Harassment or Abuse

Did you know that under 1692d of the USCS that a debt collector may not engage in any conduct the natural consequence of which is to harass, oppress, or abuse any person in connection with collection of a debt. So what constitutes harassment, oppression or abuse:

Offensive or obscene language
Telephone calls:  repeated calls, threatening calls, calls without meaningful disclosures
Statements regarding litigation
Unenforceability/inaccuracy of debt
Miscellaneous nonsense verbal communication.

For years debt collectors have been using high pressure tactics to get you to pay.  Stop and gain some knowledge.  KNOWLEDGE IS POWER!

What Collection Agents Don’t Want You to Know

Nowhere is the notion of “Knowledge is Power” more important than in the realm of debt collection. The less knowledgeable someone is about a consumer’s rights under the law, the more assertive, persistent and annoying debt collectors can coax a delinquent borrower to repay an overdue obligation.
In this case, a little knowledge can go a long way. If you are being hounded by a collection agency, the most important thing you need to acquire is a thorough understanding of the Fair Debt Collection Practices Act (FDCPA) and its companion legislation, the Fair Credit Billing Act (FCBA).
Both statutes are part of the federal Consumer Credit Protection Act (CCPA). These laws outline the required and prohibited behavior of debt collectors, and they also stipulate the rights and remedies afforded to consumers who are the subjects of their collection efforts. In short, the laws protect consumers – and these are rights that collection agents prefer you not know.
In addition to a basic knowledge of the available legal protections available, it is also a good idea to understand how the collection industry operates, so that if you are in communication with a debt collector, you will be more able to separate their tactics from the truth.

Rule 1: You Don’t Have to Talk

The first thing debt collectors don’t want you to know is that there is no law that requires that you work with them at all, let alone even talk to them. They certainly don’t want you to know that if you send a cease and desist letter – one that says you no longer wish to be contacted about the debt – that collection agency must stop all of the calls and letters immediately. If they fail to stop, they will violate the FDCPA.

Rule 2: No Big Early Payments Required

Because most collection agencies work on a commission basis, it is not unusual for collectors to tell a debtor that he or she has to pay a large down payment on the owed amount. They may say that a hefty initial sum is required in order to prevent collection fees from growing, or that it is necessary to begin the process of eliminating the debt from their records.
What they don’t want you to know is that there is no such requirement. They merely want to get as much money upfront as possible to inflate their commission.

Rule 3: No Deadlines

Debt collectors also may tell you that there is a deadline for payment and threaten you with dire repercussions if the debt is not paid within the prescribed time frame. What they don’t want you to know is that there is no such thing as a deadline. It is a complete fabrication, one designed to get your to repay your debt as quickly as possible, because they know that the longer they have to wait to get paid, the less likely it is to ever happen.

Rule 4: Your Credit is Already Damaged

Collectors often exaggerate the consequences of delinquency and non-payment. Threats are illegal under the FDCPA, but suggestions that your credit score will suffer, or that your possessions may be seized, are simply scare tactics with nothing to back them up.
In fact, if your debt is in collection, your credit score has already been damaged and the potential loss of your possessions is pure fiction. What they don’t want you to know is that all they can really do is ask, cajole, and demand that you pay. The rest is bluster.

Rule 5: Don’t Give Up Personal Information

Sometimes, debt collectors will ask you for information – your bank account number, your Social Security number, where you work, references from friends and colleagues. Why? To put together a “financial statement” they need to work out any repayment plan.
They don’t want you to know that they are merely fishing for information that will help them find you if you move, sue you if you don’t repay, or get into your bank records. There is no financial statement, and you should never give out proprietary information to anyone – ever.

Rule 6: Collectors Can’t Cross State Lines

Debt collectors also don’t want you to know that they cannot pursue you across state borders to enforce a judgment levied against you by a creditor who sued you for non-payment and won. Transferring the judgment to another state is time-consuming and expensive and not likely to occur very often.

