Archive for the ‘bad credit’ Category
Lease Option Home — Beautifully Renovated Home in Las Vegas.
We have just received a freshly renovated home for our lease option (aka, rent-to-own) program in the Las Vegas, NV market. This home has brand new paint, new 16” and 18” flooring throughout the entire home. New carpets overlay this new tile in the bedrooms and the new owner can go either way. Stove and refrigerator come with this lovely home. It also has an entertainment gazebo in the back yard with desert landscaping in both front and back yards. Countertops are granite tile. Brand new kitchen cabinetry also abound.
Terms are quite simple:
Address: 1017 Magnolia Ave.., Las Vegas, NV 89108
Purchase price locked for two years at $99,000.
Lease Option Payment: $4,000 (which is fully applied toward the purchase)
Monthly Payment: $1,395
Rental Credit: $200 (which is also applied toward the purchase)
Home Details:
3 bed
1 bath
1386 square feet
Built in 1954
0.16 acres
1 story
To see our marketing page for locations, pictures and further details:
http://ifindproperties2.fmgateway.com/trident/details.php?id=14080
Our lease option program has been assisting to connect owners with qualified tenant/buyers for their homes. Trident Investments Group has been assisting people since 2004 and have successfully helped a number of people become home owners again or for the first time.
Contact us today:
Kevin A. Dunlap
Trident Investments Group
Office: 702-516-5698
Cell: 702-591-1784
Fax: 866-900-7452
kevin@tridentinvestmentsllc.com
http://www.tridentinvestmentsllc.com
Happy Investing!
$100 off of Annual Cost for Credit Repair… Expires Soon
We have been given permission to give $100 off for the next few days on the regular annual charge of $499. This is a 20% savings. This deal won’t last too long. You will pay only $399 for the annual charge for credit repair with NO ADDTIONAL MONTHLY charges.
Imagine being able to qualify for a new car loan, or start taking classes with a new school loan, or maybe you can now get that home you have always wanted with a small cost of $399 to raise your credit scores.
Go to our affiliates information website at: http://www.united-credit.org for additional details.
Then call Kevin to enroll at: (702) 591-1784 or contact us via email: credit@TridentInvestmentsLLC.com
Credit Repair — Top 10 questions people have on it.
More details can be found on our website at: http://www.tridentinvestmentsllc.com/credit/
1. How is bad credit removed from my credit report?
The Foundation offers credit repair services through an affiliated attorney network. An Attorney enforces your consumer rights. Everyone knows that under the law, if you are accused of anything, the burden of proof lies with your accuser. In other words, if the credit bureaus are going to promote and sell information about you that can cause you economic hardship, they must back it up to the full letter of the law.
Congress has provided consumers the right to challenge information that is deemed to be inaccurate or information that is not properly validated under the law must be removed regardless as to whether it is accurate or not. Regardless of the accuracy, credit bureaus are often unwilling to invest the resources necessary or unable to get the credit grantor to invest the resources necessary to verify the disputed item. Oftentimes, it becomes a matter of economics. If the case is presented properly, it is often more difficult and expensive for the credit bureaus to substantiate the item than to simply remove it.
The law requires more than a form letter to verify that an item is accurate. If the credit bureau confirms an item on your report, the assigned attorney will ratchet up the intensity of our challenge and represent it. This forces the bureau to invest additional time and expense to conduct the new investigation.
2. Do I need to know exactly what is on my credit reports before I sign up for the service?
No! If you have been turned down for credit or pay sub-prime interest rates you need to restore your credit. Most lenders obtain consumer credit history reports and scores by subscribing to at least one of the three major national credit reporting bureaus, In turn, they must report information about their accounts to the bureaus. Usually, consumers do not know everything that is listed on each of their reports unless they pay for a credit monitoring service.
3. Is repairing my credit legal?
Absolutely! If credit repair was illegal, attorneys would not offer this service. Congress has provided consumers with the right to challenge information that’s deemed to be inaccurate or unverifiable or obsolete. Therefore, the disputed item must be corrected or removed if it is not properly validated (whether it is accurate or not).
