Having Your Account Charged Off

Posted on February 21, 2012 by admin
Credit-Repair-Services

You are invited! We offer the most effective credit repair services available.

If your credit company begins to believe that you won’t ever pay your credit card bills, they may charge off on your account. This will typically happen if your account is delinquent by six months or more.

Essentially, a charge off means three things: 

  1. You won’t be able to make any purchases with that credit account.
  2. You will still owe the remaining charged off balance on your account.
  3. Your credit score will drop, significantly. In fact, a charge off is one of the most damaging entries that you can have on your credit report. 

How to avoid: Be sure that you’re making the minimum payment on all of your credit accounts each month. If you have multiple delinquent credit accounts, make the financial sacrifices necessary to get them all paid up to date. Start with the most delinquent accounts first. A credit card account that has been delinquent for four or five months is dangerously close to a charge off, and deserves your immediate attention. The late fees and penalties that you’ll have to pay now will be nothing when compared to the repercussions of a charge off.

 For more tips on how to help increase or maintain your credit score, call Vitesse Financial toll free at 866.407.9110. Vitesse Financial has over 15 years of spot-free experience and will handle your case with compassion and care.

For more information or to schedule your FREE consultation call toll-free at 866.407.9110

Posted in Building Credit, Co-signing, Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services, Uncategorized | Tagged , , , , , , | Leave a comment

Bankruptcy filing and credit repair takes time away from work and family

Posted on February 13, 2012 by admin
Credit Repair

Credit Repair

Leading up to your bankruptcy filing, you may have to spend a significant amount of time on the phone negotiating payments and explaining late payments to creditors. You also will probably spend a lot of time going through mail, responding to letters, and making copies of documents as proof or your efforts.

Moreover, the process of filing for bankruptcy takes time. Bankruptcy-related paperwork, as with most legal documentation, can require a great deal of patience to complete. A lawyer or bankruptcy specialist may complete the tasks more quickly (and likely with fewer errors), but you would still need to meet with that individual or firm to discuss your situation. Every state is different, but you will most likely need to take time to complete a petition (this starts your bankruptcy), a document with list of your creditors, a document detailing your financial history, and a plan explaining how you will move forward.

 Depending on the type of bankruptcy you file, you may need to meet with the court or a trustee to discuss the case on one or more occasions.

While the bankruptcy listing is on your credit reports, you may often have to explain that mark on your credit and supply additional paperwork when trying to open new accounts, refinance, and request insurance premium quotes. This is all the more reason to focus on credit repair immediately after bankruptcy.

 For more helpful tips and tricks contact Vitesse Financial today. Vitesse has over 15 years of experience, and by calling today you qualify for a FREE financial consultation from a Vitesse Credit Professional. Call 866.407.9110 TODAY!

Posted in Bankruptcy, Building Credit, Co-signing, Collection Accounts, Understanding Your FICO Score | Tagged , , , , , , , , , , | Leave a comment

Negative Student Loans

Posted on February 10, 2012 by admin
Credit Repair

Credit Repair

Do you have negative student loans on your credit report? By removing student loan accounts from your credit report, you can increase your credit score and save money on interest rates.
Removing negative student loan accounts from your credit history may increase your credit score. It is not healthy for your credit to keep this negative remark on your credit history, by removing this negative account, your credit score may be boosted and your credit could look better for creditors and future loans.
Vitesse Financial is a professional credit restoration agency that can help you to fix your credit problem by attempting to remove judgment accounts from your credit file. This not only gives you better interest rates for credit cards, mortgage and auto loans, but can also help you to save money and achieve your goals.
If you have any question about our quick legal credit repair services, please navigate to our contact us.

It is very important to regularly check your credit history and credit score, and for help with this and other issues consider contacting a credit repair agency like Vitesse Financial. For more information or for your free consultation contact them today at 866.407.9110.

Posted in Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services | Tagged , , , , , , , , , , | Leave a comment

Bankruptcy Could Interfere With JOB Opportunities

Posted on February 9, 2012 by admin
Bankrupty credit Repair

Bankrupty credit Repair

Employers are allowed to ask if you have filed for bankruptcy in the past. In their minds, this may be an indicator of whether or not you are a responsible individual. Unfortunately, some employers still review an applicant’s credit report. So while they may not be able to ask you about a bankruptcy, it may certainly color your prospective employers unconscious (or conscious) opinions.

So while bankruptcy can be devastating, it has to be reported correctly on your credit reports. If it isn’t, the advice of a good attorney can help you leverage the multiple consumer rights you have to ensure that you are protected. Talk to a credit repair company to learn about alternatives to bankruptcy and credit repair after bankruptcy.

 

For more helpful tips and tricks contact Vitesse Financial today. Vitesse has over 15 years of experience, and by calling today you qualify for a FREE financial consultation from a Vitesse Credit Professional. Call 866.407.9110 TODAY!

Posted in Bad Credit or No Credit, Bankruptcy, Identity Theft, Improving Credit, Late Payments | Tagged , , , , , , , , , , , , | Leave a comment

Repairing Your Own Credit

Posted on February 9, 2012 by admin
Credit Repair

Credit Repair

Of course, by paying off old debts and establishing and maintaining new lines of credit you can begin the process of credit repair yourself.  Request a copy of your credit report and check it for errors, and then focus on clearing the debts that appear as negative reports.
It may take years for all of the negative reports to expire, but by preventing new ones while increasing your positive reports your credit score will slowly rise on its own.

Take action and put your life back on track, check out our credit restoration service plans and fix your bad credit today from the the root, no contract or long term commitment just pay as you go.

If you have any question about our quick legal credit repair services, please navigate to our FAQ page for more information or feel free to contact us.
Avoiding Credit Repair Scams
Unfortunately, there will always be unsavory individuals who seek to make money off of those who are in need of assistance.
Any credit repair service that promises instant results or that offers to simply create a new credit report for you should be avoided… what they’re really creating is a business tax identification number, and any individual who uses one is in danger of being charged with fraud and possibly other charges. Credit repair takes time; if an offer sounds too good to be true, then it likely is.

It is very important to regularly check your credit history and credit score, and for help with this and other issues consider contacting a credit repair agency like Vitesse Financial. For more information or for your free consultation contact them today at 866.407.9110.

Posted in Collection Accounts, Credit Inquiries, Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional | Tagged , , , , , , , | Leave a comment