Rule 7: There Are Limits to Garnishment

Debt collectors don’t want you to know that there are limits on the amounts they can legally garnish from certain portions of your income, like salary, social security or pensions. For example, the maximum amount that can be taken from a paycheck is the lesser of 25 percent of your disposable earnings or the amount by which your wages exceed 30 times the federal minimum wage.
You can also file for complete exemption from wage garnishment, if you can verify that it will cause you or your family financial hardship to have any monies withheld.

Rule 8: There Are Options for Student Loan Debt

Debt collectors don’t want you to know that if you have student loan debt, while it still must be paid, you have the right, under the 1992 Higher Education Act, to set up a short-term payment schedule with the collection agency, requiring only “reasonable and affordable payments” – sometimes as little as $10 per month.
Successful completion of the student loan rehabilitation program (making nine out of 10 payments on time) takes the debt out of the collector’s portfolio and sends it back to the Department of Education. The collection agency loses its various commissions and bounties, and your loan is now being held under more favorable conditions.
Remember, high pressure tactics by bill collectors are used solely to scare or bully you into paying them. While it is still your responsibility to square all your valid and legitimate debts, you don’t have to endure illegal, harassing or irritating activities.
Arming yourself with the right knowledge can help free you from the frustration – and empower you.

One Happy Client!

Tammy from Sacramento is ecstatic.

Tammy thought her credit was really bad.

After reviewing her opportunities for credit.. Tammy obtained a $7,500 limit approval on her EXPERIAN only after we froze her TU and EQ.

Tammy score was 618 and had 6 collections that were 4 years old, and a 4 year old BK showing, but still had a few tradelines showing in good standing.

After Tammy was told she may qualify, she gave us the go ahead next day... and

Within 5 days our team was able to get her to apply and get the approval.

Tammy is happy, and now plans to do a massive makeover of her credit file.

Tammy purchased HCS new Credit Education Program, received 2 amazing tradelines, and within 21 days she will likely be ready to obtain approvals from at least 3 banks and credit unions. As she continues with our program, this will be just the beginning of a great future for her and her family.

Tammy will get $250,000 eventually with sound management.

Next...Tammy can use this credit strategically while our team guides her to increase all credit limits. As she manages her credit wisely, through our coaching, this will set the stage for an amazing year for Tammy in 2015.

We prepared the documents for Tammy to remove the derogatory information, and her credibility just got stronger.  Through our program, she will apply for more credit cards from stronger lenders with amazing rewards. Leveraging her new accounts, while correcting the credit profile is just the beginning.

Whats our secret?

Single bureau funding by freezing at least 1-2 bureaus.
Matching your unlocked bureau to the right lenders
Sound application and lender strategy

The credit card and credit score and credit reporting agencies is so complex that the average person risks making mistakes that are not only costly, but limit your future approvals resulting in years to recover.

We show clients how to rebuild quickly and ensure high limit offers from banks using a strategic approach that is unique to your file.

We will coach and guide you through the following steps. Target your strongest bureau first. Learn how to freeze the other bureaus, and apply for at least 1 or 2 credit cards with low FICO lenders to obtain an approval. The new accounts are vital for the next round. We will then add tradelines paid for by the new credit cards and while monitoring the rapid deletion progress, we will continue to apply with lenders that match up well as items fall off raising scores,  and likely to approve more credit lines with our select lenders. By freezing your bureaus, we, together control what the lender sees.

Single bureau is strategic, and effective and will increase your approval almost 10x.

To learn more

platinumcredit.info

Find out more about Platinumcredit's great programs and promotions by contacting our customer support department at 855-215-6242 or e-mailing us at
platinumcreditinfo@gmail.com

Five Credit Card Habits to Adopt in The New Year!

What are your credit card habits? If you are like most people, you probably just use your credit cards to purchase goods and services while paying little attention to the details of your credit card usage. And by doing so, you risk paying too much in interest and fees, and can miss out on value rewards and benefits.

