CCFG Personal Finances

Military Star Credit Card

2009-07-02T18:24:00.002-05:00

Military Star Card

The Military Star Card great benefit for our Military. You May not know, however that, if you do not pay it, the payments will automatically be deducted from your Military pay. No lengthy legal procedures, no notice, just a quick pay drop. Surprise!

If you remain active duty, the Military Star card will be paid, one way or the other. We have not seen the aftermath of this on those not in active duty, but it is probably about the same.

If you have been discharged, it may be an item that can be included in bankruptcy proceedings, or a possibility for debt settlement, but if you remain in the military, keep making your payments! The Government will be paid one way or the other, and doing it on their terms is not the best way to do it.

We have also seen Government collections reported on "overpayment" made to military members, even if these payments were refunded before the collection was reported to the credit bureaus. Once the process starts, it seems to be hard to stop.

CCFG Credit Repair has cleared up lots of these items for clients, not to mention the Tri-Care medical collection messes that happen. What can we do for you?

Sutdent Loans: Deferrment, Dismissal

2009-07-02T18:16:00.002-05:00

Student Loans

If you are behind in government guaranteed student loans, there are ways to “catch up” or re-establish and get back in the good graces of the lender. Contact your student loan provider to start that process.

If you consolidate your open loans, it is common for the old loans to show a balance due after the consolidation, as well as the new loan reporting. Your debt has appeared to have doubled. That error can, and should be fixed. Be pro-active, check your reports, and make sure that they get this right. It can be a nasty surprise when suddenly you have double the student loan debt on the same income. Your DTI ratio has dropped considerably, and your chances for new loans have dropped as well!

If you are thinking of defaulting on those student loans altogether, there are really no good ways to do that. The government will keep your tax refunds, forever. If that does not work out, being the government, they will actually garnish your Social Security or SSI checks. They are going to get you for as much as they can. You cannot get out of government backed student loans by Bankruptcy or Debt Negotiation.

There are two ways out of government backed student loans; Medical Dismissal is one of the ways. There is a lengthy and time consuming process, but with a proper medical certification, you can actually get those student loans written off. The other way out of student loans is death, and I am not sure that your estate would not be held liable, as the IRS settles the books on your life. Estate taxes are a fact of life, and it stands to reason, that if the IRS holds your tax refunds for decades, they would wreck your estate as well.

The process seems to work like this: You default on the payments to the lender. Sallie Mae gets upset as she gets the loan back via guarantees. Then Sallie Mae gives up on you, and it tends to come back to the State Regents or Higher Education Board. They obtain wage garnishments to try to collect the balance forever, as well as the IRS, who then grabs as much of your estate of it possibly can.

CCFG has cleared up the aftermath of hundreds of individuals who had gotten behind in their student loans, as well as several who actually were in garnishment at the time. What can we do for you?

Debt relief- only way to get out of a financial stalemate

2009-06-23T09:09:00.002-05:00

Debt relief- only way to get out of a financial stalemate

Opting for debt relief is probably one of the ways to get out of a financial stalemate. If you have not been very kind to your finances, chances are high that your finances will boomerang on you with full vigor. This can be very painful and takes away your sense of reasoning. It tends to draw you in a vicious cycle of debt. It is found that you are taking on additional financial burden to manage your existing debts. This is indeed a frightful situation. It can make you bankrupt too. So, before you reach a point when you are left with bankruptcy as the only option of debt help, start taking debts seriously.

Are you undecided about debt relief option?

The debt help industry is flooded with various debt relief options and it is not very difficult for you to choose the debt help option that will help you to get out of debt. If you are unable to decide which debt relief option will be best for you, take help of a financial advisor or a credit counselor. Credit counselors are gaining increasing prominence as they have helped many debtors get rid of debt. They usually evaluate your financial situation first. The factors that are taken into consideration include your monthly income, your recurring expenses that also include your other debt obligations. Once this is done, credit counselors will suggest the debt relief option that will help you to get rid of debts.

What are the different debt relief options?

The credit counselor may suggest the following options of debt relief –

Debt consolidation
Debt settlement
Debt management
Bankruptcy

Whether it is debt consolidation, debt settlement or debt management, the main aim of these debt relief programs are to enable you to manage your existing debts more effectively so that repaying debts is no longer a troublesome and cumbersome process. If you are not able to handle debts on your own, you can take help of debt relief companies. They will negotiate with your creditors for lowering the interest rate and monthly payments. You are also given a new repayment plan and you have to make payments as per the new repayment plan religiously.

If none of the debt relief options work for you, you are left with bankruptcy as the only debt help option that can get you out of debt. When you file bankruptcy, it is best to have a bankruptcy attorney who can represent you. If your income is less than the median income in the means test, you qualify for Chapter 7 bankruptcy. Alternatively, you can file Chapter 13 bankruptcy.

