First of it’s kind automated credit restoration system revolutionizes industry.
Distribution Source : PRWeb

Date : Sunday – May 01, 2005

Niles, MI (PRWEB) May 1, 2005 — When the FTC released a statement that people should do their own credit restoration it couldn’t have made the partners of ACReSystem.com more pleased. ACRES, which stands for Automated Credit Restoration e System is a new era in credit restoration and debt elimination that takes the industry into the 21st century and saves consumers a bundle of money..

“It’s a true testament to the individuals that desire to have total control over their financial affairs” said Patrick Zanders, ACReSystem’s Director of Marketing, “because it allows individuals to learn how the credit system works and then how to work the system. We have taken all the guesswork out of credit restoration and debt management and brought it down to an easy to understand system”. “The fully automated system even creates the legal communication with the credit bureaus, creditors and collection agencies and mails them online if the members so choose” Zanders Stated.

“We have received many calls from some of the better known so-called credit repair companies and they were rather rude to say the least. You’d think that we were giving away magicians secrets. We looked at their rudeness as a sign we were headed in the right direct”. Zanders stated. ”

In an age where identity theft is at an all time high, we felt that the best way to prevent id theft, is to not let anyone have access to it. That’s another reason people love the system”. “We also see that interest rates on mortages are climbing steadily and to get the best rates, people need the cleanest report they can have.” Zanders Commented

The cost for lifetime access to ACReSystems.com is $295. Members also have access to the many other benefits like in house debt negotiation and foreclosure avoidance specialists, as well as an affiliate program that pays out nearly 50% in commissions.

The ACReSystem.com web site also provides detailed information on credit enhancment, obtaining mortgages, budgeting, evaluating judgements to see if there was errors which would allow a motion to vacate and much more.

Contact:
Patrick Zanders,
Email: email protected from spam bots
www.acresystemystem.com

Debt Consolidation – Eliminate Credit Card Debt – Credit Repair
Credit Repair Blog – Credit Repair RSS

I get a huge amount of traffic for the term “report repair credit letters”.

So I am going to post a link here so any one who wants to get the letters and are searhching for report repair credit letters on google, Yahoo and MSN can find a link here:

“How to Send Just 2 Magic Letters and Erase Bad Credit & Smash Your Debts Forever…!”
report repair credit letters

You should also check out the rest of the credit repair blog becasue there is great info and articales on how to repair credit. I have found many articales and links that should help educate you on your goal to imporve you credit and get a control of your debt.

Best of Luck.

P.S.Also people seem to find me through these terms as well:

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and the list goes on…

Credit-Repair-Planner – A helpful freeware tool for planning a strategically optimized debt repayment schedule.
(PRLEAP.COM) Credit-Repair-Planner helps create an optimized repayment schedule which factors in credit improvement. The concept is simple: pay off the highest-interest cards first while bearing in mind that carrying in excess of 50% on any revolving credit line dings your credit score.

Credit-Repair-Planner will break this down into two repayment schedules – the first to get all cards down below 50% and the second to take them down the rest of the way.

Although Credit-Repair-Planner is useful for scheduling repayment, it is meant primarily as an educational tool — making the path to credit-repayment explicit, concrete and visual. A clear understanding of the debt-repayment path is a crucial part of lifelong debt management.

To use Credit-Repair-Planner, just download and run – the program is entirely self-contained and requires no installation (it can also be run directly from fixed media such as floppy or CD). Credit-Repair-Planner is a single, clean, compact executable with no spyware or DLL dependencies. It is part of an expanding collection of freeware tools available from atilla-credit-repair.info.

Credit-Repair-Planner Features:
==========================
– Simple — no training required, no learning curve
– No DLLs installed and no dependencies to conflict with other software
– Compact and simple – just one executable file – no installation
– Works with all versions of Windows 95/98/ME/NT/2000/XP
– Really freeware! No spy-ware, no ad-ware no parasites

Read More

Improve Credit Report And Credit Score Doing a Credit Repair Online
Anybody can request to view their credit file and to do a credit check for accuracies. A good credit Report and Credit Score can mean better financial wellbeing.

(PRWEB) March 24, 2005 — Did you recently apply for a personal loan only to be turned down by a bank or lending institution ? Like most people there is always a need to borrow money to buy a car or to renovate a home or even to get a student loan. There are many reasons why people need a loan and lenders find reasons to turn people down from a loan application. There are people who even take a loan to consolidate a loan.

With the costs of living on the rise and the limit that one has on their earnings it is easy to understand why borrowing becomes necessary for a lot of people. However, care must be taken to ensure that when money is borrowed it can be paid back to the lender.

There are times when money is borrowed and the borrower has difficulty in meeting the loan requirements and payment schedule as was outlined at the time of obtaining the loan. If there is a good reason for non-payment of loan and if this reason is brought to the attention of a lender in a timely fashion, it is very likely that the lender will be accommodating and suggest a revised payment arrangement.

