Credit Repair

Life Happens!

When it happens to you it can be not only be frustrating but seriously detrimental to your financial well being. Don’t be a willing victim! We discussed in the previous section “Credit Scoring” how your credit actions determine your profile and how that profile is modeled into your credit score. Basically the rules of how to win at the credit game.  OK… now that you know the rules lets get in the game…… some shocking news! Here are statistics from a report conducted by the National Association of State Public Interest Research Groups reported in 2004.
 
 – Twenty-five percent (25%) of the credit reports surveyed contained serious errors that could result in the denial of credit, such as false delinquencies or accounts that did not belong to the consumer; that will not only check for issues that may be flagged by the new automated underwriting programs but also provide a written report of suggestions on your specific use of credit and how it may be enhanced. You may be a year away from a purchase but trust me, it is never too soon to jump start your credit score.
 
– Fifty-four percent (54%) of the credit reports contained personal demographic information that was misspelled, long-outdated, belonged to a stranger, or was otherwise incorrect;

– Twenty-two percent (22%) of the credit reports listed the same mortgage or loan twice;

– Almost eight percent (8%) of the credit reports were missing major credit, loan, mortgage, or other consumer accounts that demonstrate the creditworthiness of the consumer;

– Thirty percent (30%) of the credit reports contained credit accounts that had been closed by the consumer but remained listed as open;

– Altogether, 79% of the credit reports surveyed contained either serious errors or other mistakes of some kind

Wow… even if you did everything right 1 in 4 credit reports have errors significant enough to impact your financing do to mistakes.

The good news! Your not alone and Norstar is here to help.

1. You need a current credit report from all 3 credit bureas with FICO scores to review.

2. Honestly assess where you are. Own it, you co-signed for your brother’s car and he missed payments. When you co-sign you are saying you will make the payment if they can’t. If you can’t afford it… Don’t co-sign.  No matter how bad your credit, it can be fixed. It is just a matter of time and your willingness.

3. From this day forward protect your credit. If you have a dispute over a cell phone and they threaten collection… even if they are wrong… pay it! and then fight. That $60.00 collection will cost you way more on your credit score. Know who reports… Car inspection was $500 more than expected and you have to pay a credit card and a utility bill. Most utilities don’t report a late payment. Pay the credit card! Protect your credit score.

4. Understand that just fixing the bad credit does not build your credit score. It pulls your score down and correcting it may increase your score only if you have a positive current credit profile. We have strategies, please contact us to discuss your personal situation.

NORSTAR OFFERS 3 STAGES of CREDIT ENHANCEMENT! 

Stage one you will learn the rules of the credit game that we all play. Knowing the rules will allow you to correctly repair or enhance your credit.

Norstar would like to offer a better way!  complete a mortgage application (it’s free). This will allow us to discuss your credit options and utilize credit software that will not only check for issues that may be flagged by the new automated underwriting programs but also provide a written report of suggestions on your specific use of credit and how it may be enhanced. You may be a year away from a purchase but trust me, it is never too soon to jump start your credit score. 

When you need it fast we also have a rapid re-score program available. Rapid Re-Score can clean and update accounts with your new credit posting in less than 72 hours!!

Additional costs may apply from the credit agency… we do not profit from these… typical is about $25 per bureau per tradeline… it can be done without documentation!! Please note that most times we can show you how to do this for free if you have time!!

 Stage one works great for many people but sometimes there are a few issues that are a little more involved. Stage two offers you the option to get setup on the Avail system. You will have a dedicated credit adviser working through an automated system walk you through the steps. Debt reduction analysis, Automatic correction letters, Quarterly reviews charting your progress and your score improvements. Answer those questions… Should you close that account? Should you open a new account? Pay down or pay off? Simply and effectively you can answer those questions and actually gauge the impact on your score before you make a move! This service is provided as an extension to our credit company so we are able to bring it to you at a significant cost savings that won’t require a loan just to get started. 

$99.00 for up to a year!! You decide how quick you want to go… we will also credit Avail subscribers $100.00 toward closing costs on the purchase of their new home!!

Check out the video for more information about the Avail Credit System.

AVAIL http://www.availcoach.com/avail

Stage Three offeres the most comprehensive and aggressive action through a dedicated Credit Enhancement Company. There are many Credit repair companies out there that want over $1,000 upfront plus fees and a signed contract with no gaurantee of results! Norstar has negotiated for you.

NO CONTRACTS! $99.00 setup fee and $49.00 per month. They will deal direct with you and the credit bureas to get the job done. You can improve your credit! Call for free credit booklet…

Need your new home NOW? We will email you a video describing how to revamp your credit score quickly.

 Free Annual Credit Reports
US consumers can get their credit report for FREE once a year!
Call toll free: 1–877–322–8228
Hearing impaired TDD service: 1–877–730–4104

Annual Credit Report Request Service
PO Box 105283
Atlanta, GA 30348-5283
www.AnnualCreditReport.com

(This Annual Credit Report company is sponsored by the three major Credit Bureaus… Equifax, Experian and TransUnion.  If you have already ordered a credit report in the last 12 months and would like to order a new one, you can contact the credit bureaus directly.)

The Three Main Credit Bureaus if You Wish to Contact Them Also…

Equifax
1-800-997-2493 or 1-800-685-1111
P.O. Box 740241
Atlanta, GA 30374
www.Equifax.com  

Experian
1-888-397-3742
P.O. Box 9595
Allen, TX 75013

www.Experian.com

TransUnion
1-800-888-4213
2 Baldwin Place
P.O. Box 2000
Chester, PA 19022

www.TransUnion.com

 

3 thoughts on “Credit Repair”

  1. While we are discussing about topics relevant to %BLOGTITLE%, People these days live extremely hectic life. One does not have the moment or fortitude to happen for a financial institution branch office and stand up in line for purchasing and filling up mortgage utility methods. Not each one has the amount of willpower sometimes to shell out their valuable several hours which could have been better utilized at generating money or buying that point with family.

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