Foreclosure Options

2009-06-13T13:33:00.000-05:00

Foreclosure is the process of a lender recovering the mortgaged property after a lack of timely payments. Lenders don't really want your house, they have enough these days, they want income from the money they loaned out. They are looking at a lot of options these days:

Loan Modification can be the answer to you staying in your house. With professional help, you can: get a better interest rate, lowering your payments, have the missed payments rolled to the back of the loan, or have the balance of the loan lowered to reflect the current value of your house.

What is a short sale? A short sale is when the lender (or lenders) agree to take less than the mortgage balance and still release the property for sale, or re-write the loan to you. This process usually requires a competent real estate agent to prove to the lender(s) involved that the property simply will not bring what the loan balance is. You usually also have to prove that you can o longer afford the property due to some change in your life. You may still be held potentially liable for the difference between the loan balance and the sale price, but is becomes an unsecured debt. The lender benefits because your house is not in their foreclosure inventory until it sells. They have enough inventory these days.

Deed in Lieu of Foreclosure: You offer to "hand over" the deed to the lender rather than them going through the foreclosure process. You always want a "no recourse" short sale or deed in lieu of foreclosure. "No recourse" means that the lender agrees not to chase you for the balance due after the sale. No Recourse is the only way you want to go!

How does a foreclosure hurt a credit score? Everywhere. The original mortgage had late payments, a major hit. Foreclosure, in many states requires a Court Order, that means a Public Record hit. Then there is the write off amount that becomes a collection. From a Credit Score standpoint this is a major challenge, but CCFG has dealt with it before, and we can do it again. Foreclosure does not have to hold you back for 7 years, let CCFG speed up the clock for you too.

Debt to Credit Ratio

2009-06-10T11:23:00.000-05:00

Debt to Credit Ratio
Debt to Credit Ratio looks at your total current debt compared to your total available debt. This includes all loans that are reporting on your credit report. The lower your DTC ratio, the better, as it appears that you are not at your maximum borrowing capacity, with a bunch of new loans.

Some Examples:
Mortgage: Let’s say you had a $100,000.00 mortgage, and you now owe $20, 000. Your DTC is 20% in this area.
Installment: Let’s say you have two auto loans, each for $25,000, and they are both brand new, you have made no payments yet. Your DTC I this area is 100%

Credit Cards: Let’s say you have a card with an available balance of $25,000, and you have paid it off, but left it open, as we always suggest. Your DTC ratio here is 0%.

Total Debt to Credit Ratio looks like this:
Total Available: $100, 000 mortgage
$50, 000 installment (auto) ======== $175, 000.00
$25000 credit cards

Total Debt: $20, 000 mortgage
$50, 000 installment (auto) ======= $70, 000.00
$0 credit cards
Debt to Credit Ratio is calculated like this: 70, 000/175,000 = .4 multiply by 100 to get a percentage, and your DTC ratio is 40%

2009 Employee Federal Tax "Break"

2009-06-10T10:22:00.000-05:00

2009 Tax Break for Employees
This is a good one, and rather complex. From everything I have heard, the “tax break” was actually a re-writing of the withholding tables, not a tax refund. That means that your refund, if you typically get one every year, will be about $504 (36 weeks at $14 a week) less than it usually is. OK, so your refund is smaller, no big deal, you are paying the money back.
But, if you have calculated your exemptions closely on your W4, and you typically owe a little every April 15, there could be a problem. You could end up owing another $500 or so. Get with your HR department, and adjust your W4 exemptions accordingly.
Also, if you typically get large refunds, WHY? Let’s say you usually get about $1700 back every year. Now, we know about the $500 surprise, so we will deduct that. Now we have a $1200 refund every year. That is about $100 a month, if you put that into something as simple as a savings account, you would have $1200 plus interest at the end of the year, maybe about $1250 or so at today’s rates. If you do that for 30 years, at only a 2% return, that is $47598. After Taxes.
Typical stock market returns are a lot better, from Mid March thru early June 2009, the Dow is up about 35%. One Hundred Dollars in the Dow in March would be worth about $135 a few months later. Saving for you beats the heck out of Social inSecurity.

Mortgage Loan Modification

2009-06-03T13:21:00.000-05:00

Loan Mods, as they are known in the trade offer an opportunity to stay in the house, while avoiding foreclosure. Negotiations are made with the lender to change the terms of the existing loan.

About anything about the loan can be changed:
Loan term, lengthen the loan to cover those late fees.
Interest rate lowered, to drop the payment.
Interest rate lock, to prevent it from increasing.
Short Sale, to allow a sale for less than full balance.
Balance write down, much like a short sale, but you keep the house.

Many firms are in the loan modification business, and just recently entered it. It is best to find an Attorney Based Loan Modification firm to do the work for you. Attorney based negotiations offer better loan terms, and that is what you are looking for.

Free Credit Report

2009-06-02T13:06:00.000-05:00

There are a lot of sites out there trying to sell you a credit report under the guise of calling it free! There is one source to get your really free credit report, although the Bureaus still try to sell you YOUR score.

From our perspective, as long as there are negative items on your report, your score can be better than it is. These days, a score below about 620 does not matter, it might as well be 400.

