Are You Tired of Searching for A Perfect Credit Repair Service?

By David Wada

1) According to the latest figures, the average American has a credit score of 677. If that same individual's credit score rose to just 720, that family can save, on average, $421 per month or $5,052 per year on house payments, car payments, credit cards, etc.

2) I'm often asked whether credit repair really works, and the simple answer to that is, "Yes, definitely." Based on a study released by the U.S. Public Interest Research Group in June 2004, 79% of the consumer credit reports surveyed contained some kind of error or mistake. On top of all the errors and mistakes, millions of items are known to be removed from credit reports and tens of thousands get deleted every single day (i.e. late payments, collections, bankruptcies, and foreclosures).

3) Most people have never heard of The Fair Credit Reporting Act that guarantees the credit repair process to you, the customer. To avoid being scammed demand the credit repair company to comply with The Fair Credit Reporting Act.

4) The Credit Repair Organizations Act also guarantees that credit repair organizations must give you a copy of the Consumer Credit File Rights Under State and Federal Law before you sign a contract. They also must give you a written contract that spells out your rights and obligations.

5) A credit repair company cannot do the following until you give your signature:

* Mislead you with false claims about their services

* Charge you unless their promised services is completed

* Start their services unless YOUR signature is on a written contract and they have completed a THREE-DAY waiting period

Know that you have the freedom to cancel the contract with no fuss, no hassle, and no cancellation fees during this time.

Before you sign a contract, be sure it specifies:

* The total cost and the payment terms for services

* A detailed description of the services the company will perform

* The total length of time to achieve the result (Otherwise, they can keep charging you for more than you intended)

* 100% guarantees the company offers

* Company title, phone number and business address

About the Author:

About The Author: David Wada, who has been improving credit in Northern California for thirty years, has written a very practical guide to clarify Credit Repair Companies. For a limited period, you can access a free copy by visiting his Credit Repair Companies

Switching Car Insurance Can Equate To Extra Money In Your Pocket

By Susan Tanner

Recently I had watched a one hour segment on television and was shocked to notice how many insurance commercials appeared in that short amount of time. I have to admit that it was quite annoying. With so many choices, I also worried the process might be difficult or confusing.

During those sixty minutes I heard the words "Progressive" and "Allstate" dozens of times! I had the idea that cheap auto insurance would mean lower coverage. I was suspicious of the asaving moneya claimsauntil I gave it a try myself.

First, let me explain that I reside in a small city with about 2500 people in it. There are understandably not many choices in our town available for car insurance. Actually, my spouse and I had our vehicles insured by the people that my parents and even grandparents used. But after watching these intriguing commercials, I decided I should look into changing my car insurance options.

I wrote down the phone numbers and websites. I was surprised to discover that I could get a quote online. I went through the process and was very surprised! First, it was a quick process. I believe it took less than 15 minutes to finish the application. Secondly, I was told that I would be eligible to save money!

As a matter of fact, I would be eligible to save $350 per year. That averages out to $29 per month! That may not sound like a great deal of money to some but that is $29 in savings or time out to dinner with my family!

After searching a little more, I found I would not have to give up any of my coverages a" they would be the exact same. So I realized that cheaper insurance did not mean less insurance. Needless to say, I was thrilled for a chance to save money.

My wife and I decided to change and see if we were happy with the decision! We signed up for a company that seemed right for us. The company had great customer service and I saw actual savings in my pocket! The customer service was just as high quality as the local guy. This left me completely satisfied with my decision to switch.

I am now happy that I saw the tv program that night with all the insurance advertisements. I am also glad I took it one step further and went online to research it. Most of all I am glad we are able save $350 a year! This allowed us to save more as well as enjoy a dinner or two out. It has been nothing but a positive experience in my situation!

About the Author:

To find out exactly how I got car insurance, visit my website about auto insurance rates

Avoid foreclosure with loan modifications

By J. Ochs

Foreclosure rates are at an all-time high in the US right now. Stories of houses being abandoned by their owners and turned back over to the bank are all too common. The funny thing is that the banks don't even want the houses back, as they aren't in the real estate business; they're in the business of banking. This is an important fact to keep in mind if you happen to be in a place where you can't afford to pay for your mortgage anymore. Whether you're in financial distress in general, unable to keep up with your adjustable rate mortgage or some other bind, there ARE programs out there that will help you restructure your current loan and allow you to keep your house and get your loan back in order.

