How Credit Card Debt Settlement Affects Your Credit Report and What You Can Do About It

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1 How Credit Card Debt Settlement tlem emen en t Affects fect Your Credit Report and What You Can Do About It How Credit Card Debt Settlement tlem emen en t Affects fe Your Credit Report and What You Can Do About It Page 1

2 This is NOT a free e-book! You have purchased one copy of this special report to keep on your computer. You may print out one copy of this report and keep for your reading pleasure as well. Printing out more than one copy for the purposes of distributing the report or sharing it electronically - is prohibited by international and U.S.A. copyright laws and treaties, and would subject the purchaser to penalties of up to $100,000 PER COPY distributed. Copyright 2012 by JV Marketing All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic, or mechanical, including photocopying, recording, or by any information storage and retrieval system. Published by: JV Marketing Ramblewood Drive Coral Springs FL How Credit Card Debt Settlement Affects Your Credit Report and What You Can Do About It Page 2

3 Table of Contents 1. Introduction 2. If You Don t Ask, You Won t Get! 3. Factors That Influence Your Credit Score With Collections 4. The Inconvenient Truth 5. If You Don t Ask, You Won t Get Part II 6. No Morality Play Involved Here 7. It s You Against Them 8. Other Options 9. Ask Them To List The Account As Paid Only 10.Ask Them To List The Account As Settled Only 11.Another Viewpoint From A Debt Settlement Expert 12.Original Creditors 13.Resolve Your Debt Manage Your Credit 14.One More Thing; This Is Not PAY For Delete! 15. About The Author How Credit Card Debt Settlement Affects Your Credit Report and What You Can Do About It Page 3

4 Introduction Over the last 15 years, and especially within the last 4 to 5, I can t tell you how many times I ve been asked this particular question. What s even more amazing is that people attempting to negotiate debts and settle them on their own, which is how I believe debt settlement should be done, have no clue whatsoever to what the actual answer is. In this Special Report, I will answer that exact question and leave no stone unturned! But first, let s clarify who I am and why you should listen to me: Who Is Lou Rodriguez I am in no way, shape, or form claiming to be the World s foremost authority or expert on credit and finances, or debt settlement for that matter. What I am claiming is to have over 20 plus years of experiences and knowledge in dealing with credit and financial issues as well as creating the Credit Audit & Verification Process that I teach in my Better Credit Blueprint Video Series. Everything I know and have learned about credit comes from immersing myself with consumer protection statutes such as the Fair Credit Reporting Act, from reading hours of testimony and court depositions dealing with consumers and credit bureaus, and from helping hundreds, if not thousands over the last 20 years, overcome their credit issues. As an Amateur Consumer, I invite you to do two things; first, verify that the information I provide throughout this Special Report is accurate and true before taking any of my advice, and secondly, read my blog post titled How Credit Card Debt Settlement Affects Your Credit Report and What You Can Do About It Page 4

5 Who Can You Trust When Taking Credit and Financial Advice. This post will teach you how to properly weigh and analyze any information and advice you get, regardless of the source, before taking any action! Since You Put It That Way... I also took my own advice when I created this report and had one of the most reputable and knowledgeable do-it-yourself debt settlement experts in the country read over the report and offer his viewpoint! Remember: always research the research! The whole reason I wrote this report is because after doing countless hours of research and speaking to many debt and collection professionals, almost every single one had the same opinion; settle your debt first and worry about your credit second! But while some things during the debt settlement process may, or may not be, out of your control, I felt I needed to give you a different and substantiated point so you may know that there is absolutely no reason why shouldn t attempt to manage and minimize the damage to your credit report while attempting do it yourself debt settlement! KEEP THIS IN MIND: Remember; at the end of the day, your number one priority should always be to settle the debt and move on with your credit and financial life, so keep this fact in mind throughout the entire debt settlement process! Good Luck How Credit Card Debt Settlement Affects Your Credit Report and What You Can Do About It Page 5