Personal. Give Yourself Some Credit

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Personal. Give Yourself Some Credit"

Transcription

1 Personal Give Yourself Some Credit MyGenFCU.org 1

2 It s Never Too Late The bills are piling up and you don t know what to do. Maybe an unexpected medical expense put you behind, or maybe your hours at work were reduced. Whatever the reason, you re behind on your payments and your credit score is taking a beating. It s not too late to turn it all around. There are things you can do to reverse course and begin to rebuild your credit: 1. Contact your creditors to discuss options for repaying loans. If you are having trouble making payments, it s better to establish a payment arrangement than to avoid payments altogether. Once an account has gone to a collection service, a creditor may no longer be able to work with you. Your credit card debt shouldn t be more than 30% of your credit limit. 2. Get it in writing. When arranging a repayment schedule, before any payment is made, request a written agreement that your account will be reported as current or paid off, not late. 3. Know how much you owe on your credit cards. If you have multiple cards close to their balance limit, pay them down before charging more. Your outstanding balance shouldn t be more than 30 percent of your credit limit. 4. Consider a debt consolidation loan. If you are paying high interest rates on your current credit cards, you can save money by consolidating that debt into regular, easy-to-manage payments. Credit Counseling There is no shame in admitting you can t do it all by yourself. For assistance, consider contacting a credit counseling service. These non-profit agencies will set up a realistic budget and repayment plan. Offered at little or no cost to consumers, these programs are typically operated by universities, military bases, credit unions and housing authorities. 2

3 Look up your local consumer protection office online to request a list of reputable, low-cost financial counseling services. Here are some important questions to ask when selecting a credit counseling agency: Services and Fees 1. What services do you offer? Beyond solving my immediate problem, will you help me develop a plan for avoiding problems in the future? 2. Do you have free educational materials you can send me or can they be accessed on the Internet? 3. Do I have to pay any fees before you can help me? Are these fees monthly? What s the basis for the fees? Are any fees voluntary or can they be lowered for consumers Some agencies claim their fees are voluntary, but will put a lot of pressure you to pay the full fee. work with several people? in serious financial hardship? Will I receive a detailed quote of fees in writing? 4. How is your agency funded? 5. Will I have a formal written agreement or contract with you? 6. How soon can you take my case? 7. Is your agency audited? Who regulates, oversees and/or licenses your agency? 8. Will I have a dedicated counselor or will I 9. What are your counselors qualifications? Are they accredited or certified? If not, how are they trained? Are employees paid more if they sign me up for a debt management plan? (Consider going elsewhere if they say yes.) 10. Will you deal with all of my unsecured creditors and not just those that pay the agency a fee? 11. What assurance do I have that my personal information (including my address and phone number) will be kept confidential? Repayment Plan 1. Is a debt repayment plan my only option? 2. How much do I have to owe to use your services? 3. How do you determine the amount of my payment? What happens if this is more than I can afford, or I can t maintain the agreed-upon plan? 4. How will I know my creditors have received payments? Is my money put into an account separate from your operating funds? 5. How often can I get status reports on my accounts? Can I access them online or by phone? 6. How long will it take to pay off my bills? Can you get my creditors to lower or eliminate interest and finance charges or late fees? 3

4 Did You Know? According to the Fair Credit Reporting Act: You are entitled to a free copy of your credit report if you ve been denied credit within the last 30 days. If your application for credit, insurance or employment is denied because of information supplied by a credit bureau, the company you applied to must provide you with that credit bureau s name and address. You can request a free copy from AnnualCreditReport.com, which is the only website officially sponsored by the three nationwide consumer credit reporting companies. You can dispute mistakes or outdated items for free. Ask the credit reporting company for a dispute form or submit your dispute in writing, along with any supporting documentation. When requesting a reinvestigation, identify each item that you dispute with an explanation. If the new investigation reveals an error, request a corrected version of the report be sent to anyone who received the report within the past six months. Job applicants can send corrected reports to anyone who received a report for employment purposes for the past two years. If the reinvestigation finds no error, have the credit bureau include your version of the dispute in your file and in future reports. 7. Are any debts excluded from the debt repayment plan? If so, how will you help me plan for their payment? Will I receive the plan in writing? Don t agree to a debt management plan until the agency has contacted each of your creditors and they have agreed to the plan you were offered. These red flags should alert you to reject their services: High Fees: If the set-up fee for a debt management plan is more than $50 and monthly fees are more than $25, or if the agency is vague or reluctant to talk about specific fees. Voluntary fees that aren t voluntary: Some agencies claim their fees are voluntary, but will put a lot of pressure on you to pay the full fee. Credit Repair Scams You see the advertisements for them everywhere: on a roadside sign, in the newspapers, on the TV and the Internet. No matter the place, a credit repair scam message follows a common pattern of grandiose promises, such as: Your Credit Restored Legally! Improve Your Credit Score Points! Bad Credit? Erase Loans in Two Days, Guaranteed! Many people with poor credit histories often fall victim to these claims, paying thousands of dollars in upfront fees, only to find out the credit repair company has done nothing but vanish with their money. 4