Credit reporting bureaus are heavily regulated by FTC under the Fair Credit Reporting Act. The law requires more than a form letter. Due to this fact, it becomes a matter of economics, the credit bureaus and credit grantors are forced to either spend the time and expense to substantiate the information or simply remove it.
The Credit Repair Organization Act was passed to govern credit repair facilitated by a third party. Assume providing credit repair advice and services were illegal, then there would be no laws governing how to provide credit repair services within the law.
4. Can I restore my own credit?
Absolutely! Credit bureaus spend millions of dollars to inform consumers they don’t need an attorney to represent them. Why? They have lost BIG court battles. Attorneys that specialize in credit law enforce your rights under the applicable consumer protection laws. Truly, professionals are often able to accomplish a task more quickly and more effectively than a novice.
Getting results from the credit bureaus as a layperson is amazingly difficult, complex, and infuriating. The Federal Trade Commission receives more complaints against credit bureaus than any other type of business. In February 2000 the 3 major credit bureaus paid a fine of 2 ½ million dollars for ignoring consumers requesting information regarding their file. Remember the credit bureaus are primarily interested in protecting their profits. Investigating consumer disputes consumes these profits. Sparking a mass number of lawsuits, the bureaus do everything in their power to impede your progress with credit restoration.
Restoring your own credit is like repairing your own transmission or representing yourself in court; it is possible, but you have to be willing to invest the time to learn the processes, assume the risks of inexperience and realize that it will probably take you longer and you will be less effective than a professional.
5. When the process is completed will I be approved for credit?
Good question. Yes, as long as you meet several requirements of the credit grantor, such as a good credit history over the past 6-12 months, length of employment, debt ratio, length of time at current residence, and amount of down payment, etc.
6. How long does it take to restore your credit?
Each case can very significantly. The most basic variables are how involved your credit problem is and the responsiveness of the credit bureaus. Many cases are completed in 4-6 months. A few of the more complicated cases could take much longer. For example, a court action whether it is filed against your or for you will lengthen the process considerably.
Of course, you must have or may need to add positive lines of credit to build your credit score. Therein lays an unknown time frame where scores are concerned. Each credit reporting agency can generate a different score for several reasons. Primarily, a creditor 1) may not report to all “three” major CRAs, 2) may not report at all, or 3) updates in 60 to 120 day cycles.
7. How long do the credit bureaus take to respond to a dispute?
By law, CRAs are allowed 30 days to investigate. They contact the creditor that submitted the information to verify its accuracy and then, within ten business days, the bureaus must send to “the consumer” an updated report.
If the creditor does not respond by the deadline the disputed information is deleted permanently. Occasionally, a good line of credit is deleted when some minor error should have been corrected. In that case, the creditor must be contacted to re-insert the account correctly.
8. Can a deleted item reappear on my report?
Yes. By law, you must be notified before a previously deleted item can be re-reported. This most likely will occur when the status of the account changes. A creditor may report it has become a charge off, judgment, or collection. Rarely, it may be re-inserted simply because the creditor verified an item shortly after the 30-day investigation period.
9. Will paying off a negative-rated obligation repair my credit?
No. That assumption would be logical but is not true. The negative item is not removed and can remain on your report for seven years from the date it was paid. Ironically, paying an old debt is not generally looked upon favorably as most lenders will only offer you credit at higher interest rates.
10. Does the law require an accurate item stay on a credit report for at least seven years?
No. The law limits how long information can stay on your report. The CRAs and creditors can delete the item when they see fit. The time limit is totally arbitrary. In fact, the advisor to President George Bush on consumer affairs, Dr. Bonnie Gution remarked, “…it is our understanding that computer models that predict credit risk find that most information that is more than two years old is nonessential.”
Credit bondage punishes the debtor unjustly. Credit bureaus choose to err on the side of negative information. Jobs are lost, insurance cancelled or denied, and reputations ruined by sloppy collection and data handling methods.
Why are the credit bureaus not very concerned with the impact that selling inaccurate data has upon individuals, let alone the economy? The reason must be self serving considering the fact that many of their biggest customers are credit card companies and predatory lenders.
