www.CreditRepairKen.com

As a valued client and long-time sufferer of my Blog postings, you are probably aware that for many years I’ve been regarded as one of the top credit repair experts in California.

In 2003, I wrote a book titled:

“How To Repair Your Credit and Qualify for a No-Money Down,
Low Interest Rate Home Loan in 30 Days”

The E-Book version became an internet sensation and turned me into an internet celebrity, albeit a minor one.

I’m excited to announce that I am now in possession of the knowledge and tools to take “credit repair” to the next level.  The next level is actual and literal “debt-elimination.”

Very long story short:  I worked with (and paid a significant amount of money to) an accomplished attorney specializing in the Fair Credit Reporting Act.  I now have the legal documents that make up the “administrative process” needed to actually eliminate bad debts (i.e., collection accounts and charge-offs) from your credit report.

It’s complicated and involves a great deal of “legalese” but essentially consists of this: a four-letter (certified mail) process conducted over a period of ninety days.  At the end of this process, collection companies – ninety-nine times out of one hundred – fail to meet the requirements as spelled out in the Fair Credit Reporting Act.  The derogatory account is then removed from your credit report. 

What’s most important for you to know is:  It gives you the power to permanently repair your credit and eliminate old collection accounts and charge-offs that may have been haunting you for years.

If you or anyone you know is in need of this kind of help, please call or send them my way today.

I can be reached at 951-760-3833.  Or email me at KenAHall@gmail.com.

www.KensCreditRepairTestimonials.blogspot.com

www.CreditRepairKen.com

Frequently Asked Questions

How exactly does credit repair work?

The credit repair process I’ve developed is based on:

1. The Fair Credit Reporting Act (http://www.ftc.gov/os/statutes/031224fcra.pdf)
2. And the Fair Debt Collection Practices Act (http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf).

Both of these are Federal Laws.  You can think of them as:

1. Rules for what collection companies can and cannot do.
2. Establishes and guarantees specific legal rights that consumers have in their dealings with collection companies.

We send a series of four correspondences to the collection agencies over a period of ninety days via certified mail.  This is known as an ‘Administrative Process.’  At the end of this process – ninety-nine times out of one hundred – the collection companies are unable to comply with various requirements in both the Fair Credit Reporting Act and the Fair Debt Collection Practices Act.

At this point, the collection account must be removed from the consumer’s credit report.

How long does it take before the collection account is removed from my credit report?

It varies.  Sometimes the collection company will immediately remove the account after only the first letter.  At the other extreme, sometimes the collection agency simply ignores the letters.

When this happens, we send copies of all four letters – along with proof of certified mail delivery – to the three credit bureaus.  This proves to the credit bureaus that we have followed the letter of the law in our attempts to get the collection company to abide by the Fair Credit Reporting Act and the Fair Debt Collection Practices Act and the collection company has failed to comply.

At this point, the credit bureaus are obligated to remove the account from your credit report.  In this extreme example, it could take 4-6 months.

How much do your credit repair services cost?

My fee schedule is based on:

1. How many negative accounts need to be removed.
2. The dollar amount of each individual negative account.

So we can’t know for sure what your exact fee amount will be until we get together and analyze a recent copy of your credit report and compare that to my fee schedule. 

I offer very affordable monthly payment plans as well as discounts for payment in full.  My services come with a 100% money-back guarantee … for life. 

I’ve heard of credit repair and debt-consolidation companies that charge a lot of money and nothing happens.  How can I be sure about your services?

First of all, I’m well known in the Temecula Valley and my reputation is the most important thing in the world to me besides my family. 

I have lots of testimonials from folks I’ve helped and lots of proof of my success in the form of letters from collection companies stating they are removing negative accounts from my client’s credit reports.  You can check them out at:
http://kenscreditrepairtestimonials.blogspot.com/ and http://hallken.blogspot.com/.  

I’m licensed with the California Department of Real Estate (DRE License #01418440).  You can check out my license status at http://www.dre.ca.gov/. 

I’ve never had a complaint filed against me.

In my twenty-plus year career I’ve worked for:  Security Pacific Bank (later merged with Bank of America), Conseco Mortgage, GMAC Mortgage, Countrywide Home Loans, and Wells Fargo Home Mortgage. 

I’ve never run afoul of any banking rules.  Never had a borrower file a complaint against me.  I approach each client’s situation with uncompromising integrity.

Let me be perfectly clear.  I’m not perfect and I’m not successful 100% of the time.  I simply do what I know how to do and I always do it to the best of my ability.  I can’t guarantee you in advance that your negative credit item(s) will definitely be removed.  But, on the rare occasion when I’m not successful, it costs you nothing.

If you’re still a ‘Doubting Thomas,’ that’s ok.  I get it.  I would then encourage you to go the extra mile and place all credit repair fees with an escrow company. 

‘Escrow’ is defined as: Money, property, a deed, or a bond put into the custody of a third party for delivery to a grantee only after the fulfillment of the conditions specified.  Just like in a real estate transaction.

In other words, an escrow company acts as a ‘Referee,’ making sure all players play by the rules.I recommend Safefunds.com, LLC (http://safefunds.com/index.php) but you’re free to choose any escrow company you wish.

Isn’t it better sometimes to just file bankruptcy?

In some cases, it absolutely is the best thing to do and I encourage you to speak to a bankruptcy attorney if you have any doubts whatsoever. 

But if your goal is to buy a home in the near future, you need to be aware of the consequences of bankruptcy.

1. For FHA financing, you must wait a minimum of two (2) years after your Chapter 7 Bankruptcy is discharged before being eligible to qualify.
2. For VA, also two years minimum.
3. For Conventional/Conforming financing (Fannie Mae/Freddie Mac), you must wait four (4) years after Bankruptcy.

If my credit score is above 640 (the minimum score required by FHA/VA) why does it matter if I still have old collection accounts on my credit report?

This is where many potential homebuyers receive an unpleasant surprise at the last moment.

If you have collection accounts on your credit report with dollar balances still showing on them, then we have a problem when it comes time to get approved for your home loan.

You see, FHA, VA and Conforming/Conventional loan guidelines require collection accounts – with dollar balances remaining on them – to be paid-off or removed from your credit report before loan approval can be granted.

There is one exception allowed: if the account is a medical collection with a balance under $2,000. 

Otherwise, the collection account must be paid or removed before loan approval will be granted.

OK, it all sounds good, but what’s the catch?

Actually, there is a catch.  I want to sell you a house and help you obtain financing.  Or, be your listing agent if you are selling your home.

Helping my clients repair their credit is very gratifying but it’s also a means to an end … for me.  I can earn a much larger commission from selling a $250,000 house than I can from repairing credit.

So if I help repair your credit, I hope you’ll agree to (and actually want to) allow me to represent you in your home purchase and obtaining financing.

I’m not in the market to buy a home right now.  Does that mean you will not help repair my credit?

Not at all.  I will still help repair your credit.  You can make-up for it by referring your relatives, friends and co-workers to me ... (lots of them ).

So what’s the next step?

The next step is to get together and review a recent copy (less than 30-days old) of your credit report.  It should be a ‘tri-merged’ credit report which includes all three bureaus:  Equifax, Experian, and Transunion.

I can pull the credit report for you ($12.00 for an individual; $20.00 for individual and spouse), or you can obtain the report on your own from one of the many credit monitoring companies (I recommend www.privacyguard.com or www.truecredit.com).

If you have any questions, feel free to call or email me anytime.  If you’re ready to get started, call today and we’ll schedule a time to get together at my office in Temecula.