Credit: How to Fix Your Credit: Unlimited Guide to – Credit Score, Credit cards, Credit Repair Secrets, debt and Credit freedom (Money Matters Book 3)

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Fix your Credit in 45 Days, or Less!

Understanding Credit Score, What is Debt, Bad Credit, Free Credit Reports, Credit Repair, Secured Credit Cards, and Loans for Bad Credit

by Dr. Nigel Peterson

This book will tell you the insides and out about fixing your own credit score. What you will learn, from an industry insider (Dr. Nigel Peterson) is what the “Credit Repair Companies” Charge you thousands and thousands of dollars to do. And you can do it on your own, right now!

Here is what is covered in the book:

Introduction: How do you fix your Credit?

• Step 1: Research and Prepare all Background Info

• Step 2: Challenge the Credit Bureaus

• Step 3: Demand a Re-Investigation of the accounts that remain Negative

• Step 4: Demand a Validation of Debt

• Step 5: Demand a Revised Validation of Debt

Chapter 1: What is Your Credit Score?

• Research and prepare all background info

• Challenge the credit bureaus

• Demand a re-investigation of the accounts that remain negative

• Demand a Validation of Debt

• Demand a revised Validation of Debt

Chapter 2: What are the 3 Bureaus?

• What is a Credit Bureau?

• What are the 3 Credit Bureaus?

• Addresses and contact information for the 3 Credit Bureaus

Chapter 3: Research Your Credit Report

• Factors that negatively affect your credit score

• What is a derogatory?

Chapter 4: The 4 Federal Laws You NEED to Know

• The 4 federal laws you’ll need to know

• Hiring a company to fix your credit

Chapter 5: What are Collections Agencies?

• When can a debt collector or collection agency contact you?

• Things the collection agencies and collectors cannot do!

• Things debt collectors are prohibited from saying

• Can get collectors like you?

• Unfair practices for debt collectors

• Can they garnish your wages?

• Can they garnish your benefits?

• Are they licensed in your state to conduct business?

• Is the collection agency even a legitimate company?

• Is the collection agency even still in business?

• What to do with the collection agency first contacts you

Chapter 6: How to Receive a Free Credit Report

• Do you want a free credit report?

• Does it hurt your credit when you check the score

Chapter 7: The different types of contracts/agreements:

• The 4 different types of contracts and agreements you can enter

• Is there a statute of limitations on debt agreements?

• Why should you care about a statute of limitations?

• How long is the statute of limitations?

• How do you calculate when the statute of limitations is over?

• Basic list of states, and the applicable Statutes of Limitation

Chapter 8: What will you need for the dispute letters

• The documents/Info necessary for your dispute letters

• How to Mail the dispute letters

Chapter 9: Disputing Derogatory Information with the 3 Bureaus

• Identify Derogatory Information

• What does it mean to Dispute?

• What is the Process to Dispute?

• What should your dispute letter look like?

• Example dispute letter

Chapter 10: Getting the 45-day Dispute Results

• What is a re-dispute?

Chapter 11: Tips for FHA/VA Loans

• FHA and VA Guidelines

• Approach the loan with a good credit rating!

• FHA TOTAL Scorecard

• FHA Loan requirements (information)

• What additional info will Veterans need?

• Where do FHA loans come from?

• How to pre-qualify for an FHA/VA loan?

• FHA Loan mistakes to avoid!

Chapter 12: How to improve your credit

• Some basic steps to improve your credit

Chapter 13: Getting new lines of credit

• What is the best way to increase your Credit Score?

• A little sound advice:

Chapter 14: Dealing with medical debts

• Is a doctor or hospital allowed to refer an overdue medical bill to a collection agency?

• Can my personal medical information be disclosed directly to a credit reporting agency

• Can you dispute a medical collection?

• How to dispute with the Medical Facility/Insurance Company

Chapter 15: What now?

How To Turn Things Around

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It is a very rare kind of person that does not have money problems at some point in your life. It is important to realize in the circumstances that missing a single payment on your credit card does not make you a bad person, a financially reckless individual or a debt risk. This is not because it is fine to miss a credit payment – ideally, it won’t happen to you – but because there is a way back from credit problems. You need to be concentrated on finding that way back and taking it – but as long as you keep a clear head, this is more than manageable.

Missing one credit card payment is unlikely to strip you of a positive credit rating in one fell swoop. What you need to keep in mind is that there are very good reasons to treat your first missed payment as a warning sign. If you fall into longer term problems with debt, it will be much harder to escape them. For this reason you should focus on that payment and tell yourself that it won’t happen again. Pay attention to making the payment when you can, and meeting the next one when it becomes due. By sticking to this promise to yourself you will make it far more likely that the one missed payment was an aberration. If you think that you will have problems making payments going forward, look for alternative solutions such as consolidation or debt management, rather than letting the problem grow.

Sometimes Counseling Can Help

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The word “counseling” is one that can trigger some pretty extreme reactions in people. Given its long association with people under the effects of depression or other mental stresses, it is viewed by many people as being something with a stigma attached to it. However, the simple fact is that counseling can be extremely helpful, and applying yourself to a course of it need not be an admission of weakness – more that you had the strength to admit you needed help. Counseling exists today for far more things than mental stress – although it tends to be used in situations which can be enormously mentally stressful.

Debt counseling is a process that people are using more and more these days, in recognition of the fact that finding yourself unable to make your monthly payments can be an extremely stressful situation. There are many different approaches to debt counseling, a lot of which center around your reasons for ending up in the situation where you have major debt to deal with. If you can address these problems, with the help of a qualified specialist, then you can put yourself on the right track to get rid of your debt once and for all.

Look around for the counselor who you think will help you best, who will understand your reasons for falling into debt and who you think can provide common sense answers to your problems. The situation of having to pay off serious debt is something that can have unreasonable effects on your mental and physical well being. Don’t let it drag you down.

Secured Loans – The Pitfalls

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Taking out a loan for a small amount to pay for a purchase that is just outside your usual spending power should be quite a manageable situation. If you take the loan out at a reasonable rate of interest over a decent term then you should be able to make the repayments even if you find yourself out of work for a period. However it is a different story if you take out a mortgage to pay for a house, or a car loan. These forms of credit are often “secured” on your purchase, which means that, should you default on the loan, the lender will be able to reclaim the property from you as a way of making their money back.

Secured credit has such pitfalls because, without the possibility of reclaiming their money in this way, banks would need to charge higher rates of interest and keep the term of the loan much shorter than they currently are. This would put the purchase of a house or a new car far outside the range of most people. It is, however, vitally important to be sure that you have a contingency plan should you suddenly lose your job. In such cases, becoming unemployed can also mean becoming homeless.

Further to this, a default on a mortgage can stay on your credit file for some time, meaning that another mortgage any time soon will be an impossibility for you. Take into account all the perils of taking a mortgage before you sign any documents, because the drawbacks to secured credit could be prohibitive.