Loan Modification, Loss Mitigation and Home Loan workout programs are some options to consider. If you enroll in any of the aforementioned programs, you should be cautious about the company you work with. Make sure they're reputable! A good company can make the programs incredibly successful in offering you financial relief.

Here is a practical example of this type of program in action: Borrower owes $400,000 at 8% and the home is worth $340,000. After foreclosing, bank must re-list the property or sell at auction. Either method can end up costing an additional $60,000 or more in losses.

In this example, bank will lose at least $120,000 if a client decides to "walk away". Through modification and lowering interest rate to 5.25% on a 30yr fixed term, bank will make close to $400,000 in future interest payments. The result is a win-win for all parties involved.

It's best to work with an attorney to structure a loan modification, as their default rate is under 5%. Homeowners that go it on their own often default at least 50% of the time. Another perk is that banks prefer to work with attorneys.

More often than not, if an attorney structures a loan modification for you and it doesn't work out, their fee is refundable. You're likely to see incredible results from restructured loans! Loan principal reductions, interest rate reductions, extended payment terms and lower monthly payments are all feasible when you modify you loan.

We can give you a free consultation to see what can be done to best fix the financial fiasco you're dealing with. If you're having problems making your current mortgage payment or you're dealing with an adjustable rate mortgage that doesn't work for you anymore, give us a call at 1-888-282-1011 and get some more information about our loan modification program!

About the Author:

Jon Ochs has over 12 years experience in the credit and debt industry and is the founder/CEO of NCA Credit Repair, the Best Loan Workout Program in the nation.

Don't Be Too Sure of Power of Attorney in Texas

By Krevi Vanrock

Just because something is crystal-clear to one individual, doesnt necessarily mean it will make any kind of sense to another.

This is obvious, right? I hear you saying, Tell me something I dont know. Well hang in there partner.

A Power of Attorney (in real estate) is not an easy thing. The typical power of attorney is a general power of attorney. What happens in regards to real estate is the escrow company alters the POA to be specific to the real estate in the transaction.

Its a little bit of work, but it all works out in the end.

A new customer of mine, actually a married couple and mother, needed a reverse mortgage recently. It was the brother of the wife who had power of attorney for mother. Mom is mentally incapacitated and cannot sign legally.

The purpose of the reverse was to build a room addition on the home for a live-in nurse for mom. All three people are on title to the home.

From the outside looking in it seemed like a done deal. Not so. The Texas Department of Insurance does not recognize a power of attorney for the purpose of a mortgage.

It almost begs the question, what is the heck is the purpose does a power of attorney? Afterall, without it, what is the choice for someone like my borrower above? They cant sign legally, so what do they do?

To the insurance big-wigs in Texas, issuing title insurance as in the example above wont wash. It doesnt seem fair, but there it is.

Texas Department of Insurance hasnt given me any explanation, but Im smarter than the average bear. The problem is legal action amid families and the insurance companies; the guys with money are tired of it.

A power of attorney with a legal guardianship wont even make them happy.

Currently there does not appear to be a practical way out of this pickle, and that means serious trouble for my borrowers-to-be. I hope it works out, but for now the conclusion is a mystery.

About the Author:

View mountains of information pertaining to the Texas reverse mortage by clicking here. Also, you can have your answers about the Texas reverse mortgage here.

Remove Late Payments from Your Credit Report

By Matt Douglas

Late payments are not equal; a 90 day or 120 day late pay will cause a large amount of damage and is seen as a very negative mark by lenders. However a 30 day or 60 day late payment will not do much damage.

This mark can be deleted by the lender as a way to keep your business and keep you happy. We suggest you contact the lender and ask them to delete the mark.

We suggest a phone call and sending them a written letter with a brief explanation as to what happened. Additionally it will go a long way if you are polite and respectful during your communications.

A 90 or 120 day late pay will be more difficult to remove. We still suggest contacting the lender, if your account is still open, and ask them to remove the mark.

Make sure your account is up to date before you ask them to remove the mark. Lenders will often make this decision based upon your payment history.

