To repair credit, it is possible to go it alone, but it is easier to achieve the best results by enlisting the help of a professional. While people can create their own budget and sell things to help pay off their debt, they still need a professional credit counselor who can negotiate with their creditors in order to repair credit through lower principal amounts and interest rates.A company that works to repair credit for their clients and earn them a higher credit score can be vital in helping them achieve their financial goals (and to help eliminate the hassle of aggressive creditors). When consumers have low credit scores, it can affect many areas of their lives – like getting a house, going back to school for a higher education degree, or even just to get a car to drive to and from work. However, many people in this predicament do not know where to turn or what to do next to repair credit to meet those goals.That’s where a professional credit repair business comes in. These kinds of companies can help people repair credit in a specific amount of time. If anyone is looking to repair credit in a year to buy a home, for example, hiring a credit repair specialist to work on their case may be the best bet to get their financial situation back on track within certain time constraints.Credit repair businesses know how to successfully navigate the system in order to help their clients get back on top. The businesses that know how to repair credit have seen all kinds of situations and know how to stitch together a solution based on all that they have seen. Even if someone hires a credit repair company, however, it will take time to straighten out any financial mess.There are many options and strategies available to those who repair credit for a living. However, most businesses that repair credit will first obtain a copy of a client’s credit score and credit report to see what their debt picture looks like. The credit repair specialist will scan their credit report to see if there are any inaccurate reports – like if someone has stolen their identity and racked up debt in their name. Other times, these inaccuracies take the form of mistakes that negatively affect credit – for instance, a closed out credit card that still is considered open by one agencyAfter the credit repair specialist has gone over the credit report with the client, he or she will take a look at the client’s finances and spending habits; then, the specialist will offer some ways to repair credit, like reducing the amount of money going out of the client’s household budget and getting money flowing in. A credit repair specialist may also help establish a spending budget.In addition to working with clients, the credit repair specialist also works with their creditors to get out of collections, negotiate payment plans, and generally work on ways to get their debt ratio down. The best agencies that work to repair credit will make sure the clients have a full understanding of their finances and teach them how to make better choices in the future.When choosing an agency to repair credit, do a background check with the local Better Business Bureau to see if there are any outstanding complaints with the company. Also do a general Internet search to see if any complaints have appeared on other Internet message/complaint boards. Beware of any credit repair company that asks for a large, advance payment prior to working out a solution for you. This typically signifies a scam.With enough time and patience, it is possible to find an agency that can help repair credit for just about anyone.
If you’ve done any searching on the Internet for information pertaining to “Credit Repair,” you’ve no doubt found that there’s a great deal available. Unfortunately, there’s also a lot of misinformation as well.Let’s take a look at some of the most common misstatements you’ll come across and examine them in detail.MYTH #1
“Credit repair doesn’t work!”While it’s true that credit repair is more “art” than “science” that’s not to say it doesn’t work. If you undertake to repair your bad credit score, there’s never any guarantee you can restore it to “perfect” status. But sometimes you can, and in almost every case you can at least affect some improvement in your credit score, and often major improvement at that!First of all, credit reports for the most part are filled with errors. While there seems to be no general agreement, it’s estimated that anywhere from 1/3 (Attorney General of NY) to as many as 90% (Charles Givens Organization) of credit reports contain errors.Removal of erroneous negative information alone will go a great way toward improving your credit score. But there’s more to the story, which brings us to myth #2.MYTH #2
