Want Sexy-Credit Like The Jones’?

If you're being honest with yourself, then your' response is 'Humm Yes.... Yes and all their stuff!

Well, what appears to be good on the outside may not be what's actually happening on the inside for the Jones, or the Jolie-Pitts. The very people you might be trying to keep up with are probably in need of some financial help themselves. 

To avoid the entire Jones' mess is to NOT live beyond your means. In short, we must really think about if we are living in the Celebrity-Factor Bling Bling Credit Reality or the Me-Factor No Bling Credit Reality. 

Good credit is great to have whether rich or financially challenged. Based on my financial expertise and client experience some of my top investors will always leverage their credit vs their cash. And if you think about it, why wouldn’t you do the same? Well, the major difference is this, even though some of these investors will leverage their credit first, they do so with a small caveat that they will NOT step outside of their means while leveraging large segments of their credit portfolio. Most, if not all, will factor in what they can afford with their budget FIRST and then proceed to create their lifestyle around their credit financial reality vs trying to recreate the Jones' financial credit reality for their lifestyle. This does not include what you can afford if you work overtime or if you borrowed money from someone to make your monthly payment nor does it mean to find a way to get Peter to pay for Paul scenario. It means, if you can afford what you’re trying to buy, you should never think in terms of what if you do 'this' to see if you can do 'that' in order to make your monthly payment(s). Instead you should be thinking of everything that would hinder you from being able to comfortably make that payment. We have to be smart about how we manage our financial lifestyle by creating a daily financial blueprint to eliminate the Jones' style syndrome in your life. Now if you have been trying to keep up with the Jones' and have ruined it for yourself, please read the basic steps "The Importance of a Good Credit Report" by Emmy's Greetings. At the very least, you will be able to begin identifying your lavish spending habits and how it affects your credit history and profile. Once you're able to adjust your mindset, you will begin to redesign the way you view your money which will inspire you to love the money you have now versus the Jones' money you think you have. Now if you are totally unclear as to where to begin, call me, vent; I'd be happy to help you and find a solution to any Jones' syndrome you may have.

Repair Your Credit

If you have found yourself in a situation where you have a bad credit score, you need to take immediate steps to repair your credit before it gets too out of hand.  Credit scores are determined on the information contained in your credit report, so you need to begin by getting a copy of your credit report and checking it over for errors.

If you find any errors, you’ll need to notify the credit bureau by mail enclosing proof that the entry is erroneous.  They will then review your request and are required to advise you within 30 days whether or not they are ruling in your favor.  You should always send an error notification letter certified mail with return receipt requested so you know for sure that they have received your letter.

If they have ruled in your favor, check your credit report again to be sure that the error has been removed.  Just a little correction of an error can be a big step toward the repair of your credit.  It alone can make your credit score rise.

After you have thoroughly inspected your credit report, the next step to repairing your credit is to start working on your debt.  You need to start paying down any credit card debt that you have accumulated.  Keep paying your mortgage or your car loan if you have either or both.  Be sure you pay on time and keep up to date without paying past the grace period you are given.

The best thing you can do for yourself when you are trying to repair your credit is to get rid of credit card debt and then don’t use credit anymore.  Well, at least use it sparingly.  If your credit card debt is too much for you to manage on your own, contact a debt consolidation company so that you can get a debt consolidation loan that will pay off all of your creditors and allow you to make just one payment instead of several.

There are also credit counseling center that can help you repair your credit.  Not only can they help repair your credit, they can help you make a plan so that you never get into credit trouble again.  That includes making a budget you can stick to and providing support if you find yourself in a situation where you might not be able to get out of on your own.

Take steps right now to repair your credit if it is less than perfect.  In the long run, you will find that it will be well worth the effort and the time that you put in.  Plus, it’s very satisfying to know that you are credit worthy!