If the lender is not willing to remove the mark we suggest that you dispute it with the bureaus. You can do this be writing a dispute letter and sending it to each bureau or you can hire a service to do this for you.

This mark will stay on your report for a maximum of seven years. Additionally your account will go to collections after 180 days or six months of delinquency.

A lender can remove this mark because they report monthly to the bureaus and can choose what to report to them. Thus if they do not report your late payment the next month then it will not be on your credit history.

Your only way of getting help from the creditor is if you account is currently in good standing. Additionally there is information about negative marks and that they will stay on your report for 7 years.

This is not true; a negative item can be removed at any time. Seven years is the maximum amount of time it can stay on your report. The Fair Credit Reporting Act says this and many collection agencies have lost law suits because they did not abide to the seven year maximum.

In sum we suggest contacting the lender to remove this item. If that can not be done then you should dispute it directly with the bureaus, through a dispute letter.

About the Author:

For a free credit repair letter used to dispute the bureaus visit us or you can get a free online credit repair consultation by calling 1-866-246-7311.

Credit After Bankruptcy

By Matt Douglas

If you have filed bankruptcy you should expect your credit will be severely damaged. However there is hope, you can take action to remove your bad credit and by building some positive credit you can have a high score.

The truth is that this mark does not have to remain on your credit for 10 years. To remove it we suggest:

1. Dispute the mark with the bureaus.

This is done by sending a dispute letter to the bureau; you can do this yourself or hire a service to do it on your behalf. The bureau will then conduct an investigation into the listing. However bureaus do not check public records when they investigate a dispute, thus the listing will not be verified.

Congress passed the Fair Credit Reporting Act and this says that the bureaus must remove any item on your report that can not be verified. People frequently ask if credit repair is legal. It is not only legal but this act explicitly says any mark you do not feel is accurate can be disputed. There will never be any legal ramifications for filing a dispute with the bureaus.

Before you dispute the bankruptcy it is a good idea to make sure that all other negative marks read "included in bankruptcy." The reason is once the initial bankruptcy mark is removed you will dispute all the other negative items because you do not have a bankruptcy mark on your report. There are rumors that it is much easier to remove this mark after two years.

2. Once you have removed the initial mark, you can start disputing each negative item.

You can dispute it on the basis that it says "included in bankruptcy", but you do not have a bankruptcy on your report. Thus each negative mark should be erased once investigated. Doing this will give you a clean slate on your report.

3. Open a new revolving line of credit such as a credit card. This will help you build some positive credit on your report.

When you make your on time monthly payments you will create a positive payment history on your report. Additionally this will help your utilization ratio, this is how the bureaus decide if you are in over you head financially. It is measured by the amount of available credit you have versus how much debt you have. These are the two biggest factors when your score is calculated.

While it is not illegal to dispute an accurate mark on your report it may not be the most ethical thing to do. However in my opinion charging people outrageous interest rates upwards of 30% and charging late fees is not ethical either.

In sum a positive payment history, report clear of derogatory items, and a good ratio of available credit to debt is the recipe for a 700 plus score. This will improve your quality of life by; saving you money on large deposits, high interest rates, and the embarrassment of a denial.

About the Author:

For a review of Lexington Law a suggested credit repair service visit us or for an article about credit repair services and what they really can do for you.

A Guide to Prosperous Retirement Planning

By Michael Geoffrey

Everyone has questions when it comes to retirement, and it is really no wonder, considering that retirement is one of the most important parts of everyone's life. It is important to be financially and mentally prepared, even emotionally prepared, because retirement can be a difficult phase in some people's lives.

It is never too early to start planning for your retirement. Even if you are just finishing your education and beginning your career this the perfect time to begin preparing for your retirement. The earlier you are able to start the more secure your retirement will be. You will have pleasurable and relaxed retirement years if you start planning right now.

Plan your retirement with breathing room. Don't lock yourself into a fixed budget that will only sustain you for 15 or 20 years. Some people enjoy 25 or 30 years of retirement - some even more. It is best to be prepared and plan for a long life of retirement.

The Best Idea

The best idea is to create a financial plan for yourself, one that is created with a certified financial planner who will be able to ensure that you take all necessary factors and issues into consideration and that the results you are coming up with are accurate.

