Credit Repair + Debt Elimination = 800+ FICO® Score Credit Report

Press Release Challenging the FTC and Credit Repair is Ignored By the News Wires

Did you miss the Press Release about the billion dollar credit repair industry challenging the Federal Trade Commission, (FTC), with deception and incompetence?

Last week, The Credit Robbers released an eye opening Press Release about the hidden facts about the credit repair industry and how the general public is being fleeced daily.  The release was released thru a major news organization and all the news wires elected not to run it.

Your FICO® credit score, your credit report, and your credit rating are in play every day, whether you know it or not.  Your credit rating plays a significant role in your everyday life; from your mortgage, to credit cards, to your insurance.

Get the facts from the Press Release that the News Wires have selectively ignored.  Read about the book that the billion dollar credit repair industry is talking about, but the News Wires have elected to push asside.

Ignoring your credit rating and the associated FICO® credit scores and credit report will haunt you sooner or later.  Get the Facts.

If you have debt, are facing any type of debt recovery, foreclosure, or bankruptcy, then you need to pay attention, as you may be facing unnecessary dings on your credit report. 

Your FICO® credit scores and credit rating are under daily assault.

See the entire Credit Robbers Press Release that the news wires have ignored.

Dr. Robert Miller, PHD
Investigations Analyst
www.TheCreditRobbers.com

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Credit Repair + Debt Elimination = 800+ FICO® Score Credit Report

FICO® Score, Your Credit Rating, and Borrowing Against Your House

There are pro’s and con’s for borrowing against your home and they all need to be taken into consideration before you proceed with any additional borrowing.

On the one hand, the money you can borrow on your home will probably be of a lower interest rate than most other forms of loans and this can help you to reduce your monthly repayments by using the house money for clearing more expensive debt.

With the ability to spread the term of repayment over a much longer period you can generally make quite an impact on reducing your monthly outgoings and improving your FICO® score, credit report, and credit rating.

Use your budget to determine how much you are paying on all your outstanding debt and then calculate what the payments would be if they were all consolidated under the one loan against your house. This will show whether that is the best decision to make to help you manage your finances more easily.

When house prices are rising, you will have increasing equity in your home that will allow you to borrow more against it, since the time you originally arranged your mortgage.

The downside of borrowing against your home is where you are already struggling to make your home mortgage payments and by borrowing more you will be putting your house on the line and risk losing it. You certainly don’t want the banks to seek foreclosure on your loan. If that looks eminent then it would be unwise to increase your borrowings.

If you calculate that you will not be able to make the additional mortgage payments then it is better to sell off other items that you have borrowed against to reduce debt elsewhere rather than risk losing your home thru foreclosure.

It might also be necessary to consider downsizing on your home and buying something of lower value so you can reduce your mortgage accordingly until you get your feet back on the ground.

Your home is your most valuable asset and you should always do all you possibly can to retain ownership of it and avoid foreclosure.

By maintaining your home through timely payments is a huge step in maintaining your credit rating and keeping your FICO® score on your credit report at the highest number possible.

Dr. Robert Miller, PHD
Investigations Analyst
www.TheCreditRobbers.com

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