So now is the time to take a fresh look at how you use your credit cards, and adopt these five habits for 2015:

1. Pay the Balance in Full and on Time

There is no single better habit than to avoid interest on your credit cards by paying each month’s statement balance in full. About half of American consumers do so, while the other half tend to carry a balance, at least some of the time. Avoiding interest not only saves you money, but keeping your debt low and making on-time payments can help you work your way toward, or maintain, a high credit score. (If you are not sure what yours is, you can get a free look at your credit score and a summary of your credit report from Credit.com, along with an action plan for improving your credit.)

2. If You Have No Debt, Start Earning Rewards

If do not carry credit card debt, but are also not earning rewards from your credit cards, you might want to reconsider a reward-earning strategy. The most competitive reward credit cards offer valuable points, miles and cash back for spending on those cards. And even among reward credit card users, many have the same cards that they have held for years, and have not switched to more competitive products. Unfortunately, these cardholders are leaving money on the table. Look into whether there are cards that can offer you better rewards and consider making the switch if it makes sense for you.

3. Scrutinize Every Statement

In 2014, so many retailers were hacked that it became difficult to keep track of each one. Thankfully, cardholders’ liability for fraudulent charges is limited. Nevertheless, you have to notice the unauthorized charges and alert the card issuer in order to have the transactions reversed. So it is more important than ever that you look through each statement to find any charge that shouldn’t be there.

4. Make Use of Your Card’s Benefits

Many airline credit card users know that they earn frequent flier miles, and that they might even get a free checked bag, but most fail to look over all of the other benefits offered. In fact, all types of credit cards may come with valuable purchase protection and travel 

insurance policies that few cardholders ever use. That’s too bad, since these policies can extend the manufacturer’s warranty on your new television or computer, compensate you if your luggage is lost, or offer a refund if the price drops on a purchase after it is made.

5. Stop Paying Fees

Credit cards can have many fees, but there is usually a way around them. If you travel outside the United States, you may be paying a 3% foreign transaction fee, but now there are many cards that you can get that don’t charge this fee. You can avoid late fees by setting up automatic payments, or by choosing a card with no late fees. And to avoid annual fees, be sure to simply ask to have them waived, or choose a card that does not have them.

For more information please contact :

John Jenkins @ 916-842-7773

...according to Ann-Marie Murphy It's a Catch-22

It’s a Catch-22. If you have bad credit, you pay more in interest on home loans, auto loans, credit cards and more, making it more challenging to make your payments, get out of debt and improve your credit score.  On the other hand, if you have good credit, you pay less in interest, increasing the likelihood that you can manage your monthly payments, keeping your credit score high and intact.

The truth is, no matter what your credit score is now, you can achieve the “platinum standard” of credit – a score above 800 – and nab yourself the best deals on life’s largest purchases.

As your average 30-something, I’ve been in debt, struggled to pay bills and never had a substantial income to bail me out. But, the one thing I do have (now, anyway) is a credit score of 808. And I’m here to tell you my secrets:

Never miss a payment.

I’ve never had a payment reported as late on my credit report. This is crucial to your credit score. Payment history makes up about a third of your credit rating. If you have a good score and miss just one payment, your credit score can suffer upwards of 110 points.  Besides debt settlement, foreclosure and bankruptcy, a late payment is about the worst thing you can do to your credit score.

Of course, I’m human. I’ve had flaky moments where I forgot about a bill’s due date and made my payment a few days late. While I was slapped with hefty late fees, I did not get the black mark on my credit report. But I may have been lucky.

Technically, a “30-day late” is any payment received one to 30 days after the due date, according to FICO.  However, in many cases, your bank, creditor or lender will give you a grace period of a few days to up to the next due date before reporting your payment as late to the credit bureaus. Find out what your grace period is so you don’t find yourself in a credit crisis.

Bonus: 10 Credit Score Facts and Fictions

Keep your balances low and your limits high.

Another good chunk of your credit score is determined by your credit utilization, or how much credit you use (balances) compared to how much credit is available to you (limits) – the lower, the better. A good rule of thumb is to keep your balances well below 50 percent of your limits. As soon as you hit the 50 percent mark, your score will begin to take incremental hits. On the other hand, the lower you keep your balances below that 50 percent mark, the more your credit score will incrementally benefit.

