DID YOU KNOW ...
The FTC also regulates the Fair Credit Billing Act (FCBA), which is designed to protect consumers from inaccurate information by their original creditors. The FCBA states that the consumer is not liable for unauthorized charges and other billing mistakes by their original creditor. The FCBA also states that that the original creditor is responsible for verification of any adverse account that the consumer challenges, and also responsible for any illegal activities by third party collection agencies that the original creditor assigns the account to.
» The FCBA bounds original creditors to correct inaccurate reporting of information to the credit reporting agencies.
» Fair, Isaac and Company of California originally developed the concept of the credit scoring model for use by financial institutions. Today, most credit agencies and lenders calculate your credit score (FICO) based on their formula.
» Credit scores are being used increasingly by potential employers as a considering factor for hiring.
» Credit scores are now being used on a small scale to determine auto insurance and utility rates.
» The credit score is a computation of many different factors, including payment history, proportion of debt to available credit, and amount of credit used.
» The length of a consumer's credit history counts towards 15% of consumer credit scores.
» A consumer's payment history counts towards 35% of credit scores.
» The type of credit a consumer has open determines 10% of their credit score. The different types of credit include: secured - mortgages, unsecured/revolving - credit cards, installment - car payments and small home improvement loans.
» In calculating credit scores, the amount owed is an important indicator of a consumer's credit worthiness, and equates to 30% of their credit score. If a consumer is carrying high balances on many accounts, creditors may see this as a sign of financial over extension, or possibly irresponsible credit use, and may assign the consumer a high risk. Consumers should make every attempt to keep account balances at 35% of their allowable credit limit.
» The amount of newly established credit accounts for 10% of the credit score.
» The best way for a consumer with little or no credit history to establish good credit is by applying for a secured credit card and making the payments on time.
» The FCBA bounds original creditors to correct inaccurate reporting of information to the credit reporting agencies.
» Fair, Isaac and Company of California originally developed the concept of the credit scoring model for use by financial institutions. Today, most credit agencies and lenders calculate your credit score (FICO) based on their formula.
» Credit scores are being used increasingly by potential employers as a considering factor for hiring.
» Credit scores are now being used on a small scale to determine auto insurance and utility rates.
» The credit score is a computation of many different factors, including payment history, proportion of debt to available credit, and amount of credit used.
» The length of a consumer's credit history counts towards 15% of consumer credit scores.
» A consumer's payment history counts towards 35% of credit scores.
» The type of credit a consumer has open determines 10% of their credit score. The different types of credit include: secured - mortgages, unsecured/revolving - credit cards, installment - car payments and small home improvement loans.
» In calculating credit scores, the amount owed is an important indicator of a consumer's credit worthiness, and equates to 30% of their credit score. If a consumer is carrying high balances on many accounts, creditors may see this as a sign of financial over extension, or possibly irresponsible credit use, and may assign the consumer a high risk. Consumers should make every attempt to keep account balances at 35% of their allowable credit limit.
» The amount of newly established credit accounts for 10% of the credit score.
» The best way for a consumer with little or no credit history to establish good credit is by applying for a secured credit card and making the payments on time.
Credit Testimonials
"I utilized FES DebtZero and was completely blown away at how much money they found in my monthly budget. I used their step-by-step program to quickly pay-off my credit card debt and now I will be able to pay off my 30 year mortgage in ten years. I am very happy with their service and recommend them highly."
Terry Culhane
Petaluma, California
"About nine months ago, we were in credit card debt of over $15k. Thanks to FES DebtZero, not only did we get rid of those debts, we purchased our first home. We could not have done all of this without the help of FES DebtZero."
Debbie Bowes
Arlington, Virginia
"How can I thank you enough? I thought I was doomed to pay high interest rates or not be able to finance a car or house. Thanks to you my credit scores have become respectable within only a few months."
Colleen and Dave Hughes
Chicago, Illinois
CREDIT
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Currently we are experiencing a downward spiral that is affecting families of every ethnic background and socio-economic status. Unemployment, down sizing, restructuring and many other factors are contributing to the unwelcome adjustments for many families. The question is :
"How many people do you know who have less than perfect credit?"
EMPLOYMENT AND YOUR CREDIT SCORE
Having less than perfect credit, some which may indicate a potential problem for employers and some situations where the individual had little or no control. For example, a low credit score may indicate a limited use of credit, a severe illness with big medical bills or a lengthy layoff with no severance.
Regardless of their income, some individuals simply live beyond their means on a regular basis, overspending on credit. To employers, that could raise a warning flag about an applicant's possible lack of self-discipline -- and maybe even lack of integrity. And employers might reasonably be concerned that an employee's money problems could tempt him or her to steal or to pad an expense account.
