Tag Archives: credit repair tips

The Effects Of a Late Payment on Your Credit Score

From: freecreditrestore.net
San Diego, CA

Most people do not know that a “Late Payment” on even 1 account can lower a credit score by as much as 50-120 points. Facts show that ate payments quite often lead to non-payments. If you stop paying on an account altogether within a few months that account will be “charged-off” by the creditor and when that happens your credit score goes down another 50-80 points.

Charged-Off accounts get sent to a 3rd party debt collector and when they start calling you 4 times a day they also put a “Collections” notice on your credit report and once again your score drops another 30-50 points. That’s a total of “3 Negatives” on your credit report and a decrease in your credit score of between 130-250 points. This all could end up happening to you because of just 1 late payment. This is a downward spiral that keeps getting worse. Take control over your credit this new year.


News: Woman Sues Capitol One for Debt Collection Harassment After Receiving Letter Demanding $286 Million

From Freecreditrestore.net
San Diego, CA

Yes, you heared it: Collection letter demanding $286 Million, I wonder if Capital One wanted her attention?

Facts about the story:
According to the complaint, Capitol One first demanded Perry pay $3,845 for purchases on a credit card. Perry disputed the debt and turned the letter over to her family lawyer, who wrote Capital One to cease and desist contacting Perry directly. Disregarding the letter, Capitol One allegedly stepped up collection efforts, placing more calls to Perry and claiming that it was doing so because the lawyer did not make a substantial settlement offer to resolve the account. Telephone calls were made to her home and workplace, where she alleges, her employer does not allow personal calls.

Subsequently, Perry received more letters, each demanding different amounts, some higher than others, all threatening legal action if not paid promptly. The letters failed to state how the varying amounts were calculated or if amounts sought were based upon any contract between Capital One and Perry authorizing such charges. After a second cease and desist letter from the family lawyer was disregarded, Capital One in response sent a letter demanding immediate payment of $286,651,237 from Perry. The letter went on to instruct Perry to mail full payment in the envelope provided. It was at this time that Perry’s family lawyer contacted Kimmel, who assumed representation.

The complaint alleges the $286 million demand was so outrageous that it could not be the result of a computer glitch, and that it required human intervention to be sent. Perry alleges the basis for sending it was embarrass, humiliate, intimidate and cause emotional distress, of amounts incapable of being understood.


Taking the “Bull by the Horn’s” – Getting your Credit Restored Fast-

From www.freecreditrestore.net

Saturday December 18, 2010 San Diego, CA

 We have spent a lot of time listening to people talk about how bad they have it because of what has happened to them financially over the past few years.  Over and over we hear the same thing ” I can’t change my credit for another 5-10 years and it is holding me back – I can’t do anything about it”.   This is especially discouraging to me and my colleagues.  We see first hand every day consumers using the correct knowledge to get their credit back in order fast and correctly.

 There is so much confusion out there about this process, let’s try and figure this out:

1. You do Not need a firm to clean your credit reports, you can do this yourself.  This is true actually,   the reporting agencies put out this information hoping that you will do it yourself and fail.  We know of a way you can succeed Fast and Super Cheap.

2.   Credit Agencies have “rigged it” So the normal person cannot fix their credit themselves.  This is True for the majority, but not the fortunate few with the right knowledge.  The agencies have made it virtually impossible for you to do this yourself unless you are one of the fortunate ones that have learned the correct way with the right letter, we will point you in the right direction.

There is a way to fix your credit fast and very cheap, there is no need to pay some firm hundreds or thousands of dollars to do this for you.  They take a long, long time and cost you a lot of money also, their results are not even as good as you can do for yourself Fast!  So,  Take The Bull By It’s Horns-  Make changes now!  email us for the info to get started right away and get your credit restored in as little as 20 days. Go to our order page.