Loans for People with Bad Credit

Is it possible for people with bad credit to get loans in their name?  You’d think not, wouldn’t you?  After all, people with bad credit have a history of not paying off previous loans which makes them bad credit risks – right?  They’ve gotten into trouble with credit before and there’s no place out there that will loan them money with a bad credit history – right?  Well, that’s partially right.

Actually, it is possible for people with bad credit to get aloan.  They might not be able to always get it on their own, but there are options available to those with bad credit.  The terms may not be attractive, and it certainly might not be easy, but it is possible.

The first – and probably most viable option – for people with bad credit to obtain a loan is to find a co-signer for the loan.  The co-signer must be a person with a clean credit history.  Basically, when a co-signer secures a loan, you both appear on the loan as responsible parties.  The co-signer is essentially telling the lending company that they will make sure you make your payments and if you don’t, they will.

Having a co-signer on a loan is tricky business, however.  Usually a co-signer is a parent, loved one, or close friend.  If anything goes wrong, the relationship between the two of you could go horribly sour, so if you are asking someone to co-sign on a loan with you, you should either be sure you can make your payments or risk damaging the relationship you have with them.

People with bad credit might also be able to secure a loan in their name from a lending company, but they are most likely going to have to pay a higher interest rate than those who have good credit.  For example, a car loan for a person with good credit can be obtained with a loan that has a financing rate as low as 4 percent in some cases.  A person with bad credit might pay up to 12 percent for the same loan.  As you can imagine, that means higher payments on the loan for the person with bad credit.

A secured loan is another option for people with bad credit.  Essentially, a secured loan uses the property you are borrowing for as collateral against the loan.  If you don’t make the payments, the property is repossessed.  Secured loans for people with bad credit are generally given for a vehicle which means that non-payment means the car goes bye-bye.

The good news is that if people with bad credit are able to secure a loan, they can rebuild their credit with timely payments and non-default.  That puts them on the road toward financial stability and a favorable credit report.

Is Credit Really A Necessity?

Anyone with good credit will definitely say “YES”!

Why? Well, for those who have good credit know they had to use-it 'wisely' in order to build it 'willingly'.

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Credit plays a major role in every financial discussion that takes place about your money. Especially when it comes to how businesses generate their revenue by charging specific interest rates when they extend their credit to credit worthy individuals.

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Keep in mind, credit discussions have enabled business for years to find ways to capitalize on 'credit deficient folk' by charging higher interest rates. If you look at our current global credit landscape and compare the credit crunch crisis, all of this stems from how business' extend credit to those that 'should' get it now versus extend credit to those that should have never gotten it in the past.

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I’ll put it to you this way, a couple years ago everyone and anyone working or not was able to get approved for a home loan. The 'credit challenged individuals' appeared as 'credit-worthy' since lenders found avenues to raise interest rates in order to make tons of money. It was a win/win scenario for everyone UNTIL the 'credit challenged individuals' started to default on high interest rate credit loans; and the horrific ripple affect began. Now, Lending Institutions/Banks have wised up, stopped extending credit to non credit-worthy borrowers and began cherry picking only A+ credit individual.

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Your creditworthiness is more than how many credit cards you have and it's more than the largest credit limit you have on one credit card. Your creditworthiness determines in many ways where you live, types of jobs will consider your employment worthiness and/or how you're treated in terms of your financial status. Credit isn’t something that shouldn't be taken lightly. Educating yourself on how to manage and maintain your credit lifestyle is the only way to stay on top of your finances. So, Is Credit Really A Necessity? ...…you can say that credit isn’t a necessity, but then again try to get a decent apartment, home, car or job with lousy credit and see if you have any issues. I am certain you will. In fact if you don't have any issues whatsoever please post your comments, I will be glad to read it and we can vent together!

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How To Tell Your Creditors They Are S.O.L!

Although each credit scenario is different...

...there are a few things to consider when trying to speed up your results to get a great credit score. The golden rule is to always pay your bills on time since this is the only true path to financial stability, except.... What happens if your credit debt is insurmountable to pay off while trying to pay your current bills on time? Some of you may think that the only way to get out of debt is to start paying back every single penny that you owe, however this is far from the truth. In fact, most companies will gladly settle a negotiated amount vs. nothing at all. This is where you must understand what SOL means. 


