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How to Buy a Home With Bad Credit

April 8, 2014 by  
Filed under Blogs, Credit Repair

by: .

improve your credit scores to buy a home

Owning a home is one of the most rewarding experiences you can ever have. But, the home buying process can seem confusing and even intimidating, especially if you have bad credit.

So let’s take a look at the home buying process for someone with less than perfect credit and the steps they will need to take in order to buy the home of their dreams.

Fix Credit
Your credit repair professional will go over your credit report and help you maximize your credit scores. Through the removal of derogatory accounts and proper optimization, your credit scores increase and take you a step closer toward your goal. With your new and improved credit, you’re ready to move on to the next step.

Get Mortgage
Once your credit is in order, a mortgage professional will help you get pre-approved for a mortgage. They will take your income, assets, and credit score into account while determining the maximum loan amount that you can qualify for, as well as your interest rate and monthly payment.

Find a Home
Once you’re pre-approved for a mortgage, a realtor will help you find the home of your dreams, within your budget. This is the fun part, driving around looking for your own little piece of heaven.

The Closing
Once you find your home, your mortgage professional will finalize your mortgage paperwork, process your loan, and get you to the closing table where you get your keys.

Get Started
CreditFirm.net has helped countless families improve their credit and achieve the dream of buying a home. So stop dreaming about buying a home and start doing something about it. Get on the path toward buying a home by enrolling with CreditFirm.net today.

 

Why Choose CreditFirm.net?

Assurance. Our Credit Repair process was developed by experienced attorneys.

Speed. Documents are typically processed and sent out for investigation within 3-5 days.

Support. Award winning customer service guarantees your satisfaction.

CreditFirm.net Review

Getting Your Credit Ready To Buy A Home

December 5, 2013 by  
Filed under Blogs, Credit Repair, Real Estate

by: .

With interest rates and home prices so low, and rental prices so high, you may finally be considering buying a home.

And although purchasing a house is one of the best investments you can ever make, getting a mortgage in today’s economy is becoming more and more difficult.

Buy a home with better credit

So how do you get your credit ready to buy a home?

Here are 4 tips to help you improve your chances of getting a mortgage within the next 12 months.

1. Pay your bills on time.
Payment history makes up 35% of your credit score, and although you may have had past issues with paying your bills on time, stringing together a full year of on-time payments will show lenders and creditors that you have made a commitment to get your finances in order. The greatest benefit of paying your bills on time will of course be to your credit score.

2. Limit your inquiries.
Inquiries account for approximately 10% of your credit score and having too many of them will lower your credit and make it a lot more difficult to obtain a mortgage. So make a commitment to stop applying for credit for a period of 12 months. This means no new cell phones, credit cards, or any other loans where your credit will need to be checked.

This may not be the easiest thing to do, but consider that after just 12 months, you will be in a prime position to get the home of your dreams.

So practice some self control and don’t incur any new inquiries.

3. Pay Down your Debt.
If you have debt, whether it is credit card, auto loan, or personal loan, you need to reduce it.

Approximately 30% of your credit score is calculated by how well you manage your debt and ideally, your credit utilization rate (the ratio of your debt balance to your overall credit limits) should be at or under 20%. (Example: If you have a credit card with a $1,000 limit – your balance should never exceed $200.)

Also, under new lending regulations, consumers who attempt to get a mortgage will need to have a debt-to-income ratio of 43% or less. This ratio will include the potential new mortgage payment.

This means that at the max, 43% our monthly income will have to cover all of your debt payments, as well as your mortgage payment. And the only way to lower your debt-to-income ratio is to either increase your income or decrease your debt. Considering the mortgage lender will be looking at your average income over the last 2 years, paying down your debt may be the only realistic way of lowering your debt-to-income ratio.

4. Fix your Credit.
If you have derogatory accounts in your credit reports that are lowering your credit scores, they will need to be addressed. Fixing your credit is quite possibly the most financially rewarding investment that you can ever make. But make sure that you do your research before doing it yourself or hiring a credit repair company to help you. Here is an article which will help you get started to fixing your credit.

