YOUR LESS THAN PERFECT CREDIT SCORE IS COSTING YOU 20-50% MORE IN INSURANCE PREMIUMS!!!

Your credit rating affects both your home & auto insurance premiums; some speculate that life and health insurance will check credit history as well when assigning premiums/rates (let's hope not).

So, it's assumed; if you have bad credit you are more likely to drive more recklessly; not take the necessary precautions to protect your home from catastrophes; etc,thereby filing more claims - What insurance company wants that?  Although there is some controversy over this; for now it's an acceptable practice. Insurance, after all, is about risk.

Interestingly enough; a person with a poor driving record but good credit could pay less for auto insurance than a person with a good driving record and poor credit.

So... get a new quote whenever your credit changes significantly to save the most on your insurance costs.  And if you're already having credit issues; stick with your current insurer; OR while shopping around ask the insurance representative if they factor in credit information when determining premiums (not all do). If your credit is already stellar, use it to your advantage to ensure you're getting the best rate.

If you need assistance in improving your credit score; let us help! (708) 872-0811

Texas auto lender fined $2.75M for credit errors

Here is a perfect example as to why professional credit restoration specialists are needed and I wish I could tell you that this is an isolated incident.  Statistically there are over 40 Million people in the US with errors on their credit report.  Could you be one of them?

"A Texas company that provides auto loans to subprime borrowers was fined $2.75 million Wednesday for distorting customers' credit records for three years, potentially harming tens of thousands of consumers.

The federal Consumer Financial Protection Bureau imposed the fine against First Investors Financial Services Group after an investigation showed officials of the Houston-based firm knew their computer system was sending inaccurate information to credit reporting agencies, but took little action to correct the problem.

As a result, the company understated how much some clients paid on their auto loans, overstated the amounts past due, misreported dates when customers fell behind on payments and inflated the number of delinquent payments, investigators found." Full Story

If you feel there may be inaccurate, derogatory information on your credit report; contact us today!  Never let the companies providing the information on your credit report to have the upper hand.  It's up to you to challenge the validity of all the information on your credit file; especially considering that your credit score has a factor in every factor of your life from getting an apartment/home, a car, cell phone, and utilities to even obtaining employment.  Take charge and partner with us.
Ph: 708-872-0811; mnhcreditsolutions@yahoo.com

HOW TO GET, READ & UNDERSTAND YOUR CREDIT REPORT

Everyone is entitled by law to a free copy of their credit report from each of the three credit bureaus once every 12 months free of charge, or you can buy a credit report from each of the three bureaus if you want to view your report more often; it's roughly $10 per copy from each bureau.

The three large U.S. credit bureaus -- Equifax, Experian and TransUnion -- were required by a 2003 federal law to set up AnnualCreditReport.com as a central online resource for report requests. You can also request your reports by calling 877-322-8228 or by downloading a request form and mailing it to:

Annual Credit Report Request Service
P.O. Box 105281
Atlanta, GA 30348-5281

NOTE: This report will NOT include your score.  The most reliable place to pull a copy of your credit report with your score is MyFico.com; and it is not free.

Upon visiting AnnualCreditReport.com, users are directed to a form page and asked to provide personal identifying information, including name and address, Social Security number and date of birth.

After submitting your basic information, you go to a page allowing you to select reports from the three large credit bureaus by checking boxes next to the Equifax, Experian and TransUnion logos. You can select one or all of the credit bureaus. Instructions discuss whether you should review all three reports immediately, or whether you should spread the requests over a period of time. TIP:  Do not close out of the credit report once pulled up; either save it or print it. The moment you close it you will not have access to it again and will be required to pay for another one

The next step is designed to verify your identity. A page of questions appears about your creditors, loan terms or other details on the credit report that you're expected to know. You need to select the correct answers get access to the credit report; if you answer any of them incorrectly you will need to mail in your request for a credit report with proof of your identity - state ID, social security card; etc. After requesting one report, you may return to the main site to repeat the process with another credit bureau.

Many consumers have a difficult time understanding their credit reports and piecing the three reports together, so here are examples and explanations of the most common elements that appear in each of the three free credit bureau reports.

A credit report is divided into four sections: identifying information, credit history, public records and inquiries.

Personal information
Name: JOE Q. CONSUMER Other names: CONSUMER, JOSEPH Q. Report number: XXXXXXX Report date: July 4, 2013	SSN: XXX-XX-6789 Date of birth: 04/1965 Date of birth: 04/1965 Telephone number(s): 555-1212
CURRENT ADDRESS: 123 MAIN ST., NEW YORK, NY 12345	PREVIOUS ADDRESSES: 17 BROOKLYN AVE., LONG ISLAND, NY 56789
EMPLOYMENT DATA REPORTED Employer name:CREDITCARDS.COM Location:New York, NY Date reported:06/2011 Employer name:UNIVERSITY OF TEXAS Location:TX Date reported:08/2009	Position:PROGRAMMER Hired:05/2010 Position: Hired:03/2003

Public records
ROCKWELL MUNICIPAL Docket#: 9B004875
5468 MLK AVE., SUITE 300, ROCKWELL, TX 97845	Type:Civil judgment Court type:Municipal Date paid:07/2008 Assets:$1,089	Date filed:12/2007 Responsibility:Participant on account Plaintiff:BANK OF TEXAS Plaintiff attorney:RICHARD PERRY Amount:$1,089
Estimated date that this item will be removed06/2015 NOTE: This section will only list financial data; no arrests or criminal activities

