Credit Problems and "repairing them

I've been a mortgage / credit professional since 1994. over the years I think I've probably seen it all from "zero" down payments to the realtors pushing the interest only "more house for less money" garabge ... Funny how when it crash's in on them, they all run for cover, and satrt pointing their fingers of blame at the mortgage brokers ..

The truth of the matter is this, NO mortgage broker can pull off a "shady" deal without a shady appraiser, a shady realtor, and a shady title / escrow company - This is reality and anyone trying to make you believe otherwise is nothing but a stone cold liar ...

The "Big" banks are jumping on that bandwagon also BUT, what American consumers don't know (but need to) is that the loans causing all the havoc were in fact created by, and promoted by the "big banks"... Mortgage brokers sold what they were provided ..Period!

Don't get me wrong, there are alot of mortgage brokers out there that should be tarred & feathered along with many Realtors, appraisers & escrow officers too .. Everyone's to blame equally ... Don't fall victim to hype or propaganda from the cowards unwilling to accept their responsibility and / or accountability -

All this being said (and the subject I was leading to) the new "American dream" reality is that people with poor credit will no longer be able to secure mortgage (or any other type) financing
the way they did just a year or so ago. The days of 100% subprime loans are gone, and people will now be "forced" to improve their credit scores -

There are many ways to improve credit scores.. paying your bills on time, living within your means, not becoming over extended, etc,etc being the most traditonal - Living in a perfect World, these methods would always work, and people would always have perfect credit however, the World is not perfect, and bad things happen to good people all the time! Unemployment, divorce, business loss / failure, etc..there are many things that no matter how diligently a person protects their finances...

Enter the Credit Repair industry ....

Contrary to popular belief (or what the lenders would have you believe) Credit "repair" is completely legal, legitimate, and if done correctly, and effective tool to help consumers correct errors and improve their credit scores dramatically in a very short amount of time.

As a mortgage lender, I've been helping clients "repair" (I hate that terminology) for years with great success. Basically it breaks down to understanding the credit laws, and how to motivate the "Big 3" credit reporting agencies to correct their errors and outdated information .. It's not rocket science but does requite some technical knowledge, and a lot of patience ....

The "Big 3" credit reporting agencies are Experian, Trans Union, and Equifax ..Their information can literally "make or break" american consumers - The sad part is that historically, their information / reportings are not 100% accurate, and these inaccuracies can be devastating to a persons FICO scores and / or ability to obtain credit.

Beware the wolves in sheep's clothing!

Unfortunately, there are many low lifes out there professing to be able to work "miracles" regarding credit repair .. Bull! These guys are nothing but liars, thieves & con artists victimizing people with bad credit but preying of their emotions, and desperations -

There are no "magic wands" when dealing with the Big 3.. Yes, there are some new technologies to help speed things up a little but, the bottom line is that eventually, a live hman being has to review disputes, verify them as accurate, and manually update credit profiles ..that's just the way it is no matter how much money you pay someone -

Lately I've been seeing an increase of credit repair scams, and I believe this is directly related to the "mortgage meltdown" and the loss of ssubprime loans / lending .. BE CAREFUL!

There is no such thing as "24 hour" credit repair - PERIOD!
This is legally & logistically impossible - The Big 3 DO NOT & WILL NOT move that quickly

NO ONE has "secret, inside" information or is an "insider" at the bureaus -
Engaging in activity like that is a fast track to a Federal prison cell - Don't buy it!

"Buying" or "Borrowing" someone else's good credit history is point blank fraud, and under the Patriot Act can / will get you thrown in prison for a very long time - Not a good thing.

There are many other scams out there designed to do nothing more than seperate the consumer from their hard earned money - You DO NOT have to pay high prices for professional credit repair & truth be told, you can do it yourself for the cost of paper, ink, envelopes & postage -

For more information on legally, and affordably restoring / repairing bad, damaged credit visit
www.CreditProblemsGone.com or www.GenesisCreditSolutions.net

Both of these companies are experts in their fields, and provide legitimate, legal, and affordable services - They will also make themselves available to answer general credit questions absolutely free of charge