Follow this short guide to get your credit ready to get a mortgage, and you’ll be a homeowner in just 12 short months.

 

Why Choose CreditFirm.net?

Assurance. Our Credit Repair process was developed by experienced attorneys.

Speed. Documents are typically processed and sent out for investigation within 5 days.

Support. Award winning customer service guarantees your satisfaction.

CreditFirm.net Review

What Makes Credit Firm Different?

November 19, 2013 by  
Filed under Blogs, Credit Repair

by: .

So you’re looking to find a way of repairing your bad credit.

You’ve probably seen more than a few ads from credit repair companies and most likely even gone to quite a few of their websites. After a while, all of the credit repair services start to blend in and look alike.

They all say that they are the best, the fastest, and that they are true experts in improving bad credit scores.

But lets be honest, lets take away all of the self promotion, the marketing, and suddenly, all of the credit repair services are exactly the same.

Read on to find out what makes us different.

Here are 3 reasons to hire CreditFirm.net to fix your credit.

1. Comprehensive Credit Repair

We utilize every tool, tactic, and procedure the law gives us. Including credit bureau challenges, creditor intervention, debt validation, permissible purpose verification, procedural compliance verification, etc….

While most credit repair companies typically limit their services to nothing more than credit bureau challenges, we offer a full array of services to address ALL of your credit repair needs.

2. Frequency

Although most credit repair companies charge monthly fees, the frequency at which they correspond with the credit bureaus and creditors are typically limited to every 90 days.

CreditFirm.net engages the credit bureaus and creditors every 30-45 days (the maximum frequency allowed by the FCRA) to speed up the credit repair process for you and help you reach your financial goals 2-3 times faster than other companies.

3. Price

Our low monthly fee of $49.99 makes us the lowest priced credit repair service in the industry. You wont find another company which performs all of the work that we do, at the speed we work, at any price, let alone $49.99 a month.

We deliver the most comprehensive credit repair service, with the most frequent challenges, at the lowest price.

Short, sweet, and to the point.

Are you ready to find out the difference good credit makes?

7 Steps to ReBuild Your Credit

October 29, 2013 by  
Filed under Blogs, Credit Repair

by: .

seven steps to improve credit

Ever since the financial crisis of 2008, consumer’s credit scores have suffered an unparalleled drop.

Given that your credit score is used to determine whether you can get credit, what interest rates you pay, the amount of your insurance premiums and even your ability to get a job, you cannot overlook the importance of your credit any longer.

Here are a few steps you can take to improve your credit.

1) Catch up on your bills.
Payment history accounts for 35% of your credit scores, with the last 6 months carrying the most weight. The first and most important step to improving your credit is paying all of your bills on time, every time. A recent late payment can drag your credit score down by as much as 120 points.
Tip: If organization is not your forte, setup automatic bill pay with your creditors to make sure that your payments are always on time.

2) Re-Build your credit.
Rebuilding your credit is a very important part of any successful credit repair program. Because a large amount of your credit scores are calculated by how well you use your credit, it is imperative to begin rebuilding as soon as possible.
Tip: Secured credit cards are a great way of rebuilding credit. You will have to provide a deposit, but you will also have the opportunity to prove that you’ve turned over a new leaf and become more responsible. You can read about the differences between secured and unsecured loans here.

3) Keep your credit card balances low.
The balances you keep on your credit cards account for a large chunk of your credit scores. Maxing out your cards will drive down your credit scores, so keep your credit card balances at a 30% utilization rate or less.
Explanation: Your utilization rate is the ratio of your balance divided by your credit limit.

4) Keep your oldest accounts open.
About 15% of your credit score is the average length of your open and active accounts. Closing old accounts may shorted your average length of credit history and lower your credit scores.

5) Limit your inquiries.
An inquiry is a record of you applying for credit. Don’t apply for credit more than once every 6 months.

6) Fix your credit reports.
Hire a reputable credit repair service to help you leverage your consumer rights under the FCRA and go after your creditors, collection agencies, and credit bureaus. A credit repair service will help to make sure that your credit repair process is compliant with all state and federal laws, as well as without delay.

