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You saw it in the paper or on TV. Maybe you heard it on the radio. That "great mortgage home loan deal." So you apply and start counting on the payment they quoted you.
But then you are told your score is too low to qualify.
You find out that loan you cosigned for was late, or there is a collection account on your report you didn't know about. It could have been from too many inquiries from those "Lenders Compete" gimmicks you see. Maybe you had some problems in the past from divorce, family matters, business matters or you were just plain having problems. Your Realtor or Lender recommends someone that can help repair your credit and raise your score, and you wonder "Is it worth it?"
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A credit score change from 590 to 650 (or 640 to 720)saves you in many ways:
- Pay less origination fees versus "sub prime" lender
- Less closing fees and lower cost of standard fees
- Not having to accept prepayment penalties (standard on subprime)
- Qualify for 0 down no PMI programs (not avail on subprime)
- Total savings between deals? Over $10,000 on average loan!
- Over the life of the loan the difference can be hundreds of thousands!
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These are just costs associated to mortgages but the costs savings get better when you look at credit card debt, auto loans, being able to get that Home Depot card; the more you look at it the more the math supports doing something about it.
How do I get Credit Score Help?
First you need to see what can be helped with in order to raise your score. The following are some of the areas you can get help to you raise your score. This system helps borrowers whom because of certain conditions have suffered credit impairment, or due to stringent guidelines imposed by the secondary market are unable to qualify for a mortgage.
Common situations:
- Credit scores low but no late or derogatory items
- Low scores due to items that are not yours that are derogatory
- Someone used your Identity and applied for credit in your name
- Having some legitimate derogatory items with balances
- IRS issues past present or expected
- Divorce, Medical, extended family issues or loss of job
- Late on an account but not on the month they stated
- Bad account on your report is not completely or accurately reported
How does it work?
No one "maintains" the accuracy of your reports. Credit bureaus "store" information. Creditors add to your report using a blind system, they don't see what your report looks like when they put something on it so if they hit the wrong key then there is a mistake no one knows about till you have your credit run (how many typos do you think the average operator has?). Also, items are added to your report without having your full information. Just a variation of your name and address is enough for Mike Smith to be added to Mikal Smythe's report if they live in the same area. Reports are laced with small to large inaccuracies that when they appear on your reports they become your technicalities to getting them deleted and that's IF you know
how to apply the laws that protect you
.
Can I do this myself?
You have the right to do it yourself but t
o know the "ins and outs" of a complex system they purposely created to make it difficult to do (if they were known to make mistakes then subscribers wouldn't use them and that is how they make billions of dollars a year) and how to apply the laws appropriately would take years of experience. It is your right to do it yourself just like its your right to represent yourself in court and to buy and sell your home. However, we have 15 years experience in how to work with creditors and can get results in days when it comes to raising scores for a mortgage because we know the channels that you would not know to get access to. What do you to when they say they verified it? Do you know where to look on the report to make sure? The collector does a host of things, do you know what is illegal and what isn't and how to write a convincing letter to them to show them its in their best interest to delete rather than face you in court for $2000?
Your initial response is "But I was late" or "I did see the doctor where the other company billed for work done."
Well you speed on the freeway almost everyday but if on the day you get a ticket and you weren't speeding but got the ticket because the officer made a mistake do you tell yourself, "well I've been speeding so many other times that even though the officer didn't use proper procedure I'm not going to fight it and I'll let it go against my record."
The law allows you to dispute and have dismissed items that are not processed correctly
. The answers to the above examples?
would be to dispute the late account because it is not correct and up to them to report correctly. The medical bill?
the doctor, affiliate companies they use for outside work, the collection company they assign it to are bound by laws and if they do not process the collection and credit reporting process correctly they can be sued for $1000 and more. By knowing your rights and knowing how to apply them you can sue them for thousands of dollars over a $100 account.
The laws protect you just like in court and similar to the "O.J." trial, if they don't follow procedure your items are thrown out, THAT'S THE LAW!
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How does
HelpMyCreditScore.com
work?
With them you get a team of experienced professionals that are "Hands On" and only take on so many clients
in order to get you through the process quicker. In order to raise your score in half the time most other companies do they have to be more involved. They contact the parties involved not just send out letters that take 30 days for everyone to respond to.
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Most companies takes tens of thousands of clients , put you on a monthly program and just "process" your file with the lowest level of results and taking 12 months. Using HelpMyCreditScore.com
you will get results quicker so you can take advantage of current mortgage programs and real estate deals.