These projections will give you a clear picture of where you will be financially when you are ready to retire. That will be a good guide for you in deciding how much you want to save each month and year towards your retirement.

By contributing funds as often as you can, even if it is only a few dollars here and there, you will really be surprised at how incredibly quickly it can add up. Remember that even if you already have accounts set up specifically for retirement, you can also put away a bit of your own money on the side every now and again.

There is no way you can go wrong saving for you future. The more money you save the more comfortable your retirement years will be. You will not have to sacrifice your lifestyle in the least when you make the transition from worker to retiree.

About the Author:

Is secured debt consolidation a good choice for getting your debt paid off? Learn more about what it is and whether or not it's a good choice at the Debt Smackdown website. Visit http://www.debtsmackdown.com for more helpful information.

Need to Know the Tax Deduction Limits When Claiming Deductions?

By John Tarrold

It is not only good to know the tax deduction limits when you file your tax return, but it's also necessary to know if you want to lower your tax bill. Most people are always looking for ways to lower their income taxes owed to the IRS. They know that the more tax deductions they are able to take, the more tax savings they will have.

Some people who are new to tax filing and tax planning may not even know what IRS deductions are, let alone what the tax deduction limits are. IRS deductions are tax deductions that the IRS allows taxpayers to take for qualified expenses. These expenses are called tax deductible expenses and they are subtracted from the gross income that the IRS uses to calculate taxes that a taxpayer owe them.

If a taxpayer wants to pay as little taxes as possible, it is important to know all about tax deductions and that includes tax deduction limits. Some people are eligible to claim more tax deductions than others so it is important to know what you can claim legally to avoid any problems that might occur in the future. One way to learn about tax deductions is to read IRS publications.

The IRS deductions are not to be confused with tax credit. The same goes for tax deduction limits versus tax credit limits. They are different. Most people prefer tax credits because tax credits give taxpayers dollars into their pockets whereas tax deductions just lower taxable income. If there is no income, then there is not use lowering it but tax credits may work even if there is no income to report.

Different IRS deductions have their own tax deduction limits. The standard deduction has the easiest limit because it is set by the IRS for anyone claiming the standard deduction. Most people who do not have outrageous expenses during the year will find it best to just claim the standard deduction which is usually more than their itemized deductions anyway. To claim the standard deduction, just tick the box that says standard deduction on your tax form.

When a taxpayer is not eligible to claim the standard deduction, he or she will have to claim the itemized deductions and pay particular attention to relevant tax deduction limits. The taxpayer, of course, has the option of not claiming anything at all but most of them do to lower their tax bills. Each tax deductible expense will have a limit of how much a taxpayer can claim in tax deduction.

If you do not know your tax deduction limits, you will not know if it is best for you to take the standard deduction or itemized deductions when you qualify for both. Most taxpayers figure out what they would owe the IRS both ways and then take the tax deduction route that gives them the lowest taxable income.

About the Author:

Looking for additional facts on your tax deduction limits? Swing by the IRS deductions Organization for answers to all of your various tax questions along with free resources and tools that you can use at tax time.

Home Equity and the Reverse Mortgage

By Mortrev Vanrock

Reverse mortgages are negative equity loans, in their purest form. They allow the borrower to take out a loan without the obligation of paying back the lender on a periodic basis.

At the end of the mortgage is when the lender recoups the investment and makes a profit. Interest simply compounds on to the principal loaned to the borrower.

As a potential borrower one thing to be naturally concerned about is the interest accruing to such an extent that all of the equity in the home vanishes.

What people need to remember is multiple forces are at work; ones that eat away at equity and others that add to equity. Ill cover the two main forces.

Certainly the accruing interest cuts into the borrowers equity. Conversely, real estate appreciation greatly slows this process.

In most cases normal real estate appreciation adds to the homes equity, even with the accrual of interest against the home from the reverse mortgage.

Borrowers are eligible for a specific monetary amount based on value, age and interest rates. Most dont use this entire amount. The reason is by not pulling it out of the line of credit it doesnt amass interest against the equity.

But lets assume the borrower uses all of it immediately. Lets say the house is worth $200,000 and they qualify for $130,000. And they take it all out right now.

Right away, there is interest gathering on one hundred and thirty thousand dollars. Do the numbers and you will see that amassing interest will quickly take away from any equity in the home.