Adverse accounts, potentially negative items
COLLECTION RECOVERY SVC#321568
123 CHARLES ST. SUITE 202 CORONA, CA 92877-0137 (909) 898-4424	Balance:$0 Date verified:06/2007 Original balance:$243 Original creditor:SEARS ROEBUCK Credit limit:$500 Past due:$0 Terms:$72 for 23 months	Pay status:Payment after charge off/collection Account type:Installment account Responsibility:Individual account Date opened:03/2004 Date closed:05/2010 Date paid:05/2010
Remarks: >Paid collection< Estimated date that this item will be removed:08/2014
DONOVAN & WILSON
1045 MAIN ST., SUITE 105 RIVERSIDE, CA 92501 (909) 781-1248	Balance:$12,745 Date updated:06/2008 Original balance:$15,243	Pay status:120 days past due Account type:Revolving account Responsibility:Individual account
Estimated date that this item will be removed:06/2014
The following item is suppressed pending credit grantor update: DISCOVER FINANCIAL SVC#6053000570658798
123 SMITH AVE. UNIT 55G WILMINGTON,DE 19850-5316 Phone number not available	Balance:$2,145 Date updated:08/2008 High balance:$25,463 Collateral:2002Chevy:Past due:$136 Terms:$68 for 260 months	Pay status:60 days past due Account type:Installment account Responsibility:Individual account Date opened:11/1998
Loan type:Student loan Remarks:Repossession Maximum delinquency of 60 days in 07/2008 for $400 Estimated date that this item will be removed:06/2014

Accounts in good standing, satisfactory accounts
GMAC FINANCING#640006137129
78901 JENKINS CIR FLOOR 15 MIAMI,FL 33025 Phone number not available	Balance:$1,145 Date updated:08/2013 High balance:$10,000 Collateral:2008 Dodge Ram Credit limit:$10,000 Past due:$0 Terms:$295 for36 months	Pay status:Pays as agreed Account type:Installment account Responsibility:Individual account Date opened:11/2009 Date closed:11/2012 Date paid:11/2012
Loan type:Automobile Remarks:Paid by insurance Estimated date that this item will be removed:12/2013

Credit history requests
CALTECH EMPLOYEE FCU
555 W. ADAMS SUITE 202 LA CANADA, CA 91012 (818) 555-1212	Requested on:11/01/2013 Inquiry type:Individual	Permissible purpose:Credit transaction
SUNSHINE APARTMENTS via RENTPORT
678 MARINE STREET SUITE 999 LOS ANGELES, CA 90210 (818) 555-1212	Requested on:05/01/2013 Inquiry type:Individual Loan type:Real estate Loan amount:$90,000	Permissible purpose:Tenant screening
CHASE CARD MEMBER SVCS
666 W. SMITH PHOENIX, AZ 87853 Phone number not available	Requested on:11/01/2013 Inquiry type:Individual

Personal statement

ID SECURITY ALERT: FRAUDULENT APPLICATIONS MAY BE SUBMITTED IN MY NAME OR MY IDENTITY MAY HAVE BEEN USED WITHOUT MY CONSENT TO FRAUDULENTLY OBTAIN GOODS OR SERVICES. DO NOT EXTEND CREDIT WITHOUT FIRST VERIFYING THE IDENTITY OF THE APPLICANT. I CAN BE REACHED AT 917-555-1212. THIS SECURITY ALERT WILL BE MAINTAINED FOR 90 DAYS BEGINNING 10-29-13.

NOTE ABOUT INQUIRIES:

Any time anyone gets into the report, it'll post an inquiry. If you call the credit bureau and ask for a copy, it will be on there. It's a very detailed entry record. It's great for the consumer.

Inquiries are divided into two sections. "Hard" inquiries are ones you initiate by filling out a credit application or taking your child to the orthodontist. "Soft" inquiries are from companies that want to send out promotional information to a pre-qualified group or current creditors who are monitoring your account. The soft inquiries are only shown on reports given to consumers. You may have heard that a large number of inquiries can have a negative impact on your credit score, and that's true.

However, the FICO scores have at least a 30-day buffer period where auto and mortgage inquiries are initially bypassed and not counted. It also counts two or more "hard" inquiries in the same 14-day period as just one inquiry.

FIXING MISTAKES:

There's a change you may find a mistake in your credit report. One in five consumers had an error on their credit report from the three major credit bureaus, according to a 2013 government study. One in 20 had an error so bad that it cost them more money on loans or insurance.

If you find a mistake -- such as an account that isn't yours or an erroneous amount -- you'll need to dispute it with the credit bureau. The reports list a Web address for the credit bureaus' online dispute form; DO NOT USE THIS.

The credit bureaus will investigate your dispute by contacting the creditors, which have 30-45 days to respond to your dispute. The disputed item will show up as disputed on your credit report until it's resolved. If you feel your dispute is not handled well, you can file an online complaint with the Consumer Financial Protection Bureau, which will help facilitate the dispute process.

Common Methods to Dispute A Debt

Not mine or not my account.
I didn't pay late that month.
Wrong amount.
Wrong account number.
Wrong original creditor.
Wrong charge-off date.
Wrong date of last activity.
Wrong balance.
Wrong credit limit.
Wrong status - there are over 20 of these.
Wrong high credit - the highest amount you used.

Key things to remember

Be Persistent
Do not bombard credit bureau with letters about the same debt; they will deem this as frivolous and they will not need to verify or validate the debt; wait 60 days between each letter and it MUST HAVE A DIFFERENT REASON YOU ARE DISPUTING ON THE LETTER each time.

Be Assertive: mention you are thinking of using an attorney; threaten to file complaint with Attorney General or FTC or CFPD if they fail to delete erroneous information.

If professional help is needed; GIVE ME  A CALL!

Netiva Floyd-Heard

MNH Credit Solutions

Ph: 708-872-0811 Fx: 708-221-6714

www.mnhcreditsolutions@yahoo.com

www.MNHCreditSolutions.com

www.facebook.com/MNHCreditSolutions