The overall credit rating of America is declining

Consumer debt is on the rise and credit card delinquency has doubled over the past ten years. There were 1.2 million bankruptcies filed last year. Foreclosures have reached historic levels and nearly 40% of Americans have derogatory credit.

Misery may not love company, but if you have experienced credit problems ... you are not alone. Millions of people each year file bankruptcy, lose homes to foreclosure, have the government file tax liens against them, or simply miss a few mortgage or credit card payments.

How long do you want to pay for these mistakes or unfortunate situations?  According to the credit reporting industries, this is baggage that you will carry for 7 to 10 years.

During this 7 to 10 year sentence, you may be treated as a "second class" citizen.

Scrutinized... Ridiculed. . . and most likely denied the credit that can create a quality of life.

Your past credit problems may keep you from purchasing a home or from obtaining a home loan at an interest rate you can afford.

Most lenders grade loans based upon credit ratings  much like the grades you received in school ...A, B, C, etc.

With a poor credit rating, you might obtain financing but lenders make adjustment to compensate for the risk. What you will get is an interest very high interest rate and a down payment requirement so large it would take a lifetime of savings just to get your foot in the door.

With an "A" rating you can buy a home with a down payment from as low as 3% and an interest rate of 7%. If your credit doesn't make the grade, a "B" rating will require a larger down payment of up to 20% and an interest rate of 10%. You don't even want to know what to expect if you are rated "C".

And you thought your fifth period math teacher was tough!

Poor credit ratings can force a person into paying higher interest rates and exorbitant loan fees. The additional interest and loan fees can add up to tens of thousands of dollars. That is a steep and unnecessary punishment that you could carry for years ... unless you resolve to change it. Don't be held prisoner to your credit report.

Are you tired of being denied the liberties and opportunities of those with clean credit?

SO ... WHAT DOES IT TAKE TO CREATE A FAVORABLE CREDIT RATING?

Answer: TIME & DILIGENCE.

It has been said that time heals all wounds. This is certainly true with a poor credit rating. But do you really want to put your life on hold for seven to ten years waiting for it all to go away?

If you don't have the time, it may be tempting...

BUT ... BEWARE OF ILLEGAL ACTIVITIES.

There are companies that may promise to give you a new credit identity, one that can enable you to start fresh, but this is fraud against your creditors. Information regarding your current credit history is kept on file with the credit bureaus. Someone once said that you can run ... but you cannot hide.  Assuming a new credit identity under a "corporate" I.D. number is illegal and punishable by fines and imprisonment...and they're not kidding!

If you want it fixed you can find help with...

LEGAL CREDIT REPAIR.

It is known that the Internal Revenue Service has loop holes to enable people to legally avoid taxes. There are also loop holes in credit reporting laws that legally enable people to correct and repair items on their credit report. There are laws designed to protect the consumer and regulate the credit bureaus such as; the Fair Credit Reporting Act, Fair Credit Billing Act, Equal Credit Opportunity Act, Fair Debt Practices Act and Regulation "M" on Consumer Leasing . Use these laws to your advantage and you can remove derogatory, inaccurate, and obsolete information from your credit report. You can negotiate, dispute, and verify accounts in accordance with the law, you can have negative information removed from your credit profile. It's not magic ... but it works!

Imagine yourself without the embarrassment of a poor credit rating. Doors and opportunities that are now closed to you can miraculously be opened. You can enjoy the confidence and pride of a clean credit history.

YOU CAN BE GIVEN A FRESH START.

A new beginning. An opportunity to be forgiven and to forget your previous misfortunes. Imagine no longer having to pay that high interest rate car loan or mortgage payment. You can look forward to lenders extending you the credit to buy a new home, a car, or simply going out to dinner.

Your credit problems had to have started somewhere. Many credit problems and negative credit ratings are due to life's misfortunes. Excessive medical bills, unexpected unemployment divorce. For whatever reason or set of circumstances, there are more than 40 million Americans that are considered nonfinancable. If you are a part of this group, I believe that it is now time for a change. You can Get out of it.