With a 6.125% fixed rate (very close to the current rate) accruing interest against the home, and 4% national average house appreciation, it takes over twenty years for the loan to accrue enough interest to eat away at all of the homes equity.

Continuing the example above, lets say the borrower only used one hundred thousand dollars right away. Twenty years from now, there would still be equity of over $100,000.

In conclusion, most people dont usually take into account how useful home appreciation can be, especially when regarding the negative side of the reverse mortgage.

About the Author:

Thinking about a HECM or a California reverse mortgage (aka HECM)Get educated by clicking that link or this one leading to a great site in California regarding the reverse mortgage.

Want To Become Day Trader? Here's The Key To Making Money

By Sam Lockwood

Day trading can be an excellent method for making a profit, if you have the stuff to do it. However, no matter how others may pitch it, it's not a smooth ride. You have to put a lot of work into it to succeed.

Day trading in commodities or stocks is, at base, a job. While it can be a highly lucrative job, it's also one that means you need some basic traits to succeed. You also need some specific habits, and they have to be so ingrained they're automatic.

The first thing you need is a great sense of time. Anyone who has trouble getting up first thing in the morning or needs to jumpstart with that first cup of coffee will only be miserable day trading. That's because the best time to figure out what you'll be doing on the market on a particular day is right before the opening bell. That happens at nine am in New York City - six am in California and five am in Hawaii and Alaska. You can't just be an early riser, though. You also have to have an excellent internal scheduling system and clock.

The second necessary habit is having good quantitative thinking skills. Working on hunches will allow you to make or lose money in day trading. You need to be able to read and understand the numbers without thinking about them if you want to make good decisions. You have to be able to convert and analyze the numbers in your head carefully, so you'll be able to tell if something is a blip or a lasting trend, and you have to be able to act accordingly.

I should point out that you don't have to be a mathematician to do this. You can learn how to analyze the numbers correctly, even if you're not fond of math. There are quite a few numerical skills that can turn into second nature, as long as you get well into the game.

Successful day traders also have to have patience and skills of observation, and combine them with a short memory. This can be pretty hard to learn, since you have to avoid feeling disappointment when you don't catch a stock at the top, or when you lose money because the short you're intending just never shows up. Don't get caught up in things when you lose, and don't allow winning to take over your life, either.

Dedicated research is also a must. Day trading doesn't require you to devour accounting statements like long term investing usually does, but you do need to constantly be able to deal with the flow of data and make analyses. You also have to be proactive about shares that you're buying or selling, and make snap judgments that you act on fast. The only way you'll know these judgments are the right ones are through the right research. However, don't let this desire for good research paralyze you.

You should also keep in mind the fact that much of this analysis isn't directly done by you. The best traders always keep lots of tools available, and can quickly access a number of different data and research services.

If you're interested in starting in day trading as a career, you'll have to get the right support, too. You need a good broker, and some other investors who are willing to help you use leverage on the market. Remember that what you're doing is work, and that you need to have focus and a strong will, as well as being smart, to make it work.

If you believe that you have all these skills, day trading offers an exciting and fascinating way to make a huge income. It's a job you can honestly consider fun, and if you have what it takes, it'll be pretty enriching, too.

About the Author:

We hope this day trading advice motivates you to enter into this profitable venture. Click Here to discover a proven trading strategy that is making plenty of people great money!

A Successful Credit Repair Business - How to Make it Happen

By William Blake

There are many valuable skills that will help you have a successful credit repair business. Good accounting skills and a good financial background are definitely a plus. Also it is an asset to be good with people and be able to deal with the emotional affects of their financial problems. However, being an honest and reliable person are by far the two most important qualities necessary to be successful in the credit repair business.

A Multi-Billion Dollar Industry

The Credit repair industry is booming. There is much money to be made in this field. If you have the skills and qualities listed above you are a good candidate for being a part of this great money making industry. However to get started you will need the commitment required to educate yourself on the requirements involved and the laws that govern this type of business. You need to be ready to dedicate some time and energy into increasing your knowledge about credit. It may even be helpful to take college courses to further your education.

The right equipment is also important. You will have a lot of facts and figures to compile, organize and keep track of. That will require a good computer and good software that can gather and sort information for you. You will be dealing with very important financial information for your customers so you need to have a good back up program to be sure that you never risk loosing any of the information you have gathered and are working with.