SOL means Statue of Limitation, and it will enable anyone to begin the process of leveraging how to negotiate your debt effectively in your state. Statue of Limitation or SOL simply means it's the amount of time, set by your state, that determines how long any company can file a claim against you to collect on debt that is owed to that company; or in layman's terms, 'it's the amount of time a company can sue you for what you owe them'. A lot of people are unaware of the Statue of Limitation (SOL) in their state, which can hinder even the best of intentions with trying to erase mounting debt. In short, since some are unaware of the SOL's Laws are in their state, companies are prone to take advantage of one's rights and proceed to bypass SOL Laws by collecting on a debt that they have no legal right to. For those companies that bypass SOL Laws, keep in mind, they generate millions out of this scam. Also keep in mind, for those individuals that continue to do the right thing by paying every single penny owed this scam becomes a painful wake-up call especially when one’s SOL has expired in their state and that same debt is still being reported on your credit profile for up to seven years. 


For starters, my recommendation is to have your credit report evaluation done immediately BEFORE you start to pay off any bill that is considered late. Simple Credit Online will gladly evaluate your credit report for anyone at no cost. Second, after your credit profile has been evaluated, we will begin to utilize SOL Laws in your state as leverage by creating for you an effective blueprint to settle your debt for pennies on the dollar and then we will give you options with how you can begin to invest the difference of what you would have paid so that you can jumpstart your ability to generate revenue or make money on the debt you once owed. Lastly, please empower yourself and read this article called "Statute of Limitations on Debts". Please don't take my word at face value by only reading this insider blog report. Please take the time and educate yourself with the TRUTH. The truth will enable you to make informed decisions for you and your family; which will help you determine with 'whom' you should trust and why you should trust them. If you need to vent or if you would like for me to pull your credit report or if you want to do both, please feel free to contact me anytime. I am here for you!

Have You SEEN Your Credit Report?

It’s quite shocking to find out how many people are afraid to see what's on their credit report.

Yes, you are not alone if you have yet to venture out to see what's on it. Now, the real shocking truth is finding out that there wasn't anything on it that might be considered horrific. But then again, we all have our own definitions about what's horrific or not when it comes to translating one's credit report.

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I recently spoke with someone that was curious as to the type of business I was involved in. I disclosed to this person how I help people rehabilitate their credit profiles. And as we continued to speak I asked him when the last time he looked at his credit report was and I chuckled a bit when he replied, "Why look at your report when you know it’s bad!”

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For the most part, he shares the same common sentiment the majority of the population feels. Our laugh broke the ice for him to feel at ease for him to pull his credit report and I began to show him why he shouldn't fear what was in it. All in all, his report wasn't bad nor was it horrific. All he needed was to focus on a few simple areas and his credit score would increase.

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This wasn’t the first time nor will it be the last time someone has shared with me how they have never seen their credit report. I've concluded that it's hard to see the cold hard truth with how our relationship with our money was like in the 'past'. In short, credit reports are personal. It is a personal snap-shot as to how we treated our money in the past. It is the tale of one's personal financial affair in vivid color. Which in turn creates the need to either hide or put on a mask if we 'know' we weren't good with our money therefore we 'think' our report will tell the tall tale. It may or it may not tell a tale or two but it's having the courage to see what tales are being told, which will give you a running start to either correct, modify or dispute any errors that can hinder your ability to move freely in a credit society.

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When it comes to NOT pulling your credit report keep in mind it is what you don’t know that could possibly hurt you.

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It’s true that your credit report can be confusing at times, however if you take the time to consult with trusted professionals, like myself, I am certain everything can be explained clearly, fairly and easily. It’s quite easy to access your credit report online and in the privacy of your home. I recommend pulling your report first before speaking to a credit specialist so that you can see what's on it and determine what items you understand and what items you don't understand.

