Nowadays is essential to have a good credit score. The status of your credit rating will have a massive effect on your future financial endeavors such as buying a car,a house or even landing that dream job. To improve your rating you need to repair your credit, unfortunately, it consumes a lot of time, money and effort. Please, let me introduce you credit360. A elite team of credit experts that know exactly what techniques will assist you with increasing your credit scores. The dedication to your credit success is seen by our proven results. Our effective disputing strategies usually allow us to remove collections, charge-off's, reposessions and foreclosures quickly. ...read more

5 Biggest Mistake Home Buyers Make Purchasing a home is an exciting experience. At the same time it can be a little scary if you don’t know what to expect. Many potential home buyers apply each year for a home loan to live the American dream. Unfortunately many of them are denied for their loans due to common avoidable mistakes. This Special Report has been prepared for you to outline the 5 biggest mistakes home buyers make and how you can avoid them. You will also learn 3 guaranteed ways you can apply and be APPROVED for your home loan. This special report will provide you the information you need to insure your loan application process goes smoothly and that you are approved for your new home. To get started we will take a look at the 5 biggest mistakes that most home buyers make. 5 Biggest Mistake Home Buyers Make Mistake #1 Applying for a Home Loan with Unresolved Credit Issues Many borrowers apply for home loans each year knowing they have credit problems. In most of these cases the consumers were victims of a broken credit system. Usually one event happens which causes the consumer to go late on some payments. The credit then becomes damaged, and the credit quality starts progressively getting worse. Eventually the consumer cannot apply and be approved for new credit due to the resulting credit damage. In this case most borrowers do nothing. They simply wait for the credit to get better which never happens. As the negative items sit and fester on the credit report, the credit scores continue to decrease. With no improvement and no new credit being added, the credit scores will then stay low or go lower through time. 5 Biggest Mistakes Most Home Buyers Make 4 When this happens, the credit quality is so bad that the borrower will quickly be declined for a home loan and most other type of loans they will apply for. Don’t make this mistake. Credit does NOT fix itself, and if you have only older negative accounts on your credit you will more than likely be denied a home loan if you apply. Focus on repairing some of these issues before you apply. The only way to repair these issues is to focus on deleting negative accounts while adding positive accounts in their place. Following these steps will dramatically improve your credit profile and increase your credit scores so you will qualify. Mistake #2 Paying of Collections to Increase the Credit Scores Most consumers believe that by paying off collections they are improving their credit scores. Collection companies commonly miss-inform consumers this will help their credit. Many mortgage brokers also tell customers to pay off collections and then come back and “maybe” you will qualify. Many home buyers try to pay off all their collections before applying for a new home loan so they will be approved. In reality paying off collections does NOT help credit scores. Once an account goes into collections it is listed as a “9” status which designates a charge-off. If you pay a collection the status still stays a “9” collection status. The balance reports as 0, but the collection status and damage still remains. Your credit score is a number which reflects your risk of defaulting on accounts in the future. When you have an account which goes to collection, you have shown the greatest risk of default on that account. Paying the account after collection will not reduce your risk of default, so your scores stay low even if the collection is paid off. 5 Biggest Mistakes Most Home Buyers Make 5 The only way to truly fix credit is to have that item properly disputed and deleted. If the account is deleted there is no record on the credit that it ever existed. Plus the credit scores increase also as if they account never existed. Don’t make this mistake and throw money away by paying off collections. Paying off collections will NOT raise your credit scores and will not increase your chances of getting approved. Y ou are better to save your money and use it for a professional credit improvement system and to use towards your home purchase. Mistake #3 Waiting to Purchase until the Credit Gets Better Many consumers wait to purchases a home until their credit is better. They wait and wait, but the credit doesn’t get better on their own and they are left forever waiting for their opportunity to qualify. Your credit scores and credit profile will NOT get better with time. Most negative accounts will remain on the credit report for 7-10 years past the date of first default. So if you wait for these items to drop off your report, you could be waiting for a decade or more and miss out on great interest rates and loan terms. Most consumers with credit issues struggle to get approved for new credit. In the end many give up and leave their credit with no positive accounts reporting, only older negative accounts. When this happens all that is left on the report are negative accounts. This will keep the credit score low permanently. If nothing is done with the credit the negative items will eventually drop off in 10 years or so. But with no positive credit reporting the scores will then be 0 and the consumer will not then qualify for a home loan with that score. Don’t make this mistake. Your credit profile and score will not get better on their own, no matter how long you wait. 5 Biggest Mistakes Most Home Buyers Make 6 The best solution is to have a professional credit company walk through your report with you to see what can be done. In most cases they can help you delete negative items from your report while helping you get approved for positive credit. Your credit scores will then increase, and you can quickly have a credit profile where you can apply and get approved for your new home loan. Mistake #4 Attempting to Get Credit Approved with a Co-Borrower There are many instances in which a co-borrower can be added to a loan to help with qualification. One of the best reasons for a co-borrower to be added to a loan is so more income can be shown to increase the amount of home you might qualify for. Even though there are many other examples of where a co-borrower can help secure loan approval, a coborrower will not help an application for credit purposes. Each borrower on a loan must have the credit to qualify for that loan. So even if you have an excellent credit co-borrower, your credit would also have to be acceptable to be approved. If the credit score requirement for your home loan is 640, both borrowers must have above a 640 score to qualify. If a borrower has a 720 credit score and the other borrower only has a 620 credit score, the lower score borrower could not qualify to go on that loan. All borrowers on the loan must have an acceptable credit score. Co-borrowers cannot be added to get past these credit requirements. Don’t make this mistake. If you have credit issues and know of a co-borrower with no credit issues, you will not be able to be put on that loan until your credit issues are corrected. 