A business is only successful if people know about it. That makes your business advertising very important. You have to get your name out there in front of people who can use your services. Don't limit yourself to small ads in the local paper. Be creative and market your business in a variety of ways.

You should also be aware that there is a cut and dry method of eliminating negative as well as erroneous information from credit reports; in addition, you must be able to communicate effectively with various credit bureaus and to never make mistakes in this regard. Making a good credit repair letter is another vital part of a successful credit repair business and this you must to do with great care.

To start a credit repair business requires understanding the various procedures involved and it also means having the required skills to perform the different tasks needed to keep the business going.

The Federal Trade Commission has set forth guidelines for credit repair. Knowledge of these guidelines is imperative to running an honest business.

About the Author:

Are you thinking of trying to lower your payments or the balance owing by negotiating credit card debt? Be sure to visit the Debtopedia website to get some helpful information & advice first.

How To Get Bad Credit Student Loans

By Dave Davidson

For people that are trying to further their education by going to college, the cost of tuition can be pretty overwhelming. In order to achieve your educational goals, it may be necessary to find some assistance. What should you do if you're a person that has bad credit?

Do you have to wait to establish your credit or improve it before you can hope to qualify for a loan? No, you don't. Fortunately, there are bad credit student loans available for people with bad credit or no credit who are interested in continuing their education.

Most student loan programs offered by the federal government are based on need. The government backs these loans and that makes them available for people, even if their credit is poor. As long as you have financial need, you can probably qualify for Stafford loans and you credit history isn't considered when you apply for Stafford loans.

If you are a person that has a lot of need for financial assistance, you may be able to qualify for Pell grants and/or Perkins loans. These types of financial assistance are available for people that have bad credit and need to pay for education. Credit actually isn't part of the process of applying for these loans so go ahead no matter what type of credit you have.

If you're able to qualify for Pell grants, they will never have to be paid back. As long as your education is in good standing, you should be able to get a Pell grant each semester for as long as you qualify.

If you aren't able to qualify for the federal subsidized loan programs, there are still some options out there for you. Take a look at unsubsidized Stafford loans, because they are probably still available to you, even if you have bad credit.

The government doesn't assist in any way with the payment. But generally, the interest rates are much lower than other lending options. And like all of the loans and grants mentioned, your bad credit history won't disqualify you from receiving the loan. So if you want to go to college, there is always a way.

About the Author:

Dave shows student everywhere how to find student loans bad credit and other bad credit student loans.

Real estate short sale" is a popular phrase

By Rem

A surprising number of people are using the phrase "real estate short sale" currently and that has drawn a number of curious people to wonder what all the commotion is all about. Anyone who has read newspapers or watched TV has probably come across some sort of stories about the declining real estate market leading banks to consider real estate short sales as an alternative to foreclosure.

A real estate short sale is the name given to the process where banks allow properties to be sold for less than the amount owed to them. There are two conditions that must be met before a bank is likely to approve this: Firstly: Market values are such that the property's sale price cannot cover the outstanding mortgage balance(s). A further condition is that the owners of the property must not be able to continue making mortgage payments on the property.

Let's look at an example property that was bought five years ago for the rate of 217,000 dollars with an adjustable rate mortgage. Additionally, the owners took out a second mortgage of 10,000 dollars, which brought their total owed to 227,000 dollars. Remember that in five years the amount that the mortgages would have been paid off is negligible.

In avoiding time delays and expenses, the bank will probably decide to go with a short sale. This is because the banks believe it is better to accept a definite amount of money now than to wait on an unknown amount of money that may materialize in the future.

The bank may decide to save expenses and time delays that a foreclosure would cost by simply allowing a short sale. Banks do this because it allows them to accept a definite amount of money and because it allows them to get the property off their books. If the lenders and owners do not agree on the terms of the sale, complications can result, but in general, that is how the real estate short sale works.

Admittedly, many owners may find the real estate short sale a very painful experience, but things could be much worse for them. A foreclosure, for example, would be far worse to have on your credit report. On the other hand, a truly savvy investor can take advantage of these short sales for excellent buying opportunities.

About the Author:

Also have a look at Cheap Home News and Low Cost New Home