7) Track your progress.
Credit monitoring sites are a great way of getting constant updates on your credit. But they can get rather expensive. Thankfully, there are some great FREE tools which you can utilize to track your credit.

You can obtain your free credit reports at www.annualcreditreport.com

You can get access to free credit scores and free credit alerts at;

 

Why Choose CreditFirm.net?

Assurance. Our Credit Repair process was developed by experienced attorneys.

Speed. Documents are typically processed and sent out for investigation within 5 days.

Support. Award winning customer service guarantees your satisfaction.

CreditFirm.net Review

Is Credit Repair Right For You?

October 22, 2013 by  
Filed under Blogs, Credit Repair

by: .
Credit Firm

The Dream

I wish I could have good credit. Does that sound familiar?

You’re not alone. Thousands of people have wished the same thing.

Most likely, you’re reading this because you want to have good credit so that you could buy a house, get a car, high limit – low APR credit cards, etc… Maybe you’ve always had the dream of having good credit, but don’t know if it’s realistic or even possible.

You know there are lots of scams out there but might have also heard that credit repair is a legitimate way of improving your credit.

Well, it is, and the purpose of this letter is to acquaint you with whats involved in credit repair so that you can determine whether it’s right for you.

If you discover that it is, the information at the end of this letter will show you how to get started so that this dream can become a reality for you.

Okay, let’s get to the questions.

What is credit repair?

Short answer; Credit repair is the process of improving a consumer’s credit report and credit score.

Long Answer; This is done by removing derogatory accounts which are found to be unverifiable, incomplete, incorrect, erroneous, misleading, or biased. Credit repair also refers to the process of increasing a consumer credit score by optimizing the variables which are used to calculate the score itself.

Bottom line: Credit repair is a way of fixing your credit history and increasing your credit scores.

If credit repair is so great, why isn’t everyone doing it?

There are lots of reasons. Following are 3 of the most common.

  1. They think all credit repair is a scam because they have been scammed or simply don’t know their options.
  2. They experience information overload and are unable to choose or focus on one effective avenue of credit repair.
  3. They have unrealistic expectations, and when they are not met quickly, they give up.

You may see yourself in one or more of these groups. But don’t despair, there are solutions for all of these situations. We’re going to address them one at a time.

Reason #1: Scams and misconceptions

There really are legitimate ways to fix your credit, but because scammers have made such a mockery of the credit repair industry, it is often viewed in a dim light. In fact, sometimes I don’t even like to tell people what I do because there’s often an awkward pause before they stammer. “Oh, that’s… nice” followed quickly by “So, how about this crazy weather?” I can almost see what they’re thinking: “I thought he was too smart to get tangled up in those credit repair scams… I guess he got desperate.”

It’s my aim to educate my family, friends, acquaintances, and consumers about credit repair, but it’s a slow process. Those who have come over to the “Dark Side” actually become enthusiastic about what I do. They want to start doing it themselves.

Once you’re able to sort the good from the bad, it becomes clear that in spite of its’ damaged reputation, credit repair is actually a completely effective way of improving your credit.

Reason #2: Information Overload

There are so many different things that you can do to improve your credit and so many different ways to do it, it’s not surprising that a person investigating credit repair only gets more and more confused the more research they do. And no matter what they read, there will be a conflicting point of view from someone else who says their way is best. Whom do you believe?

There are basically two ways to figure that out. One is to spend several months – maybe years – simply reading everything you can get your hands on, knowing that eventually, the cream will rise to the top. You’ll learn who is respected for their methods and ethics and who is just in it for the quick buck and doesn’t care who they cheat or mislead along the way.

But that takes time. It took me a full year to get a handle on who I should listen to for sound advise.

The other option is to hire a credit repair company to assist you in improving your credit. This is a lot less time consuming, and you don’t have that worry in the back of your mind that you’re on a wild goose chase.

Which way is better? Well, they both have their pros and cons. If you have time to research on your own, go for it! Free can be good, and you will certainly learn a lot.