As a point of reference, the average credit utilization of a person with an 800+ score is 7 percent, according to FICO. Mine averages out to 2 percent, depending on when I pull my credit, as I ordinarily pay off my balances in full each month.

If you’re doing all that you can to keep your balances low, try your hand at the other side of the equation – your credit limits. This can be tricky, as the recession prompted many creditors to not only deny credit limit increases more often, but actually lower your credit limit based on the credit review they do on you. My advice would be to only ask for a credit limit increase if your credit card is in good standing and you have the income to support the possibility of greater debt.

Bonus: How to Build Credit from No Credit in 6 Easy Steps

Mix it up.

Another ingredient to the 800+ credit score recipe is a good mix of credit – revolving credit (e.g. credit cards), installment credit (e.g. car loans, student loans) and mortgages. I’ve always had a good mix of the first two, but haven’t yet ventured into home loan territory. Now, I would never recommend that you apply for credit you don’t need, but be aware that the ability to manage different types of credit responsibly bodes well for your credit score.

If you only have credit cards and are eager to mix it up, consider talking to your bank about a savings- or CD-secured loan. This is a type of personal loan in which the money in your savings account or CD is used as collateral in case you default on the loan. This loan typically qualifies as an “installment loan,” like car loans and student loans, and may help you break out of the credit card-only slump. If you go this route, make sure your bank will report your payment activity to the credit bureaus, so your timely payments will help your credit score.

Bonus: When to Freeze Your Credit Report and How to Do It

Don’t apply for credit you don’t need, but don’t close accounts either.

With the exception of my college years, I never applied for credit I didn’t need – and still don’t. I have three regular credit cards, two of which I use often. I also have two retail credit cards that I use on occasion (mostly for the perks). One of my credit cards I use only for gas. Not only does this help keep my budget simple, but the little amount I charge on it each month, then pay off in full, will be reported on my credit report as “OK,” thereby strengthening my credit history.

Each time you apply for a credit card or a loan, your credit score takes a small hit. While one or two won’t hurt you that badly, many inquiries – especially in a short period of time – can. That’s why it’s a good idea to only apply for credit you need and try not to succumb to the temptation of “10 percent off your purchase” every time you hit the register at your favorite stores.

If you have any credit card accounts you don’t use, don’t close them! When you close an account, you’re lowering the amount of credit that’s available to you and if you carry balances on any other cards, your credit utilization will go up and your credit score may go down. Instead, you may want to dust off that old card and use it for small purchases that you will pay off in full each month – like me with gasoline. Ultimately, a good credit score is about more than having credit. It’s about having credit and using it responsibly.

A good credit score is like having a coupon book for the biggest purchases you’ll make in your life. The lowest interest rates afforded to those with top credit scores translate to lower monthly payments – in the case of a mortgage, that could mean many hundreds of dollars in savings each month. Given all those hard-earned dollars at stake, why wouldn’t you manage your credit on a regular basis to make sure your score is where it needs to be?

Find out how to join the exclusive 800+ credit score club with tips and tools from www.platinumcredit.info  You’ll get a complete understanding of your credit and tools to utilize that will help you take your credit to the next level. See you at 800!

Carved in stones rules...

Most lenders have carved-in-stone rules about handing out the best terms, and those rules almost always place a major emphasis on your credit score. The best rates are usually offered to those with a credit score of 740 or higher. Rates will still be favorable for those borrowers with a score of 700. But if your score is a 698, those two points could cost you thousands of dollars.

According to MyFICO.com, the consumer website of popular scoring model FICO, the interest rate difference between those two scores is about one-third of a percentage point.

On a $165,000 30-year fixed-rate mortgage, that difference could cost you more than $13,378 in interest charges, assuming a 4.5 percent interest rate with a 700 credit score and a 4.875 percent rate on a 698 score. Fall below a 660 and the rate goes up even more, if you can even get approved for a mortgage at all.