CrediClear Financial Credit Repair and Restoration has turned a lot of 400 scores into 680's and better, maybe we can do that for you, too!

Annual Credit Report is really a portal with access to each of the three credit bureaus, you have to get each report individually.

Save them to your hard drive! They can be huge to print, and you only have access to each bureau once every 12 months.

Now, the web address for your really free credit report:

https://www.annualcreditreport.com/cra/index.jsp

About Wage Garnishment

2009-06-02T12:43:00.000-05:00

Garnishment....

A Garnishment is a court ordered seizure of typically up to 25% of your salary from each paycheck. A creditor takes you to court, and obtains a judgment to authorize the procedure.

An employer is legally bound to garnish your wages if they are notified by a court to do so. They may not want to, but it is not grounds for dismissal.

Usually, if you get legally served, you will have your wages garnished, so be prepared. If you were in financial trouble before, it will soon get worse, as you lose 25% of your pay check.

If you have multiple court cases, it is our understanding that there is a limit on the total amount that can be taken from your paycheck to pay debts via garnishment. In our area it is 25% total, if you have several cases, they have to "line up" one after another.

You must be served to be notified of the case pending. We have heard cases where the creditor's process server served the wrong person, (i.e. Joe Smith Sr, vs. Joe Smith Jr) who lived in another state. In most cases, process servers cannot serve a minor. If you can prove that you were not served, you can beat them in this case.

If you get your wages garnished, and quit or lose your job, the creditor can get a court order to seize any money necessary to cover the judgment from your bank account. They assume any money there came from you, even if it is a joint account. If you have a joint account with someone other than whom you were married to at the time the debt occurred, you may want to remedy the situation. If you have a joint account with a parent, for example, the amount in that account is at risk, even if the parent is the only person who actually deposits money into the account. Many people these days have joint accounts with people with people other than with whom they are married. In these cases, if you can prove that a percentage of the money seized came from someone who was not responsible for the debt, you can get that part back.

If the money in the account seized came from Social Security, Disability, Railroad Retirement, and several other specific sources, you are, in many cases immune to this type of account seizure. Do a bit more research to see if you fit into a category in your state, and prepare to file an appeal in court. Prove that the income came from another source than the person who was garnished, and you stand a very good chance of getting back your money from the people who took it in the first place.

How can you "beat" a garnishment?
That's a tough one. Unless your income is from a protected source, (see above, protected income sources are also garnishment immune), or you file Bankruptcy, you are stuck. If you have a job, or they can find a Bank Account in your name, you will pay. You may be ordered in for asset hearings, which determine where your assets are hidden. Missing an Asset Hearing can get you a contempt of Court citation, which in turn can get you an orange jumpsuit and "three hots and a cot" for a term. Asset Hearings are serious issues.

And, of course, by now your credit is a wreck. You have the original account, the collection account (usually real attorneys), and now the judgment will show up as an additions score "ding". We have seen it all before, and cleaned up the mess. We can do it again. At CCFG Credit Repair and Restoration, we are not attorneys. We do not offer professional Legal Counsel. We do, however, know how the world really works, and have learned from various situations that our clients have found themselves in over the years. We though we would share our education with you.

Divorce and Your Credit

2009-06-02T12:32:00.000-05:00

Pending Divorce??

Some Practical Advice

While we are not Attorneys, nor do we offer Legal Advice, CCFG offers the following guidance for those contemplating Divorce.

Look at your Credit Reports from each of the Three Bureaus, the Bureaus do not share information, so you need to review all three. You can get them free at annualcreditreport.com.

You are looking for any Joint or Shared accounts with your spouse, you may have forgotten a few over the years. Look for both open and closed accounts.

In the Divorce process, you need to communicate these accounts to your Attorney to make sure that there are provisions made for these items. If your Spouse gets the House, you want to make sure that they get you off the Mortgage as soon as possible. If your spouse gets the car, and it is financed in your name only, you want to make sure the financing is changed over to prevent your Credit Score from being damaged in the future, if whoever gets the house cannot mae the payments.

If there are old bills or collections from during the Marriage, you want to have an order specifying the responsibility shares of both you and your spouse. If an old collection goes to Court, and a Judgment is rendered years from now, you may find a Court Order showing that you are liable for half or none of the bill quite handy.

Divorce ..
OK, so it was too late for our advice!

A Divorce is usually a Credit Disaster. The process takes forever, and many times the Credit details are forgotten.
Any accounts that were held jointly can be a real problem. Let's say you were both on a car loan. Spouse 1 gets the car, Spouse 2 is responsible for the loan on it. Spouse 1 decides that there is no longer a need for insurance. Then it's lost, stolen, or totaled. Who is on the hook for the debt? Spouse 2 gets the debt.

Credit Cards can be jointly held, or one Spouse can be an Authorized User. Authorized Users cannot hurt the credit of the main card holder, they can just run up the debt until their card is canceled. Jointly held debt means either or both individuals can be held liable for the debt.