The down side, in addition to the time factor, is the fact that along with the good, you’ll pick up some ineffective or wrong methods which you will have to unlearn as you get more experience. But some people like to go it alone and that’s their prerogative.

What I and many others recommend, though, is to get some sort of help from an expert, whether by purchasing a course or hiring professional credit repair company to take care of the legwork for you. This requires a small investment, but when you consider that time is money, going this route will undoubtedly pay off much earlier.

Reason #3: Unrealistic expectations

Again, scammers have had great influence in this area. They exploit people’s desire or need to fix their credit RIGHT NOW by making them believe that hundreds of points will magically appear in their credit reports, lifting their credit score to perfection after they punch a few keys.

Well, it doesn’t happen that way. Can you increase your credit score? Sure, if you’ve put in the hard work first.

Credit repair is not a quick fix. Those who get into thinking it is, will be sorely disappointed. And unfortunately, this is a big majority of consumers.

People want to believe that there’s a quick fix for everything, and scammers pray on that desperate hope. Even those who may not be outright scammers do this by making unrealistic promises. In a few minutes we’ll talk about what’s realistic and what’s not.

How long will it take to fix my credit?

If you work at it consistently or hire a competent company to do so on your behalf, you should see positive results within 3-6 months, but it likely won’t be enough time to get you to a good credit score. That’s not to say that you will necessarily be able to reach a good credit score at the one year point either; this is just a very loose estimate of the time it would take most people to make a somewhat significant impact on their credit.

Everyone’s circumstances are different, and so is everyone’s idea of what constitutes “good credit”, so there are no hard and fast rules here. There are way too many variables to give a one-size fits all answer.

Is it hard to learn?

The concepts aren’t at all difficult, but it does take hard work in order to succeed.

How much effort does it take?

Credit repair takes work, just like any other job or business. However, it’s not like you have to give up eating or sleeping to do it, especially if you hire a legitimate credit repair company to take care of all of the legwork for you. Having said that, if you do decide to go at it alone, be assured that if you treat this as a real job, work hard, and persevere, you will do quite well.

Maybe you would simply like to increase your credit score 10-20 points, it’s very, very doable. Maybe your goal is to increase your credit score 200 points, that will take more work, but, it is still very realistic, IF, yes I’m saying it again, if you treat it like a real job, work very hard, and persevere.

Beyond that, well, you’ve probably seen claims of people raising their credit scores 300 points in 30 days. Are they telling the truth? Probably not.

What are my chances for success?

Let’s be real here: The majority of people who begin fixing their credit on their own will never reach their goals.

Why? Because credit repair doesn’t work? No. It’s because they don’t have realistic goals and/or they don’t persevere long enough.

But you are different; I can tell because you’re still reading this. If you can hang on through my incessant babble, persevering through credit repair should be a cake walk.

If you are truly as convinced, as I am, that having good credit is worth the time and effort, you won’t give up easily, and you will reap the rewards of good credit.

But if you think that credit repair is a secret, magical, “easy” button, then you’re not likely to do what it takes to succeed, and your results will never meet your expectations.

Or maybe you’ll give it a good solid month of effort because you know you can fix your credit this way, but then quit in frustration because of a few obstacles.

That would be a real shame, because one month is nothing.

This is a common result for lots and lots of consumers. They don’t work hard enough or persevere long enough to attain their goals.

I don’t have much money to invest.

What will it cost to get started?

That’s one of the best things about credit repair, it takes very little to get started. In fact, if you decide to fix your own credit, it’s possible to do it without spending anything at all. Although I believe those methods are a bit risky for someone just starting out, you don’t want to make your credit worse. Just don’t forget, do your research, treat it like a real job, work hard, and persevere.

Then there’s hiring a credit repair company, which you’ll need if you decide that you’d rather spend the next year of your life improving your credit rather than researching.

CreditFirm.net is a leading provider of credit report repair services for consumers within the United States. Established in 1997, we have helped over 80,000 consumers in all 50 states improve their credit reports and increase their credit scores. CreditFirm.net is a licensed and registered credit services organization with an A+ rating with the Better Business Bureau (BBB).

Click below to get started for only $49.99 per month.

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