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Always keep in mind this very important fact, as we discussed last week, credit is a necessity and having good credit is the deciding factor when it comes to purchasing a home, qualifying for a job, insurance premiums, car loan approvals, and many others. Don't be in denial, have the courage to pull your report and then do a jig for taking the plunge!

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Credit Repair Self Help

When it comes to credit repair when you have found yourself in a bad credit situation, self-help might be the best route for you to go.  It seems we are bombarded daily and often with companies who claim that they can help you repair your credit for a small fee and you won’t have to worry about it at all.  However, the truth is that self help credit repair is not only possible, but really the way to go.

It isn’t as difficult as many people might think going about repairing your credit yourself.  In fact the newest trend in credit repair actually the self help road.  All you need to do is start by pulling a copy of your credit report from all three credit reporting bureaus:  Experian, Equifax, and TransUnion.  You are entitled to one free credit report per year thanks to passage of the FACT Act.  The other two, you’ll have to pay for, but the fee is usually small – between $10 and $15.

After you get your credit reports, the next self help step is to go through those reports and check to see that the information is accurate.  Most of the time, there are going to be errors of some type.  These errors can vary from a past due account that has been paid off to a debt that wasn’t yours in the first place.

If you find errors, you need to contact the credit reporting agency both by phone and in writing.  You’ll be asked to provide proof of the error and then they, in turn are required to notify you in writing of their decision to either remove it from your credit report or leave it due to insufficient proof.  Be diligent in this endeavor.  An accomplished self help credit repair program entails being aggressive when it comes to your information and the accuracy of that information.

Another part of a self help credit repair program includes the development of a long-term plan that will help you keep your credit use under control and a plan for not getting into credit problems again.  Sure, credit counselors can help you do this, but why pay the money and take the chance that you are dealing with a less than reputable company?

Do a little research and you’ll find that there is plenty of information available on the Internet as well as software programs that can help you with your self help credit repair program.  Repairing your credit yourself requires a commitment on your behalf, but in the long run, you’ll be pleased with the results – and knowing that you did it yourself!

Bad Credit Mortgage Loans

You want to own your own home, but you have bad credit and are having trouble obtaining a mortgage loan.  Is there anything you can do?  Initially, you would think not, but actually, there are ways you can get a mortgage loan when you have bad credit. 

There’s no use wondering what happened to get you into a bad credit situation.  Life happens.  And when it does, sometimes your credit can suffer.  Just because your credit isn’t perfect doesn’t mean that you should miss out on the opportunities available to everyone else.  See, there are companies that actually understand this and they specialize in bad credit mortgage loans that can get you the money you need to buy a home and stop paying rent!

These companies offer many different types of mortgage loans for people with bad credit, but like other companies like these, the loans are probably going to be at a high interest rate, so you’ll want to thoroughly check out all programs available to you.  If your payment is going to be too high, you’ll want to steer away from those loans or else you’ll get into more problems.

The Federal Government even knows that people with bad credit can still pay a mortgage and they are willing to help out with government subsidized loans like FmHA that is a mortgage loan based on income.  Actually, these types of mortgage loans are perfect for people with bad credit because it gives them not only a home, but a payment they can afford and the chance to rebuild their credit.

FmHA mortgage loans are perfect for people with bad credit.  They have strict guidelines that they have to adhere to as far as what types of homes will qualify and the paperwork is heavy, but in the long run, it’s certainly worth it.  So many people dream of owning their own home but think that they can’t get a mortgage loan because they have bad credit. 

The key here is to do your homework and look around for a mortgage company that specializes in mortgage loans for people with bad credit.  There are companies out there that will offer up credit to you albeit at larger interest rates than a regular mortgage, but the important thing to remember is that it is possible.

Having bad credit doesn’t mean you can’t get a mortgage loan.  It just means that you’ll have to do a little more work finding a company that will work with you.  Owning your own home isn’t out of reach just because you have bad credit.  It can happen, so dream big and start today!