So What Do Most Credit Repair Companies Do?

Actually, there’s an industry term for most of these guys—they’re called dispute mills. Dispute mills are credit repair companies that attempt to remove as much negative information from credit reports as possible by sending dispute letters to credit bureaus.  And that’s about it.  Dispute letters, of course, are intended only to fix reporting errors (and not just to remove a lifetime’s worth of bad credit).  And the problem with dispute mills is that they’ll often dispute credit report information whether it’s accurate or not. 

Can You Really Fix Bad Credit With Dispute Letters Alone?

In most cases—not a chance.  That’d be like trying to build a whole house with just a hammer.  Real credit repair involves a combination of different approaches.  What works in one situation may not work as well in another.  Dispute letters may or may not be a part of the process, and they may or may not be combined with other services like debt relief.  Whatever the scenario, truly effective credit repair is a result of flexibility, planning, and action.  Unfortunately, dispute letters can’t cover everything. Not even close.

So How Can I “Fix” My Credit?

This can be easy.  It involves five steps.  In short, they are:

1. Review your credit report—how will you know what you need to fix if you don’t know what’s on there? Study it.  Make sure it’s accurate and complete.  Get an idea of what your challenges are going to be and how you might address them. 

2. Fix credit errors—a big part of the reason you should review your credit report is to spot potential errors.  And they’re common—about 79% of all credit reports have mistakes.   So if they’re there, find them and contact the appropriate credit bureau, collection agency or creditor to have them corrected.

3. Reduce your debt—it may seem impossible, but it’s not.  With debt settlement, you can negotiate reductions to your debt by up to 60%.  Find out who you owe, how much you owe them, give ‘em a call and make an offer.  Chances are, they’ll be willing to reduce your debt down to an amount you can actually afford.

4. Establish new lines of credit—it’s one of the best ways to put that finishing touch on your new credit profile and a very effective way to raise your credit score.  Regardless of your credit history, shouldn’t have much trouble finding someone to give you a second chance with credit.

5. Manage your credit responsibly and let it age— One of the best ways to optimize your credit is to let it age.  So hold on to it.  Practicing the same financial responsibility that helped fix your credit will also help you to maintain it appropriately.  And the longer you show good faith and responsibility, the more credit-worthy you’ll be.

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1. A Fool-proof Way to Fix Bad Credit

REDC — one of the nation’s most reputable and successful real estate auction companies — is at it again, gearing up for another major real estate liquidation sale with a nationwide residential bulk auction.

More than 165 foreclosed homes are about to hit the block for literally pennies on the dollar. You can save as much as 75 percent!

These amazing deals are bundled and divided into 12 geographic pools located throughout the nation. Each “pool” or “bundle” features anywhere from three to 32 properties.

Imagine acquiring an entire real estate portfolio for one astronomically low price? Well, investors, this is your chance.

Online bidding begins Wednesday, March 15 at 9:30 a.m. ET. Other opportunistic investors and speculators are currently performing their due diligence and getting their offers ready for submission.

You have to act fast — bidding ends on Tuesday, March 16 at 3 p.m. ET. That’s a window of little more than 24 hours to capitalize!

Check out the “pools” or “bundles” in the extended entry:

