Consumer Credit Information
All about your Credit
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If you're like most Americans, you've bought a car right off the lot, ordered from a catalog or bought concert tickets with a credit card, rented a video and opened an instant charge account at a department store. You've probably never seen your credit report though, or really understood how credit reporting works. A consumer credit report is a factual record of an individual's credit payment history. It is provided for a purpose permitted by law, primarily to credit grantors. Its main purpose is to help a lender quickly and objectively decide whether to grant you credit. Examples of credit include car loans, credit cards and home mortgages. A typical credit report includes: • Your name, current and previous addresses, phone number, Social Security number variations, date of birth and current and previous employers. Your spouse's name may appear on your version of the credit report but it will not appear on the version that is provided to others. This information comes from your credit applications, so its accuracy depends on your filling out the forms clearly, completely and consistently each time you apply for credit. • Specific information about each account such as the date opened, credit limit or loan amount, balance, monthly payment and payment pattern during the past several years. This information comes from companies that do business with you. • Federal district bankruptcy records and state and county court records of tax liens and monetary judgments. This information comes from public records. • The names of those who have obtained a copy of your credit report. (On your copy of your Experian credit report, addresses are included.) This information comes from the credit reporting agency. • Statements of dispute, which allow both consumers and creditors to report the factual history of an account. Statements of dispute can only be added after a consumer officially disputes the status of an account, the account has been investigated, and the consumer and creditor cannot agree about the account status. Both the consumer's and creditor's statements of the account status will appear on the credit report. Most of the data on file is positive, indicating that most people pay their bills on time. Your credit report does not contain — and does not collect — data about race, religious preference, personal lifestyle, political preference, medical history, friends, criminal record or any other information unrelated to credit.
Consumer Credit Information Index Visit our Credit Counseling Partner Below |
How a Credit Counseling program works?
A credit & debt consolidation plan will allow you to manage your finances without a consolidation loan and without declaring bankruptcy! If you are having trouble meeting the minimum monthly payments on your bills, feel you are slipping further behind each month and need debt relief, let us go to work for you!
Consumer Credit Counseling & Debt Consolidation
Consolidation of credit card debts and unsecured loans makes rapid debt reduction possible. All members of professional and legal staff are trained in debt mediation with credit card companies and unsecured creditors. Why? ...Because a debt financed at 8% or lower is much easier to pay down than is a 22% credit card interest charge! In some cases, the negotiated interest charges on consolidated debts may be brought down to ...zero !
Budget and Credit Counseling Services
We provide professional budget planning and credit counseling. We carefully answer your financial questions and recommend steps to resolve your financial difficulties that may be preventing you from making the most out of your money and credit.
Why waste money on high interest creditors?
Save your financial resources for
yourself and your family! Credit Consolidation can take all of your
unsecured bills, negotiate with all of your creditors for new interest
charges and terms, making it possible for you to make a single monthly
payment towards satisfying your obligations – while allowing you to maintain
a comfortable household budget.
Non Profit Debt Consolidation
Creditors, looking to protect their debtors, will normally only work with non profit debt consolidation organizations. These IRS accredited 501(c)3 organizations are deal better with your creditors., so you know that you are getting the lowest cost debt consolidation option. These organizations will serve your interest, and they are set up to help you, not the creditors.
Many times, these non profit debt consolidation organizations have a pre negotiated rate with the creditors that is available to their clients. These rates will often reduce your monthly payments by 50%, and halve your interest rates. Because of compounded interest, these reduced interest rates can decrease the payment times from over 35 years for credit cards to under 5 years. Your payment time is reduced, even though you are paying less money each month!
These organizations are safer than for profit firms, because they aren't making money by exploiting you. There fees are linked to their costs, which allows them to help people like you without charging expensive fees.
To be contacted by a licensed consolidator, fill out the form above, and you will be contacted by a non profit debt consolidation organization. Take the first step towards financial independence, choose to let our debt consolidation organization help you.