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Richard Allen
Helping Consumers Reach Their Financial Goals
Helping Consumers Reach Their Financial Goals
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Click the link below to visit our website, and learn more about how we can help you build your credit:
http://heritagecreditrepair.com/

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Horace Grant talks about credit, and how Heritage Credit Group can help repair any credit discrepancies you may have.
Learn More by clicking the link below:
http://heritagecreditrepair.com/

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From Lizet’s Desk: Credit Reports

Should consumers use a credit report that comes directly from the credit bureaus or is a less expensive consumer-based report good enough?

Since an on-going monthly purchase of these reports is necessary for credit repair, we currently are using consumer-based credit reports for our clients because they are less costly than a bureau-based report. We figured our clients were best served by keeping costs down as much as possible.

However, as we are becoming more actively involved in winning cash awards for our clients and looking at credit reports more from a legal standpoint, the consumer-based reports made little sense because they simply are not accurate enough.

For example, if you have not read Richard’s latest blog, please read it here: New Law Could Mean Cash for You

You will learn about a new law that can net you thousands of dollars. To determine if a violation has occurred, a consumer-based report simply isn’t good enough. Subscribing to these reports will not tell us if you are in line to win award money or not.

Additionally many of our clients are looking to refinance or purchase a home. Our mortgage lenders tell us the histories and scores listed on the consumer-based reports do not tell the whole story. So we may send a client to get their new loan only to find out more work is necessary.

For these reasons, we will now begin employing the use of bureau-based credit reports which will cost a little bit more but will put our clients in the best possible position to win cash award monies and get accurate credit scores.

http://heritagecreditrepair.com/
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Purchase low-cost items on credit to improve credit.

Many consumers, in an attempt to improve their credit, will buy something on credit. The idea is timely payments show up the credit report raising ones’ credit score. While this is true, there is potential down-side. Many consumers we interview will purchase a high-ticket item, such as a car so they can begin showing a history of payments. The problem here is, the high interest rate makes the strategy way too costly.

Example: Auto costs $15,000. The loan is a 60 month term at 17% interest rate. (This is a very common scenario for consumers with poor credit). Monthly payment is $372.79. Very affordable and you are building your credit, but at what cost? At the end of the day, you will have paid a total of $22,367.40. That’s $15 thousand for a car that 5 years later will be worth a few hundred bucks. The cost to build your credit: $7,367 paid in interest payments.

There is a better, less expensive way to build credit. Please see http://heritagecreditrepair.com/give-credit/.
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Announcing our latest cash award winner!

Congratulations to Sharon Dominguez, our latest client to receive a cash award of over $2,000!

If you would like to know how you can get your check, please click the following link.

http://heritagecreditrepair.com/credit-counseling-debt-cou…/

"It Pays to Do Business With the Heritage Group."
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From Lizet’s Desk: Medical Bills

Consumers usually need our service due to debts that are defaulted on. It is not always done purposefully, as in the case of medical bills. However, many others default simply because they have over-extended their credit cards.

Although there may be fewer bills to worry about after defaulting, there will now be a whole new set of problems, in terms of horrible credit, which is very, very expensive as well as stress from collection efforts.

So when a new client comes to us, it is gratifying to know they want to have a fresh start. When a person wants an improved credit profile, they have reached a point of higher responsibility. They are no longer content with a poor FICO and the ramifications that come with that. They are choosing to make timely payments on their existing bills and to a credit repair company to remedy the problem. They understand this will lead to an improved, profitable future.

We commend our clients for that decision. Sadly however, some, even after paying us a substantial amount for credit restoration, go back to the old mentality and begin defaulting on their debts again! Sometimes that even means defaulting on the credit repair company!
The last thing a consumer could possibly want to happen is allow their credit profile to begin circling the drain right after working so hard to improve it!

We understand that circumstances change and that sometimes it is just not possible to pay as one would like. We get it. But please do not default on your credit repair company! You need us now more than ever!

If you are experiencing financial difficulty, please call us! We will work out a payment schedule for you that can be easily managed! This way you won’t lose the initial investment but more importantly, you can stay the course and get that fresh start you really desire!

http://heritagecreditrepair.com/
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