Debt Help Consulting

  The myths spread faster than the trues, that is why I am going to explain some of the most common myths in the credit repair area, one of the biggest myths is that you need a professional agency to manage your debt problems, this agencies can help you nevertheless they charge big fees for something you can handle yourself pretty well.

Myth 1: I can't do it by myself, professionals needs to handle this situation.

You may need help in many areas of your life, but credit repair and debt consolidation is not one of them, believe me you can do it, if I did it you can do it too. I still remember the first time I saw my credit report I realize I had some late payments, a judgment and some other stuff, in that moment my first thought was "I need immediate help with this" after getting some good education on the topic I was able to do it all by myself and now I am going to give you the best education possible on these topics (debt consolidation, credit repair, and debt management)so you can face this problem by yourself. After I had my credit report in my hands I start watching some huge mistakes, some of these mistakes were from the creditor, some other were from the credit bureau, and after making some more research I realize that anywhere from 75% to 90% of credit reports contain errors.

The Myth number 2: Your bad credit can't be fix.

Not at all, having a bad credit rate does not mean you can't fix it, it may take you some time to do it, but you can definitely do it. There are several avenues to repair your credit, build positive lines of credit and returning on the good credit path. One of my most embarrassing stories occur me when I was applying for a Banana Republic card and I was denied in the middle of a very important Holiday, improving your credit it is just a matter of get the right education on the right topics and with my videos you will get all the education you need.

The myth # 3: One credit Score is all you have.

In reality, you have three credit scores, one from each of the major credit reporting agencies. All three will give different scores, so when applying for credit one company may use one company and other place a different one. It's always good to know your score from all three bureaus. They can vary by as much as 50 points.

The 4 Myth: If you check you credit this will lower your score.

There are different types of inquiries: soft inquiries and hard inquiries, the hard inquiries are the ones that will affect your credit score and these are done from the companies you wish to get the credit from, the other inquiries does not affect your credit score and those are the inquiries where you just want the information for promotional porpoises.

The Myth # 5: If you are shopping around for a Loan your score will be lower.

This is one of the most common myths, remember that if you are looking for a credit from several vendors (mortgage, car loans, home loans, etc...), all this inquiries will appear in your credit report just once but remember that this just apply if the same kind of inquiry is made within 14 days, the only exception to this rule are credit cards.

The myth # 6: Remove ll the negative items is the only way to improve my score.

This is true, but ONLY one piece of the credit repair puzzle. Although, getting negative items removed from your score will raise it, building "positive credit" is what will build your score further. Have you ever been turned down for having no credit? In other words, you don't have any "positive credit" built up with credit card companies.

"How to reduce your credit card interest rate with one simple phone call" this is a free advice

It's actually quite simple. How to do it you ask? Break out your telephone, call them, and ask to reduce your interest rate. Mention that you have sitting in front of you, a credit card with a lower interest rate. Possibly a zero percent interest rate for 6 months, which then turns into a 8% rate. If your current rate is 22%. A simple call will lower it. Mention that you are looking to balance transfer unless they lower your interest rate. Be nice to the operator. If they cannot drop the interest rate, speak to the supervisor. In most cases, after speaking with the supervisor they will drop your rate. To threaten to leave is the key.