Lets demonstrate with Jack and Jill Hill, recently divorced.
They are about halfway through a 30 year mortgage, Jill gets the house. She is court ordered to refinance it or sell it within 2 years, to remove Jack from the debt. Jill is tired of mowing the lawn and fixing the house, so she plans to rent after she moves into an apartment. The late payments start, wrecking Jack's credit. After 2 years, she has managed to run up 18 60 day late payments on a mortgage. Jacks recourse is to take her to court for the damages, and call CCFG to clear up the mess. Real Event, not real names. You can change things around if you wish, lets say Jack got the house, and Jill was on the note. Jill paid all the bills, and Jack got lazy and forgot to pay the mortgage a few times. Let's say the house went into foreclosure. Jill was still on the mortgage. They both get a foreclosure on their records, and the late payments that preceded it. Jill has legal recourse against Jack, and needs to clear up her credit files.

If your ex-spouse files Bankruptcy, be ready to consult a attorney to do the same for you. Frequently, those old joint accounts will soon be knocking at your door to collect those joint debts from you. It happens a lot.

Credit Repair vs. Debt Settlement vs. CCCS: What's The Difference?

2009-05-24T20:53:00.000-05:00

Credit Repair, Debt Settlement, Consumer Credit Counseling:
What's the difference?

Credit Repair involves the removal from your credit report of things that cannot be proven belong to you, raising your credit score. These things include inaccurate, unverifiable information that drops your score. This covers an incredible range of items, check out the reply samples page or our YouTube site. Credit Score is the priority.

Debt Settlement and Negotiation involves paying off items from to your creditors at a reduced, negotiated rate with money provided by you for that purpose. Paying the debts is the priority.

Consumer Credit Counseling has a priority of paying the debts, not necessarily at a reduced rate, this means that those collections that have multiplied several times over the original debt cost you way more than they should.

Click here to see our program that offers both negotiated debt settlement and credit restoration combined, with free credit repair!

Auto Repo

2009-05-19T17:38:00.000-05:00

Dude, Where's my Car?

OOPS! OK, Here is what will happen. You have a period of time to recover your vehicle, usually quite expensive, but it can be done. Check with your lender, the time varies by state. Your "stuff" left in the car can be picked up at the repo lot, they will mail you a notice to the address on the registration or loan account. They usually lose the change in the ash tray, though!

This same scenario works for cars, trucks, boats, and rv's. Not quite sure how it works for aircraft.

Your Vehicle will be sold, usually at auction, but it may be priced, and put on a lot for sale. (many credit unions do the sale lot scenario)

It will bring less than what you owe on it, especially after fees and other costs are added to the note. The lender will then try to collect the difference from you, it will probably sell to collections as time goes by. This is now unsecured debt, they have no collateral (the auto sold). The balance can be settled and negotiated for less, or bankruptcy is an option for this as well.

A "voluntary repo" where you drop the vehicle off saves you the repo man fee, and that's about all. The impact on your credit score is the same. A repo is a repo!

The worst repossessions we have seen include a $9500 car repo'ed, sold, and then it turned into a $13k collection! Also, $32k cars bought, repossessed, and a $58k collection! All gone from the credit reports now! Thanks CCFG!

We have also seen $38k repos that now show on a credit report as "account closed, paid as agreed" Really!

Think you know what credit repair can't do with a credit report? Think Again!

They Say It Does not Work...

2009-05-19T16:17:00.001-05:00

They say it does not work.. why?

Let's say you are in the business of selling information collected on individuals, that has to be considered reliable, lending decisions are made from that data. Reliability increases the value of your product, you want to insure reliability. Information is not a tangible, it can be held and touched, but you cannot look at it to determine it's quality. You sell your information on reputation alone, as you have been dong for years.

Let's say that you have 2 competitors doing the same thing. Let's base our fictitious companies in, oh, PA, GA, and TX, just on a whim.

Let's say that someone had a means to manipulate the data, making that data less reliable.. either better or worse than it originally was.

If lenders (your customers) knew that the data you were selling them could be manipulated, it would have less value to the lender. Your profits would fall as more and more clients used another method for seeing how likely borrowers were to pay back a loan, and how high the interest rate should be for that loan.

If your clients thought your data was less reliable than the other businesses, your clients would switch to your competition. If they thought all of the data was corrupted, they would find another way of making lending decisions.

If both you and your competition told everyone that the data was perfect, and totally incorruptible, everyone's clients would believe it and be happy. If you could make the world believe that only time can change the data you provide, your perceived reliability, profits and sales go up.

From a business standpoint, "it can't be done" just makes sense!

Put the "it can't be done" quote up there with:
"the check is in the mail"
"my dog ate my homework"
"I'll call you"
"I'm from the guv'ment, I'm here to help you"

Credit Repair Theory

2009-05-19T16:12:00.000-05:00

Credit Score Repair and Restoration ...

just what is it?

