Debt Elimination Success Seminar
I Hate Debt Homepage Section 1 A Look at Debt History of Debt Credit Card History Current State of Debt How You Got Into Debt Good Debt Bad Debt Business vs. Personal Debt Section 2 Dealing With Your Money The Two Step Plan Doing The Two-Step Step One Step Two The Paths Out of Debt 1- Create a Debt Payment Plan 2- Neogtiate Better Rates & Terms a.Consolidation Loans b.Consumer Credit Counseling Services 3- Negotiate Lump-Sum Settlements 4- Bankruptcy 5- The Easy Way 6- Win $1,000,000 Living Debt-Free Manage Your Money Make More Money Save Money SameMoney-MoreFun Stay Debt-Free You as a Business Section 3 Dealing With Your Creditors Alerts/Scams The Credit Industry Credit Industry The Fine Print The Secondary Debt Market The Debt Collection Process Original Creditor The Charge-Off Collection Agency Legal Problems Dirty Creditor Tricks Dealing with Debt Collectors Dealing with Debt Collectors Statute of Limitations Cease and Desist Letter Section 4 The Credit Report The Credit Report Credit Score Credit Repair Section 5 Dealing With Yourself The Critical Factor The Art of Prosperity The End of Failure Prosperity Coaching Section 6 Kids and Money Kids and Money How to Pay for College Section 7 Debt Information Bookstore Debt Facts Radio Show Resources About Us Privacy Policy Site Map If you find this information helpful I ask you to contribute to help me help more people. You can contribute through PayPal by clicking on this button Or you can mail in your contribution.	The Credit Score How your credit score is determined is top-secret! No one knows how it's figured. Okay, there are about two people who know, but they're not telling. By having your credit history compiled into a number, you and those checking on you, can more easily understand how your credit history compares to others. Individual lenders and credit bureaus have their own formulas. With Equifax it is called a beacon score, with Trans Union it is called a empirica score and with Experian it is called a FICO® score. While the exact formulas are secrets this much is known. Approximately 35% of your score is based on you bill paying habits. 30% is based on how much you owe vs. how much credit you have available. 15% of you score is based on how long you have managed your credit. 10% is based on the mix of credit you have. Having a mix of types of credit is seen as good. Only 10% is based upon your pursuit of new credit. FICO® What’s a FICO® score, you ask? A FICO® score, developed by Fair, Isaac®, is the credit score used by creditors to determine your credit risk. If you want to improve your credit report it's important to understand how to improve your FICO® score. You can now find out your FICO® score and learn how to improve it. Know your FICO® score and get the interest rates you deserve Understanding and Improving Your Credit Score Here is a great article written by Andrea Villarreal from Better Scores Better Rates. It will help you understand your credit report and imporove your credit score. Read Credit Tips Other Credit Report Issues Under Reporting Your Good Information Here's a little trick your credit card company may use to make you look less attractive to other companies. They will simply not report your credit limit. So what? Well the ratio of how much credit you are using to how much you have available is an important factor in determining your credit score. It's 30% of your entire score. So if your credit card company doesn't tell the credit bureaus what your credit limit is then when Fair Isaac calculates your score they will substitute your highest reported balance for your credit limit. This in many cases makes it look like you are closer to being maxed out than you really are. This lowers your credit score. And that makes you less attractive to competing credit card companies. Of course it also means you'll pay more for a new home mortgage, your insurance rates may rise, and you may not get hired for that dream job. Other that that, it is probably no big deal. Identity Theft Because of identity theft (it's happened to me) you must be aware of what's on your credit report. You should get a copy of each report at least once a year. Thieves have been known to open up accounts in their victims name and make small purchases and pay the bill. Why? So that they can build up the credit limit before they go for the kill. If you see any irregular activity on your credit report you must report it immediately. There's only one way to know if it's there - you've got to look. Pre-Approved Credit Offers Ever wonder where the credit card companies get the information about you that they use in those pre-approved credit offers? Hey, you guessed it; they get it from the credit reporting agencies. If you want to keep getting informed of various credit opportunities you need do nothing, they'll keep on coming. But if you'd like them to stop, pick up your phone and call the automated Opt-Out Request Line at 1-888-567-8688. The Fair Credit Reporting Act A little help, please! In 1970 Congress passed the Federal Fair Credit Reporting Act to protect the consumer from credit reporting abuse. It requires that your information be accurate, complete and verifiable and gives you the right to challenge and have removed information that is not accurate, complete or verifiable. Here's the full text an an online brochure Make The Law Work For You It's up to you to make sure your credit report is accurate. Not only can you challenge the information on your report but you can file a complaint against those reporting it if they don't obey the law. Need to file a complaint? File it online here	More Credit Report Links The Credit Report Credit Score Credit Repair Your Free Credit Report The History of the Credit Report Credit Report Tips Credit Repair Scams Credit and Your Career Consumer Alerts for D.C. Credit Services and Camco Some collection agencies has started reporting old debt as new. Find out more here and here's a letter that you can use to file a complaint if this has happened to you. Books on Credit Repair Read the transcript of Andrea Villarreal from Better Scores Better Rates’ "I Hate Debt" radio show interview. Improving Your Credit Score 1 Improving Your Credit Score 2 Listen to Andrea R. Villarreal from Better Scores Better Rates’ “I Hate Debt” radio show interview. Segment 1 Segment 2 If you're looking for help try the Credit Secrets Bible™ Don't let bad credit cost you money. Fix it!

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