The problem arises when there is default in loan payments and when the loan is not repaid as agreed upon by borrower and lender. This then gets into the credit reports and becomes part of ones credit history and it becomes a problem for future borrowings.

However, it must be noted that often times there are errors and inaccuracies in ones credit report. These credit report errors can and do affect ones credit rating and places a person as a bad or poor credit candidate. It is therefore very important that the inaccuracies be dealt with and a clean credit report be in place after all the discrepancies in the credit report have been removed.

People with a bad credit report that have a need to clean up their credit have the law on their side which allows them to request a reinvestigation of information in a credit file and dispute it as inaccurate or incomplete. There is no charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost. As per the Fair Credit Reporting Act people are entitled to a free copy of their credit report if denied credit, insurance or employment within the last 60 days. If an application for credit, insurance, or employment is denied because of information supplied by a credit bureau, the company you applied to must provide you with that credit bureau’s name, address, and telephone number.

You can dispute mistakes or outdated items in your credit report for free. Ask the credit reporting agency for a dispute form or submit your dispute in writing, along with any supporting documentation. Do not send them original documents.

Clearly identify each item in your report that you dispute, explain why you dispute the information, and request a reinvestigation. If the new investigation reveals an error, you may ask that a corrected version of the report be sent to anyone who received your report within the past six months. Job applicants can have corrected reports sent to anyone who received a report for employment purposes during the past two years.

When the reinvestigation is complete, the credit bureau must give you the written results and a free copy of your credit report if the dispute results in a change. If an item is changed or removed, the credit bureau cannot put the disputed information back in your file unless the information provider verifies its accuracy and completeness, and the credit bureau gives you a written notice that includes the name, address, and phone number of the provider.

You should tell the creditor or other information provider in writing that you dispute an item. Many providers specify an address for disputes. If the provider then reports the item to any credit bureau, it must include a notice of your dispute. In addition, if you are correct-that is, if the information is inaccurate-the information provider may not use it again.

If the reinvestigation does not resolve your dispute, have the credit bureau include your version of the dispute in your file and in future reports. Remember, there is no charge for a reinvestigation of your credit report. Reporting Negative Credit Information Accurate negative information generally can be reported for seven years, but there are exceptions:

– Bankruptcy information can be reported for 10 years;
– Information reported because of an application for a job with a salary of more than $75,000 has no time limitation;
– Information reported because of an application for more than $150,000 worth of credit or life insurance has no time limitation;
– Information concerning a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer; and
– Default information concerning U.S. Government insured or guaranteed student loans can be reported for seven years after certain guarantor actions.

FREE Credit Tips & Secrets…

I’ll bet my credit stunk worse than yours may ever have
— I’ll even bet my credit was worse than many others
you’ve heard about.

But it’s NOT like that today.

Today I make incredible money and have amazing credit.
But I never used a lawyer or one of those so-called
nonprofit credit counseling agencies.

Here’s a tip:

Did you know that those places are nothing more than
wolves-in-sheep’s clothing ?

It’s a fact: Nonprofit credit counseling agencies
(although made by popular mainstream media to appear
altruistic) are nevertheless out to make a buck off of
you!

Here’s how: EXACTLY like a collection agency, they get
a percentage of whatever amounts they can collect from
you towards your debts (that’s right! they actually
work alongside your CREDITORS, not you!)

If they get $1,000 from you, they may make up to $150
(15%).

If they get $5,000 from you, they may make up to $750
(again 15%).

So which do you think they really want ? …

$150 ? …

or …

$750 ?

So if you tell them what you really have (because
they’ll surely be asking you!), you can be pretty sure
they’ll only end up ratting you out to all your
creditors and you’ll loose everything, be able to just
get by (if you’re lucky!), and work as a slave to feed
them and NOT yourself!

STOP IT!

Why do you think I wrote “My FREE Credit Repair”
anyway ?

I first fixed my own situation, then quickly began
helping others (who like yourself, thought there was no
hope in sight).

Then, I wrote the book (not just one, but several
different titles about this still little-known
subject).

The title gives the TRUE PURPOSE away: that you don’t
need to hire attorneys, so-called professionals, etc.,
to get your credit fixed and your debts dissolved
because you can do it yourself, and for FREE!

Besides, do you really want to trust a wolf-in-sheep’s
clothing to all your most guarded private financial
information ?

Only YOU should be privy to that.

You can pick it up for next to nothing over at:

http://MyFREECreditRepair.com just seconds from now.

So be sure to secure http://MyFREECreditRepair.com for yourself
without further delay!

And just to make sure you do, I’m knocking OFF 86.46%
from the full price just for you getting it NOW or
within the very next 24-hrs! So please, please HURRY!

