There is a clever thief in your life.
Silently stalking your bank accounts.
He may have gone undetected for years. You may even know about him but you choose to ignore. His deadly stealth is like a parasite or virus, slowly draining away your money, stealing your financial strength, making you ill, but so deceptive that you do not suspect him. You may have even knowingly let him into your life.
Occasionally you curse him, but because you are oblivious to the cure, you continue to feed and serve him.
His friends are high interest rates, penalties and fees. He hangs out with other deadly buddies like foreclosure and default. Enemies that you would never let come near you. But he is much more clever and deceptive. You let him stay. Not because you like him, because you don’t. But because you may not know just how vicious and deadly he really is, and because you simply don’t know what to do about him, you are convinced that you have to put up with him.
So who is this thief?
He is the negative item on your credit report. Most likely his whole family of derogatory buddies have moved in too.
So why do you let him stay?
Oh, you think he belongs there because it was your fault. YOU let him move in. YOU gave him a place at your table. So, YOU continue to feed him. You really don’t want to, but because you thought it was your mistake, YOU tolerate him.
You don’t have to.
That’s right. Even if you believe that the negative item is your fault and therefore legit, you can still get rid of him and keep him from stealing your money and giving it to his friends. How?
Kick him out. Eliminate him. Remove him from your life forever.
The solution is much easier than you ever imagined. A credit repair attorney discovered the cure, almost by accident. What he found was so unique, so effective, and worked so well that he patented the procedure.
Like finding a cure to a dreaded disease, legally and masterfully cleaning and restoring your credit can make you whole in so many ways.
So, just how much difference can a few bad marks on your credit report make?
My Example
Let’s take a look at my example. It was just about one year ago, I went into a lending institution to inquire about a loan for a car. My old car was on it’s last legs and I had found a great deal on a replacement. It was used but in great shape. The loan officer took down some information and explained to me that their base rate for late model cars was 8.9%. He would see what he could do and asked me to come back the next day. When I came back in he said he had good news and bad news. The good news was that I was approved. But, the bad news was that because of some negative items on my credit, the rate would be 13.9% instead of 8.9%. I muttered something under my breath, cursing that credit score, but went ahead and signed the loan papers, got the money and bought the car. What I had just agreed to was to give the bank almost $500 extra a year for the next couple of years just because of those negative items on my credit report. Why did I do it? I felt I had no other choice.
In thinking about it I realized that we had done the same thing on our mortgage. When we refinanced, the rate for borrowers with excellent credit was 5.25% but we had to settle for 6.875%. Now that may not seem like a lot but it means that we pay an EXTRA $2,000 each and every year.
And, If you include credit cards and other debt, I was losing hundreds every month, thousands every year, and for what?
The derogatory items on my credit report were slowly bleeding me to death.
Something had to give.
Think about it. This is simple enough for everyone. If you really understand money and know how to manage it, just putting $2400 into a retirement account each year could make a huge difference. After 20 years of saving $200 per month at a modest investment rate of 7%, with compounding, the resulting account value would be $104,793.08. After 30 years it would be $245,417.50. By contrast, if you over spend $100-200 each and every month and continue to borrow more and more, at some point you find yourself in a prison that is almost impossible to escape.
I had to find a cure.
I wasn’t getting any younger and no one was building my retirement for me.
But very soon I found that leaping into the credit repair foray was not the answer either. The field is wrought with charlatans and scam artists. I soon learned a couple of important facts:
1.There is no miracle pill.
2.If anyone is telling you they can repair credit overnight, they are lying.
3.Do it yourself is kind of like changing your own oil. Yes, it can be done but it might get messy and and if done wrong, it could even be disastrous.
4.It is not necessary to pay $2000, $1000 or even $500 to get the job done. And, expensive “credit repair” services do not work better – many do not work at all.
Most importantly, I discovered that the real cure to my credit problems required fixing two parts. First I had to fix the “reporting” of my credit and stop the bleeding. But the second part, the most important part, I had to fix my habits so that the villain was defeated, permanently. I had to recover and heal. And you know, the fixes were not that hard. They were things I wanted to do anyway. I just did not know how.
Once I found the right service, the first part was a breeze. The kind and patient people at Money Mastery For Life were like a breath of fresh air. I got the right information, the right help and someone I could turn to when I needed it.
The difference.
If you are like me you get assaulted daily with offers. There is always someone out there claiming they can settle your debt, fix your credit, loan you more money or something. The most dangerous lies are those camouflaged with true statements. That is why so many of the offers really do sound good – all the way up and until you encounter the lie or misrepresentation that was being hidden. By then it is too late.
Money Mastery for Life is into full disclosure. In fact they don’t even mind telling you how their secret credit repair process works, because they also understand that there is considerable skill involved. Furthermore it is patented and therefore cannot be copied.
Much the same as businesses always employ an accountant to do their taxes, credit repair is best left to professionals. Not because it is too hard to understand but because it can be complicated and easy to miss something.
The results were beyond my expectations.
Honestly, I have to tell you that, at the beginning, I did not even have a clue about the second part. You see, like almost every American out there, my education failed me. Although I had spent years learning skills and training for a career in doing something that would make money, no one had ever taught me about how to manage money. When I began to learn the tips and techniques, skills and tools that would make money work for me, it was like walking out of a fog. All at once I could see clearly. The solutions to the money problems that had plagued me for years were evident. Finally, I was in control.
Conclusion.
Don’t let the negative credit item thief steal another dime. You can fight back. You can defeat him. You just need the right help:
Here is where to start, click.
Tags: credit repair, fix credit, fix credit score, money management
December 9th, 2009 at 9:46 am
Kent, you said, \" I had to fix my habits so that the villain was defeated, permanently.\"
Having good spending habits is so important – especially when you are raising children, and teaching them about money.
Thanks for this great article.