With few jobs and so many candidates with similar qualifications looking for work, employers often look for small differentiating factors (positive and negative) to help them make decisions. Credit history can be one of these.
YOUR INSURANCE RATES
Your credit score affects the rate you pay in interest to your car insurance.
According to a recent survey by Conning & Co., a Hartford, Connecticut-based insurance research firm, 92 percent of all insurance companies use credit information when underwriting new policies. In fact, credit history is becoming one of the major factors, if not THE major factor, in determining insurance rates.
Did you know that even your car insurance is affected by your credit score? When it comes to insurance, providers say there may be a relationship between a person's credit history and the possibility of filing a claim. According to the Insurance Information Institute (III), people with a lower credit score are more likely to file a claim than someone with a higher credit score.
Your credit score is just as vital as your social security number, as to who you are!
"How many people do you know who have less than perfect credit?"
EMPLOYMENT AND YOUR CREDIT SCORE
Having less than perfect credit, some which may indicate a potential problem for employers and some situations where the individual had little or no control. For example, a low credit score may indicate a limited use of credit, a severe illness with big medical bills or a lengthy layoff with no severance.
Regardless of their income, some individuals simply live beyond their means on a regular basis, overspending on credit. To employers, that could raise a warning flag about an applicant's possible lack of self-discipline -- and maybe even lack of integrity. And employers might reasonably be concerned that an employee's money problems could tempt him or her to steal or to pad an expense account.
With few jobs and so many candidates with similar qualifications looking for work, employers often look for small differentiating factors (positive and negative) to help them make decisions. Credit history can be one of these.
YOUR INSURANCE RATES
Your credit score affects the rate you pay in interest to your car insurance.
According to a recent survey by Conning & Co., a Hartford, Connecticut-based insurance research firm, 92 percent of all insurance companies use credit information when underwriting new policies. In fact, credit history is becoming one of the major factors, if not THE major factor, in determining insurance rates.
Did you know that even your car insurance is affected by your credit score? When it comes to insurance, providers say there may be a relationship between a person's credit history and the possibility of filing a claim. According to the Insurance Information Institute (III), people with a lower credit score are more likely to file a claim than someone with a higher credit score.
Your credit score is just as vital as your social security number, as to who you are!
THE CREDIT PROCESS
The credit restoration process begins once the customer’s address and SSN verification documents are received by the processing center. Acceptable forms of address verification are pre-printed documents, which include the customer’s current address (i.e.: driver’s license, utility bill or credit card bill). Acceptable forms of SSN verification include a copy of the Social Security Card, a pay stub or W-2 form. » Within seven to ten business days after these documents are received and the file is complete, the customer will receive their first set of dispute letters to review, sign and forward to TransUnion, Equifax and Experian.
» United Credit Education Services will send a letter 10 days following the mailing of the initial dispute letters to assure that the customer has received the package and to provide all necessary contact information. Every 45 days thereafter the customer will be contacted and reminded to forward all correspondence received from the credit agencies to the processing center for inclusion in future dispute letters.
» If the dispute letters require any changes the customer is encouraged to make them on the dispute documents and forward them back to the Processing Center. In turn, the processing center will make the changes and forward new dispute letters to the customer for final review.
» Once the customer is satisfied with the dispute letters, they will sign and mail them to the three credit-reporting agencies as outlined restoration. Dispute letters will be prepared and sent approximately every 60 days thereafter for the duration of the client’s credit restoration service.
» The duration of the service is five dispute cycles, typically lasting eleven to twelve months.
» The customer can access their progress report online 24/7, 365 days per year at www.united-credit.org. The login is the client's Social Security number and the password is the last four digits of their Social Security number. The customer will also receive a progress report with their dispute packet from cycle two through five. The progress report will outline each account in dispute and the status.
» According to the terms and conditions of the sales contract, a split payment sale requires the client to make the first and second payment.
» Check and check by phone information must include the name, physical address and phone number of the check writer. PO boxes on checks cannot be accepted. Business checks must include the FIN of the business.
» New clients missing documents will receive an e-mail reminder every three days to complete their file. The client will receive five written notifications as well. These documents are crucial to establish identity to the credit bureaus and to protect your client from identity theft.
» The customer must forward any and all correspondence from the three credit reporting agencies to the processing center without delay. (Credit reports are not accepted via fax.) Failure to do so may result in inaccurate dispute letters. It is advised that the customer retain a copy for their records.
» The customer may cancel the enrollment agreement without penalty or obligation anytime prior to midnight of the third business day after it is received by the processing center.
» If the customer is not satisfied after three dispute cycles, they may receive a refund less a $125 set-up fee, and $25 for each negative removed or corrected during the time they were enrolled in the credit restoration process.
