Are you tiered of sending out letter after letters to the Credit Reporting Agencies, (CRA) and getting no results?
It’s a pretty consistent problem, people just cannot get the CRA’s (Credit Reporting Agencies) to remove negative or inaccurate information and sometimes they don’t respond at all.
Remember, your credit score is simply a reflection of how you handle money, not how much you have. We’d bet a dollar to a dime that your credit score is costing you two ways.
The first is that you hesitate on an opportunity because you don’t have the capital to make a go at it. The second way is that you’re paying extra on virtually every cent you spend.
Maybe not because it’s often in tiny small print when you apply and agree to the terms of a new credit card. If you ever make a late payment on any credit card – this allows credit card companies to charge you a ridiculous rate of 29.9% (or higher).
Yes, even if it was a Mastercard you missed your payment on, your VISA card can hit you with an outrageous raise in your interest rate.
Like this other trick they might’ve played on you – very often credit card companies fail to report your limit or they report a lower limit than your card has. This increases what is known as your “utilization rate” – the difference between what you owe and what the limit is on your card.
The fact is, most of the time people going through financially trying times just forget to check their credit reports and the banksters and debt collectors are reporting ingenuous information that can cost them dearly!
A simple check on your credit report (we recommend TrueCredit) can be worth thousands of dollars to you. Keep in mind that any one bank or debt collector reports to up to 4 credit reporting agencies and for every mistake reported to these agencies could be worth up to $4000 per month per violation. Now this adds up to BIG BUCKS and guess what… they don’t like to fight back. They would rather just settle and make you go away! Incredible but true, it costs them more money to litigate then to just pay your or adjust your account then to fight back!
Nothing could be more grating on someone who is already struggling financially than an onslaught of calls from debt collectors. But you don’t have to just sit back and take it. What Lies In Your Debt can show you how to turn those calls into cold, hard cash in a few easy steps.
What Lies In Your Debt can help you educate yourself on whether your debt collector is breaking the law by calling you late at night, and the What Lies In Your Debt systems gives you a plain-English breakdown of your rights under the Fair Debt Collection Practices Act.
The TCPA, Telephone Consumer Protection Act can turn every call into a potential $500.00 which when the debt collector is forced to deal with often times just writes you a check to go away. Why would you not want the phone ring?
You may even need to watch out for debt collectors on Facebook. Debt collectors have been known to use all manner of tricks to get a hold of the debtors they are after and make them pay up. Now, they have a new tool in their box. Like the police and nearly everyone else in the world, debt collectors have discovered Facebook. If you owe money, be careful who you friend.
You need to know the motivations of the lenders. In the current market, homes are not selling, or selling for far less than they might be worth despite what the media tells us. Lenders are not as anxious to take on more inventories they know they can’t sell, or must sell under market value; it’s a bad reflection on their bottom line and exposes just how broke they really are. So, if you are causing them trouble by defending your home, they are not as interested in most cases in fighting vigorously with you to get your home. Do you realize that 99% of the attorneys who file the foreclosures to begin with are not prepared to deal with knowledgeable consumers.
They don’t know how to defend against those of us who understand the system and other State and Federal laws, along with not being afraid of them (attorney’s).
On the other hand, servicers make more money while your home is in foreclosure from the lenders than if you were making timely payments. They would rather drag it out, it just more profit for them. Why do you think your mortgage has been sold or transferred even while it’s in foreclosure, because they are still making money!
Our members, who we help fight back, have been in their homes for years. In some cases, the foreclosure has gone into a “dormant” state with the lenders doing nothing for a long period of time. Our system will walk you from the beginning to the end of the process, while you make MONEY!
The facts remain that most of the banks or trusts bringing the foreclosure actions do not have the legal right to do so. In most cases it’s the servicer, a trustee, or an appointed trustee for a securitized pool of mortgages and the burden of proof is on the bank and not the homeowner. This is rather difficult for most to prove to say the least.
In most foreclosure cases, there are defenses which will buy you considerable time. By using our proven system, you put the banks on the defensive and they cannot proceed with the foreclosure until they settle with… Read more…