• Northeast #1: 24 foreclosed homes in Connecticut, Washington DC, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York and Virginia. For complete details CLICK HERE.
• Northeast #2: Seven foreclosed homes Massachusetts, Maryland, New Jersey, New York and Virginia (High value!). For complete details CLICK HERE.
• Southeast #1: 15 foreclosed homes in Alabama, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee. For complete details CLICK HERE.
• Southeast #2: Three foreclosed homes in North Carolina and South Carolina (High value!). For complete details CLICK HERE.
• Florida: 19 foreclosed homes in the “Sunshine State.” For complete details CLICK HERE.
• Midwest #1: 17 foreclosed homes in Illinois, Michigan, Minnesota, Missouri and Ohio. For complete details CLICK HERE.
• Midwest #2: Six foreclosed homes in Illinois, Michigan and Minnesota (High value!). For complete details CLICK HERE.
• Southwest: 10 foreclosed homes in Arizona, Colorado and Utah. For complete details CLICK HERE.
• Northwest: 10 foreclosed homes in Washington, Oregon and Idaho. For complete details CLICK HERE.
• Northern California and Nevada: 11 foreclosed homes in northern California and Nevada. For complete details CLICK HERE.
• Southern California, Nevada and Hawaii: 11 foreclosed homes in southern California, Nevada and Hawaii. For complete details CLICK HERE.
• Nationwide: 32 foreclosed homes in 12 states. For complete details CLICK HERE.

To get started reviewing the properties contained with in the various geographic pools you must:

1. Register
2. Research
3. Qualify
4. Start bidding!

It’s that simple. But you need to hurry because time is of the essence. The clock is ticking!

If you’re not happy about what’s become of your personal credit, you can turn things around.  Most of the time, the only thing that holds people back from fixing credit problems is their attitude towards money and responsibility.  Realizing the importance of good credit is the first (and maybe the most important) step toward change.

What Is Bad Credit Doing To You?

Are you having a hard time getting a credit card or a loan?  With bad credit, these kinds of problems are just the beginning.  These days, it seems like everyone’s running a credit check.  If you want to rent an apartment or house, establish utility accounts, set up a cell phone contract, find yourself a decent job or just save some money on interest rates, bad credit is going to make it difficult (if not impossible). 

But there’s more.  Bad credit can have an effect on your relationships, emotions and overall health.  Having to hide your “secret” credit situation from the world can make you feel isolated, unimportant, and unstable.  It can (and probably will) lead to stress, anxiety and depression.  And not having adequate financial resources can leave you deprived of even your basic needs and wants.  So can you think of one good reason to let your credit problems continue to run your life?

There’s a Solution to Your Credit Problems

Think about it.  Your life has more meaning than a bundle of lousy credit problems.  And the less effort you put into eliminating these problems, the more control they’ll have over you.  And what are they—some old, unpaid bills?  In the grand scheme of things, paying off a few debts, making a few corrections to your credit report, and having a little responsibility with your money is a very small price to pay for the rewards you’ll gain through having good credit.  So why waste anymore time?  It’s not as hard as you think.  In fact, there is a very simple, straightforward approach to fix credit, and anyone can have success with it.  Even you.

So cast your doubts aside.  Learn more about credit repair and what it can do for you.  There’s no risk, and there’s really no reason not to.  Like thousands of others, you’ll see just how easy credit repair can be, and how it can help you to turn everything around, once and for all.

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The foreclosure wrath appears to be squashing California’s grapes, according to Bloomberg.com.

Napa Valley — the most famous wine-making region in the United States and among the most respected in the world — is currently on “life support,” enduring its most difficult financial downturn in more than two decades.

The report indicates that as many as 10 wineries could be lost to foreclosure in 2010 alone, which is 10 more than what was recorded just two years ago in 2008 (zero).

The reason?

Connoisseurs, collectors and wine enthusiasts are stocking their cellars with less expensive vintages, reducing their expenses as the national economy attempts to recover from a major recession.

In fact, Franzia’s box wine, which costs about $8 a pop, is currently flying off the shelves.

Stephen Rannekleiv, an analyst, explains the domino effect:

“Consumers are looking at price point and saying that Napa is not the price they want to be buying at. Wine prices drive grape prices drive land prices…. No area is going to be unaffected by this financial meltdown.”

More than 30 wineries are currently for sale in the area, which includes vineyards in Oregon and Washington, in addition to those in “The Golden State.”

Unfortunately, with prices starting at around $115,000 an acre (it can get up to $250,000 an acre in the most desirable areas) this situation might not improve with age.

Not in the short-term, anyway.