"Credit Repair"

"What's done is done, but is it? The truth is that YOU CAN go from 'bad' credit to 'good' credit (and even 'GREAT' credit) in a very short time! I'm betting I can boggle your mind with the possibilities which exist for you!!"

1. FICO. Short for Fair, Isaac and Co., the San Rafael, California Company founded in 1956 by Bill Fair and Earl Isaac. They pioneered the field of credit scoring for financial companies. Every credit agency, and most lenders, calculate your credit score using software from FICO (also referred to as "Beacon") or they use another system based on the FICO rating system. This rating system is meant to develop a snapshot of the risk you currently represent to a bank or lender. Many factors make up your credit score, including length of credit history, number of open accounts, loans, mortgages, public records, and other factors which combined produce a three-digit score between about 300 and 950. Usually a lender will use a combination of your credit score with other factors when determining your risk. They all have the same objective, to determine the borrower's potential risk. Regardless of whether the score was generated by FICO or a system based on FICO parameters, they all yield an industry standard three-digit score. The GOOD NEWS is that if you know what you're doing, you can legally and ethically manipulate your credit score.
   
    
2. FCRA. This is a federal law called the Fair Credit Reporting Act. This law, when used properly, can do wonders to dramatically improve your credit. I routinely apply this law to remove judgments, late fees, delinquencies, charge offs, balances due and, in some occasions, bankruptcies where the law allows.
   
    
3. FDCPA. This is another federal law called the Fair Debt Collection Practices Act. This law has a neat little provision which I've used to help folks clean up their credit. When used correctly, it can scare the folks out of debt collectors!
   
    
4. Internal Policies and Procedures Unique to Each Bank/Creditor/Lender/Finance Co. Invaluable knowledge which can only be gained by "being in the trenches" day in and day out with creditors. If you understand the unique policies and procedures of the various creditors and the law firms which represent them, you can accomplish "miracles"! I'm exaggerating for effect, but you get the idea!
   
    
5. Penalties, Remedies, and Solutions Under California Law. Not to be overlooked, our state has powerful statutes which are "pro consumer". For example, there is a statute which I have used too many times to even count that eliminates judgments! Cool, huh!
   
    
6. Connections. Hey, I've been around the "credit game" a long time and I've gotten to know people with "influence" - bankers, Wall Street lenders, underwriters, debt collectors, lawyers, etc. - who can help me to help you.
   
    
7. Timing. Timing can be everything. Too often those not in the know actually blow it for the consumer because they either act too soon or too late. Knowing when to act as well as how to act is critical to getting results for ordinary folks suffering from bad credit and debt. When you boil it all down, experience gets the job done!

The above seven key factors I use together and separately to help people with credit and debt issues. Can I help you too?!!