“Negative information that can be verified cannot be removed”This is one of those statements that are “almost” true, but taken literally is misleading. As is often the case, the inclusion (or exclusion) of one seemingly small word makes the difference in a truthful statement, and one that’s not (or not necessarily) accurate.Let’s take an analogy. Suppose it’s the middle of summer, and your grass has grown unusually high. Let’s also suppose that you own a lawn mower, it’s in good working condition, and has plenty of gasoline in the tank.Now let’s say that you’re sitting on your couch and say to yourself “My grass will get cut today because I ‘CAN’ go outdoors anytime and cut it.”So will your grass get cut? Not necessarily! Just because you “can” go outdoors and cut your grass doesn’t mean it’s going to get done. You can repeat this statement to yourself all day long, but your grass isn’t going to get cut until you actually go outside and DO it!Likewise, because a negative item on your credit report “can” be verified doesn’t mean it will be. According to the Fair Credit Reporting Act, a credit bureau must investigate and verify “within a reasonable period of time” any item in your credit report that you dispute. If the “information is found to be inaccurate or can no longer be verified, the consumer reporting agency shall promptly delete such information.”Now in this context “can be verified” clearly means verified by the credit bureau’s investigation of the item, and the “reasonable period of time” has been established (by subsequent rulings) to be 30 days. So if the credit bureau doesn’t complete its investigation of the disputed information within 30 days, or if for some reason the creditor fails to respond and verify the information, by law the disputed data must be deleted from your credit file.MYTH #3
“Credit repair agencies are all scams”It’s true that there ARE a good many unscrupulous credit repair agencies. But there are also some corrupt police officers, lawyers, and politicians. Yet we don’t label all members of these professions as “corrupt.”If you’re looking for help to repair your bad credit you do need to be careful and do your “homework” when selecting an agency. There are many honest credit repair companies that are not “scams.” But beware of any who make promises as to results!As stated above, it’s not always possible to restore your bad credit history to perfect status, and no one should be making any promises to that effect. Beware of any company that does! And while an agency will in all likelihood be able to improve your credit score, if any agency makes this promise, be sure it’s accompanied by a money back guarantee. Otherwise, look elsewhere. And don’t forget to ask for references and follow up on them.MYTH #4
“You have to hire a credit repair agency or lawyer to fix your credit”Going back to the analogy above, you can always hire someone else to cut your grass (or to do just about anything else) for your. And if fixing your own credit seems an intimidating task, you might prefer to hire a credit repair company to do it.But it’s not really necessary that you do. First of all, credit repair agencies aren’t cheap. You can expect to pay anywhere from $2,500 to $5,000 or more. Plus, you’ll be paying a high fee for something you can just as well do for yourself, which brings us to myth #5.MYTH #5
“It’s too difficult or complicated to fix your own credit”A credit repair company isn’t going to do anything for you that you can’t do for yourself! Credit repair isn’t rocket science. It involves writing letters to credit bureaus and to creditors. If you’re able to write a letter, put a stamp on it and mail it, you’re able to repair your own credit.”Given the proper knowledge, you can fix your own credit”This statement IS true! You’re entirely able to repair your own credit, given the proper knowledge. And given the proper knowledge, you can fix your own car, repair your own plumbing, or for that matter perform brain surgery.While fixing your own credit is relatively simple and straightforward, you do have to know how to go about it. Essentially it involves getting a copy of your credit report and writing letters to the 3 major credit bureaus disputing negative information in your file.But there’s a right way and a wrong way to do it. In fact even some of the high priced credit repair agencies get it wrong, which brings us to myth #6.MYTH #6
“You improve your credit score by getting all the negative items on your credit report removed”It’s possible to get all the negative items on your credit report removed and actually see you credit score go DOWN as a result! The reason? Your credit score depends on a number of factors, one of which is the length of your credit history. In some cases, you’re better off to NOT remove some negative items on your report, especially if they involve a few late payments in the distant past, but show timely payments during recent years.While the “nuts and bolts” of credit repair is beyond the scope of this report, there are a number of sources of good information online. If you have bad credit, there are 3 major points you should keep in mind:1. If you have a bad credit history, it can (and probably will) cost you many tens of thousands of dollars in higher loan interest over the years, as you’ll be charged much higher rates than you would be with good credit. If your credit is really bad, you may not be able to get a loan at all!2. The situation isn’t hopeless! In almost every case you CAN improve your credit score. You can easily do it yourself or find a reputable agency to do it for you. But in any case, GET IT DONE!3. If you choose to repair your own credit (recommended) there are good books and eBooks available that can walk through the process. Get hold of one and get started NOW!