In legalese, credit repair is the process of removing from your credit reports items that are "inaccurate, out of date, misleading, or unverifiable"

In the real world, you will be amazed at what all this can cover! Check out what we have done for others on our reply samples page!

Or now, on YouTube! Use Full Screen, and the HD Option for best viewing.

http://www.youtube.com/watch?v=Yk7ehu_vcWY

http://www.youtube.com/watch?v=BJOXrwT9uyI

It can be called a FICO score, Beacon Score, Bureau Score, Emperica Score, or whatever you wish, but the lending world revolves around credit scores. A perfect commercially used score is 850, a horrible one is 350, then they drop to 0.

Credit Scores are divided into "tiers" or letter grades "A, B C..". Tier 1 ranges from 850 to about 720. Tier 2 from about 720 to about 650. Tier 3 650 to about 600, and so on. They can also be ranked "A", "B" "C", etc in the mortgage industry.

Personal scores run higher because they are calculated differently. If you got your score from Free Credit Report.com from Experian (talk about a creatively named website!), or from some other internet provider, like TrueCredit from TransUnion, CreditWatch from Equifax or MyFico brought to you by Fair Isaac & Co .. you are looking at a Personal Credit Score. This is the raw bureau score, and is typically higher than any commercially used scores, as there are different calculations for different type score requests.

If someone tells you "I've got a 950 score", they are looking at a personal score. That compares favorably to your 850 score that you got from your mortgage broker. OK, so, if you had an 850 score, you wouldn't be reading this, and there are no mortgage brokers left to speak of, but you get the point.

The three Bureaus do not share information between themselves, so your scores differ between the three credit bureaus. Because of this, Mortgage Lenders usually take the middle score of the three, or do an average score for the purposes of a loan or refi. The items on your credit report have been reported to that particular bureau by someone who paid the bureau to put it there, reporting your credit history for that particular account. Whether it was a good or bad item depends on how it impacts your credit score, negative items lower your credit score, while positive items raise it.

A credit report is nothing more than a data file that is graded. Data files can be corrupted, can be mixed with another individuals data, or lost totally. It happens more than the Bureaus will ever admit.

Credit Repair is the process of removing those items that may be lowering your credit score. Items that are on your credit report must meet strict criteria to remain on your report, credit repair involves comprehensive application of these rules and laws to make your report better and score higher. Specifically, laws use the terms unverifiable, inaccurate, and age of item. it is amazing how many things fall into the unverifiable area. It is a constantly evolving and changing process. CCFG knows how the process works to make things happen to your benefit. It involves insight into how the bureaus work, it requires professional knowledge of what it takes to make a higher credit score, but generally as the bad items go away, so do their associated negative points, and your Credit Score goes Up.

The goal of Credit Repair is the removal of those trade lines that lower your credit score, not necessarily paying them off, that only starts the clock for automatic deletion of these derogatory items in 7 years. See the Collections Page, or the Life Span page for more info.

Adding New Trade Lines

There is a time and place for new trade lines on a report. If your report is nearly empty after a cleanup, new trade lines can really help. However, if your goal is to raise a low score simply with new trade lines, it takes 2 new good accounts to offset one bad account. Those new accounts can be quite expensive to acquire, as well due to that low score. The best way to raise a credit scores is to remove the bad items, then add new, good accounts.

We at CCFG have seen files of individuals that had unexplainable low scores, reports that essentially had no bad items on them, but still had scores that were too low. We found the cause, and got these folks back on track.

One theory of credit repair is that, by making an entirely new credit file, you get a fresh start. Well, you do. You roll back to what your credit report was back when you were born. No good history to base a score on, your file start date is too new relative to your age, and it looks like you were either just dropped to Earth in mid-life, or never ever borrowed any money from any one for your entire life. This raises all sorts of red flags, plus there is a chance that the old information may come back, because some of the bureaus are more name specific in a search, while others are more SSN specific. CCFG does not use this procedure, nor should anyone ever. We have fixed the results of this credit disaster for more than a few clients.

Once again, we at CrediClear Financial Group tell you more than anyone else! CCFG wants you to be an informed individual, because informed clients choose CCFG. Care to see what we have done? Check out the reply samples page for actual results from actual clients.

Friendly Sites

2009-05-19T12:19:00.000-05:00

CrediClear Financial Group offers Prompt, Personal Service in the Credit Report Repair and Debt Negotiation Business. Whatever is lowering your Credit Score, Bankruptcy, Tax Liens, Foreclosure, Slow or Late Payments, Collections, or Repossession, CCFG credit repair can help! Whether Clearing up your Credit History, or educating you how to raise your Credit Score, CCFG is the source for great credit information.

http://www.4higherscores.com Check it out today!