SOUND FAIR? Let's get started! ENROLL NOW
» United Credit Education Services will send a letter 10 days following the mailing of the initial dispute letters to assure that the customer has received the package and to provide all necessary contact information. Every 45 days thereafter the customer will be contacted and reminded to forward all correspondence received from the credit agencies to the processing center for inclusion in future dispute letters.
» If the dispute letters require any changes the customer is encouraged to make them on the dispute documents and forward them back to the Processing Center. In turn, the processing center will make the changes and forward new dispute letters to the customer for final review.
» Once the customer is satisfied with the dispute letters, they will sign and mail them to the three credit-reporting agencies as outlined restoration. Dispute letters will be prepared and sent approximately every 60 days thereafter for the duration of the client’s credit restoration service.
» The duration of the service is five dispute cycles, typically lasting eleven to twelve months.
» The customer can access their progress report online 24/7, 365 days per year at www.united-credit.org. The login is the client's Social Security number and the password is the last four digits of their Social Security number. The customer will also receive a progress report with their dispute packet from cycle two through five. The progress report will outline each account in dispute and the status.
» According to the terms and conditions of the sales contract, a split payment sale requires the client to make the first and second payment.
» Check and check by phone information must include the name, physical address and phone number of the check writer. PO boxes on checks cannot be accepted. Business checks must include the FIN of the business.
» New clients missing documents will receive an e-mail reminder every three days to complete their file. The client will receive five written notifications as well. These documents are crucial to establish identity to the credit bureaus and to protect your client from identity theft.
» The customer must forward any and all correspondence from the three credit reporting agencies to the processing center without delay. (Credit reports are not accepted via fax.) Failure to do so may result in inaccurate dispute letters. It is advised that the customer retain a copy for their records.
» The customer may cancel the enrollment agreement without penalty or obligation anytime prior to midnight of the third business day after it is received by the processing center.
» If the customer is not satisfied after three dispute cycles, they may receive a refund less a $125 set-up fee, and $25 for each negative removed or corrected during the time they were enrolled in the credit restoration process.
SOUND FAIR? Let's get started! ENROLL NOW
WHY NOT YOU?
Credit Worthiness
There is considerable evidence that financial illiteracy has reached record proportions, and its impact has contributed significantly to rising levels of bankruptcy and to lowering the standard of living in general for many American families. Struggling for economic prosperity is difficult for everyone - and especially for people who’ve never learned how to plan to achieve financial security. The consequences of this gap in our country’s education is evidenced by the increasing use of high cost credit services, such as payday lenders, as well as the record-breaking number of bankruptcy filings. There is a financial education crisis in our country and a need for leadership in combating it. Vision Mastermind is up for the challenge to help others of every race and background to achieve financial independence.
The role that financial illiteracy plays in our nation’s social and economic tragedies must be clearly demonstrated to
all. Financial illiteracy results in poor spending, saving, and investment decisions. These poor decisions can
lead to consumers using excessive credit, at exorbitant rates, just to make ends meet. Contrary to popular believe, the effects of financial illiteracy reaches well beyond our low income communities. A high income does not necessarily translate into financial security without financial education. Even well-educated, high-income
consumers find themselves living paycheck to paycheck because they have not been taught how to
budget or manage their money.
Working together with our clients to eliminate financial stress in our nation’s households can benefit our communities in several ways, fewer bankruptcy filings, more parents being able to send their children to
college, less stress related health problems, and a higher standard of living. Promoting financial literacy has been a primary mission of Vision Mastermind from conception! Now we have Financial Education Services to assist our clients to get the goal achieved. Click on my Wealth Power Now badge below and join our FREE social network then give me a call 678-653-1837! Your future depends on it!
The role that financial illiteracy plays in our nation’s social and economic tragedies must be clearly demonstrated to
all. Financial illiteracy results in poor spending, saving, and investment decisions. These poor decisions can
lead to consumers using excessive credit, at exorbitant rates, just to make ends meet. Contrary to popular believe, the effects of financial illiteracy reaches well beyond our low income communities. A high income does not necessarily translate into financial security without financial education. Even well-educated, high-income
consumers find themselves living paycheck to paycheck because they have not been taught how to
budget or manage their money.
Working together with our clients to eliminate financial stress in our nation’s households can benefit our communities in several ways, fewer bankruptcy filings, more parents being able to send their children to
college, less stress related health problems, and a higher standard of living. Promoting financial literacy has been a primary mission of Vision Mastermind from conception! Now we have Financial Education Services to assist our clients to get the goal achieved. Click on my Wealth Power Now badge below and join our FREE social network then give me a call 678-653-1837! Your future depends on it!