5 If you decide to respond to a credit repair offer, beware of companies that: Want payment upfront before any services are provided Do not inform you of your legal rights and what you can do for free Recommend that you not contact a credit bureau directly Advise you to dispute all information in your credit report, even if it is accurate, or take any actions that seem illegal, such as creating a new credit identity Remember, everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost. No one can legally remove accurate and timely negative information from a credit report, but the law does allow you to request a reinvestigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this. File Segregation If you ve filed for bankruptcy, you may be at an increased risk of being exposed to a credit repair scam called file segregation, that promises to hide your bankruptcy and establish a new credit identity. Here s how the file segregation scam works: After filing for bankruptcy, you receive a letter from a credit repair company that warns you about your inability to get credit cards, personal loans or any other types of credit for ten years. The truth is each creditor has its own criteria for granting credit. One may reject your credit application because of a bankruptcy, while another may approve you. Also, financial institutions such as credit unions or banks, often offer secured lines of credit (such as a secured credit card) as a way to begin rebuilding your credit. As you establish a reliable payment record, your chances of obtaining more credit increase. For a fee, the credit repair company promises to hide your bankruptcy and establish a new credit identity you can use when applying for credit. If you sign up for the service, you may be directed to apply for an Employer Identification Number (EIN). Typically, EINs which resemble social security numbers are used by businesses to report financial information to the Internal Revenue Service and the Social Security Administration. When applying for credit, you will be instructed to use your EIN in place of your social security number. You will also be advised to use a new mailing address and to include some credit references. The credit repair company may even claim their file segregation program is affiliated with the federal government. 5

6 The federal government does not support or work with companies offering file segregation programs. It is a federal crime to make any false statements on a loan or credit application, misrepresent your social security number or obtain an EIN under false pretenses. In addition, you could be charged with mail or wire fraud if you use the mail or the telephone to apply for credit and provide false information. Also, file segregation constitutes civil fraud under many state laws. Restitution Remember, be proactive and ask the right questions to ensure your credit score gets back on track and protect yourself from the dangers of credit repair scams. If you ve already fallen prey to a scam, don t stay a victim. Contact the correct authorities to seek restitution. Contact your state attorney general or consumer protection office, which can be found at You also can file a complaint with the Federal Trade Commission. Write to: Correspondence Branch, Federal Trade Commission, Washington, D.C P.O. BOX SAN ANTONIO, TX

Credit Repair: Self-Help May Be Best

Credit Repair: Self-Help May Be Best FTC Facts For Consumers Federal Trade Commission For The Consumer December 2005 www.ftc.gov 1-877-ftc-help Credit Repair: Self-Help May Be Best You see the advertisements in newspapers, on TV, and on the

More information

For Consumers Federal Trade Commission. Credit Repair: Self-Help May Be Best. n companies that want you to pay for credit repair

For Consumers Federal Trade Commission. Credit Repair: Self-Help May Be Best. n companies that want you to pay for credit repair FTC Facts For Consumers Federal Trade Commission For The Consumer December 2005 www.ftc.gov 1-877-ftc-help Credit Repair: Self-Help May Be Best You see the advertisements in newspapers, on TV, and on the

More information

Improve Your Credit Put Bad Credit Behind You

Improve Your Credit Put Bad Credit Behind You Improve Your Credit Put Bad Credit Behind You Improve your credit While it s possible to get by without credit, access to credit is essential for buying a home, financing a car or getting a credit card.

More information

The company does not tell you your rights and what you can do for yourself for free.

The company does not tell you your rights and what you can do for yourself for free. Credit repair Save your time and money by knowing the signs of a scam You see credit repair service offerings in newspapers, mail flyers, on TV or the Internet, and hear them on the radio or phone calls.

More information

You see the ads in newspapers, on TV, and online. You

You see the ads in newspapers, on TV, and online. You You see the ads in newspapers, on TV, and online. You hear them on the radio. You get fliers in the mail, email messages, and maybe even calls offering credit repair services. They all make the same claims:

More information

You see the advertisements in newspapers, on

You see the advertisements in newspapers, on October 2008 Credit Repair: How To Help Yourself You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail, and maybe even calls offering

More information

FTC Facts. For Consumers Federal Trade Commission. Living paycheck to paycheck? Worried about debt. Fiscal Fitness: Choosing a Credit Counselor

FTC Facts. For Consumers Federal Trade Commission. Living paycheck to paycheck? Worried about debt. Fiscal Fitness: Choosing a Credit Counselor FTC Facts For Consumers Federal Trade Commission For The Consumer December 2005 Fiscal Fitness: Choosing a Credit Counselor Living paycheck to paycheck? Worried about debt collectors? Can t seem to develop

More information

Student Take Home Guide. Money Smart. To Your Credit

Student Take Home Guide. Money Smart. To Your Credit Student Take Home Guide Money Smart To Your Credit Table of Contents Table of Contents...1 Money Smart...2 To Your Credit...3 Requesting A Copy of Your Credit Report...4 Sample Dispute Letter from The

More information

MANAGING CREDIT101 TM %*'9 [[[ EPXEREJGY SVK i

MANAGING CREDIT101 TM %*'9 [[[ EPXEREJGY SVK i MANAGING CREDIT101 TM i This book is intended as a general guide to the topics discussed, and it does not deliver accounting, personal finance, or legal advice. It is not intended, and should not be used,

