New Life Credit

New Life Credit Credit Repair

01/25/2023
01/25/2023

๐Ÿšจ Hereโ€™s Some FYIโ€™s

5๏ธโƒฃ Credit Myths

Myth 1๏ธโƒฃ
โ€ขDebt is Debt: all debts are not equal!

Myth 2๏ธโƒฃ
โ€ขChecking your credit report will
hurt your credit score. FALSE . If you are checking your own credit, then it wonโ€™t hurt you. However, if you apply for credit application then that gives you an inquiry. An inquiry will drop your credit score.

Myth 3๏ธโƒฃ
โ€ขClosing a Credit Card will help your
Credit Score. FALSE. Closing a credit card hurts your credit score. Keep them open.

Myth 4๏ธโƒฃ
โ€ขThere is only one Single Credit Score. FALSE. There are thousands of score models. Lenders check your credit score for various reasons ,and each formula
looks at your credit history.

Myth 5๏ธโƒฃ
โ€ขBetter Job , Better Score. No way no how . ๐Ÿ˜‚
Your job title and income have NO DIRECT effect on your credit!

๐Ÿ—ฃHARD INQUIRIES!Inquiries stay on your credit report for 24 months from the date a company pulls your report, however th...
06/06/2022

๐Ÿ—ฃHARD INQUIRIES!

Inquiries stay on your credit report for 24 months from the date a company pulls your report, however they only affect your credit score for 12 months from that date.

Inquires are 10% of your credit profile.

There are three different ways to challenge your hard inquiries:

1๏ธโƒฃ: Challenge the inquiry with the credit bureaus by way of an inquiry dispute letter. (Slide 2)

2๏ธโƒฃ: PHONE SCRIPT (Slide 3) - Call the credit bureaus and dispute the inquiry over the phone. This method is more favorable for Experian over the other bureaus and may take you having to make multiple phone calls to land on the right rep to adhere. When one rep says no, call back.

3๏ธโƒฃ: Challenge the inquiry directly with the creditor. This is sending a letter to the company that pulled your credit.

๐ŸšจDISCLAIMER: Never challenge inquiries tied to an account or company you do business with.

A Shift is about to happen in my life and I'm More Than READY!! ๐Ÿ’ช๐Ÿฟ๐Ÿ’ช๐Ÿฟ๐Ÿ”ฅ๐Ÿ”ฅ
06/03/2022

A Shift is about to happen in my life and I'm More Than READY!! ๐Ÿ’ช๐Ÿฟ๐Ÿ’ช๐Ÿฟ๐Ÿ”ฅ๐Ÿ”ฅ

06/01/2022



Charged off account should never be reported as โ€œOPENโ€ on your credit report.

In order for an account to be charged off, it has to 1st be closed by lender, then written off as bad debt.

This is a common reporting mistake.

You can challenge this by similar writing a letter to the credit bureaus

โ€œTo Whom It May concern,
The following account was charged off by (original creditor/company) on (Month, year it was charged off), as of (todays date) this account is still being reported on my credit report as โ€œOPENโ€. This is a misrepresentation of my credit obligations and is causing monetary damages. I am requesting this account be deleted from my credit report if this is not corrected within 30 business of this letterโ€

Something along those lines, if not updated within 30 biz days, follow up and demand deletion.

05/29/2022

I have been told so many times " I disputed my collections online but it didn't work "๐Ÿคฆ๐Ÿฟโ€โ™€๏ธ

Credit Tip๐Ÿ’ก:Never dispute things on your credit online๐Ÿ™…๐Ÿฝโ€โ™€๏ธThis system was created by the bureaus for their benefit only, NOT YOURS! You have certain rights under the FCRA but when you dispute online you are agreeing to certain arbitration clauses where you basically give up the right to ever enforce those rights๐Ÿ˜ง๐Ÿคฆ๐Ÿปโ€โ™€๏ธ๐Ÿ˜ฉ You will never be able to sue for noncompliance & you'll also prevent the creation of a paper trail which is also very important when repairing your credit. I can't stress the importance of this enough! Beware, Beware, BEWARE!
Contact me @ 903-809-8725!

Been wanting to try Credit Repair? But Skeptical?Let me share with you some Real People, Real Testimonials who have enro...
05/25/2022

Been wanting to try Credit Repair? But Skeptical?
Let me share with you some Real People, Real Testimonials who have enrolled with our services trusted the process and are now loving their Credit Power ๐Ÿ†
You donโ€™t have to live with bad Credit, we have a proven System that has already removed over 2.5 million negative items and accounts off our clients reports.
:
Looking for help! DM/ Comment โ€œreadyโ€ for info

Credit tip Tuesday โ€ผ๏ธ๐——๐—ข๐—กโ€™๐—ง ๐—ฆ๐—˜๐—ง ๐—จ๐—ฃ ๐—” ๐—ฃ๐—”๐—ฌ๐— ๐—˜๐—ก๐—ง ๐—ฃ๐—Ÿ๐—”๐—ก ๐—ข๐—ก ๐—ข๐—Ÿ๐—— ๐——๐—˜๐—•๐—ง๐—ฆโ €Everyones debt has a statue of limitation (SOL) After 7 ye...
05/24/2022

Credit tip Tuesday โ€ผ๏ธ

๐——๐—ข๐—กโ€™๐—ง ๐—ฆ๐—˜๐—ง ๐—จ๐—ฃ ๐—” ๐—ฃ๐—”๐—ฌ๐— ๐—˜๐—ก๐—ง ๐—ฃ๐—Ÿ๐—”๐—ก ๐—ข๐—ก ๐—ข๐—Ÿ๐—— ๐——๐—˜๐—•๐—ง๐—ฆ
โ €
Everyones debt has a statue of limitation (SOL) After 7 years, the default listing will be erased from your credit report. However, the period varies according to states; in some states, the time is 3-6 years. Once the SOL expires on the debt, creditors or collectors canโ€™t ๐—น๐—ฒ๐—ด๐—ฎ๐—น๐—น๐˜† force you to pay. If you make a payment on your debt (even if the SOL expired )you are restarting that debt clock and it will keep affecting your score - meaning the credit bureaus will continue to profit off of you ๐Ÿ˜’

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