Most sincerely,

-Howard L Moreland
Creator of http://MyFREECreditRepair.com

PS … Please be sure to watch out for more tips from
me on your credit, and more effective financing
strategies to come soon …

NEW YORK (CNN/Money) – There is a lot going on right now that could affect your credit.

You could be one of the nearly 150,000 ChoicePoint victims whose identities were stolen. Or maybe you’re deep in dept. And new legislation being debated on Capital Hill today could tighten the rules for personal bankruptcy — eliminating your way out of debt. That in turn can worsen your credit.

Take a deep breath. It’s time to clean up your financial act. In the first of our Top Five Tips’ three-part series, start your cleaning with your credit.

1. Get what you need.
According to the 2005 Identity Fraud Survey Report conducted by Javelin Strategy & Research for the Better Business Bureau, an estimated 9.3 million Americans become the victims of identity theft in 2004.

As we learned from ChoicePoint, you can’t prevent identity theft with just a shredder. Beth Givens, director of the Privacy Rights Clearinghouse, says keeping an eye on your credit report is your best defense.

Get your free credit report. The Fair and Accurate Credit Transactions Act (FACTA) is gradually rolling out the right to each consumer for one free copy of his or her credit report from each of the three credit bureaus per year. Check out www.annualcreditreport.com or call 1-877-322-8228.

Right now, residents of Western States: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming are eligible. Starting tomorrow, March 1st, residents of the Midwest can get their free credit reports. And by September 1st, the entire country will be eligible for their free credit reports from the three major credit bureaus: Experian, TransUnion, and Equifax.

2. Understand the bottom line.
Your credit report is basically your credit history. The credit bureaus write up your report based on any information they received about you from companies that gave you credit in the past. Any late payments you made to utilities, hospitals, credit cards, mortgages or landlords might be on there.

You credit score, sometimes called a FICO, is based on all that information. You actually have three different credit scores — one for each of your credit reports from the three credit bureaus. Scores range from 300 to 850.

Beth Givens, director of the Privacy Rights Clearinghouse, says, ideally you want your score to be well above 620, that’s a drawing line for creditors. Your credit score helps them determine how credit-worthy you are. If you have a low score, you will have to pay more for credit.

In other words, the credit card company may charge you a higher interest rate on your delayed payments or your bank may charge more interest on your car loan. To learn more about the calculations behind a credit score, or FICO, go to www.MyFICO.com.

If your credit score is really bad, because you were the victim of identity theft or you are deep in debt, you may be not be able to borrow at all. A bad FICO can also hurt you as you apply for a job or a professional license. Therefore, it’s imperative that you improve a bad score, no matter your circumstance.

3. Clear your identity.
As the victim of identity theft, you face a real mess. You may have thousands of dollars in charges made to a credit card you never saw. While your name is on the account, you won’t be held liable for those charges. However, you are burdened with having to clear your name.

Make sure that during the whole process you keep a detailed log of all the institutions or people you contacted, including dates, times, names and phone numbers. The Privacy Rights Clearinghouse recommends you also take note of the amount of time you spend and any expenses you incur during the process in case you are able to seek restitution. Send any correspondence by certified mail and keep copies of all your records.

Another benefit of FACTA is that you now only have to call one of the three credit bureaus to alert them you are a victim of ID theft.

Ask that a fraud alert be placed on your files. That means the credit bureaus are supposed to notify you in case any company is trying to access your report in order to give you credit (that’s when a thief is trying to open a card in your name). Your fraud alert lasts only 90-180 days: put it in writing you want it extended to seven years. In California and Texas, you can also put a security freeze on your reports that will not allow anyone to see them besides you and institutions that already have.

Ask the bureaus for names & phone numbers of all the credit grantors who opened accounts in your name that were fraudulent. Call each one. Creditors and debt collectors will likely ask you to fill out fraud affidavits. The FTC offers one that most will accept on its Web site.

If your accounts have been used fraudulently, have your bank issue new cards and numbers. Report your identity theft to your local police or sheriff’s department, making sure your police report lists all the fraudulent accounts. Of course, get a copy of the report. You should also get the phone number of your investigator and give it to the creditors and others involved in your case.

4. Understand how deep you’re in.
Credit trouble brought on by debt can be just as tricky to get out of. Your first step is to understand how far in debt you really are. Credit card debt is one of the easiest debts to fall into because it’s the easiest way to get credit.

According to the Consumer Federation of America, more than 80 percent of all households have some credit card debt. Of them, the average debt is $12,000. And 10 to 15 percent of households with credit card debt are barely able to pay it off.

Steven Brobeck, executive director of the Consumer Federation of America, says that’s because many people think of paying off their credit cards in terms of minimum payments. You need to remember that you have to pay the balance.

In order to get out of credit card debt, you need to decide what avenue to take. According to Brobeck, a good rule of thumb is, “If you can’t develop a plan to pay off your credit card debt in a year and at the same time meet your other debt obligations, you probably need help.”