More information

Credit Repair How to Help Yourself

Credit Repair How to Help Yourself Credit Repair How to Help Yourself Federal Trade Commission consumer.ftc.gov You see the ads in newspapers, on TV, and online. You hear them on the radio. You get fliers in the mail, email messages, and

More information

FDIC Money Smart Financial Education Program

FDIC Money Smart Financial Education Program Use this tip sheet to identify and address issues surrounding your credit and its history. This tip sheet covers the following topics: Ordering your credit report Reading a credit report Disputing information

More information

LEGAL BRIEF RESOLVING CREDIT PROBLEMS March 2014

LEGAL BRIEF RESOLVING CREDIT PROBLEMS March 2014 LEGAL BRIEF RESOLVING CREDIT PROBLEMS March 2014 PREPARED BY NELLIS LAW CENTER, 4428 England Ave (Bldg 18), Nellis AFB, Nevada 89191-6505 702-652-5407, Appt. Line 702-652-7531 If the problems you are experiencing

More information

Building a CREDIT REPORT. Federal Trade Commission consumer.ftc.gov

Building a CREDIT REPORT. Federal Trade Commission consumer.ftc.gov Building a CREDIT REPORT Federal Trade Commission consumer.ftc.gov Shopping for a car? Applying for a job? Looking for a home? Getting your financial house in order? It s time to check your credit report.

More information

Advance-Fee Loans. Federal Trade Commission consumer.ftc.gov

Advance-Fee Loans. Federal Trade Commission consumer.ftc.gov Advance-Fee Loans Federal Trade Commission consumer.ftc.gov Looking for a loan or credit card but don t think you ll qualify? Have you been turned down by a bank because of your poor credit history? You

More information

IMPORTANCE OF CREDIT HISTORY AND SUCCESSFUL SAVING

IMPORTANCE OF CREDIT HISTORY AND SUCCESSFUL SAVING IMPORTANCE OF CREDIT HISTORY AND SUCCESSFUL SAVING From America Saves and Experian WHAT IS A CREDIT REPORT AND SCORE? A credit score is a three digit number that measures how likely you are to repay a

More information

Repair Your Credit. Step1: Start where you are. Rebuilding Good Credit

Repair Your Credit. Step1: Start where you are. Rebuilding Good Credit REPAIR YOUR CREDIT A free publication provided by Consolidated Credit Counseling Services of Canada, Inc., a registered charitable credit counselling and debt management organization. Consolidated Credit

More information

MANAGING CREDIT101 i

MANAGING CREDIT101 i MANAGING CREDIT101 i This book is intended as a general guide to the topics discussed, and it does not deliver accounting, personal finance, or legal advice. It is not intended, and should not be used,

More information

R E PA I R YOUR CREDIT

R E PA I R YOUR CREDIT R E PA I R YOUR CREDIT A free publication provided by Consolidated Credit Counseling Services of Canada, Inc., a registered charitable credit counselling and debt management organization. Consolidated

More information

Countrywide Settlement FAQs

Countrywide Settlement FAQs The Tennessee Attorney General s settlement with Countrywide offers several options for borrowers. If you do not see the answer to your question here, please contact Countrywide toll free at (800) 669

More information

CREDIT REPORT: Adapted from the National Consumer Law Center Inc s. brochure entitled, The Truth About Credit Reports and Credit Repair Companies.

CREDIT REPORT: Adapted from the National Consumer Law Center Inc s. brochure entitled, The Truth About Credit Reports and Credit Repair Companies. CREDIT REPORT: HOW TO CHECK YOUR CREDIT Getting a copy of your credit report is important because: it gives you an idea of what your credit history looks like, you can make sure that the information on

More information

Understanding Your Credit Report

Understanding Your Credit Report Understanding Your Credit Report What is credit? Credit is the use of someone else s money in exchange for a promise to pay it back on a given date. There are two major types of credit: Revolving and Installment.

More information

SOME IDEAS THAT MAY HELP WITH. Credit Problems and How to Get Help

SOME IDEAS THAT MAY HELP WITH. Credit Problems and How to Get Help 66308 1083 9/9/04 3:03 PM Page Cov1 SOME IDEAS THAT MAY HELP WITH Credit Problems and How to Get Help 66308 1083 9/9/04 3:03 PM Page Cov2 Table of Contents Do you have a credit problem? 1 Minor credit

More information

Credit Report Info Packet

Credit Report Info Packet Credit Report Info Packet Information in this Packet What Is a Credit Report?.....................3 What Is a Credit Score?..................... 4 Who Can See Your Credit Report?.............. 5 Ordering

More information

K.4 Using Credit Wisely After Bankruptcy

K.4 Using Credit Wisely After Bankruptcy Appx. K.4 K.4 Using Credit Wisely After Bankruptcy Beware of Credit Offers Aimed at Recent Bankruptcy Filers Disguised Reaffirmation Agreement Carefully read any credit card or other credit offer from

More information

Coping with Debt Having trouble paying your bills? Getting notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car? You re not

More information

Knee Deep in Debt. Self-help

Knee Deep in Debt. Self-help Knee Deep in Debt Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car? You're

More information

How to Use Credit. Latino Community Credit Union & Latino Community Development Center

How to Use Credit. Latino Community Credit Union & Latino Community Development Center How to Use Credit Latino Community Credit Union & Latino Community Development Center How to Use Credit Latino Community Credit Union & the Latino Community Development Center www.latinoccu.org Copyright

More information

It lets you pay for expenses you could not afford with cash, such as a college education, a new vehicle, furniture or a home.