Keep in mind that these are averages. Most lenders today practice tiered pricing, with interest rates rising as scores go down. Each lender chooses its own "break points" between tiers. Lender A may bump up the interest rate if a score falls below 700, while Lender B doesn't charge higher rates until the score is 690 or below. So if you stick with one lender, and that lender's break point is 700, raising your score from 698 to 701 can be vital.

This underscores the importance of not only doing all you can to improve your score, but shopping thoroughly when looking for a mortgage. From the perspective of a mortgage broker, who can choose among a sea of many lenders, there are no sharp break points. Consumers should do what a good broker does -- look for a lender that offers the best rate for a specific score.

But that's jumping ahead of ourselves. First things first: You can take steps to improve your credit score. The number of variables that play into an individual score make it impossible to say that one particular action will increase a given score by a certain number of points. But there are some good guidelines.

www.platinumcredit.info

Find out more about High Credit Score’s great programs and promotions by contacting our customer support department at 916-842-7773 or e-mailing us at johnljenkins820@gmail.com

We look forward to working with you and wish you much success as an Independent High Credit Score Affiliate! Together we will MANIFEST EXCELLENCE!

The High Credit Score Team

Remove Negative Credit Items Permanently From Your Credit Report

Remove Negative Credit Items Permanently

From Your Credit Report

Including: Bankruptcy, Judgments, Foreclosure, Charge-Offs, Collections, Late-Payments, Tax Liens and Repos

Should you decide to take action and enroll into High Credit Score’s blu University to remove all of your Negative Credit Items Permanently We here at High Credit Score, Inc. will Guide You Through Our Process of Restoring Your CREDIT Score to highest level possible so that You Will Qualify For The Lowest Interest Rate Loans, Mortgages and or Credit Cards --- SAVING You Hundreds of Dollars each & every month for the rest of your life!

You’ll have the backing of our entire team of experienced and highly trained “Legal Research & Credit Experts” helping you to use a little known but simple and proven legal strategy to remove all negative items on your credit report that is based on a Federal Law outlined in U.S.C. 15 1681 of the Fair Credit Reporting Act combined with Various Federal Consumer Disclosure Requirements & Multiple Federal Appeals Court Decisions Dealing With All of the above.

WWW.PLATINUMCREDIT.INFO

Find out more about High Credit Score’s great programs and promotions by contacting our customer support department at 916-842-7773 or e-mailing us at JOHNLJENKINS820@GMAIL.COM

We look forward to working with you and wish you much success as an Independent High Credit Score Affiliate! Together we will MANIFEST EXCELLENCE!

The High Credit Score Team

Government Regulation

The credit bureaus are regulated by the government due to the nature of their business, but it's important to understand they are private companies. They are NOT legally or morally obligated to report anything on anybody. For example, most people know that most negative events remain on a credit report for seven years (ten years for Chapter 7 bankruptcies). Isn't this a legal requirement? No. They could take all bankruptcies off all records tomorrow, if they chose to. They are simply not allowed by law to report these events for MORE than seven years (or ten). They're not forced to report them at all. Of course, it's their business. That's why they do it. But they have a choice and, when forced to verify the data they report, they will choose to take negative events off. To boil it down, credit restoration doesn't eliminate negative credit events. It does make them in effect "invisible" to anyone looking at a credit report.

If the credit reporting agencies can't produce verifiable proof of these events, they're required to remove them. If they violate the law, they can be fined $1,000 per item. Although everybody with a FICO score under 850 can use this Educational Course and service, High Credit Score found the most success in helping individuals has come from clients that have referred others. High Credit Score is now working with law firms and attorneys, mortgage companies and loan officers and many businesses through our affiliates and expanding throughout the United States. The entire country desperately needs credit and financial education and true credit restoration. Building the Credibility of this Country one person at a time.

www.platinumcredit.info

Find out more about High Credit Score’s great programs and promotions by contacting our customer support department at 916-842-7773 or e-mailing us at johnljenkins820@gmail.com

We look forward to working with you and wish you much success as an Independent High Credit Score Affiliate! Together we will MANIFEST EXCELLENCE!
The High Credit Score Team