Credit Repair Learn How To Improve Your Credit Score Thu, 17 Jan 2013 17:46:42 +0000 en-US hourly 1 Credit recommendations college students Thu, 17 Jan 2013 16:52:21 +0000 admin Continue reading ]]> Credit Repair NewsCredit Report News

Credit recommendations college students should remember

February 01, 2012

College students’ primary concerns while they’re away at school are their studies, but credit news and research website says they should also make maintaining a strong credit history a priority as well.One of the reasons why is because college students often make their first large purchase at this stage of their life by buying a car. The website reminds students that the better credit history they have, the more likely it is that they’ll be approved for a low interest car loan.

Another reason why college kids should handle their credit with care is to impress employers after graduation. While there are restrictions, many employers these days are checking applicants’ credit reports to see how well they manage their money, as this may be an indication of how well they will handle their jobs.

Finally, the site says strong credit gives college students more spending money, something many of them often desperately need. By paying off bills every month, college students can avoid late fees and interest charges, giving them more money to use for entertainment and necessities.

During and long after life at the university, it’s also advisable for consumers to review their financial histories, looking for unfair or inaccurate credit marks. These discrepancies may lower credit scores, making it more difficult to obtain a loan for a home or other purchase.

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Credit history improvement tips for job seekers Thu, 17 Jan 2013 16:51:50 +0000 admin Continue reading ]]> Credit Repair NewsCredit Repair News

Credit history improvement tips for job seekers

October 13, 2011

Because many employers consider applicants’ credit histories in the interview process, is offering job seekers with some tips for how they can improve their scores.One of the most important ways, according to Andrew Bernstein, a personal finance counselor for a debt resolution service, is for consumers to obtain copies of their credit reports and look them over for any items that may be unfairly lowering their score. If any are spotted, Bernstein recommends disputing them with the help of a credit repair attorney.Another way consumers can improve their financial history is to make an assessment of their payments. If bills aren’t being paid on time, it’s a good indication consumers are spending too much. Bernstein recommends pursuing cost-cutting methods such as looking for coupons in the newspaper and shopping for generic store brands at the grocery store.

While these tips can help improve consumers’ financial standing and make them more appealing to companies that are hiring, Bernstein also said that employers should not ask for applicants’ credit scores, only their credit histories. As it is, only 13 percent of employers check credit histories, according to the Society for Human Resource Management.

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NAHB chairman implores Congress to restore higher mortgage limits Thu, 17 Jan 2013 16:51:24 +0000 admin Continue reading ]]> Credit Repair NAHB chairman implores Congress to restore higher mortgage limits

November 30, 2011

The chairman of the National Association of Home Builders recently called on lawmakers to pass legislation that would reinstate higher loan limits for consumers who are seeking to refinance their mortgages.The upper loan limits for mortgages which could be backed by Freddie Mac, Fannie Mae and the FHA dropped on October 1. However, some lawmakers are working to restore those higher limits for the FHA, which is popular among first-time buyers. NAHB chairman Bob Nielsen urged quick action.

“The FHA program is fully self-supporting, and a great example of a public-private partnership with lending institutions,” said Nielsen. “Restoring the loan limits will provide millions of potential consumers in markets throughout the nation access to safe, affordable mortgage financing.”

Nielsen added that restoring the loan limits will help revitalize the housing market and “ensure that millions of creditworthy borrowers can access the best possible mortgage rates.”

Access to prime lending rates may be complicated if there are any unfair marks left on credit reports. Consumers should be watchful of these errors so that their financial histories are accurately portrayed.

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Bill would limit interest rates on credit cards, loans Thu, 17 Jan 2013 16:51:00 +0000 admin Continue reading ]]> Credit Laws and Legislation

Bill would limit interest rates on credit cards, loans

November 16, 2011

Lawmakers have introduced a bill in the U.S. Senate, The Empowering States’ Rights to Protect Consumers Act, that would restrict how much interest credit card companies and lenders could charge consumers.”It’s time to stop Wall Street banks and their credit card subsidiaries from taking advantage of struggling families … across the nation,” said Rhode Island Senator Sheldon Whitehouse, the chief sponsor of the bill. “This legislation would restore historic, long-standing states’ rights to protect consumers from improperly high interest rates.”

Alaska Senator Mark Begich, one of six other senators who have signed on in support of the bill, said the legislation would level the playing field for consumers and prevent credit card companies from charging unfair interest rates.

Should the bill pass through Congress and be signed into law, it could lead to lower interest rates on credit accounts. However, it won’t be able to prevent unfair or inaccurate information that can mar consumers’ credit scores. Individuals should review their financial histories to make sure their scores are based on properly reported information

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Effects of Bankruptcy Thu, 17 Jan 2013 16:50:29 +0000 admin Continue reading ]]>  

In 2010, more than 1.5 million Americans filed for bankruptcy. Unfortunately, many bankruptcy attorneys do not adequately explain the effects of bankruptcy to their clients. Put simply, the total financial and emotional costs of filing bankruptcy can almost never be truly quantified. Even the credit score impact alone can be devastating. For example, when you file for bankruptcy, every credit account you decide to include within that bankruptcy will become listed on your credit reports as an account.


