How to Fix Your Credit in 45 Days or Less: Understanding Credit Score, What is Debt, Bad Credit, Free Credit Reports, Credit Repair, Secured Credit Cards, … Bad Credit (Nicholas Black’s How-to Series)
How to Fix Your Credit in 45 Days or Less: Understanding Credit Score, What is Debt, Bad Credit, Free Credit Reports, Credit Repair, Secured Credit Cards, … Bad Credit (Nicholas Black’s How-to Series)
How to 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 & Nicholas Black
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 into
• 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 first (7-steps)
Chapter 15: What now?
• Now that you understand the process, get started!
Price:
Categories: Loan Products Tags: Bad Credit, Black's, Cards, Credit, Credit Repair, days, Debt, Free, Free Credit Reports, HowTo, less, Nicholas, repair, Reports, Score, Secured, Secured Credit Cards, series, Understanding
Installment loans help credit score?
Question by heather S: Installment loans help credit score?
I am trying to repair some of my credit and heard that taking out installment loans, which only be to pay for my credit debt and paying off the loan before it’s due will help out my credit score. has anyone ever heard this and does this really work, i need to build my score quickly within the next 6 months and pay off bad debt.
Best answer:
Answer by Smoovy Loco
There are two main types of credit: revolving accounts that allow you to build up and pay down balances, and installment loans that typically have fixed payments that require you to pay down your balance over time. Credit cards and lines of credit are examples of revolving accounts, while auto loans and mortgages are considered installment loans. The FICO formula has always rewarded folks who had and successfully managed both types, which is why getting an installment loan was often recommended as a way for people with troubled credit to rehabilitate their scores. The new scoring formula is even more sensitive to the mix of credit types people have and use. In the past, people were able to get and keep very high scores using only credit cards; it’s not clear if that will still be true under FICO 08.
Know better? Leave your own answer in the comments!
Categories: Loan Questions Tags: Credit, Help, Installment, loans, Score
If I pay my car loan repayment in advance, will my credit score increase?
Question by Katsutoshi: If I pay my car loan repayment in advance, will my credit score increase?
I’m thinking of buying another car.
1) Should I pay current loan in advance, then get another car after loan is completed.
2) Should I keep to pay current loan on schedule, then get another car before loan is completed.
I guess I can increase my credit score if I pay it in advance. However I also hear that paying in advance can decrease the score. Which is the true?
Best answer:
Answer by tudorjason
No, your score won’t increase if you pay off the car loan early. It isn’t about paying off debt (for secured installment debt anyway), it’s about payment history and not spending too much credit.
You should really only obtain debt if you need it. Do you want to replace the one you just paid in full or do want a second car? If it’s the former and you have money to pay off the loan entirely, I would suggest using the money for other things. Pay off some other debt, improve your education, invest it in an ROTH IRA, or save it because you can never have too much savings.
Because of all this, I think you should just stay on schedule.
And it’s sort of, maybe, true about paying off in advance will decrease your score. All things being equal as they are now on your credit report, if you paid off your car loan in advance, the payment history will fall off your report sooner than it has to and your score will drop because it will lose that history. But by the time your car loan does fall off, your accounts will have aged more replacing that lost history, so your score probably wouldn’t drop.
Know better? Leave your own answer in the comments!
How much does an installment loan help yor credit score?
Question by The Duke: How much does an installment loan help yor credit score?
If a credit score is between 600-650, how much would an installment loan of $ 2,000 paid back in 12 months help that credit score?
Best answer:
Answer by tudorjason
It’s difficult to say. Regular people don’t perfectly know how credit scoring models work. However, if this is your first installment loan, it will have a more significant impact than if it’s, perhaps, your 15 installment loan.
If your credit history is fairly short and young, your score will probably raise about 50 points. If you have several installments, then maybe only 15 points.
A credit history takes several years to build. The longer an account stays active and in good standing, the better.
What do you think? Answer below!
Categories: Loan Questions Tags: Credit, Help, Installment, loan, much, Score