Clean Up Credit Before Finding New Apartment

Clean Up Credit Before Finding New Apartment

Wayne the Credit Guy discusses the impact an eviction can have on your credit report in this article on FoxBusiness.com.

Excerpt:

Credit reports do not show records of evictions. According to Wayne Sanford, president of the credit consulting company New Start Financial, “If you are evicted, then it will show up as a collection as any apartment debt a consumer owes, such as cleaning fees or lease breaking.”

My Credit Repair company did nothing… Or DID they?

Credit Repair is a Two-Way Process Between You and Your Credit Repair Specialist

Many people I speak with said they have hired a credit (repair, restoration, management) company before and they did nothing as they claim. “I paid them and nothing happened”.

But then I start asking a few questions and then what comes up is they really didn’t pay attention to instructions and even didn’t pay a few bills on time which depending on the bill dramatically drops their credit score or even had a few new collections pop up on their credit.

Then a few more questions later I find out the company was a “no contract company” with “unlimited disputes” and a monthly fee. There was no follow up, no procedures in place to help the client along.

Most people expect to pay a credit company and everything gets fixed. HOWEVER, what most fail to understand is that your credit report is a mathematical equation. It does not care how old you are, what your race or religion is or how much or little money you make.

Just because you pay a company to fix something doesn’t mean it’s going to get fixed. A credit report must be reviewed an analyzed to determine if the score is able to be increased in the time frame a client is trying to achieve to reach a certain goal.

The main problem is 99% of credit repair sales people (aka- National Sales manager, National Sales Director, Area Manager, Senior Credit Consultant) are commission based. Which brings the problem that they are being told what they want to hear in order to sign them up so they can get paid. While this is totally understandable the issue is their goals are not aligned with the customers goals and time lines.

It is human nature to blame everyone but yourself. People need to understand that correcting credit issues is a two way street. Both parties have responsibilities in the transaction. The customer needs to understand they are paying for a service and needs to know that the company they are hiring have a system in place to help them if they forget part of their responsibilities due to life situations.

While you can’t blame the credit company for you not paying your current bills or new negative information popping up on your credit report. But you can blame them if they do not have a system in place to help you along this credit repair/restoration process, after all is this also not what you’re paying them for?

Understand credit is a fluid concept.. information is typically always being added to it and depending on the type of information being added a score may dramatically jump up (ex: paying down a maxed out credit card) or dramatically drop (current late payment or new collection).

Before hiring a company, take some time to do a little research to make sure they have your best interest at heart. If after every question you are getting pushed to sign up that may indicate they just want your money or they need you money. Either one does not sound like your interests are being placed first.

About Wayne Sanford:

The majority of consumers have no working knowledge of the credit system and the game it plays with their lives. A consumers’ basic credit education has come from late night infomercials, the internet and other sensational media outlets. They have no real idea of how the credit game is played and how they can stack the deck in their favor. Wayne The Credit Guy is the “go-to” advisor willing to put his name and reputation on the line – giving no-nonsense and answers as consumers ante up to the credit game. Roll the dice and learn how the Real World of Credit works and how you can play too. 

Perfect Credit Score Makes News

There is a difference between good credit and perfect credit. In fact, perfect credit is so rare, it makes news when it happens. Like a Vegas Casino, the credit game is set up with the house winning more than not…contact Wayne the Credit Guy and learn how to make the credit game work for you.

 Less than 2/10ths of 1% of the “scorable” population has a perfect 850 FICO score.

http://www.mainstreet.com/article/moneyinvesting/credit/debt/man-achieves-perfect-credit-score-issues-press-release