Jewelry repair is one of those things that typically are self evident to the owner of a piece of jewelry. If a ring is too big or too small, it obviously needs to be adjusted or “sized” in jeweler’s parlance. If a clasp no longer works on a chain or bracelet, it generally needs to be replaced. If an ear ring just falls out of ones ear, it probably needs a new back or if possible, to tighten the old one. In fact, anything that prevents the owner from worry free wear most likely falls under the inexhaustible category of jewelry repair. And believe me when I say after 33 years, I’ve seen most everything…..until the next thing comes along.Most people operate under the age old adage that “if it ain’t broke, don’t fix it”. Yet with jewelry that is a misconception that has cost countless thousands of people to loose countless millions of dollars; not to mention the sentimental value that has left a trail of tears and broken hearts. Remember the old guy on the beach with a metal detector? You think he is just looking for loose change?When it comes to jewelry and jewelry repair, here is another wise saying that you would do well to remember, “an ounce of prevention is worth a pound of cure”. Virtually everyday someone comes in needing to replace a lost diamond, sapphire, ruby, emerald or other precious gem stone because they didn’t take the time or really give any thought to the care and protection of their prized possession. On closer inspection it becomes painfully evident that the prongs that once held their valuable bauble had become worn and thin and finally just broke off. Just a quick sixty second inspection by a professional jeweler could have saved them $60, $600 or even $6000 dollars of repair cost (not to mention the fact that Grandmas diamond is now lost forever.)Historically, the jeweler, like most craftsmen, had to make everything from scratch even the tools they used. It was a painstaking process that took days and even weeks to complete. If a ring needed to be sized, the process could take over a week – just on that one ring. Most everyone has seen these magnificent necklaces, bracelets, rings and ear rings from ancient times with there attention to detail and sheer opulence. It could have taken well over a year or more just to make some of these wonderful pieces and heaven forbid they ever need repairing. And keep in mind that your average “working Joe” of that day could not even conceive of owning a splendid piece of gold jewelry.The majority of families in America today not only can afford one but many, many pieces of jewelry. The gift of jewelry celebrates and punctuates most all significant occasions in today’s modern world. And, it is no longer relegated to just special occasions, but is worn with great pleasure day in and day out. The vast amount of fine jewelry in the market place today is made from gold – not stainless steel. And, as such, needs to be regularly inspected, cleaned and even have routine or preventative maintenance performed in order to ensure the owner can confidently wear their special piece of family history.Yet, in our fast paced drive-through society, people just are not willing to wait very long, if at all, to have their jewelry repaired. Thankfully, cutting edge technology and new techniques have helped jewelers devise better ways of doing repairs faster, more efficiently and at a much reduced cost to the consumer. Just a few short years ago the repair of a broken prong on an emerald cluster would have been almost prohibitively expensive to get fixed. Yet with laser welders finding there way into your better jewelry repair shops and stores, the cost of the repair and the time it takes to repair it have become much more palatable for the consumer.In short, prevention is the best repair for the contemporary wearer of jewelry. Whether an heirloom or a recent purchase, things happen in the real world. Rings are caught in doors, pockets and purses; chains and necklaces are caught in sweaters, pulled by children and grandchildren, and chewed up by the dog; and, bracelets just simply wear themselves out at the joints with daily wear. So, let me leave you with this final axiom, “if you want to see it tomorrow, you better take care of it today.”At Fast-Fix Jewelry & Watch Repairs in the Mall St. Matthews, we understand your lifestyle, your concerns, your family and most of all, your jewelry. After all, we have been taking care of families just like yours for over a quarter of a century. Louisville jewelry repair done right at Fast Fix.