Wednesday, June 26, 2019
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Credit Repair Solutions To Fix Your Credit Once And For All

Are collectors coming after you unfairly our credit expert is here now with some advice on how to really protect yourself Bo Thomas is a certified credit expert who has helped consumers all across the country thank you for coming and thank you thank you this all stems us inviting you here to talk specifically stems from this law suit that just came down against a large creditor yeah the FTC just ordered one the largest ever by a third party debt collectors million dollars for doing something what we find a lotta collectors do every day to consumers but they were just called on it yeah there are some serious very specific lines for creditors to call you or get in touch with you and how they can do it and when they can do it lets go through those and talk about those because there are certain even times of day they can do it right absolutely and and a lot don’t follow the rules but so the most common ones that they violate and what this million dollar settlement was calling before 8 o’clock in the morning or after nine o’clock at night hiding their identity one of the really common ones there is that they block the caller ID so you don’t know who is calling and you pick up right right they can’t use an automatic dialer to call your cell phone and that’s another real common thing as well like a pre recorded message kind of thing that’s illegal yeah if they leave it no matter the time of day no matter the time of day but that’s only on your cell phones a little tricky there on your home phone that’s okay all right very good and this first one we forgot to mention is they cannot call several times yeah there’s a limit and that’s harassed they really there’s there’s case law out there that states that more than three times in a day can be construed as harassment so threes their max per 24 hour period okay and then you can ask them to cease and desist you can make a formal request yeah so if you if you tell me that you refuse to pay the debt and the stop calling they have to stop calling if they continue to call after that that’s when you need to take action okay so now I see in a court situation or something if you try and and turn to legal help for this it turns into a he said she said so how in the world do you you know protect yourself yeah lets say you take steps you know document all calls log all the calls as they call I even if it’s a log just jot down who you spoke with what time of day even just your own hand written absolutely that’s all you need you don’t have to have a smoking gun or anything like that yeah just document down you can go to our web-site we have a lot of the free information there’s a log and steps up what to do okay if you’re getting these calls course a few get a recorded message that’s maybe even better proof right absolutely that’s that’s like surveillance footage that’s that’s documentation of them doing okay so if you get that save that recorded message and tapes you say all written correspondents too if you get anything in the mail the most those actually are covered by the business insurance you don’t see very many violations there but any correspondence you get absolutely there’s rules that they Follow before the first time that they communicate with you an attempt to collect a debt they have to send you a dunning letter it’s a letter this advising you of your rights each time they communicate with you that’s another key factor they have to advise you of your rights and it’s commonly known as your mini Miranda and that’s the phrase that it’s an attempt to collect a debt any information will be used for that purpose if they don’t do that this subject up to a thousand dollar fine which goes to the consumer not anybody else a consumer can get up to a thousand dollars just but small tedious mistake okay so let’s say you’ve made these logs you you’ve got all your documentation ready then what that’s when we turn to someone for help in representing us right yeah that’s and that’s what we with our credit repair clients we coach them and educate them on what they can do to document really build a case then we get them our attorney the firm addelman law firm specializes in Ft CPA claims which is the Fair Debt Collection Practices Act okay and now he’ll get you taken care of so how do we find you if needed absolutely reach us on the web.

As found on Youtube

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Do You Know Your Credit Score?

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I NEED MORE MONEY THAN I HAVE… HOW DO I SOLVE THIS…? SIMPLE…. GO TAKE OUT A LOAN …. EASY, RIGHT? NOT EXACTLY. LONG BEFORE CREDIT SCORES, HUMAN JUDGEMENT WAS THE KEY TO DECIDING THE RISK OR QUALITY OF A POTENTIAL BORROWER. NOT ONLY WAS THIS A PAINSTAKING PROCESS BUT IT WAS ALSO UNRELIABLE. EVENTUALLY, A POINT SYSTEM WAS DEVELOPED THAT ELIMINATED MOST OF THE HUMAN BIAS THAT PREVIOUSLY EXISTED. SO… WHAT IS A CREDIT SCORE AND HOW DO I KNOW IF MINE IS GOOD OR NOT? A CREDIT SCORE IS BASICALLY A SYSTEM THROUGH FICO THAT EVERYBODY WHO IS A WAGE EARNER PRETTY MUCH HAS. WHETHER IT IS IN THE MILITARY OR CIVILIAN. SO IT IS SOMETHING THAT IS GOING TO BE WITH YOU THE REST OF YOUR LIFE. A GOOD CREDIT SCORE DEPENDS ON THE SCORING SYSTEM USED BY YOUR PARTICULAR LENDER. DIFFERENT SCORING SYSTEMS USE DIFFERENT SCALES, AND DIFFERENT LENDERS USE DIFFERENT SYSTEMS. MOST CREDIT SCORES RANK INDIVIDUALS ON A SCALE FROM AROUND 350 TO 850. THE HIGHER THE SCORE, THE LESS YOU ARE SEEN AS A FINANCIAL RISK TO CREDITORS. MY FICO IS THE COLLECTOR THAT CAME UP WITH THIS KIND OF PATENTED SYSTEM AS FAR AS DETERMINING A SCORE.