If you are having difficulty finding the means, contact the National Foundation for Credit Counseling to find your local non-profit credit counselor.

If you think you can do it on your own, call the bank that issued your card and inform them of your plan or ask them to help you design one. They will be more understanding of your situation when you have expressed concern. Help yourself chisel away at that debt by putting away your credit cards and paying with cash. You may even have to take more drastic measures like downsizing your lifestyle to complete your goal of getting rid of that debt.

5. Regular check-ups.
Your credit report keeps track of your financial safety and where you stand financially. Even though you only get one free report a year, checking your credit once annually is not enough.

Givens recommends that you always check your credit report before shopping for credit, say by buying a car or refinancing a mortgage. You should also check it twice more a year beyond that. If you aren’t shopping for credit, Givens recommends you check your report three times a year by checking one bureau’s free report every four months.

SALEM, Ore. (CNN/Money) – Your credit score, or FICO score, is arguably one of the most important pieces of information in your financial life.
Lenders, landlords, insurers, utility companies and even employers scrutinize this rating — which sums up all of the information in your credit reports with three digits ranging from 300 to 850.

Yet, according to a survey released Tuesday, nearly half of all Americans don’t understand what these scores measure or what factors go into them.

The survey, conducted by Opinion Research Corporation for the Consumer Federation of America (CFA) and Fair Isaac Corporation, found that 49 percent of respondents do not understand that credit scores measure a person’s credit risk, while 45 percent think – incorrectly – that a higher income will result in a higher credit score.

“Despite all of the news coverage about credit scores over the past year, many consumers still do not understand important facts about these increasingly influential numbers,” said Stephen Brobeck, CFA executive director.

Just how influential is your credit score?

If your credit score is 580, for example, you are likely to pay nearly three percentage points more in mortgage interest than someone with a score of 720. To put it another way, the payments on a $150,000 30-year fixed-rate mortgage would be about $890 if you qualify for the best rate, according to Fair Isaac, the company that created the FICO score. That same loan could cost more than $1,200 a month if your credit is poor.

To that end, you’ll want to check your credit scores periodically, correct any errors on your reports and take steps to improve your score over time. The secret to a better credit score: Pay your bills on time and keep your balances low.

To help consumers understand their scores, CFA and Fair Isaac have prepared a free brochure now available online.

In the meantime, make sure you’re not falling for any of these common credit score myths.

Myth: You only have one credit score. In truth, you have three credit scores, one from each of the three major credit bureaus. “These scores can vary by as much as 50 points or more,” said Ryan Sjoblad, a spokesman for Fair Isaac. This is why it’s a good idea to check all three.

Myth: Checking your own credit will lower your score. You can check your own score as many times as you want without impacting your score, said Sjoblad, but make sure you do so via the bureaus or a legitimate score seller like MyFICO.com rather than, say, at a car dealership.

Myth: Your age, income and sex are factored into your score. According to Sjoblad, none of this information has any bearing on your score. Your employment is something that is listed on the credit bureau report, he added, but doesn’t affect the score itself.

Myth: A higher salary will boost your score. Paying off your debts will improve your score. Earning more money, winning the lottery or inheriting a fortune, however, will not because, again, your net worth and income are not factored into your score.

Myth: To remove unfavorable info just dispute it. If there is information in your report that is legitimately inaccurate, you should by all means dispute it. Credit agencies are obligated to investigate credit inaccuracies within 30 days or remove disputed information. But don’t fall for so-called credit repair companies promising to remove unfavorable (though accurate) information from your credit reports to “instantly” improve your score. These days credit agencies not only investigate disputes quickly, they know a sham when they see it.

Myth: Shopping around for a loan hurts your score. When you apply for a loan or get pre-approved the creditor checks your credit report, which shows up as an inquiry to your credit. While it’s true that too many inquiries to your credit will lower your score, you absolutely can shop around for a mortgage, home equity loan or car loan without worrying about damaging your credit, said Sjoblad. “As long as the same kind of inquiries are made within 14 days of each other, they count as one inquiry on your credit score,” he said. Take note: This grace period doesn’t apply to credit cards.

Myth: Credit card offers are hurting your score. Credit card solicitations, while annoying, don’t affect your score. That’s assuming you don’t respond to the solicitations and use all of the credit that’s available to you. There is no magic number for how many credit cards are too many, said Fair Isaac’s Cheri St. John. But, if ratio of credit used to credit available is high, that indicates higher risk. “Clearly consumers want to keep balances below the available credit line,” she added.

Myth: When you get married your credit scores are merged. “People think once you’re married your credit information gets mixed,” said Sjoblad. But, your good or bad credit is yours and yours only ’til death do you part. When you open accounts jointly, though, that information will be reflected on each of your credit reports, for better or for worse.