HelpMyCreditScore.com
utilizes the Fair Credit Reporting Act,
Fair Debt Collection Practices Act,
public law 91-508 and civil code 601-625, but mainly negotiation expertise with all parties to help eliminate some of the negative entries contained in your current credit profiles that keep your score down..
If you are having problems dealing with creditors or collectors directly or just don't want to we negotiate and get things done in ways that are above the current industry standards and have seen remarkable results in just a short period of time of taking your case .
Here are just some of the points covered :
- Derogatory items that are in error that you have proof of
, a letter that says explicitly "this item will be deleted" on the creditors letterhead and HAS to be signed (if they say they cant, its against the law
and they HAVE to sign it).
- Items that are reporting derogatory but are duplicated on your reports
. Also, it may report the same account with two different results say a late payment on one account and then another reporting of the same account with a charge off status. Only one is legally allowed to be reported but unless someone doesn't point it out to them they let it slide. If the item is totally false then both have to be deleted immediately.
- Balances not reported correctly
. If your report shows you were recently over your limit your score drops incredibly. checking to make sure your balances show as low as possible helps get your scores up If you are over your limits or close and have extra cash, pay down your debt and immediately dispute the accounts.
- DON'T close unused accounts, even if a typical loan person tells you to.
Why? they are guessing and unless they have had a career in analyzing the credit score matrix they are hurting you. You need to keep a certain amount of accounts open and you never close your oldest account because it affects your "depth" part of their equation.
- Make sure accounts that were recently paid off are showing paid off
. Sometimes it takes months till a loan shows on all 3 reports its paid off so don't assume its paid till you see its showing paid.
- Pay accounts that aren't yours if they show negative on your report
.
This last one I know you are going "WHAT?" Well by negotiating with the creditor that owns it and having it deleted under a "no conteste" rule you get it off your report and save yourself having to pay higher rates and fees on your mortgage because of sticking with the lower score. Otherwise it would take too long to dispute using regular channels because you need your loan to close in the next few weeks. The rule? if it is less to pay it than pay the price in higher interest and fees the bad item on your credit report is causing then pay it and fight it later(in some cases you can sue the creditor in small claims court to get your money back AND collect over $1000 in damages for errors they made on your reports).
So whatever the cost of the item or even more depending on how bad its affecting your approval..........then pay it IF you get a deletion letter and put your ego aside to make money.
Help My Credit Score
®
will take where you are now and work with you to get the "catch-22's" and the "we can't do anything call the other guy" routines that normally happen right when you need to focus on the million of other things that come at you when finding and buying your next home.
Do you really want to learn how to do this by "trial and error" right when you have to watch so many other things during the buying/selling process?
What can I expect?
For Poor Credit clients we make home buying possible and affordable. We raise your scores so you can put less down, consolidate your bills BEFORE you buy so you can qualify for more house.
For Average to Great Credit
FindMyMortgage
®
, a Help My Credit Score
affiliate,
provides
them with the best financing alternatives. 0 down, 110% loans, interest only payments(reduce your payment significantly), "no down no costs", rate exceptions, higher debt ratio allowances and more.
Is Credit Restoration available for refinancing? For cash out?
Yes!!! Using Help My Credit Score
can allow you to refinance up in less time than doing it yourself and hiring other companies so you can refinance up to 110% of the value of your home. We understand that there are times you need to borrow for important purposes such as household repairs, debt consolidation, medical emergency, etc...
I've missed some mortgage payments in the past, and I have been late on other bills
.
It's okay. In most cases FindMyMortgage
can issue an approval, even if you have been up to 90 days late on your mortgage or if you have had a judgment against you in the past. Help My Credit Score
can work with you to resolve these problems while working on other areas that are affecting your score while FindMyMortgage
, or your lender continues to process your application without interruption
.
By the time your loan is ready to close your score may have raised enough to get you the better financing terms you hoped for
.
Then in six months your score will be even better and you can qualify for FindMyMortgage
's
no cost loans with even lower interest rate, saving you $50,000 or more over the life of your loan. Two loans for the cost of one!
How do I get started?
Click to the ORDER SECTION
or email us
and talk to one of their specialists about Credit Restoration and a mortgage credit analysis, or Click Here
to E-mail your request.
Nail Soup Media Inc.
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