It lets you pay for expenses you could not afford with cash, such as a college education, a new vehicle, furniture or a home. USING CREDIT WISELY Credit Is An Important Financial Tool It lets you pay for expenses you could not afford with cash, such as a college education, a new vehicle, furniture or a home.

More information

1 of 8 opywrite CCRB all rights reserved

1 of 8 opywrite CCRB all rights reserved Signature Signature Consumer Credit File Rights Under State and Federal Law You have a right to dispute inaccurate information in your credit report by contacting the credit bureau directly. However, neither

More information

TRINITY DEBT MANAGEMENT SERVICES 12725 W. Indian School Road, Suite E-101, Avondale, AZ 85323 Phone (623) 512-4852

TRINITY DEBT MANAGEMENT SERVICES 12725 W. Indian School Road, Suite E-101, Avondale, AZ 85323 Phone (623) 512-4852 TRINITY DEBT MANAGEMENT SERVICES 12725 W. Indian School Road, Suite E-101, Avondale, AZ 85323 Phone (623) 512-4852 DEBT & CREDIT MANAGEMENT & DEBT ELIMINATION/NEGOTIATIONS FREQUENTLY ASKED QUESTIONS ***PLEASE

More information

The ABCs of Credit Credit Scores Establishing Credit Maintaining Good Credit Credit Cards Managing Credit Challenges

The ABCs of Credit Credit Scores Establishing Credit Maintaining Good Credit Credit Cards Managing Credit Challenges The ABCs of Credit Credit Scores Establishing Credit Maintaining Good Credit Credit Cards Managing Credit Challenges CREDIT DEFINITIONS Credit Trust given to another person for future payment of a loan,

More information

Coping with debt. Self-help. Dealing with debt collectors. Managing your auto and home loans. Developing a budget. Contacting your creditors

Coping with debt. Self-help. Dealing with debt collectors. Managing your auto and home loans. Developing a budget. Contacting your creditors Coping with debt Having trouble paying your bills? Getting collection notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car?

More information

2. The Four Chapters of the Bankruptcy Code Available to Individual Consumer Debtors

2. The Four Chapters of the Bankruptcy Code Available to Individual Consumer Debtors UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN NOTICE TO CONSUMER DEBTOR(S) UNDER 342(b) OF THE BANKRUPTCY CODE In accordance with 342(b) of the Bankruptcy Code, this notice to individuals

More information

USING CREDIT WISELY AFTER BANKRUPTCY

USING CREDIT WISELY AFTER BANKRUPTCY USING CREDIT WISELY AFTER BANKRUPTCY Copyright April 2011, Legal Aid Society of Hawai`i All rights reserved. These materials may be reproduced. However, under no circumstances are persons receiving these

More information

INFORMATION FOR VICTIMS OF FRAUD CRIMES SCHERTZ POLICE DEPARTMENT

INFORMATION FOR VICTIMS OF FRAUD CRIMES SCHERTZ POLICE DEPARTMENT INFORMATION FOR VICTIMS OF FRAUD CRIMES SCHERTZ POLICE DEPARTMENT The following information is being provided to you as the result of you being the victim of a fraud crime. This information will provide

More information

Free Report: How To Repair Your Credit

Free Report: How To Repair Your Credit Free Report: How To Repair Your Credit The following techniques will help correct your credit and should be done with all Credit Bureaus. In this section you will learn the ways of removing negative items

More information

PRACTICAL MONEY GUIDES CREDIT HISTORY. Your credit history and how it affects your future

PRACTICAL MONEY GUIDES CREDIT HISTORY. Your credit history and how it affects your future PRACTICAL MONEY GUIDES CREDIT HISTORY Your credit history and how it affects your future YOUR CREDIT HISTORY THE RECORD OF HOW WELL YOU HANDLE CREDIT To get a glimpse of your financial future, many businesses

More information

Managing Debt: Getting Help from a Credit Counselling Agency

Managing Debt: Getting Help from a Credit Counselling Agency Budgeting and money management Managing Debt: Getting Help from a Credit Counselling Agency What are credit counselling agencies? Credit counselling agencies provide a range of services for people in financial

More information

Webinar #3: Effective Credit and Debt Management

Webinar #3: Effective Credit and Debt Management 1 Webinar #3: Effective Credit and Debt Management Sponsored by: Massachusetts Financial Literacy Trust Fund The Office of Massachusetts State Treasurer & Receiver General Facilitator: Jacqueline Cooper

More information

What We Need to Know About. Credit Management & Credit Repair for Entrepreneurs

What We Need to Know About. Credit Management & Credit Repair for Entrepreneurs What We Need to Know About. Credit Management & Credit Repair for Entrepreneurs What is Credit? When someone lends you money, and you pay them back with interest, they have extended you credit. Credit

More information

FTC Facts. For Consumers Federal Trade Commission. Having trouble paying your bills? Getting dunning. Knee Deep in Debt. Self-Help