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CrediClear Financial explains the aftermath of bankruptcy, and shows actual examples of bankruptcy removed from credit reports. CCFG Credit Repair offers credit repair plans from full service to a self help DIY credit repair kit! CCFG can help you raise your credit scores! CCFG offers a credit repair plan for every situation!

http://www.bankruptcyerased.com

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CrediClear Financial Group offers Comprehensive Credit Repair Services from Assisted Self Service Programs to Complete Full Service plans. Contact CCFG to raise your Credit Score today! Remove those negative marks from your credit report and raise your fico, beacon, or credit rating to improve your buying power.

http://www.ccfgcreditrepair.com

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Credit Repair Self Help Kit. CCFGs Program offers timely information to do it yourself, with our credit repair help. Forms, tactics, theory, and how-to. All your Primary Personal Data stays safely in your hands during the Credit Repair Process with CCFG’s credit repair self help kit.

http://www.creditrepair-self-help.com

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CrediClear Financial Group Explains the impact of Foreclosure on a Credit Score, and shows actual examples of foreclosures deleted or removed from credit reports. You don’t have to live with it forever, see what CCFG Credit Repair has done for others!

http://www.foreclosureserased.com

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Contact CrediClear Financial about credit restoration and repair. CCFG offers a one stop source for your identity theft recovery needs, as a public service. ID theft is a real problem, and CCFG can help.

http://www.freeidtheftcreditrepair.com

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CrediClear Financial Group can remove tax liens from your credit reports!. CCFG credit repair explains the effects of Tax Liens on a Credit Report. and shows actual results of credit repair on a credit report and credit score. Removing Tax Liens raises credit scores. Erase those old tax liens, good liens are deleted liens!

http://www.taxlienserased.com

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http://www.notaxliens.com

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Offering access to a few of the best credit repair, debt settlement and negotiation sites on the web today via

http://www.720creditdoctor.com

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CrediClear Financial Group highlights some of the best and most informative credit repair debt settlement, negotiation, and credit score restoration sites on the web today.

http://www.720creditrepairnow.com

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http://crediclear.wordpress.com/

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http://ccfgpersonalfinance.blogspot.com/

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You Tube:

CCFG offers actual proof of what can be done with a credit report on YouTube! See actual items deleted or removed from our clients reports!

http://www.youtube.com/watch?v=Yk7ehu_vcWY

http://www.youtube.com/watch?v=BJOXrwT9uyI

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Estate Planning Solutions offers advice to those high net worth individuals who desire to make the most of their options regarding the disposition of their estate. From Estate Tax avoidance, charitable contributions, optimizing the passing of an estate, whatever your desire, EAG may have the solution for you.

http://estateadvisors.blogspot.com/

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http://estateadvisor.wordpress.com

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EAG

Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com

http://www.youtube.com/watch?v=cYGHfcqvIDY

What is Credit Repair?

2009-05-04T15:59:00.000-05:00

Credit Score Repair and Restoration ...
just what is it?
It can be called a FICO score, Beacon Score, Bureau Score, Emperica Score, or whatever you wish, but the lending world revolves around credit scores. A perfect commercially used score is 850, a horrible one is 350, then they drop to 0.

Credit Scores are divided into "tiers" or letter grades "A, B C..". Tier 1 ranges from 850 to about 720. Tier 2 from about 720 to about 650. Tier 3 650 to about 600, and so on. They can also be ranked "A", "B" "C", etc in the mortgage industry.
Personal scores run higher because they are calculated differently. If you got your score from Free Credit Report.com from Experian (talk about a creatively named website!), or from some other internet provider, like TrueCredit from TransUnion, CreditWatch from Equifax or MyFico brought to you by Fair Isaac & Co .. you are looking at a Personal Credit Score. This is the raw bureau score, and is typically higher than any commercially used scores, as there are different calculations for different type score requests.
If someone tells you "I've got a 950 score", they are looking at a personal score. That compares favorably to your 850 score that you got from your mortgage broker. OK, so, if you had an 850 score, you wouldn't be reading this, and there are no mortgage brokers left to speak of, but you get the point.
The three Bureaus do not share information between themselves, so your scores differ between the three credit bureaus. Because of this, Mortgage Lenders usually take the middle score of the three, or do an average score for the purposes of a loan or refi. The items on your credit report have been reported to that particular bureau by someone who paid the bureau to put it there, reporting your credit history for that particular account. Whether it was a good or bad item depends on how it impacts your credit score, negative items lower your credit score, while positive items raise it.
A credit report is nothing more than a data file that is graded. Data files can be corrupted, can be mixed with another individuals data, or lost totally. It happens more than the Bureaus will ever admit.
Credit Repair is the process of removing those items that may be lowering your credit score. Items that are on your credit report must meet strict criteria to remain on your report, credit repair involves comprehensive application of these rules and laws to make your report better and score higher. It is a constantly evolving and changing process. CCFG knows how the process works to make things happen to your benefit. It involves insight into how the bureaus work, it requires professional knowledge of what it takes to make a higher credit score, but generally as the bad items go away, so do their associated negative points, and your Credit Score goes Up.
The goal of Credit Repair is the removal of those trade lines that lower your credit score, not necessarily paying them off, that only starts the clock for automatic deletion of these derogatory items in 7 years. See the Collections Page, or the Life Span page for more info.

