, at one point in their life, wants to purchase property. Whether it’s your first home or an investment property, the procedure is always daunting as the rules and requirements are constantly changing, especially after the economic crisis of 2008.

Before you start to prepare to buy property, you must decide what kind of property you want to buy. A house, condo, co-op, mobile home or even a boat. All have the basic common expenses like mortgage, insurance, property taxes and water charges, but some have additional fees necessary because of the kind of property it is. Examples of these charges are housing association fees, board fees, storage room fees, carport fees, amenities fees, parking fees, pier/docking fees and maintenance fees, to name a few. Also keep in mind that your insurance rates will also be based on the kind of property being purchased.

Once you have decided what kind of property you want to purchase, you must do a “credit freeze”. You don’t have to actually freeze your credit file, but you shouldn’t apply for any new credit, not even for a car, for at least twelve (12) months prior to you making the purchase. Opening new lines of credit can hurt your credit scores. Every time your credit is checked by a lender/creditor, a new inquiry gets added to your credit reports, regardless of approval. If the credit is granted, you are increasing your financial liability. Too many lines of credit makes you look vulnerable to lenders, always remember, you are judged by what’s in your credit reports.

You should work on your improving your credit file. Mortgage rates can fluctuate depending on the number of charge-offs, collection accounts, late payments and other negative information that can be found in your credit reports. Working with a credit consultant can help you achieve an optimal credit file by making plans and setting you up with financial goals. The credit consultant will assist you in clearing as much erroneous and incorrect information off your credit reports as possible, as well as teach you how to set up a budget and plan that works around your specific situation. With good credit and scores, you can receive low mortgage and insurance rates, the biggest monthly expenses a homeowner has. Why not ensure you receive the best rates possible by hiring a credit consultant to help you.

The credit consultant will also help you find ways to save additional money every month. Even if you are financing the purchase 100%, you must always be prepared for any incidental costs that may arise from the purchase. As a paralegal for over 15 years, I have seen real estate transactions fall apart at the closing table because the buyer could not pay for a certified land survey, they had open parking violations that had to be paid before the documents are signed, or there was a shortfall in the financing and the gap could not be covered. As a buyer, you are taking on a huge responsibility and as such you must be prepared for anything.

Buying property is a very rewarding experience and at that moment in the closing, when those keys are handed to you, a feeling of accomplishment and pride flows through you. It’s an incredible feeling, one that everyone should experience at least once in their lifetime. If you are a future home buyer and want to discuss your credit, please feel free to contact me.

Just Because its Bigger, Doesn’t Mean its Better

big not betterCredit repair companies are looked upon with a skeptical eye as many have been led to believe that credit repair is illegal and only time can repair your credit. This is not true and the Fair Credit Reporting Act gives you the right to challenge incorrect information in your credit reports. Why wouldn’t you challenge information in your credit reports that are reflecting negatively on your credit worthiness. There are many credit repair companies out there, but not all provide the same level of service.

Not too long ago, someone reached out to me with questions about credit repair. I was shocked to find out that he had signed up with a large, and very well-known repair company, over a month had passed yet he had not heard a thing from them. Our turnaround time is less than a week, and we get started immediately on your analysis and disputes. The credit repair process takes time when done legally; hence, the faster you begin the process, the quicker the results.

Also, credit repair is not only disputing negative items in your credit reports, establishing good credit at the same time is essential for the process to work. Knowing when and how to establish new and good credit history is something Martinez Consulting Services teaches, as well as other credit habits that should be implemented in order to achieve financial goals and independence. Learning how to use credit correctly will help raise your scores and credit worthiness in the eyes of creditors and lenders, placing you in a position where you can purchase your dream home, dream car, send your kids to the college of their choice or take that dream vacation without leaving you destitute. The possibilities are endless if you take control of your credit and finances today. To request information or to get started, please send your contact information with preferred method and time of contact to Lmartinez964@optimum.net.

Other Services we Offer:

Notary Services

  • Mobile Notary
  • Apostille Services
  • Signing Agent Services

Business Services

  • Business Formation
  • Licensing/Permit Application
  • Consulting Services
  • Credit Services

Individual Services

  • Document Preparation
  • Typing Services
  • Credit Repair/Analysis
  • Virtual Bankruptcy Assistant (For attorneys only)

The Time is Now – Repair Your Credit Today

FullSizeRenderWelcome to a new year. A time to start over and a time to fix our past errors. One of the biggest mistakes people often make is not taking care of their credit. Whether noticeable or not, credit affects our day to day lives, regardless of using the credit or not. Knowing how to use credit correctly can open many doors, like:

  • Better rates on mortgages and refinances
  • No or low interest rates on credit cards
  • Lower rates on car loans
  • Better insurance rates, whether life, auto, etc.
  • Positive results on job screenings that perform credit checks
  • Better housing options

Having good credit is important and you need to stay on top of it. Under the Fair Credit Reporting Act (FCRA), you have the right to dispute all inaccurate, erroneous and obsolete information. Information being reported that is wrong can be legally removed from your credit reports. This goes for anything and everything, including but not limited to:

  • Foreclosures
  • Student loans
  • Late payments
  • Bankruptcies
  • Repossessions
  • Child support
  • Charge offs
  • Public records
  • Collections
  • Judgements
  • Tax liens

Martinez Consulting Services will help repair your credit and teach you the necessary tools to help you achieve your credit goals, whether it’s to be debt free, buy a house, buy a car or take that dream vacation. The possibilities are endless if you take control of your credit and finances today. To request information or to get started, please send your contact information with preferred method and time of contact to Lmartinez964@optimum.net.


 

Other Services we Offer:

Notary Services

  • Mobile Notary
  • Apostille Services
  • Signing Agent Services

Business Services

  • Business Formation
  • Licensing/Permit Application
  • Consulting Services
  • Credit Services

Individual Services

  • Document Preparation
  • Typing Services
  • Credit Repair/Analysis
  • Translation Services (Spanish/English)
  • Fingerprinting

Lorraine Martinez
Mobile Notary, Business and Certified Credit Consultant
Martinez Consulting Services Corp.
P.O. Box 506
Bronx New York 10459
347-947-0084 Tel/Text
800-957-4405 Fax
Lmartinez964@optimum.net

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