Usually, the more of those that appear, the worse your credit score. Additionally, the bankruptcy filing and bankruptcy discharge listings themselves (separate from those included in bankruptcy listings) will also appear in the court records section of your credit report. Because so many negative items are attached to one single bankruptcy proceeding, removing all traces of that bankruptcy filing may seem daunting. For that reason, and if at all possible, you should avoid 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!

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Garden State residents with highest average mortgage down payments Thu, 17 Jan 2013 16:50:00 +0000 admin Continue reading ]]>

Garden State residents with highest average mortgage down payments

February 03, 2012

A new survey has been released that details which states’ residents tend to pay the most for down payments on a home.According to LendingTree, New Jersey residents have the highest average down payments of all 50 states and Washington, D.C., spending an average of 13.76 percent of the value of their properties. The state with the lowest down payment average is North Dakota, where residents shell out an average of 11.37 percent.Regulators are considering passing a bill that would require homebuyers to put 20 percent down on a property in order to get the most favorable rates. But considering that the highest average homeowners put down is less than 14 percent, LendingTree’s CEO says that would be a mistake.

“If federal regulators were to adopt the proposed 20 percent down payment requirement, a majority of borrowers wouldn’t be able to meet the standard given the findings in this report,” said Doug Lebda. “The proposed rule is part of a larger set of requirements that would exempt qualified borrowers from risk retention requirements.”

A strong credit report is among many things lenders take into consideration when deciding whether or not to approve a loan request.

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Credit Repair Services Works Like This? Thu, 17 Jan 2013 16:39:03 +0000 admin Continue reading ]]> Credit Repair Services Works Like This?

Vitesse outshines the competition by having achieved great results while telling the truth.


Here’s how it works:


Several laws regulate those who report information about you to the credit bureaus. Our law firm then demands that the credit companies demonstrate their strict adherence to those applicable laws. If your creditors fail to do so, their credit reporting must be revised or removed. In that regard, information reported to the credit bureaus must not only be technically accurate but must be fair, relevant, and verifiable as well.

Bound by standards of ethical practice and attorney-client privilege, we respect and utilize applicable federal consumer laws to guide our actions and help protect our clients. As a result you can expect the credit repair services delivered with explicit integrity.


For more information on how you can help your credit score, call the professionals at Vitesse Financial for your free consultation today. Call toll free at 866.407.9110.

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Fix Your Credit after Identity Theft Thu, 17 Jan 2013 16:38:27 +0000 admin Continue reading ]]> Fix Your Credit after Identity Theft

For the most part, technology is a universally beneficial entity. Advances have changed the faces of communication, science, and information. On the opposite end of the spectrum, confidentiality has become more difficult to safeguard. In a world where information is a click away, identity theft has plagued the lives of thousands. If you are a victim, learning how to fix your credit is the first step in overcoming this trial. Follow the steps below to fight for your financial privacy.

  1. 1.    File a police report.
  2. Call your lenders.
  3. Dispute fraudulent accounts.
  4. Activate a fraud alert.
  5. Follow up.

Learning how to fix your credit is not an intuitive process, especially after identity theft. Minimize the damage by keeping detailed financial records and informing the necessary parties. While injustice may sometimes be unavoidable, don’t let this one consume your future.

For more information on how you can help your credit score, call the professionals at Vitesse Financial for your free consultation today. Call toll free at 866.407.9110.

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Credit Impact of Filing Bankruptcy– Thu, 17 Jan 2013 16:38:04 +0000 admin Continue reading ]]> Bankruptcy could keep you from getting new loans

Bankruptcy directly impacts your credit score, and your credit score impacts your ability to qualify for any loan, including a car loan. For example, the next time you plan to purchase a car, a lower credit score could cause you to either pay a much higher interest rate which can radically increase the overall cost of the purchase. Credit repair after bankruptcy may be one solution towards getting you back on track with your credit reports.


Your car insurance premiums can increase because of a bankruptcy

Insurance companies look at your credit history to determine what kind of a risk you present to them. Your premiums are based on that risk. Just as a series of car accidents makes you a risky person to insure, filing for bankruptcy makes you look riskier regarding whether or not you’ll actually pay your bills on time which can directly impact your rates.


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!


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Consumer hotline errors preventing some complaints from reaching banks Thu, 17 Jan 2013 16:31:22 +0000 admin Continue reading ]]> Credit Repair News

Consumer hotline errors preventing some complaints from reaching banks

September 21, 2011

Technical glitches in the Consumer Financial Protection Bureau’s new consumer hotline have led some credit card complaints to never reach banks, according to Bloomberg.The news source states the hotline, which has been in place since the end of July, was part of the Dodd-Frank Act, and aims to provide consumers with an outlet for complaining about credit issues. However, technical problems have prevented many consumers’ messages to their banks from going through.Richard Hunt, head of the Consumer Bankers Association, told the source some banks noticed there may have been an issue with the hotline when the volume of complaints dropped substantially in recent weeks. Many of these banks, Hunt stated, were concerned they may be blamed for unanswered questions and comments.”If you’re a bank, you don’t know there has been a complaint unless the CFPB tells you,” Hunt told Bloomberg.CFPB spokesperson Jen Howard stated the issue is being resolved and should be completely fixed within a matter of weeks.

Many consumers trying to get through to their banks may have queries about credit issues. Should these lending institutions be unable to provide answers to credit problems, cardholders may want to speak with a credit repair attorney.

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