FTC Facts. For Consumers Federal Trade Commission. Having trouble paying your bills? Getting dunning. Knee Deep in Debt. Self-Help FTC Facts For Consumers Federal Trade Commission For The Consumer November 2003 Knee Deep in Debt www.ftc.gov 1-877-ftc-help Having trouble paying your bills? Getting dunning notices from creditors? Are

More information

YOUR GOOD CREDIT The Importance of Your Credit Report and Your Credit Score Maintain Good Credit Combat Identity Theft FACT Act Rights

YOUR GOOD CREDIT The Importance of Your Credit Report and Your Credit Score Maintain Good Credit Combat Identity Theft FACT Act Rights YOUR GOOD CREDIT The Importance of Your Credit Report and Your Credit Score Maintain Good Credit Combat Identity Theft FACT Act Rights WHY YOU NEED TO KNOW ABOUT CREDIT REPORTS & CREDIT SCORES Having good

More information

Financial Empowerment Curriculum Moving Ahead Through Financial Management. Workshop Credit Overview

Financial Empowerment Curriculum Moving Ahead Through Financial Management. Workshop Credit Overview Financial Empowerment Curriculum Moving Ahead Through Financial Management Workshop Credit Overview 1 Workshop Objectives Explain why credit is important. Access and read a copy of your credit report.

More information

Credit Counseling. Credit Repair. Debt Management Plans. Debt Settlement and Negotiation. United Way of the Coastal Bend

Credit Counseling. Credit Repair. Debt Management Plans. Debt Settlement and Negotiation. United Way of the Coastal Bend K C A B G N I Y A P Credit Counseling Credit Repair Debt Management Plans Debt Settlement and Negotiation United Way of the Coastal Bend INTRODUCTION United Way of the Coastal Bend (UWCB) is a nonprofit

More information

We will need this paperwork before any further work will transpire on your file. Included in this package, you will find the following:

We will need this paperwork before any further work will transpire on your file. Included in this package, you will find the following: Thank you for enrolling in our credit repair service. To get started, you will need to read and follow the instructions below. Please read the entire welcome packet as it contains important information

More information

Teacher's Guide. Lesson Nine. In Trouble 04/09

Teacher's Guide. Lesson Nine. In Trouble 04/09 Teacher's Guide $ Lesson Nine In Trouble 04/09 in trouble websites It's hard to admit and deal with debt or financial trouble. It can be a painful time, but students need to learn practical, beneficial

More information

Credit Repair Personal injuries can destroy credit. Learn all about your credit score & how to repair it. Ross A. Jurewitz JUREWITZ LAW GROUP

Credit Repair Personal injuries can destroy credit. Learn all about your credit score & how to repair it. Ross A. Jurewitz JUREWITZ LAW GROUP Credit Repair Personal injuries can destroy credit. Learn all about your credit score & how to repair it. Ross A. Jurewitz JUREWITZ LAW GROUP DISCLAIMER THIS IS NOT LEGAL ADVICE. This is not financial

More information

Understanding Vehicle Financing

Understanding Vehicle Financing Understanding Vehicle Financing Understanding Vehicle Financing With prices averaging more than $31,000 for a new vehicle and $17,000 for a used model from a dealership, you might consider financing or

More information

MoneyWi$e A Consumer Action-Capital One Financial Education Project

MoneyWi$e A Consumer Action-Capital One Financial Education Project MoneyWi$e A Consumer Action-Capital One Financial Education Project Seminar Lesson Plan (For use by the MoneyWi$e instructor) Course Purpose: Course Objectives: By the end of the training participants

More information

Preparing for Homeownership

Preparing for Homeownership Preparing for Homeownership Homeownership Homeownership is a dream for many people. Purchasing a home can be exciting, but it can also be an intimidating process. Educating future homebuyers will help

More information

Credit History CREDIT REPORTS CREDIT SCORES BUILDING A STRONG CREDIT REPORT

Credit History CREDIT REPORTS CREDIT SCORES BUILDING A STRONG CREDIT REPORT CREDIT What You Should Know About... Credit History CREDIT REPORTS CREDIT SCORES BUILDING A STRONG CREDIT REPORT YourMoneyCounts Understanding what your credit history is what s in it, what s not in it

More information

Credit Repair ebook. You don t have to pay money to repair your credit Our ebook will teach you: MagnifyMoney

Credit Repair ebook. You don t have to pay money to repair your credit Our ebook will teach you: MagnifyMoney MagnifyMoney Credit Repair ebook You don t have to pay money to repair your credit Our ebook will teach you: How to get your credit report, for free How to dispute incorrect information for free How to

More information

YOUR MONEY, YOUR GOALS. A financial empowerment toolkit for community volunteers

YOUR MONEY, YOUR GOALS. A financial empowerment toolkit for community volunteers YOUR MONEY, YOUR GOALS A financial empowerment toolkit for community volunteers Consumer Financial Protection Bureau April 2015 Table of contents INTRODUCTION PART 1: Volunteers and financial empowerment...

More information

THE 14 MUST-ANSWER QUESTIONS FOR ANY DEBT SETTLEMENT COMPANY

THE 14 MUST-ANSWER QUESTIONS FOR ANY DEBT SETTLEMENT COMPANY THE 14 MUST-ANSWER QUESTIONS FOR ANY DEBT SETTLEMENT COMPANY 1. Do you charge fees before settlement? No debt settlement company should charge you any fees at all unless or until your debt is settled.