IT IS TIME TO TAKE CONTROLSTOP LETTING YOUR PAST DICTATE YOUR FUTURE.

It is time for you to take a proactive step forward ... a step forward to a new and better future.

A future free of embarrassment, disappointment, and shame over your past credit history. A future where you are not required to continue to carry the baggage of your past.

HERE IS A STORY A true one, about misfortune, disappointment, recovery and restoration. Don't worry. It has a happy ending.

Bill and Sue were a young couple on the rise. They worked hard at their jobs and had built a lifestyle around their dual incomes. They had nice cars, they took vacations now and then, they treated themselves to nice dinners out, they even indulged themselves in various hobbies that provided a quality to their lives.

Life was good. They were even trying to save money to buy a new home. But like most Americans, they had car loans and credit cards obligations that had to be paid monthly to their creditors.

One day they hit a bump in the road.

Bill lost his job and with a recession in full swing, it was not easily replaced. Their family income was cut in half and their bills continued to grow. In fact, Bill and Sue had to rely more and more on their credit to live. Their monthly bills actually increased. After several months, their savings was gone. Their credit was "maxed out" and soon thereafter, they fell behind in their payments. A car was repossessed. Many of their accounts went into collections.

Things just didn't look good.

Bill finally did get a job. It took a while, but they managed to get back on their feet. They started building up their savings again. Sue even bought a new car, but because of their past credit history, they were paying 16% interest on an auto loan instead of 7%. With most of their previous accounts closed or in collection, just about every request for credit was quickly turned down or denied.

A YEAR PASSED AND THINGS WERE GETTING BACK TO NORMAL.WELL ... SORT OF.

Everything except their credit. Their credit rating continued to haunt them and remind them of a very difficult time in their past. Bill and Sue couldn't imagine having to wait 710 years for their credit history to improve. With their third child on the way, they desperately wanted to get out of their cramped apartment and into a home of their own.

Bill read an article in the newspaper about cleaning and correcting credit. He quickly responded to the article. He was able to speak to a credit counselor and they discussed solutions to his and Sue's credit problems. The credit counselor helped them establish strategies to put their poor credit behind them. They even laid out a game plan on obtaining financing to purchase a new home.

With an auto repossession, collection accounts, and dozens of late payments, Bill and Sue were hopeful . . but not very optimistic.' Never the less, they agreed to a program design to help them.

To their amazement, several of their delinquent accounts were reporting clear of derogatory information within just a few days. Collection accounts were negotiated down to less than 50% of amounts owing. Within a few months, Bill and Sue were given a clean bill of credit health.

Bill and Sue were able to buy their dream home with an incredible low down payment of only 3% and an interest rate that made their mortgage payment close to what they were paying in rent. They were finally "home owners".

BILL & SUE'S STORY IS NOT THAT UNUSUAL. HARD. LUCK IS NOT HARD TO FIND.

Gary and Jill had medical bills that they thought they would never recover from. Bob thought that his bankruptcy would be a problem forever. John and Mary's divorce created financial problems they thought would ruin their future.  What they all had in common was that they wanted to buy a home and nobody would let them. They all called us and asked for help. In each case, their future included the purchase and affordable financing of a home, and a credit rating to be proud of.

If you are suffering from a poor credit history, I would encourage you to call us and let us help you, too. Together we will find solutions to your credit problems. Your dream of a new home or a low interest rate home loan doesn't have to be ruined by the nightmares of your past.

Call us. Let's talk about it. We look forward to helping you.

P.S. We can also discuss alternative strategies to "home buying with damaged credit" that include AITD's, lease options, assuming loans subject to the existing financing, seller financing, land sale contracts, and other creative financing opportunities that can enable you to purchase a home regardless of your current credit rating.  You don't have to accept no as an answer. If this is something that you really want. It can and will happen. Call us today and we'll find out how we can make it so.