Richard Mullins

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FACT: Six out of ten Americans are victims of a "bad credit rating." This plague is spread by the credit bureaus and the credit card companies that entice and trap ordinary Americans, so they wind up facing financial ruin.

FACT:You can quickly restore your credit rating...And with the right information, it's something you can do for yourself, quite easily.

FACT: Fixing your own credit rating is perfectly legal in every state. You can completely restore your credit rating from the comfort and privacy of your own home.

FACT: You can get a credit card even with bad credit, GUARANTEED!

FACT: Most Americans with credit problems will need to get a second job in the next month just to keep utilities on at their home.

FACT: Even if you paid your creditors in full, every time you apply for credit or even a job, you are haunted and embarrassed by the left-over scars of late payments on your credit rating.

FACT: You don't need a lawyer to fix your credit.

FACT: You don't need a tax or financial professional to fix your credit.

FACT: You don't need to pay thousands to hire a credit repair agency.

FACT: EVERYONE NEEDS GOOD CREDIT!

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Importance of Good Credit...We all know how important credit is in our lives. Without credit you can't rent a car, book a hotel, travel, borrow money, get a mortgage? Need I go on? The list is endless, and I think you get the idea.

When You have Bad Credit You Have to:

• Pay a higher deposit for renting an apartment
• Pay a deposit for using everyday utilities (cable, electricity and water)
• Pay more for insurance (life, health, auto, home, boat etc.)
• Pay a higher interest rate on automobile loans
• Pay a higher interest rate on home loans
• Pay more for EVERYTHING!

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Former credit bureau employee with over 20 years of experience involving credit scores and credit repair shares all secrets to raising your credit fast and permanently.

Don't Be One of the Unlucky Americans That is Held Back by Banks and Credit Agencies

Why Do Banks Do This?

The majority of problems I used to encounter when working for one of the main three credit bureaus could have been easily fixed without much hassle. The major reason why this is not done is because borrowers with a lower credit score have to pay more to the bank.Banks are not dumb and this is not their first time dealing with a borrower when you walk in the door.

Let's go step by step through a regular loan process when you are interested in purchasing a car.

1. You pick out the car you want and you negotiate a price with the sale person.

2. You explain you will be putting down "X"%, sign some paperwork and the sales person goes into their back office room and makes you wait for 30 minutes. He is currently running your credit while also checking to see if their dealership wants the debt or if they are going to bring in a third party bank.

3. Lets says they want to use a third party bank. The bank representative receives the fax from the sales person and they look over everything on the application. After running your credit they become aware that your score is not considered "good" by their bank. A regular interest rate of 5-6% for your car is now near 9-10%!

4. The sales person goes back to you and you are forced to a make a decision that might haunt you for the next 5-6 years! Adding 4-5% to a car loan or any loan for that matter will quickly add at least $70 to your monthly car payment.

Now back to the bank, they know you are going to pay 95% of the time and if you don't they can take their car from you for almost no cost to them to resell. When they review your credit, the bank representatives can pick up these "errors" on your credit report that have dropped your score. They know they are errors but if they lock a higher rate for your car loan they are getting a bigger commission while the bank is making more money (almost an extra $1,000/year in this instance) So why are they charging this high rate? The simple answer is because they can!

How Can Banks Do This? Aren't There Laws to Protect us?

Banks can practice like this because they use your credit score as the reason for everything.

He is paying a higher rate for his car loan because of his credit or she has to put down more for that house because of her credit. There is only one party that benefits during this process and it is the banks! Since all banks are in business to make lots and lots of money and provide nice returns for their shareholders, the average American is left holding the bag.

Yes, there are laws in place to protect honest people just like you from not getting caught up in this mess but, you have to know what to do and how to act. These laws put in place require the credit holder to contact the bureaus directly. THIS IS WHY PAYING FOR A CREDIT REPAIR SERVICE DOES NOT WORK! Since credit bureaus work directly with banks all day they are kept in business by banks, they are not going to fix the problems for you just to be nice. However, they are required by law to change/update this information once they have been made awareof it directly by the credit holder.

 How Am I Supposed to Know This?

You're not! If this was supposed to be a known subject, banks and credit bureaus would run classes, print literature and post this information online trying to explain why and how to build/fix your credit. O yeah I almost forgot, if they did that they would be out of business!

110 million Americans have supposedly "Bad Credit," that is about 1/3 of Americans. So if this is true how are banks in business? If they have "true" bad credit, then 33% of people must not be paying their bills. If this were true banks would be out of business! Banks can only afford to have 4% to no more than 6% of their loans go bad and still stay in business. Don't believe me? Over 150 banks have gone out of business in 2004-2008 alone when only 5% of people stopped paying their mortgages during the sub-prime mess.

What Does This Prove?

It proves that if 33% of people were actually not paying their bills then how are banks in business? There is a window of 27%-29% of people today in the US that ARE paying their bills ON TIME but still have bad credit!

Don't Be One Of These People.

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