More information

TERMS AND CONDITIONS

TERMS AND CONDITIONS Disclosure of Consumer Credit File Rights under State and Federal Law: You have a right to dispute inaccurate information in your credit report by contacting the credit bureau directly. However, neither

More information

PNC Financial Education FINANCIAL OPS. Banking Solutions for Military Personnel. Credit: Self study Guide

PNC Financial Education FINANCIAL OPS. Banking Solutions for Military Personnel. Credit: Self study Guide PNC Financial Education FINANCIAL OPS Banking Solutions for Military Personnel Credit: Self study Guide Revision Date: 11/2012 PNC Financial Education:FINANCIAL OPS Understanding Credit We all have financial

More information

Managing Your Credit Report and Scores. Apprisen. 800.355.2227 www.apprisen.com

Managing Your Credit Report and Scores. Apprisen. 800.355.2227 www.apprisen.com Managing Your Credit Report and Scores Apprisen 800.355.2227 www.apprisen.com Managing Your Credit Report and Scores Your credit score is one of the most important aspects of your personal finances. From

More information

Richard Nemeth, Esq. Nemeth & Associates, LLC 526 Superior Ave., East Suite 1120 Cleveland, OH 44114-1410 216/502-1300 rnemeth@ohbklaw.

Richard Nemeth, Esq. Nemeth & Associates, LLC 526 Superior Ave., East Suite 1120 Cleveland, OH 44114-1410 216/502-1300 rnemeth@ohbklaw. Richard Nemeth, Esq. Nemeth & Associates, LLC 526 Superior Ave., East Suite 1120 Cleveland, OH 44114-1410 216/502-1300 rnemeth@ohbklaw.com To: Honorable Jim Hughes, Chairman Senate Financial Institutions

More information

CREDIT HANDOUT Addresses Of Credit Reporting Agencies

CREDIT HANDOUT Addresses Of Credit Reporting Agencies CREDIT HANDOUT Addresses Of Credit Reporting Agencies Experian National Consumer Assistance Center P.O. Box 2002 Allen, TX 75013 Equifax Information Services, LLC P.O. Box 740241 Atlanta, GA 30374 TransUnion

More information

HOW TO BOOST YOUR CREDIT IN 30 DAYS OR LESS

HOW TO BOOST YOUR CREDIT IN 30 DAYS OR LESS HOW TO BOOST YOUR CREDIT IN 30 DAYS OR LESS By The Arizona Credit Law Group, PLLC A consumer rights law firm Learn how to improve your credit using 5 simple rules No tricks, no gimmicks, just facts. The

More information

Understanding How Insurers Use Credit Information

Understanding How Insurers Use Credit Information Understanding How Insurers Use Credit Information UNDERSTANDING HOW INSURERS USE CREDIT INFORMATION Many personal auto and homeowners insurance companies look at several factors, including consumer credit

More information

PROTECTING YOURSELF FROM IDENTITY THEFT. The Office of the Attorney General of Maryland Identity Theft Unit

PROTECTING YOURSELF FROM IDENTITY THEFT. The Office of the Attorney General of Maryland Identity Theft Unit PROTECTING YOURSELF FROM IDENTITY THEFT The Office of the Attorney General of Maryland Identity Theft Unit CONTENTS 1) What is Identity Theft? 2) How to Protect Yourself From ID Theft. 3) How to Tell If

More information

Student Take Home Guide. Personal Finance. Credit Reports

Student Take Home Guide. Personal Finance. Credit Reports Student Take Home Guide Personal Finance Credit Reports Credit Reports 1. Building a Better Credit Record 2. Charge-Offs: Understanding what happens when your account is "Charged - Off" 3. Disputing Information

More information

Participant Guide Building: Knowledge, Security, Confidence FDIC Financial Education Curriculum

Participant Guide Building: Knowledge, Security, Confidence FDIC Financial Education Curriculum To Your Credit Building: Knowledge, Security, Confidence FDIC Financial Education Curriculum TABLE OF CONTENTS Page Who Poses the Most Credit Risk? 1 How to Get a Free Credit Report Once a Year 2 Annual

More information

Credit arrangements can be formal or informal. The three most common types of credit used by consumers are described below.

Credit arrangements can be formal or informal. The three most common types of credit used by consumers are described below. 1-888-842-6328 For toll-free numbers when overseas, visit Collect internationally 1-703-255-8837 TDD for hearing impaired 1-888-869-5863 Credit Wise Credit: a Useful Tool Most of us use consumer credit

More information

CONSUMER CONFUSION WHO DO I WORK WITH TO PAY DOWN DEBT?

