Home Financing Ninja

Myths About Credit Repair - Tampa, Florida

Today, as I am browsing thru articles and content, I cam across two posts about Credit Repair - Tampa Florida. Now while I am optimizing this for geographical keywords, the two posts that I saw today are from individuals that IMHO (in my humble opinion) should not be talking about credit repair tampa florida.

Biggest Myths about Credit Repair Tampa Florida: Credit score determines interest rate when buying Tampa Homes for Sale - Tampa, Florida: In the past it did, now it doesn't.  This is thanks to legislation that Tampa mortgage companies now have to abide bu that came effective on April 1, 2011.

Myths about Credit Repair Tampa Florida: It is difficult to raise your credit score - tampa florida:  Absolutely not.  Most companies will make a one time courtesy adjustment for late payments.  But a little know fact is a credit repair tampa florida option called "pay for deletion".  This is where you bring the account to current (or pay off a collection) in exchange for it being updated with no late payment history (for current and active trade lines or accounts) or being removed (for collection accounts)

The easiest and quickest way to do credit repair tampa florida is to monitor closely your debt utilization ratio.  This is the amount of your total revolving (credit card) account balance versus the total limits.  Take for instance the following chart

Collections are most likely going to have to be paid off when buying homes for sale tampa florida.  When doing your own credit repair tampa florida it is important to know that paying off collection accounts will actually cause your credit score to go DOWN (not up).  Simply contact the collection company, offer to pay the account if they agree to issue a letter on company letterhead authorizing removal of that account or tradeline.

Another credit repair tampa florida technique that is overlooked is the fact of NO revolving credit.  There are several places to get secured lines of credit (I am not referring to second chances credit cards where a client is charged an enormous interest rate.) Bank of America offers a $300 secured card (one must deposit an amount equal to the credit line into a savings account) at a very fair APR (last time I looked it was 16 - 17%)  Several tampa credit unions and smaller tampa banks will also offer lines of credit this same way.

More myths about credit repair Tampa, Florida are covered in my daily strategy meeting. Here we discuss the top 10 myths about credit repair tampa florida.  Strategy session is called 8 Insiders Tips to Build Your Credit Score that the Big 3 Hope you Never Learn

So, if you (or someone you know) is looking for credit repair tampa florida contact the ninja (me) - We gaurantee a credit score of 640 or it is free.  Of course, you can request the kit of letters to do it yourself (but would you really want, or even have time to perform your own credit repair tampa florida?

After you have gone thru our credit repair tampa florida program and you utilize me for financing, I will refund the entire cost to you (but not any deposits with other banks)

Realtors - in my followup part to this, I will show you how to get more referrals by using video and letting your clients know the truth about Myths About Credit Repair - Tampa, Florida