AND, EACH CREDIT REPORTING AGENCY MAINTAINS ITS OWN ALGORITHM IN SAYING THE PROBABILITY OF YOU BEING PAID BACK. SO, EQUIFAX, TRANSUNION AND EXPERIAN ARE THOSE THAT DO THE CREDIT REPORTS AND CREDIT SCORES. A SCORE OF 680 OR HIGHER WOULD GENERALLY BE CONSIDERED GOOD, WITH THE NATIONAL AVERAGE BEING AROUND 692. A LOWER SCORE CAN BE CAUSED BY A LOT OF DIFFERENT REASONS. PAST BEHAVIOR, FOR EXAMPLE, COULD MEAN YOUR PAYMENT TRACK RECORD HASN’T ALWAYS BEEN PERFECT.

ALSO… ALWAYS PAYING IN CASH AND NOT HAVING ESTABLISHED CREDIT CAN EVEN HAVE AN IMPACT, BELIEVE IT OR NOT. LET’S JUST SAY A PERSON JUST HASN’T HAD ENOUGH TIME TO DEVELOP A CREDIT HISTORY. THAT MAKES IT HARD TO EVALUATE YOU. IT IS EXTREMELY IMPORTANT TO START ONE’S CREDIT HISTORY ON THE RIGHT FOOT BECAUSE IT CAN AFFECT YOUR FINANCES. FOR EXAMPLE, SAILOR A AND SAILOR B TAKE OUT A TWENTY THOUSAND DOLLAR CAR LOAN AND PAY IT BACK OVER FIVE YEARS. SAILOR A HAS A 600 CREDIT SCORE AND SAILOR B HAS 720. SAILOR A WILL END UP PAYING ONE HUNDRED AND THIRTY FIVE DOLLARS A MONTH MORE THAN SAILOR B…. THAT’S OVER SIXTEEN HUNDRED DOLLARS A YEAR DIFFERENCE IN THEIR PAYMENTS. A NOT SO GOOD CREDIT SCORE CAN ALSO AFFECT MILITARY MEMBERS PROFESSIONALLY… NOT JUST FINANCIALLY. THOSE PEOPLE THAT MIGHT LOSE CHOICE ASSIGNMENTS BECAUSE THEY DON’T MAINTAIN A CERTAIN CREDIT SCORE WOULD BE AFFECTED.

IT ALSO AFFECTS YOUR SECURITY CLEARANCE VERY MUCH SO. 61% OF SECURITY CLEARANCES THAT ARE PULLED ARE DUE TO FINANCIAL REASONS. THAT IS THE MOST WIDELY USED CATEGORY AS FAR AS FINANCES. SAILORS SEEKING CREDIT SCORE INFORMATION… OR SIMPLY WANT GET SOME FINANCIAL ADVICE SHOULD STOP BY A FLEET AND FAMILY SUPPORT CENTER AND ASK TO TALK TO ONE OF THEIR FINANCIAL ADVISERS . IF YOUR CREDIT SCORE ISN’T WHERE YOU WANT IT TO BE, THERE MAY BE SOME THINGS YOU CAN DO TO HELP IT ALONG. THE BEST THING TO DO IS TO COME IN AND BE AHEAD OF THE CURVE. DO SOME PLANNING… BECAUSE THESE ARE SKILLS YOU ARE GOING TO NEED FOR THE REST OF YOUR LIFE, WHETHER YOU ARE IN THE NAVY OR NOT. FLEET AND FAMILY IS ALWAYS THERE TO HELP… COME AND SEE US. BE VIGILANT… MAKE SURE TO CHECK YOUR CREDIT AT LEAST ONCE A YEAR… IT’S FREE… EVEN IF YOU HAVE GOOD CREDIT… YOU NEVER KNOW WHEN SOMEONE ELSE CAN TAKE IT FROM YOU!

As found on Youtube

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