CONSUMER CONFUSION WHO DO I WORK WITH TO PAY DOWN DEBT? CONSUMER CONFUSION WHO DO I WORK WITH TO PAY DOWN DEBT? Presented by Kathy Virgallito Consumer Credit Counseling Service, now known as What We ll Cover Today Options for paying down debt Scams to watch

More information

ASK 4 Premier Credit Repair, Inc. 304 Indian Trace, #730 Weston, Florida 33326

ASK 4 Premier Credit Repair, Inc. 304 Indian Trace, #730 Weston, Florida 33326 ASK 4 Premier Credit Repair, Inc. 304 Indian Trace, #730 Weston, Florida 33326 We warmly welcome you to Ask 4 Premier Credit Repair, Inc. To get started, you will need to read and follow the instructions

More information

If you re 62 or older and looking for money

If you re 62 or older and looking for money April 2009 Reverse Mortgages: Get the Facts Before Cashing in on Your Home s Equity If you re 62 or older and looking for money to finance a home improvement, pay off your current mortgage, supplement

More information

TITLE IV - CREDIT REPAIR ORGANIZATIONS''

TITLE IV - CREDIT REPAIR ORGANIZATIONS'' The Credit Repair Organization Act The Credit Repair Organizations Act ("CROA") is not actually an Act; it is actually Title IV of The Consumer Credit Protection Act. Section 401 states, however, it can

More information

FTC Facts. For Consumers Federal Trade Commission. Having trouble paying your bills? Getting dunning. Knee Deep in Debt. Self-Help

FTC Facts. For Consumers Federal Trade Commission. Having trouble paying your bills? Getting dunning. Knee Deep in Debt. Self-Help FTC Facts For Consumers Federal Trade Commission For The Consumer December 2005 Knee Deep in Debt www.ftc.gov 1-877-ftc-help Having trouble paying your bills? Getting dunning notices from creditors? Are

More information

Why Credit is Important

Why Credit is Important Page 1 Why Credit is Important Page 6 How to Protect Yourself from Identity Theft Page 7 Cosigning and Money Lending Tips Page 8 How to Avoid Credit Card Interest Why Credit is Important Learning to build

More information

CREDIT REPAIR ORGANIZATIONS ACT 15 U.S.C. 1679 et. seq.

CREDIT REPAIR ORGANIZATIONS ACT 15 U.S.C. 1679 et. seq. CREDIT REPAIR ORGANIZATIONS ACT 15 U.S.C. 1679 et. seq. Please note that the information contained herein should not be construed as legal advice and is intended for informational purposes only. In addition,

More information

Chapter 27 Credit and the Law

Chapter 27 Credit and the Law Chapter 27 Credit and the Law Section 27.2 Solving Credit Problems Read to Learn Identify sources of credit fraud and precautions that can prevent it. Discuss ways to repair credit problems. The Main Idea

More information

Establishing and Managing Credit

Establishing and Managing Credit Establishing and Managing Credit Section Objectives Using credit wisely is an important part of the financial management process and establishing your financial security. Credit allows you to buy now and

More information

BECAUSE YOUR CREDIT IS WORTH IT!

BECAUSE YOUR CREDIT IS WORTH IT! Welcome! Thank you for enrolling in our credit repair service. To get started, you will need to read and follow the instructions below. The Instructions for the Application are as follows: 1.) Please read

More information

If you re 62 or older and looking for money

If you re 62 or older and looking for money March 2011 Reverse Mortgages: Get the Facts Before Cashing in on Your Home s Equity If you re 62 or older and looking for money to finance a home improvement, pay off your current mortgage, supplement

More information

Familiarize yourself with laws that authorize and regulate vehicle dealership financing and leasing.

Familiarize yourself with laws that authorize and regulate vehicle dealership financing and leasing. W ith prices averaging more than $28,000 for a new vehicle and $15,000 for a used vehicle, most consumers need financing or leasing to acquire a vehicle. In some cases, buyers use direct lending: they

More information

How to Out-Smart the Predators Assembled by:

How to Out-Smart the Predators Assembled by: Consumer Credit Workshop: How to Out-Smart the Predators Assembled by: Mike Deemer Attorney at Law Equal Justice Works Fellow Ohio State Legal Services Paul Wilkins Attorney at Law Equal Justice Works

More information

For more in-depth information about Chapter 7 and how it can help you, please contact our

For more in-depth information about Chapter 7 and how it can help you, please contact our Introduction This Ebook gives you an overview of Chapter 7 bankruptcy and how it can help you eliminate debt. We hope that you find this Ebook useful and informative. For more in-depth information about

More information

National Credit Organization, LLC

National Credit Organization, LLC Before Getting Started: Please be sure to make your cashier s check or money order out to National Credit Organization, LLC and mail to: 9800 Centre Pkwy, Suite 800 Houston, TX 77036 Notice of Consumer

More information

The West Virginia State Treasurer s Office. A free publication provided by

The West Virginia State Treasurer s Office. A free publication provided by YOUR CREDIT SCORE A free publication provided by The West Virginia State Treasurer s Office Visit www.wvtreasury.com or Call 1.800.422.7498 From the Office of West Virginia State Treasurer, John D. Perdue

More information

REPAIR YOUR CREDIT. Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL

REPAIR YOUR CREDIT. Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL REPAIR YOUR CREDIT Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit.org Congratulations on taking this important step to a brighter financial

More information

Credit Reports Credit Scores. Understanding reports and scores Correcting errors Obtaining a free report

Credit Reports Credit Scores. Understanding reports and scores Correcting errors Obtaining a free report Credit Reports Credit Scores Understanding reports and scores Correcting errors Obtaining a free report What goes into your credit report...and who uses it? A A credit report is a summary of your financial

More information

CreditAbility: Build a Strong Credit History. Brought to you by Duke University FCU

CreditAbility: Build a Strong Credit History. Brought to you by Duke University FCU : Build a Strong Credit History Brought to you by Duke University FCU Seminar Objectives Learn: Who needs to build good credit, and why Significance of credit report and score How to establish credit if

More information

Your Credit Report. Trade lines. The bulk of a credit report is dedicated to your history of handling credit. It includes:

Your Credit Report. Trade lines. The bulk of a credit report is dedicated to your history of handling credit. It includes: Your Credit Report The three major credit bureaus in the United States are Experian, TransUnion, and Equifax. These companies acquire data from banks, credit unions, mortgage lenders, and retail establishments.