Adding New Trade Lines
There is a time and place for new trade lines on a report. If your report is nearly empty after a cleanup, new trade lines can really help. However, if your goal is to raise a low score simply with new trade lines, it takes 2 new good accounts to offset one bad account. Those new accounts can be quite expensive to acquire, as well due to that low score. The best way to raise a credit scores is to remove the bad items, then add new, good accounts.
We at CCFG have seen files of individuals that had unexplainable low scores, reports that essentially had no bad items on them, but still had scores that were too low. We found the cause, and got these folks back on track.
One theory of credit repair is that, by making an entirely new credit file, you get a fresh start. Well, you do. You roll back to what your credit report was back when you were born. No good history to base a score on, your file start date is too new relative to your age, and it looks like you were either just dropped to Earth in mid-life, or never ever borrowed any money from any one for your entire life. This raises all sorts of red flags, plus there is a chance that the old information may come back, because some of the bureaus are more name specific in a search, while others are more SSN specific. CCFG does not use this procedure, nor should anyone ever. We have fixed the results of this credit disaster for more than a few clients.
Once again, we at CrediClear Financial Group tell you more than anyone else! CCFG wants you to be an informed individual, because informed clients choose CCFG. Care to see what we have done? Check out the reply samples page for actual results from actual clients.

Credit Scores are no more than grades of the way you have paid back reported loans in the past. Here are the rankings:
720 to 850 Excellent, Tier One 1, or A650 to 719
Good, Tier Two 2, or B620 to 649
Fair, Tier Three 3, or C550 to 619 P
oor, Tier Four 4, or D 350 to 549
Very Poor, Tier Five 5 or E
Our goal is to move your credit rating to a higher tier, where lenders offer you better rates on every loan you get! You save money every month with lower interest rates!

