- DOES THE CLASS FULFILL THE EDUCATION THE BANKRUPTCY LAW REQUIRES?
- WHY SHOULD I CARE ABOUT MY CREDIT?
- WHAT IS THE COST OF BAD CREDIT?
- WHERE DO I START?
- WHAT IS A CREDIT BUREAU?
- WHAT IS A CREDIT REPORT?
- WHAT IS ON MY CREDIT REPORT?
- WHAT IS A CREDIT SCORE?
- WHAT CAN HURT MY SCORE?
- WHAT CAN I DO TO IF MY CREDIT IS DAMAGED?
- WHAT IS CREDIT REPAIR?
- WHAT CAN I LEARN FROM THE DEBTOR EDUCATION COURSE?
- WHAT IS INCLUDED IN THE DEBTOR EDUCATION COURSE?
- WILL I BE ABLE TO REPAIR MY CREDIT ON MY OWN?
- HOW DO I SET UP AN APPOINTMENT FOR THE DEBTOR EDUCATION COURSE?
Yes. The consultation fulfills the requirement of the debtor education course as required by the bankruptcy code. Upon completion of the course, you will be issued a certificate of completion that can be filed with the bankruptcy court.
The simple answer is that better credit will save you money, if not headaches. Moreover, the better your credit history and credit score, the better your chances of obtaining a low-cost loan or insurance policy, renting an apartment or qualifying for a job.
The cost of bad credit is that of higher interest and embarrassment. In fact, for a 30-year mortgage, a 9% interest rate will cost you $50,155.00 more than a mortgage with a 7% interest rate.
You must start at the beginning and that includes a full understanding of your credit and the many things that can affect your credit, both positively and negatively.
Credit bureaus collect information about your financial affairs and sell that information to their business members, such as credit grantors, employers and insurance companies. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus: Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.
A credit report is a summary of your financial reliability: Your history of paying debts and other bills.
A typical credit report will have four categories of information: 1) identifying information, 2) public records, 3) credit history and 4) inquiries. The credit bureau will use those four pieces to compute your credit score.
A credit score is a number calculated by a credit bureau intended for use in making a decision on a loan application or other product or service. Credit scoring is a point system based on your credit history that is designed to help predict how likely you are to repay a loan or make payments on time.
A credit report with late payments (or no payments) will cause your credit score to nose-dive. Items such as judgments, liens or bankruptcy will hurt your score.
Your first lesson on credit should be how to protect it. Our firm offers credit repair consultations and credit repair services.
Credit repair is the process by which you clean up inaccuracies on your credit report, delete wrong or inaccurate information, protect your credit identity and become more informed on credit matters. If you repair your credit, your credit score will improve and you will obtain better interest rates and save money.
Our firm can help you understand the world of credit reports, credit scores, credit bureaus, credit repair, budgeting and identity protection. Our consultation will help you with the following:
- Correcting your credit report if you find wrong or missing information that can lower your credit score and cost you money
- Avoiding common consumer mistakes that can tarnish your credit record and cost you money
- Avoiding credit-related scams, including identity theft
- How to take advantage of federal laws that protect you and your credit record
- Budgeting basics and
- Where to turn for more help or information
You will receive a workbook with valuable credit repair information, including sample letters, reporting information, sample budgets and credit information. You will receive a copy of your credit report and learn how to read the report. Most importantly, you will be given the tools to repair your credit.
Yes. In fact, we recommend you work on the actual credit repair on your own. However, you still need the right tools to repair your credit. Our firm can give you those tools so you are able to repair your credit.
If you need help with repairing your credit, please call Phil at 612-791-1766 to set up a credit repair consultation. We will send you a contract that needs to be signed three days prior to the consultation.