More information

lesson thirteen in trouble overheads

lesson thirteen in trouble overheads lesson thirteen in trouble overheads why consumers don t pay loss of income (48%) Unemployment (24%) Illness (16%) Other (divorce, death) (8%) overextension (25%) Poor money management Emergencies Materialism

More information

Credit Repair Made Easy

Credit Repair Made Easy Credit Repair Made Easy A simple self help guide to credit repair By Don Troiano Introduction My name is Don Troiano and I spent over 15 years in the mortgage industry. Knowing how to guide customers in

More information

UNDERSTANDING HOW INSURERS USE CREDIT INFORMATION

UNDERSTANDING HOW INSURERS USE CREDIT INFORMATION The State of New Hampshire Insurance Department 21 South Fruit Street, Suite 14 Concord, NH 03301 (603) 271-2261 Fax (603) 271-1406 TDD Access: Relay NH 1-800-735-2964 Roger A. Sevigny Commissioner Alexander

More information

In Home Sales Training Manual. Debt Settlement Program

In Home Sales Training Manual. Debt Settlement Program In Home Sales Training Manual Debt Settlement Program Introduction to the industry The debt relief business is booming because of the rise in unemployment rates, the poor economy, and those who have found

More information

FTC FACTS for Consumers

FTC FACTS for Consumers ftc.gov FEDERAL TRADE COMMISSION FOR THE CONSUMER 1-877-FTC-HELP FTC FACTS for Consumers Mortgage Payments Sending You Reeling? Here s What to Do T he possibility of losing your home because you can t

More information

Overcoming the Credit Barrier. Poor Credit Affects Your Ability to Plan

Overcoming the Credit Barrier. Poor Credit Affects Your Ability to Plan Overcoming the Credit Barrier: Clearing the Way to Your Financial Goals was written and designed for The National Foundation for Credit Counseling (NFCC ) and the Financial Planning Association (FPA )

More information

A Summary of Your Rights Under the Fair Credit Reporting Act

A Summary of Your Rights Under the Fair Credit Reporting Act A Summary of Your Rights Under the Fair Credit Reporting Act The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting

More information

Membership Agreement CASH PAYMENTS ARE NOT ACCEPTED

Membership Agreement CASH PAYMENTS ARE NOT ACCEPTED Membership Print Membership Agreement CASH PAYMENTS ARE NOT ACCEPTED CLIENT TERM AGREEMENT This CLIENT TERM AGREEMENT ( Agreement ) is made and effective upon clicking submit by and between Cheap Delete

More information

REINVESTIGATION REQUEST

REINVESTIGATION REQUEST REINVESTIGATION REQUEST Section A: Consumer Information Please complete all fields except as noted. Full Name: First: Middle: Last: (Check one if applicable): Jr. Sr. Date of Birth: Social Security Number:

More information

MAR 15 2016 CFPB Takes Action to Shut Down Illegal Student Debt Relief Scheme

MAR 15 2016 CFPB Takes Action to Shut Down Illegal Student Debt Relief Scheme MAR 15 2016 CFPB Takes Action to Shut Down Illegal Student Debt Relief Scheme Student Loan Processing.US and Owner Charged Student Loan Borrowers Millions in Illegal Fees WASHINGTON, D.C. Today the Consumer

More information

CreditAbility: Build a Strong Credit History. Brought to you by Duke University FCU

CreditAbility: Build a Strong Credit History. Brought to you by Duke University FCU : Build a Strong Credit History Brought to you by Duke University FCU Seminar Objectives Learn: Who needs to build good credit, and why Significance of credit report and score How to establish credit if

More information

Managing High Levels of Debt

Managing High Levels of Debt STUDENT MODULE 13.1 BANKRUPTCY PAGE 1 Standard 13: The student will evaluate the consequences of bankruptcy. Managing High Levels of Debt Montana and Carolina could not wait to graduate from high school

More information

Introduction. Purpose. Student Introductions. Agenda and Ground Rules. Objectives

Introduction. Purpose. Student Introductions. Agenda and Ground Rules. Objectives Introduction Instructor and student introductions. Module overview. 1 2 Your name. Student Introductions Your expectations, questions, and concerns about credit. Purpose will: Show you how to read a credit

More information

When Finances Go Wrong - Debt

When Finances Go Wrong - Debt When Finances Go Wrong - Debt Very few people now have no debt at all after all a mobile phone contract, or your rent/mortgage are both debts. It becomes an issue for people when they cannot meet the payments

More information

Credit Repair 101. Learn how to legally repair your own credit

Credit Repair 101. Learn how to legally repair your own credit Credit Repair 101 Learn how to legally repair your own credit The myth is, that you need to spend hundreds or even thousands of dollars with a large company to have your credit repaired. This is just not

More information