5 Biggest Mistakes Most Home Buyers Make 7 You must have an acceptable credit profile and credit scores to be approved for a home loan no matter whether you are the borrower or co-borrower. Speak with a professional credit company about what can be done to improve your credit. Once you have an acceptable credit score you will qualify and might not need a co-borrower on your loan. Mistake #5 Ignoring Credit Issues Until You Find a Home Most consumers ignore their credit issues until they find something they want to buy. A lot of borrowers come to get approved for a mortgage only after they have found a home they have fallen in love with. Then they apply just to find they don’t have the credit to qualify, and they miss their opportunity to own their dream home. If you know you have some credit issues you should talk with a credit expert before applying. A good credit company can help you resolve most of those issues. The credit repair process does take some time, so you want to get started before you find a home you love. As soon as you know you are sure you want to own a home make contact with a credit firm. Have them review your report with you to see what they can do to help improve your credit profile. Sometimes the improvement process might take only 30 days. In other cases you might need 6-8 months of work done before you qualify. You want to insure you have more than enough time to put your credit in order to qualify, so make contact with a professional credit company the minute you know you want to buy a home. This way your credit will not hold you back from owning the home of your dreams. Don’t make this mistake. Make sure you obtain a free credit report and contact a professional credit company for an analysis. You can then have many of your credit issues fixed before you apply for your new home loan. 5 Biggest Mistakes Most Home Buyers Make 8 3 Guaranteed Ways to Get Approved for a Home Loan ...read more

1. Save money on interestLow credit scores mean higher interest rates, and that means higher finance charges on your credit card balances. Repairing your credit would allow you to get a more competitive interest rate and cut back on the money you pay in interest. 2. Stop paying high security depositsUtility service providers and even phone companies check your credit before allowing you to establish service. To offset the risk of a default, those service providers charge you a deposit. Making your payments on time will allow you to get your deposit back. Improving your credit score keeps you from having to pay the deposit all together. 3. Get a lower insurance rateBelieve it or not, your credit history affects what you pay on insurance premiums. This includes auto, life, and home insurance. A bad credit history means you'll pay more for insurance than you would if you had better credit. 4. Stop paying cash for everythingIf you have bad credit, you'll have a hard time getting a credit card, which means you'll end up paying cash for everything. It doesn't become a nuisance until you need to do something like renting a car, where you have to pay an extra deposit if you don't use a credit card. 5. Get a higher credit limitGenerally, as you demonstrate you can pay your bill on time, your creditors will increase your credit limit. But, before a credit card issuer increases your credit limit, it checks your credit. A bad credit history might get your credit limit cut, giving you less room to make purchases. 6. Stop debt collector harassmentRepairing your credit includes paying off those debt collection accounts. Until you do, you face relentless calls and letters from debt collectors. While you can take action to stop debt collector calls, collection accounts often move from one debt collector to another. When a new collector gets your debt, you'll have to go through the process of stopping the calls all over again. 7. Feel better about your credit scoreAfter you repair your credit, you won't have to be afraid of checking your credit score or worse, having someone else check it. You can have confidence knowing you have a healthy credit score. 8. Buy a new houseHomeownership has always been the American Dream. Bad credit is the nightmare that keeps you far away from that dream. Many banks won't lend you a mortgage until you've repaired your credit. Those that will approve you with a high interest rate that makes home ownership cost a lot more. 9. Rent an apartmentNot only can bad credit keep you from buying a home, it can also keep you from renting an apartment. Many landlords now check credit to determine the probability that you'll be late on your rent. Bad credit could get your rental application denied. 10. Buy a new (or newer) car Auto lenders are among the many businesses that check your credit before lending to you. Without a good credit score, your auto loan application could be denied leaving you to drive the same vehicle. 11. Get a job Employers check credit before deciding to hire you. Some government and financial jobs are particularly curious to know about your financial history. A bad credit history could cost you the job, or the promotion if you're already employed. 12. Take some financial pressure off your spouse When one spouse has better credit than the other, the spouse with good credit will be the one applying for the loans and credit cards. Improving your credit will let you bear some of the credit-brunt rather than placing it entirely on your spouse. 13. Stop relying on co-signers When you have bad credit, you'll often need others to co-sign for your loans and credit cards. If you can find somemone to co-sign, you're putting financial pressure on them but they don't receive any of the benefit. Repairing your credit will save you the time and hassle of burdening someone else with co-signatures. 14. Start your own business Starting a new business takes money, so many entrepreneurs rely on small business loans to get their businesses of the ground. Bad credit can keep you from getting the financing you need to start your new business. You'll have to improve your credit before a bank will give you a loan. 15. Protect your children's credit score Having bad credit can tempt you to use your child's credit. You might think you'd never do that but you never know what you'll do when your desperate. Say you have to have electricity turned on, but your credit's too bad. You could easily rationalize using your child's credit to have the electricity turned on. Keep your own good credit and you won't think about exploiting your child's. ...read more