About CCFG Credit Services

2009-05-04T15:11:00.000-05:00

CrediClear Financial Group offers the most competitively priced professional services in the market today to get your credit score, your unsecured revolving debt, and your life, back on track! Scroll to the bottom of this page for current pricing on the best, most affordable credit restoration deal today! We always offer flat fees, never any per item charges, or automatic bank drafts on our credit score restoration services! We keep our costs down to keep your cost down. We want you to tell your friends about your great experience with CrediClear Financial Group, the service that personal referrals built. We have had clients with strong 7 figure incomes, and those that barely had change in their pockets. CCFG's proven results over the years have led our clients to refer their friends to our experienced professionals when bad credit ratings are bringing down their quality of life.The Current Lending Mess Will Pass, but it will be a Generation Before Borrowing is as easy has it has been in the the recent past, if we ever see aggressive lending again.Lenders today look for clean credit reports, and higher credit scores! The lowest interest rates are offered to individuals with higher credit scores! Lower Rates Mean Lower Payments every month! Higher Credit Scores from CCFG are More Important Today Than Ever!At Some Point in Everyone's Life, They Wish That Their Past Mistakes Could Be Erased, Removed, or Deleted, so they could truly have a Fresh Credit Start. When that time arrives for you, remember CCFG, and what we have done for Others in a Similar Situation.Now Combining Debt Settlement and Negotiation Programs with Free Credit History Restoration! The Best of Both Worlds! Get your unsecured debts negotiated and paid off, and your reports cleared! The Perfect Debt Solution, only from CrediClear Financial Group!This site is under nearly constant updates, as we try to educate our clients, both current and future on the world of Credit, Credit Repair, Debt Settlement and Consolidation. There is much to know about collections, wage garnishments, tax liens, foreclosure, bankruptcy, and all of the other nasty things that can happen to a credit file, and CCFG wants you to know! If you have filed bankruptcy, whether Chapter 7 or Chapter 13, and it turned out a bit more messy than your attorney told you it should be, check out the bankruptcy page to see what many lawyers forget. CCFG is different in the world of credit report repair, consultation, analysis, and restoration; you will not find another firm that is as up-front about everything! We take a professional approach, not a sales pitch. No magic, no sleight of hand, nothing up our sleeves, just the facts about a process that can change your life for the better.No organization tells you more about the world of credit than CCFG! Whether you call it a personal score, beacon score, mid score, merge score, or just a score, it refers to a Credit Score. The navigation buttons on our site link to over 25 pages of specific information on each of the topics listed, and the Blue Text is a clickable link to that topic. No matter the cause of your low credit scores, CrediClear Financial has seen it before, and probably fixed it for someone else! At the bottom of our home page, and scattered throughout, you will find a site search box, and you can type in your topic, and find every listing for that phrase on our site.Contact CCFG for Credit Report Repair and Restoration, History CleanupDebt Negotiation and SettlementCredit Analysis, Advice, and ConsultationSo you think that what we do with a credit report cannot be done? Think Again! Click here to see actual pages from the various credit bureaus sent to our clients showing all sorts of negative information deleted from their credit files. It is a random sampling of derogatory items removed from credit files, but you will find something there that you can relate to.Credit Repair and restoration is a totally legal process involving the removal of the negative items from a credit file, raising the score. While the details of credit scoring are a well guarded secret, it works much like this: a perfect score is about 850, from that they deduct points for every bad item in your report, and add back in points for each good trade line in your report. As the items age, they have a lower point value. Credit Scores are based on history, a reflection of what you have done in the past. There is no need to let you past hold you back any longer! Many people think that simply adding new trade lines can raise a credit score.. but it takes two good new tradelines to offset one negative trade line, then they have to age for the score to rebound.The most important thing to remember is that the credit restoration process takes a few months to accomplish. There is no such thing as instant credit repair or restoration. Nothing is immediate in the credit world; it takes time to gain back the points that have dropped your credit score to the level it is now at. The real secret of credit repair is that it is a matter of doing the right things in the right way at the right time to get the result we want, higher credit scores for our clients!You will not find another firm that offers everything that CCFG does:Various levels of Full Service Plans that You Choose You Can Switch up or Down in Plan LevelsAn Assisted Self Service DIY PlanNO Automatic Bank Drafts or Card ChargesReferral/Affiliate Programs to help your budgetReal People on the Phone when you call!CCFG Starts Working for You upon Receipt of the Down Payment and Application, at a pace you set based on the Plan You Choose!With Clients from Texas to Minnesota, and California to Connecticut,Alaska to Florida, CrediClear is truly a nationwide Credit Repair Agency!If you are here, you undoubtedly have some challenges impacting your FICO rating, Bankrupt, Foreclosure, Divorce, Tax Liens, Slow/Late Payments, the Dreaded ARM or Adjustable rate mortgage, inaccurate Identity Theft, ID issues, Tax Lien Issues, Judgments, repossession, or Collections. You may have even been a victim of some debt settlement company that forgot to tell you that your credit would be a wreck when they got finished. We can fix that, or get you into a program that combines both programs!Drowning in debt, and want to get the credit card companies and collection agencies off your phone, and out of your life? CCFG offers a program that offers debt settlement, consolidation, and negotiation and free credit repair and restoration programs! A combination that cannot be beat! Check out the Debt Settlement Page for more information! Use the law to your advantage! If you are currently enrolled in another program, whether debt negotiation or history restoration, and not getting the results you expected, come on over. We'll figure out where you are now, and work out a plan to get you where you need to be.To see just how bad your credit really is, get your really free credit report from Annual Credit Report. We have a link on our Contacts Page for you. Don't print your reports, they can be huge, especially Equifax. The other Consumer Reporting Agencies, TransUnion and Experian aren't too bad, but we advise just saving the report to your computer, you always have it that way!Everyone has some sort of score challenge. We have probably seen worse, but to you it's a disaster. You can't finance what you need, and don't really know why. Here you will learn what the lenders look for, and what it takes to get you there.The Benefits of Higher Credit Scores:Lower Interest Rates Mean Lower Payments on every loan!Approval instead of being turned down for those new purchases!Insurance of all types costs more if you have low credit scores!Small Business owners know just how much personal credit helps those business loans, personal guarantees are quite common.Since many Employers look at Credit Reports (usually an indirect inquiry like ChoicePoint), your Credit History may be holding you back on the job, as well. A little Credit Score Enhancement may help in the job search or promotion.Having a higher Credit Score and a Clean History benefits your future. We offer a few tips on how to raise and improve your credit score, on the maximize your score page. If you are a finance or mortgage professional, check out our free printable handout for your credit turn downs, way more of an informational item than a sales pitch feel free to use it as you need it!Military! Whatever your branch of Service, Army, Navy, Air Force, Coast Guard, Marines, or National Guard.. your credit history can really hold you back on promotions. Don't let that happen! CCFG can help!There is a compilation of a lifetime of knowledge, and thousands of credit situations on this site, all compiled into an online credit education for your information and use. CrediClear Financial Group is consulted in many situations, from people in many walks of life, on a daily basis, and we have tried to put it all on the web for all to learn. We have found out what our clients want most as we grew into a nationwide credit repair and restoration service. We never have done auto bank drafts or charges, and never will. If you are currently in another program that requires automatic bank drafts, ask yourself why, and come on over to CCFG! If you are paying them monthly whether they perform or not, why should they hurry?Looking for a bit of extra income? Check out our Affiliate Page for more info, and feel free to Contact Us at any time. The Specialists at CCFG are here for you until 7:00 pm your time.Think your friends or clients would like to learn a few things about Credit and Debt? Feel Free to Link to us!Whether your next purchase is a boat, car, RV, Home, Mortgage refinance, or you just want to get your credit scores back where they should be, CCFG can help! If your score just needs a bit of a tune up, contact CrediClear Financial for our score enhancement services!If you have any questions about your particular situation, give one of our analysts a call , our trained Consultants will be happy to talk with you! Or, send us an email from the link below...we'll be happy to answer questions specific to your case .. no obligation, no scripts on our end, Just real answers to real questions.