Your credit report is a living report card of your debt paying history and instrumental in the process on buying a home and can even determine how much is the down payment on a house if you have bad credit.
and the accounts that you have had it shows the good the bad and the ugly. Of course, you want less ugly and alot of good but like everything else and just like in school it is easier to go from an A to an F than to bring up that F to an A. Otherwise we would of all graduated with honors and we would not have to badger our kids all the time about doing their home work. Because it really is hard to bring that F back to an A .. same is with your credit it can take a long time to get those scores up to 700+ but you can bring it down to easy 500+ with no effort.
If you have gone from an A to an F and you need to restore your credit, there are several steps you need to take. None of the steps are very difficult, but they can be time consuming and somewhat complicated, less face it, if the fixing your credit was so easy everyone would have great credit so every time you hear about how easy it is think twice before you buy some $500 system. But it can be done I have helped tons of people to fix their credit to where they did not qualify for a home loan and 6 months later there they are shopping for their first home. I will admit there is no way I am going to go into all the details and what you can do to fix your credit but you can get yourself acquainted with the fair credit report act which tells you what your rights are as a consumer. Now let me just get one thing straight it will tell you your rights it will not tell you how to fix your credit you will have to figure that out yourself, or you will have to invest in a credit repair system or pay someone to do it for you. But you should at least get familiar with your rights under the law.
http://www.ftc.gov/os/statutes/031224fcra.pdf
Getting help with Credit Repair for free can be hard to find most places are going to want charge you something. You probably know there are lots of companies that say they will help you for a hefty fee, but if you had a load of cash to burn with them, you probably would not have the trouble you have now. Additionally, if you can do this by yourself, you can keep that money for paying off the debts you really need to get paid off. So find yourself a reasonable system to fix your credit so you can buy your house or car or what ever it is. This biggest problem that I seem to have with no clients to qualify for a home loan is the credit then the income.
You are going to need to do a bit of reading and video watching, but you will see that www.creditblossom.com offers the help you need in a very user friendly format. If you don’t find anything there of interest you can also go here all the info is free and its your tax dollars at work.
http://www.ftc.gov/bcp/menus/consumer/credit/loans.shtm
Self credit repair is not only free, it’s completely doable. The general public just doesn’t know how to go about it. The creditrepair process begins when you get a copy of your credit report, review it, and determine what you ought to dispute.
You have the lawful right to a credit report that is one hundred percent correct. If you believe an account might be reporting on your credit report incorrectly, you have the right to send credit dispute letters on the accounts you hold in doubt. This is the first step.
Creditblossom.com offers you the simplest tool online for writing credit repair letters. If you have 10, 20, or 30 accounts that you wish to dispute, writing all these credit repair letters on your own will be very time consuming. Creditblossom.com’s proprietary Credit Repair Letter Wiz™ will allow you to produce all your credit dispute letters in minutes. The website offers written and also video directions that will give you all the instruction you need to perform basic CreditRepair on your own.
It really is up to you to shop around for a system that you can use and that will benefit you in getting your credit scores up so do some homework but it can be done and there are lots of things that you can do that will boost your scores just by implementing your rights as a consumer.
Call Me For A Free Consultation
If you have any questions about buying a Santa Maria home for sale in the Santa Maria Real Estate market or any properties on the Central Coastand need to get a loan in Santa Maria, CA or any where in the state of California not just on the Central Coast please contact me by sending me an email at: GenePerez@GMSLoans.net
I do also service all the nearby communities and other markets such as the Santa Ynez real estate market, Nipomo Real estate market, Arroyo Grande real estate market, Grover Beach Real Estate Market, and all other surrounding areas regarding the homes on the Central Coast. As well as helping you get first time home buyer loans and mortgage refinancing.
my goal is to provide you with resources you need. I can also help in getting the financing for your home. If you have any suggestions or questions in how I can provide more or better
information please let me know. I have been helping my clients for the last 15 years on the Central Coast, Gene Perez – 805-448-7101 , DRE 01321588
Important Disclaimer: Questions and answers provided on this website and by Gene Perez is to be considered general information, and is not intended to substitute for informed professional financial, tax, legal, investment, accounting, or other professional advice.
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